1. Thailand Stocks

  2. •

    Health services

  3. •

    Hospital/Nursing management
Chiang Mai Ram Medical Business Public Co. Ltd.

Chiang Mai Ram Medical Business Public Co. Ltd.

1.24
THB
0.00
(0.00%)
0.60EPS
2.14P/E
5.17BMarket Cap
Chiang Mai Ram Medical Business Public Co. Ltd.
SET:CMR
(Stock Exchange of Thailand)

Recent

price

1.24

P/E

ratio

2.14

div

yld

27.19%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
0.45
0.48
0.56
0.66
0.72
0.82
0.87
0.93
0.98
0.98
0.91
1.04
1.29
1.25
0.63
0.61
0.29
Revenue per Share
0.03
0.03
0.05
0.09
0.1
0.12
0.1
0.11
0.09
0.04
0.05
0.07
0.13
0.05
0.03
0.6
0.59
Basic EPS, GAAP
0.07
0.04
0.09
0.11
0.02
0.1
-0.13
-0.05
0.08
-0.06
-0.19
-0.06
0.19
0.15
0.15
0.02
- -
Free Cash Flow per Basic Share
0.03
0.02
0.03
0.03
0.04
0.05
0.04
0.06
0.06
0.06
0.06
0.07
0.08
0.09
0.08
0.3
0.34
Dividend per Share
0.3
0.31
0.42
0.51
0.58
0.68
0.88
0.89
0.9
0.92
0.9
1.03
1.24
1.07
0.93
1.11
1.12
Book Value per Share
0.29
0.29
0.34
0.43
0.5
0.6
0.8
0.81
0.82
0.85
0.82
0.96
1.17
1
0.85
1.05
1.06
Tangible Book Value per Share
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,046
4,071
4,071
4,071
Basic Weighted Avg Shares
1,822
1,942
2,253
2,664
2,898
3,288
3,482
3,748
3,935
3,927
3,668
4,193
5,205
5,066
2,547
2,496
1,167
Sales/Revenue/Turnover
16.35
14.83
17.05
23.31
21.38
23.95
19.86
19.47
15.9
10.37
8.62
11.01
15.74
10.23
3.22
9.73
8.9
Operating Margin (%)
103
114
129
135
143
168
203
232
251
263
278
347
469
497
479
448
360
Depreciation Expense
137
135
207
367
387
501
388
440
375
158
198
292
504
218
131
2,446
2,413
Net Income, GAAP
28.61
30.37
23.44
19.38
19.32
19.73
22.62
17.81
18.22
28.37
21.7
17.15
18.11
21.06
- -
2.98
1.93
Effective Tax Rate (%)
7.5
6.97
9.17
13.78
13.35
15.23
11.13
11.75
9.54
4.03
5.4
6.97
9.68
4.3
5.12
98
206.81
Profit Margin (%)
-688
-692
-529
-150
-402
-451
-978
-861
-1,021
-1,333
-1,617
-1,844
-2,065
-2,079
-2,165
-1,659
-1,543
Working Capital
139
100
403
474
306
231
546
1,038
785
1,286
2,030
2,301
1,837
1,528
1,314
872
795
LT Debt
1,666
1,719
2,413
2,983
3,422
3,928
5,298
5,266
5,214
5,603
5,492
6,457
7,927
6,835
5,879
4,563
4,600
Total Equity
11.51
8.63
9.66
13.04
11.24
12.83
8.73
8.12
6.73
4.45
3.4
4.38
6.75
4.35
- -
32.06
31.7
Return on Invested Capital (%)
5.15
3.78
5.37
7.23
6.89
8.3
4.89
5.19
4.68
0.89
2.38
2.79
3.7
1.51
- -
32.22
32.86
Return on Capital (%)
11.87
10.99
14.12
19.73
17.66
19.79
12.39
12.4
10.43
4.32
5.42
7.52
10.99
4.64
3.2
59.16
60.65
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,331
1,418
1,371
LT Borrowings
872
793
795
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,071
4,071
4,071
Market Capitalization
5,781
5,333
5,170

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
907
582
625
Cash, Cash Equivalents & STI
455
58
27
Accounts Receivable, Net
92
74
68
Inventories
53
61
60
Total Current Liabilities
2,567
2,244
2,167
Payables & Accruals
951
542
512
ST Debt
1,331
1,418
1,371
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.9%
-1.96%
-22.37%
Free Cash Flow
-107.45%
-116%
-84.78%
Net Income, GAAP
174.1%
359.46%
1,774.21%
Sales/Revenue/Turnover
-0.42%
-3.19%
-2.01%
Total Cash Common Dividend
35.73%
66.16%
298.89%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,326
1,279
1,431
1,252
2,547
2025
621
586
1,300
-1,341
2,496
2026
608
599
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.01
0.02
-0.01
0.03
2025
0.01
0.01
-0.02
0.6
0.6
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.08
- -
- -
0.08
2025
- -
0.07
0.09
0.14
0.3
2026
0.1
- -
- -
- -
- -
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Business
Chiang Mai Ram Medical Business Public Company Limited operates private hospitals in northern Thailand, primarily through its flagship Lanna Hospital in Chiang Mai; it provides comprehensive medical services including internal medicine and subspecialties, cardiology, general practice, pediatrics, orthopedics and general surgery, pediatric surgery, obstetrics-gynecology, radiology, dentistry, anesthesiology, ENT, and ophthalmology; sub-specialty clinics cover urology, neurology, endocrinology, oncology, hematology, plastic surgery, gastroenterology, and dermatology, alongside infertility and gynecologic oncology clinics; ancillary services encompass dental care, X-ray and multi-slice CT imaging, cardiac catheterization, back pain treatment, physical therapy, operating theaters, laboratories with real-time PCR, ambulance services, chronic renal dialysis, and health check-ups; the company also offers insurance products and serves general hospital and social security patients. Founded in 1974 and headquartered at 8 Boonruangrit Road, Amphur Mueang, Chiang Mai, Thailand, it targets local residents, international patients, and insured customers across northern Thailand with subsidiaries including Chiang Mai Ram Hospital Co., Ltd., Hariphunchai Memorial Hospital Co., Ltd., and Ramkhamhaeng Chiangmai Hospital Co., Ltd.; it functions as a subsidiary of Vibhavadi Medical Center Public Company Limited within the broader Ram Hospital Group ecosystem. In recent developments, its parent Ramkhamhaeng Hospital Public Company Limited signed a letter of intent in September 2025 to acquire an additional 7.12% stake in Chiang Mai Ram Hospital Co., Ltd., strengthening group integration; the company bolstered international partnerships in March 2025 with providers such as International SOS, Asian Assistance, April Assistance, and Thailand Privilege Card to enhance patient services; it maintains ongoing expansion within Thailand's private healthcare sector amid rising demand for specialized treatments.