1. Thailand Stocks

  2. •

    Health services

  3. •

    Hospital/Nursing management
Mahachai Hospital Public Co. Ltd.

Mahachai Hospital Public Co. Ltd.

18.20
THB
-0.10
(-0.55%)
1.22EPS
18.24P/E
2.98BMarket Cap
Mahachai Hospital Public Co. Ltd.
SET:M-CHAI
(Stock Exchange of Thailand)

Recent

price

18.20

P/E

ratio

18.24

div

yld

-0.01%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
8.56
9.22
10.31
10.84
11.36
12.05
13.41
14.24
14.79
15.66
16.05
29.37
37.7
41.44
41.44
40.79
41.24
Revenue per Share
0.52
0.67
0.92
0.98
0.74
1.06
1.09
1.01
0.83
0.72
0.48
2.42
2.41
1.81
0.45
0.95
1.02
Basic EPS, GAAP
0.12
0.93
0.86
0.08
0.2
-0.33
-2.99
-0.2
-4.28
-8.51
-16.6
-4.11
2.65
1.12
2.36
6.6
5.03
Free Cash Flow per Basic Share
0.17
0.21
0.27
0.37
0.39
0.3
0.42
0.44
0.41
0.33
0.3
0.2
0.7
0.8
0.7
0.25
- -
Dividend per Share
3.63
4.12
4.76
5.36
5.71
6.83
8.56
8.72
8.74
8.92
8.77
12.09
13.82
13.94
13.94
13.96
13.97
Book Value per Share
3.57
3.83
4.45
5.07
5.41
6.55
8.31
6.34
6.37
6.51
8.22
11.57
13.36
13.39
13.35
13.4
13.38
Tangible Book Value per Share
160
159
159
159
159
159
159
159
160
160
160
160
160
160
160
160
160
Basic Weighted Avg Shares
1,369
1,464
1,636
1,720
1,802
1,912
2,128
2,264
2,366
2,506
2,568
4,699
6,032
6,630
6,630
6,526
6,599
Sales/Revenue/Turnover
8.47
12.13
12.83
12.21
9.03
10.5
9.52
7.91
8.5
5.68
-1.4
9.52
10.74
10.58
5.73
7.05
7.59
Operating Margin (%)
77
76
79
89
99
118
128
157
169
173
232
646
667
690
750
694
647
Depreciation Expense
83
106
145
155
118
168
173
161
133
115
76
387
385
289
72
153
163
Net Income, GAAP
31.18
33.4
23.9
19.67
21.29
17.01
15.57
14.63
13.62
11.24
- -
16.59
23.37
17.38
19.47
29.58
25.08
Effective Tax Rate (%)
6.03
7.22
8.89
9
6.54
8.77
8.14
7.09
5.63
4.61
2.97
8.23
6.39
4.36
1.08
2.34
2.47
Profit Margin (%)
-104
-186
-138
-111
-116
-227
-313
31
392
-1,180
-1,786
-1,346
-1,550
-1,194
-1,590
-1,206
-1,142
Working Capital
258
127
148
288
357
454
824
951
1,304
1,518
5,638
6,094
5,788
5,823
5,358
5,194
4,953
LT Debt
599
683
785
883
940
1,123
1,428
2,191
2,933
2,941
2,786
3,048
3,244
3,319
3,280
3,260
3,278
Total Equity
10.12
12.15
15.33
12.95
8.65
10.58
7.19
4.08
3.88
2.5
- -
3.7
4.69
5.5
2.91
3.23
3.84
Return on Invested Capital (%)
10.4
12.24
15.36
14
9.61
11.17
8.23
5.31
3.98
3.75
- -
9.22
6.29
5.06
3.83
3.78
3.57
Return on Capital (%)
15.1
17.12
20.47
19.12
13.31
16.7
14.12
11.65
9.53
8.17
5.39
23.17
18.59
13.01
3.22
6.84
7.44
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,357
1,320
1,403
LT Borrowings
3,798
3,698
3,566
LT Finance Leases
1,396
1,388
1,387
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
160
160
160
Market Capitalization
3,488
2,928
2,976

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,205
1,096
1,097
Cash, Cash Equivalents & STI
395
228
255
Accounts Receivable, Net
481
445
476
Inventories
177
219
191
Total Current Liabilities
2,411
2,240
2,239
Payables & Accruals
855
796
704
ST Debt
1,357
1,320
1,403
Deferred Revenue
- -
17
16

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.59%
3.28%
-0.59%
Free Cash Flow
294.02%
-1.4%
179.37%
Net Income, GAAP
35.1%
83.86%
112.66%
Sales/Revenue/Turnover
- -
- -
-1.56%
Total Cash Common Dividend
16.44%
30.92%
-64.31%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,644
1,612
1,778
1,596
6,630
2025
1,538
1,583
1,724
1,681
6,526
2026
1,577
1,617
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
-0.02
0.4
-0.18
0.45
2025
0.12
0.27
0.63
-0.06
0.95
2026
0.14
0.31
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.7
- -
- -
0.7
2025
- -
0.25
- -
- -
0.25
2026
- -
- -
- -
- -
- -
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Business
Mahachai Hospital Public Company Limited operates as a private hospital group based in Samut Sakhon, Thailand, founded in 1987. The company provides comprehensive healthcare services including patient treatment, inpatient services, and medical trading. Its medical services encompass a wide range of specialized centers such as Mahachai Heart Center, Gastrointestinal and Liver Center, Hematology and Oncology Clinic, Orthopedic Clinic, Eye Clinic, Surgical Clinic, Pulmonary and Respiratory Clinic, Dental and Implant Center, Neurology Clinic, Diabetes Care Center, Internal Medicine Clinic, Sleep Disorders Center, Physical Medicine and Rehabilitation Center, Pediatric Clinic, Ear, Nose and Throat Clinic, Obstetrics and Gynecology Clinic, Urology Clinic, Health Check-up Center, and Kidney and Hemodialysis Center. Mahachai Hospital operates multiple facilities under the brand names Mahachai, Mahachai 2, Mahachai Petcharat, Mahachai 3, Mahachai Maeklong, Mahachai Prompathya, and Med Park Hospital. The company primarily serves the Thai healthcare market with a focus on private hospital services and the trading of medical supplies. In recent years, Mahachai Hospital has expanded its hospital network and service capabilities to meet growing healthcare demands. Notably, in 2025, the company reported steady revenue growth with a hospital and medical trading business revenue reaching approximately 6.73 billion THB. Recent strategic actions include acquisitions and increased stakes in affiliated healthcare entities to broaden its operational footprint and service range. The company also continues to invest in specialized medical centers and advanced healthcare technologies to enhance patient care quality. Mahachai Hospital Public Company Limited remains committed to expanding its healthcare services across Thailand with an employee base of over 1,700 personnel, reflecting its position as a significant private healthcare provider in the region. The company maintains its headquarters in Samut Sakhon and demonstrates consistent operational growth driven by both organic expansion and strategic partnerships. It emphasizes a comprehensive healthcare offering spanning general and specialized medical treatment, supported by a widespread hospital network and medical supply trading operations.