1. Thailand Stocks

  2. •

    Health services

  3. •

    Hospital/Nursing management
Thonburi Healthcare Group Public Company Limited

Thonburi Healthcare Group Public Company Limited

6.55
THB
+0.05
(+0.77%)
0.14EPS
69.57P/E
13.06BMarket Cap
Nov 06Next Earn
Thonburi Healthcare Group Public Company Limited
SET:THG.R
(Stock Exchange of Thailand)

Recent

price

6.55

P/E

ratio

69.57

div

yld

2.35%

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
6.37
6.69
7.42
7.57
7.38
8.56
7.63
11.35
12.07
10.26
10.53
7.72
5.56
Revenue per Share
0.62
0.64
0.61
0.63
0.36
0.48
0.07
1.4
1.67
0.31
-1.96
0.08
0.1
Basic EPS, GAAP
- -
- -
-1.9
- -
-1.56
-2.5
-1.19
1.37
1.28
0.14
-0.37
0.24
0.48
Free Cash Flow per Basic Share
- -
- -
0.97
0.35
0.35
0.4
0.27
0.26
0.79
0.79
0.42
- -
0.15
Dividend per Share
1.48
1.91
5.15
8.77
8.58
8.66
8.29
9.6
10.38
9.88
7.57
7.51
7.45
Book Value per Share
1.44
1.85
5.07
6.21
6.06
6.14
8.05
9.34
9.91
9.35
7.07
7.28
7.24
Tangible Book Value per Share
865
865
839
874
962
962
958
956
960
960
901
1,178
1,620
Basic Weighted Avg Shares
5,515
5,787
6,229
6,612
7,094
8,232
7,315
10,847
11,582
9,844
9,479
9,097
9,014
Sales/Revenue/Turnover
16.17
14.63
13.81
12.48
7.47
5.7
2.22
17.29
15.24
6.04
-14.34
3.47
3.44
Operating Margin (%)
- -
- -
239
305
466
613
827
944
1,006
1,138
1,174
1,157
1,160
Depreciation Expense
538
552
511
554
348
462
62
1,337
1,602
295
-1,765
96
170
Net Income, GAAP
21.24
23.79
22.78
17.27
24.14
22.06
53.67
21.75
17.45
20.34
- -
55.54
43.4
Effective Tax Rate (%)
9.76
9.54
8.21
8.38
4.9
5.62
0.85
12.33
13.83
3
-18.61
1.06
1.89
Profit Margin (%)
262
-436
-1,151
1,336
-1,057
-102
-151
-1,716
-928
-5,666
-5,227
802
42
Working Capital
2,870
2,548
2,399
3,454
3,053
5,565
6,104
4,646
5,153
2,284
3,610
2,850
2,503
LT Debt
1,689
2,017
5,156
8,665
8,726
8,781
8,331
9,618
10,906
10,516
8,261
14,532
14,419
Total Equity
- -
11.34
7.43
6.3
3.09
2.22
0.47
7.69
6.88
2.22
- -
0.81
0.99
Return on Invested Capital (%)
- -
12.61
8.44
6.26
3.2
3.87
1.28
8.11
8.44
2.59
- -
1.1
1.3
Return on Capital (%)
- -
34.03
15.12
8.3
4.18
5.6
0.77
15.7
16.8
3.05
-21.16
0.93
1.66
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
929
740
1,118
LT Borrowings
2,725
2,880
2,380
LT Finance Leases
125
125
124
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,789
1,789
1,789
Market Capitalization
15,297
16,281
13,061

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,224
2,769
2,510
Cash, Cash Equivalents & STI
1,095
1,186
1,141
Accounts Receivable, Net
1,016
856
624
Inventories
920
369
355
Total Current Liabilities
2,422
2,257
2,468
Payables & Accruals
1,334
1,348
1,177
ST Debt
929
740
1,118
Deferred Revenue
102
117
117

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.96%
15.95%
75.92%
Free Cash Flow
- -
-169.08%
-185.12%
Net Income, GAAP
108.81%
235.57%
-105.45%
Sales/Revenue/Turnover
5.83%
6.47%
-4.03%
Total Cash Common Dividend
- -
10.08%
-99.76%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,337
2,362
2,526
2,254
9,479
2025
2,232
2,206
2,316
2,344
9,097
2026
2,153
2,201
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.04
-0.39
-1.53
-1.96
2025
0.01
-0.01
- -
0.05
0.08
2026
0.02
0.03
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.4
- -
- -
0.42
2025
- -
- -
- -
- -
- -
2026
- -
0.14
- -
- -
- -
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Business
Thonburi Healthcare Group Public Company Limited (THG.BK) operates as a leading private healthcare provider in Thailand, primarily managing hospitals and delivering specialized medical services; it also engages in healthcare solutions, hospital management software development, elderly care, home healthcare, medical supply distribution, property development, and electricity production. The company offers comprehensive treatments across excellence centers in brain and neurology, bone and joint, gastrointestinal, liver, heart, obstetrics and gynecology; it provides step-down care centers, senior medical and residence services, telemedicine, management for provincial state hospitals, retail of pharmaceuticals and medical goods, and software for hospital operations. Founded in 1976 and headquartered at 34/1 Soi Itsaraphap 44, Ban Chang Lo, Bangkok Noi, Bangkok, Thailand, THG maintains 1,100 registered beds with capacity for 9,700 daily outpatients, serving domestic markets through subsidiaries and joint ventures while targeting diverse patient groups including elderly and chronic illness patients; its operations span Bangkok and upcountry Thailand with international standards accreditation such as Hospital Accreditation (HA) and American Accreditation Commission International (AACI) for rehabilitation. In recent developments, Ramkhamhaeng Hospital PCL acquired an additional 25% stake in THG as part of strategic synergies in Thailand's healthcare sector; THG executed a significant capital increase of 941.7 million shares raising approximately 5.9 billion baht to repay debt and support growth, with Ramkhamhaeng investing 5 billion baht via PP and RO shares, potentially leading to consolidation; the company reported 2024 revenue of 9,479.34 million baht alongside a net loss of 1,764.51 million baht influenced by 1,650.99 million baht in special items.