Thai Nakarin Hospital Public Co. Ltd.

Thai Nakarin Hospital Public Co. Ltd.

28.25
THB
-0.25
(-0.88%)
1.81EPS
16.55P/E
5.40BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.02
8.73
9.39
10.48
10.83
11.86
11.97
11.16
11.35
14.37
13.36
15.03
15.39
15.08
Basic EPS, GAAP
0.96
1
1.15
1.57
1.61
1.98
1.76
1.42
1.63
2.36
1.95
2.42
2.19
1.81
Free Cash Flow per Basic Share
0.83
1.06
1.17
0.63
1.68
2.14
-1.79
1.39
1.11
0.94
2.01
2.07
1.61
0.82
Dividend per Share
0.5
0.6
0.6
0.62
0.65
0.6
0.6
0.55
0.45
0.5
0.6
0.6
0.6
- -
Book Value per Share
4.47
4.86
5.41
6.37
7.34
8.71
9.88
10.73
11.94
13.8
15.19
17.01
18.57
19.28
Tangible Book Value per Share
4.42
4.81
5.37
6.34
7.31
8.69
6.24
7.21
11.93
13.78
15.13
16.95
18.5
19.17
Basic Weighted Avg Shares
180
180
180
180
180
180
180
180
180
180
180
180
180
180
Sales/Revenue/Turnover
1,444
1,572
1,690
1,887
1,950
2,135
2,155
2,009
2,044
2,587
2,404
2,706
2,771
2,715
Operating Margin (%)
13.85
12.51
13.71
17.09
16.55
19.04
16.78
14.3
16.59
20.19
17.64
19.16
16.81
14.32
Depreciation Expense
83
85
87
89
90
85
86
87
86
88
116
123
126
147
Net Income, GAAP
172
179
207
282
291
356
318
256
293
425
351
435
395
326
Effective Tax Rate (%)
22.84
19.92
19.85
19.77
19.8
18.38
18.93
18.84
18.09
19.27
19.16
19.2
19.24
20.36
Profit Margin (%)
11.93
11.39
12.24
14.95
14.9
16.68
14.73
12.76
14.36
16.44
14.58
16.07
14.25
12.02
Working Capital
187
213
466
487
663
1,018
601
896
1,092
1,196
1,342
1,604
1,785
1,790
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
Total Equity
804
875
974
1,147
1,320
1,569
1,778
1,931
2,149
2,484
2,735
3,062
3,343
3,470
Return on Invested Capital (%)
19.71
18.49
19.75
23.9
20.55
22.54
17.25
13.27
14.01
18.07
13.07
14.37
11.69
9.23
Return on Capital (%)
22.59
21.34
22.38
26.6
23.55
24.65
18.98
13.82
14.39
18.36
13.44
15.01
12.33
9.7
Return on Common Equity (%)
22.58
21.34
22.38
26.6
23.55
24.65
18.98
13.82
14.39
18.36
13.44
15.01
12.33
9.7

Capital Structure

THB

•

in mil. unless spec.
Oct'26
Jan'26
Apr'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
180
180
180
Market Capitalization
5,895
5,715
5,400

Working Capital

THB

•

in mil. unless spec.
Oct'26
Jan'26
Apr'26
Total Current Assets
2,230
2,151
2,167
Cash, Cash Equivalents & STI
1,963
1,870
1,892
Accounts Receivable, Net
211
222
180
Inventories
48
49
83
Total Current Liabilities
428
445
377
Payables & Accruals
370
429
364
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.18%
11.63%
9.19%
Free Cash Flow
-15.58%
11.72%
-22.4%
Net Income, GAAP
8.85%
11.34%
-9.23%
Sales/Revenue/Turnover
5.48%
7.24%
2.38%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
696
671
639
701
2,706
2025
713
701
668
689
2,771
2026
700
692
633
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
0.6
0.49
0.59
2.42
2025
0.62
0.58
0.49
0.51
2.19
2026
0.53
0.44
0.33
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.6
2025
- -
- -
- -
- -
0.6
2026
- -
- -
- -
- -
- -

Company Description

CEO
Thiti Sihanatkathakul
Full Time Employees
1,408
Sector
Health services
Industry
Hospital/Nursing management
Address
No. 345 Thepparat Road km 3.5 Bangkok BM Thailand 10260
IPO Date
Dec 16, 2005
Business
Thai Nakarin Hospital Public Company Limited (TNH.BK) operates a general hospital in Bang Na, Bangkok, providing inpatient, outpatient, and 24-hour emergency medical services through specialized centers and departments; core offerings include the Heart Center, Bone & Joint Center, Holistic Oncology Center with Linear Accelerator radiotherapy, Breast Care Center, Hemodialysis Center, Check-up Center, Skin & Laser Center, Dental Center, Gastrointestinal Center, Lasik Center, Rehabilitation Center, Kidney Transplant Center, Wellness Center, Diabetes & Endocrinology Department, Traditional Chinese Medical Department, Mental Health Department, Hepato-Biliary & Pancreas Department, Medicine Department, Surgery Department, Pediatrics Department, Obstetrics and Gynecology Department, Ear Nose and Throat Department, Eye Department, Emergency Department, ARI Clinic, Laboratory, X-ray, and Physical Therapy departments, alongside operating rooms, ICU, CCU, stroke unit, nursery, and brain/neurology services. The hospital, founded in 1993 and headquartered at 345 Thepparat Road, Bangna, Bangkok, serves primarily Thai patients in eastern Bangkok and eastern Thailand regions, with growing international clientele from CLMV countries and expats comprising 20% of patients, supported by multilingual staff, renovated facilities, and accreditations including Hospital Accreditation (HA) fifth time in 2022 and AACI breast cancer certification in 2023. Recent developments encompass the 2023 launch of Saha Clinic Chachoengsao as the first branch for general care, health checks, vaccinations, and telemedicine referrals; 2024 expansions including an enlarged Lasik Center on the 12th floor, Dental Center improvements, and new equipment such as AI-assisted colonoscopy for colon cancer screening, robotic knee replacement surgery, REZUM steam therapy for enlarged prostate, Enlighten SR picosecond laser for pigmentation and tattoos, and high-frequency echocardiography; planned Q4 2024 openings of Healthy Weight Center for preventive care and Scope Center for gastrointestinal services; integration into the Eastern Cancer Network with Samrong Medical Hospital, Cancer Alliance Sriracha Hospital, and Saha Clinic; and awards like the 2024 Allianz Ayudhya Best Collaboration Award (first place, Group A). The company maintains 190 inpatient beds, over 440 doctors, 550 nurses, and focuses on personalized healthcare, precision medicine, minimally invasive procedures like full endoscopic spine surgery and laparoscopy, mobile checkups, and wellness promotion for corporate, insurance, and self-pay customers amid Thailand's private hospital sector.