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Thai Nakarin Hospital Public Company Limited

Thai Nakarin Hospital Public Company Limited

TNH.BK
Thai Nakarin Hospital Public Company LimitedTH flagStock Exchange of Thailand
29.25
THB
- -
- -
5.27BMarket Cap
Thai Nakarin Hospital Public Company Limited
TNH.BK
(Stock Exchange of Thailand)

Recent

price

29.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.34
6.83
7.38
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
Revenue per Share
0.76
0.96
0.82
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
Basic EPS, GAAP
0.85
0.93
0.98
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
Free Cash Flow per Basic Share
0.43
0.4
0.48
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
- -
Dividend per Share
3.07
3.64
3.8
4.25
4.65
5.2
6.16
7.12
8.5
9.66
10.51
11.72
13.59
14.98
16.79
18.36
19.06
Book Value per Share
3.14
3.69
3.95
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
Tangible Book Value per Share
181
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
Basic Weighted Avg Shares
1,146
1,229
1,328
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
Sales/Revenue/Turnover
14.98
16.43
14.08
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
Operating Margin (%)
72
73
80
83
85
87
89
90
85
86
87
86
88
116
123
126
147
Depreciation Expense
137
173
148
172
179
207
282
291
356
318
256
293
425
351
435
395
326
Net Income, GAAP
19.99
19.91
30.18
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
Effective Tax Rate (%)
11.98
14.04
11.11
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
Profit Margin (%)
146
249
321
187
213
466
487
663
1,018
601
896
1,092
1,196
1,342
1,604
1,785
1,790
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
LT Debt
575
675
722
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
Total Equity
24.56
25.29
18.12
19.71
18.49
19.75
23.9
20.55
22.54
17.25
12.45
13.49
18.07
13.07
14.37
11.69
9.23
Return on Invested Capital (%)
26.19
28.55
22.05
23.79
22.36
23.36
27.6
24.31
25.32
19.42
14.12
14.66
18.67
13.64
15.21
12.48
9.81
Return on Capital (%)
26.19
28.55
22.05
23.78
22.36
23.36
27.6
24.31
25.32
19.42
14.12
14.66
18.67
13.64
15.21
12.48
9.81
Return on Common Equity (%)

Capital Structure

FRC

•

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

FRC

•

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

FRC

•

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

FRC

•

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

FRC

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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