Obermatt

Thonburi Healthcare Group

SET:THG · TH7923010006
Health Care Providers & ServicesMedium

360

37
EV / EBIT5
Price / Owner Earnings8
Owner Earnings Yield41
Dividend Yield57
Price/Sales58
EV / Gross Profit22
Price/Book71
Return on Capital11
Cash Return on Capital40
Return on Equity20
EBIT Margin13
Gross Profitability23
Cash Conversion87
Accruals52
Owner Earnings Margin43
Sales growth30
Profit growth27
Reinvestment71
Price momentum55
Debt load53
Refinancing49
Debt Payback45
Liquidity10
Analyst ratings1
Opinion Changes50
Price Target Upside47
Market mood6
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Thonburi Healthcare Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryHealth Care Providers & Services
SizeMedium
TypePublic Company
ExchangeSET
Founded1994
Employees8
ISINTH7923010006
Last UpdateApr 2, 2026
Themes
GastroenterologyChronic DiseasesNeurologyOutpatient CareCardiovascularSurgeryInternal DiseasesHealth CareHospitalMedical

Description

Thonburi Healthcare Group Public Company Limited operates hospitals, clinics, and healthcare centers. Business Segments The company operates through business segments: hospital operations, medical services, healthcare product distribution, and heal…

Analysis

Hope premium

Thonburi Healthcare Group Public Company Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 36.7×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
14
2026

All-time high

14

Jun 2026

All-time low

1

Mar 2026

Average rank

8

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
58
Price/Earnings
20
Price/Book
71
Dividend Yield
57
Value (overall)
63

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →