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Health Services

Bangkok Dusit Medical Services Public Co. Ltd.

Company Background

Bangkok Dusit Medical Services is Thailand's largest private hospital operator in terms of market capitalization and patient service revenue. It has over 30 hospitals in Thailand and several in Cambodia through six brands -- Bangkok Hospital, Samitivej Hospital, BNH Hospital, Phyathai Hospital, Paolo Memorial Hospital and the Royal Hospital.

 

It started from one hospital in 1969, founded by billionaire Prasert Prasarttong-Osoth. Prasert expanded the group through aggressive mergers and acquisitions. The group has recently been growing by offering services to medical tourists. About 70% of its revenue are from international patients, from Japan, Europe and the U.S. The group is expanding into other services. It recently acquired the Save Drug Center chain.

 

Major shareholders are the founding Prasarttong-Osoth family and the Thongtang family, which owned the Phyathai Hospital that merged with Bangkok Dusit Medical Services in 2011. Also Bangkok Airways, an airline established by Prasert, has a 7% or so stake.

 

Prasert currently serves as chairman of the executive committee at Bangkok Dusit Medical Services. Chatree Duangnet, CEO of Bangkok Medical Center, the operator of the flagship Bangkok Hospital, manages every-day operations.

 

Business Summary

Bangkok Dusit Medical Services Public Co. Ltd. engages in the health care businesses. The company operates through two segments: Hospital Operations and Other Businesses. The Other Businesses segment supports hospital business including central lab, manufacturer and distributor of medicine and pharmaceutical products, assets management for healthcare business, distribution and providing service for health and cosmetic goods, accounting services, technology and information service, training business, health insurance and life insurance broker.It also invests in private hospitals and healthcare-related services, including medical and emergency services. The company was founded by Prasert Prasarttong-Osoth on October 30, 1969 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2019 THBUSD
Revenue82,722.64M2,664.62M
Gross Profit27,429.92M883.55M
Operating income10,999.35M354.30M
Income before tax18,860.17M607.51M
Net income15,517.17M499.83M
EBITDA16,705.06M538.09M
Diluted EPS0.980.03
Dividends Per Share0.550.01
Total Assets133,661.73M4,462.27M
Total liabilities46,480.11M1,551.72M
Total equity83,813.43M2,798.09M
Operating cash flow15,096.82M486.29M
Currency in THBCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 62,834.39M 67,903.50M 71,932.50M 77,372.94M 82,722.64M
Gross Profit 20,850.01M 21,685.69M 22,972.27M 25,897.19M 27,429.92M
Operating income 9,037.19M 8,982.50M 9,469.41M 10,873.02M 10,999.35M
Income before tax 8,971.01M 9,324.20M 11,720.93M 10,697.20M 18,860.17M
Net income 8,020.71M 8,386.47M 10,215.73M 9,191.46M 15,517.17M
EBITDA 13,385.72M 13,785.72M 14,600.30M 16,221.38M 16,705.06M
Diluted EPS 0.52 0.54 0.66 0.59 0.98
Dividends Per Share 0.26 0.29 0.36 0.32 0.55
Total Assets 103,128.97M 107,014.51M 122,626.69M 133,498.75M 133,661.73M
Total liabilities 48,717.43M 49,295.19M 57,249.76M 60,335.52M 46,480.11M
Total equity 51,913.39M 55,133.03M 62,577.01M 70,045.26M 83,813.43M
Operating cash flow 13,682.53M 12,953.25M 11,447.12M 15,317.43M 15,096.82M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 1,833.36M 1,924.67M 2,119.80M 2,393.42M 2,664.62M
Gross Profit 608.35M 614.66M 676.97M 801.09M 883.55M
Operating income 263.68M 254.60M 279.05M 336.34M 354.30M
Income before tax 261.75M 264.28M 345.40M 330.90M 607.51M
Net income 234.02M 237.70M 301.05M 284.32M 499.83M
EBITDA 390.56M 390.74M 430.26M 501.78M 538.09M
Diluted EPS 0.01 0.01 0.01 0.01 0.03
Dividends Per Share 0.00 0.00 0.01 0.00 0.01
Total Assets 2,865.88M 2,988.35M 3,762.70M 4,100.08M 4,462.27M
Total liabilities 1,353.82M 1,376.55M 1,756.66M 1,853.05M 1,551.72M
Total equity 1,442.63M 1,539.57M 1,920.12M 2,151.26M 2,798.09M
Operating cash flow 399.22M 367.14M 337.33M 473.82M 486.29M

Valuation Measures

Dec 2019
PER26.37
ROA11.61%
ROE20.17%
Operating margin13.29%
Profit margin18.75%

Key executives

  • President, Chief Executive Officer & Director: Poramaporn Prasarttong-Osoth
  • Chief Operating Officer & Director: Chairat Panthuraamphorn
  • Chief Financial Officer, Director & Senior EVP: Narumol Noi-Am
  • Executive Director & COO-Medical Affairs: Chatree Duangnet
  • Secretary & Vice President: Kessara Wongsekate

Shareholders

  • PRASARTTONG OSOTH PRASERT (16.0%)
  • Bangkok Airways Public Co., Ltd. (6.5%)
  • The Viriyah Insurance Public Co., Ltd. (5.9%)
  • PRASARTTONG OSOTH PORAMAPORN (3.4%)
  • Social Security Office of Thailand (2.6%)
  • SUCHARTO CHIROTCHANA (2.3%)
  • THONGTANG ITTI (1.8%)
  • THONGTANG VIORN (1.4%)
  • THONGTANG ATT (1.2%)
  • THONGTAENG ATTIKHUN (1.1%)

Contact Details

Related Companies

  • Udon Pattana Co. Ltd.
  • Bangkok Hospital Muangraj Co. Ltd.
  • Bangkok Save Drug Co. Ltd.
  • Bangkok Phuket International Hospital Co. Ltd.
  • Bangkok Royal Healthcare Co. Ltd.
  • Bangkok Hospital Sanamchan Co. Ltd.
  • National Health Care Systems Co. Ltd.
  • Samitivej Chon Buri Co. Ltd.
  • N Health Asia Pte Ltd.
  • Bangkok Hospital Phitsanulok Co. Ltd.
  • Paolo Memorial Hospital Phaholyothin
  • Medic Pharma Co., Ltd.
  • Royal Bangkok Healthcare Co., Ltd.
  • ANB Laboratories Co. Ltd.
  • Ratchasima Thonburi Hospital
  • Bangkok Trat Hospital Co. Ltd.
  • Thai Cougar Helicopter & Petroleum Services Co. Ltd.
  • Bangkok Hatyai Hospital Co. Ltd.
  • Udon Pattana (1994) Co. Ltd.
  • Trad Vechakij Co Ltd
  • Bangkok Rayong Hospital Co. Ltd.
  • Bangkok Phuket Hospital Co. Ltd.
  • Bangkok Pattaya Hospital Co. Ltd.
  • National Healthcare System Co Ltd
  • Wattanavej Co. Ltd.
  • Rayong Medical Group Co Ltd
  • BNH Medical Centre Co. Ltd.
  • Prasit Patana Public Co., Ltd.
  • Thonburi Medical Centre Public Co. Ltd.
  • Samitivej Public Co. Ltd.

Competitors

  • Chularat Hospital PCL
  • Srivichaivejvivat Public Co. Ltd.
  • Wattana Karnpaet PCL
Last Updated on 25 Sep, 2020

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