Bangkok Dusit Medical Services Public Co. Ltd.

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See more articles on 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	THB	USD
Revenue	82,722.64M	2,664.62M
Gross Profit	27,429.92M	883.55M
Operating income	10,999.35M	354.30M
Income before tax	18,860.17M	607.51M
Net income	15,517.17M	499.83M
EBITDA	16,705.06M	538.09M
Diluted EPS	0.98	0.03
Dividends Per Share	0.55	0.01
Total Assets	133,661.73M	4,462.27M
Total liabilities	46,480.11M	1,551.72M
Total equity	83,813.43M	2,798.09M
Operating cash flow	15,096.82M	486.29M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 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 2015	Dec 2016	Dec 2017	Dec 2018	Dec 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
PER	26.37
ROA	11.61%
ROE	20.17%
Operating margin	13.29%
Profit margin	18.75%

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

Website:http://www.bangkokhospital.com
Address: 2 Soi Soonvijai 7, New Petchburi Road, Bangkok, 10310, Thailand
Phone: +66.2.310.3000

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Competitors

Chularat Hospital PCL
Srivichaivejvivat Public Co. Ltd.
Wattana Karnpaet PCL

Last Updated on 25 Sep, 2020