Bangkok Dusit Medical Services Public Co. Ltd.
In the news
- Thailand attracts hordes of Chinese patients despite COVID Jul 22, 2020
- Thai hospital group targets wealthy in tie-up with Chinese insurer Jun 29, 2020
- Bangkok virtual hospital finds opportunity in lockdown Jun 6, 2020
- Thai companies need better governance as foreign funds pour in Nov 3, 2019
- Fee caps force Thai hospitals to focus on rich foreign patients Sep 2, 2019 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
Financial Highlights
| Dec 2020 | THB | USD |
| Revenue | 68,074.07M | 2,175.22M |
| Gross Profit | 20,567.89M | 657.22M |
| Operating income | 7,541.99M | 240.99M |
| Income before tax | 10,127.67M | 323.61M |
| Net income | 7,214.23M | 230.52M |
| EBITDA | 13,953.99M | 445.88M |
| Diluted EPS | 0.45 | 0.01 |
| Dividends Per Share | 0.55 | 0.01 |
| Total Assets | 136,050.25M | 4,541.06M |
| Total liabilities | 44,587.55M | 1,488.23M |
| Total equity | 87,910.18M | 2,934.25M |
| Operating cash flow | 12,279.21M | 392.36M |
| Currency in THB | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 67,903.50M | 71,932.50M | 77,372.94M | 82,722.64M | 68,074.07M |
| Gross Profit | 21,685.69M | 22,972.27M | 25,897.19M | 27,429.92M | 20,567.89M |
| Operating income | 8,982.50M | 9,469.41M | 10,873.02M | 10,999.35M | 7,541.99M |
| Income before tax | 9,324.20M | 11,720.93M | 10,697.20M | 18,860.17M | 10,127.67M |
| Net income | 8,386.47M | 10,215.73M | 9,191.46M | 15,517.17M | 7,214.23M |
| EBITDA | 13,786.30M | 14,637.11M | 16,221.38M | 16,705.06M | 13,953.99M |
| Diluted EPS | 0.54 | 0.65 | 0.59 | 0.98 | 0.45 |
| Dividends Per Share | 0.29 | 0.36 | 0.32 | 0.55 | 0.55 |
| Total Assets | 107,014.51M | 122,626.69M | 133,498.75M | 133,661.73M | 136,050.25M |
| Total liabilities | 48,709.66M | 56,755.57M | 60,335.52M | 46,480.11M | 44,587.55M |
| Total equity | 55,718.56M | 63,071.19M | 70,045.26M | 83,813.43M | 87,910.18M |
| Operating cash flow | 12,953.25M | 11,447.12M | 15,317.43M | 15,096.82M | 12,279.21M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 1,924.67M | 2,119.80M | 2,393.42M | 2,664.62M | 2,175.22M |
| Gross Profit | 614.66M | 676.97M | 801.09M | 883.55M | 657.22M |
| Operating income | 254.60M | 279.05M | 336.34M | 354.30M | 240.99M |
| Income before tax | 264.28M | 345.40M | 330.90M | 607.51M | 323.61M |
| Net income | 237.70M | 301.05M | 284.32M | 499.83M | 230.52M |
| EBITDA | 390.76M | 431.34M | 501.78M | 538.09M | 445.88M |
| Diluted EPS | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 |
| Dividends Per Share | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 |
| Total Assets | 2,988.35M | 3,762.70M | 4,100.08M | 4,462.27M | 4,541.06M |
| Total liabilities | 1,360.20M | 1,741.50M | 1,853.05M | 1,551.72M | 1,488.23M |
| Total equity | 1,555.92M | 1,935.29M | 2,151.26M | 2,798.09M | 2,934.25M |
| Operating cash flow | 367.14M | 337.33M | 473.82M | 486.29M | 392.36M |
Valuation Measures
| Dec 2020 | |
| PER | 45.81 |
| ROA | 5.34% |
| ROE | 8.40% |
| Operating margin | 11.07% |
| Profit margin | 10.59% |
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
- Chief Medical Officer: Trin Charumilind
- Secretary & Vice President: Kessara Wongsekate
Shareholders
- PRASARTTONG OSOTH PRASERT (15.7%)
- 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 (3.2%)
- SUCHARTO CHIROTCHANA (2.3%)
- THONGTANG ITTI (1.6%)
- THONGTANG VIORN (1.3%)
- THONGTANG ATT (1.0%)
- THONGTAENG ATTIKHUN (0.9%)
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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- Bangkok Save Drug Co. Ltd.
- Bangkok Phuket International Hospital Co. Ltd.
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Competitors
- Chularat Hospital PCL
- Srivichaivejvivat Public Co. Ltd.
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Last Updated on 23 Sep, 2021
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