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 on October 30, 1969 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2018	THB	USD
Revenue	78,417.27M	2,425.73M
Gross Profit	25,897.19M	801.09M
Operating income	10,873.02M	336.34M
Income before tax	10,697.20M	330.90M
Net income	9,191.46M	284.32M
EBITDA	16,221.38M	501.78M
Diluted EPS	0.59	0.01
Dividends Per Share	0.32	0.00
Total Assets	133,498.75M	4,100.08M
Total liabilities	60,335.52M	1,853.05M
Total equity	70,045.26M	2,151.26M
Operating cash flow	15,317.43M	473.82M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	56,053.59M	62,834.39M	67,903.50M	71,932.50M	78,417.27M
Gross Profit	19,580.21M	20,850.01M	21,685.69M	22,972.27M	25,897.19M
Operating income	8,311.80M	9,037.19M	8,982.50M	9,469.41M	10,873.02M
Income before tax	8,275.80M	8,971.01M	9,324.20M	11,720.93M	10,697.20M
Net income	7,393.52M	8,020.71M	8,386.47M	10,215.73M	9,191.46M
EBITDA	12,028.20M	13,385.72M	13,785.72M	14,600.30M	16,221.38M
Diluted EPS	0.48	0.52	0.54	0.66	0.59
Dividends Per Share	0.23	0.26	0.29	0.36	0.32
Total Assets	93,369.65M	103,128.97M	107,014.51M	122,626.69M	133,498.75M
Total liabilities	44,957.08M	48,717.43M	49,295.19M	57,249.76M	60,335.52M
Total equity	46,194.62M	51,913.39M	55,133.03M	62,577.01M	70,045.26M
Operating cash flow	11,013.37M	13,682.53M	12,953.25M	11,447.12M	15,317.43M

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	1,725.59M	1,833.36M	1,924.67M	2,119.80M	2,425.73M
Gross Profit	602.77M	608.35M	614.66M	676.97M	801.09M
Operating income	255.87M	263.68M	254.60M	279.05M	336.34M
Income before tax	254.76M	261.75M	264.28M	345.40M	330.90M
Net income	227.60M	234.02M	237.70M	301.05M	284.32M
EBITDA	370.28M	390.56M	390.74M	430.26M	501.78M
Diluted EPS	0.01	0.01	0.01	0.01	0.01
Dividends Per Share	0.00	0.00	0.00	0.01	0.00
Total Assets	2,837.98M	2,865.88M	2,988.35M	3,762.70M	4,100.08M
Total liabilities	1,366.47M	1,353.82M	1,376.55M	1,756.66M	1,853.05M
Total equity	1,404.09M	1,442.63M	1,539.57M	1,920.12M	2,151.26M
Operating cash flow	339.04M	399.22M	367.14M	337.33M	473.82M

Valuation Measures

Dec 2018
PER	42.01
ROA	7.17%
ROE	13.86%
Operating margin	13.86%
Profit margin	11.72%

Key executives

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

Shareholders

PRASARTTONG OSOTH PRASERT (16.6%)
Bangkok Airways Public Co., Ltd. (7.0%)
The Viriyah Insurance Public Co., Ltd. (5.9%)
Social Security Office of Thailand (4.0%)
PRASARTTONG OSOTH PORAMAPORN (3.5%)
SUCHARTO CHIROTCHANA (2.3%)
THONGTANG ITTI (1.8%)
THONGTANG ATT (1.5%)
THONGTANG VIORN (1.5%)
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
Wattana Karnpaet PCL

Last Updated on 4 Dec, 2019