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 2021	THB	USD
Revenue	74,451.34M	2,325.42M
Gross Profit	24,024.38M	750.38M
Operating income	9,960.76M	311.11M
Income before tax	10,572.63M	330.22M
Net income	7,936.07M	247.87M
EBITDA	16,281.76M	508.54M
Diluted EPS	0.49	0.01
Dividends Per Share	0.45	0.01
Total Assets	128,453.61M	3,845.34M
Total liabilities	40,688.68M	1,218.04M
Total equity	83,845.19M	2,509.95M
Operating cash flow	14,582.51M	455.47M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	71,932.50M	77,372.94M	82,722.64M	68,074.07M	74,451.34M
Gross Profit	22,972.27M	25,897.19M	27,429.92M	20,567.89M	24,024.38M
Operating income	9,469.41M	10,873.02M	10,999.35M	7,541.99M	9,960.76M
Income before tax	11,720.93M	10,697.20M	18,860.17M	10,127.67M	10,572.63M
Net income	10,215.73M	9,191.46M	15,517.17M	7,214.23M	7,936.07M
EBITDA	14,637.11M	16,221.38M	16,705.06M	13,953.99M	16,281.76M
Diluted EPS	0.65	0.59	0.98	0.45	0.49
Dividends Per Share	0.36	0.32	0.55	0.55	0.45
Total Assets	122,626.69M	133,498.75M	133,661.73M	136,050.25M	128,453.61M
Total liabilities	56,755.57M	60,335.52M	46,480.11M	44,587.55M	40,688.68M
Total equity	63,071.19M	70,045.26M	83,813.43M	87,910.18M	83,845.19M
Operating cash flow	11,447.12M	15,317.43M	15,096.82M	12,279.21M	14,582.51M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	2,119.80M	2,393.42M	2,664.62M	2,175.22M	2,325.42M
Gross Profit	676.97M	801.09M	883.55M	657.22M	750.38M
Operating income	279.05M	336.34M	354.30M	240.99M	311.11M
Income before tax	345.40M	330.90M	607.51M	323.61M	330.22M
Net income	301.05M	284.32M	499.83M	230.52M	247.87M
EBITDA	431.34M	501.78M	538.09M	445.88M	508.54M
Diluted EPS	0.01	0.01	0.03	0.01	0.01
Dividends Per Share	0.01	0.00	0.01	0.01	0.01
Total Assets	3,762.70M	4,100.08M	4,462.27M	4,541.06M	3,845.34M
Total liabilities	1,741.50M	1,853.05M	1,551.72M	1,488.23M	1,218.04M
Total equity	1,935.29M	2,151.26M	2,798.09M	2,934.25M	2,509.95M
Operating cash flow	337.33M	473.82M	486.29M	392.36M	455.47M

Valuation Measures

Dec 2021
PER	46.05
ROA	6.00%
ROE	9.24%
Operating margin	13.37%
Profit margin	10.65%

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

Krungsri Asset Management Co., Ltd. (0.7%)
Norges Bank Investment Management (0.5%)
TMB Asset Management Co., Ltd. (0.3%)
JPMorgan Asset Management (Singapore) Ltd. (0.3%)
APG Asset Management NV (0.3%)
TOBAM SAS (0.2%)
Handelsbanken Fonder AB (0.1%)
Sjunde AP-fonden (0.1%)
Genesis Investment Management LLP (0.1%)
The Caisse de depot et placement du Quebec (0.0%)

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

Chiang Mai Ram Medical Business Public Co. Ltd.
Chularat Hospital PCL
Srivichaivejvivat Public Co. Ltd.
Wattana Karnpaet PCL

Last Updated on 5 Jul, 2022