Chiang Mai Ram Medical Business Public Company Limited

BK:CMR Thailand Medical Care Facilities
Market Cap
$159.67 Million
฿5.54 Billion THB
Market Cap Rank
#25122 Global
#361 in Thailand
Share Price
฿1.36
Change (1 day)
-0.73%
52-Week Range
฿1.11 - ฿1.75
All Time High
฿5.25
Categories
Companies in Thailand Medical Care Facilities
About

Chiang Mai Ram Medical Business Public Company Limited provides medical services in Thailand. It operates hospitals under the Lanna Hospital name, as well as engages in the sales of medicine and medical supplies. The company was founded in 1974 and is headquartered in Chiang Mai, Thailand. Chiang Mai Ram Medical Business Public Company Limited is a subsidiary of Vibhavadi Medical Center Public Co… Read more

Chiang Mai Ram Medical Business Public Company Limited (CMR) - Net Assets

Latest net assets as of September 2025: ฿4.57 Billion THB

Based on the latest financial reports, Chiang Mai Ram Medical Business Public Company Limited (CMR) has net assets worth ฿4.57 Billion THB as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿10.25 Billion) and total liabilities (฿5.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ฿4.57 Billion
% of Total Assets 44.62%
Annual Growth Rate 17.58%
5-Year Change 7.04%
10-Year Change 49.67%
Growth Volatility 51.72

Chiang Mai Ram Medical Business Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how Chiang Mai Ram Medical Business Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Chiang Mai Ram Medical Business Public Company Limited (2003–2024)

The table below shows the annual net assets of Chiang Mai Ram Medical Business Public Company Limited from 2003 to 2024.

Year Net Assets Change
2024-12-31 ฿5.88 Billion -13.99%
2023-12-31 ฿6.83 Billion -13.05%
2022-12-31 ฿7.86 Billion +21.74%
2021-12-31 ฿6.46 Billion +17.57%
2020-12-31 ฿5.49 Billion -1.98%
2019-12-31 ฿5.60 Billion +7.46%
2018-12-31 ฿5.21 Billion -0.99%
2017-12-31 ฿5.27 Billion -0.61%
2016-12-31 ฿5.30 Billion +34.89%
2015-12-31 ฿3.93 Billion +14.76%
2014-12-31 ฿3.42 Billion +14.72%
2013-12-31 ฿2.98 Billion +13.03%
2012-12-31 ฿2.64 Billion +45.80%
2011-12-31 ฿1.81 Billion +8.67%
2010-12-31 ฿1.67 Billion +13.25%
2009-12-31 ฿1.47 Billion +18.00%
2008-12-31 ฿1.25 Billion +242.56%
2007-12-31 ฿363.88 Million +56.99%
2006-12-31 ฿231.79 Million +8.51%
2005-12-31 ฿213.61 Million +5.43%
2004-12-31 ฿202.61 Million +3.36%
2003-12-31 ฿196.03 Million --

Equity Component Analysis

This analysis shows how different components contribute to Chiang Mai Ram Medical Business Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 4353.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿1.79 Billion 47.43%
Common Stock ฿407.11 Million 10.80%
Other Comprehensive Income ฿81.69 Million 2.17%
Other Components ฿1.49 Billion 39.61%
Total Equity ฿3.77 Billion 100.00%

Chiang Mai Ram Medical Business Public Company Limited Competitors by Market Cap

The table below lists competitors of Chiang Mai Ram Medical Business Public Company Limited ranked by their market capitalization.

Company Market Cap
Etherstack Plc
AU:ESK
 		$21.67 Million
Nippon Indosari Corpindo Tbk
JK:ROTI
 		$21.67 Million
Arizona Silver Exploration Inc
OTCQB:AZASF
 		$21.67 Million
Nido Education Ltd
AU:NDO
 		$21.67 Million
M.J. International Co Ltd
TW:8466
 		$21.66 Million
India Tourism Development Corporation Limited
NSE:ITDC
 		$21.66 Million
Gunung Raja Paksi
JK:GGRP
 		$21.65 Million
Agung Podomoro Land Tbk
JK:APLN
 		$21.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Chiang Mai Ram Medical Business Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,375,224,830 to 3,769,333,438, a change of -605,891,392 (-13.8%).
  • Net income of 130,507,399 contributed positively to equity growth.
  • Dividend payments of 310,707,653 reduced retained earnings.
  • Other comprehensive income decreased equity by 1,304,672,954.
  • Other factors increased equity by 878,981,816.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿130.51 Million +3.46%
Dividends Paid ฿310.71 Million -8.24%
Other Comprehensive Income ฿-1.30 Billion -34.61%
Other Changes ฿878.98 Million +23.32%
Total Change ฿- -13.85%

Book Value vs Market Value Analysis

This analysis compares Chiang Mai Ram Medical Business Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.47x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 8.33x to 1.47x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2003-12-31 ฿0.16 ฿1.36 x
2004-12-31 ฿0.17 ฿1.36 x
2005-12-31 ฿0.18 ฿1.36 x
2006-12-31 ฿0.19 ฿1.36 x
2007-12-31 ฿0.16 ฿1.36 x
2008-12-31 ฿0.25 ฿1.36 x
2009-12-31 ฿0.27 ฿1.36 x
2010-12-31 ฿0.31 ฿1.36 x
2011-12-31 ฿0.32 ฿1.36 x
2012-12-31 ฿0.45 ฿1.36 x
2013-12-31 ฿0.51 ฿1.36 x
2014-12-31 ฿0.58 ฿1.36 x
2015-12-31 ฿0.68 ฿1.36 x
2016-12-31 ฿0.88 ฿1.36 x
2017-12-31 ฿0.89 ฿1.36 x
2018-12-31 ฿0.90 ฿1.36 x
2019-12-31 ฿0.92 ฿1.36 x
2020-12-31 ฿0.90 ฿1.36 x
2021-12-31 ฿1.03 ฿1.36 x
2022-12-31 ฿1.24 ฿1.36 x
2023-12-31 ฿1.08 ฿1.36 x
2024-12-31 ฿0.93 ฿1.36 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Chiang Mai Ram Medical Business Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 3.46%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.47%
  • • Asset Turnover: 0.48x
  • • Equity Multiplier: 2.92x
  • Recent ROE (3.46%) is below the historical average (11.36%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 15.97% 13.45% 0.96x 1.24x ฿11.70 Million
2004 10.65% 8.77% 1.02x 1.19x ฿1.33 Million
2005 10.76% 8.55% 1.08x 1.17x ฿1.63 Million
2006 13.02% 10.03% 1.11x 1.17x ฿7.00 Million
2007 9.92% 10.38% 0.82x 1.17x ฿-297.68K
2008 1.47% 1.01% 0.60x 2.44x ฿-86.91 Million
2009 23.67% 15.51% 0.60x 2.54x ฿149.30 Million
2010 16.42% 11.28% 0.62x 2.35x ฿79.99 Million
2011 10.41% 6.94% 0.64x 2.36x ฿5.29 Million
2012 11.62% 9.25% 0.54x 2.33x ฿29.01 Million
2013 17.92% 13.78% 0.53x 2.46x ฿162.17 Million
2014 16.59% 13.35% 0.52x 2.39x ฿153.68 Million
2015 18.35% 15.23% 0.54x 2.22x ฿227.87 Million
2016 10.99% 11.13% 0.42x 2.37x ฿35.03 Million
2017 12.31% 11.75% 0.43x 2.46x ฿82.69 Million
2018 10.38% 9.54% 0.45x 2.40x ฿13.67 Million
2019 8.32% 7.85% 0.39x 2.74x ฿-62.44 Million
2020 5.49% 5.40% 0.34x 3.00x ฿-162.57 Million
2021 7.02% 6.97% 0.33x 3.08x ฿-124.28 Million
2022 10.11% 9.68% 0.37x 2.83x ฿5.39 Million
2023 4.98% 4.30% 0.41x 2.83x ฿-219.77 Million
2024 3.46% 2.47% 0.48x 2.92x ฿-246.43 Million

Industry Comparison

This section compares Chiang Mai Ram Medical Business Public Company Limited's net assets metrics with peer companies in the Medical Care Facilities industry.

Industry Context

  • Industry: Medical Care Facilities
  • Average net assets among peers: $2,628,485,356
  • Average return on equity (ROE) among peers: 27.59%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Chiang Mai Ram Medical Business Public Company Limited (CMR) ฿4.57 Billion 15.97% 1.24x $21.67 Million
Aikchol Hospital Public Company Limited (AHC) $1.55 Billion 9.07% 0.19x $29.59 Million
Bangkok Chain Hospital Public Company Limited (BCH-R) $6.40 Billion 17.03% 0.97x $429.99 Million
Bumrungrad Hospital PCL (BH) $13.10 Billion 26.23% 0.63x $3.50 Billion
Chularat Hospital Public Company Limited (CHG) $1.12 Billion 29.84% 0.38x $205.50 Million
Dental Corporation Public Company Limited (D) $106.33 Million 39.99% 1.05x $9.07 Million
Ekachai Medical Care Public Company Limited (EKH) $953.94 Million 16.80% 0.15x $56.66 Million
Genesis Fertility Center Public Company Limited (GFC) $123.73 Million 56.28% 0.53x $4.77 Million
Mukdahan International Hospital Public Company Limited (HANN) $176.84 Million 15.70% 0.95x $5.00 Million
Intermedical Care and Lab Hospital Public Company Limited (IMH) $123.08 Million 37.33% 0.31x $7.20 Million