Thonburi Medical Centre Public Company Limited (KDH) - Net Assets

Latest as of September 2025: ฿880.47 Million THB ≈ $27.44 Million USD

Based on the latest financial reports, Thonburi Medical Centre Public Company Limited (KDH) has net assets worth ฿880.47 Million THB (≈ $27.44 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.08 Billion ≈ $33.60 Million USD) and total liabilities (฿197.58 Million ≈ $6.16 Million USD). 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. Check Thonburi Medical Centre Public Company L strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿880.47 Million
% of Total Assets	81.67%
Annual Growth Rate	4.47%
5-Year Change	71.67%
10-Year Change	68.9%
Growth Volatility	31.05

Thonburi Medical Centre Public Company Limited - Net Assets Trend (2001–2024)

This chart illustrates how Thonburi Medical Centre Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Thonburi Medical Centre Public Company L.

Annual Net Assets for Thonburi Medical Centre Public Company Limited (2001–2024)

The table below shows the annual net assets of Thonburi Medical Centre Public Company Limited from 2001 to 2024. Also explore KDH shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	฿802.40 Million ≈ $25.01 Million	+13.86%
2023-12-31	฿704.74 Million ≈ $21.97 Million	+14.84%
2022-12-31	฿613.69 Million ≈ $19.13 Million	+20.93%
2021-12-31	฿507.48 Million ≈ $15.82 Million	+8.57%
2020-12-31	฿467.42 Million ≈ $14.57 Million	-2.19%
2019-12-31	฿477.91 Million ≈ $14.90 Million	+4.86%
2018-12-31	฿455.76 Million ≈ $14.21 Million	+6.40%
2017-12-31	฿428.36 Million ≈ $13.35 Million	-4.93%
2016-12-31	฿450.56 Million ≈ $14.04 Million	-5.16%
2015-12-31	฿475.07 Million ≈ $14.81 Million	-7.86%
2014-12-31	฿515.61 Million ≈ $16.07 Million	-5.93%
2013-12-31	฿548.09 Million ≈ $17.08 Million	+113.26%
2012-12-31	฿257.00 Million ≈ $8.01 Million	-6.69%
2011-12-31	฿275.42 Million ≈ $8.58 Million	+11.10%
2010-12-31	฿247.91 Million ≈ $7.73 Million	-4.73%
2009-12-31	฿260.22 Million ≈ $8.11 Million	-9.35%
2008-12-31	฿287.05 Million ≈ $8.95 Million	-18.83%
2007-12-31	฿353.62 Million ≈ $11.02 Million	-0.48%
2006-12-31	฿355.33 Million ≈ $11.08 Million	-43.54%
2005-12-31	฿629.35 Million ≈ $19.62 Million	-9.90%
2004-12-31	฿698.46 Million ≈ $21.77 Million	+16.04%
2003-12-31	฿601.91 Million ≈ $18.76 Million	+81.44%
2002-12-31	฿331.73 Million ≈ $10.34 Million	+13.08%
2001-12-31	฿293.37 Million ≈ $9.14 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thonburi Medical Centre 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 735.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿213.48 Million	26.61%
Common Stock	฿193.84 Million	24.16%
Other Comprehensive Income	฿22.50 Million	2.80%
Other Components	฿372.58 Million	46.43%
Total Equity	฿802.40 Million	100.00%

Thonburi Medical Centre Public Company Limited Competitors by Market Cap

The table below lists competitors of Thonburi Medical Centre Public Company Limited ranked by their market capitalization.

Company	Market Cap
Bowler Metcalf Ltd JSE:BCF	$50.91 Million
Sensus Healthcare Inc NASDAQ:SRTS	$50.92 Million
Ardiden Ltd AU:ADV	$50.94 Million
Nano X Imaging Ltd NASDAQ:NNOX	$50.94 Million
TMP Steel TWO:6248	$50.88 Million
Supra Boga Lestari Tbk JK:RANC	$50.88 Million
Getty Copper Inc. V:GTC	$50.87 Million
Matriks Bilgi Dagitim Hizmetleri AS IS:MTRKS	$50.86 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 704,738,260 to 802,402,235, a change of 97,663,975 (13.9%).
Net income of 140,635,916 contributed positively to equity growth.
Dividend payments of 38,162,181 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿140.64 Million	+17.53%
Dividends Paid	฿38.16 Million	-4.76%
Other Changes	฿-4.81 Million	-0.6%
Total Change	฿-	13.86%

Book Value vs Market Value Analysis

This analysis compares Thonburi Medical Centre 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: 2.04x
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 4.50x to 2.04x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	฿18.70	฿84.25	x
2003-12-31	฿36.17	฿84.25	x
2004-12-31	฿34.99	฿84.25	x
2005-12-31	฿34.76	฿84.25	x
2006-12-31	฿18.35	฿84.25	x
2007-12-31	฿23.13	฿84.25	x
2008-12-31	฿18.46	฿84.25	x
2009-12-31	฿17.01	฿84.25	x
2010-12-31	฿16.18	฿84.25	x
2011-12-31	฿17.97	฿84.25	x
2012-12-31	฿16.80	฿84.25	x
2013-12-31	฿35.21	฿84.25	x
2014-12-31	฿26.60	฿84.25	x
2015-12-31	฿24.51	฿84.25	x
2016-12-31	฿23.24	฿84.25	x
2017-12-31	฿22.10	฿84.25	x
2018-12-31	฿23.51	฿84.25	x
2019-12-31	฿24.65	฿84.25	x
2020-12-31	฿24.11	฿84.25	x
2021-12-31	฿26.18	฿84.25	x
2022-12-31	฿31.66	฿84.25	x
2023-12-31	฿36.36	฿84.25	x
2024-12-31	฿41.39	฿84.25	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thonburi Medical Centre 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): 17.53%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.78%
• Asset Turnover: 1.01x
• Equity Multiplier: 1.27x
Recent ROE (17.53%) is above the historical average (4.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	1.72%	1.45%	0.54x	2.18x	฿-18.15 Million
2002	14.85%	10.54%	0.74x	1.91x	฿12.49 Million
2003	5.36%	7.11%	0.54x	1.38x	฿-24.54 Million
2004	5.55%	7.28%	0.57x	1.33x	฿-23.88 Million
2005	5.50%	7.41%	0.56x	1.33x	฿-23.94 Million
2006	7.70%	4.86%	1.10x	1.44x	฿-6.45 Million
2007	24.92%	17.57%	1.21x	1.17x	฿52.76 Million
2008	-1.33%	-1.10%	1.03x	1.17x	฿-32.52 Million
2009	-7.43%	-6.02%	1.03x	1.20x	฿-45.35 Million
2010	-1.94%	-1.39%	1.18x	1.19x	฿-29.60 Million
2011	12.71%	13.81%	0.81x	1.14x	฿7.47 Million
2012	5.17%	4.51%	0.96x	1.19x	฿-12.42 Million
2013	-11.00%	-18.69%	0.47x	1.24x	฿-115.09 Million
2014	-6.30%	-9.39%	0.54x	1.25x	฿-84.05 Million
2015	-9.19%	-9.85%	0.67x	1.38x	฿-91.16 Million
2016	-5.44%	-3.98%	0.98x	1.40x	฿-69.57 Million
2017	-5.18%	-3.28%	1.13x	1.39x	฿-65.04 Million
2018	6.83%	4.06%	1.22x	1.38x	฿-14.47 Million
2019	5.19%	2.62%	1.52x	1.30x	฿-22.99 Million
2020	-1.92%	-1.31%	1.18x	1.25x	฿-55.73 Million
2021	7.44%	5.02%	1.15x	1.29x	฿-13.01 Million
2022	13.21%	7.63%	1.32x	1.31x	฿19.67 Million
2023	14.98%	8.95%	1.34x	1.24x	฿35.11 Million
2024	17.53%	13.78%	1.01x	1.27x	฿60.40 Million

Industry Comparison

This section compares Thonburi Medical Centre 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: $10,989,653,071
Average return on equity (ROE) among peers: 15.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thonburi Medical Centre Public Company Limited (KDH)	฿880.47 Million	1.72%	0.22x	$50.90 Million
Aikchol Hospital Public Company Limited (AHC)	$2.09 Billion	6.07%	0.17x	$56.07 Million
Bangkok Chain Hospital Public Company Limited (BCH)	$5.91 Billion	15.51%	1.14x	$870.55 Million
Bangkok Chain Hospital Public Company Limited (BCH-R)	$6.98 Billion	16.26%	1.02x	$1.03 Billion
Bangkok Dusit Medical Services Public Company Limited (BDMS)	$65.87 Billion	15.51%	0.86x	$9.86 Billion
Bumrungrad Hospital PCL (BH)	$20.01 Billion	24.68%	0.21x	$4.89 Billion
Bumrungrad Hospital Public Company Limited (BH-R)	$3.63 Billion	30.20%	0.83x	$4.61 Billion
Chularat Hospital Public Company Limited (CHG)	$955.79 Million	17.94%	0.31x	$548.58 Million
Chularat Hospital Public Company Limited (CHG-R)	$3.74 Billion	16.93%	0.52x	$589.72 Million
Chiang Mai Ram Medical Business Public Company Limited (CMR)	$231.79 Million	13.02%	0.17x	$159.89 Million
Dental Corporation Public Company Limited (D)	$478.31 Million	-1.63%	1.35x	$32.21 Million

About Thonburi Medical Centre Public Company Limited

BK:KDH Thailand Medical Care Facilities

Market Cap

$50.90 Million

฿1.63 Billion THB

Market Cap Rank

#21920 Global

#379 in Thailand

Share Price

฿84.25

Change (1 day)

-0.30%

52-Week Range

฿81.00 - ฿89.75

All Time High

฿128.61