Mahachai Hospital Public Company Limited (M-CHAI) - Net Assets
Based on the latest financial reports, Mahachai Hospital Public Company Limited (M-CHAI) has net assets worth ฿3.29 Billion THB (≈ $102.61 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 (฿11.27 Billion ≈ $351.28 Million USD) and total liabilities (฿7.98 Billion ≈ $248.67 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 M-CHAI cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.29 Billion |
| % of Total Assets | 29.21% |
| Annual Growth Rate | 10.94% |
| 5-Year Change | 17.72% |
| 10-Year Change | 192.1% |
| Growth Volatility | 17.66 |
Mahachai Hospital Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Mahachai Hospital Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Mahachai Hospital Public Company Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for Mahachai Hospital Public Company Limited (2000–2024)
The table below shows the annual net assets of Mahachai Hospital Public Company Limited from 2000 to 2024. For live valuation and market cap data, see how much is Mahachai Hospital Public Company Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.28 Billion ≈ $102.22 Million |
-1.17% |
| 2023-12-31 | ฿3.32 Billion ≈ $103.44 Million |
+2.28% |
| 2022-12-31 | ฿3.24 Billion ≈ $101.13 Million |
+6.46% |
| 2021-12-31 | ฿3.05 Billion ≈ $94.99 Million |
+9.40% |
| 2020-12-31 | ฿2.79 Billion ≈ $86.83 Million |
-5.26% |
| 2019-12-31 | ฿2.94 Billion ≈ $91.66 Million |
+0.27% |
| 2018-12-31 | ฿2.93 Billion ≈ $91.41 Million |
+33.85% |
| 2017-12-31 | ฿2.19 Billion ≈ $68.29 Million |
+53.47% |
| 2016-12-31 | ฿1.43 Billion ≈ $44.50 Million |
+27.16% |
| 2015-12-31 | ฿1.12 Billion ≈ $35.00 Million |
+19.46% |
| 2014-12-31 | ฿939.82 Million ≈ $29.29 Million |
+6.40% |
| 2013-12-31 | ฿883.33 Million ≈ $27.53 Million |
+14.12% |
| 2012-12-31 | ฿774.01 Million ≈ $24.13 Million |
+15.32% |
| 2011-12-31 | ฿671.19 Million ≈ $20.92 Million |
+12.04% |
| 2010-12-31 | ฿599.05 Million ≈ $18.67 Million |
-27.43% |
| 2009-12-31 | ฿825.49 Million ≈ $25.73 Million |
+10.18% |
| 2008-12-31 | ฿749.21 Million ≈ $23.35 Million |
+61.54% |
| 2007-12-31 | ฿463.79 Million ≈ $14.46 Million |
+3.79% |
| 2006-12-31 | ฿446.86 Million ≈ $13.93 Million |
+6.33% |
| 2005-12-31 | ฿420.27 Million ≈ $13.10 Million |
+10.78% |
| 2004-12-31 | ฿379.36 Million ≈ $11.82 Million |
+5.07% |
| 2003-12-31 | ฿361.07 Million ≈ $11.25 Million |
+5.00% |
| 2002-12-31 | ฿343.88 Million ≈ $10.72 Million |
+14.66% |
| 2001-12-31 | ฿299.92 Million ≈ $9.35 Million |
+10.44% |
| 2000-12-31 | ฿271.57 Million ≈ $8.46 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Mahachai Hospital 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 9055.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.89 Billion | 84.76% |
| Common Stock | ฿160.00 Million | 7.17% |
| Other Comprehensive Income | ฿16.00 Million | 0.72% |
| Other Components | ฿163.92 Million | 7.35% |
| Total Equity | ฿2.23 Billion | 100.00% |
Mahachai Hospital Public Company Limited Competitors by Market Cap
The table below lists competitors of Mahachai Hospital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sat Nusapersada Tbk
JK:PTSN
|
$95.29 Million |
|
Lumos Diagnostics Holdings Ltd
AU:LDX
|
$95.32 Million |
|
Investcorp India Acquisition Corp. Class A ordinary share
NASDAQ:IVCA
|
$95.33 Million |
|
Skardin Industrial
TWO:3466
|
$95.34 Million |
|
R. Stahl AG NA O.N.
F:RSL2
|
$95.25 Million |
|
Bunzl PLC
LSE:BNZL
|
$95.25 Million |
|
Tex Year Industries Inc
TW:4720
|
$95.25 Million |
|
Scully Royalty Ltd
F:MB01
|
$95.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mahachai Hospital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,230,560,492 to 2,230,993,370, a change of 432,878 (0.0%).
- Net income of 71,847,036 contributed positively to equity growth.
- Dividend payments of 111,741,320 reduced retained earnings.
- Other factors increased equity by 40,327,162.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿71.85 Million | +3.22% |
| Dividends Paid | ฿111.74 Million | -5.01% |
| Other Changes | ฿40.33 Million | +1.81% |
| Total Change | ฿- | 0.02% |
Book Value vs Market Value Analysis
This analysis compares Mahachai Hospital 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: 1.37x
- 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 7.52x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿2.54 | ฿19.10 | x |
| 2006-12-31 | ฿2.69 | ฿19.10 | x |
| 2007-12-31 | ฿2.80 | ฿19.10 | x |
| 2008-12-31 | ฿3.04 | ฿19.10 | x |
| 2009-12-31 | ฿3.27 | ฿19.10 | x |
| 2010-12-31 | ฿3.60 | ฿19.10 | x |
| 2011-12-31 | ฿4.05 | ฿19.10 | x |
| 2012-12-31 | ฿4.73 | ฿19.10 | x |
| 2013-12-31 | ฿5.40 | ฿19.10 | x |
| 2014-12-31 | ฿5.76 | ฿19.10 | x |
| 2015-12-31 | ฿6.89 | ฿19.10 | x |
| 2016-12-31 | ฿8.56 | ฿19.10 | x |
| 2017-12-31 | ฿8.78 | ฿19.10 | x |
| 2018-12-31 | ฿8.74 | ฿19.10 | x |
| 2019-12-31 | ฿8.92 | ฿19.10 | x |
| 2020-12-31 | ฿8.77 | ฿19.10 | x |
| 2021-12-31 | ฿12.09 | ฿19.10 | x |
| 2022-12-31 | ฿13.82 | ฿19.10 | x |
| 2023-12-31 | ฿13.94 | ฿19.10 | x |
| 2024-12-31 | ฿13.94 | ฿19.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mahachai Hospital 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): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.08%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 5.33x
- Recent ROE (3.22%) is below the historical average (11.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.80% | 2.92% | 0.88x | 1.87x | ฿-14.00 Million |
| 2001 | 7.61% | 3.96% | 0.85x | 2.25x | ฿-6.76 Million |
| 2002 | 16.05% | 8.08% | 0.99x | 2.00x | ฿19.52 Million |
| 2003 | 12.43% | 5.89% | 1.15x | 1.83x | ฿8.44 Million |
| 2004 | 9.57% | 4.42% | 1.19x | 1.82x | ฿-1.58 Million |
| 2005 | 13.52% | 5.92% | 1.12x | 2.04x | ฿14.16 Million |
| 2006 | 11.50% | 4.50% | 1.25x | 2.05x | ฿6.41 Million |
| 2007 | 9.07% | 3.62% | 1.19x | 2.11x | ฿-4.15 Million |
| 2008 | 11.58% | 4.64% | 1.09x | 2.29x | ฿7.63 Million |
| 2009 | 11.53% | 4.78% | 1.09x | 2.21x | ฿7.95 Million |
| 2010 | 14.35% | 5.94% | 1.20x | 2.01x | ฿25.04 Million |
| 2011 | 16.32% | 7.22% | 1.18x | 1.91x | ฿40.96 Million |
| 2012 | 19.42% | 8.91% | 1.17x | 1.87x | ฿70.72 Million |
| 2013 | 18.05% | 8.87% | 1.05x | 1.95x | ฿69.06 Million |
| 2014 | 12.90% | 6.54% | 1.01x | 1.95x | ฿26.53 Million |
| 2015 | 15.33% | 8.77% | 0.87x | 2.02x | ฿58.26 Million |
| 2016 | 12.74% | 8.14% | 0.67x | 2.32x | ฿37.20 Million |
| 2017 | 11.50% | 7.09% | 0.51x | 3.21x | ฿20.95 Million |
| 2018 | 9.51% | 5.63% | 0.42x | 4.05x | ฿-6.79 Million |
| 2019 | 8.09% | 4.61% | 0.39x | 4.47x | ฿-27.28 Million |
| 2020 | -3.64% | -1.99% | 0.23x | 8.06x | ฿-191.42 Million |
| 2021 | 6.31% | 2.60% | 0.38x | 6.36x | ฿-71.36 Million |
| 2022 | 17.42% | 6.39% | 0.50x | 5.45x | ฿164.18 Million |
| 2023 | 12.95% | 4.36% | 0.54x | 5.47x | ฿65.87 Million |
| 2024 | 3.22% | 1.08% | 0.56x | 5.33x | ฿-151.25 Million |
Industry Comparison
This section compares Mahachai Hospital 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: $5,288,381,762
- Average return on equity (ROE) among peers: 15.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mahachai Hospital Public Company Limited (M-CHAI) | ฿3.29 Billion | 4.80% | 2.42x | $95.25 Million |
| Aikchol Hospital Public Company Limited (AHC) | $2.07 Billion | 13.11% | 0.19x | $64.48 Million |
| Bangkok Chain Hospital Public Company Limited (BCH) | $13.70 Billion | 10.26% | 0.29x | $722.94 Million |
| Bangkok Chain Hospital Public Company Limited (BCH-R) | $4.67 Billion | 11.18% | 1.14x | $1.03 Billion |
| Bangkok Dusit Medical Services Public Company Limited (BDMS) | $1.96 Billion | 9.18% | 1.26x | $9.06 Billion |
| Bumrungrad Hospital PCL (BH) | $4.87 Billion | 24.48% | 0.67x | $4.47 Billion |
| Bumrungrad Hospital Public Company Limited (BH-R) | $16.70 Billion | 23.61% | 0.41x | $4.61 Billion |
| Chularat Hospital Public Company Limited (CHG) | $4.19 Billion | 20.91% | 0.48x | $490.29 Million |
| Chularat Hospital Public Company Limited (CHG-R) | $2.97 Billion | 18.13% | 0.20x | $589.72 Million |
| Chiang Mai Ram Medical Business Public Company Limited (CMR) | $1.67 Billion | 12.28% | 0.76x | $163.69 Million |
| Dental Corporation Public Company Limited (D) | $82.57 Million | 14.90% | 1.80x | $30.08 Million |
About Mahachai Hospital Public Company Limited
Mahachai Hospital Public Company Limited, together with its subsidiaries, operates private hospitals in Thailand. The company operates its hospitals under the Mahachai, Mahachai 2, Mahachai Petcharat, Mahachai 3, Mahachai Maeklong, Med Park, and Mahachai Prompathya names. It is also involved in the trading of medical and other supplies. Mahachai Hospital Public Company Limited was incorporated in… Read more