Mahachai Hospital Public Company Limited (M-CHAI) - Net Assets

Latest as of December 2025: ฿3.26 Billion THB ≈ $101.62 Million USD

Based on the latest financial reports, Mahachai Hospital Public Company Limited (M-CHAI) has net assets worth ฿3.26 Billion THB (≈ $101.62 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿11.06 Billion ≈ $344.76 Million USD) and total liabilities (฿7.80 Billion ≈ $243.14 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 Mahachai Hospital Public Company Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿3.26 Billion
% of Total Assets	29.48%
Annual Growth Rate	10.45%
5-Year Change	6.98%
10-Year Change	128.37%
Growth Volatility	17.49

Mahachai Hospital Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Mahachai Hospital Public Company Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Mahachai Hospital Public Company Limited fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Mahachai Hospital Public Company Limited (2000–2025)

The table below shows the annual net assets of Mahachai Hospital Public Company Limited from 2000 to 2025. For live valuation and market cap data, see how much is Mahachai Hospital Public Company Limited worth.

Year	Net Assets	Change
2025-12-31	฿3.26 Billion ≈ $101.62 Million	-0.59%
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 9640.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿2.01 Billion	90.08%
Other Components	฿221.60 Million	9.92%
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
MCOT Public Company Limited F:OLU1	$93.79 Million
Euro India Fresh Foods Limited NSE:EIFFL	$93.79 Million
PT Mulia Industrindo Tbk JK:MLIA	$93.80 Million
Forsys Metals Corp. TO:FSY	$93.83 Million
Fortune Mate Indonesia Tbk JK:FMII	$93.75 Million
Merck Tbk JK:MERK	$93.72 Million
Tae Kyung Ind KO:015890	$93.69 Million
ALT5 Sigma Corporation NASDAQ:ALTS	$93.69 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 2024 to 2025, total equity changed from 2,230,993,370 to 2,233,547,504, a change of 2,554,134 (0.1%).
Net income of 152,791,131 contributed positively to equity growth.
Dividend payments of 39,876,878 reduced retained earnings.
Other comprehensive income decreased equity by 16,000,000.
Other factors decreased equity by 94,360,119.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿152.79 Million	+6.84%
Dividends Paid	฿39.88 Million	-1.79%
Other Comprehensive Income	฿-16.00 Million	-0.72%
Other Changes	฿-94.36 Million	-4.22%
Total Change	฿-	0.11%

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: 1.35x
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 7.40x to 1.35x 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	฿18.80	x
2006-12-31	฿2.69	฿18.80	x
2007-12-31	฿2.80	฿18.80	x
2008-12-31	฿3.04	฿18.80	x
2009-12-31	฿3.27	฿18.80	x
2010-12-31	฿3.60	฿18.80	x
2011-12-31	฿4.05	฿18.80	x
2012-12-31	฿4.73	฿18.80	x
2013-12-31	฿5.40	฿18.80	x
2014-12-31	฿5.76	฿18.80	x
2015-12-31	฿6.89	฿18.80	x
2016-12-31	฿8.56	฿18.80	x
2017-12-31	฿8.78	฿18.80	x
2018-12-31	฿8.74	฿18.80	x
2019-12-31	฿8.92	฿18.80	x
2020-12-31	฿8.77	฿18.80	x
2021-12-31	฿12.09	฿18.80	x
2022-12-31	฿13.82	฿18.80	x
2023-12-31	฿13.94	฿18.80	x
2024-12-31	฿13.94	฿18.80	x
2025-12-31	฿13.96	฿18.80	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): 6.84%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.34%
• Asset Turnover: 0.59x
• Equity Multiplier: 4.95x
Recent ROE (6.84%) is below the historical average (11.11%), 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
2025	6.84%	2.34%	0.59x	4.95x	฿-70.56 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: $8,950,789,602
Average return on equity (ROE) among peers: 19.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mahachai Hospital Public Company Limited (M-CHAI)	฿3.26 Billion	4.80%	2.39x	$93.76 Million
Aikchol Hospital Public Company Limited (AHC)	$794.85 Million	10.66%	0.24x	$59.81 Million
Bangkok Chain Hospital Public Company Limited (BCH)	$2.45 Billion	11.45%	0.64x	$726.76 Million
Bangkok Chain Hospital Public Company Limited (BCH-R)	$3.68 Billion	17.34%	0.49x	$1.03 Billion
Bangkok Dusit Medical Services Public Company Limited (BDMS)	$56.18 Billion	14.09%	0.82x	$9.06 Billion
Bumrungrad Hospital PCL (BH)	$4.35 Billion	36.92%	0.72x	$4.61 Billion
Bumrungrad Hospital Public Company Limited (BH-R)	$14.79 Billion	24.52%	0.44x	$4.61 Billion
Chularat Hospital Public Company Limited (CHG)	$3.47 Billion	16.28%	0.43x	$517.72 Million
Chularat Hospital Public Company Limited (CHG-R)	$3.47 Billion	16.28%	0.43x	$589.72 Million
Chiang Mai Ram Medical Business Public Company Limited (CMR)	$213.61 Million	10.76%	0.17x	$162.42 Million
Dental Corporation Public Company Limited (D)	$106.33 Million	39.99%	1.05x	$30.93 Million

About Mahachai Hospital Public Company Limited

BK:M-CHAI Thailand Medical Care Facilities

Market Cap

$93.76 Million

฿3.01 Billion THB

Market Cap Rank

#19513 Global

#281 in Thailand

Share Price

฿18.80

Change (1 day)

+0.53%

52-Week Range

฿15.80 - ฿23.50

All Time High

฿884036.77