Patrangsit Healthcare Group Public Company Limited
Patrangsit Healthcare Group Public Company Limited operates hospitals in Thailand. The company offers physical therapy, pediatric, eye, psychiatry, child and adolescent psychiatry, dental, pediatric dental, pediatric dermatology, child development clinic, gastrointestinal and liver medicine, pediatric nervous system, orthopedic surgery, chest and heart surgery, general surgery, urology surgery, n… Read more
Patrangsit Healthcare Group Public Company Limited (PHG) - Net Assets
Latest net assets as of June 2024: ฿1.91 Billion THB
Based on the latest financial reports, Patrangsit Healthcare Group Public Company Limited (PHG) has net assets worth ฿1.91 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.26 Billion) and total liabilities (฿348.14 Million). 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 | ฿1.91 Billion |
| % of Total Assets | 84.58% |
| Annual Growth Rate | 59.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 37.44 |
Patrangsit Healthcare Group Public Company Limited - Net Assets Trend (2021–2023)
This chart illustrates how Patrangsit Healthcare Group 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 Patrangsit Healthcare Group Public Company Limited (2021–2023)
The table below shows the annual net assets of Patrangsit Healthcare Group Public Company Limited from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿1.96 Billion | +101.21% |
| 2022-12-31 | ฿975.50 Million | +26.32% |
| 2021-12-31 | ฿772.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Patrangsit Healthcare Group 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 decreased by 13.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿513.87 Million | 26.18% |
| Other Components | ฿1.45 Billion | 73.82% |
| Total Equity | ฿1.96 Billion | 100.00% |
Patrangsit Healthcare Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Patrangsit Healthcare Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunny Pharmtech Inc.
TWO:6676
|
$50.30 Million |
|
Morn Sun Feed Mill Corp
TWO:1240
|
$50.32 Million |
|
Hyundai Hcn
KO:126560
|
$50.33 Million |
|
BYC Co Ltd
KO:001465
|
$50.34 Million |
|
Bastei Lübbe AG
XETRA:BST
|
$50.28 Million |
|
Sierra Madre Gold and Silver Ltd
PINK:SMDRF
|
$50.27 Million |
|
Pullup Entertainment Société anonyme
PA:ALPUL
|
$50.27 Million |
|
Peach Property Group AG
SW:PEAN
|
$50.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patrangsit Healthcare Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 975,498,868 to 1,962,765,548, a change of 987,266,680 (101.2%).
- Net income of 259,471,888 contributed positively to equity growth.
- Dividend payments of 379,996,200 reduced retained earnings.
- New share issuances of 1,140,552,252 increased equity.
- Other factors decreased equity by 32,761,260.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿259.47 Million | +13.22% |
| Dividends Paid | ฿380.00 Million | -19.36% |
| Share Issuances | ฿1.14 Billion | +58.11% |
| Other Changes | ฿-32.76 Million | -1.67% |
| Total Change | ฿- | 101.21% |
Book Value vs Market Value Analysis
This analysis compares Patrangsit Healthcare Group 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: 1.97x
- 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 5.01x to 1.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ฿2.57 | ฿12.90 | x |
| 2022-12-31 | ฿3.25 | ฿12.90 | x |
| 2023-12-31 | ฿6.54 | ฿12.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patrangsit Healthcare Group 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): 13.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.14%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.20x
- Recent ROE (13.22%) is below the historical average (28.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 41.11% | 16.11% | 1.33x | 1.91x | ฿240.25 Million |
| 2022 | 30.05% | 14.37% | 1.26x | 1.66x | ฿195.55 Million |
| 2023 | 13.22% | 12.14% | 0.90x | 1.20x | ฿63.20 Million |
Industry Comparison
This section compares Patrangsit Healthcare Group 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: $2,892,225,945
- Average return on equity (ROE) among peers: 25.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patrangsit Healthcare Group Public Company Limited (PHG) | ฿1.91 Billion | 41.11% | 0.18x | $50.29 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 |
| Chiang Mai Ram Medical Business Public Company Limited (CMR) | $5.27 Billion | 8.36% | 0.67x | $21.67 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 |