Thai Nakarin Hospital Public Company Limited
Thai Nakarin Hospital Public Company Limited, together with its subsidiaries engages in the hospital business in Thailand. The company offers medical services in the areas of heart, bone and joint, holistic oncology, hemodialysis, hepato-biliary and pancreas, mental health clinics, and traditional chinese medical clinic, as well as operates dental, check up center, gastrointestinal, skin and lase… Read more
Thai Nakarin Hospital Public Company Limited (TNH) - Net Assets
Latest net assets as of October 2025: ฿3.44 Billion THB
Based on the latest financial reports, Thai Nakarin Hospital Public Company Limited (TNH) has net assets worth ฿3.44 Billion THB as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.00 Billion) and total liabilities (฿563.40 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 | ฿3.44 Billion |
| % of Total Assets | 85.92% |
| Annual Growth Rate | 14.08% |
| 5-Year Change | 55.58% |
| 10-Year Change | 191.47% |
| Growth Volatility | 5.36 |
Thai Nakarin Hospital Public Company Limited - Net Assets Trend (2006–2025)
This chart illustrates how Thai Nakarin Hospital 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 Thai Nakarin Hospital Public Company Limited (2006–2025)
The table below shows the annual net assets of Thai Nakarin Hospital Public Company Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | ฿3.34 Billion | +9.19% |
| 2024-07-31 | ฿3.06 Billion | +11.95% |
| 2023-07-31 | ฿2.73 Billion | +10.09% |
| 2022-07-31 | ฿2.48 Billion | +15.61% |
| 2021-07-31 | ฿2.15 Billion | +11.29% |
| 2020-07-31 | ฿1.93 Billion | +8.60% |
| 2019-07-31 | ฿1.78 Billion | +13.35% |
| 2018-07-31 | ฿1.57 Billion | +18.79% |
| 2017-07-31 | ฿1.32 Billion | +15.14% |
| 2016-07-31 | ฿1.15 Billion | +17.76% |
| 2015-07-31 | ฿973.97 Million | +11.31% |
| 2014-07-31 | ฿875.03 Million | +10.22% |
| 2013-07-31 | ฿793.91 Million | +11.57% |
| 2012-07-31 | ฿711.57 Million | +5.36% |
| 2011-07-31 | ฿675.39 Million | +17.50% |
| 2010-07-31 | ฿574.81 Million | +11.63% |
| 2009-07-31 | ฿514.91 Million | +24.92% |
| 2008-07-31 | ฿412.21 Million | +18.90% |
| 2007-07-31 | ฿346.69 Million | +26.80% |
| 2006-07-31 | ฿273.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Nakarin 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 4186.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.12 Billion | 93.46% |
| Other Components | ฿218.54 Million | 6.54% |
| Total Equity | ฿3.34 Billion | 100.00% |
Thai Nakarin Hospital Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Nakarin Hospital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NIIT Limited
NSE:NIITLTD
|
$49.70 Million |
|
SaraminHR Co.Ltd
KQ:143240
|
$49.71 Million |
|
Gateway Mining Ltd
AU:GML
|
$49.71 Million |
|
CCK Consolidated Holdings Bhd
KLSE:7035
|
$49.73 Million |
|
Formosa Oilseed Processing Co Ltd
TW:1225
|
$49.69 Million |
|
Winchester Bancorp, Inc. Common Stock
NASDAQ:WSBK
|
$49.68 Million |
|
Advanced Emissions Solutions Inc
F:OXQ1
|
$49.67 Million |
|
Clarke Inc
PINK:CLKFF
|
$49.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Nakarin Hospital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,061,552,013 to 3,342,926,232, a change of 281,374,219 (9.2%).
- Net income of 394,776,809 contributed positively to equity growth.
- Dividend payments of 108,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 18,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿394.78 Million | +11.81% |
| Dividends Paid | ฿108.00 Million | -3.23% |
| Other Comprehensive Income | ฿-18.00 Million | -0.54% |
| Other Changes | ฿12.60 Million | +0.38% |
| Total Change | ฿- | 9.19% |
Book Value vs Market Value Analysis
This analysis compares Thai Nakarin 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: 1.68x
- 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 19.38x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-07-31 | ฿1.61 | ฿31.25 | x |
| 2007-07-31 | ฿1.94 | ฿31.25 | x |
| 2008-07-31 | ฿2.28 | ฿31.25 | x |
| 2009-07-31 | ฿2.86 | ฿31.25 | x |
| 2010-07-31 | ฿3.18 | ฿31.25 | x |
| 2011-07-31 | ฿3.75 | ฿31.25 | x |
| 2012-07-31 | ฿3.95 | ฿31.25 | x |
| 2013-07-31 | ฿4.41 | ฿31.25 | x |
| 2014-07-31 | ฿4.86 | ฿31.25 | x |
| 2015-07-31 | ฿5.41 | ฿31.25 | x |
| 2016-07-31 | ฿6.37 | ฿31.25 | x |
| 2017-07-31 | ฿7.34 | ฿31.25 | x |
| 2018-07-31 | ฿8.71 | ฿31.25 | x |
| 2019-07-31 | ฿9.88 | ฿31.25 | x |
| 2020-07-31 | ฿10.73 | ฿31.25 | x |
| 2021-07-31 | ฿11.94 | ฿31.25 | x |
| 2022-07-31 | ฿13.80 | ฿31.25 | x |
| 2023-07-31 | ฿15.19 | ฿31.25 | x |
| 2024-07-31 | ฿17.01 | ฿31.25 | x |
| 2025-07-31 | ฿18.57 | ฿31.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Nakarin 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): 11.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.25%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.15x
- Recent ROE (11.81%) is below the historical average (20.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.65% | 7.39% | 1.36x | 1.96x | ฿26.40 Million |
| 2007 | 30.48% | 11.92% | 1.71x | 1.50x | ฿71.00 Million |
| 2008 | 31.18% | 12.64% | 1.85x | 1.33x | ฿87.30 Million |
| 2009 | 34.28% | 15.27% | 1.72x | 1.31x | ฿125.01 Million |
| 2010 | 23.89% | 11.98% | 1.56x | 1.27x | ฿79.82 Million |
| 2011 | 25.55% | 13.89% | 1.49x | 1.24x | ฿105.04 Million |
| 2012 | 20.73% | 11.11% | 1.43x | 1.31x | ฿76.35 Million |
| 2013 | 21.71% | 11.94% | 1.41x | 1.29x | ฿92.95 Million |
| 2014 | 20.47% | 11.39% | 1.41x | 1.27x | ฿91.60 Million |
| 2015 | 21.25% | 12.24% | 1.39x | 1.25x | ฿109.55 Million |
| 2016 | 24.59% | 14.95% | 1.33x | 1.24x | ฿167.35 Million |
| 2017 | 22.01% | 14.90% | 1.21x | 1.22x | ฿158.54 Million |
| 2018 | 22.70% | 16.68% | 1.14x | 1.20x | ฿199.21 Million |
| 2019 | 17.86% | 14.73% | 1.01x | 1.20x | ฿139.74 Million |
| 2020 | 13.28% | 12.76% | 0.89x | 1.16x | ฿63.26 Million |
| 2021 | 13.66% | 14.36% | 0.80x | 1.19x | ฿78.55 Million |
| 2022 | 17.12% | 16.44% | 0.87x | 1.20x | ฿176.95 Million |
| 2023 | 12.82% | 14.66% | 0.75x | 1.16x | ฿77.10 Million |
| 2024 | 14.21% | 16.07% | 0.76x | 1.16x | ฿128.76 Million |
| 2025 | 11.81% | 14.25% | 0.72x | 1.15x | ฿60.48 Million |
Industry Comparison
This section compares Thai Nakarin 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: $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 |
|---|---|---|---|---|
| Thai Nakarin Hospital Public Company Limited (TNH) | ฿3.44 Billion | 19.65% | 0.16x | $49.69 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 |