Thai Nakarin Hospital Public Company Limited (TNH) - Net Assets

Latest as of October 2025: ฿3.44 Billion THB ≈ $107.19 Million USD

Based on the latest financial reports, Thai Nakarin Hospital Public Company Limited (TNH) has net assets worth ฿3.44 Billion THB (≈ $107.19 Million USD) 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 ≈ $124.76 Million USD) and total liabilities (฿563.40 Million ≈ $17.56 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 Thai Nakarin Hospital Public Company Lim (TNH) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Thai Nakarin Hospital Public Company Lim assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Thai Nakarin Hospital Public Company Lim market capitalisation.

Year Net Assets Change
2025-07-31 ฿3.34 Billion
≈ $104.20 Million		 +9.19%
2024-07-31 ฿3.06 Billion
≈ $95.43 Million		 +11.95%
2023-07-31 ฿2.73 Billion
≈ $85.24 Million		 +10.09%
2022-07-31 ฿2.48 Billion
≈ $77.42 Million		 +15.61%
2021-07-31 ฿2.15 Billion
≈ $66.97 Million		 +11.29%
2020-07-31 ฿1.93 Billion
≈ $60.18 Million		 +8.60%
2019-07-31 ฿1.78 Billion
≈ $55.42 Million		 +13.35%
2018-07-31 ฿1.57 Billion
≈ $48.89 Million		 +18.79%
2017-07-31 ฿1.32 Billion
≈ $41.16 Million		 +15.14%
2016-07-31 ฿1.15 Billion
≈ $35.75 Million		 +17.76%
2015-07-31 ฿973.97 Million
≈ $30.36 Million		 +11.31%
2014-07-31 ฿875.03 Million
≈ $27.27 Million		 +10.22%
2013-07-31 ฿793.91 Million
≈ $24.75 Million		 +11.57%
2012-07-31 ฿711.57 Million
≈ $22.18 Million		 +5.36%
2011-07-31 ฿675.39 Million
≈ $21.05 Million		 +17.50%
2010-07-31 ฿574.81 Million
≈ $17.92 Million		 +11.63%
2009-07-31 ฿514.91 Million
≈ $16.05 Million		 +24.92%
2008-07-31 ฿412.21 Million
≈ $12.85 Million		 +18.90%
2007-07-31 ฿346.69 Million
≈ $10.81 Million		 +26.80%
2006-07-31 ฿273.42 Million
≈ $8.52 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
Range Capital Acquisition Corp. Ordinary Shares
NASDAQ:RANG
 $168.39 Million
Duxton Water Ltd
AU:D2O
 $168.40 Million
Hainan Meilan International Airport Company Limited
F:HAO
 $168.46 Million
Devyser Diagnostics AB
ST:DVYSR
 $168.47 Million
Devsisters corporation
KQ:194480
 $168.30 Million
Meridian Bank
NASDAQ:MRBK
 $168.27 Million
U.S. GoldMining Inc. Common stock
NASDAQ:USGO
 $168.04 Million
Helloworld Travel Ltd
AU:HLO
 $167.93 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: 1.62x
  • 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 18.60x to 1.62x 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 ฿30.00 x
2007-07-31 ฿1.94 ฿30.00 x
2008-07-31 ฿2.28 ฿30.00 x
2009-07-31 ฿2.86 ฿30.00 x
2010-07-31 ฿3.18 ฿30.00 x
2011-07-31 ฿3.75 ฿30.00 x
2012-07-31 ฿3.95 ฿30.00 x
2013-07-31 ฿4.41 ฿30.00 x
2014-07-31 ฿4.86 ฿30.00 x
2015-07-31 ฿5.41 ฿30.00 x
2016-07-31 ฿6.37 ฿30.00 x
2017-07-31 ฿7.34 ฿30.00 x
2018-07-31 ฿8.71 ฿30.00 x
2019-07-31 ฿9.88 ฿30.00 x
2020-07-31 ฿10.73 ฿30.00 x
2021-07-31 ฿11.94 ฿30.00 x
2022-07-31 ฿13.80 ฿30.00 x
2023-07-31 ฿15.19 ฿30.00 x
2024-07-31 ฿17.01 ฿30.00 x
2025-07-31 ฿18.57 ฿30.00 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: $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
Thai Nakarin Hospital Public Company Limited (TNH) ฿3.44 Billion 19.65% 0.16x $168.31 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 Thai Nakarin Hospital Public Company Limited

BK:TNH Thailand Medical Care Facilities
Market Cap
$168.31 Million
฿5.40 Billion THB
Market Cap Rank
#17181 Global
#216 in Thailand
Share Price
฿30.00
Change (1 day)
+0.00%
52-Week Range
฿29.50 - ฿35.00
All Time High
฿40.55
Categories
Companies in Thailand Medical Care Facilities
About

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