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Ekachai Medical Care Public Company (EKH) Fair Value & Analysis

Healthcare · TH · Market cap 4.0B THB

EM Ekachai Medical Care Public Company EKH · BK
Price5.00 THB
Fair Value5.83 THB
Upside+16.6%
Quality45/100
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Expensive Growth
Highly profitable · 20.7% net margin
Low debt · negative free cash flow
5.94% dividend yield
Ranks above peers (8/13)
Moderate moat 62/100
Evidence: Medium Range 4.08 THB – 7.58 THB Share as image

Fair value as of: Jul 18, 2026

From 16 valuation models · updated 23 days ago

Share price −1.0% over the past month.

Below-average quality, screening 17% undervalued on our models.

What matters now

  • A fairly wide model range (4.08 THB to 7.58 THB) leaves room in how you read the outcome.
  • Our model range runs from 4.08 THB (bear) to 7.58 THB (bull), base 5.83 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

7.02 THB 3.73 THB Fair Value 5.83 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 3.73 THB – 7.02 THB · fair‑value band 4.08 THB – 7.58 THB · the 5.00 THB price screens below the 5.83 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Ekachai Medical Care Public Company (EKH) currently trades at 5.00 THB, while our model-based Fair Value estimate is 5.83 THB, implying the stock looks roughly 16.6% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Ekachai Medical Care Public Company generated revenue of 1.3B THB at a net margin of 20.6%. Revenue grew 6.3% year over year. It earns a return on equity of 10.3%. The balance sheet holds a net cash position of 551M THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 4.08 THB (bear case) to 7.58 THB (bull case); at 5.00 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at 17%, EKH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 2.66 THB 2.97 THB 4.32 THB 76
ROIC Compounder 3.57 THB 4.43 THB 5.59 THB 72
Gordon GGM 2.44 THB 4.87 THB 7.37 THB 70
All 16 models by family
Earnings-Based
Graham-Dodd 2.23 THB 9.16 THB 12.47 THB 54
Lynch FV 2.30 THB 3.29 THB 4.28 THB 50
PEG = 1.0 2.30 THB 3.29 THB 4.28 THB 46
EPV 3.40 THB 3.82 THB 4.18 THB 59
Dividend Discount
Gordon GGM 2.44 THB 4.87 THB 7.37 THB 70
DDM Multi-Stage 2.44 THB 4.21 THB 5.14 THB 61
Multiples
P/E Multiple 5.41 THB 7.21 THB 9.02 THB 63
P/S Multiple 4.07 THB 5.42 THB 6.78 THB 58
P/B Multiple 4.18 THB 5.57 THB 6.97 THB 55
EV/EBIT 5.52 THB 7.10 THB 8.67 THB 53
EV/EBITDA 5.79 THB 7.46 THB 9.13 THB 54
EV/Revenue 4.04 THB 5.43 THB 6.83 THB 43
Asset-Based
NCAV (Graham) 1.48 THB 1.99 THB 2.96 THB 50
Economic Profit
Residual Income 2.66 THB 2.97 THB 4.32 THB 76
ROIC Compounder 3.57 THB 4.43 THB 5.59 THB 72
Growth Earnings
Growth-Adj P/E 4.08 THB 5.83 THB 7.58 THB 68

Widest divergence: Growth Earnings (5.83 THB) versus Asset-Based (1.99 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.3B THB
Revenue growth (YoY) +6.3%
Net margin 20.6%
Return on equity 10.3%
Free cash flow −46.9M THB FY2025
P/E ratio 15.6
More key figures
Operating margin 25.1%
EPS (TTM) 0.3200 THB
Dividend yield 6.0%
EPS growth (YoY) -2.1%
Net cash 551M THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 48 · Market factors (momentum, volatility) 56

Profitability 50
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 20
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ekachai Medical Care Public Company Limited, together with its subsidiaries, operates Ekachai hospital in Thailand. The company offers various surgeries comprising face and neck lift; forehead augmentation; eyelid and ear correction; nose reshaping; breast lifting, implants, reduction with implants, and lifting without implants; nipple-areolar; preventive …

Full company description

Ekachai Medical Care Public Company Limited, together with its subsidiaries, operates Ekachai hospital in Thailand. The company offers various surgeries comprising face and neck lift; forehead augmentation; eyelid and ear correction; nose reshaping; breast lifting, implants, reduction with implants, and lifting without implants; nipple-areolar; preventive mastectomy; male breast reduction; mastectomy; power assisted and body tite liposuction; lipofilling; body contouring; female genetical cosmetic; and gender reassugnment. It also operates cosmetic surgery; EKI-IVF Fertility and genetic; ophthalmology; obstertrics and gynaecology; pediatrics; orthopedics; general surgery; emergency; health promotion; hemodialysis; dental; physical; pre employment and mobile checkup; internal medicine; aesthetic and dermatology; and child and teen development centers. In addition, the company provides infertility and elderly care centers; and operates psychiatric hospitals, and specialized hospitals for elders. Ekachai Medical Care Public Company Limited was incorporated in 2003 and is based in Mueang Samut Sakhon, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ekachai Medical Care Public Company reported revenue of 1.2B THB in FY2025 versus 1.1B THB in FY2021, a compound +2.0%/yr. Reported net income was 262M THB in FY2025, compounding −6.6%/yr from FY2021.

Growth Quality 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.2B THB
Latest YoY
−5.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.6%
Revenue +2.0%/yr
FY21 1.1B THB
FY22 1.0B THB
FY23 1.2B THB
FY24 1.3B THB
FY25 1.2B THB
Net income −6.6%/yr
FY21 345M THB
FY22 551M THB
FY23 297M THB
FY24 280M THB
FY25 262M THB
Character of growth · EPS growth decomposed (2014-2025) +15.5 % p.a.
Revenue per share +7.7 pp

of which total revenue +12.0 pp · buybacks/dilution −4.2 pp

EBIT margin +6.0 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +1.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Ekachai Medical Care Public Company Fair Value". https://www.fairvalue-calculator.com/stock/EKH

Peer Group

Medical Care Facilities · 261 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Below median
Fair Value upside +17% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 6% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 5.9% · Top 25%

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 15.6× · Cheaper than median
P/B 1.69× · Pricier than median
P/S (TTM) 3.21× · Pricier than 75% of peers
EV/EBITDA 9.1× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 55 · sector 23
FUTURE 11 · sector 24
PAST 41 · sector 30
HEALTH 100 · sector 90
DIVIDEND 100 · sector 38

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is Ekachai Medical Care Public Company (EKH) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 5.83 THB versus a price of 5.00 THB, about +17% (undervalued).
What is the fair value of EKH?
Our model-based fair value for Ekachai Medical Care Public Company is 5.83 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 5.00 THB.
What is the quality score of EKH?
Ekachai Medical Care Public Company has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Ekachai Medical Care Public Company (EKH)?
Ekachai Medical Care Public Company reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of EKH?
The net profit margin of Ekachai Medical Care Public Company is about 20.6%, meaning it keeps roughly 20.6% of revenue as net income. Based on the latest reported figures.
Does Ekachai Medical Care Public Company pay a dividend?
Ekachai Medical Care Public Company currently shows a dividend yield of about 6.02% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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