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Mukdahan International Hospital Public Company (HANN) Fair Value & Analysis

Healthcare · TH · Market cap 493M THB

MI Mukdahan International Hospital Public Company HANN · BK
Price0.8500 THB
Fair Value0.6700 THB
Upside-21.2%
Quality61/100
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Weak Growth
Thin margins · 0.8% net margin
Low debt · generates free cash flow
Trails peers (3/13)
Narrow moat 29/100
Evidence: Medium Range 0.5000 THB – 0.8300 THB Share as image

Fair value as of: Jul 16, 2026

From 22 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 0.7800 THB to 0.6700 THB (−14.1%) since Jun 24, 2026. Share price −3.4% over the past month.

A solid business, but screening 21% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.8300 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (8 months)

1.16 THB 0.8400 THB Fair Value 0.6700 THB Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.

How to read this chart

8‑month range 0.8400 THB – 1.16 THB · fair‑value band 0.5000 THB – 0.8300 THB · the 0.8500 THB price screens above the 0.6700 THB fair value. As of Jul 16, 2026.

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Analysis

Mukdahan International Hospital Public Company (HANN) currently trades at 0.8500 THB, while our model-based Fair Value estimate is 0.6700 THB, implying the stock looks roughly 21.2% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Mukdahan International Hospital Public Company generated revenue of 452M THB at a net margin of 0.8%. Revenue declined 9.3% year over year. It earns a return on equity of 1.5%. Net debt stands at 50.8M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.5000 THB (bear case) to 0.8300 THB (bull case); at 0.8500 THB, the current price sits above 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 30% below its 52-week high and 2% 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 -21%, HANN screens richer 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
Growth DCF 0.7500 THB 0.9100 THB 1.16 THB 80
Residual Income 0.4100 THB 0.4300 THB 0.4300 THB 76
Rev-Margin DCF 0.5400 THB 0.6500 THB 0.8000 THB 74
All 22 models by family
DCF Models
FCF DCF 0.7300 THB 0.9000 THB 1.19 THB 38
Owner Earnings 0.8400 THB 1.04 THB 1.38 THB 31
5Y Revenue Exit 0.5400 THB 0.6400 THB 0.7800 THB 39
5Y EBITDA Exit 0.8800 THB 1.23 THB 1.70 THB 41
5Y P/E Exit 0.7000 THB 0.9300 THB 1.19 THB 38
10Y Revenue Exit 0.6200 THB 0.6900 THB 0.7700 THB 36
10Y EBITDA Exit 0.8100 THB 1.03 THB 1.26 THB 37
10Y P/E Exit 0.7100 THB 0.8600 THB 0.9900 THB 35
Earnings-Based
Graham-Dodd 0.2700 THB 0.3300 THB 0.3700 THB 54
EPV 0.3300 THB 0.3500 THB 0.3700 THB 59
Multiples
P/E Multiple 0.5900 THB 0.7800 THB 0.9800 THB 63
P/S Multiple 0.5000 THB 0.6700 THB 0.8300 THB 58
P/B Multiple 0.5000 THB 0.6700 THB 0.8300 THB 55
EV/EBIT 0.5100 THB 0.6200 THB 0.7300 THB 53
EV/EBITDA 1.13 THB 1.45 THB 1.77 THB 54
EV/Revenue 0.4000 THB 0.5000 THB 0.5900 THB 43
Asset-Based
NCAV (Graham) 0.2700 THB 0.3600 THB 0.5400 THB 50
Growth DCF
Growth DCF 0.7500 THB 0.9100 THB 1.16 THB 80
Rev-Margin DCF 0.5400 THB 0.6500 THB 0.8000 THB 74
Economic Profit
Residual Income 0.4100 THB 0.4300 THB 0.4300 THB 76
ROIC Compounder 0.3300 THB 0.3500 THB 0.3700 THB 72
Growth Earnings
Growth-Adj P/E 0.4200 THB 0.5900 THB 0.7700 THB 68

Widest divergence: DCF Models (0.9000 THB) versus Earnings-Based (0.3300 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 452M THB
Revenue growth (YoY) -9.3%
Net margin 0.8%
Return on equity 1.5%
Free cash flow 38.5M THB FY2025
P/E ratio 88.0
More key figures
Operating margin 2.0%
EPS (TTM) 0.0100 THB
EPS growth (YoY) -93.4%
Net debt 50.8M THB FY2024

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 36

Profitability 49
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 80
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

Mukdahan International Hospital Public Company Limited operates hospitals in Thailand. The company operates Mukdahan International Hospital, Ruampat Yasothon Hospital, and Dr. Han Hospital.

Full company description

Mukdahan International Hospital Public Company Limited operates hospitals in Thailand. The company operates Mukdahan International Hospital, Ruampat Yasothon Hospital, and Dr. Han Hospital. Its clinics and treatment centers include a physical therapy center, obstetrics and gynecology clinic, urology, pediatric clinic, accident and emergency center, family medicine clinic, general practice clinic, heart specialist clinic, and kidney center. The company also offers medical technology products, such as high-power laser therapy device; peripheral magnetic stimulation; and Fisioline Radiant, a radio frequency therapy device. In addition, it provides health checkup packages and programs comprising influenza vaccine, shingles vaccine, AVF/AVG prepaid package, hepatitis B vaccine package, Baby Love vaccine packages II and III, dengue vaccine package, endoscopy package, and pre-pregnancy health checkup program, as well as vaccine package to prevent hand, foot, and mouth disease. Further, the company is involved in hospital room sales; and medicine and medical supplies sales. Mukdahan International Hospital Public Company Limited was incorporated in 1995 and is headquartered in Mukdahan, Thailand.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

Mukdahan International Hospital Public Company reported revenue of 463M THB in FY2025 versus 527M THB in FY2023, a compound −6.3%/yr. Reported net income was 22.0M THB in FY2025, compounding −11.1%/yr from FY2023.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
463M THB
Latest YoY
−6.0%
Revenue −6.3%/yr
FY23 527M THB
FY24 493M THB
FY25 463M THB
Net income −11.1%/yr
FY23 27.8M THB
FY24 21.2M THB
FY25 22.0M THB

HANN screens 21% overvalued. Compare with HCA Healthcare, Inc →

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Cite: Fair Value Calculator (2026). "Mukdahan International Hospital Public Company Fair Value". https://www.fairvalue-calculator.com/stock/HANN

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 61 · Above median
Fair Value upside −21% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Bottom 25%
Revenue growth -9% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 88.0× · Pricier than 75% of peers
P/B 1.63× · Pricier than median
P/S (TTM) 1.09× · Pricier than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 11.9× · 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 5 · sector 23
FUTURE 0 · sector 24
PAST 6 · sector 30
HEALTH 96 · sector 90
DIVIDEND 0 · sector 38

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 16, 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 Mukdahan International Hospital Public Company (HANN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.6700 THB versus a price of 0.8500 THB, about −21% (overvalued).
What is the fair value of HANN?
Our model-based fair value for Mukdahan International Hospital Public Company is 0.6700 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.8500 THB.
What is the quality score of HANN?
Mukdahan International Hospital Public Company has a Quality Score of 61/100. 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 Mukdahan International Hospital Public Company (HANN)?
Mukdahan International Hospital Public Company reported trailing-twelve-month revenue of about 452M THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of HANN?
The net profit margin of Mukdahan International Hospital Public Company is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.

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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