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Ladprao General Hospital Public Company (LPH) Fair Value & Analysis

Healthcare · TH · Market cap 2.6B THB

LG Ladprao General Hospital Public Company LPH · BK
Price3.60 THB
Fair Value5.00 THB
Upside+38.9%
Quality76/100
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Healthy Growth
Thin margins · 7.7% net margin
Low debt · generates free cash flow
4.97% dividend yield
Ranks above peers (12/14)
Moderate moat 46/100
Evidence: Medium Range 3.60 THB – 6.41 THB Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from 6.01 THB to 5.00 THB (−16.8%) since Jun 24, 2026. Share price +1.1% over the past month.

A strong business, screening 39% undervalued on our models.

What matters now

  • The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from 3.60 THB (bear) to 6.41 THB (bull), base 5.00 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 76/100 (high quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

5.53 THB 3.23 THB Fair Value 5.00 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 3.23 THB – 5.53 THB · fair‑value band 3.60 THB – 6.41 THB · the 3.60 THB price screens below the 5.00 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Ladprao General Hospital Public Company (LPH) currently trades at 3.60 THB, while our model-based Fair Value estimate is 5.00 THB, implying the stock looks roughly 38.9% undervalued today. The Quality Score stands at 76/100 (high 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, Ladprao General Hospital Public Company generated revenue of 2.6B THB at a net margin of 7.7%. Revenue declined 1.4% year over year. It earns a return on equity of 11.7%. Net debt stands at 450M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 3.60 THB (bear case) to 6.41 THB (bull case); at 3.60 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 15% below its 52-week high and 7% 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 39%, LPH 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
Growth DCF 5.97 THB 8.88 THB 12.96 THB 80
Residual Income 2.38 THB 2.62 THB 3.55 THB 76
Rev-Margin DCF 3.99 THB 6.01 THB 8.41 THB 74
All 26 models by family
DCF Models
FCF DCF 5.91 THB 9.29 THB 14.37 THB 38
Owner Earnings 4.38 THB 6.87 THB 10.63 THB 31
5Y Revenue Exit 3.99 THB 5.96 THB 8.44 THB 39
5Y EBITDA Exit 5.96 THB 9.72 THB 14.16 THB 41
5Y P/E Exit 4.72 THB 7.37 THB 10.16 THB 38
10Y Revenue Exit 4.55 THB 6.53 THB 9.14 THB 36
10Y EBITDA Exit 5.88 THB 9.11 THB 13.49 THB 37
10Y P/E Exit 5.11 THB 7.49 THB 10.45 THB 35
Earnings-Based
Graham-Dodd 1.86 THB 6.39 THB 8.58 THB 54
Lynch FV 1.48 THB 2.11 THB 2.74 THB 50
PEG = 1.0 1.48 THB 2.11 THB 2.74 THB 46
EPV 2.74 THB 3.17 THB 3.54 THB 59
Dividend Discount
Gordon GGM 1.58 THB 3.15 THB 4.77 THB 70
DDM Multi-Stage 1.58 THB 2.69 THB 3.33 THB 61
Multiples
P/E Multiple 4.51 THB 6.01 THB 7.51 THB 63
P/S Multiple 3.48 THB 4.64 THB 5.80 THB 58
P/B Multiple 3.48 THB 4.64 THB 5.80 THB 55
EV/EBIT 4.26 THB 5.66 THB 7.07 THB 53
EV/EBITDA 6.68 THB 8.89 THB 11.10 THB 54
EV/Revenue 3.05 THB 4.34 THB 5.63 THB 43
Asset-Based
NCAV (Graham) 1.36 THB 1.83 THB 2.72 THB 50
Growth DCF
Growth DCF 5.97 THB 8.88 THB 12.96 THB 80
Rev-Margin DCF 3.99 THB 6.01 THB 8.41 THB 74
Economic Profit
Residual Income 2.38 THB 2.62 THB 3.55 THB 76
ROIC Compounder 2.75 THB 3.45 THB 4.35 THB 72
Growth Earnings
Growth-Adj P/E 3.84 THB 5.49 THB 7.13 THB 68

Widest divergence: DCF Models (7.37 THB) versus Asset-Based (1.83 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.6B THB
Revenue growth (YoY) -1.4%
Net margin 7.7%
Return on equity 11.7%
Free cash flow 382M THB FY2025
P/E ratio 13.4
More key figures
Operating margin 8.2%
EPS (TTM) 0.2700 THB
Dividend yield 5.0%
EPS growth (YoY) +14.2%
Net debt 450M THB FY2025

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

Quality Score breakdown

Overall quality 76/100

Of which business quality 74 · Market factors (momentum, volatility) 53

Profitability 48
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 82
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

Ladprao General Hospital Public Company Limited, together with its subsidiaries, engages in the hospital business in Thailand. The company operates in two segments, Hospital and Scientific Testing & Inspection & Quality System Certification.

Full company description

Ladprao General Hospital Public Company Limited, together with its subsidiaries, engages in the hospital business in Thailand. The company operates in two segments, Hospital and Scientific Testing & Inspection & Quality System Certification. It is involved in the operation of hospitals, specialty medical centers, facilities participating in the social security program, and health centers. The company also offers medical services and packages for various applications, including orthopedic, gastrointestinal and liver, beauty and laser, eyes disease, pediatric, hear, women's health, ENT, surgery, health checkup, brain and nervous system, rehabilitation medicine and physical therapy, dental, skin, internal medicine, lasik, diabetic and chronic wounds, and social security. In addition, it provides scientific analytical and diagnostic services for food and agricultural, pharmaceutical, and environmental covering product analysis, calibration of instruments, inspections, and certifications in accordance with quality systems and international standards, such as consulting and training. Further, the company engages in health mobile checkup; nurse services in factories and agencies; sale of health and medical products; support and development of health-related businesses and associated real estate; and provision of research, development, cultivation, and distribution of herbal products for medical benefits. Ladprao General Hospital Public Company Limited was founded in 1990 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ladprao General Hospital Public Company reported revenue of 2.6B THB in FY2025 versus 2.5B THB in FY2021, a compound +0.8%/yr. Reported net income was 197M THB in FY2025, compounding −19.3%/yr from FY2021.

Growth Quality 75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.6B THB
Latest YoY
+7.8%
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.
+2.3%
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.
+7.5%
Avg. growth/yr (14Y) 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.
+9.1%
Revenue +0.8%/yr
FY21 2.5B THB
FY22 2.4B THB
FY23 2.2B THB
FY24 2.4B THB
FY25 2.6B THB
Net income −19.3%/yr
FY21 465M THB
FY22 323M THB
FY23 63.6M THB
FY24 78.2M THB
FY25 197M THB
Character of growth · EPS growth decomposed (2014-2025) −2.0 % p.a.
Revenue per share +6.1 pp

of which total revenue +7.7 pp · buybacks/dilution −1.6 pp

EBIT margin −6.2 pp
Tax rate +1.2 pp
Residual (interest, one-offs) −3.2 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). "Ladprao General Hospital Public Company Fair Value". https://www.fairvalue-calculator.com/stock/LPH

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 76 · Top 25%
Fair Value upside +39% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 6% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 8% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 5.0% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 13.4× · Cheaper than median
P/B 1.33× · Cheaper than median
P/S (TTM) 1.00× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 5.9× · Cheaper 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 85 · sector 23
FUTURE 0 · sector 24
PAST 47 · sector 30
HEALTH 98 · sector 90
DIVIDEND 99 · sector 38

Insider activity: 45/100

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 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 Ladprao General Hospital Public Company (LPH) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 5.00 THB versus a price of 3.60 THB, about +39% (undervalued).
What is the fair value of LPH?
Our model-based fair value for Ladprao General Hospital Public Company is 5.00 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 3.60 THB.
What is the quality score of LPH?
Ladprao General Hospital Public Company has a Quality Score of 76/100. 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 Ladprao General Hospital Public Company (LPH)?
Ladprao General Hospital Public Company reported trailing-twelve-month revenue of about 2.6B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of LPH?
The net profit margin of Ladprao General Hospital Public Company is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does Ladprao General Hospital Public Company pay a dividend?
Ladprao General Hospital Public Company currently shows a dividend yield of about 5.08% relative to its recent price (as of Jul 16, 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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