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Thai Nakarin Hospital Public Company (TNH) Fair Value & Analysis

Healthcare · TH · Market cap 5.2B THB

TN Thai Nakarin Hospital Public Company TNH · BK
Price28.50 THB
Fair Value43.32 THB
Upside+52.0%
Quality55/100
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Evidence: High Range 29.37 THB – 60.31 THB

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 2 days ago

Share price −4.2% over the past month.

Price vs Fair Value (12 months)

34.37 THB 28.50 THB Fair Value 43.32 THB Apr 2025 Jul 2026

12‑month range 28.50 THB – 34.37 THB · fair‑value band 29.37 THB – 60.31 THB · the 28.50 THB price screens below the 43.32 THB fair value. As of Jul 14, 2026.

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Analysis

Thai Nakarin Hospital Public Company (TNH) currently trades at 28.50 THB, while our model-based Fair Value estimate is 43.32 THB — implying the stock looks roughly 52.0% undervalued today. We read business quality at 55/100 (solid 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: high) — always confirm before acting.

Over the trailing twelve months, Thai Nakarin Hospital Public Company generated revenue of 2.7B THB at a net margin of 11.9%. Revenue declined 5.1% year over year. It earns a return on equity of 9.7%. The balance sheet holds a net cash position of 1.3B THB. Fundamentals as of Jul 14, 2026

Our scenario range runs from 29.37 THB (bear case) to 60.31 THB (bull case); at 28.50 THB, the current price sits below that range. The share trades about 18% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 19% fair-value upside — at 52%, TNH screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 2.7B THB
Revenue growth (YoY) -5.1%
Net margin 11.9%
Return on equity 9.7%
Free cash flow 289M THB FY2025
P/E ratio 15.9
More key figures
Operating margin 11.4%
EPS (TTM) 1.81 THB
Dividend yield 2.1%
EPS growth (YoY) -31.6%
Net cash 1.3B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 14, 2026. TTM = trailing twelve months.

About the company

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 laser, urology clinics, lasik center, rehabilitation, breast care, diabetes and endocrinology clinic, eye, emergency, X-ray ,surgery, obstetrics and gynecology ear, nose, and throat, medicine, nursery, pediatrics, brain, and neurology center. It also engages in health establishment and hotel business; mobile checkup and small healthcare services. In addition, the company provides elderly and dependency care. Thai Nakarin Hospital Public Company Limited was founded in 1993 and is head in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thai Nakarin Hospital Public Company reported revenue of 2.8B THB in FY2025 versus 2.0B THB in FY2021, a compound +7.9%/yr. Reported net income was 395M THB in FY2025, compounding +7.7%/yr from FY2021.

Revenue +7.9%/yr
FY21 2.0B THB
FY22 2.6B THB
FY23 2.4B THB
FY24 2.7B THB
FY25 2.8B THB
Net income +7.7%/yr
FY21 293M THB
FY22 425M THB
FY23 351M THB
FY24 435M THB
FY25 395M THB

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Cite: Fair Value Calculator (2026). "Thai Nakarin Hospital Public Company Fair Value". https://www.fairvalue-calculator.com/stock/TNH

Similar stocks

10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc H1CA34 R$97.60 R$115.75 +19%
Fresenius SE FSNUY $11.27 $8.25 -27%
IHH Healthcare Berhad, an investment holding company, Q0F 2.76 SGD 1.28 SGD -54%
DaVita Inc DVA $198.54 $213.52 +8%
Rede D'Or São Luiz S.A RDOR3 R$33.83 R$46.94 +39%
Tenet Healthcare Corporation THC $164.77 $280.85 +70%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,305 ₹2,546 -69%
Fresenius Medical Care AG FME €37.19 €60.51 +63%
Aier Eye Hospital Group 300015 ¥8.49 ¥10.83 +28%
Bangkok Dusit Medical Services Public Company BDUUF $0.6400 $0.6400 +0%

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Frequently asked questions

Is Thai Nakarin Hospital Public Company (TNH) undervalued?
As of Jul 14, 2026, our model estimates a fair value of 43.32 THB versus a price of 28.50 THB — about +52% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TNH?
Our model-based fair value for Thai Nakarin Hospital Public Company is 43.32 THB (as of Jul 14, 2026), built from audited fundamentals. The current price is 28.50 THB.
What is the quality score of TNH?
Thai Nakarin Hospital Public Company has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Thai Nakarin Hospital Public Company (TNH)?
Thai Nakarin Hospital Public Company reported trailing-twelve-month revenue of about 2.7B THB (latest available figure, as of Jul 14, 2026).
What is the net profit margin of TNH?
The net profit margin of Thai Nakarin Hospital Public Company is about 11.9%, meaning it keeps roughly 11.9% of revenue as net income. Based on the latest reported figures.
Does Thai Nakarin Hospital Public Company pay a dividend?
Thai Nakarin Hospital Public Company currently shows a dividend yield of about 2.02% relative to its recent price (as of Jul 14, 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.