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Vibhavadi Medical Center Public Company (VIBHA) Fair Value & Analysis

Healthcare · TH · Market cap 18.2B THB

VM Vibhavadi Medical Center Public Company VIBHA · BK
Price1.35 THB
Fair Value1.46 THB
Upside+8.2%
Quality54/100
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Weak Growth
Highly profitable · 31.2% net margin
Low debt · generates free cash flow
4.44% dividend yield
Mixed vs. peers (7/14)
Moderate moat 58/100
Evidence: Medium Range 0.9300 THB – 1.82 THB Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price −1.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.9300 THB to 1.82 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2.63 THB 1.28 THB Fair Value 1.46 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 1.28 THB – 2.63 THB · fair‑value band 0.9300 THB – 1.82 THB · the 1.35 THB price screens below the 1.46 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Vibhavadi Medical Center Public Company (VIBHA) currently trades at 1.35 THB, while our model-based Fair Value estimate is 1.46 THB, implying the stock looks roughly 8.2% fairly valued today. The Quality Score stands at 54/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Vibhavadi Medical Center Public Company generated revenue of 5.7B THB at a net margin of 31.2%. Revenue declined 4.9% year over year. It earns a return on equity of 16.1%. Net debt stands at 6.6B THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.9300 THB (bear case) to 1.82 THB (bull case); at 1.35 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 8%, VIBHA 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 BearBaseBull Evidence
Highest evidence
Growth DCF 0.3300 THB 0.5900 THB 0.9800 THB 80
Residual Income 0.8500 THB 1.04 THB 1.92 THB 76
Rev-Margin DCF 0.2800 THB 0.5500 THB 0.8800 THB 74
All 26 models by family
DCF Models
FCF DCF 0.3200 THB 0.6300 THB 1.11 THB 38
Owner Earnings 0.8700 THB 1.52 THB 2.53 THB 31
5Y Revenue Exit 0.2800 THB 0.5500 THB 0.9100 THB 39
5Y EBITDA Exit 0.4900 THB 0.9700 THB 1.53 THB 41
5Y P/E Exit 1.23 THB 2.38 THB 3.62 THB 38
10Y Revenue Exit 0.2800 THB 0.5300 THB 0.8900 THB 36
10Y EBITDA Exit 0.4300 THB 0.8300 THB 1.38 THB 37
10Y P/E Exit 0.9000 THB 1.82 THB 3.01 THB 35
Earnings-Based
Graham-Dodd 0.8500 THB 2.99 THB 4.02 THB 54
Lynch FV 0.7000 THB 0.9900 THB 1.29 THB 50
PEG = 1.0 0.7000 THB 0.9900 THB 1.29 THB 46
EPV 0.2400 THB 0.3100 THB 0.3700 THB 59
Dividend Discount
Gordon GGM 0.9300 THB 1.93 THB 3.07 THB 70
DDM Multi-Stage 0.9300 THB 1.62 THB 2.03 THB 61
Multiples
P/E Multiple 2.07 THB 2.77 THB 3.46 THB 63
P/S Multiple 1.09 THB 1.46 THB 1.82 THB 58
P/B Multiple 1.60 THB 2.14 THB 2.67 THB 55
EV/EBIT 0.4400 THB 0.6500 THB 0.8500 THB 53
EV/EBITDA 0.6700 THB 0.9400 THB 1.22 THB 54
EV/Revenue 0.2700 THB 0.4600 THB 0.6400 THB 43
Asset-Based
NCAV (Graham) 0.4300 THB 0.5800 THB 0.8600 THB 50
Growth DCF
Growth DCF 0.3300 THB 0.5900 THB 0.9800 THB 80
Rev-Margin DCF 0.2800 THB 0.5500 THB 0.8800 THB 74
Economic Profit
Residual Income 0.8500 THB 1.04 THB 1.92 THB 76
ROIC Compounder 0.2400 THB 0.3100 THB 0.3700 THB 72
Growth Earnings
Growth-Adj P/E 1.78 THB 2.54 THB 3.30 THB 68

Widest divergence: Growth Earnings (2.54 THB) versus Economic Profit (0.3100 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.7B THB
Revenue growth (YoY) -4.9%
Net margin 31.2%
Return on equity 16.1%
Free cash flow 565M THB FY2025
P/E ratio 9.6
More key figures
Operating margin 9.7%
EPS (TTM) 0.1400 THB
Dividend yield 4.4%
EPS growth (YoY) +109%
Net debt 6.6B THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 51 · Market factors (momentum, volatility) 55

Profitability 47
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 73
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 27
Distance to the 52-week high (market factor)
Net Issuance 84
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

Vibhavadi Medical Center Public Company Limited operates a hospital under the Vibhavadi Hospital name in Thailand. It operates through two segments, Hospital General Hospital and Hospital in Social Security; and Others Rental services and rental space. The company provides medical services; and rental services and space rental.

Full company description

Vibhavadi Medical Center Public Company Limited operates a hospital under the Vibhavadi Hospital name in Thailand. It operates through two segments, Hospital General Hospital and Hospital in Social Security; and Others Rental services and rental space. The company provides medical services; and rental services and space rental. It engages in the beauty business; and operation of anti-aging center and specialized disease clinics. The company was founded in 1986 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vibhavadi Medical Center Public Company reported revenue of 5.6B THB in FY2025 versus 7.4B THB in FY2021, a compound −6.6%/yr. Reported net income was 1.7B THB in FY2025, compounding −1.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.6B THB
Latest YoY
−34.3%
Avg. growth/yr (3Y)
−13.3%
Avg. growth/yr (5Y)
−1.4%
Avg. growth/yr (25Y)
+10.6%
Revenue −6.6%/yr
FY21 7.4B THB
FY22 8.6B THB
FY23 8.2B THB
FY24 8.5B THB
FY25 5.6B THB
Net income −1.6%/yr
FY21 1.8B THB
FY22 1.3B THB
FY23 865M THB
FY24 699M THB
FY25 1.7B THB

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Cite: Fair Value Calculator (2026). "Vibhavadi Medical Center Public Company Fair Value". https://www.fairvalue-calculator.com/stock/VIBHA

Peer Group

Medical Care Facilities · 262 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 54 · Below median
Fair Value upside +8% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 10% · Above median
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than 75% of peers
P/B 1.56× · Pricier than median
P/S (TTM) 3.22× · Pricier than 75% of peers
P/FCF 1.0× · Cheaper than median
EV/EBITDA 16.6× · Pricier than 75% of peers

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 44 · sector 22
FUTURE 0 · sector 24
PAST 64 · sector 30
HEALTH 87 · sector 90
DIVIDEND 89 · 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 17, 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 Vibhavadi Medical Center Public Company (VIBHA) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1.46 THB versus a price of 1.35 THB, about +8% (fairly valued).
What is the fair value of VIBHA?
Our model-based fair value for Vibhavadi Medical Center Public Company is 1.46 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 1.35 THB.
What is the quality score of VIBHA?
Vibhavadi Medical Center Public Company has a Quality Score of 54/100. 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 Vibhavadi Medical Center Public Company (VIBHA)?
Vibhavadi Medical Center Public Company reported trailing-twelve-month revenue of about 5.7B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of VIBHA?
The net profit margin of Vibhavadi Medical Center Public Company is about 31.2%, meaning it keeps roughly 31.2% of revenue as net income. Based on the latest reported figures.
Does Vibhavadi Medical Center Public Company pay a dividend?
Vibhavadi Medical Center Public Company currently shows a dividend yield of about 4.41% relative to its recent price (as of Jul 17, 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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