Financials PT Siloam International Hospitals Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
2,290 ^IDR	-10.20%		-11.58%	+5.05%

Mar. 25	PT Siloam International Hospitals Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	PT Siloam International Hospitals Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,299,071	8,935,473	13,855,190	16,314,920	28,271,704	29,739,777	-	-
Enterprise Value (EV) ²	10,988	8,583	12,505	15,761	27,733	29,317	29,218	29,740
P/E ratio	-33.4 x	76.9 x	20.6 x	17.8 x	23.5 x	21.3 x	19.4 x	15.4 x
Yield	-	-	-	-	-	1.54%	1.72%	1.86%
Capitalization / Revenue	1.61 x	1.26 x	1.48 x	1.71 x	2.53 x	2.37 x	2.16 x	1.9 x
EV / Revenue	1.57 x	1.21 x	1.33 x	1.66 x	2.48 x	2.34 x	2.12 x	1.9 x
EV / EBITDA	13 x	7.35 x	6.44 x	7.94 x	10.4 x	9.78 x	8.61 x	7.07 x
EV / FCF	79.8 x	8.82 x	8.88 x	31.2 x	-	38.5 x	38.1 x	22.8 x
FCF Yield	1.25%	11.3%	11.3%	3.2%	-	2.6%	2.63%	4.38%
Price to Book	1.9 x	1.5 x	2.16 x	2.35 x	3.58 x	3.36 x	2.96 x	2.54 x
Nbr of stocks (in thousands)	13,006,125	12,997,052	12,926,125	12,948,349	12,968,672	12,986,802	-	-
Reference price ³	868.8	687.5	1,072	1,260	2,180	2,290	2,290	2,290
Announcement Date	5/29/20	4/1/21	3/29/22	5/2/23	3/25/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,018	7,110	9,382	9,518	11,191	12,545	13,782	15,683
EBITDA ¹	843.2	1,168	1,940	1,984	2,671	2,996	3,393	4,208
EBIT ¹	-100.3	390.6	1,019	1,022	1,728	2,134	2,327	2,809
Operating Margin	-1.43%	5.49%	10.86%	10.74%	15.44%	17.01%	16.88%	17.91%
Earnings before Tax (EBT) ¹	-149.5	310.6	972.9	984.3	1,666	1,923	2,094	2,616
Net income ¹	-338.8	116.2	674.1	696.5	1,211	1,397	1,531	1,930
Net margin	-4.83%	1.63%	7.19%	7.32%	10.82%	11.13%	11.11%	12.3%
EPS ²	-26.05	8.940	52.02	70.59	92.92	107.3	117.9	148.5
Free Cash Flow ³	137,696	972,653	1,408,498	505,036	-	762,000	767,000	1,302,000
FCF margin	1,962.06%	13,679.83%	15,012.94%	5,306.11%	-	6,074.04%	5,565.03%	8,301.74%
FCF Conversion (EBITDA)	16,330.65%	83,302.33%	72,589.41%	25,455.44%	-	25,430.72%	22,606.45%	30,942.72%
FCF Conversion (Net income)	-	837,317.39%	208,939.69%	72,511.07%	-	54,558.47%	50,089.8%	67,478.62%
Dividend per Share ²	-	-	-	-	-	35.35	39.34	42.52
Announcement Date	5/29/20	4/1/21	3/29/22	5/2/23	3/25/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	311	352	1,350	554	539	423	522	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	137,696	972,653	1,408,498	505,036	-	762,000	767,000	1,302,000
ROE (net income / shareholders' equity)	-5.54%	1.95%	10.9%	10.4%	15.5%	15.1%	16%	15.6%
ROA (Net income/ Total Assets)	-4.39%	1.44%	7.6%	7.34%	11.4%	11%	11.6%	12.1%
Assets ¹	7,719	8,085	8,866	9,485	10,663	12,697	13,163	15,946
Book Value Per Share ³	457.0	458.0	497.0	537.0	610.0	682.0	773.0	903.0
Cash Flow per Share	50.10	103.0	157.0	171.0	-	-	-	-
Capex ¹	514	364	625	1,183	1,428	2,308	2,284	2,249
Capex / Sales	7.32%	5.12%	6.66%	12.43%	12.76%	18.4%	16.57%	14.34%
Announcement Date	5/29/20	4/1/21	3/29/22	5/2/23	3/25/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,290 IDR

Average target price

2,812 IDR

Spread / Average Target

+22.78%

	1st Jan change	Capi.
PT SILOAM INTERNATIONAL HOSPITALS TBK	+5.05%	1.83B
AIER EYE HOSPITAL GROUP CO., LTD.	-20.16%	16.21B
BANGKOK DUSIT MEDICAL SERVICES	+4.50%	12.44B
IHH HEALTHCARE	+3.98%	11.58B
APOLLO HOSPITALS ENTERPRISE LIMITED	+9.72%	10.79B
RAMSAY HEALTH CARE LIMITED	+0.17%	7.68B
MOUWASAT MEDICAL SERVICES COMPANY	+18.43%	7.2B
THE ENSIGN GROUP, INC.	+4.49%	6.67B
GLOBAL HEALTH LIMITED	+50.89%	4.66B
DALLAH HEALTHCARE COMPANY	-5.12%	4.25B