Elevator Pitch
Thailand-listed healthcare services company Bangkok Dusit Medical Services (BDULF) (BDUUF) (BDUUY) [BDMS:TB] currently trades at 39.9 times consensus forward next twelve months P/E and 24.7 times consensus forward next twelve months EV/EBITDA. In comparison, the stock's historical five-year average forward P/E and EV/EBITDA were approximately 40 times and 25 times, respectively. The stock offers a consensus forward FY2020 dividend yield of 1.5%.
I assign a "Neutral" rating to Bangkok Dusit. Increased competition in the Bangkok market and losses from its new wellness center and high-end hospital are