Master Style PCL

MASTER · BK · Healthcare / Medical Care Facilities

8.25THB-0.20 (-2.37%)

Price History

Full chart

Market Stats

Previous Close8.45

Open8.30

Day Range8.25 – 8.55

52-Week Range6.85 – 12.08

Volume590.84K

Market Cap2.47B

P/E (TTM)11.39

Forward P/E0.00

EPS0.72

Dividend Yield4.88%

Beta0.92

50-Day Avg8.80

200-Day Avg8.78

About

Master Style Public Company Limited operates a cosmetic surgery hospital under the Masterpiece Hospital name in Thailand. The company offers surgical services, including rhinoplasty; eye, eyebrow, and forehead lifts; vaser liposuction and body transformation; tummy tuck; facial restructuring; eye; and other beauty surgeries. It also provides hair transplant and treatment services; skin care and laser treatments; after-surgery and hair transplant services, such as after breast augmentation surgery program, after liposuction surgery program, and after hair transplantation program; and after surgery self-care products comprising support bra for breast augmentation surgery, forehead bandage for eyebrow lift surgery, and other products. In addition, the company engages in the trading of cosmetic products. Master Style Public Company Limited was founded in 2012 and is headquartered in Bangkok, Thailand.

Company Details

SectorHealthcare
IndustryMedical Care Facilities
CEOMs. Praphawarin Longngam
Employees0
Headquarters99/19 Sukhothai Road, Bangkok, Thailand, 10300, Thailand
Websitehttps://www.master-plc.com

Leadership

Mr. Phisut NumsaCFO & Director · b. 1981
Ms. Praphawarin LongngamCEO & Director · b. 1980
Ms. Rati DiwitayaVice Chief Operating Officer
Ms. Wilawan LekhasakChief Accountant · b. 1991
Mr. Puvanart JangjamyarnVice Chief Administrative Officer · b. 1985
Ms. Parichart BoonchaleawCompany Secretary · b. 1986
Mr. Suparoek JeebkratokeInternal Audit Officer
Mr. Nutchapol YainagnanVice Chief Financial Officer

Financials

Income Statement

Currency: THB	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	211.02M	427.73M	611.06M	659.51M	1.48B	1.92B	2.14B	1.88B
Growth (%)	-	+102.70%	+42.86%	+7.93%	+124.80%	+29.28%	+11.39%	-11.72%
Cost of Revenue	146.01M	235.20M	301.15M	311.65M	646.80M	784.87M	855.48M	969.25M
Gross Profit	65.01M	192.53M	309.91M	347.86M	835.79M	1.13B	1.28B	915.57M
Gross Margin	30.81%	45.01%	50.72%	52.75%	56.37%	59.05%	59.93%	48.58%
Operating Expense	61.01M	103.79M	142.40M	136.66M	457.27M	607.09M	680.78M	655.82M
Operating Income	4.00M	88.74M	167.51M	211.20M	378.53M	524.80M	598.81M	259.76M
Operating Margin	1.90%	20.75%	27.41%	32.02%	25.53%	27.38%	28.05%	13.78%
EBITDA	12.92M	104.15M	190.88M	242.19M	421.58M	574.55M	783.47M	416.70M
EBITDA Margin	6.12%	24.35%	31.24%	36.72%	28.44%	29.98%	36.70%	22.11%
Net Income	4.47M	71.60M	128.55M	162.80M	300.92M	416.30M	522.45M	198.00M
Net Income Margin	2.12%	16.74%	21.04%	24.68%	20.30%	21.72%	24.47%	10.50%
Interest Expense	76.63K	808.08K	5.48M	6.92M	9.12M	13.88M	18.46M	29.29M
Interest Expense % of Total Revenue	0.04%	0.19%	0.90%	1.05%	0.62%	0.72%	0.86%	1.55%

Balance Sheet

Currency: THB	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	53.51M	220.31M	489.95M	599.94M	946.71M	3.64B	4.52B	4.29B
Total Liabilities	28.68M	162.19M	233.60M	433.29M	542.96M	646.05M	1.01B	834.85M
Total Equity	24.83M	58.12M	256.35M	166.64M	403.75M	2.99B	3.51B	3.45B
Cash	15.87M	79.60M	171.27M	181.51M	97.77M	626.90M	191.02M	110.48M
Total Debt	-	12.14M	134.78M	147.88M	306.59M	295.28M	694.19M	593.42M
Net Debt	-15.87M	-67.46M	-36.49M	-33.63M	208.82M	-331.62M	503.17M	482.94M

Cash Flow

Currency: THB	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	226.20M	172.41M	218.26M	384.84M	462.28M	528.82M	301.47M
Investing Cash Flow	-31.30M	-62.36M	-98.94M	-228.61M	-2.06B	-1.34B	-39.90M
Financing Cash Flow	-131.91M	-18.37M	-109.08M	-239.97M	2.13B	376.47M	-342.10M
Capital Expenditure	29.70M	12.35M	16.44M	208.71M	746.35M	480.32M	32.82M
Free Cash Flow	196.51M	160.06M	201.82M	176.13M	-284.08M	48.50M	268.65M
Dividends Paid	61.50M	0	101.00M	416.02M	74.66M	4.19M	241.33M
FCF to OCF	86.87%	92.84%	92.47%	45.77%	-61.45%	9.17%	89.11%
Dividend Paid to FCF	31.30%	0.00%	50.04%	236.20%	-26.28%	8.64%	89.83%

Earnings

Report Date	Mar 1, 2023	May 31, 2023	Aug 28, 2023	Nov 14, 2023	Feb 22, 2024	May 15, 2024	Aug 14, 2024	Nov 12, 2024	Feb 25, 2025	May 13, 2025	Aug 12, 2025	Nov 11, 2025	Feb 26, 2026	May 15, 2026	Aug 17, 2026
EPS Estimate	-	-	-	0.30	0.40	0.40	0.40	0.37	0.71	0.28	0.18	0.14	0.08	-	0.21
EPS Actual	0.26	0.25	0.27	0.37	0.46	0.35	0.29	0.36	0.73	0.18	0.17	0.14	0.16	0.20	0.21
Surprise	-	-	-	23.33%	15.00%	-12.50%	-27.50%	-2.70%	2.82%	-35.71%	-5.56%	0.00%	100.00%	-	0.00%
Timing	-	-	After-hours	Pre-market	After-hours	Pre-market	Pre-market	After-hours	After-hours	Pre-market	After-hours	Pre-market	Pre-market	-	-

Key Statistics & Ratios

Market Cap2.47B

Enterprise Value3.04B

Trailing P/E11.39

Forward P/E0.00

Price / Sales1.35

Price / Book0.76

EPS0.72

Book Value11.46

Revenue (TTM)1.83B

Gross Profit (TTM)976.82M

EBITDA414.38M

Profit Margin11.79%

Operating Margin16.19%

Return on Equity6.32%

Return on Assets3.92%

Shares Outstanding301.71M

Shares Float112.53M

Beta0.92

Dividend Yield4.88%

Dividend Rate0.40

Payout Ratio56.16%

Dividends

20261×

0.40Mar 16, 2026

20251×

0.80Mar 11, 2025

20241×

0.02Mar 19, 2024

20233×

0.01Aug 29, 20230.24Mar 15, 20230.30Mar 14, 2023

Stock Splits

Mar 19, 20248:7
Aug 29, 202311:10