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Raffles Medical Group Ltd (BSL.SI)

SGD0.94 +0.00 (+0.00%)
SG SES Healthcare Medical - Care Facilities
Address 585 North Bridge Road 188770
Singapore, SG
CEO Choon Yong Loo
IPO 2000-01-03
ISIN SG1CH4000003

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Also trades on Other OTC · RAFLF (USD) Stock Exchange of Singapore · BSL.SI (SGD)
Description

Raffles Medical Group Ltd (RMG), a prominent Singapore-headquartered company, delivers integrated private healthcare services across Singapore, Greater China, Vietnam, Cambodia, and Japan. Its operations are structured into Healthcare Services, Hospital Services, and Investment Holdings segments. The group's flagship institution, Raffles Hospital, functions as a tertiary care facility, offering a broad spectrum of medical services. These include oncology, pediatrics and women's health, traditional Chinese medicine, counseling, dental care, dialysis, diabetes and endocrinology, ENT, ophthalmology, fertility treatments, cardiology, internal medicine, neuroscience, pain management, rehabilitation, orthopedics, dermatological and aesthetic services, general surgery, nuclear medicine, and urology. Beyond the hospital, RMG provides emergency services, family medicine, comprehensive health screening, and a variety of multi-disciplinary specialist clinic services. Additionally, the company engages in the trade of pharmaceutical and nutraceutical products, and diagnostic equipment. It also offers advisory and consultancy services, develops IT solutions, and undertakes research and experimental development in biotechnology, life sciences, and medical science. The company was founded in 1976.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SGD0.94 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.20
Float Shares
772.57M
Free Float %
42.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.12% +1.05% -3.02% -8.96% -2.53% -5.39% -2.53% -27.44% -15.35% -37.74% +436.11%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.94
DCF (Unlevered) 2.02 +115.2%
DCF (Levered) 2.23 +137.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 86% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.29
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Care Facilities: +10.2%
    +1.8% Q2'25: +3.5% (vs Q2'24)
  • EPS growth Medical - Care Facilities: +19.2%
    +14.1% Q2'25: +6.2% (vs Q2'24)
  • FCF margin FCF growth · Medical - Care Facilities: +32.0%
    +11.2% Q2'25: +14.2% (vs Q2'24)
  • EBIT margin Medical - Care Facilities: +11.3%
    +11.4% Q2'25: +11.0% (vs Q2'24)
  • ROIC Medical - Care Facilities: +6.8%
    +7.8% Q2'25: +7.4% (vs Q2'24)
  • Share dilution Medical - Care Facilities: +0.0%
    -0.4% Q2'25: -1.6% (vs Q2'24)
  • Debt / EBITDA Net debt/EBITDA · Medical - Care Facilities: 0.99×
    0.88× Q2'25: 0.70× (vs Q2'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.21) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.02 Current price: 0.94
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
6 EPS Ana.
Dec 2027
7 Rev. Ana.
6 EPS Ana.
Dec 2028
5 Rev. Ana.
4 EPS Ana.
Revenue
410.54M
est: 407.96M (+0.6%)
473.61M
est: 476.80M (-0.7%)
477.58M
est: 481.30M (-0.8%)
489.14M
est: 497.38M (-1.7%)
522.04M
est: 532.15M (-1.9%)
568.20M
est: 534.34M (+6.3%)
723.79M
est: 705.85M (+2.5%)
822.92M
est: 782.07M (+5.2%)
708.03M
est: 702.97M (+0.7%)
751.56M
est: 752.25M (-0.1%)
765.30M
est: 789.65M (-3.1%)
795.30M
778.02M – 813.98M
+0.7% YoY
831.29M
791.45M – 870.95M
+4.5% YoY
869.02M
868.32M – 869.72M
+4.5% YoY
EBITDA
94.51M
est: 89.32M (+5.8%)
97.75M
est: 104.40M (-6.4%)
96.01M
est: 105.38M (-8.9%)
103.59M
est: 108.90M (-4.9%)
107.13M
est: 116.52M (-8.1%)
125.09M
est: 117.00M (+6.9%)
161.27M
est: 154.55M (+4.3%)
235.87M
est: 171.24M (+37.7%)
132.89M
est: 146.97M (-9.6%)
133.40M
est: 157.27M (-15.2%)
130.65M
est: 165.09M (-20.9%)
166.27M
162.66M – 170.18M
+0.7% YoY
173.79M
165.47M – 182.09M
+4.5% YoY
181.68M
181.54M – 181.83M
+4.5% YoY
EBIT
81.70M
est: 68.52M (+19.2%)
83.08M
est: 80.08M (+3.7%)
81.02M
est: 80.84M (+0.2%)
85.32M
est: 83.54M (+2.1%)
77.87M
est: 89.38M (-12.9%)
89.59M
est: 89.75M (-0.2%)
121.94M
est: 118.55M (+2.9%)
196.74M
est: 131.35M (+49.8%)
108.18M
est: 111.93M (-3.4%)
91.52M
est: 119.78M (-23.6%)
87.26M
est: 125.73M (-30.6%)
126.63M
123.88M – 129.61M
+0.7% YoY
132.36M
126.02M – 138.68M
+4.5% YoY
138.37M
138.26M – 138.48M
+4.5% YoY
Net Income
69.29M
est: 75.28M (-8.0%)
70.21M
est: 76.17M (-7.8%)
70.78M
est: 72.93M (-2.9%)
71.06M
est: 70.57M (+0.7%)
60.27M
est: 59.16M (+1.9%)
65.89M
est: 56.85M (+15.9%)
84.17M
est: 77.14M (+9.1%)
143.21M
est: 122.34M (+17.1%)
90.15M
est: 60.94M (+47.9%)
62.24M
est: 63.71M (-2.3%)
70.57M
est: 70.57M (+0.0%)
72.82M
69.90M – 74.16M
+3.2% YoY
78.73M
73.42M – 92.70M
+8.1% YoY
88.37M
84.87M – 94.30M
+12.2% YoY
SGA
35.77M
est: 36.98M (-3.3%)
46.99M
est: 43.21M (+8.7%)
44.83M
est: 43.62M (+2.8%)
46.70M
est: 45.08M (+3.6%)
41.16M
est: 48.23M (-14.7%)
38.74M
est: 48.43M (-20.0%)
41.65M
est: 63.98M (-34.9%)
103.92M
est: 70.88M (+46.6%)
142.44M
est: 63.46M (+124.5%)
est: 67.90M (-100.0%)
50.78M
est: 71.28M (-28.8%)
71.79M
70.23M – 73.48M
+0.7% YoY
75.04M
71.44M – 78.62M
+4.5% YoY
78.45M
78.38M – 78.51M
+4.5% YoY
EPS
0.04
est: 0.04 (+0.1%)
0.04
est: 0.04 (-1.3%)
0.04
est: 0.04 (+2.6%)
0.04
est: 0.04 (+4.9%)
0.03
est: 0.03 (+4.4%)
0.04
est: 0.03 (+17.2%)
0.05
est: 0.04 (+8.8%)
0.08
est: 0.07 (+17.0%)
0.05
est: 0.03 (+47.9%)
0.03
est: 0.03 (+0.0%)
0.04
est: 0.04 (-1.2%)
0.04
0.04 – 0.04
+2.3% YoY
0.04
0.04 – 0.05
+7.7% YoY
0.05
0.05 – 0.05
+11.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-28 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-26 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-25 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-22 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-21 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-20 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
165.99M
OE per share TTM
0.09
Owner's Yield
9.30%
Maintenance CapEx ratio
33.65%
Maint CapEx / Avg PPE
107.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 55 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
29.2K
Shares Outstanding
1.84B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Choon Yong Loo Executive Chairman & Chief Executive Officer 8M
Qinghui Lu Co-MD of Singapore Healthcare Div., Executive Medical Director & Executive Non Independent Director 611.2K
Kenneth Wu Co-MD of Singapore Healthcare Division
Kimmy Goh Company Secretary & Group Financial Controller female
Joanna Lee Senior Manager of Communications female
Tanie Eio Chief Human Resources Officer female
Terence Foo Chief Technology Officer male
Yeng Yeng Woo Chief Financial Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits