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Master Style Public Company Limited (MASTER.BK)

THB9.45 +0.35 (+3.85%)
TH SET Healthcare Medical - Care Facilities
Address 99/19 Sukhothai Road 10300
Bangkok, TH
CEO Raweewat Maschamadol
IPO 2023-01-25
ISIN THB207010000

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Description

Master Style Public Company Limited operates a comprehensive cosmetic surgery facility in Thailand, known as Masterpiece Hospital. This institution offers a broad spectrum of aesthetic procedures, including nasal reshaping (rhinoplasty), eyebrow lifts, facial contouring, breast enhancement or reduction surgeries, body sculpting through liposuction, eye operations, and facial reconstruction. Furthermore, its services extend to hair transplantation and other hair restoration treatments, as well as advanced skincare and laser therapies. The company was founded in 2012 and maintains its primary base of operations in Dusit, Thailand.

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
THB9.45 +0.35 (+3.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
744.6K
Beta
0.99
Float Shares
112.53M
Free Float %
37.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.61% +1.86% -3.53% -27.43% -11.83% +10.07% -37.88% -86.99% -77.59% -77.59% -77.59%
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
9.45
DCF (Unlevered) 15.93 +68.6%
DCF (Levered) 15.25 +61.4%

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) 33% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.71
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Care Facilities: +10.2%
    -11.7% Q1'26: -8.0% (vs Q1'25)
  • EPS growth Medical - Care Facilities: +19.2%
    -61.9% Q1'26: +11.1% (vs Q1'25)
  • FCF margin FCF growth · Medical - Care Facilities: +32.0%
    +14.0% Q1'26: +2.8% (vs Q1'25)
  • EBIT margin Medical - Care Facilities: +11.3%
    +13.8% Q1'26: +12.6% (vs Q1'25)
  • ROIC Medical - Care Facilities: +6.8%
    +4.9% Q1'26: +4.7% (vs Q1'25)
  • Share dilution Medical - Care Facilities: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Care Facilities: 0.99×
    2.12× Q1'26: 1.49× (vs Q1'25)
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 (0.99) × ERP
WACC = 74% × Ke + 26% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 15.83 Current price: 9.45
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 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
3 EPS Ana.
Dec 2027
2 Rev. Ana.
3 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
1.48B
est: 1.38B (+7.5%)
1.92B
est: 2.03B (-5.8%)
2.14B
est: 2.14B (-0.2%)
1.88B
est: 1.91B (-1.1%)
1.92B
1.90B – 1.94B
+0.7% YoY
2.00B
1.99B – 2.00B
+4.1% YoY
2.13B
2.11B – 2.14B
+6.6% YoY
EBITDA
421.58M
est: 449.74M (-6.3%)
574.55M
est: 626.12M (-8.2%)
783.47M
est: 658.76M (+18.9%)
416.70M
est: 586.60M (-29.0%)
590.66M
584.38M – 596.93M
+0.7% YoY
614.59M
612.16M – 617.02M
+4.1% YoY
655.15M
650.43M – 659.88M
+6.6% YoY
EBIT
386.30M
est: 396.14M (-2.5%)
524.80M
est: 528.67M (-0.7%)
656.25M
est: 556.23M (+18.0%)
259.76M
est: 495.30M (-47.6%)
498.72M
493.43M – 504.02M
+0.7% YoY
518.94M
516.89M – 520.99M
+4.1% YoY
553.18M
549.20M – 557.17M
+6.6% YoY
Net Income
300.92M
est: 295.23M (+1.9%)
416.30M
est: 457.06M (-8.9%)
522.45M
est: 504.29M (+3.6%)
198.00M
est: 213.21M (-7.1%)
219.07M
203.07M – 230.35M
+2.7% YoY
238.23M
217.88M – 261.46M
+8.7% YoY
280.00M
277.96M – 283.22M
+17.5% YoY
SGA
457.27M
est: 403.06M (+13.4%)
633.92M
est: 638.35M (-0.7%)
702.23M
est: 671.62M (+4.6%)
655.82M
est: 598.05M (+9.7%)
602.18M
595.79M – 608.58M
+0.7% YoY
626.59M
624.11M – 629.06M
+4.1% YoY
667.94M
663.13M – 672.76M
+6.6% YoY
EPS
1.00
est: 0.97 (+3.0%)
1.39
est: 1.52 (-8.4%)
1.73
est: 1.67 (+3.5%)
0.66
est: 0.71 (-6.6%)
0.73
0.67 – 0.76
+3.3% YoY
0.82
0.72 – 0.87
+11.6% YoY
0.93
0.92 – 0.94
+14.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-20 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-19 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-18 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-15 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-14 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-13 A 4/5 5/5 3/5 4/5 2/5 3/5 5/5
2026-05-12 A 4/5 5/5 3/5 4/5 2/5 3/5 5/5
2026-05-11 A 4/5 5/5 3/5 4/5 2/5 3/5 5/5
2026-05-08 A 4/5 5/5 3/5 4/5 2/5 3/5 5/5
2026-05-07 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-05-06 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-05-05 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-04-30 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-04-29 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-04-28 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-04-27 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-04-24 A 4/5 4/5 3/5 5/5 2/5 3/5 5/5
2026-04-23 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-22 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-21 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-20 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-17 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-04-16 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
15.55M
OE per share TTM
0.05
Owner's Yield
0.63%
Maintenance CapEx ratio
226.16%
Maint CapEx / Avg PPE
61.2%

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

This company is not held by any ETF 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
755.1K
Shares Outstanding
301.71M

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
Raweewat Maschamadol Acting CEO & Director 108.0K male
Lapasrada Lertpanurot Chief Executive Officer & Director 108.0K female
Phisut Numsa Chief Financial Officer & Director 60.0K male
Patomporn Ngamkham Company Secretary female
Praphawarin Longngam Deputy Chief Executive Officer female
Puvanart Jangjamyarn Vice Chief Administrative Officer male
Suparoek Jeebkratoke Internal Audit Officer male
Wilawan Lekhasak Chief Accountant female
Nutchapol Yainagnan Vice Chief Financial Officer male
Parichart Boonchaleaw Company Secretary 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