Financials Srisawad Corporation

Equities

SAWAD

TH5456010Y00

Consumer Lending

End-of-day quote Thailand S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
41 THB +1.23% Intraday chart for Srisawad Corporation +3.14% +1.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 91,533 90,285 84,792 66,941 55,613 55,613 - -
Enterprise Value (EV) 1 107,408 109,184 101,076 100,585 127,634 142,007 156,256 172,592
P/E ratio 24 x 19.8 x 18 x 15 x 11.1 x 10.1 x 8.93 x 8.33 x
Yield 2.63% 2.74% 2.91% 3.69% 4.44% 2.1% 2.67% 2.9%
Capitalization / Revenue 10.2 x 8.95 x 8.98 x 5.96 x 3.34 x 2.75 x 2.42 x 2.11 x
EV / Revenue 12 x 10.8 x 10.7 x 8.96 x 7.67 x 7.03 x 6.79 x 6.55 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.98 x 4.09 x 3.43 x 2.61 x 1.97 x 1.75 x 1.53 x 1.35 x
Nbr of stocks (in thousands) 1,336,247 1,373,152 1,373,152 1,373,152 1,373,152 1,373,152 - -
Reference price 2 68.50 65.75 61.75 48.75 40.50 40.50 40.50 40.50
Announcement Date 25/02/20 25/02/21 28/02/22 27/02/23 28/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,965 10,090 9,440 11,229 16,648 20,212 23,012 26,331
EBITDA - - - - - - - -
EBIT 1 5,433 6,304 5,964 5,787 8,367 9,785 11,262 13,121
Operating Margin 60.6% 62.47% 63.18% 51.53% 50.25% 48.41% 48.94% 49.83%
Earnings before Tax (EBT) 1 4,881 5,983 6,390 5,924 6,629 7,360 8,601 9,434
Net income 1 3,756 4,508 4,722 4,476 5,001 5,716 6,597 7,266
Net margin 41.9% 44.68% 50.02% 39.86% 30.04% 28.28% 28.67% 27.6%
EPS 2 2.850 3.320 3.440 3.260 3.640 4.027 4.535 4.863
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.800 1.800 1.800 1.800 1.800 0.8501 1.082 1.175
Announcement Date 25/02/20 25/02/21 28/02/22 27/02/23 28/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,962 - 2,277 2,330 2,354 2,564 4,917 - 3,454 3,615 3,907 - 5,252 4,564 4,618 - - - -
EBITDA - - - - - - - - - - - - - - - - - - -
EBIT 1 2,978 - 1,414 1,427 1,363 1,446 2,809 1,216 1,762 1,837 2,131 - 2,805 2,283 2,394 - - - -
Operating Margin 60.02% - 62.1% 61.22% 57.9% 56.41% 57.12% - 51.01% 50.81% 54.54% - 53.41% 50.03% 51.85% - - - -
Earnings before Tax (EBT) 1 - - 1,505 1,536 1,337 1,430 - 1,546 1,611 1,646 1,565 - 1,800 1,619 1,785 - - - -
Net income 1 2,015 2,467 1,112 1,144 1,036 1,042 2,078 1,186 1,213 1,200 1,146 2,347 1,387 1,267 1,326 1,354 - - -
Net margin 40.61% - 48.82% 49.07% 44.02% 40.63% 42.25% - 35.12% 33.2% 29.34% - 26.42% 27.76% 28.72% - - - -
EPS 2 1.500 1.800 0.8100 0.8300 0.7500 0.7600 - 0.8600 0.8800 0.8700 0.8300 1.710 1.010 0.9200 1.001 1.089 1.067 0.8988 -
Dividend per Share - - - - - - - - - - - - - - - - - - -
Announcement Date 14/08/20 16/08/21 12/11/21 28/02/22 12/05/22 15/08/22 15/08/22 14/11/22 27/02/23 15/05/23 15/08/23 15/08/23 14/11/23 28/02/24 - - - - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 15,875 18,899 16,284 33,644 72,021 86,394 100,643 116,979
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 24.8% 21.7% 20.2% 17.8% 18.6% 18.2% 18.1% 17.7%
ROA (Net income/ Total Assets) 8.87% 9.83% 9.26% 7.49% 5.53% 4.94% 4.91% 4.86%
Assets 1 42,339 45,863 50,987 59,724 90,473 115,688 134,254 149,461
Book Value Per Share 2 13.80 16.10 18.00 18.70 20.50 23.10 26.50 30.00
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 25/02/20 25/02/21 28/02/22 27/02/23 28/02/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
40.5 THB
Average target price
45.27 THB
Spread / Average Target
+11.77%
Consensus
  1. Stock Market
  2. Equities
  3. SAWAD Stock
  4. Financials Srisawad Corporation