1. Thailand Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Sabina Public Company Limited

Sabina Public Company Limited

SABINA-R.BK
Sabina Public Company LimitedTH flagStock Exchange of Thailand
15.60
THB
- -
- -
5.42BMarket Cap
Sabina Public Company Limited
SABINA-R.BK
(Stock Exchange of Thailand)

Recent

price

15.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.37
5.55
5.8
6.27
6.2
6.61
6.86
7.66
8.89
9.44
8.34
7.57
9.12
9.87
10.26
9.57
9.34
Revenue per Share
0.15
0.18
0.32
0.34
0.42
0.48
0.51
0.7
1.04
1.19
0.8
0.85
1.2
1.33
1.34
1.18
1.18
Basic EPS, GAAP
0.48
-0.5
0.24
0.27
0.49
0.69
0.69
1.46
0.51
-0.4
0.85
1.67
1.85
1.02
1.66
2.37
2.13
Free Cash Flow per Basic Share
0.07
0.26
0.1
0.12
0.14
0.18
0.21
0.28
1.18
1.11
0.97
0.86
1.05
1.25
1.36
1.23
1.23
Dividend per Share
2.43
2.43
2.64
2.85
3.07
3.36
3.65
4.07
4.37
4.59
4.42
4.4
4.53
4.61
4.58
4.62
4.92
Book Value per Share
3.59
3.72
3.94
4.11
4.4
4.77
4.97
5.44
5.26
5.33
5.13
5.22
5.32
5.34
5.25
5.23
5.53
Tangible Book Value per Share
348
348
348
348
348
348
348
348
348
348
348
348
348
348
348
348
348
Basic Weighted Avg Shares
1,868
1,927
2,015
2,178
2,153
2,297
2,383
2,663
3,090
3,280
2,898
2,631
3,168
3,431
3,566
3,326
3,247
Sales/Revenue/Turnover
3.33
7.04
8.86
7.73
8.74
8.74
9.28
10.85
14.22
15.52
11.7
13.25
15.85
16.53
16.01
15.02
15.29
Operating Margin (%)
55
57
58
59
58
60
60
56
50
48
54
82
69
81
78
77
76
Depreciation Expense
52
63
112
117
147
166
176
243
362
413
277
294
417
463
464
411
411
Net Income, GAAP
26.51
47.2
36.02
28.62
20.98
18.72
19.37
19.97
19.8
19.92
19.95
20.08
19.1
19.77
20.03
19.33
19.51
Effective Tax Rate (%)
2.79
3.26
5.54
5.38
6.82
7.21
7.37
9.13
11.7
12.6
9.55
11.18
13.17
13.48
13.02
12.35
12.66
Profit Margin (%)
851
837
898
926
1,069
1,185
1,298
1,466
1,365
1,372
1,310
1,434
1,530
1,505
1,522
1,494
1,608
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
24
20
31
39
23
38
36
LT Debt
1,280
1,318
1,402
1,472
1,566
1,664
1,754
1,895
1,835
1,861
1,795
1,829
1,868
1,875
1,844
1,840
1,941
Total Equity
2.66
4
5.74
5.93
7.35
8.3
9.32
11.92
17.35
17.65
10.88
11.69
17.74
19.46
19.63
19.08
18.36
Return on Invested Capital (%)
5.11
5.42
8.5
8.51
10.43
11.96
12.91
17.39
23.36
21.9
13.17
14.47
21.51
23.39
23.45
22.53
21.79
Return on Capital (%)
6.4
7.44
12.67
12.27
14.28
14.83
14.43
18.12
24.67
26.55
17.68
19.19
26.89
29.15
29.09
25.69
23.93
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
68
58
53
LT Borrowings
- -
- -
- -
LT Finance Leases
38
38
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
348
348
348
Market Capitalization
5,734
5,699
5,421

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,773
1,838
1,904
Cash, Cash Equivalents & STI
327
463
597
Accounts Receivable, Net
298
339
301
Inventories
1,055
976
953
Total Current Liabilities
361
344
296
Payables & Accruals
256
268
228
ST Debt
68
58
53
Deferred Revenue
2
1
1

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.07%
0.5%
-0.23%
Free Cash Flow
-27.95%
33.61%
42.15%
Net Income, GAAP
12.23%
9.56%
-11.54%
Sales/Revenue/Turnover
4.27%
3.34%
-6.75%
Total Cash Common Dividend
38.21%
5.81%
-9.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
900
898
875
894
3,566
2025
842
844
802
837
3,326
2026
763
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.34
0.32
- -
1.34
2025
0.3
0.29
0.28
- -
1.18
2026
0.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.67
0.69
- -
1.36
2025
- -
0.65
0.58
- -
1.23
2026
- -
- -
- -
- -
- -
Similar Companies
Reliance Chemotex Industries Limited (RELCHEMQ.NS)
Jiangsu Jujie Microfiber Technology Group Co., Ltd. (300819.SZ)
Pearl Global Industries Limited (PGIL.BO)
AND ST HD Co.Ltd. (2685.T)
De Licacy Industrial Co., Ltd. (1464.TW)
Delta Galil Industries Ltd. (DELG.TA)
Business
Sabina Public Company Limited manufactures and distributes women's lingerie and related apparel products in Thailand and select export markets. The company offers a comprehensive range of underwear including push-up, non-push-up, strapless, and detachable bras; panties such as bikini, G-string, high-waist, mid-rise, boyleg, shorts, and boxer styles; camisoles, revealing underwear, slimming sets, and accessories like transparent arm straps, fashion hooks, and silicone nipple protectors; as well as non-lingerie items comprising swimwear, exercise sets, shapewear (tops, bodysuits, panty, shorts, waist trainers), nightwear, and outerwear-capable collections such as Madmoiselle, Maggiemae, and Cris’s Collection, with pricing segmented from low-end modern trade options to premium lines exceeding 1,000 Baht. Products are sold through 487 points of sale including 89 standalone shops, department stores, discount stores, online platforms, TV, catalogs, TikTok, and on-demand channels like Lineman Mart; the company maintains a manufacturing capacity of 12 million units annually, with Sabina brand sales comprising 94% of revenue and OEM production limited to 6% as of 2024. Founded in 1995 and headquartered in Hankha, Chainat Province, Thailand, Sabina operates primarily in the domestic market with exports accounting for a smaller portion of sales; it imports raw materials and finished goods while exporting OEM products to international clients, particularly in Europe emphasizing environmental and ethical standards. In recent developments, OEM sales surged 93.4% in Q2 2025 from restocking and grew 29.6% in 1H 2025 year-over-year, bolstered by a major client designating Sabina as a key manufacturer and new partnerships; the company plans 7-10 new standalone shops by year-end 2025 in high-traffic areas, diversification into additional product categories via third-party collaborations, and expansion into emerging channels to counter offline declines.