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  3. •

    Luxury Goods
Sawang Export Public Company Limited

Sawang Export Public Company Limited

SAWANG.BK
Sawang Export Public Company LimitedTH flagStock Exchange of Thailand
6.55
THB
- -
- -
157.20MMarket Cap
Sawang Export Public Company Limited
SAWANG.BK
(Stock Exchange of Thailand)

Recent

price

6.55

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
8.25
10.25
8.81
7.1
8.5
8.74
6.92
4.98
4.53
3.64
4.08
3.69
4.02
4.99
4.43
3.05
2.88
Revenue per Share
0.29
0.86
0.39
-0.02
-0.68
-0.13
-0.81
-1.33
-1
-1.52
-1.43
-1.27
-0.61
-0.57
-1.49
-1
-0.95
Basic EPS, GAAP
-1
-0.21
1.11
-1.16
0.57
-0.85
0.68
-1.09
-0.71
-1.09
-0.22
-0.18
0.16
0.17
-0.15
-0.53
-0.54
Free Cash Flow per Basic Share
0.5
- -
0.5
0.25
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
19.43
19.19
19.08
18.81
17.85
17.72
16.91
15.34
14.38
12.88
11.45
10.19
9.71
9.15
7.67
6.63
6.34
Book Value per Share
22.01
22.88
22.77
22.5
21.54
21.41
20.6
19.03
18.07
16.57
15
13.74
13.28
12.85
11.36
10.32
10.03
Tangible Book Value per Share
24
24
24
24
24
24
24
24
24
24
24
24
24
24
24
24
24
Basic Weighted Avg Shares
198
246
211
170
204
210
166
119
109
87
98
89
97
120
106
73
69
Sales/Revenue/Turnover
0.85
7.47
0.54
-10.01
-9.3
-6.44
-12.23
-27.27
-26.48
-41.98
-14.57
-12.53
-13.76
-7.79
-13.61
-35.68
-36.14
Operating Margin (%)
3
2
3
4
4
5
5
4
3
3
2
2
3
3
2
2
2
Depreciation Expense
7
21
9
- -
-16
-3
-19
-32
-24
-36
-34
-30
-15
-14
-36
-24
-23
Net Income, GAAP
- -
- -
14.47
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
3.49
8.4
4.4
-0.21
-8.04
-1.48
-11.71
-26.79
-22.13
-41.6
-34.95
-34.39
-15.17
-11.34
-33.62
-32.93
-33.08
Profit Margin (%)
429
450
468
468
451
440
425
395
369
334
302
273
260
249
213
192
184
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
528
549
547
540
517
514
495
457
434
398
364
333
322
308
273
248
241
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
4.42
2.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
1.47
4.46
2.02
-0.08
-3.73
-0.73
-4.68
-8.27
-6.74
-11.12
-11.73
-11.74
-6.13
-6
-17.71
-14.03
-13.93
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7
13
13
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
24
24
Market Capitalization
175
192
194

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
203
207
201
Cash, Cash Equivalents & STI
2
2
3
Accounts Receivable, Net
5
8
6
Inventories
195
196
192
Total Current Liabilities
9
15
17
Payables & Accruals
1
2
2
ST Debt
7
13
13
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7%
-7.33%
-9.13%
Free Cash Flow
-65.19%
-30.01%
248.1%
Net Income, GAAP
67.02%
12.07%
-32.63%
Sales/Revenue/Turnover
-8.45%
-3.82%
-31.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27
28
26
26
106
2025
18
18
18
20
73
2026
14
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.11
-0.25
- -
-1.49
2025
-0.34
-0.33
-0.23
- -
-1
2026
-0.29
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Sawang Export Public Company Limited manufactures and distributes precious stones and jewelry from its headquarters at 307-307/1-4 Surawong Road, Bangrak, Bangkok, Thailand; founded in 1941 as Meh Seng Mong for gemstone cutting and trading, it expanded through Sawang Gems Co., Ltd. in 1955, established Sawang Export Co., Ltd. in 1972, and listed on the Stock Exchange of Thailand in 1991. The company specializes in natural rubies, blue and yellow sapphires, and other precious and semi-precious gemstones, offering services including sourcing, sorting by size and shape, calibration, grading with certificates, and export worldwide; it produces jewelry in 18k gold, 14k gold, 9k gold, 925 sterling silver, and brass, set with diamonds, colored stones, synthetic gemstones, and cubic zirconia in shapes such as round, oval, pear, heart, marquise, princess, taper, baguette, and octagon, with custom designs, original sample lines, jewelry designing, and master mold making. Operations span domestic Thailand and foreign markets across four continents and 12 countries including Australia, Europe, Japan, Hong Kong, and the United States, targeting gemstone traders and jewelers with over three million carats of rubies and sapphires sourced, nine million jewelry pieces produced and exported, and more than 10,000 designs created. In recent developments, the company reports ongoing operational challenges with third-quarter 2025 revenues of 17.7 million baht, down 31.6% year-over-year, a net loss of 5.54 million baht for the quarter, and 21.78 million baht for the nine-month period ended September 30, 2025, amid continued expansion of gemstone wholesale and jewelry manufacturing through skilled craftsmen and advanced technology.