Thai Wacoal Public Co. Ltd.

Thai Wacoal Public Co. Ltd.

15.80
THB
+0.30
(+1.94%)
-0.06EPS
1.86BMarket Cap
Thai Wacoal Public Co. Ltd.
SET:WACOAL.R
(Stock Exchange of Thailand)

Recent

price

15.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
27.55
30.74
34.12
30.25
30.01
33.1
34.49
36.35
38.38
40.68
24.64
27.03
32.8
30.07
29.22
24.78
24.62
Revenue per Share
2.97
3.28
3.48
2.12
2.31
2.79
2.59
2.71
2.96
2.8
-2.62
-1.2
0.86
0.65
0.2
-1.12
-0.06
Basic EPS, GAAP
1.76
0.25
1.41
-0.33
-2.59
1.51
1.45
2.9
0.82
0.04
-5.21
-0.13
2
-0.6
-0.56
-1.02
-1.33
Free Cash Flow per Basic Share
1.5
2
2.1
2.4
2.25
2.4
1.1
1.3
1.5
1.8
1.9
0.5
0.5
0.7
0.7
0.6
- -
Dividend per Share
41.97
40.56
43.41
41.68
42.62
43.17
45.33
48.04
48.42
47.98
44.57
44.69
46.18
45.2
44.91
41.46
41.08
Book Value per Share
41.75
40.35
43.28
41.47
42.42
42.78
44.95
47.73
48.1
47.66
44.27
44.44
45.95
45.01
44.76
41.35
40.96
Tangible Book Value per Share
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
Basic Weighted Avg Shares
3,306
3,689
4,095
3,630
3,601
3,972
4,138
4,363
4,606
4,881
2,956
3,244
3,936
3,609
3,507
2,974
2,954
Sales/Revenue/Turnover
5.86
7.92
8.07
3.19
3.88
5.5
4.65
4.58
4.35
2
-23.45
-8.01
0.07
-1.85
-5.27
-14.57
-8.91
Operating Margin (%)
79
75
77
83
90
101
105
106
103
104
122
111
95
90
87
76
69
Depreciation Expense
356
394
417
254
277
334
311
325
356
336
-315
-144
103
78
24
-135
-7
Net Income, GAAP
20.6
25.66
18.16
13.98
12.48
10.03
10.47
11.02
11.1
12.83
- -
- -
3.76
4.03
- -
- -
109.89
Effective Tax Rate (%)
10.78
10.68
10.19
7.01
7.68
8.42
7.51
7.44
7.72
6.89
-10.65
-4.45
2.62
2.17
0.69
-4.53
-0.23
Profit Margin (%)
2,174
2,490
2,434
1,800
1,537
1,504
1,534
1,671
1,888
2,588
1,906
1,753
1,813
1,666
1,692
1,771
1,680
Working Capital
- -
- -
- -
1
1
1
1
- -
- -
- -
14
21
12
46
55
40
37
LT Debt
5,036
4,867
5,210
5,002
5,114
5,180
5,440
5,765
5,811
5,758
5,349
5,362
5,542
5,425
5,389
4,975
4,930
Total Equity
7.27
5.73
5.64
4.95
5.35
6.2
5.93
5.85
1.91
5.71
- -
- -
1.74
1.29
- -
- -
-0.16
Return on Invested Capital (%)
7.26
7.95
8.28
4.98
5.38
6.29
5.77
5.79
6.15
5.81
- -
- -
1.9
1.45
- -
- -
-0.13
Return on Capital (%)
7.26
7.96
8.28
4.98
5.47
6.5
5.86
5.8
6.15
5.81
-5.67
-2.7
1.89
1.43
0.45
-2.6
-0.13
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
17
18
17
LT Borrowings
- -
- -
- -
LT Finance Leases
40
40
37
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
120
120
120
Market Capitalization
2,088
2,052
1,860

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,241
2,264
2,183
Cash, Cash Equivalents & STI
724
721
602
Accounts Receivable, Net
446
398
437
Inventories
926
958
972
Total Current Liabilities
470
482
503
Payables & Accruals
331
331
351
ST Debt
17
18
17
Deferred Revenue
1
1
3

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.31%
-1.37%
-7.69%
Free Cash Flow
-1,551%
-353.1%
80.51%
Net Income, GAAP
-116.56%
-194.67%
-655.12%
Sales/Revenue/Turnover
-1.36%
0.95%
-15.2%
Total Cash Common Dividend
- -
- -
-14.29%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
794
892
852
968
3,507
2025
726
709
745
793
2,974
2026
676
740
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.26
-0.35
0.18
0.2
2025
-0.46
-0.54
-0.8
0.68
-1.12
2026
-0.02
0.09
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.7
- -
- -
0.7
2025
- -
- -
- -
- -
0.6
2026
- -
- -
- -
- -
- -
Business
Thai Wacoal Public Company Limited manufactures and sells ladies' apparel products, with a core focus on ladies' lingerie; ladies' outerwear; and children's wear, distributed through major domestic customer I.C.C. International Public Company Limited and exported to affiliated companies under Wacoal Corporation in Japan, the United States, and ASEAN countries. Established on October 1, 1970, as Thailand's first industrial-scale ladies' lingerie manufacturer through a joint venture between Saha Pathanapibul Company Limited and Japan's Wacoal Corporation, the company listed on the Stock Exchange of Thailand in 1983 and converted to a public company in 1994; it maintains headquarters at 132 Soi Charoenrat 7, Bangkhlo, Bangkholam, Bangkok, Thailand. The company operates in the apparel industry, targeting female and children's markets domestically and via exports, while upholding commitments to sustainability, including earning the CoolMode Label Certificate for energy-efficient Race Uniform products that reduce greenhouse gas emissions and supporting Thailand's Net Zero goals. Recently, Thai Wacoal marked the 25th anniversary of its Wacoal Pink Ribbon campaign against breast cancer, expanding outreach with the Raks Thai Foundation to four eastern provinces—Chonburi, Rayong, Chanthaburi, and Trat—following over 3,000 participants historically and ongoing initiatives like mobile mammography funding, medical equipment donations, and post-surgery support products such as Balancing Bras; it also sponsored the Healthy City Run with Bangkok Metropolitan Administration and collaborated on promotional live events within the Saha Pathana Group ecosystem. In product innovation, the company launched Wacoal Panties Mart, Thailand's first panties supermarket concept for convenient shopping, and the WACOAL FREEDOM men's underwear collection featuring lace designs to promote gender fluidity and self-expression; these developments underscore strategic expansions in retail formats, men's apparel, and health-focused community engagement amid sustained corporate governance excellence, rated Excellent CG for the 11th year in the 2025 CGR survey.