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Sabina Public Company (SABINA) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 5.5B THB

SP Sabina Public Company SABINA · BK
Price15.90 THB
Fair Value20.09 THB
Upside+26.4%
Quality82/100
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Mixed Growth
Solidly profitable · 12.6% net margin
Low debt · generates free cash flow
7.52% dividend yield
Ranks above peers (10/14)
Wide moat 66/100
Evidence: High Range 15.07 THB – 25.12 THB Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 21.09 THB to 20.09 THB (−4.7%) since Jun 24, 2026. Share price +0.6% over the past month.

A strong business, screening 26% undervalued on our models.

What matters now

  • The rarer combination: high quality (82/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from 15.07 THB (bear) to 25.12 THB (bull), base 20.09 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 82/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

25.94 THB 12.90 THB Fair Value 20.09 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 12.90 THB – 25.94 THB · fair‑value band 15.07 THB – 25.12 THB · the 15.90 THB price screens below the 20.09 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Sabina Public Company (SABINA) currently trades at 15.90 THB, while our model-based Fair Value estimate is 20.09 THB, implying the stock looks roughly 26.4% undervalued today. The Quality Score stands at 82/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Sabina Public Company generated revenue of 3.3B THB at a net margin of 12.6%. Revenue declined 9.0% year over year. It earns a return on equity of 22.3%. Net debt stands at 2.5M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 15.07 THB (bear case) to 25.12 THB (bull case); at 15.90 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 26%, SABINA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 24.91 THB 33.83 THB 45.41 THB 80
Residual Income 6.93 THB 8.35 THB 19.74 THB 76
Rev-Margin DCF 14.09 THB 18.84 THB 24.05 THB 74
All 25 models by family
DCF Models
FCF DCF 24.26 THB 33.86 THB 46.84 THB 38
Owner Earnings 12.70 THB 17.66 THB 24.36 THB 31
5Y Revenue Exit 14.09 THB 18.40 THB 23.46 THB 39
5Y EBITDA Exit 17.51 THB 24.44 THB 31.99 THB 41
5Y P/E Exit 20.00 THB 28.84 THB 37.50 THB 38
10Y Revenue Exit 17.62 THB 22.13 THB 27.26 THB 36
10Y EBITDA Exit 19.93 THB 26.10 THB 33.30 THB 37
10Y P/E Exit 21.44 THB 28.99 THB 37.20 THB 35
Earnings-Based
Graham-Dodd 8.04 THB 18.05 THB 23.09 THB 54
PEG = 1.0 2.95 THB 4.21 THB 5.47 THB 46
EPV 10.86 THB 12.52 THB 13.95 THB 59
Dividend Discount
Gordon GGM 10.81 THB 17.14 THB 23.98 THB 70
DDM Multi-Stage 10.81 THB 15.52 THB 20.57 THB 61
Multiples
P/E Multiple 19.50 THB 26.00 THB 32.51 THB 63
P/S Multiple 8.61 THB 11.48 THB 14.35 THB 58
P/B Multiple 15.07 THB 20.09 THB 25.12 THB 55
EV/EBIT 19.77 THB 26.24 THB 32.70 THB 53
EV/EBITDA 15.29 THB 20.26 THB 25.23 THB 54
EV/Revenue 8.41 THB 11.85 THB 15.30 THB 43
Asset-Based
NCAV (Graham) 2.64 THB 3.53 THB 5.27 THB 50
Growth DCF
Growth DCF 24.91 THB 33.83 THB 45.41 THB 80
Rev-Margin DCF 14.09 THB 18.84 THB 24.05 THB 74
Economic Profit
Residual Income 6.93 THB 8.35 THB 19.74 THB 76
ROIC Compounder 11.25 THB 13.49 THB 15.81 THB 72
Growth Earnings
Growth-Adj P/E 14.53 THB 20.76 THB 26.99 THB 68

Widest divergence: DCF Models (24.44 THB) versus Asset-Based (3.53 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.3B THB
Revenue growth (YoY) -9.0%
Net margin 12.6%
Return on equity 22.3%
Free cash flow 826M THB FY2025
P/E ratio 12.7
More key figures
Operating margin 16.9%
EPS (TTM) 1.18 THB
Dividend yield 7.8%
EPS growth (YoY) +0.3%
Net debt 2.5M THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 82/100

Of which business quality 82 · Market factors (momentum, volatility) 64

Profitability 86
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sabina Public Company Limited, together with its subsidiaries, manufactures and sells readymade clothes for women in Thailand and internationally.

Full company description

Sabina Public Company Limited, together with its subsidiaries, manufactures and sells readymade clothes for women in Thailand and internationally. The company offers underwear, function bras, shape wear, and swimwear for children's, pre-teens', teenagers, working women, young women, and older women under the Sabina, PRETTY, PERFECT bra, Forever Young, Sbn SPORT, TWENTY FIVE, MODERN V, DoommSoft, DoommDoomm, SABINA kids, MATERNITY, mad moiselle INTIMATES, MAGGIE MAE, SABINA SWIM, wearever, bratops., Shapewear, movv, PANTY ZONE, SABINA accessories, and Cris's Collection brands. It sells its products through department stores, modern trade outlets, and various shops, as well as online platforms, catalogs, and TV sales. The company exports its products to the Philippines. It also invests in other companies. The company was formerly known as J&D Apparel Public Company Limited and changed its name to Sabina Public Company Limited in May 2007. Sabina Public Company Limited was incorporated in 1995 and is headquartered in Hankha, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sabina Public Company reported revenue of 3.3B THB in FY2025 versus 2.6B THB in FY2021, a compound +6.0%/yr. Reported net income was 411M THB in FY2025, compounding +8.7%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.3B THB
Latest YoY
−6.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.8%
Avg. growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.2%
Revenue +6.0%/yr
FY21 2.6B THB
FY22 3.2B THB
FY23 3.4B THB
FY24 3.6B THB
FY25 3.3B THB
Net income +8.7%/yr
FY21 294M THB
FY22 417M THB
FY23 463M THB
FY24 464M THB
FY25 411M THB
Character of growth · EPS growth decomposed (2014-2025) +11.9 % p.a.
Revenue per share +4.7 pp

of which total revenue +4.7 pp · buybacks/dilution +0.0 pp

EBIT margin +6.7 pp
Tax rate +0.0 pp
Residual (interest, one-offs) +0.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Sabina Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SABINA

Peer Group

Apparel Manufacturing · 212 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 82 · Top 25%
Fair Value upside +26% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -9% · Below median
Dividend yield (TTM) 7.5% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 13.3× · Cheaper than median
P/B 2.98× · Pricier than 75% of peers
P/S (TTM) 1.67× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 9.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 69 · sector 32
FUTURE 0 · sector 4
PAST 84 · sector 21
HEALTH 100 · sector 98
DIVIDEND 100 · sector 49

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Sabina Public Company (SABINA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 20.09 THB versus a price of 15.90 THB, about +26% (undervalued).
What is the fair value of SABINA?
Our model-based fair value for Sabina Public Company is 20.09 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 15.90 THB.
What is the quality score of SABINA?
Sabina Public Company has a Quality Score of 82/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sabina Public Company (SABINA)?
Sabina Public Company reported trailing-twelve-month revenue of about 3.3B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SABINA?
The net profit margin of Sabina Public Company is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.
Does Sabina Public Company pay a dividend?
Sabina Public Company currently shows a dividend yield of about 7.76% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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