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Srisawad Corporation (SAWAD) Fair Value & Analysis

Financial Services · TH · Market cap 40.9B THB

SC Srisawad Corporation SAWAD · BK
Price25.00 THB
Fair Value39.29 THB
Upside+57.2%
Quality50/100
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Healthy Growth
Highly profitable · 36.2% net margin
Moderate debt · generates free cash flow
2.90% dividend yield
Ranks above peers (10/15)
Wide moat 73/100
Evidence: High Range 29.46 THB – 92.98 THB Share as image

Fair value as of: Jul 13, 2026

From 13 valuation models · updated 28 days ago

Share price +8.2% over the past month.

A solid business, screening 57% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (29.46 THB). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (29.46 THB to 92.98 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

64.61 THB 14.50 THB Fair Value 39.29 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 14.50 THB – 64.61 THB · fair‑value band 29.46 THB – 92.98 THB · the 25.00 THB price screens below the 39.29 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Srisawad Corporation (SAWAD) currently trades at 25.00 THB, while our model-based Fair Value estimate is 39.29 THB, implying the stock looks roughly 57.2% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Financial Services 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, Srisawad Corporation generated revenue of 14.6B THB at a net margin of 35.9%. Revenue grew 17.1% year over year. It earns a return on equity of 14.0%. Net debt stands at 57.5B THB. Fundamentals as of Jul 13, 2026

Our scenario range runs from 29.46 THB (bear case) to 92.98 THB (bull case); at 25.00 THB, the current price sits below 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 20% below its 52-week high and 74% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 57%, SAWAD 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 BearBaseBull Evidence
Highest evidence
Growth DCF 68.90 THB 170.29 THB 341.71 THB 80
Residual Income 21.63 THB 27.61 THB 76.05 THB 76
Rev-Margin DCF 14.46 THB 36.11 THB 64.09 THB 74
All 13 models by family
DCF Models
Owner Earnings 25.97 THB 84.41 THB 200.27 THB 31
5Y P/E Exit 22.64 THB 55.61 THB 94.65 THB 38
10Y P/E Exit 37.50 THB 75.88 THB 133.47 THB 35
Earnings-Based
Graham-Dodd 20.55 THB 128.24 THB 179.08 THB 54
Lynch FV 36.91 THB 52.73 THB 68.55 THB 50
Dividend Discount
Gordon GGM 3.55 THB 7.38 THB 11.70 THB 70
DDM Multi-Stage 3.55 THB 6.22 THB 7.74 THB 61
Multiples
P/E Multiple 29.46 THB 39.29 THB 49.11 THB 63
P/B Multiple 23.67 THB 31.56 THB 39.45 THB 55
Asset-Based
NCAV (Graham) 11.27 THB 15.10 THB 22.54 THB 50
Growth DCF
Growth DCF 68.90 THB 170.29 THB 341.71 THB 80
Rev-Margin DCF 14.46 THB 36.11 THB 64.09 THB 74
Economic Profit
Residual Income 21.63 THB 27.61 THB 76.05 THB 76

Widest divergence: DCF Models (75.88 THB) versus Dividend Discount (6.22 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 14.6B THB
Revenue growth (YoY) +17.1%
Net margin 35.9%
Return on equity 14.0%
Free cash flow 11.1B THB FY2025
P/E ratio 6.5
More key figures
Operating margin 56.5%
EPS (TTM) 3.17 THB
Dividend yield 3.3%
EPS growth (YoY) +22.1%
Net debt 57.5B THB FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 51 · Market factors (momentum, volatility) 59

Profitability 46
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 7
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

Srisawad Corporation Public Company Limited, together with its subsidiaries, provides financial services in Thailand and internationally. It operates through Hire Purchase; Loan; and Asset Management segment.

Full company description

Srisawad Corporation Public Company Limited, together with its subsidiaries, provides financial services in Thailand and internationally. It operates through Hire Purchase; Loan; and Asset Management segment. The company provides loan granting, non-performing assets management, PICO finance loan, and credit sales services; and management and consulting services for retail credit systems. It also offers loan and debt collection; digital loan platform; and secured loans. In addition, the company provides motorcycles, car, truck, agricultural vehicle, home and land, and motorcycle hire purchase loans, as well as car, travel, truck, loan protection, personal accident, health, home, and accident insurance. Further, it invests in other companies; and engages in real estate business and activities related to real estate. It provides its services online. The company was formerly known as Srisawad Power 1979 Public Company Limited and changed its name to Srisawad Corporation Public Company Limited in July 2017. Srisawad Corporation Public Company Limited was founded in 1979 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Srisawad Corporation reported revenue of 19.3B THB in FY2025 versus 10.2B THB in FY2021, a compound +17.2%/yr. Reported net income was 5.0B THB in FY2025, compounding +1.5%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
19.3B THB
Latest YoY
+1.3%
Avg. growth/yr (3Y)
+16.3%
Avg. growth/yr (5Y)
+11.9%
Avg. growth/yr (13Y)
+25.1%
Revenue +17.2%/yr
FY21 10.2B THB
FY22 12.3B THB
FY23 17.5B THB
FY24 19.1B THB
FY25 19.3B THB
Net income +1.5%/yr
FY21 4.7B THB
FY22 4.5B THB
FY23 5.0B THB
FY24 5.1B THB
FY25 5.0B THB

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Cite: Fair Value Calculator (2026). "Srisawad Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SAWAD

Peer Group

Credit Services · 333 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 51 · Below median
Fair Value upside +57% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 36% · Above median
Operating margin (TTM) 50% · Above median
Revenue growth 3% · Below median
Dividend yield (TTM) 2.9% · Above median
Debt / equity 1.34× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 7.8× · Cheaper than median
P/B 1.09× · Pricier than median
P/S (TTM) 2.81× · Pricier than median
P/FCF 0.1× · Cheaper than median
EV/EBITDA 8.1× · Cheaper than median
PEG 0.69× · Cheaper 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 100 · sector 35
FUTURE 15 · sector 39
PAST 56 · sector 32
HEALTH 33 · sector 59
DIVIDEND 58 · sector 51

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Srisawad Corporation (SAWAD) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 39.29 THB versus a price of 25.00 THB, about +57% (undervalued).
What is the fair value of SAWAD?
Our model-based fair value for Srisawad Corporation is 39.29 THB (as of Jul 13, 2026), built from audited fundamentals. The current price is 25.00 THB.
What is the quality score of SAWAD?
Srisawad Corporation has a Quality Score of 50/100. 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 Srisawad Corporation (SAWAD)?
Srisawad Corporation reported trailing-twelve-month revenue of about 14.6B THB (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SAWAD?
The net profit margin of Srisawad Corporation is about 35.9%, meaning it keeps roughly 35.9% of revenue as net income. Based on the latest reported figures.
Does Srisawad Corporation pay a dividend?
Srisawad Corporation currently shows a dividend yield of about 3.30% relative to its recent price (as of Jul 13, 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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