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Sawang Export Public Company Limited (SAWANG) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 170M THB (≈ $5.1M) · ISIN TH0242010005

What is Sawang Export Public Company Limited really worth?

SE Sawang Export Public Company Limited SAWANG · BK
Price from Aug 17, 20265.85 THB
Fair Value7.08 THB
Upside+21.0%
Quality44/100

Below-average quality, trading 17% below our fair value of 7.08 THB.

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Risks

!Weak Growth (revenue 5y −5.7 %/yr)
!Loss-making · -33.1% net margin
!negative free cash flow
!Trails peers (3/9)
!Narrow moat 13/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 4.67 THB – 8.85 THB

Fair value as of: Aug 21, 2026

From 1 valuation models · updated 11 days ago

Share price −17.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range (4.67 THB to 8.85 THB) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

15.30 THB 5.85 THB Fair Value 7.08 THB Aug 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range 5.85 THB – 15.30 THB · fair‑value band 4.67 THB – 8.85 THB · the 5.85 THB price screens below the 7.08 THB fair value. Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

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Analysis

Sawang Export Public Company Limited (SAWANG) currently trades at 5.85 THB, while our model-based Fair Value estimate is 7.08 THB, implying the stock looks roughly 17.4% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Consumer Cyclical sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Over the trailing twelve months, Sawang Export Public Company Limited generated revenue of 69.1M THB at a net margin of −33.1%. Revenue declined 22.4% year over year. It earns a return on equity of −9.0%. Net debt stands at 10.6M THB. Fundamentals as of Aug 21, 2026

Our scenario range runs from 4.67 THB (bear case) to 8.85 THB (bull case); at 5.85 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 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at 21%, SAWANG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
NCAV (Graham) best evidence 5.16 THB 6.92 THB 10.32 THB 51
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 5.16 THB 6.92 THB 10.32 THB 51

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Key figures & financial health

P/S ratio 2.47 TTM
EPS (TTM) −0.9500 THB
Net margin −32.9% FY2025
Return on equity −9.0% TTM
Return on assets (EBIT) −6.0% avg 5y
Operating margin −51.5% TTM
More key figures
Growth
Revenue (TTM) 69.1M THB TTM
Revenue growth (YoY) −22.4% 3y avg −8.9%
Balance sheet & cash flow
Free cash flow −12.8M THB FY2025
Net debt 10.6M THB FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 19

Profitability 4
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sawang Export Public Company Limited manufactures and distributes precious stones and jewelry in Australia, Europe, and Thailand.

Full company description

Sawang Export Public Company Limited manufactures and distributes precious stones and jewelry in Australia, Europe, and Thailand. It manufactures 18k gold, 14k gold, 9k gold, 925 sterling silver, brass with setting in diamonds, precious and semi-precious gemstones, synthetic gemstones, and cubic zirconia, as well as natural rubies and blue and yellow sapphires. The company also provides design development, master mold, material sourcing, production, and quality control services, as well as sourcing and sorting, size calibration, grading and certificate, and jewelry sorting services. In addition, it exports its products. The company was founded in 1941 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sawang Export Public Company Limited reported revenue of 73.1M THB in FY2025 versus 88.7M THB in FY2021, a compound −4.7%/yr. Reported net income was −24.1M THB in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
73.1M THB
Latest YoY
−31.2%
Avg. revenue 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.
−8.9%
Avg. revenue 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.
−5.7%
Avg. revenue growth/yr (25Y) 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.
−9.7%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −4.7%/yr
FY21 88.7M THB
FY22 96.6M THB
FY23 120M THB
FY24 106M THB
FY25 73.1M THB
Net income
FY21 −30.5M THB
FY22 −14.7M THB
FY23 −13.6M THB
FY24 −35.7M THB
FY25 −24.1M THB

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Cite: Fair Value Calculator (2026). "Sawang Export Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SAWANG

Peer Group

Luxury Goods · 137 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 42 · Bottom 25%
Fair Value upside +21% · Above median
Return on assets −5% · Bottom 25%
Net margin (TTM) −33% · Bottom 25%
Operating margin (TTM) −51% · Bottom 25%
Revenue growth −22% · Bottom 25%

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/S (TTM) 0.07× · Cheaper than 75% of peers
PEG 0.41× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE61 · sector 12
FUTURE0 · sector 42
PAST0 · sector 40
HEALTH0 · sector 99
DIVIDEND0 · sector 41

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

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Hermès International Société en commandite par actions RMS €1,598 €950.24 −41%
Compagnie Financière Richemont SA CFR CHF 192.15 CHF 119.49 −38%
Christian Dior SE DIO €423.60 €1,095 +159%
Titan Company TITAN ₹5,106 ₹972.23 −81%
Tapestry, Inc TPR $153.74 $19.95 −87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 −6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 −43%
Prada S.p.A 1913 HK$40.86 HK$64.71 +58%
Pandora A/S PNDORA kr 783.00 kr 1,424 +82%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%

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Frequently asked questions

Is Sawang Export Public Company Limited (SAWANG) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of 7.08 THB versus the last price from Aug 17, 2026 of 5.85 THB, about +21% upside (undervalued).
What is the fair value of SAWANG?
Our model-based fair value for Sawang Export Public Company Limited is 7.08 THB (as of Aug 21, 2026), built from audited fundamentals. Last price (from Aug 17, 2026): 5.85 THB.
What is the quality score of SAWANG?
Sawang Export Public Company Limited has a Quality Score of 44/100. 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 Sawang Export Public Company Limited (SAWANG)?
Sawang Export Public Company Limited reported trailing-twelve-month revenue of about 69.1M THB (latest available figure, as of Aug 21, 2026).
What is the net profit margin of SAWANG?
The net profit margin of Sawang Export Public Company Limited is about −33.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
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