Ankündigung • Jul 02
Srisawad Corporation Public Company Limited(SET:SAWAD) dropped from SET 50 Index Srisawad Corporation Public Company Limited has been dropped from the SET 50 Index New Risk • Jun 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • May 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ฿22.50. The fair value is estimated to be ฿28.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 7.9% per annum over the same time period. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.35 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (4.0%). Buy Or Sell Opportunity • Apr 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ฿22.40. The fair value is estimated to be ฿28.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Buy Or Sell Opportunity • Mar 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ฿22.50. The fair value is estimated to be ฿28.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Declared Dividend • Mar 05
Final dividend of ฿0.35 announced Shareholders will receive a dividend of ฿0.35. Ex-date: 7th May 2026 Payment date: 28th May 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.4%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 7%. New Risk • Mar 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿24.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿37.60 per share. Buy Or Sell Opportunity • Nov 05
Now 22% undervalued Over the last 90 days, the stock has risen 21% to ฿27.50. The fair value is estimated to be ฿35.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Upcoming Dividend • Sep 29
Upcoming dividend of ฿0.35 per share Eligible shareholders must have bought the stock before 06 October 2025. Payment date: 22 October 2025. Payout ratio is a comfortable 1.2% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (2.5%). Ankündigung • Sep 22
Srisawad Corporation Public Company Limited(SET:SAWAD) dropped from FTSE All-World Index (USD) Srisawad Corporation Public Company Limited(SET:SAWAD) dropped from FTSE All-World Index (USD) Price Target Changed • Sep 19
Price target increased by 7.1% to ฿27.33 Up from ฿25.50, the current price target is an average from 14 analysts. New target price is 8.9% below last closing price of ฿30.00. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿3.05 for next year compared to ฿3.04 last year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿29.25, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿32.49 per share. Price Target Changed • Aug 19
Price target increased by 11% to ฿24.70 Up from ฿22.30, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ฿24.70. Stock is down 22% over the past year. The company is forecast to post earnings per share of ฿2.97 for next year compared to ฿3.04 last year. Price Target Changed • Aug 03
Price target decreased by 8.3% to ฿22.50 Down from ฿24.54, the current price target is an average from 14 analysts. New target price is 16% above last closing price of ฿19.40. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿2.93 for next year compared to ฿3.04 last year. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿16.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 59% over the past three years. Ankündigung • Jun 05
Srisawad Corporation Public Company Limited Announces Clarification on the Summary of Complaints at Department of Special Investigation Srisawad Corporation Public Company Limited announced as reported in online and print media regarding an individual filing a complaint against the Company and its subsidiaries with the Department of Special Investigation (DSI) on the matter of charging interest rates exceeding legal limits, and the DSI having accepted the matter as a special case since 2024, the company has now received an official letter from the DSI No. YorTor0824/1950 dated May 30, 2025. The conclusions are as follows: The Director-General of the Office of Special Litigation has reviewed the case and issued an order not to prosecute Srisawad Corporation Public Company Limited and its four subsidiaries for the crime that of jointly lending money and charging interest in excess of the rate prescribed by law, pursuant to the Act Prohibiting the Collection of Interest at Excessive Rates B.E. 2560 (2017), Section 4, and the Criminal Code, Section 83. The Director-General of the Department of Special Investigation has considered the matter and does not object to the public prosecutor's order not to prosecute. Price Target Changed • May 19
Price target decreased by 9.7% to ฿30.63 Down from ฿33.93, the current price target is an average from 16 analysts. New target price is 48% above last closing price of ฿20.70. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿2.93 for next year compared to ฿3.04 last year. Ankündigung • May 15
Srisawad Corporation Public Company Limited (SET:SAWAD) agreed to acquire remaining 10.67% stake in Srisawad Asset Solutions Co., Ltd. from Thasaporn Suntornsuk, Sumate Maneewatana and Somyot Ngerndamrong for THB 89.06 million. Srisawad Corporation Public Company Limited (SET:SAWAD) agreed to acquire remaining 10.67% stake in Srisawad Asset Solutions Co., Ltd. from Thasaporn Suntornsuk, Sumate Maneewatana and Somyot Ngerndamrong for THB 89.06 million on May 14, 2025. Upon completion, Srisawad Corporation Public Company Limited will own 100% stake in Srisawad Asset Solutions Co., Ltd. Board of Srisawad Corporation Public Company Limited approved the deal. The transaction is expected to close within June 2025. Upcoming Dividend • May 01
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 1.2% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (2.4%). New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Price Target Changed • Mar 13
Price target decreased by 7.7% to ฿39.26 Down from ฿42.56, the current price target is an average from 17 analysts. New target price is 31% above last closing price of ฿30.00. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿3.42 for next year compared to ฿3.34 last year. Ankündigung • Mar 01
Srisawad Corporation Public Company Limited, Annual General Meeting, Apr 29, 2025 Srisawad Corporation Public Company Limited, Annual General Meeting, Apr 29, 2025, at 10:00 SE Asia Standard Time. Location: the auditorium room, 3rd floor, 99/392 srisawad building, chaeng watthana road, thungsonghong, laksi, bangkok 10210, Thailand Declared Dividend • Feb 28
Dividend increased to ฿0.10 Dividend of ฿0.10 is 770% higher than last year. Ex-date: 8th May 2025 Payment date: 27th May 2025 Dividend yield will be 0.3%, which is lower than the industry average of 3.4%. Payout Ratios Payout ratio: 0.3118%. Cash payout ratio: 0.1494%. New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Ankündigung • Feb 27
Srisawad Corporation Public Company Limited Proposes Dividend for 2024, Payable May 27, 2025 Srisawad Corporation Public Company Limited at its Board of Directors Meeting held on 26 February, 2025, proposed to the Annual General Meeting of shareholders for approval the appropriation of net profit and payment for dividend as follows: Cash dividend at ratio of THB 0.04 per share, total amount THB 60,418,573 . Determined to establish the list of shareholders who are entitled to receive dividend on May 9, 2025. Dividend payment date is May 27, 2025. Buy Or Sell Opportunity • Feb 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ฿33.75. The fair value is estimated to be ฿42.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period. Ankündigung • Sep 25
Srisawad Corporation Public Company Limited LOCAL SHARES to Be Deleted from OTC Equity Srisawad Corporation Public Company Limited LOCAL SHARES (Thailand) will be deleted from OTC Equity effective September 24, 2024, due to Inactive Security. Price Target Changed • Aug 21
Price target decreased by 7.7% to ฿38.66 Down from ฿41.89, the current price target is an average from 16 analysts. New target price is 11% above last closing price of ฿34.75. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿3.51 for next year compared to ฿3.31 last year. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ฿34.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿46.80 per share. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Buy Or Sell Opportunity • Jul 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ฿32.75. The fair value is estimated to be ฿41.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Declared Dividend • Mar 02
Dividend reduced to ฿0.011 Dividend of ฿0.011 is 99% lower than last year. Ex-date: 8th May 2024 Payment date: 23rd May 2024 Dividend yield will be 0.03%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Mar 02
Srisawad Corporation Public Company Limited, Annual General Meeting, Apr 29, 2024 Srisawad Corporation Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:00 SE Asia Standard Time. Location: the Auditorium room, 3rd floor, 99/392 Srisawad building, Chaeng watthana road, Thugsonghong, Laksi Bangkok Thailand Agenda: To consider for approval the minutes of the Extraordinary General Meeting of Shareholders No.1/2023; to acknowledge the performance of the year 2023; to consider for approval the financial statements of the Company for the year 2023, ended December 31, 2023; to consider for approval the appropriation of net profit and dividend payment; to consider for approval the increase of the increase of registered capital from Baht 1, 430,382,656 To Baht 1,573,409,936 and allotment of new shares; to consider for approval the amendment of Memorandum of Association Clause 4 in compliance with the increase of registered capital; to consider for approval the re-appointment of directors who retired by rotation; to consider for approval the director remuneration for the year 2024; to consider for approval the appointment of the Company's auditor and determination of audit fee for the year 2024; and to consider for approval any other matters. Ankündigung • Mar 01
Srisawad Corporation Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2023, Payable on May 23, 2024 Srisawad Corporation Public Company Limited at its board meeting held on February 28, 2024 approved to propose Cash dividend for the year ended December 31, 2023 at ratio of THB 0.0115 per share, total amount THB 15,791,253. Determined to establish the list of shareholders who are entitled to receive dividend on May 9, 2024. Dividend payment date is May 23, 2024. Ex-dividend date is May 8, 2024. Upcoming Dividend • Apr 25
Upcoming dividend of ฿1.80 per share at 3.3% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.7%). Ankündigung • Jan 05
Srisawad Corporation Public Company Limited(SET:SAWAD) dropped from SET 50 Index Srisawad Corporation Public Company Limited has been removed from SET 50 Index . Price Target Changed • Nov 18
Price target decreased to ฿51.25 Down from ฿55.45, the current price target is an average from 14 analysts. New target price is 22% above last closing price of ฿42.00. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿3.26 for next year compared to ฿3.44 last year. Buying Opportunity • Aug 10
Now 23% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be ฿66.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 34% in 2 years. Earnings is forecast to grow by 33% in the next 2 years. Buying Opportunity • Jun 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be ฿66.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 34% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Apr 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be ฿66.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Apr 29
Upcoming dividend of ฿1.80 per share Eligible shareholders must have bought the stock before 05 May 2021. Payment date: 21 May 2021. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 25% share price gain to ฿78.50, the stock is trading at a trailing P/E ratio of 23.6x, up from the previous P/E ratio of 19x. This compares to an average P/E of 16x in the Consumer Finance industry in Thailand. Total returns to shareholders over the past three years are 51%. Is New 90 Day High Low • Mar 04
New 90-day high: ฿78.50 The company is up 28% from its price of ฿61.50 on 04 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿35.59 per share. Price Target Changed • Mar 04
Price target raised to ฿74.06 Up from ฿67.41, the current price target is an average from 13 analysts. The new target price is 5.7% below the current share price of ฿78.50. As of last close, the stock is up 13% over the past year. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 17%, compared to a 32% growth forecast for the Consumer Finance industry in Thailand. Is New 90 Day High Low • Jan 27
New 90-day high: ฿70.75 The company is up 44% from its price of ฿49.00 on 29 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿32.51 per share. Is New 90 Day High Low • Jan 07
New 90-day high: ฿69.25 The company is up 44% from its price of ฿48.25 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿32.00 per share. Is New 90 Day High Low • Dec 14
New 90-day high: ฿62.25 The company is up 35% from its price of ฿46.25 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿29.73 per share. Is New 90 Day High Low • Nov 20
New 90-day high: ฿55.25 The company is up 26% from its price of ฿43.75 on 21 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿26.08 per share. Analyst Estimate Surprise Post Earnings • Nov 16
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.9%. Earnings per share (EPS) exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 17%, compared to a 36% growth forecast for the Consumer Finance industry in Thailand. Is New 90 Day High Low • Nov 03
New 90-day high: ฿52.25 The company is up 13% from its price of ฿46.25 on 05 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿25.79 per share. 
