Board Change • May 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • Mar 11
Sawang Export Public Company Limited, Annual General Meeting, Apr 30, 2026 Sawang Export Public Company Limited, Annual General Meeting, Apr 30, 2026, at 14:30 SE Asia Standard Time. Location: mekha 2 room, c floor, grande centre point surawong, surawong road, bangrak, bangkok Thailand Reported Earnings • Mar 03
Full year 2025 earnings released: ฿1.00 loss per share (vs ฿1.49 loss in FY 2024) Full year 2025 results: ฿1.00 loss per share (improved from ฿1.49 loss in FY 2024). Revenue: ฿73.1m (down 31% from FY 2024). Net loss: ฿24.1m (loss narrowed 33% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. New Risk • Aug 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿3.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿3.4m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 0.2% per year over the past 5 years. Market cap is less than US$10m (฿198.0m market cap, or US$6.10m). Minor Risk Revenue is less than US$5m (฿87m revenue, or US$2.7m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: ฿0.33 loss per share (vs ฿0.11 loss in 2Q 2024) Second quarter 2025 results: ฿0.33 loss per share (further deteriorated from ฿0.11 loss in 2Q 2024). Revenue: ฿17.6m (down 36% from 2Q 2024). Net loss: ฿8.01m (loss widened 199% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2025 earnings released: ฿0.34 loss per share (vs ฿0.084 loss in 1Q 2024) First quarter 2025 results: ฿0.34 loss per share (further deteriorated from ฿0.084 loss in 1Q 2024). Revenue: ฿18.1m (down 34% from 1Q 2024). Net loss: ฿8.23m (loss widened 310% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year. Board Change • Apr 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • Mar 13
Sawang Export Public Company Limited, Annual General Meeting, Apr 25, 2025 Sawang Export Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:30 SE Asia Standard Time. Location: at mekha 2 room, c floor, grande centre point surawong, surawong road, bangrak, bangkok. Thailand New Risk • Feb 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿3.7m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (฿231.6m market cap, or US$6.80m). Minor Risk Revenue is less than US$5m (฿106m revenue, or US$3.1m). Reported Earnings • Aug 10
Second quarter 2024 earnings released: ฿0.11 loss per share (vs ฿0.014 profit in 2Q 2023) Second quarter 2024 results: ฿0.11 loss per share (down from ฿0.014 profit in 2Q 2023). Revenue: ฿27.5m (down 32% from 2Q 2023). Net loss: ฿2.68m (down ฿3.02m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 03
Now 26% overvalued Over the last 90 days, the stock has fallen 4.3% to ฿13.40. The fair value is estimated to be ฿10.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 46%. Reported Earnings • May 17
First quarter 2024 earnings released: ฿0.08 loss per share (vs ฿0.22 loss in 1Q 2023) First quarter 2024 results: ฿0.08 loss per share (improved from ฿0.22 loss in 1Q 2023). Revenue: ฿27.2m (up 52% from 1Q 2023). Net loss: ฿2.01m (loss narrowed 62% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • May 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • Mar 15
Sawang Export Public Company Limited, Annual General Meeting, Apr 29, 2024 Sawang Export Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:30 SE Asia Standard Time. Location: Mekha 2 Room, C Floor, Grande Centre Point Surawong Surawong Road, Bangrak Bangkok Thailand Agenda: To consider certifying the Annual General Meeting No.1/2023; to acknowledge the company's 2023 operational results; to consider approving the Statement of Financial Position and the statement of comprehensive income for the fiscal year ended December 31,2023; to consider approving the dividend omission for the operation year 2023; to consider appointing the company's directors to replace those retired by rotation; to consider approving the Board of Directors remuneration for the year 2024; to consider appointing the company's auditor and fixing the auditor's fee for the year 2024; and to consider other matters. Reported Earnings • Mar 02
Full year 2023 earnings released: ฿0.57 loss per share (vs ฿0.61 loss in FY 2022) Full year 2023 results: ฿0.57 loss per share (improved from ฿0.61 loss in FY 2022). Revenue: ฿119.7m (up 24% from FY 2022). Net loss: ฿13.6m (loss narrowed 7.3% from FY 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Feb 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.10 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿0.02 (up from ฿0.10 loss in 3Q 2022). Revenue: ฿39.7m (up 101% from 3Q 2022). Net income: ฿573.5k (up ฿3.06m from 3Q 2022). Profit margin: 1.4% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Nov 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.089 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.01 (up from ฿0.089 loss in 2Q 2022). Revenue: ฿40.7m (up 74% from 2Q 2022). Net income: ฿344.7k (up ฿2.47m from 2Q 2022). Profit margin: 0.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Board Change • Aug 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jun 23
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 5.9% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-฿7.7m free cash flow). Market cap is less than US$10m (฿345.6m market cap, or US$9.90m). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Revenue is less than US$5m (฿96m revenue, or US$2.7m). Board Change • May 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
Third quarter 2022 earnings released: ฿0.10 loss per share (vs ฿0.069 loss in 3Q 2021) Third quarter 2022 results: ฿0.10 loss per share (further deteriorated from ฿0.069 loss in 3Q 2021). Revenue: ฿21.4m (up 21% from 3Q 2021). Net loss: ฿2.49m (loss widened 50% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 17
Second quarter 2022 earnings released: ฿0.09 loss per share (vs ฿0.018 loss in 2Q 2021) Second quarter 2022 results: ฿0.09 loss per share (down from ฿0.018 loss in 2Q 2021). Revenue: ฿23.4m (up 27% from 2Q 2021). Net loss: ฿2.13m (loss widened 401% from 2Q 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Reported Earnings • May 20
First quarter 2022 earnings released: ฿0.17 loss per share (vs ฿0.21 loss in 1Q 2021) First quarter 2022 results: ฿0.17 loss per share (up from ฿0.21 loss in 1Q 2021). Revenue: ฿18.7m (down 15% from 1Q 2021). Net loss: ฿4.06m (loss narrowed 21% from 1Q 2021). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 18
Third quarter 2021 earnings released: ฿0.07 loss per share (vs ฿0.33 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ฿17.8m (up 6.0% from 3Q 2020). Net loss: ฿1.66m (loss narrowed 79% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Board Change • Oct 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Apirapom Vasavakul was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 19
Second quarter 2021 earnings released: ฿0.02 loss per share (vs ฿0.35 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿18.4m (up 60% from 2Q 2020). Net loss: ฿425.0k (loss narrowed 95% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 19
First quarter 2021 earnings released: ฿0.21 loss per share (vs ฿0.23 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿22.0m (down 48% from 1Q 2020). Net loss: ฿5.13m (down 191% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2020 earnings released: ฿1.43 loss per share (vs ฿1.52 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ฿98.0m (up 12% from FY 2019). Net loss: ฿34.3m (loss narrowed 5.9% from FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ฿0.33 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: ฿16.8m (down 23% from 3Q 2019). Net loss: ฿7.85m (loss narrowed 5.1% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 