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Sherwood Corporation (Thailand) PCL SWC.BK · THB

Materials · SET · 🇹🇭 Thailand

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5.00

—

Close of 9 Nov 2026, in THB

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At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 1.74bn

FY2016FY2025

Net income

THB 161.0m

FY2016FY2025

Free cash flow

THB 209.5m

FY2016FY2025

Shareholders' equity

THB 785.1m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 1.74bnTHB 1.69bnTHB 1.71bnTHB 1.69bnTHB 1.83bnTHB 1.30bnTHB 1.66bnTHB 1.62bnTHB 1.39bnTHB 1.24bn
Gross profitTHB 808.7mTHB 690.9mTHB 609.6mTHB 566.3mTHB 746.7mTHB 522.4mTHB 665.4mTHB 639.4mTHB 522.1mTHB 476.3m
Operating incomeTHB 227.7mTHB 180.7mTHB 104.0mTHB 56.5mTHB 213.7mTHB 109.1mTHB 220.0mTHB 232.9mTHB 219.6mTHB 195.2m
Net incomeTHB 161.0mTHB 119.4mTHB 55.9mTHB 23.6mTHB 146.2mTHB 67.7mTHB 171.3mTHB 185.7mTHB 177.0mTHB 154.9m
Diluted earnings per share0.320.240.120.050.330.160.400.620.590.51

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 1.36bnTHB 1.13bnTHB 1.15bnTHB 1.27bnTHB 1.22bnTHB 1.13bnTHB 1.30bnTHB 945.1mTHB 1.10bnTHB 941.0m
Cash and short-term investmentsTHB 532.9mTHB 448.0mTHB 326.5mTHB 311.2mTHB 258.6mTHB 221.2mTHB 214.8mTHB 120.1mTHB 398.3mTHB 239.1m
Total liabilitiesTHB 553.1mTHB 357.7mTHB 483.2mTHB 554.1mTHB 504.0mTHB 466.5mTHB 594.9mTHB 303.3mTHB 266.3mTHB 223.9m
DebtTHB 95.6mTHB 25.9mTHB 187.9mTHB 187.1mTHB 72.1mTHB 156.9mTHB 157.7m———
Shareholders' equityTHB 785.1mTHB 752.9mTHB 638.6mTHB 692.2mTHB 693.5mTHB 651.3mTHB 693.2mTHB 632.8mTHB 821.7mTHB 711.7m
Shares outstanding499m499m453m453m440m427m424m300m299m303m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 270.9mTHB 304.5mTHB 199.4mTHB 25.5mTHB 275.4mTHB 168.6mTHB 91.7mTHB 122.7mTHB 241.5mTHB 149.2m
Capital spending−THB 61.4m−THB 13.8m−THB 49.1m−THB 37.6m−THB 32.8m−THB 23.6m−THB 29.3m−THB 20.8m−THB 16.7m−THB 11.4m
Free cash flowTHB 209.5mTHB 290.7mTHB 150.3m−THB 12.0mTHB 242.6mTHB 145.0mTHB 62.4mTHB 101.9mTHB 224.9mTHB 137.9m
Dividends paid−THB 124.4m−THB 2.5m−THB 113.3m−THB 143.3m−THB 121.0m−THB 117.1m−THB 112.5m−THB 375.0m−THB 67.5m−THB 67.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 513.3mTHB 331.1mTHB 508.2mTHB 427.0mTHB 499.0mTHB 301.9mTHB 445.5mTHB 417.7m
Gross profitTHB 209.3mTHB 140.9mTHB 243.9mTHB 202.4mTHB 240.6mTHB 126.9mTHB 218.9mTHB 172.2m
Operating incomeTHB 100.3mTHB 37.1mTHB 66.5mTHB 71.2mTHB 52.8mTHB 38.3mTHB 40.3mTHB 52.4m
Net incomeTHB 75.6mTHB 28.0mTHB 43.4mTHB 54.1mTHB 35.9mTHB 27.7mTHB 25.8mTHB 35.6m
Diluted earnings per share0.150.060.090.110.070.060.050.07
Cash from operationsTHB 4.0mTHB 26.0mTHB 28.0mTHB 142.0mTHB 59.0mTHB 39.0mTHB 98.0mTHB 52.0m
Capital spending−THB 7.0m−THB 3.0m−THB 17.0m−THB 11.0m−THB 18.0m−THB 13.0m−THB 5.0m−THB 2.0m
Free cash flow−THB 3.0mTHB 23.0mTHB 11.0mTHB 131.0mTHB 41.0mTHB 26.0mTHB 93.0mTHB 50.0m
Total assetsTHB 1.32bnTHB 1.39bnTHB 1.36bnTHB 1.37bnTHB 1.25bnTHB 1.19bnTHB 1.13bnTHB 1.11bn
Cash and short-term investmentsTHB 452.3mTHB 552.6mTHB 532.9mTHB 527.1mTHB 451.2mTHB 472.6mTHB 448.0mTHB 353.3m
DebtTHB 61.9mTHB 61.7mTHB 81.9mTHB 51.1mTHB 32.3mTHB 23.8mTHB 17.8mTHB 25.5m
Shareholders' equityTHB 800.1mTHB 814.5mTHB 785.1mTHB 745.3mTHB 753.8mTHB 780.6mTHB 752.9mTHB 728.3m

Financial ratios

Data as of 30 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin46.6%41.0%35.7%33.4%40.9%40.3%
Operating margin13.1%10.9%6.1%3.3%11.7%8.4%
Net margin9.3%7.1%3.3%1.4%8.0%5.2%
Return on equity20.5%15.9%8.7%3.4%21.1%10.4%
Return on assets11.9%10.5%4.9%1.9%12.0%6.0%
Free cash flow yield13.4%12.8%11.0%2.8%14.1%9.0%
Revenue growth3.0%-1.4%0.9%-7.2%40.9%-21.8%
Earnings growth34.9%113.6%136.3%-83.8%116.0%-60.5%
Current ratio1.99x2.50x1.73x1.75x1.86x1.81x
Debt to equity0.08x0.02x0.26x0.24x0.08x0.22x
Equity ratio57.8%66.4%55.8%54.4%56.9%57.5%
Interest coverage71.21x67.88x15.75x29.07x112.16x16.26x
Buybacks as a share of market value-0.0%-10.0%0.0%-3.1%-3.0%-0.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.8%6.0%4.0%
Operating income59.2%15.9%3.9%
Net income89.5%18.9%2.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin43.8%39.2%39.7%39.3%
Operating margin11.9%8.3%9.0%11.2%
Net margin8.2%5.3%5.8%8.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings12.111.937.3112.524.627.88.014.713.110.0
Price to sales1.10.81.21.62.01.40.81.71.71.3

Dividends and splits

Per share, in the currency the company pays

Paid for 22 years. Last went ex-dividend on 26 Aug 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year0.250.0060.2270.3550.3410.3410.3411.136
  • 11-for-10 split · 7 May 2024
  • 2-for-1 split · 6 Mar 2019
  • 5-for-1 split · 21 Feb 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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