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Thai Vegetable Oil Public Co. Ltd.

Thai Vegetable Oil Public Co. Ltd.

29.00
THB
0.00
(0.00%)
2.99EPS
8.88P/E
23.13BMarket Cap
Nov 06Next Earn
Thai Vegetable Oil Public Co. Ltd.
SET:TVO.R
(Stock Exchange of Thailand)

Recent

price

29.00

P/E

ratio

8.88

div

yld

6.80%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
25.91
27.7
31.05
29.06
28.9
29.53
31.78
27.61
27.97
26.45
28.1
35.2
43.88
38.43
34.33
31.24
34.18
Revenue per Share
1.92
0.85
2.05
1.08
1.89
2.14
3.1
1.49
2.1
1.58
1.86
2.32
1.8
0.82
2.36
2.46
2.93
Basic EPS, GAAP
0.43
0.2
-0.97
2.37
2.67
5.09
1.88
0.02
3.61
0.8
2.1
0.53
2.23
0.33
4.09
1.39
0.57
Free Cash Flow per Basic Share
1.31
1.36
1
1.18
1.46
1.68
1.96
1.89
1.77
1.36
1.5
1.91
1
1.01
1.45
1.73
1.97
Dividend per Share
7.22
6.65
7.67
7.56
8.03
8.48
9.6
9.21
9.52
9.74
10.26
10.69
11.51
11.32
12.28
13
13.62
Book Value per Share
7.22
6.64
7.66
7.52
8
8.44
9.58
9.16
9.48
9.71
10.21
10.66
11.48
11.29
12.25
12.98
13.57
Tangible Book Value per Share
796
849
881
887
888
891
889
890
889
892
888
889
891
890
891
890
886
Basic Weighted Avg Shares
20,624
23,510
27,350
25,762
25,667
26,302
28,243
24,568
24,869
23,587
24,963
31,307
39,107
34,195
30,596
27,793
30,289
Sales/Revenue/Turnover
9.71
3.87
7.43
4.4
7.49
7.37
11.31
5.48
8.28
6.77
8.2
6.85
5.1
1.84
7.89
9.53
8.58
Operating Margin (%)
306
323
331
326
349
343
333
350
339
371
354
344
325
296
303
384
448
Depreciation Expense
1,525
725
1,809
959
1,679
1,903
2,755
1,327
1,867
1,411
1,656
2,068
1,604
730
2,103
2,189
2,594
Net Income, GAAP
23.18
22.47
12.77
11.35
11.7
13.18
14.16
12.82
17.27
19.47
19.33
19.81
19.79
19.32
18.95
17.93
15.01
Effective Tax Rate (%)
7.39
3.09
6.61
3.72
6.54
7.23
9.75
5.4
7.51
5.98
6.63
6.6
4.1
2.13
6.87
7.88
8.56
Profit Margin (%)
3,265
3,046
4,043
4,222
5,026
5,609
6,388
5,847
6,030
6,020
6,242
6,601
7,284
6,489
6,386
6,888
7,420
Working Capital
80
81
43
66
39
- -
- -
- -
- -
- -
20
15
11
5
1
8
9
LT Debt
6,224
5,814
6,982
6,874
7,467
7,890
8,916
8,566
8,845
9,049
9,535
9,905
10,625
10,468
11,332
11,985
12,526
Total Equity
20.48
8.65
17.56
10.8
16.73
19.44
32.26
12.04
17.91
15.76
17.39
19.56
15.18
7.22
19.59
18.98
21.53
Return on Invested Capital (%)
20.51
8.4
17.78
8.75
16.72
21.16
32.06
13.69
19.34
15.02
16.24
18.94
14.67
6.87
18.92
18.3
20.98
Return on Capital (%)
28.18
12.45
28.94
14.16
24.23
25.92
34.26
15.86
22.42
16.47
18.62
22.19
16.25
7.19
20.04
19.47
22.18
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
8
9
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
889
889
889
Market Capitalization
19,924
22,237
23,126

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,261
12,152
10,975
Cash, Cash Equivalents & STI
2,803
2,667
1,808
Accounts Receivable, Net
1,590
2,248
1,681
Inventories
4,781
6,912
7,230
Total Current Liabilities
2,373
4,515
3,554
Payables & Accruals
2,012
4,218
3,380
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.37%
4.74%
5.76%
Free Cash Flow
2,482.37%
249.87%
-66.16%
Net Income, GAAP
16.69%
28.06%
4.07%
Sales/Revenue/Turnover
1.44%
3.62%
-9.16%
Total Cash Common Dividend
3.72%
8.71%
19.3%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,713
7,238
7,724
7,921
30,596
2025
6,856
6,660
6,405
7,873
27,793
2026
7,727
8,285
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.62
0.49
0.91
2.36
2025
0.6
0.73
0.55
0.59
2.46
2026
0.8
0.99
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.65
0.8
- -
1.45
2025
- -
0.93
0.8
- -
1.73
2026
- -
1.17
- -
- -
- -
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Business
Thai Vegetable Oil Public Company Limited manufactures and distributes soybean oil, soy meal, and related products primarily in Thailand and for export markets. The company produces edible oils including soybean, sunflower, corn, and canola oils under the A-Ngoon, Champ, Healthy Chef, and Queen brands; olive oil under the Monini brand; and Camellia oleifera oil, as well as canned fish products under the Siam Yim and Dolly brands; it offers animal feed products such as dehulled soymeal, hipromeal, dehulled full fat soy, full fat soy, soy hull, and lecithin under the TVO brand including TVO HiproMeal, TVO Dehulled Soymeal, and TVO Full Fat Soy; additional products encompass crude degummed soybean oil, industrial oils, and packaging materials through its subsidiary Prodigy Public Company Limited. Founded in 1985 and listed on the Stock Exchange of Thailand in 1990, Thai Vegetable Oil operates from its headquarters at 149 Ratchadapisek Road (Thapra-Taksin), Bukkhalow, Thonburi, Bangkok, with a production facility in Nakhon Pathom province boasting a soybean crushing capacity of 6,000 tons per day. Recent developments include winning Best Public Company of the Year 2025 in the food sector from the Money & Banking Awards 2025; receiving the AAA rating in the SET ESG Ratings 2024 and CSR-DIW Continuous and CSR-DIW Awards 2024 for sustainability leadership; renewing membership in the Thai Private Sector Collective Action Against Corruption for a second time; and partnering with BIG to implement a carbon management platform for greenhouse gas verification, supporting its carbon neutrality target by 2045.