Company Summary
TVO THAI VEGETABLE OIL PUBLIC COMPANY LIMITED
Agro & Food Industry/Food & Beverage
SET100 / SETHD
CG Report:   
 
  Data as of 11 Dec 2018  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
27.50 37.25 / 26.00 10.54 2.71 808.61 22,236.80 27,293.78 2,198.98 9.37
News
Date/Time Subject
12 Nov 2018 18:33   Appointment of the Audit Committee
12 Nov 2018 18:32   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
12 Nov 2018 18:12   Financial Statement Quarter 3/2018 (Reviewed)
12 Nov 2018 18:11   Reviewed Quarter 3 and Consolidated F/S (F45-3)
25 Oct 2018 17:19   Invitation to Shareholders to propose agenda and qualified person to be nominated as Company's director as well as to submit questions prior to the 2019 Annual General Meeting of Shareholders
more

Company Profile
Address 149 RAJADAPISEK RD (THAPHRA-TAKSIN), BUKHALO, THON BURI Bangkok 10600
Telephone 0-2477-9020
Fax 0-2477-9880, 0-2477-9894
URL www.tvothai.com
Establish Date 28/3/1985 Listed Date 14/11/1990
IPO Price (Baht) 195.00 @Par10.00 Baht
IPO Financial Advisory N/A
Par 1.00 Baht
Last Par Change Old 10.00 : New 1.00 @ 03/09/2001

Business
Manufacture and distribution of soybean oil under the brand A-Ngoon, and raw material of animal feed such as soybean meal, dehulled soy meal, full fat soy, dehulled full fat soy. There are also lecithin, Soy Hull, Corn Oil, Sunflower oil, Canola oil and Anfora oil.

Free Float 22 Mar 2018 23 Mar 2017
% /Shareholders
62.51% 10,621 58.10% 7,094
Foreign Shareholders 5.78% (As of 11/12/2018) Foreign Limit 49.00%
NVDR Shareholders  5.96% (As of 11/12/2018)
3 Yr Price Performance (Adjusted Price)
Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
5 Days - 1.14 0.50
20 Days -4.35 -2.17 -2.30
60 Days -5.17 0.91 -2.92
120 Days -8.33 -0.35 -3.31
YTD -7.56 14.64 -0.77
P/E (X) 10.54 20.12 15.46
P/BV (X) 2.71 2.08 1.85
Turnover Ratio (%) 0.05 0.09 0.65

Top 10 Major Shareholders(@29 Aug 2018) Share %
1. น.ส. สุดารัตน์ วิทยฐานกรณ์ 61,110,800 7.56
2. นาย วิชัย วิทยฐานกรณ์ 58,767,228 7.27
3. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 53,390,340 6.60
4. นาง รัตนา จันทร์พิทักษ์ 45,000,000 5.57
5. บริษัท เชียร์ กรุ๊ป โฮลดิ้งส์ จำกัด 34,258,893 4.24
6. บริษัท โรงกลั่นน้ำมัน นครไชยศรี จำกัด 19,774,740 2.45
7. น.ส. อรัญญา วิทยฐานกรณ์ 18,384,869 2.27
8. นาย ชัยสิทธิ์ วิริยะเมตตากุล 15,830,000 1.96
9. นาย ทวีลาภ แจ่มใส 15,500,000 1.92
10. น.ส. วรนุช วิทยฐานกรณ์ 15,454,010 1.91

Management Position
1. Mr. SOMPOL KIATPHAIBOOL CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
2. Mr. BOWON VONGSINUDOM CHIEF EXECUTIVE OFFICER / VICE CHAIRMAN / PRESIDENT
3. MR. VICHIT VITAYATANAGORN DIRECTOR
4. Miss ARANYA VITAYATANAGORN DIRECTOR
5. MR. VICHAI VITAYATHANAGORN DIRECTOR
6. Mr. VACHARA VITAYATANAGORN DIRECTOR
7. Mr. PACHAI CHANPITAKSA DIRECTOR
8. Mr. EKARAT WONGSUPBHASATIGUL DIRECTOR
9. Mr. VORRAVUTH TANGPIROONTHUM DIRECTOR
10. Mr. APICHART CHIRABANDHU INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
11. Mr. CHAIPAT SAHASAKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
12. Mr. KITCHA URAIRONG INDEPENDENT DIRECTOR
Accumulated: Turnover Ratio, Value Trade/Day
Statistics YTD
11 Dec 2018
2017
29 Dec 2017
2016
30 Dec 2016
Listed share (M.) 808.61  808.61  808.61 
Market Cap (MB.) 22,236.80  24,056.18  32,748.74 
Price (B./share) 27.50  29.75  40.50 
BVPS (B./Share) 10.15  9.49  10.05 
P/BV (X) 2.71  3.13  4.03 
P/E (X) 10.54  19.34  12.99 
Turnover Ratio (%) 59.56  65.53  47.98 
Value Trade/Day (MB.) 65.67  69.34  47.57 
Beta 0.59  0.64  0.45 
 
Rate of Return YTD  2017  2016 
Price Change (%) -7.56  -26.54  80.80 
Dividend Yield (%) 5.20  9.24  4.69 
Payout Ratio 0.55  1.79  0.61 
Dividend Policy Not less than 60% of net earnings after tax in case of no urgent event

Dividend
Operation Period Dividend/Share Unit Payment Date Type
01 Jan 2018 - 30 Jun 2018 1.10 Baht 07 Sep 2018 Cash
01 Jul 2017 - 31 Dec 2017 0.85 Baht 25 May 2018 Cash
01 Jan 2017 - 30 Jun 2017 0.58 Baht 08 Sep 2017 Cash
01 Jul 2016 - 31 Dec 2016 1.50 Baht 25 May 2017 Cash
01 Jan 2016 - 30 Jun 2016 1.25 Baht 08 Sep 2016 Cash
01 Jul 2015 - 31 Dec 2015 0.90 Baht 26 May 2016 Cash
 
Auditor
(Effective Until 31/12/2018)
MISS SIRAPORN OUAANUNKUN/E Y OFFICE COMPANY LIMITED
MRS. CHONLAROS SUNTIASVARAPORN/E Y OFFICE COMPANY LIMITED
Mr. CHATCHAI KASEMSRITHANAWAT/E Y OFFICE COMPANY LIMITED
F/S Year ended 31/12
Latest Type of Report Unqualified opinion
Financial Data
Statement of Financial Position (MB.) 9M/2018 
(01/01/18 
-30/09/18) 
9M/2017 
(01/01/17 
-30/09/17) 
2017 
(01/01/17 
-31/12/17) 
2016 
(01/01/16 
-31/12/16) 
2015 
(01/01/15 
-31/12/15) 
Cash 191.60 267.07 202.24 296.34 252.23
A/R Net 1,427.12 1,213.39 1,399.15 1,464.20 1,489.21
Inventories 6,820.26 6,278.83 6,635.81 5,785.22 5,324.04
Current Assets 10,525.69 9,069.32 8,784.80 8,450.35 8,053.33
PP&E Net 2,778.71 2,517.26 2,680.09 2,491.94 2,188.76
Total Assets 13,456.80 11,724.95 11,615.05 11,083.06 10,411.53
OD - - - - -
A/P Net 2,468.20 2,495.28 1,491.11 1,704.84 2,181.34
Current portion of LT - - - - -
Current Liabilities 4,769.33 3,574.40 2,937.32 2,061.95 2,444.29
Non-Current Liabilities 112.87 112.31 111.41 105.36 76.89
Total Liabilities 4,882.20 3,686.70 3,048.73 2,167.31 2,521.18
Authorized Capital 808.61 808.61 808.61 808.61 808.61
Paid-Up Capital 808.61 808.61 808.61 808.61 808.61
Premium (Discount) on Share Capital 2,475.09 2,475.09 2,475.09 2,475.09 2,475.09
Other Surplus (Deficit) 28.38 - 28.38 - -
Retained Earnings (Deficit) 4,884.01 4,350.98 4,863.95 5,219.10 4,219.31
Treasury Stock - - - - -
Shareholders' Equity 8,208.22 7,675.35 8,188.49 8,542.63 7,539.63
Minority Interest 366.38 362.90 377.83 373.12 350.72
more
Statement of Comprehensive Income (MB.) 9M/2018 
(01/01/18 
-30/09/18) 
9M/2017 
(01/01/17 
-30/09/17) 
2017 
(01/01/17 
-31/12/17) 
2016 
(01/01/16 
-31/12/16) 
2015 
(01/01/15 
-31/12/15) 
Sales 18,792.63 18,418.36 24,568.14 28,243.38 26,302.11
Other Income 205.47 158.06 236.91 103.53 355.56
Total Revenues 18,998.10 18,576.42 24,805.05 28,346.91 26,657.67
COGs 16,130.97 16,668.56 21,924.43 23,725.87 23,168.96
SG&A 912.83 933.35 1,257.36 1,334.29 1,227.45
Total Expenses 17,043.79 17,601.91 23,221.23 25,060.16 24,396.41
EBITDA 2,198.98 1,219.82 1,933.67 3,619.59 2,604.12
Depre. & Amor. 244.67 245.31 349.85 332.83 342.86
EBIT 1,954.31 974.51 1,583.82 3,286.76 2,261.26
Net Profit 1,596.85 813.79 1,326.76 2,754.62 1,902.59
EPS (B.) 1.97 1.01 1.64 3.41 2.35
more
Statement of Cash Flow (MB.) 9M/2018 
(01/01/18 
-30/09/18) 
9M/2017 
(01/01/17 
-30/09/17) 
2017 
(01/01/17 
-31/12/17) 
2016 
(01/01/16 
-31/12/16) 
2015 
(01/01/15 
-31/12/15) 
Operating Cash Flow 2,668.61 1,356.68 533.10 2,266.71 4,690.30
Investing Cash Flow -1,823.23 -612.31 -103.03 -444.43 -1,025.14
Financing Cash Flow -856.03 -773.64 -524.16 -1,778.17 -3,665.43
Net Cash Flow -10.64 -29.27 -94.10 44.11 -0.27
more
Annualized: ROE, ROA
Ratios 9M/2018  9M/2017  2017  2016 
Current Ratio (X) 2.21 2.54 2.99 4.10
ROE (%) 26.57 15.74 15.86 34.26
ROA (%) 20.36 12.38 13.96 30.58
D/E (X) 0.59 0.48 0.37 0.25
Total Asset Turnover (X) 2.00 2.12 2.19 2.64
Gross Profit Margin (%) 14.16 9.50 10.76 15.99
EBIT Margin (%) 10.29 5.25 6.39 11.59
Net Profit Margin (%) 8.41 4.38 5.35 9.72

Information only PP, PO, XR and XD
Capital Movement (Last 3 Year)
Date CA Type Changed paid up share Paid up share Par
No Information Found

Growth Rate (%) 9M/2018  9M/2017  2017  2016 
Sales Growth 2.03 -13.01 -13.01 7.38
COGs Growth -3.23 -5.01 -7.59 2.40
Total Revenue Growth 2.27 -12.56 -12.49 6.34
Total Expense Growth -3.17 -4.74 -7.34 2.72
Net Profit Growth 96.22 -64.99 -51.84 44.78

Annualized
Cash Cycle 9M/2018  9M/2017  2017  2016 
A/R Turnover (Times) 18.89 19.32 17.16 19.13
Avg. Collection Period (Days) 19.32 18.89 21.27 19.08
Inventory Turnover (Times) 3.27 3.70 3.53 4.27
Avg. Inventory Period (Days) 111.78 98.71 103.39 85.45
A/P Turnover (Times) 8.62 7.61 13.72 12.21
Avg. Payment Period (Days) 42.35 47.95 26.60 29.89
Cash Cycle (Days) 88.74 69.65 98.06 74.64


Trading Sign (Latest)
Trading Alert Posted Date Lifted Date
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Market Alert (Latest)
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Only Preferred Share and Warrants
Other Securities
Securities Name -

Remark - Calculated from adjusted price
  - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
  - The information is quarterly updated within 7 business days after the new financial statement is submitted.
  -
 
Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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