Company Summary
TVO THAI VEGETABLE OIL PUBLIC COMPANY LIMITED
Agro & Food Industry/Food & Beverage
SET100 / SETHD / SETTHSI / SETWB
CG Report:   
 
  Data as of 15 Jan 2021  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
35.25 37.00 / 20.60 17.98 3.29 808.61 28,503.54 30,657.58 1,812.90 12.70
News
Date/Time Subject
13 Jan 2021 18:59   Notification of the appointment of Director in replacement of resigning Director
18 Dec 2020 19:17   The Notification of Acting Chief Executive Officer
16 Nov 2020 08:48   Notification of Resignation of Director and Chief Executive Officer (Edit Headline)
13 Nov 2020 18:58   Notification of Resignation of Director
13 Nov 2020 18:44   Financial Statement Quarter 3/2020 (Reviewed)
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
  Annual Report 2019
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 29 May 2020 14 Mar 2019
% /Shareholders
61.94% 12,016 62.42% 12,354
Foreign Shareholders 5.74% (As of 15/01/2021) Foreign Limit 49.00%
NVDR Shareholders  5.34% (As of 15/01/2021)
5 Yr Price Performance (Adjusted Price)
Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
5 Days 1.44 -1.14 2.59
20 Days 15.57 14.86 12.38
60 Days 1.44 -7.01 -17.00
120 Days 23.68 22.22 10.26
YTD 4.44 -0.33 -0.35
P/E (X) 17.98 26.06 30.34
P/BV (X) 3.29 2.04 1.72
Turnover Ratio (%) 0.32 0.56 1.50

Top 10 Major Shareholders(@31 Aug 2020) Share %
1. น.ส. สุดารัตน์ วิทยฐานกรณ์ 61,110,800 7.56
2. นาย วิชัย วิทยฐานกรณ์ 58,767,228 7.27
3. นาง รัตนา จันทร์พิทักษ์ 46,765,600 5.78
4. บริษัท Thai NVDR Company Limited 46,641,556 5.77
5. นาย ทวีลาภ แจ่มใส 21,110,000 2.61
6. บริษัท โรงกลั่นน้ำมัน นครไชยศรี จำกัด 19,774,740 2.45
7. บริษัท CHEER GROUP HOLDINGS CO.,LTD. 19,516,793 2.41
8. น.ส. ARUNYA VITAYATANAGORN 18,384,869 2.27
9. น.ส. วรนุช วิทยฐานกรณ์ 14,279,010 1.77
10. นาย ชัยยงค์ วิทยฐานกรณ์ 14,237,500 1.76

Management Position
1. Mr. SOMPOL KIATPHAIBOOL CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
2. Mr. CHARUPHOT NEESANANT CHIEF EXECUTIVE OFFICER (ACTING)
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. SUVIT MAESINCEE DIRECTOR
11. Mr. APICHART CHIRABANDHU INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
12. Mr. CHAIPAT SAHASAKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
13. Mr. KITCHA URAIRONG INDEPENDENT DIRECTOR
Accumulated: Turnover Ratio, Value Trade/Day
Statistics YTD
15 Jan 2021
2020
30 Dec 2020
2019
30 Dec 2019
Listed share (M.) 808.61  808.61  808.61 
Market Cap (MB.) 28,503.54  27,290.62  22,236.80 
Price (B./share) 35.25  33.75  27.50 
BVPS (B./Share) 10.70  10.70  10.23 
P/BV (X) 3.29  3.15  2.69 
P/E (X) 17.98  17.21  17.30 
Turnover Ratio (%) 5.87  79.41  29.23 
Value Trade/Day (MB.) 167.30  80.15  26.19 
Beta 0.41  0.43  0.67 
 
Rate of Return YTD  2020  2019 
Price Change (%) 4.44  22.73  3.77 
Dividend Yield (%) 4.11  4.30  6.91 
Payout Ratio 0.84  0.84  0.94 
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 2020 - 30 Jun 2020 0.90 Baht 11 Sep 2020 Cash
01 Jul 2019 - 31 Dec 2019 0.75 Baht 08 May 2020 Cash
01 Jan 2019 - 30 Jun 2019 0.70 Baht 06 Sep 2019 Cash
01 Jul 2018 - 31 Dec 2018 0.80 Baht 17 May 2019 Cash
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
 
Auditor
(Effective Until 31/12/2020)
MISS SIRAPORN OUAANUNKUN/EY OFFICE LIMITED
MRS. CHONLAROS SUNTIASVARAPORN/EY OFFICE LIMITED
Mr. CHATCHAI KASEMSRITHANAWAT/EY OFFICE LIMITED
F/S Year ended 31/12
Latest Type of Report Unqualified opinion with an emphasis of matters
Financial Data
Statement of Financial Position (MB.) 9M/2020 
(01/01/20 
-30/09/20) 
9M/2019 
(01/01/19 
-30/09/19) 
2019 
(01/01/19 
-31/12/19) 
2018 
(01/01/18 
-31/12/18) 
2017 
(01/01/17 
-31/12/17) 
Cash 249.31 266.30 255.47 214.40 202.24
A/R Net 1,272.71 1,330.92 1,182.37 1,177.25 1,399.15
Inventories 5,123.52 4,199.19 6,625.35 5,382.03 6,635.81
Current Assets 7,604.74 8,197.12 8,579.52 8,103.35 8,784.80
PP&E Net 3,147.02 2,963.26 3,025.84 2,791.28 2,680.09
Total Assets 11,057.84 11,322.05 11,765.55 11,038.00 11,615.05
OD - - - - -
A/P Net 1,589.18 2,282.67 2,247.59 1,418.52 1,491.11
Current portion of LT - - - - -
Current Liabilities 1,833.80 2,511.93 2,559.30 2,072.97 2,937.32
Non-Current Liabilities 172.34 162.86 156.95 119.60 111.41
Total Liabilities 2,006.15 2,674.78 2,716.25 2,192.57 3,048.73
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 28.38 38.72 28.38
Retained Earnings (Deficit) 5,182.02 4,948.25 5,344.06 5,146.45 4,863.95
Treasury Stock - - - - -
Shareholders' Equity 8,654.48 8,268.76 8,664.65 8,468.87 8,188.49
Minority Interest 397.20 378.51 384.65 376.56 377.83
more
Statement of Comprehensive Income (MB.) 9M/2020 
(01/01/20 
-30/09/20) 
9M/2019 
(01/01/19 
-30/09/19) 
2019 
(01/01/19 
-31/12/19) 
2018 
(01/01/18 
-31/12/18) 
2017 
(01/01/17 
-31/12/17) 
Sales 18,335.84 17,704.09 23,587.41 25,076.71 24,568.14
Other Income 85.93 173.38 214.89 249.42 236.91
Total Revenues 18,421.76 17,877.46 23,802.30 25,326.13 24,805.05
COGs 16,300.65 15,991.10 21,230.90 21,799.05 21,924.43
SG&A 575.22 579.17 761.06 1,231.81 1,257.36
Total Expenses 16,875.86 16,572.51 21,991.96 23,018.54 23,221.23
EBITDA 1,812.90 1,580.02 2,181.59 2,646.70 1,933.67
Depre. & Amor. 267.00 275.07 371.25 339.12 349.85
EBIT 1,545.90 1,304.95 1,810.34 2,307.59 1,583.82
Net Profit 1,189.64 1,014.72 1,410.53 1,867.44 1,326.76
EPS (B.) 1.47 1.25 1.74 2.31 1.64
more
Statement of Cash Flow (MB.) 9M/2020 
(01/01/20 
-30/09/20) 
9M/2019 
(01/01/19 
-30/09/19) 
2019 
(01/01/19 
-31/12/19) 
2018 
(01/01/18 
-31/12/18) 
2017 
(01/01/17 
-31/12/17) 
Operating Cash Flow 2,158.46 3,061.12 1,321.39 3,652.23 533.10
Investing Cash Flow -797.60 -1,434.30 295.22 -1,148.66 -103.03
Financing Cash Flow -1,367.02 -1,574.92 -1,575.54 -2,491.41 -524.16
Net Cash Flow -6.16 51.90 41.07 12.16 -94.10
more
Annualized: ROE, ROA
Ratios 9M/2020  9M/2019  2019  2018 
Current Ratio (X) 4.15 3.26 3.35 3.91
ROE (%) 18.74 15.60 16.47 22.42
ROA (%) 18.33 13.38 15.88 20.37
D/E (X) 0.23 0.32 0.31 0.26
Total Asset Turnover (X) 2.18 1.95 2.09 2.24
Gross Profit Margin (%) 11.10 9.68 9.99 13.07
EBIT Margin (%) 8.39 7.30 7.61 9.11
Net Profit Margin (%) 6.46 5.68 5.93 7.37

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/2020  9M/2019  2019  2018 
Sales Growth 3.57 -5.79 -5.94 2.07
COGs Growth 1.94 -0.87 -2.61 -0.57
Total Revenue Growth 3.04 -5.90 -6.02 2.10
Total Expense Growth 1.83 -2.77 -4.46 -0.87
Net Profit Growth 17.24 -36.45 -24.47 40.75

Annualized
Cash Cycle 9M/2020  9M/2019  2019  2018 
A/R Turnover (Times) 18.60 17.40 19.99 19.47
Avg. Collection Period (Days) 19.62 20.98 18.26 18.75
Inventory Turnover (Times) 4.62 3.93 3.54 3.63
Avg. Inventory Period (Days) 78.99 92.85 103.21 100.61
A/P Turnover (Times) 11.13 9.12 11.58 14.98
Avg. Payment Period (Days) 32.80 40.03 31.51 24.36
Cash Cycle (Days) 65.80 73.80 89.96 95.00


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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