Company Summary
TVO THAI VEGETABLE OIL PUBLIC COMPANY LIMITED
Agro & Food Industry/Food & Beverage
SET100 / SETHD / SETTHSI / SETWB
CG Report:   
 
  Data as of 23 Jul 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
32.25 37.50 / 26.25 12.76 2.60 808.61 26,077.70 28,740.30 1,202.85 9.74
News
Date/Time Subject
16 Jul 2021 19:01   Resignation of the Independent Director and the Audit Committee Member
14 May 2021 18:55   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2021
14 May 2021 18:54   Notification of the appointment of the Vice Chairman and the Advisor to the Board of Directors
14 May 2021 17:44   Financial Performance Quarter 1 (F45) (Reviewed)
14 May 2021 17:43   Financial Statement Quarter 1/2021 (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 2020
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 15 Mar 2021 29 May 2020
% /Shareholders
66.59% 14,882 61.94% 12,016
Foreign Shareholders 5.98% (As of 23/07/2021) Foreign Limit 49.00%
NVDR Shareholders  4.70% (As of 23/07/2021)
5 Yr Price Performance (Adjusted Price)
Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
5 Days -1.53 -0.58 0.34
20 Days 2.38 0.09 5.49
60 Days - -6.04 0.55
120 Days -6.52 -15.30 -9.38
YTD -4.44 -18.68 -10.37
P/E (X) 12.76 37.00 29.36
P/BV (X) 2.60 2.24 1.70
Turnover Ratio (%) 0.11 0.69 1.12

Top 10 Major Shareholders(@15 Mar 2021) Share %
1. น.ส. สุดารัตน์ วิทยฐานกรณ์ 60,828,900 7.52
2. นาย วิชัย วิทยฐานกรณ์ 58,767,228 7.27
3. นาง รัตนา จันทร์พิทักษ์ 46,615,600 5.76
4. บริษัท Thai NVDR Company Limited 39,396,135 4.87
5. บริษัท CHEER GROUP HOLDINGS CO.,LTD. 34,416,793 4.26
6. นาย ทวีลาภ แจ่มใส 27,500,000 3.40
7. บริษัท โรงกลั่นน้ำมัน นครไชยศรี จำกัด 19,774,740 2.45
8. น.ส. ARUNYA VITAYATANAGORN 18,384,869 2.27
9. นาย ชัยยงค์ วิทยฐานกรณ์ 14,237,500 1.76
10. น.ส. วรนุช วิทยฐานกรณ์ 13,829,010 1.71

Management Position
1. Mr. SUVIT MAESINCEE CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
2. Mr. APICHART CHIRABANDHU VICE CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
3. Mr. CHARUPHOT NEESANANT CHIEF EXECUTIVE OFFICER (ACTING)
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. KUNA VITAYATANAGORN DIRECTOR
11. Mr. CHAIPAT SAHASAKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
12. Mr. KITCHA URAIRONG INDEPENDENT DIRECTOR
Accumulated: Turnover Ratio, Value Trade/Day
Statistics YTD
23 Jul 2021
2020
30 Dec 2020
2019
30 Dec 2019
Listed share (M.) 808.61  808.61  808.61 
Market Cap (MB.) 26,077.70  27,290.62  22,236.80 
Price (B./share) 32.25  33.75  27.50 
BVPS (B./Share) 12.39  10.70  10.23 
P/BV (X) 2.60  3.15  2.69 
P/E (X) 12.76  17.21  17.30 
Turnover Ratio (%) 73.68  79.41  29.23 
Value Trade/Day (MB.) 149.73  80.15  26.19 
Beta 0.16  0.43  0.67 
 
Rate of Return YTD  2020  2019 
Price Change (%) -4.44  22.73  3.77 
Dividend Yield (%) 5.27  4.30  6.91 
Payout Ratio 0.67  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 Jul 2020 - 31 Dec 2020 0.80 Baht 14 May 2021 Cash
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
 
Auditor
(Effective Until 31/12/2021)
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
Financial Data
Statement of Financial Position (MB.) 3M/2021 
(01/01/21 
-31/03/21) 
3M/2020 
(01/01/20 
-31/03/20) 
2020 
(01/01/20 
-31/12/20) 
2019 
(01/01/19 
-31/12/19) 
2018 
(01/01/18 
-31/12/18) 
Cash And Cash Equivalents 331.90 1,189.61 389.79 255.47 214.40
A/R Net 1,810.10 1,515.67 1,238.38 1,182.37 1,177.25
Inventories 5,263.08 5,042.28 6,873.35 6,625.35 5,382.03
Current Assets 9,542.45 8,471.03 10,437.55 8,579.52 8,103.35
PP&E Net 3,126.69 3,074.69 3,141.37 3,025.84 2,791.28
Non-Current Assets 3,469.89 3,391.04 3,470.56 3,186.03 2,934.65
Total Assets 13,012.34 11,862.07 13,908.11 11,765.55 11,038.00
OD - - 997.50 - 326.15
A/P Net 1,786.69 1,574.10 2,828.15 2,247.59 1,418.52
Current portion of LT - - - - -
Current Liabilities 2,390.12 1,994.70 4,195.65 2,559.30 2,072.97
Non-Current Liabilities 178.81 169.26 177.75 156.95 119.60
Total Liabilities 2,568.93 2,163.96 4,373.39 2,716.25 2,192.57
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
Retained Earnings (Deficit) 6,530.54 5,820.44 5,648.17 5,344.06 5,146.45
Treasury Stock - - - - -
Shares Of The Company Held By Subsidiaries - - - - -
Other Components Of Equity 203.61 189.14 191.19 36.89 38.72
 - Surplus (Deficits) 28.38 28.38 28.38 28.38 38.72
Shareholders' Equity 10,017.84 9,293.28 9,123.07 8,664.65 8,468.87
Minority Interest 425.56 404.82 411.65 384.65 376.56
more
Statement of Comprehensive Income (MB.) 3M/2021 
(01/01/21 
-31/03/21) 
3M/2020 
(01/01/20 
-31/03/20) 
2020 
(01/01/20 
-31/12/20) 
2019 
(01/01/19 
-31/12/19) 
2018 
(01/01/18 
-31/12/18) 
Revenue From Operations 7,728.94 6,575.56 24,962.63 23,587.41 25,076.71
Other Income 16.45 11.91 65.73 131.49 109.01
Total Revenues 7,745.40 6,587.98 25,046.43 23,743.99 25,236.74
Costs 6,465.84 5,791.34 22,107.14 21,230.90 21,799.05
Selling And Administrative Expenses 180.87 199.43 798.48 761.06 1,231.81
Total Cost And Expenses 6,660.06 5,990.76 22,925.87 21,989.70 23,018.54
EBITDA 1,202.85 743.29 2,492.60 2,181.59 2,646.70
Depre. & Amor. 85.47 98.81 353.71 371.25 339.12
EBIT 1,117.38 644.48 2,138.89 1,810.34 2,307.59
Net Profit : Owners Of The Parent 882.36 493.68 1,655.80 1,410.53 1,867.44
EPS (B.) 1.09 0.61 2.05 1.74 2.31
more
Statement of Cash Flow (MB.) 3M/2021 
(01/01/21 
-31/03/21) 
3M/2020 
(01/01/20 
-31/03/20) 
2020 
(01/01/20 
-31/12/20) 
2019 
(01/01/19 
-31/12/19) 
2018 
(01/01/18 
-31/12/18) 
Operating Cash Flow 1,202.72 1,228.73 2,343.12 1,321.39 3,652.23
Investing Cash Flow -260.95 -293.49 -1,839.95 295.22 -1,148.66
Financing Cash Flow -999.67 -1.10 -368.84 -1,575.54 -2,491.41
Net Cash Flow -57.89 934.14 134.32 41.07 12.16
more
Annualized: ROE, ROA
Ratios 3M/2021  3M/2020  2020  2019 
Current Ratio (X) 3.99 4.25 2.49 3.35
ROE (%) 21.17 17.07 18.62 16.47
ROA (%) 21.00 16.64 16.66 15.88
D/E (X) 0.25 0.22 0.46 0.30
Total Asset Turnover (X) 2.11 2.03 1.95 2.08
Gross Profit Margin (%) 16.34 11.93 11.44 9.99
EBIT Margin (%) 14.43 9.78 8.54 7.62
Net Profit Margin (%) 11.57 7.85 6.88 6.13

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 (%) 3M/2021  3M/2020  2020  2019 
Sales Growth 17.54 9.75 5.83 -5.94
COGs Growth 11.65 7.47 4.13 -2.61
Total Revenue Growth 17.57 9.45 5.49 -5.91
Total Expense Growth 11.17 7.51 4.26 -4.47
Net Profit Growth 78.73 38.06 17.39 -24.47

Annualized
Cash Cycle 3M/2021  3M/2020  2020  2019 
A/R Turnover (Times) 15.71 16.57 20.62 19.99
Avg. Collection Period (Days) 23.24 22.03 17.70 18.26
Inventory Turnover (Times) 4.42 4.23 3.28 3.54
Avg. Inventory Period (Days) 82.55 86.19 111.44 103.21
A/P Turnover (Times) 13.56 11.03 8.71 11.58
Avg. Payment Period (Days) 26.92 33.10 41.90 31.51
Cash Cycle (Days) 78.87 75.11 87.23 89.96


Trading Sign (Latest)
Trading Alert Posted Date Lifted Date
No Information Found

Market Alert (Latest)
No Information Found
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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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