Company Summary
VPO VICHITBHAN PALMOIL PUBLIC COMPANY LIMITED
Agro & Food Industry/Agribusiness
SET
CG Report:   
 
  Data as of 29 May 2020  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
0.43 0.69 / 0.27 N/A 0.81 940.00 404.20 912.42 -24.21 9.07
News
Date/Time Subject
25 May 2020 08:16   Report on the progress of the dispute regarding the Palm Plantation Concession as per the order of the Supreme Administrative Court (Vichitbhan Palmoil Public Company Limited) (Edited)
22 May 2020 17:01   Report on the progress of the dispute regarding the Palm Plantation Concession as per the order of the Supreme Administrative Court (Vichitbhan Palmoil Public Company Limited)
13 May 2020 19:12   Appointment of Auditor
13 May 2020 18:30   The notification of the 2020 Annual General Meeting Agenda of Shareholders and the omission of dividend payment for the year 2019
13 May 2020 18:29   Financial Statement Quarter 1/2020 (Reviewed)
more

Company Profile
Address 2044 Chavananand Building, Petchburi Road, Bang Kapi, Huai Khwang Bangkok 10240
Telephone 0-2314-4101-5
Fax 0-2319-7989
URL www.vcbpalmoil.com
  Annual Report 2019
Establish Date 25/3/1987 Listed Date 24/11/2014
IPO Price (Baht) 2.70 @Par1.00 Baht
IPO Financial Advisory
  • THE QUANT GROUP CO., LTD.
  • MAYBANK KIM ENG SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change N/A

    Business
    The Company is a manufacturer and distributor of crude palm oil and its by-products including renewable energy produced from waste or residue from crude palm oil extraction.

    Free Float 07 Mar 2019 09 Mar 2018
    % /Shareholders
    32.23% 2,418 32.23% 2,604
    Foreign Shareholders 0.04% (As of 29/05/2020) Foreign Limit 49.00%
    NVDR Shareholders  0.49% (As of 29/05/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 16.22 5.95 12.85
    20 Days 13.16 -22.95 8.09
    60 Days -17.31 -46.55 -17.45
    120 Days -25.86 -49.61 -12.18
    YTD -30.65 -52.44 -18.41
    P/E (X) N/A 40.41 18.94
    P/BV (X) 0.81 1.24 1.48
    Turnover Ratio (%) 0.02 0.90 1.00

    Top 10 Major Shareholders(@05 Mar 2020) Share %
    1. MR. KRISADA CHAVANANAND 366,500,000 38.99
    2. MRS. Supaluck Tiasevanakul 72,000,000 7.66
    3. น.ส. ขจิตร ชวนะนันท์ 56,000,000 5.96
    4. นาย วิทยา ชวนะนันท์ 43,500,000 4.63
    5. นาย วัชระ ชวนะนันท์ 40,000,000 4.26
    6. นาย สำเริง มนูญผล 30,296,000 3.22
    7. นาง อังศณา วัฒนานุกิจ 24,000,000 2.55
    8. น.ส. เข็มเงิน ฉัตรชัยยัญ 24,000,000 2.55
    9. นาง รัตติยา เอื้อสุนทรวัฒนา 24,000,000 2.55
    10. บริษัท ชวนะนันท์ โฮลดิ้ง จำกัด 16,000,000 1.70

    Management Position
    1. Mr. BANDHOON SUPAKAVANICH CHAIRMAN COMMITTEE / INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    2. Mr. VORAVITH CHAVANANAND VICE PRESIDENT
    3. Mr. VITHAYA CHAVANANAND VICE PRESIDENT
    4. Mr. KRISADA CHAVANANAND MANAGING DIRECTOR / DIRECTOR
    5. Mrs. SUPALUCK TIASEVANAKUL DIRECTOR
    6. Mr. VATCHARA CHAVANANAND DIRECTOR
    7. Mr. JIRAPHANT ASVATANAKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    8. Mr. RACHADA SINGALAVANIJA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    29 May 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 940.00  940.00  940.00 
    Market Cap (MB.) 404.20  582.80  376.00 
    Price (B./share) 0.43  0.62  0.40 
    BVPS (B./Share) 0.53  0.61  0.72 
    P/BV (X) 0.81  1.01  0.56 
    P/E (X) N/A  N/A  N/A 
    Turnover Ratio (%) 4.01  53.14  10.74 
    Value Trade/Day (MB.) 0.16  1.21  0.31 
    Beta 0.71  0.43  0.66 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) -30.65  55.00  -49.37 
    Dividend Yield (%) N/A  N/A  N/A 
    Payout Ratio N/A  N/A  N/A 
    Dividend Policy Not less than 40% of the total net profit of the Company after taxation and legal reserve (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    No Information Found
     
    Auditor
    (Effective Until 31/12/2020)
    MR. PISIT THANGTANAGUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    Ms. NUNTIKA LIMVIRIYALERS/PRICEWATERHOUSE COOPERS ABAS LIMITED
    Ms. THITINUN WAENKAEW/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2020 
    (01/01/20 
    -31/03/20) 
    3M/2019 
    (01/01/19 
    -31/03/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash 6.85 3.30 0.39 0.94 1.06
    A/R Net 12.68 33.08 64.18 46.03 16.22
    Inventories 57.45 89.88 90.18 88.36 248.28
    Current Assets 76.98 126.27 154.75 135.34 265.56
    PP&E Net 912.85 1,057.24 949.56 1,091.49 1,211.09
    Total Assets 1,012.14 1,191.39 1,112.43 1,234.57 1,485.90
    OD 343.80 354.31 362.11 348.37 376.36
    A/P Net 16.48 31.34 19.49 21.78 60.64
    Current portion of LT 76.52 89.16 90.80 89.55 92.02
    Current Liabilities 440.29 476.48 474.48 461.18 531.86
    Non-Current Liabilities 74.78 134.82 68.69 156.68 244.62
    Total Liabilities 515.07 611.30 543.17 617.86 776.48
    Authorized Capital 940.00 940.00 940.00 940.00 940.00
    Paid-Up Capital 940.00 940.00 940.00 940.00 940.00
    Premium (Discount) on Share Capital 227.89 227.89 227.89 227.89 227.89
    Other Surplus (Deficit) -71.76 -71.76 -71.76 -71.76 -71.76
    Retained Earnings (Deficit) -599.06 -516.05 -526.87 -479.42 -386.71
    Treasury Stock - - - - -
    Shareholders' Equity 497.07 580.08 569.26 616.71 709.42
    Minority Interest - - - - -
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    Statement of Comprehensive Income (MB.) 3M/2020 
    (01/01/20 
    -31/03/20) 
    3M/2019 
    (01/01/19 
    -31/03/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Sales 182.24 223.49 1,078.70 1,266.09 1,388.50
    Other Income 0.25 3.39 7.91 7.23 2.70
    Total Revenues 182.49 226.87 1,086.61 1,273.33 1,391.19
    COGs 216.65 220.88 956.58 1,191.07 1,403.00
    SG&A 27.51 37.22 152.26 148.35 151.92
    Total Expenses 244.17 258.10 1,108.84 1,339.42 1,554.91
    EBITDA -24.21 6.96 131.73 92.06 -5.57
    Depre. & Amor. 37.47 38.19 153.96 158.15 158.15
    EBIT -61.67 -31.23 -22.23 -66.10 -163.72
    Net Profit -66.97 -36.63 -47.45 -92.70 -195.89
    EPS (B.) -0.07 -0.04 -0.05 -0.10 -0.21
    more
    Statement of Cash Flow (MB.) 3M/2020 
    (01/01/20 
    -31/03/20) 
    3M/2019 
    (01/01/19 
    -31/03/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 51.63 20.19 84.37 156.94 89.96
    Investing Cash Flow -1.51 -1.28 -9.02 -36.78 -20.57
    Financing Cash Flow -42.85 -16.49 -77.14 -120.79 -72.69
    Net Cash Flow 7.27 2.41 -1.80 -0.63 -3.30
    more
    Annualized: ROE, ROA
    Ratios 3M/2020  3M/2019  2019  2018 
    Current Ratio (X) 0.17 0.26 0.33 0.29
    ROE (%) -14.44 -21.13 -8.00 -13.98
    ROA (%) -4.78 -9.09 -1.89 -4.86
    D/E (X) 1.04 1.05 0.95 1.00
    Total Asset Turnover (X) 0.95 0.74 0.93 0.94
    Gross Profit Margin (%) -18.88 1.17 11.32 5.93
    EBIT Margin (%) -33.79 -13.77 -2.05 -5.19
    Net Profit Margin (%) -36.70 -16.15 -4.37 -7.28

    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/2020  3M/2019  2019  2018 
    Sales Growth -18.45 -60.72 -14.80 -8.82
    COGs Growth -1.91 -57.56 -19.69 -15.10
    Total Revenue Growth -19.56 -60.54 -14.66 -8.47
    Total Expense Growth -5.40 -53.83 -17.22 -13.86
    Net Profit Growth N/A N/A N/A N/A

    Annualized
    Cash Cycle 3M/2020  3M/2019  2019  2018 
    A/R Turnover (Times) 45.34 20.53 19.57 40.68
    Avg. Collection Period (Days) 8.05 17.78 18.65 8.97
    Inventory Turnover (Times) 12.93 12.54 10.72 7.08
    Avg. Inventory Period (Days) 28.23 29.11 34.06 51.58
    A/P Turnover (Times) 39.83 29.25 46.36 28.90
    Avg. Payment Period (Days) 9.16 12.48 7.87 12.63
    Cash Cycle (Days) 27.12 34.41 44.84 47.93


    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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