Thai Vegetable Oil Public Company Limited
SET:TVO Stock Report
Thai Vegetable Oil Balance Sheet Health
Financial Health criteria checks 5/6 Thai Vegetable Oil has a total shareholder equity of THB10.8B and total debt of THB1.4B, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are THB14.7B and THB3.9B respectively. Thai Vegetable Oil's EBIT is THB1.4B making its interest coverage ratio -34.7. It has cash and short-term investments of THB388.0M.
Key information
13.2%
Debt to equity ratio
Interest coverage ratio -34.7x Cash ฿388.03m Equity ฿10.76b Total liabilities ฿3.93b Total assets ฿14.68b
Recent financial health updates
Show all updates
Consensus EPS estimates increase by 13%, revenue downgraded Sep 19
Price target increased by 15% to ฿25.20 Sep 18
First half dividend increased to ฿0.80 Aug 12
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Aug 10 Thai Vegetable Oil Public Company Limited Approves the Appointment of Sanipa Suradhat to Be Additional Member of the Environmental, Social, and Governance (ESG) Committee
Price target increased by 11% to ฿23.40 Jun 20
First quarter 2024 earnings released: EPS: ฿0.35 (vs ฿0.14 in 1Q 2023) May 11
Thai Vegetable Oil Public Company Limited Approves Dividend for the Last Six Months of 2023, Payable on May 17, 2024 Apr 27
Upcoming dividend of ฿0.65 per share Mar 06
Full year 2023 earnings: EPS and revenues miss analyst expectations Mar 02
Dividend reduced to ฿0.65 Mar 01 Thai Vegetable Oil Public Company Limited, Annual General Meeting, Apr 26, 2024
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Nov 14
Price target decreased by 7.7% to ฿20.73 Nov 04
Consensus EPS estimates fall by 37% Aug 18
New minor risk - Earnings quality Aug 13
Thai Vegetable Oil Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2023 to June 30, 2023, payable on 8 September 2023 Aug 13
Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿1.07 in 2Q 2022) Aug 12
Thai Vegetable Oil Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2023 to June 30, 2023, payable on 8 September 2023 Aug 12
Thai Vegetable Oil Public Company Limited Announces Board Changes Jul 23
Price target decreased by 12% to ฿24.85 May 22
Consensus EPS estimates fall by 26%, revenue upgraded May 20
First quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.74 in 1Q 2022) May 18
Thai Vegetable Oil Public Company Limited Announces Resignation of Kitcha Urairong as Independent Director and Member of the Nomination and Remuneration Committee May 04
Upcoming dividend of ฿0.85 per share at 0.9% yield Mar 17
Price target decreased to ฿28.48 Dec 17
Consensus forecasts updated Nov 18
Less than half of directors are independent Nov 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Nov 13
Thai Vegetable Oil Public Company Limited Approves Dividend, Payment Will Be Made on October 7, 2022 Sep 24
Upcoming dividend of ฿0.20 per share Aug 19
Consensus revenue estimates increase by 13% Aug 18 Thai Vegetable Oil Public Company Limited Proposes Cash Dividend, Payable on October 7, 2022
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Aug 14
Thai Vegetable Oil Public Company Limited Approves Chief Executive Officer Change Jul 23
First quarter 2022 earnings: EPS and revenues exceed analyst expectations May 16
Now 20% undervalued after recent price drop May 12
Less than half of directors are independent Apr 27
Upcoming dividend of ฿0.90 per share Mar 04
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Feb 27
Thai Vegetable Oil Public Company Limited Announces Dividend for the Six Months of 2021, Payable May 13, 2022 Feb 26
Third quarter 2021 earnings released: EPS ฿0.44 (vs ฿0.44 in 3Q 2020) Nov 18
Price target decreased to ฿35.18 Nov 13
Upcoming dividend of ฿1.30 per share Aug 20
Second quarter 2021 earnings released: EPS ฿0.90 (vs ฿0.42 in 2Q 2020) Aug 18
Price target decreased to ฿39.35 Aug 02
Consensus EPS estimates increase to ฿3.07 May 26
Consensus EPS estimates increase to ฿3.07 May 22
First quarter 2021 earnings released May 17
Independent Chairman Sompol Kiatphaibool has left the company Apr 25
Executive Director has left the company Apr 13
Upcoming Dividend of ฿0.80 Per Share Mar 05
Thai Vegetable Oil Public Company Limited, Annual General Meeting, Apr 23, 2021 Mar 02
Full year 2020 earnings released: EPS ฿2.05 (vs ฿1.74 in FY 2019) Mar 02
Revenue beats expectations, earnings disappoint Mar 02
Thai Vegetable Oil Public Company Limited Announces Executive Changes, Effective on January 28, 2021 Jan 29
Thai Vegetable Oil Public Company Limited Announces Board Changes Jan 14
New 90-day high: ฿35.50 Jan 06
Investor sentiment improved over the past week Dec 24
New 90-day low: ฿30.25 Dec 16
Price target raised to ฿39.25 Nov 18
Revenue and earnings miss expectations Nov 15
Third quarter 2020 earnings released: EPS ฿0.44 Nov 15 Thai Vegetable Oil Public Company Limited Acknowledges Resignation of Bowon Vongsinudom as Chief Executive Officer, Effective from January 1, 2021 Onwards
Price target raised to ฿31.70 Sep 18
New 90-day high - ฿31.25 Sep 14
Price target lowered to ฿29.20 Aug 18
New 90-day high - ฿28.75 Jul 17
Financial Position Analysis
Short Term Liabilities: TVO's short term assets (THB9.7B) exceed its short term liabilities (THB3.7B).
Long Term Liabilities: TVO's short term assets (THB9.7B) exceed its long term liabilities (THB209.1M).
Debt to Equity History and Analysis
Debt Level: TVO's net debt to equity ratio (9.6%) is considered satisfactory .
Reducing Debt: TVO's debt to equity ratio has increased from 4.4% to 13.2% over the past 5 years.
Debt Coverage: TVO's debt is well covered by operating cash flow (93.8%).
Interest Coverage: TVO earns more interest than it pays, so coverage of interest payments is not a concern.
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