Thai Vegetable Oil Management

Management criteria checks 4/4

Thai Vegetable Oil's CEO is Pachai Chanpitaksa, appointed in Aug 2022, has a tenure of 2.42 years. directly owns 0.98% of the company’s shares, worth THB199.00M. The average tenure of the management team and the board of directors is 3 years and 7.8 years respectively.

Key information

Pachai Chanpitaksa

Chief executive officer

฿140.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	2.4yrs
CEO ownership	1.0%
Management average tenure	3yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO

Pachai Chanpitaksa (39 yo)

2.4yrs

Tenure

฿140,000

Compensation

Mr. Pachai Chanpitaksa was Managing Director of Thai Vegetable Oil Public Company Limited until August 01, 2022 and served as its Chief Operating Officer of Production until August 2022. He is a Director o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pachai Chanpitaksa	CEO & Director	2.4yrs	฿140.00k	0.98% THB 199.0m
Krit Kongkaew	Head of the Internal Audit Department & Head of Compliance	no data	no data	no data
Suchai Visesleela	Managing Director	3yrs	no data	no data
Kanutsorn Bunditnate	Company Secretary & Director of the CEO Office	6.4yrs	no data	no data

3.0yrs

Average Tenure

55yo

Average Age

Experienced Management: TVO's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pachai Chanpitaksa	CEO & Director	9.8yrs	฿140.00k	0.98% THB 199.0m
Vichai Vitayathanagorn	Director	8.7yrs	฿60.00k	7.55% THB 1.5b
Suvit Maesincee	Independent Chairman of the Board	4yrs	฿2.16m	no data
Apichart Chirabandhu	Independent Vice Chairman of the Board	6.9yrs	฿1.41m	no data
Vorravuth Tangpiroonthum	Director	7.8yrs	฿80.00k	1.05% THB 213.8m
Aranya Vitayatanagorn	Director	13.8yrs	฿170.00k	19.06% THB 3.9b
Vachara Vitayatanagorn	Director	11.8yrs	฿80.00k	1.69% THB 343.5m
Ekarat Wongsupbhasatigul	Director	8.8yrs	฿80.00k	1.5% THB 305.6m
Wiboonluck Ruamraksa	Advisor to the Board	4yrs	no data	no data
Kuna Vitayatanagorn	Director	3.8yrs	฿160.00k	no data
Vipoota Trakulhoon	Advisor to the Board & Independent Director	3.7yrs	฿1.29m	no data
Patrawan Manutsathit	Independent Director	no data	฿1.12m	no data

7.8yrs

Average Tenure

55.5yo

Average Age

Experienced Board: TVO's board of directors are considered experienced (7.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 04:55
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Thai Vegetable Oil Public Company Limited is covered by 22 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nuanpun Noiruchchukorn	Asia Plus Securities Company Limited
Prasit Sujiravorakul	Bualuang Securities PCL
Kalvalee Thongsomaung	Bualuang Securities PCL

Thai Vegetable Oil Management

Management criteria checks 4/4

Key information

Recent management updates

Thai Vegetable Oil Public Company Limited Approves the Appointment of Sanipa Suradhat to Be Additional Member of the Environmental, Social, and Governance (ESG) Committee

Thai Vegetable Oil Public Company Limited, Annual General Meeting, Apr 26, 2024

Thai Vegetable Oil Public Company Limited Announces Board Changes

Thai Vegetable Oil Public Company Limited Announces Resignation of Kitcha Urairong as Independent Director and Member of the Nomination and Remuneration Committee

Less than half of directors are independent

Thai Vegetable Oil Public Company Limited Approves Chief Executive Officer Change

Recent updates

Price target increased by 10% to ฿27.80

Third quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Consensus EPS estimates increase by 13%, revenue downgraded

Price target increased by 15% to ฿25.20

First half dividend increased to ฿0.80

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

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

First quarter 2024 earnings released: EPS: ฿0.35 (vs ฿0.14 in 1Q 2023)

Thai Vegetable Oil Public Company Limited Approves Dividend for the Last Six Months of 2023, Payable on May 17, 2024

Upcoming dividend of ฿0.65 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

Dividend reduced to ฿0.65

Thai Vegetable Oil Public Company Limited, Annual General Meeting, Apr 26, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 7.7% to ฿20.73

Consensus EPS estimates fall by 37%

New minor risk - Earnings quality

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

Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿1.07 in 2Q 2022)

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

Thai Vegetable Oil Public Company Limited Announces Board Changes

Price target decreased by 12% to ฿24.85

Consensus EPS estimates fall by 26%, revenue upgraded

First quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.74 in 1Q 2022)

Thai Vegetable Oil Public Company Limited Announces Resignation of Kitcha Urairong as Independent Director and Member of the Nomination and Remuneration Committee

Upcoming dividend of ฿0.85 per share at 0.9% yield

Price target decreased to ฿28.48

Consensus forecasts updated

Less than half of directors are independent

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Thai Vegetable Oil Public Company Limited Approves Dividend, Payment Will Be Made on October 7, 2022

Upcoming dividend of ฿0.20 per share

Consensus revenue estimates increase by 13%

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

Thai Vegetable Oil Public Company Limited Approves Chief Executive Officer Change

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued after recent price drop

Less than half of directors are independent

Upcoming dividend of ฿0.90 per share

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Thai Vegetable Oil Public Company Limited Announces Dividend for the Six Months of 2021, Payable May 13, 2022

Third quarter 2021 earnings released: EPS ฿0.44 (vs ฿0.44 in 3Q 2020)

Price target decreased to ฿35.18

Upcoming dividend of ฿1.30 per share

Second quarter 2021 earnings released: EPS ฿0.90 (vs ฿0.42 in 2Q 2020)

Price target decreased to ฿39.35

Consensus EPS estimates increase to ฿3.07

Consensus EPS estimates increase to ฿3.07

First quarter 2021 earnings released

Independent Chairman Sompol Kiatphaibool has left the company

Executive Director has left the company

Upcoming Dividend of ฿0.80 Per Share

Thai Vegetable Oil Public Company Limited, Annual General Meeting, Apr 23, 2021

Full year 2020 earnings released: EPS ฿2.05 (vs ฿1.74 in FY 2019)

Revenue beats expectations, earnings disappoint

Thai Vegetable Oil Public Company Limited Announces Executive Changes, Effective on January 28, 2021

Thai Vegetable Oil Public Company Limited Announces Board Changes

New 90-day high: ฿35.50

Investor sentiment improved over the past week

New 90-day low: ฿30.25

Price target raised to ฿39.25

Revenue and earnings miss expectations

Third quarter 2020 earnings released: EPS ฿0.44

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

New 90-day high - ฿31.25

Price target lowered to ฿29.20