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TVO.BK SET (Bangkok) Food Processing

Thai Vegetable Oil PCL

$25,25
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THB
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Mcap
22,5B THB
P/E
EV / Rev
Div yield
7,98 %
Op margin
9,8 %
ROE
18,9 %
Net margin
7,9 %
Debt / equity
0,00
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Thai Vegetable Oil PCL is a food processing company that produces and distributes vegetable oils, primarily in Thailand, with revenue derived from the sale of edible oils and related products.

Business. Thai Vegetable Oil PCL (TVO.BK) is a food processing company headquartered in Thailand, operating within the Consumer Non-Cyclicals sector. The firm is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %
SectorConsumer Non-Cyclicals
Business sectorFood & Beverages
IndustryFood Processing
Generated · model-assisted
Sell-side consensus
BUY2 analysts
1 buy1 hold0 sell
Avg 12m price target26,40

Analyst recommendations

2 analysts · consensus Buy
Buy1
Hold1
Sell0
12-month price target
26,40
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
2 analysts · indicative
Ownership
not yet wired
Profitability
18,9 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning TVO.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,7 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,4 %−2,7 %−0,9 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Consumer Staples · THIS SECTOR−0,7 %+2,3 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to TVO.BK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Thai Vegetable Oil PCL (TVO.BK) is a food processing company headquartered in Thailand, operating within the Consumer Non-Cyclicals sector. The firm is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding its operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorConsumer Non-Cyclicals
    Business sectorFood & Beverages
    IndustryFood Processing
    AI synthesis
    GENERATED

    Thai Vegetable Oil PCL maintains a strong liquidity position, with a current ratio of 3.9, indicating the company can easily cover its short-term liabilities with its current assets. The company's cash and equivalents amount to 6,073.38 million THB, and its free cash flow stands at 611.61 million THB, supporting operational flexibility and potential reinvestment.

    Profitability metrics show the company is performing well relative to industry norms. Return on equity (ROE) is 18.92%, and return on assets (ROA) is 14.99%, both of which are strong indicators of efficient capital use and asset management. The company's operating income of 2,737.54 million THB and net income of 2,188.79 million THB reflect solid earnings performance.

    The company's revenue is concentrated in its core food processing operations, with no disclosed geographic diversification beyond Thailand. This concentration may expose the company to regional economic and regulatory risks, but it also suggests a focused and stable revenue base.

    Looking ahead, the company is projected to maintain a stable growth trajectory. Analysts have set a mean price target of 26.40 THB, slightly above the current market price of 25.00 THB. The company's revenue and earnings outlook for the current fiscal year is positive, with no significant negative indicators in the financial data.

    Risk factors for Thai Vegetable Oil PCL are currently low, with no immediate liquidity or dilution concerns identified. The company's debt-to-equity ratio is 0.0, indicating a conservative capital structure with no long-term debt obligations. This reduces financial risk and provides flexibility for future growth.

    Recent events and filings do not indicate any material changes in the company's operations or financial position. The company's financial statements and disclosures are consistent with its historical performance, and there are no notable red flags in the latest filings or transcripts.

    Key takeaways
    • Thai Vegetable Oil PCL has a strong liquidity position with a current ratio of 3.9 and significant cash reserves.
    • The company demonstrates high profitability with ROE of 18.92% and ROA of 14.99%.
    • Revenue is concentrated in Thailand, which may limit geographic diversification but ensures a stable domestic market.
    • Analysts project a modest price increase, with a mean target of 26.40 THB.
    • The company has no long-term debt and a low risk of dilution, supporting a stable capital structure.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $25,25
    Market cap
    $22.24B
    Enterprise value
    $21.64B
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    12.6x
    P / B
    1.9x
    P / Tangible book
    1.9x
    Tangible book
    $11.57B
    Net cash
    $597.6M
    Current ratio
    3.9
    Debt / equity
    0.0
    ROA
    15.0%
    ROE
    18.9%
    Cash conversion
    78.0%
    CapEx / revenue
    -1.7%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    2,66
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    2
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-24 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate2,66
    Revenueno estimateno estimate27,8B THB
    Operating incomeno estimateno estimate2,8B THB
    Full-year consensus mean (period as reported by source) · consensus in THB. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output (TimesFM V1) — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution2 analysts
    Strong buy0
    Buy1
    Hold1
    Sell0
    Strong sell0
    12-month price target$26,40 · Median $26,40
    Low $25,00High $27,80
    Operating income · consensus2,8B THB
    EPS surprise
    −7,5 %
    reported vs consensus · miss
    Revenue surprise
    +0,1 %
    reported vs consensus · beat

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$25,00
    Mean$26,40
    Median$26,40
    High$27,80
    Spot$25,25
    +4.6 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin9,8 %Above median
    Net Margin7,9 %Above median
    ROE18,9 %Best in class
    Capex / Rev-1,7 %Above P75
    D/E0,00Above P75
    Cash Conv0,78Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • Thai Vegetable Oil PCL Market data — financials · 2026-05-29
    • Thai Vegetable Oil PCL Market data — analyst estimates · 2026-05-29
    • Thai Vegetable Oil PCL Market data — ESG · 2026-05-29

    Ownership & reference

    Leadership

    • Pachai ChanpitaksaChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    TVO.BKCanonical
    SET (Bangkok) · THB

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 06:00 UTCEARNINGSUpcomingForecast: price_forecast (1d)
    2026-06-30 06:00 UTCEARNINGSUpcomingForecast: price_forecast (30d)
    2026-06-30 06:00 UTCEARNINGSUpcomingForecast: price_forecast (5d)
    2026-06-30 06:00 UTCEARNINGSUpcomingForecast: price_forecast (90d)
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage