Company Valuation: Thai Vegetable Oil

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,067 25,350 19,035 20,458 19,924 23,793 - -
Change - 1.13% -24.91% 7.48% -2.61% 19.42% - -
Enterprise Value (EV) 1 25,067 25,026 21,008 23,280 19,316 23,558 23,608 23,495
Change - -0.16% -16.06% 10.82% -17.03% 21.96% 0.21% -0.48%
P/E 12.1x 15.8x 26.1x 9.75x 9.11x 8.4x 9.09x 8.71x
PBR 2.64x 2.48x 1.89x 1.87x 1.72x 1.96x 1.91x 1.83x
PEG - -0.7x -0.5x 0x 2.15x 0.3x -1.2x 2.02x
Capitalization / Revenue 0.8x 0.65x 0.56x 0.67x 0.72x 0.74x 0.71x 0.69x
EV / Revenue 0.8x 0.64x 0.61x 0.76x 0.7x 0.73x 0.71x 0.68x
EV / EBITDA 10x 9.81x 33.5x 8.58x 6.38x 6.61x 6.59x 6.32x
EV / EBIT 11.6x 11.2x 63.4x 9.66x 7.31x 7.92x 8.25x 7.84x
EV / FCF 52.9x 12.6x 72.3x 6.38x 15.6x 10.2x 10.3x 10x
FCF Yield 1.89% 7.96% 1.38% 15.7% 6.4% 9.78% 9.71% 9.98%
Dividend per Share 2 2 - 0.81 1.73 1.97 2.287 2.077 2.14
Rate of return 7.1% - 3.79% 7.52% 8.79% 8.55% 7.76% 8%
EPS 2 2.327 1.8 0.82 2.36 2.46 3.185 2.943 3.07
Distribution rate 85.9% - 98.8% 73.3% 80.1% 71.8% 70.6% 69.7%
Net sales 1 31,307 39,107 34,195 30,596 27,793 32,100 33,303 34,473
EBITDA 1 2,507 2,552 627.9 2,712 3,026 3,565 3,582 3,720
EBIT 1 2,163 2,227 331.6 2,409 2,642 2,973 2,863 2,998
Net income 1 2,068 1,604 729.6 2,103 2,189 2,864 2,621 2,730
Net Debt 1 - -323.9 1,973 2,822 -607.7 -235.3 -185.8 -298.6
Reference price 2 28.18 28.50 21.40 23.00 22.40 26.75 26.75 26.75
Nbr of stocks (in thousands) 889,472 889,471 889,471 889,471 889,471 889,471 - -
Announcement Date 2/25/22 2/24/23 2/28/24 2/28/25 3/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.85x2.84x14.15x3.96% 249B
19.86x2.5x14.88x3.3% 79.63B
16.56x1.73x9.79x3.78% 46.24B
16.01x0.56x10.19x2.41% 41.66B
21.03x3.19x12.97x3.32% 34.9B
33.72x2.94x17.03x1.1% 30.38B
-8.55x1.86x9.24x6.61% 28.78B
64.11x9.84x40.79x1.19% 27.84B
12.36x0.4x8.98x2.37% 23.29B
Average 21.77x 2.87x 15.33x 3.12% 62.43B
Weighted average by Cap. 20.99x 2.75x 14.54x 3.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. TVO Stock
  4. TVTA Stock
  5. Valuation Thai Vegetable Oil
40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!