Thai Vegetable Oil Public Company Limited

BK:TVO Thailand Packaged Foods
Market Cap
$628.46 Million
฿21.79 Billion THB
Market Cap Rank
#12705 Global
#73 in Thailand
Share Price
฿24.50
Change (1 day)
+2.08%
52-Week Range
฿19.90 - ฿25.75
All Time High
฿28.11
Categories
Companies in Thailand Packaged Foods
About

Thai Vegetable Oil Public Company Limited, together with its subsidiary, Prodigy Public Company Limited, manufactures and distributes soy meal and soybean oil in Thailand and internationally. The company offers soybean, sunflower, corn, and canola oils under the ANGOON, Champ, Healthy Chef, and Queen brands; olive oil under the MONINI brand; Camellia Oleifera oil; and canned fish products under t… Read more

Thai Vegetable Oil Public Company Limited (TVO) - Net Assets

Latest net assets as of September 2025: ฿11.45 Billion THB

Based on the latest financial reports, Thai Vegetable Oil Public Company Limited (TVO) has net assets worth ฿11.45 Billion THB as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿14.93 Billion) and total liabilities (฿3.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ฿11.45 Billion
% of Total Assets 76.71%
Annual Growth Rate 8.52%
5-Year Change 18.85%
10-Year Change 43.62%
Growth Volatility 15.55

Thai Vegetable Oil Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Thai Vegetable Oil Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Thai Vegetable Oil Public Company Limited (2000–2024)

The table below shows the annual net assets of Thai Vegetable Oil Public Company Limited from 2000 to 2024.

Year Net Assets Change
2024-12-31 ฿11.33 Billion +8.26%
2023-12-31 ฿10.47 Billion -1.48%
2022-12-31 ฿10.63 Billion +7.27%
2021-12-31 ฿9.90 Billion +3.88%
2020-12-31 ฿9.53 Billion +5.36%
2019-12-31 ฿9.05 Billion +2.30%
2018-12-31 ฿8.85 Billion +3.26%
2017-12-31 ฿8.57 Billion -3.92%
2016-12-31 ฿8.92 Billion +13.00%
2015-12-31 ฿7.89 Billion +5.67%
2014-12-31 ฿7.47 Billion +8.63%
2013-12-31 ฿6.87 Billion -0.73%
2012-12-31 ฿6.92 Billion +19.63%
2011-12-31 ฿5.79 Billion -7.00%
2010-12-31 ฿6.22 Billion +20.51%
2009-12-31 ฿5.16 Billion +67.39%
2008-12-31 ฿3.09 Billion -15.23%
2007-12-31 ฿3.64 Billion +30.40%
2006-12-31 ฿2.79 Billion +8.54%
2005-12-31 ฿2.57 Billion +9.33%
2004-12-31 ฿2.35 Billion -1.72%
2003-12-31 ฿2.39 Billion +20.14%
2002-12-31 ฿1.99 Billion +18.04%
2001-12-31 ฿1.69 Billion +6.02%
2000-12-31 ฿1.59 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Thai Vegetable Oil Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 824.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿7.19 Billion 65.83%
Other Components ฿3.73 Billion 34.17%
Total Equity ฿10.92 Billion 100.00%

Thai Vegetable Oil Public Company Limited Competitors by Market Cap

The table below lists competitors of Thai Vegetable Oil Public Company Limited ranked by their market capitalization.

Company Market Cap
Pexip Holding ASA
PINK:PXPHF
 		$307.43 Million
MIAPF
PINK:MIAPF
 		$307.49 Million
Healthcare Global Enterprises Limited
NSE:HCG
 		$307.57 Million
Secunet Security Networks AG
LSE:0NWC
 		$307.64 Million
Hanza AB
ST:HANZA
 		$307.34 Million
Jiangsu Tongli Risheng Machinery Co. Ltd.
SHG:605286
 		$307.28 Million
DONGGUAN R.COMMERC. H YC1
F:857
 		$307.20 Million
Zhejiang Shouxiangu Pharm Co
SHG:603896
 		$307.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thai Vegetable Oil Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 10,071,362,815 to 10,918,301,881, a change of 846,939,066 (8.4%).
  • Net income of 2,103,105,227 contributed positively to equity growth.
  • Dividend payments of 1,289,122,977 reduced retained earnings.
  • Other comprehensive income decreased equity by 304,853,410.
  • Other factors increased equity by 337,810,226.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿2.10 Billion +19.26%
Dividends Paid ฿1.29 Billion -11.81%
Other Comprehensive Income ฿-304.85 Million -2.79%
Other Changes ฿337.81 Million +3.09%
Total Change ฿- 8.41%

Book Value vs Market Value Analysis

This analysis compares Thai Vegetable Oil Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.00x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 8.28x to 2.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 ฿2.96 ฿24.50 x
2003-12-31 ฿3.32 ฿24.50 x
2004-12-31 ฿3.11 ฿24.50 x
2005-12-31 ฿3.40 ฿24.50 x
2006-12-31 ฿3.72 ฿24.50 x
2007-12-31 ฿4.87 ฿24.50 x
2008-12-31 ฿4.10 ฿24.50 x
2009-12-31 ฿6.57 ฿24.50 x
2010-12-31 ฿7.01 ฿24.50 x
2011-12-31 ฿6.46 ฿24.50 x
2012-12-31 ฿7.68 ฿24.50 x
2013-12-31 ฿7.58 ฿24.50 x
2014-12-31 ฿8.04 ฿24.50 x
2015-12-31 ฿8.47 ฿24.50 x
2016-12-31 ฿9.61 ฿24.50 x
2017-12-31 ฿9.20 ฿24.50 x
2018-12-31 ฿9.52 ฿24.50 x
2019-12-31 ฿9.74 ฿24.50 x
2020-12-31 ฿10.26 ฿24.50 x
2021-12-31 ฿10.69 ฿24.50 x
2022-12-31 ฿11.51 ฿24.50 x
2023-12-31 ฿11.32 ฿24.50 x
2024-12-31 ฿12.28 ฿24.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thai Vegetable Oil Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 19.26%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.87%
  • • Asset Turnover: 2.05x
  • • Equity Multiplier: 1.36x
  • Recent ROE (19.26%) is below the historical average (22.20%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 27.56% 4.85% 1.98x 2.87x ฿258.46 Million
2001 22.78% 3.96% 2.30x 2.50x ฿199.38 Million
2002 23.41% 4.96% 1.68x 2.80x ฿247.47 Million
2003 28.92% 5.06% 1.89x 3.03x ฿419.77 Million
2004 18.43% 2.55% 2.76x 2.62x ฿179.79 Million
2005 21.60% 3.51% 2.22x 2.78x ฿272.26 Million
2006 18.35% 3.07% 2.25x 2.66x ฿214.47 Million
2007 37.54% 6.81% 2.49x 2.22x ฿921.75 Million
2008 26.44% 3.11% 3.14x 2.71x ฿462.75 Million
2009 33.45% 7.11% 2.49x 1.89x ฿1.14 Billion
2010 25.55% 7.17% 2.04x 1.74x ฿928.18 Million
2011 12.83% 3.09% 2.28x 1.82x ฿159.86 Million
2012 26.25% 6.49% 2.27x 1.78x ฿1.10 Billion
2013 14.27% 3.72% 2.36x 1.62x ฿286.76 Million
2014 23.52% 6.54% 2.49x 1.44x ฿965.48 Million
2015 25.23% 7.23% 2.53x 1.38x ฿1.15 Billion
2016 32.25% 9.75% 2.55x 1.30x ฿1.90 Billion
2017 16.20% 5.40% 2.12x 1.42x ฿507.91 Million
2018 22.05% 7.45% 2.27x 1.30x ฿1.02 Billion
2019 16.28% 5.98% 2.00x 1.36x ฿544.06 Million
2020 18.15% 6.63% 1.79x 1.52x ฿743.49 Million
2021 21.74% 6.60% 2.35x 1.40x ฿1.12 Billion
2022 15.67% 4.10% 2.12x 1.80x ฿580.57 Million
2023 7.24% 2.13% 2.62x 1.30x ฿-277.58 Million
2024 19.26% 6.87% 2.05x 1.36x ฿1.01 Billion

Industry Comparison

This section compares Thai Vegetable Oil Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

  • Industry: Packaged Foods
  • Average net assets among peers: $1,744,237,767
  • Average return on equity (ROE) among peers: 12.13%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Thai Vegetable Oil Public Company Limited (TVO) ฿11.45 Billion 27.56% 0.30x $307.39 Million
Asian Alliance International PCL (AAI) $4.88 Billion 7.84% 0.15x $43.65 Million
ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) $237.14 Million 5.48% 0.40x $9.36 Million
Asian Sea Corporation Public Company Limited (ASIAN) $3.50 Billion 23.39% 0.78x $49.87 Million
Bioscience Animal Health PCL (BIS) $790.50 Million 6.41% 0.55x $4.82 Million
Seafresh Industry Public Company Limited (CFRESH) $2.07 Billion 0.95% 1.32x $8.09 Million
Chin Huay PCL (CH) $1.37 Billion 9.31% 0.40x $13.66 Million
CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) $597.83 Million 27.03% 0.46x $12.59 Million
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) $1.39 Billion 14.18% 0.11x $3.48 Million
Chiangmai Frozen Foods Public Company Limited (CM) $1.37 Billion 7.17% 0.11x $6.08 Million
Thai Coconut Public Company Limited (COCOCO) $1.24 Billion 19.55% 1.47x $49.18 Million