Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Thai Vegetable Oil Public Company Limited (TVO-R.BK)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$34.04 - $57.84$44.39
Multi-Stage$67.47 - $74.13$70.73
Blended Fair Value$57.56
Current Price$25.25
Upside127.97%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.23%-0.03%1.451.011.001.911.501.371.781.891.961.68
YoY Growth--43.61%0.94%-47.61%27.29%9.97%-23.06%-6.23%-3.29%16.24%15.62%
Dividend Yield--6.75%5.41%3.78%6.73%5.20%6.68%7.30%6.08%6.43%7.92%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,474.82
(-) Cash Dividends Paid (M)1,537.17
(=) Cash Retained (M)937.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)494.96309.35185.61
Cash Retained (M)937.64937.64937.64
(-) Cash Required (M)-494.96-309.35-185.61
(=) Excess Retained (M)442.68628.29752.03
(/) Shares Outstanding (M)887.78887.78887.78
(=) Excess Retained per Share0.500.710.85
LTM Dividend per Share1.731.731.73
(+) Excess Retained per Share0.500.710.85
(=) Adjusted Dividend2.232.442.58
WACC / Discount Rate6.31%6.31%6.31%
Growth Rate-0.23%0.77%1.77%
Fair Value$34.04$44.39$57.84
Upside / Downside34.80%75.80%129.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,474.822,493.932,513.182,532.592,552.152,571.862,649.01
Payout Ratio62.11%67.69%73.27%78.85%84.42%90.00%92.50%
Projected Dividends (M)1,537.171,688.141,841.351,996.822,154.592,314.672,450.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.31%6.31%6.31%
Growth Rate-0.23%0.77%1.77%
Year 1 PV (M)1,572.191,587.951,603.71
Year 2 PV (M)1,597.091,629.271,661.76
Year 3 PV (M)1,612.981,661.971,711.94
Year 4 PV (M)1,620.881,686.851,754.81
Year 5 PV (M)1,621.711,704.621,790.90
PV of Terminal Value (M)51,873.1954,525.4157,285.01
Equity Value (M)59,898.0462,796.0665,808.13
Shares Outstanding (M)887.78887.78887.78
Fair Value$67.47$70.73$74.13
Upside / Downside167.20%180.13%193.57%

High-Yield Dividend Screener

« Prev Page 9 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0293.HKCathay Pacific Airways Limited9.31%$1.1841.45%
ROMI3.SARomi S.A.9.31%$0.7473.26%
SKUE.OLSkue Sparebank9.31%$32.5919.52%
4589.TWOMotion Technology Electric & Machinery Co., Ltd.9.30%$3.2567.47%
SSTRT.BKSub Sri Thai Real Estate Investment Trust9.30%$0.4078.24%
CLPI.JKPT Colorpak Indonesia Tbk9.29%$139.3665.00%
GXH.NZGreen Cross Health Limited9.27%$0.1047.49%
MOL.BDMOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság9.27%$272.6077.71%
ORG.AXOrigin Energy Limited9.27%$1.0562.89%
0259.HKYeebo (International Holdings) Limited9.26%$0.3611.31%
WEHB.BRWereldhave Belgium9.26%$4.9846.05%
0KD1.LTubacex, S.A.9.24%$0.3299.60%
ACL.AXAustralian Clinical Labs Limited9.21%$0.2579.65%
BMRI.JKPT Bank Mandiri (Persero) Tbk9.19%$466.1884.49%
0116.HKChow Sang Sang Holdings International Limited9.18%$1.1239.62%
2284.SRModern Mills for Food Products Co.9.18%$2.6499.54%
CGRA3.SAGrazziotin S.A.9.18%$2.5751.61%
0OPJ.LABC arbitrage S.A.9.17%$0.5056.87%
000543.SZAn Hui Wenergy Company Limited9.16%$0.7369.19%
PANR.JKPT Panorama Sentrawisata Tbk9.16%$60.0023.97%
CQR.AXCharter Hall Retail REIT9.15%$0.3794.16%
ILINK.BKInterlink Communication Public Company Limited9.14%$0.4360.06%
ELD.AXElders Limited9.10%$0.6284.73%
GOP.WAGames Operators S.A.9.09%$1.0094.94%
000544.SZZhongyuan Environmental Protection Co., Ltd.9.08%$0.7669.45%
DIRR3.SADirecional Engenharia S.A.9.08%$1.2485.08%
BMKS3.SABicicletas Monark S.A.9.07%$33.5819.86%
WHA.ASWereldhave N.V.9.07%$1.7542.00%
ARBS.MIArterra Bioscience9.06%$0.2856.80%
WMI.AXWAM Microcap Limited9.06%$0.1552.69%
2386.HKSINOPEC Engineering (Group) Co., Ltd.9.05%$0.6961.95%
FGX.AXFuture Generation Australia Limited9.05%$0.1256.23%
0011.HKHang Seng Bank Limited9.04%$13.9281.46%
0552.HKChina Communications Services Corporation Limited9.04%$0.4239.96%
3092.SRRiyadh Cement Company9.03%$2.1653.08%
3320.HKChina Resources Pharmaceutical Group Limited9.01%$0.4135.95%
DF.TODividend 15 Split Corp. II9.01%$0.6814.59%
SIGN.SWSIG Group AG9.01%$1.0282.02%
ODPV3.SAOdontoprev S.A.9.00%$1.0195.59%
CDO.AXCadence Opportunities Fund Limited8.99%$0.1771.14%
MDARA.RGAS MADARA Cosmetics8.97%$0.9355.30%
SRIPANWA.BKSri panwa Hospitality Real Estate Investment Trust8.97%$0.4552.90%
ASK.AXAbacus Storage King8.96%$0.1441.63%
BBAJIOO.MXBanco del Bajío, S.A., Institución de Banca Múltiple8.95%$4.1050.16%
COFA.PACoface S.A.8.95%$1.4091.04%
0002.HKCLP Holdings Limited8.94%$6.2582.57%
2636.TWT3EX Global Holdings Corp.8.94%$6.0073.34%
IFSIntercorp Financial Services Inc.8.94%$3.7721.42%
BIZ.BKBusiness Alignment Public Company Limited8.93%$0.3664.25%
6963.HKSunshine Insurance Group Company Limited8.92%$0.3541.98%