Thai Vegetable Oil PCL (BKK:TVO)

Thai Vegetable Oil PCL Stock Forecast

Stock Price Forecast

According to 2 analysts polled by S&P Global, Thai Vegetable Oil PCL stock has a consensus rating of "Hold" and an average price target of ฿27.50. The average 1-year stock price forecast is 6.80% higher than the current stock price, while the lowest is ฿25.00 (-2.91%) and the highest is ฿30.00 (+16.50%).

Price Target: ฿27.50 (+6.80%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	฿25.00	฿27.50	฿27.50	฿30.00
Change	-2.91%	+6.80%	+6.80%	+16.50%

Analyst Ratings

The average analyst rating for Thai Vegetable Oil PCL stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '25	Nov '25	Jan '26	Mar '26	Apr '26	May '26
Strong Buy	2	1	1	1	1	1
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Financial Forecast

Revenue This Year

30.79B

Increased by 10.78%

from 27.79B

Revenue Next Year

31.64B

Increased by 2.77%

from 30.79B

EPS This Year

2.64

Increased by 2.24%

from 2.58

EPS Next Year

2.67

Increased by 1.26%

from 2.64

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	31.31B	39.11B	34.19B	30.60B	27.79B	30.79B
Revenue Growth	25.42%	24.91%	-12.56%	-10.52%	-9.16%	10.78%
Gross Profit	2.94B	2.88B	1.43B	3.27B	3.59B	4.00B
Gross Margin	9.40%	7.37%	4.18%	10.70%	12.92%	13.00%
Operating Income	2.14B	1.99B	628.58M	2.41B	2.65B	2.70B
Net Income	2.07B	1.60B	729.56M	2.10B	2.19B	2.40B
EPS	-	-	-	-	2.58	2.64
EPS Growth	-	-	-	-	9.27%	2.24%
Forward PE	12.25	11.51	17.85	11.13	8.89	9.75
Dividend / Share	2.00	1.05	0.81	1.73	1.97	2.03
Dividend Growth	-	-47.50%	-22.86%	113.58%	13.87%	3.21%
Free Cash Flow	-264.88M	1.60B	-85.35M	3.06B	800.16M	1.69B
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is THB.

Revenue Forecast

Revenue	2026	2027	2028
High	32.1B
Avg	30.8B
Low	28.3B

Revenue Growth

Revenue Growth	2026	2027	2028
High	15.5%
Avg	10.8%
Low	1.8%

EPS Forecast

EPS	2026	2027	2028
High	2.84
Avg	2.64
Low	2.35

EPS Growth

EPS Growth	2026	2027	2028
High	10.0%
Avg	2.2%
Low	-9.0%

Data Source: S&P Global Market Intelligence

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Price targets and consensus ratings update every hour to every three days.

Data Sources Report a data error