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Vichitbhan Palmoil Public Company (VPO) Fair Value & Analysis

Consumer Defensive · TH · Market cap 442M THB

VP Vichitbhan Palmoil Public Company VPO · BK
Price0.4800 THB
Fair Value0.5300 THB
Upside+10.4%
Quality55/100
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Expensive Growth
Thin margins · 1.1% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Narrow moat 26/100
Evidence: High Range 0.3900 THB – 0.6900 THB Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Share price +2.1% over the past month.

A solid business, screening 10% undervalued on our models.

What matters now

  • Our model range runs from 0.3900 THB (bear) to 0.6900 THB (bull), base 0.5300 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

2.58 THB 0.3900 THB Fair Value 0.5300 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.3900 THB – 2.58 THB · fair‑value band 0.3900 THB – 0.6900 THB · the 0.4800 THB price screens below the 0.5300 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Vichitbhan Palmoil Public Company (VPO) currently trades at 0.4800 THB, while our model-based Fair Value estimate is 0.5300 THB, implying the stock looks roughly 10.4% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Vichitbhan Palmoil Public Company generated revenue of 2.4B THB at a net margin of 1.1%. Revenue grew 30.3% year over year. It earns a return on equity of 5.6%. Net debt stands at 153M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.3900 THB (bear case) to 0.6900 THB (bull case); at 0.4800 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 10%, VPO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 0.4200 THB 0.4100 THB 0.3700 THB 76
ROIC Compounder 0.2900 THB 0.3300 THB 0.3600 THB 72
Growth-Adj P/E 0.3700 THB 0.5300 THB 0.6900 THB 68
All 15 models by family
DCF Models
Owner Earnings 0.7900 THB 1.29 THB 2.05 THB 31
Earnings-Based
Graham-Dodd 0.2000 THB 0.8800 THB 1.21 THB 54
Lynch FV 0.2300 THB 0.3300 THB 0.4300 THB 50
PEG = 1.0 0.2300 THB 0.3300 THB 0.4300 THB 46
EPV 0.2900 THB 0.3300 THB 0.3600 THB 59
Multiples
P/E Multiple 0.4600 THB 0.6100 THB 0.7600 THB 63
P/S Multiple 0.3700 THB 0.4900 THB 0.6200 THB 58
P/B Multiple 0.3700 THB 0.4900 THB 0.6200 THB 55
EV/EBIT 0.5600 THB 0.7400 THB 0.9300 THB 53
EV/EBITDA 1.35 THB 1.80 THB 2.24 THB 54
EV/Revenue 0.4000 THB 0.5700 THB 0.7400 THB 43
Asset-Based
NCAV (Graham) 0.2900 THB 0.3900 THB 0.5800 THB 50
Economic Profit
Residual Income 0.4200 THB 0.4100 THB 0.3700 THB 76
ROIC Compounder 0.2900 THB 0.3300 THB 0.3600 THB 72
Growth Earnings
Growth-Adj P/E 0.3700 THB 0.5300 THB 0.6900 THB 68

Widest divergence: DCF Models (1.29 THB) versus Earnings-Based (0.3300 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.4B THB
Revenue growth (YoY) +30.3%
Net margin 1.1%
Return on equity 5.6%
Free cash flow −73.8M THB FY2025
P/E ratio 15.7
More key figures
Operating margin -12.0%
EPS (TTM) 0.0300 THB
EPS growth (YoY) +47.3%
Net debt 153M THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 39

Profitability 44
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Vichitbhan Palmoil Public Company Limited engages in palm plantation and palm oil extraction in Thailand. The company operates in two segments: Crude Palm Oil and Kernel Production, and Kidney Dialysis.

Full company description

Vichitbhan Palmoil Public Company Limited engages in palm plantation and palm oil extraction in Thailand. The company operates in two segments: Crude Palm Oil and Kernel Production, and Kidney Dialysis. It offers crude palm oil for palm oil refineries to be used in the food industries, such as in the production of biscuits, creamers, and ice cream, as well as for the shampoo manufacturing industry, and in the production of fatty acids and methyl ester. The company also provides palm kernel oils that are used as ingredients in the production of margarine, bread, fats for food, cosmetics, and health supplements; raw materials for the oleochemicals industry; and seed residue is used as an ingredient in animal food. In addition, it offers by-products, such as seeds, palm shells, empty bunches, decanter cakes, and fibers. Further, the company is also involved in energy production by using wastewater; and produces and sells biogas, as well as offers transportation services. Vichitbhan Palmoil Public Company Limited was incorporated in 1987 and is headquartered in Bangkok, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vichitbhan Palmoil Public Company reported revenue of 2.3B THB in FY2025 versus 1.4B THB in FY2021, a compound +13.6%/yr. Reported net income was 27.3M THB in FY2025, compounding −12.4%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.3B THB
Latest YoY
+33.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.5%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.5%
Revenue +13.6%/yr
FY21 1.4B THB
FY22 2.3B THB
FY23 1.2B THB
FY24 1.7B THB
FY25 2.3B THB
Net income −12.4%/yr
FY21 46.2M THB
FY22 16.4M THB
FY23 −114M THB
FY24 48.0M THB
FY25 27.3M THB

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Cite: Fair Value Calculator (2026). "Vichitbhan Palmoil Public Company Fair Value". https://www.fairvalue-calculator.com/stock/VPO

Peer Group

Packaged Foods · 649 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +10% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -12% · Bottom 25%
Revenue growth 30% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 0.80× · Cheaper than median
P/S (TTM) 0.19× · Cheaper than 75% of peers
EV/EBITDA 3.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 47 · sector 28
FUTURE 100 · sector 20
PAST 22 · sector 27
HEALTH 100 · sector 96
DIVIDEND 0 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Vichitbhan Palmoil Public Company (VPO) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.5300 THB versus a price of 0.4800 THB, about +10% (undervalued).
What is the fair value of VPO?
Our model-based fair value for Vichitbhan Palmoil Public Company is 0.5300 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.4800 THB.
What is the quality score of VPO?
Vichitbhan Palmoil Public Company has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Vichitbhan Palmoil Public Company (VPO)?
Vichitbhan Palmoil Public Company reported trailing-twelve-month revenue of about 2.4B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of VPO?
The net profit margin of Vichitbhan Palmoil Public Company is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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