Techno - Agricultural Supplying Valuation

Is TSC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TSC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TSC (₫2460) is trading below our estimate of fair value (₫6920.53)

Significantly Below Fair Value: TSC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TSC?

Key metric: As TSC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TSC. This is calculated by dividing TSC's market cap by their current revenue.
What is TSC's PS Ratio?
PS Ratio	0.8x
Sales	₫588.33b
Market Cap	₫484.27b

TSC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	14.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does TSC's PS Ratio compare to its peers?

The above table shows the PS ratio for TSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.9x
GLT Global Electrical Technology	3.1x	n/a	₫245.0b
VTV Vicem Energy and Environment	0.1x	n/a	₫146.6b
TNA Thien Nam Trading - Import Export	0.1x	n/a	₫185.6b
VPG Viet Phat Import Export Trading Investment	0.1x	n/a	₫1.1t
TSC Techno - Agricultural Supplying	0.8x	n/a	₫484.3b

Price-To-Sales vs Peers: TSC is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does TSC's PS Ratio compare vs other companies in the VN Trade Distributors Industry?

7 Companies	Price / Sales	Estimated Growth	Market Cap
VPG Viet Phat Import Export Trading Investment	0.1x	n/a	US$41.90m
TMB Vinacomin - Northern Coal Trading	0.02x	n/a	US$38.61m
TNA Thien Nam Trading - Import Export	0.1x	n/a	US$7.24m
VTV Vicem Energy and Environment	0.1x	n/a	US$5.72m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: TSC is expensive based on its Price-To-Sales Ratio (0.8x) compared to the Asian Trade Distributors industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is TSC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TSC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TSC's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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