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TLG

Thien Long GroupHOSE:TLG Stock Report

Market Cap

₫3.3t

7D

-1.6%

1Y

22.5%

Updated

20 Oct, 2021

Data

Company Financials +
TLG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends4/6

TLG Overview

Thien Long Group Corporation manufactures and trades in stationery products in Vietnam.

Price History & Performance

Summary of all time highs, changes and price drops for Thien Long Group
Historical stock prices
Current Share Price₫43,000.00
52 Week High₫33,350.00
52 Week Low₫47,500.00
Beta0.71
1 Month Change2.02%
3 Month Change14.06%
1 Year Change22.51%
3 Year Change-32.04%
5 Year Change-23.87%
Change since IPO410.36%

Recent News & Updates

Shareholder Returns

TLGVN Commercial ServicesVN Market
7D-1.6%1.7%0.2%
1Y22.5%72.7%49.0%

Return vs Industry: TLG underperformed the VN Commercial Services industry which returned 72.7% over the past year.

Return vs Market: TLG underperformed the VN Market which returned 49% over the past year.

Price Volatility

Is TLG's price volatile compared to industry and market?
TLG volatility
TLG Beta0.71
Industry Beta0.80
Market Beta1

Stable Share Price: TLG is not significantly more volatile than the rest of VN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TLG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19813,036Dinh Tam Nguyenhttps://www.thienlonggroup.com

Thien Long Group Corporation manufactures and trades in stationery products in Vietnam. The company’s products group include pen, office supplies, students tools, and fine arts tools covering preschool, school, staff, and executive levels. It offers products for schools, businesses, supermarkets, shopping malls, chain stores, bookstores, and online sales channels, as well as exports its products to approximately 60 countries.

Thien Long Group Fundamentals Summary

How do Thien Long Group's earnings and revenue compare to its market cap?
TLG fundamental statistics
Market Cap₫3.35t
Earnings (TTM)₫358.88b
Revenue (TTM)₫3.00t

9.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TLG income statement (TTM)
Revenue₫3.00t
Cost of Revenue₫1.71t
Gross Profit₫1.29t
Expenses₫930.29b
Earnings₫358.88b

Dividends

4.7%

Current Dividend Yield

76%

Payout Ratio

Valuation

Is Thien Long Group undervalued compared to its fair value and its price relative to the market?

14.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TLG (₫43000) is trading below our estimate of fair value (₫50550.78)

Significantly Below Fair Value: TLG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TLG is good value based on its PE Ratio (9.3x) compared to the VN Commercial Services industry average (12.5x).

PE vs Market: TLG is good value based on its PE Ratio (9.3x) compared to the VN market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: TLG is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: TLG is overvalued based on its PB Ratio (1.8x) compared to the VN Commercial Services industry average (1.4x).


Future Growth

How is Thien Long Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TLG's forecast earnings growth (11.5% per year) is above the savings rate (4.2%).

Earnings vs Market: TLG's earnings (11.5% per year) are forecast to grow slower than the VN market (20% per year).

High Growth Earnings: TLG's earnings are forecast to grow, but not significantly.

Revenue vs Market: TLG's revenue (12.9% per year) is forecast to grow slower than the VN market (16.5% per year).

High Growth Revenue: TLG's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TLG's Return on Equity is forecast to be high in 3 years time (20.2%)


Past Performance

How has Thien Long Group performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TLG has high quality earnings.

Growing Profit Margin: TLG's current net profit margins (12%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: TLG's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: TLG's earnings growth over the past year (111.5%) exceeds its 5-year average (5.8% per year).

Earnings vs Industry: TLG earnings growth over the past year (111.5%) exceeded the Commercial Services industry 56.3%.


Return on Equity

High ROE: TLG's Return on Equity (21.1%) is considered high.


Financial Health

How is Thien Long Group's financial position?


Financial Position Analysis

Short Term Liabilities: TLG's short term assets (₫1,914.2B) exceed its short term liabilities (₫568.4B).

Long Term Liabilities: TLG's short term assets (₫1,914.2B) exceed its long term liabilities (₫51.0B).


Debt to Equity History and Analysis

Debt Level: TLG's debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: TLG's debt to equity ratio has reduced from 24.1% to 11.9% over the past 5 years.

Debt Coverage: TLG's debt is well covered by operating cash flow (281.7%).

Interest Coverage: TLG earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Thien Long Group current dividend yield, its reliability and sustainability?

4.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TLG's dividend (4.65%) is higher than the bottom 25% of dividend payers in the VN market (2.55%).

High Dividend: TLG's dividend (4.65%) is low compared to the top 25% of dividend payers in the VN market (6.34%).


Stability and Growth of Payments

Stable Dividend: TLG's dividend payments have been volatile in the past 10 years.

Growing Dividend: TLG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.9%), TLG's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TLG's dividends in 3 years are forecast to be covered by earnings (60% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Dinh Tam Nguyen

4.42yrs

Tenure

Mr. Dinh Tam Nguyen has been the Chief Executive Officer of Thien Long Group Corporation since May 3, 2017. Mr. Nguyen served as Deputy Chief Executive Officer of Thien Long Group Corporation since June 20...


Leadership Team

Experienced Management: TLG's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: TLG's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Thien Long Group Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Thien Long Group Corporation
  • Ticker: TLG
  • Exchange: HOSE
  • Founded: 1981
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: ₫3.345t
  • Shares outstanding: 77.79m
  • Website: https://www.thienlonggroup.com

Number of Employees


Location

  • Thien Long Group Corporation
  • Lot 6-8-10-12
  • Street No. 3
  • Ho Chi Minh City
  • Vietnam

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:30
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.