TNG Investment and Trading Joint Stock Company

HNX:TNG Stock Report

Market Cap: ₫2.7t

TNG Investment and Trading Valuation

Is TNG 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
₫11.22k
Fair Value
91.6% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: TNG (₫21500) is trading above our estimate of fair value (₫11221.5)

Significantly Below Fair Value: TNG is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As TNG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TNG. This is calculated by dividing TNG's market cap by their current earnings.
What is TNG's PE Ratio?
PE Ratio10.5x
Earnings₫251.64b
Market Cap₫2.66t

Price to Earnings Ratio vs Peers

How does TNG's PE Ratio compare to its peers?

The above table shows the PE ratio for TNG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24x
X20 X20
5.7xn/a₫263.9b
GIL Binh Thanh Import Export Production and Trade
64.5xn/a₫1.7t
PNJ Phu Nhuan Jewelry
14.3x16.8%₫29.8t
TDT TDT Investment and Development
11.6xn/a₫172.1b
TNG TNG Investment and Trading
10.5x31.6%₫2.7t

Price-To-Earnings vs Peers: TNG is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does TNG's PE Ratio compare vs other companies in the Asian Luxury Industry?

34 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TNG 10.5xIndustry Avg. 18.6xNo. of Companies98PE01632486480+
34 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TNG is good value based on its Price-To-Earnings Ratio (10.5x) compared to the Asian Luxury industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

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

TNG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: TNG is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

Analyst Price Targets

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

The above table shows the analyst TNG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫21,500.00
₫29,950.00
+39.3%
1.8%₫30,500.00₫29,400.00n/a2
Jan ’26₫25,200.00
₫26,777.78
+6.3%
13.9%₫30,500.00₫23,055.56n/a2
Dec ’25₫25,000.00
₫26,065.43
+4.3%
12.3%₫30,500.00₫23,055.56n/a3
Nov ’25₫24,800.00
₫26,065.43
+5.1%
12.3%₫30,500.00₫23,055.56n/a3
Oct ’25₫26,200.00
₫26,065.43
-0.5%
12.3%₫30,500.00₫23,055.56n/a3
Sep ’25₫27,200.00
₫25,466.67
-6.4%
9.3%₫28,703.70₫23,055.56n/a3
Aug ’25₫24,700.00
₫25,466.67
+3.1%
9.3%₫28,703.70₫23,055.56n/a3
Jul ’25₫25,462.96
₫25,466.67
+0.01%
9.3%₫28,703.70₫23,055.56n/a3
Jun ’25₫24,629.63
₫24,123.15
-2.1%
12.9%₫28,703.70₫20,092.59n/a4
May ’25₫18,611.11
₫22,469.14
+20.7%
7.8%₫24,259.26₫20,092.59n/a3
Apr ’25₫20,648.15
₫22,469.14
+8.8%
7.8%₫24,259.26₫20,092.59n/a3
Mar ’25₫19,814.81
₫22,469.14
+13.4%
7.8%₫24,259.26₫20,092.59₫23,500.003
Feb ’25₫19,166.67
₫19,197.53
+0.2%
6.6%₫20,092.59₫17,407.41n/a3
Jan ’25₫18,518.52
₫19,358.80
+4.5%
5.8%₫20,092.59₫17,407.41₫25,200.004
Dec ’24₫16,851.85
₫19,358.80
+14.9%
5.8%₫20,092.59₫17,407.41₫25,000.004
Nov ’24₫16,388.89
₫20,030.09
+22.2%
0.5%₫20,092.59₫19,842.59₫24,800.004
Oct ’24₫18,796.30
₫20,030.09
+6.6%
0.5%₫20,092.59₫19,842.59₫26,200.004
Sep ’24₫18,703.70
₫20,030.09
+7.1%
0.5%₫20,092.59₫19,842.59₫27,200.004
Aug ’24₫19,351.85
₫19,310.79
-0.2%
3.4%₫20,092.59₫18,604.25₫24,700.004
Jul ’24₫17,592.59
₫18,245.43
+3.7%
8.1%₫19,842.59₫16,289.44₫25,462.963
Jun ’24₫17,061.04
₫17,546.87
+2.8%
5.4%₫18,604.25₫16,289.44₫24,629.633
May ’24₫16,889.57
₫17,546.87
+3.9%
5.4%₫18,604.25₫16,289.44₫18,611.113
Apr ’24₫14,660.49
₫17,546.87
+19.7%
5.4%₫18,604.25₫16,289.44₫20,648.153
Mar ’24₫15,432.10
₫17,975.54
+16.5%
2.5%₫18,604.25₫17,575.45₫19,814.813
Analyst Price Target
Consensus Narrative from 2 Analysts
₫29.95k
Fair Value
28.2% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/20 09:36
End of Day Share Price 2025/03/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TNG Investment and Trading Joint Stock Company is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tung TranBIDV Securities Joint Stock Company