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TCM

Thanh Cong Textile Garment Investment Trading HOSE:TCM Stock Report

Last Price

₫45.00k

Market Cap

₫3.7t

7D

3.9%

1Y

-32.8%

Updated

03 Aug, 2022

Data

Company Financials +
TCM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends0/6

TCM Stock Overview

Thanh Cong Textile Garment Investment Trading Joint Stock Company, together with its subsidiaries, engages in textile and garment manufacturing, fashion retail, and real estate businesses in Vietnam.

Thanh Cong Textile Garment Investment Trading Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Thanh Cong Textile Garment Investment Trading
Historical stock prices
Current Share Price₫45,000.00
52 Week High₫75,217.39
52 Week Low₫39,300.00
Beta1.59
1 Month Change-1.75%
3 Month Change-26.07%
1 Year Change-32.79%
3 Year Change152.19%
5 Year Change155.51%
Change since IPO-0.70%

Recent News & Updates

Shareholder Returns

TCMVN LuxuryVN Market
7D3.9%3.7%4.5%
1Y-32.8%7.1%-6.8%

Return vs Industry: TCM underperformed the VN Luxury industry which returned 7.5% over the past year.

Return vs Market: TCM underperformed the VN Market which returned -7.1% over the past year.

Price Volatility

Is TCM's price volatile compared to industry and market?
TCM volatility
TCM Average Weekly Movement6.4%
Luxury Industry Average Movement7.6%
Market Average Movement7.7%
10% most volatile stocks in VN Market10.3%
10% least volatile stocks in VN Market4.3%

Stable Share Price: TCM is not significantly more volatile than the rest of VN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TCM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19676,981Jung Kwanhttps://www.thanhcong.com.vn

Thanh Cong Textile Garment Investment Trading Joint Stock Company, together with its subsidiaries, engages in textile and garment manufacturing, fashion retail, and real estate businesses in Vietnam. It produces, trades in, imports, and exports yarns, cotton, fabrics, garments, footwear and machineries, equipment, spare parts, raw materials, supplies, chemicals, dyeing chemicals, and packaging products; and trades in pharmaceutical and medical equipment and supplies. The company also retails meat and meat products; aquatic products; vegetables; milk and dairy products, cakes, jams, and sweets; products made from cereals, flour, and starch; drinks; and other foods.

Thanh Cong Textile Garment Investment Trading Fundamentals Summary

How do Thanh Cong Textile Garment Investment Trading's earnings and revenue compare to its market cap?
TCM fundamental statistics
Market Cap₫3.69t
Earnings (TTM)₫116.05b
Revenue (TTM)₫3.78t

31.8x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TCM income statement (TTM)
Revenue₫3.78t
Cost of Revenue₫3.24t
Gross Profit₫538.89b
Other Expenses₫422.83b
Earnings₫116.05b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.42k
Gross Margin14.25%
Net Profit Margin3.07%
Debt/Equity Ratio62.1%

How did TCM perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TCM 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/Revenue1.1x
Enterprise Value/EBITDA14.2x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

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

TCM PE Ratio vs Peers
The above table shows the PE ratio for TCM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9x
MSH Song Hong Garment
8x26.0%₫3.3t
STK Century Synthetic Fiber
13.2x25.8%₫3.7t
SFN Saigon Fishing Net
4.5xn/a₫73.0b
TNG TNG Investment and Trading
10.3x7.1%₫2.8t
TCM Thanh Cong Textile Garment Investment Trading
31.8x41.3%₫3.7t

Price-To-Earnings vs Peers: TCM is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the peer average (9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TCM is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the VN Luxury industry average (10.2x)


Price to Earnings Ratio vs Fair Ratio

What is TCM'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.

TCM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.8x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: TCM is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).


Share Price vs Fair Value

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

Below Fair Value: TCM (₫45000) is trading below our estimate of fair value (₫57704.04)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Thanh Cong Textile Garment Investment Trading forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


41.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCM's forecast earnings growth (41.3% per year) is above the savings rate (3.7%).

Earnings vs Market: TCM's earnings (41.3% per year) are forecast to grow faster than the VN market (19.3% per year).

High Growth Earnings: TCM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TCM's revenue (15.5% per year) is forecast to grow slower than the VN market (16.7% per year).

High Growth Revenue: TCM's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TCM's Return on Equity is forecast to be low in 3 years time (19.1%).


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Past Performance

How has Thanh Cong Textile Garment Investment Trading performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.01%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TCM has high quality earnings.

Growing Profit Margin: TCM's current net profit margins (3.1%) are lower than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: TCM's earnings have declined by 0.01% per year over the past 5 years.

Accelerating Growth: TCM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TCM had negative earnings growth (-55.8%) over the past year, making it difficult to compare to the Luxury industry average (14.1%).


Return on Equity

High ROE: TCM's Return on Equity (8.3%) is considered low.


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Financial Health

How is Thanh Cong Textile Garment Investment Trading's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TCM's short term assets (₫2,509.3B) exceed its short term liabilities (₫1,776.5B).

Long Term Liabilities: TCM's short term assets (₫2,509.3B) exceed its long term liabilities (₫180.8B).


Debt to Equity History and Analysis

Debt Level: TCM's net debt to equity ratio (28.2%) is considered satisfactory.

Reducing Debt: TCM's debt to equity ratio has reduced from 132.3% to 62.1% over the past 5 years.

Debt Coverage: TCM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TCM's interest payments on its debt are well covered by EBIT (173.4x coverage).


Balance Sheet


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Dividend

What is Thanh Cong Textile Garment Investment Trading current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.84%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TCM's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the VN market (2.85%).

High Dividend: TCM's dividend (0.84%) is low compared to the top 25% of dividend payers in the VN market (7.47%).


Stability and Growth of Payments

Stable Dividend: TCM is not paying a notable dividend for the VN market, therefore no need to check if payments are stable.

Growing Dividend: TCM is not paying a notable dividend for the VN market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: TCM is not paying a notable dividend for the VN market.


Cash Payout to Shareholders

Cash Flow Coverage: TCM is paying a dividend but the company has no free cash flows.


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Management

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

2.8yrs

Average management tenure


CEO

Jung Kwan

1.25yrs

Tenure

₫2,774,597,592

Compensation

Mr. Kwan Sung Jung is Director of Thanh Cong Textile Garment Investment Trading Joint Stock Company from April 06, 2021 and serves as its CEO since May 31, 2021 and serves as its Member of Executive Manage...


Leadership Team

Experienced Management: TCM's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: TCM's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Thanh Cong Textile Garment Investment Trading Joint Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: Thanh Cong Textile Garment Investment Trading Joint Stock Company
  • Ticker: TCM
  • Exchange: HOSE
  • Founded: 1967
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: ₫3.688t
  • Shares outstanding: 81.95m
  • Website: https://www.thanhcong.com.vn

Number of Employees


Location

  • Thanh Cong Textile Garment Investment Trading Joint Stock Company
  • 36 Tay Thanh Street
  • Tay Thanh Ward
  • 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 Analysis2022/08/03 00:00
End of Day Share Price2022/08/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.