Thong Nhat Rubber Co. (TNC) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Song Hong Garment JSC

TNG Investment & Trading JSC

Thong Nhat Rubber Co.

Garmex Saigon Corp.

Binh Thanh Import-Export Production & Trade JSC

Why is Thong Nhat Rubber Co. ?

With ROE of 19.20%, it has a fair valuation with a 1.68 Price to Book Value

The stock is trading at a premium compared to its peers' average historical valuations
Over the past year, while the stock has generated a return of -7.05%, its profits have risen by 167% ; the PEG ratio of the company is 0.1
At the current price, the company has a high dividend yield of 5.4

Consistent Underperformance against the benchmark over the last 3 years

Along with generating -7.05% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in each of the last 3 annual periods

Real-Time Research Report

Verdict Report

How much should you sell?

All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Footwear)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Thong Nhat Rubber Co. for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

Thong Nhat Rubber Co.

-7.05%

-0.70

59.50%

Vietnam VN Ho Chi Minh Index

43.59%

1.93

22.62%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

19.14%

EBIT Growth (5y)

43.72%

EBIT to Interest (avg)

100.00

Debt to EBITDA (avg)

Net Debt to Equity (avg)

-0.45

Sales to Capital Employed (avg)

0.40

Tax Ratio

11.98%

Dividend Payout Ratio

103.57%

Pledged Shares

Institutional Holding

ROCE (avg)

4.68%

ROE (avg)

11.95%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.68

EV to EBIT

14.03

EV to EBITDA

10.41

EV to Capital Employed

2.54

EV to Sales

2.71

PEG Ratio

0.05

Dividend Yield

5.42%

ROCE (Latest)

18.09%

ROE (Latest)

19.20%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bullish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Bearish

Moving Averages

Mildly Bullish (Daily)

KST

Bullish

Mildly Bullish

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

9What is working for the Company

INVENTORY TURNOVER RATIO(HY)

Highest at 2.75 times

NET SALES(Q)

Highest at VND 58,235.62 MM

-14What is not working for the Company

PRE-TAX PROFIT(Q)

At VND 7,214.69 MM has Fallen at -53.5%

NET PROFIT(Q)

At VND 6,179.25 MM has Fallen at -52.56%

DIVIDEND PAYOUT RATIO(Y)

Lowest at 0%

RAW MATERIAL COST(Y)

Grown by 34.71% (YoY

DEBT-EQUITY RATIO (HY)

Highest at 0 %

DIVIDEND PER SHARE(HY)

Lowest at VND 8.67

Here's what is working for Thong Nhat Rubber Co.

Net Sales

Highest at VND 58,235.62 MM

in the last five periods

MOJO Watch

Near term sales trend is positive

Net Sales (VND MM)

Net Sales

At VND 58,235.62 MM has Grown at 36.66%

Year on Year (YoY)

MOJO Watch

Near term sales trend is positive

Net Sales (VND MM)

Inventory Turnover Ratio

Highest at 2.75 times

in the last five Semi-Annual periods

MOJO Watch

Company has been able to sell its inventory faster

Inventory Turnover Ratio

Here's what is not working for Thong Nhat Rubber Co.

Pre-Tax Profit

At VND 7,214.69 MM has Fallen at -53.5%

Year on Year (YoY)

MOJO Watch

Near term Pre-Tax Profit trend is very negative

Pre-Tax Profit (VND MM)

Net Profit

At VND 6,179.25 MM has Fallen at -52.56%

Year on Year (YoY)

MOJO Watch

Near term Net Profit trend is very negative

Net Profit (VND MM)

Debt-Equity Ratio

Highest at 0 %

in the last five Semi-Annual periods

MOJO Watch

The company is borrowing more to fund its operations; it's liquidity situation may be stressed

Debt-Equity Ratio

Dividend per share

Lowest at VND 8.67

in the last five years

MOJO Watch

Company is distributing lower dividend than previous years

DPS (VND)

Dividend Payout Ratio

Lowest at 0%

in the last five years

MOJO Watch

Company is distributing lower proportion of profits generated as dividend

DPR (%)

Raw Material Cost

Grown by 34.71% (YoY)

MOJO Watch

The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin

Raw Material Cost as a percentage of Sales