ScoreWhy is Truong Thanh Furniture Corp. ?
1
High Debt Company with a Debt to Equity ratio (avg) at times
- Poor long term growth as Operating profit has grown by an annual rate 10.96% of over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at times
- The company has been able to generate a Return on Equity (avg) of 2.65% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Operating profit has grown by an annual rate 10.96% of over the last 5 years
3
Flat results in Mar 25
- INTEREST(HY) At VND 33,463.5 MM has Grown at 126.96%
- OPERATING CASH FLOW(Y) Lowest at VND 18,445.89 MM
- PRE-TAX PROFIT(Q) At VND 1,524.21 MM has Fallen at -86.79%
4
With ROE of 9.33%, it has a very expensive valuation with a 2.92 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 22.33%, its profits have fallen by -29.7%
5
Underperformed the market in the last 1 year
- The stock has generated a return of 22.33% in the last 1 year, much lower than market (Vietnam VN Ho Chi Minh Index) returns of 33.89%
Real-Time Research ReportHow 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 Furniture, Home Furnishing)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Truong Thanh Furniture Corp. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Truong Thanh Furniture Corp.
21.94%
-0.24
37.30%
Vietnam VN Ho Chi Minh Index
29.95%
1.61
21.07%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
-3.29%
EBIT Growth (5y)
10.96%
EBIT to Interest (avg)
-0.03
Debt to EBITDA (avg)
601.14
Net Debt to Equity (avg)
0.64
Sales to Capital Employed (avg)
1.87
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.50%
ROE (avg)
2.65%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
31
Industry P/E
Price to Book Value
2.92
EV to EBIT
-11.87
EV to EBITDA
-22.39
EV to Capital Employed
1.96
EV to Sales
1.63
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-16.50%
ROE (Latest)
9.33%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend3What is working for the Company
NET PROFIT(HY)
Higher at VND 42,864.34 MM
INVENTORY TURNOVER RATIO(HY)
Highest at 2.3%
-35What is not working for the Company
INTEREST(HY)
At VND 33,463.5 MM has Grown at 126.96%
OPERATING CASH FLOW(Y)
Lowest at VND 18,445.89 MM
PRE-TAX PROFIT(Q)
At VND 1,524.21 MM has Fallen at -86.79%
NET PROFIT(HY)
At VND 42,864.34 MM has Grown at -25.69%
RAW MATERIAL COST(Y)
Grown by 73.24% (YoY
DEBTORS TURNOVER RATIO(HY)
Lowest at 1.77%
NET SALES(Q)
Lowest at VND 178,698.3 MM
OPERATING PROFIT(Q)
Lowest at VND -23,135.31 MM
OPERATING PROFIT MARGIN(Q)
Lowest at -12.95 %
Here's what is working for Truong Thanh Furniture Corp.
Net Profit
Higher at VND 42,864.34 MM
than preceding 12 month period ended Mar 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (VND MM)
Inventory Turnover Ratio
Highest at 2.3%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Depreciation
At VND 17,199.03 MM has Grown at 26.74%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (VND MM)
Here's what is not working for Truong Thanh Furniture Corp.
Interest
At VND 33,463.5 MM has Grown at 126.96%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Net Sales
At VND 178,698.3 MM has Fallen at -44.74%
Year on Year (YoY)MOJO Watch
Near term sales trend is extremely negative
Net Sales (VND MM)
Pre-Tax Profit
At VND 1,524.21 MM has Fallen at -86.79%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (VND MM)
Operating Cash Flow
Lowest at VND 18,445.89 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (VND MM)
Net Profit
At VND 42,864.34 MM has Grown at -25.69%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (VND MM)
Net Sales
Lowest at VND 178,698.3 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (VND MM)
Operating Profit
Lowest at VND -23,135.31 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (VND MM)
Operating Profit Margin
Lowest at -12.95 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Debtors Turnover Ratio
Lowest at 1.77%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 73.24% (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
Non Operating Income
Highest at VND 38.32 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
GET THE MARKETSMOJO APP
Company
Stocks
Portfolio
"Investment in securities markets are subject to market risk. Read all the related documents carefully before investing."
