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 Sep 25
- OPERATING CASH FLOW(Y) Lowest at VND -226,210.14 MM
- NET SALES(9M) At VND 716,578.47 MM has Grown at -23.16%
- INTEREST(9M) At VND 50,546.11 MM has Grown at 83.49%
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 -5.33%, its profits have fallen by -29.7%
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -5.33% 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 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.
-5.33%
-0.68
40.05%
Vietnam VN Ho Chi Minh Index
43.59%
1.93
22.62%
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
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Sideways
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend15What is working for the Company
NET PROFIT(HY)
At VND 10,005.15 MM has Grown at 148.09%
ROCE(HY)
Highest at 15.3%
RAW MATERIAL COST(Y)
Fallen by -55.01% (YoY
NET SALES(Q)
Highest at VND 312,151.95 MM
OPERATING PROFIT(Q)
Highest at VND 11,882.88 MM
OPERATING PROFIT MARGIN(Q)
Highest at 3.81 %
PRE-TAX PROFIT(Q)
At VND -12,447.39 MM has Grown at 57.92%
-12What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at VND -226,210.14 MM
NET SALES(9M)
At VND 716,578.47 MM has Grown at -23.16%
INTEREST(9M)
At VND 50,546.11 MM has Grown at 83.49%
DEBT-EQUITY RATIO
(HY)
Highest at 130.33 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 1.73 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 1.54 times
Here's what is working for Truong Thanh Furniture Corp.
Net Profit
At VND 10,005.15 MM has Grown at 148.09%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (VND MM)
Net Sales
Highest at VND 312,151.95 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (VND MM)
Net Sales
At VND 312,151.95 MM has Grown at 32.14%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (VND MM)
Operating Profit
Highest at VND 11,882.88 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (VND MM)
Operating Profit Margin
Highest at 3.81 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
At VND -12,447.39 MM has Grown at 57.92%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (VND MM)
Raw Material Cost
Fallen by -55.01% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at VND 17,642.69 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (VND MM)
Here's what is not working for Truong Thanh Furniture Corp.
Interest
At VND 50,546.11 MM has Grown at 83.49%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Operating Cash Flow
Lowest at VND -226,210.14 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)
Debt-Equity Ratio
Highest at 130.33 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Inventory Turnover Ratio
Lowest at 1.73 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 1.54 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
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