Thong Nhat Rubber Co. (TNC) Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

N/A

Shareholding

FII

N/A

DII

N/A

Promoter

N/A

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

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 -13.14%, 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

Mojo Parameters

Stock DNA

Industry

Footwear

Market cap

VND 627,550 Million (Small Cap)

P/E

9.00

Industry P/E

Dividend Yield

4.91%

Debt Equity

-0.56

Return on Equity

16.28%

Price to Book

1.83

Revenue and Profits:

Net Sales:

33,347 Million

(Quarterly Results - Mar 2025)

Net Profit:

6,987 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

5.56%

6 Months

0.83%

1 Year

-13.14%

2 Years

-53.94%

3 Years

-55.56%

4 Years

-15.56%

5 Years

-1.94%

Thong Nhat Rubber Co. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

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 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 key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Bearish

Moving Averages

Mildly Bearish (Daily)

KST

Bullish

Mildly Bullish

Dow Theory

Mildly Bullish

OBV

No Trend

Mildly Bullish

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

Shareholding

Shareholding Snapshot

No data for shareholding present.

Shareholding Compare (%holding)

No data for shareholding present.

Financial

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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Mar'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Mar 2025 is -15.54% vs -13.34% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Mar 2025 is 71.78% vs -9.03% in Mar 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "33,346.70",
          "val2": "39,484.40",
          "chgp": "-15.54%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "9,213.00",
          "val2": "4,453.60",
          "chgp": "106.87%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "6,986.80",
          "val2": "4,067.40",
          "chgp": "71.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "206.30%",
          "val2": "51.70%",
          "chgp": "15.46%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 10.54% vs 33.04% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 11.02% vs -36.69% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "143,177.90",
          "val2": "129,523.00",
          "chgp": "10.54%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "27,622.70",
          "val2": "18,067.30",
          "chgp": "52.89%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "465.80",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "29,738.80",
          "val2": "26,786.50",
          "chgp": "11.02%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "124.10%",
          "val2": "64.50%",
          "chgp": "5.96%",
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]

Quarterly Results Snapshot (Consolidated) - Mar'25 - YoY

Mar'25

Mar'24

Change(%)

Net Sales

33,346.70

39,484.40

-15.54%

Operating Profit (PBDIT) excl Other Income

9,213.00

4,453.60

106.87%

Interest

0.00

Exceptional Items

0.00

Consolidate Net Profit

6,986.80

4,067.40

71.78%

Operating Profit Margin (Excl OI)

206.30%

51.70%

15.46%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Mar 2025 is -15.54% vs -13.34% in Mar 2024

Consolidated Net Profit

YoY Growth in quarter ended Mar 2025 is 71.78% vs -9.03% in Mar 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

143,177.90

129,523.00

10.54%

Operating Profit (PBDIT) excl Other Income

27,622.70

18,067.30

52.89%

Interest

0.00

465.80

-100.00%

Exceptional Items

0.00

Consolidate Net Profit

29,738.80

26,786.50

11.02%

Operating Profit Margin (Excl OI)

124.10%

64.50%

5.96%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 10.54% vs 33.04% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 11.02% vs -36.69% in Dec 2023

All Annual Results

Company CV

About Thong Nhat Rubber Co.

Thong Nhat Rubber Co.

Footwear

Thong Nhat Rubber Joint Stock Company is a Vietnam-based company engaged in the rubber industry. It is involved in the operation and management of rubber plantations, as well as the processing and trading of latex and other rubber products. The Company is also engaged in the manufacturing and trading of cashew nuts, animal feeds, corn, tapioca chips and other agricultural products. In addition, it is involved in wood processing, as well as the manufacturing and trading of furniture and wood planks. Other activities include forestation, non-metallic mineral mining and the offering of land clearing services.

Company Coordinates

Company Details

256 duong 27/4, phuong Phuoc Hung , BA RIA None : None

Tel: 84 25 43823119

http://trc.com.vn/

Registrar Details