Dashboard
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
4
With ROE of 9.33%, it has a very expensive valuation with a 2.92 Price to Book Value
5
Underperformed the market in the last 1 year
Stock DNA
Furniture, Home Furnishing
VND 1,597,742 Million (Small Cap)
31.00
NA
0.00%
0.78
15.28%
4.59
Revenue and Profits:
Net Sales:
178,698 Million
(Quarterly Results - Mar 2025)
Net Profit:
1,585 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
21.15%
0%
21.15%
6 Months
46.51%
0%
46.51%
1 Year
21.94%
0%
21.94%
2 Years
-14.29%
0%
-14.29%
3 Years
-19.57%
0%
-19.57%
4 Years
-65.48%
0%
-65.48%
5 Years
-32.86%
0%
-32.86%
Truong Thanh Furniture Corp. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality 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%
Valuation 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%
Technicals 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
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - YoY
Mar'25
Mar'24
Change(%)
Net Sales
178,698.30
323,348.80
-44.74%
Operating Profit (PBDIT) excl Other Income
-23,135.30
-5,310.30
-335.67%
Interest
16,553.80
0.00
Exceptional Items
0.00
0.00
Consolidate Net Profit
1,584.90
11,587.40
-86.32%
Operating Profit Margin (Excl OI)
-225.70%
-64.20%
-16.15%
USD in Million.
Net Sales
YoY Growth in quarter ended Mar 2025 is -44.74% vs -2.38% in Mar 2024
Consolidated Net Profit
YoY Growth in quarter ended Mar 2025 is -86.32% vs 529.92% in Mar 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
1,223,289.80
1,560,471.50
-21.61%
Operating Profit (PBDIT) excl Other Income
11,760.50
61,301.50
-80.82%
Interest
69,432.30
67,696.20
2.56%
Exceptional Items
38,099.40
15,914.50
139.40%
Consolidate Net Profit
7,325.90
-144,246.90
105.08%
Operating Profit Margin (Excl OI)
-39.50%
-1.00%
-3.85%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is -21.61% vs -22.03% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 105.08% vs -11,631.21% in Dec 2023
About Truong Thanh Furniture Corp. 
Truong Thanh Furniture Corp.
Furniture, Home Furnishing
Truong Thanh Furniture Corporation is a Vietnam-based company engaged in the home furnishing industry. The Company manufactures and markets wooden products, including interior and outdoor upholstered and non-upholstered furniture and decorations, such as beds, tables, chairs, wardrobes, shelves, couches, floorboards, as well as doors, windows, veneers and plywoods. Its products are exported to over 30 countries, including European markets, South American markets, the United States, Japan, Australia and others. The Company is also involved in forestation and the trading of supplies for wood processing activities, along with real estate operations.
Company Coordinates 
Company Details
Binh Chuan Commune, Thuan An District , BINH DUONG None : None
Registrar Details






