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Thien Long Group

HOSE:TLG
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TLG
HOSE
₫3,081B
Market Cap
  1. Home
  2. VN
  3. Commercial Services
Company description

Thien Long Group Corporation, together with its subsidiaries, manufactures and sells stationery and school supplies in Vietnam. The last earnings update was 30 days ago. More info.


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TLG Share Price and Events
7 Day Returns
3.7%
HOSE:TLG
3.8%
VN Commercial Services
-0.8%
VN Market
1 Year Returns
-32%
HOSE:TLG
-29.5%
VN Commercial Services
-3.3%
VN Market
TLG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thien Long Group (TLG) 3.7% 0.3% -5.2% -32% -28.2% 93.2%
VN Commercial Services 3.8% 1.6% -4.6% -29.5% -32% 54.1%
VN Market -0.8% -4.6% -5.6% -3.3% 32.6% 67.9%
1 Year Return vs Industry and Market
  • TLG underperformed the Commercial Services industry which returned -29.5% over the past year.
  • TLG underperformed the Market in Viet Nam which returned -3.3% over the past year.
Price Volatility
TLG
Industry
5yr Volatility vs Market

Value

 Is Thien Long Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Thien Long Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thien Long Group.

HOSE:TLG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year VN Government Bond Rate 3.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HOSE:TLG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year VN Govt Bond Rate 3.7%
Equity Risk Premium S&P Global 9.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.65
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.649 (1 + (1- 20%) (7.17%))
0.79
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.71% + (0.8 * 9.33%)
11.17%

Discounted Cash Flow Calculation for HOSE:TLG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Thien Long Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

HOSE:TLG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (VND, Millions) Source Present Value
Discounted (@ 11.17%)
2020 30,000.00 Analyst x1 26,984.73
2021 206,000.00 Analyst x1 166,671.27
2022 239,000.00 Analyst x1 173,935.49
2023 347,000.00 Analyst x1 227,151.99
2024 399,000.00 Analyst x1 234,939.88
2025 439,186.56 Est @ 10.07% 232,610.68
2026 475,038.57 Est @ 8.16% 226,311.30
2027 507,470.84 Est @ 6.83% 217,462.93
2028 537,371.55 Est @ 5.89% 207,131.23
2029 565,516.24 Est @ 5.24% 196,070.73
Present value of next 10 years cash flows ₫1,909,270.00
HOSE:TLG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₫565,516.24 × (1 + 3.71%) ÷ (11.17% – 3.71%)
₫7,857,675.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₫7,857,675.36 ÷ (1 + 11.17%)10
₫2,724,342.87
HOSE:TLG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₫1,909,270.00 + ₫2,724,342.87
₫4,633,612.87
Equity Value per Share
(VND)
= Total value / Shares Outstanding
= ₫4,633,612.87 / 77.79
₫59562.25
HOSE:TLG Discount to Share Price
Calculation Result
Value per share (VND) From above. ₫59,562.25
Current discount Discount to share price of ₫39,600.00
= -1 x (₫39,600.00 - ₫59,562.25) / ₫59,562.25
33.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Thien Long Group is available for.
Intrinsic value
34%
Share price is ₫39600 vs Future cash flow value of ₫59562.25
Current Discount Checks
For Thien Long Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thien Long Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thien Long Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thien Long Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thien Long Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HOSE:TLG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in VND ₫4,083.87
HOSE:TLG Share Price ** HOSE (2020-02-20) in VND ₫39600
Viet Nam Commercial Services Industry PE Ratio Median Figure of 7 Publicly-Listed Commercial Services Companies 9.77x
Viet Nam Market PE Ratio Median Figure of 386 Publicly-Listed Companies 9.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thien Long Group.

HOSE:TLG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HOSE:TLG Share Price ÷ EPS (both in VND)

= 39600 ÷ 4,083.87

9.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thien Long Group is good value based on earnings compared to the VN Commercial Services industry average.
  • Thien Long Group is overvalued based on earnings compared to the Viet Nam market.
Price based on expected Growth
Does Thien Long Group's expected growth come at a high price?
Raw Data
HOSE:TLG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
14.1%per year
Asia Commercial Services Industry PEG Ratio Median Figure of 82 Publicly-Listed Commercial Services Companies 1.49x
Viet Nam Market PEG Ratio Median Figure of 55 Publicly-Listed Companies 0.64x

*Line of best fit is calculated by linear regression .

HOSE:TLG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.7x ÷ 14.1%

0.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thien Long Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Thien Long Group's assets?
Raw Data
HOSE:TLG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in VND ₫23,227.71
HOSE:TLG Share Price * HOSE (2020-02-20) in VND ₫39600
Viet Nam Commercial Services Industry PB Ratio Median Figure of 7 Publicly-Listed Commercial Services Companies 0.98x
Viet Nam Market PB Ratio Median Figure of 405 Publicly-Listed Companies 0.99x
HOSE:TLG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HOSE:TLG Share Price ÷ Book Value per Share (both in VND)

= 39600 ÷ 23,227.71

1.7x

* Primary Listing of Thien Long Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thien Long Group is overvalued based on assets compared to the VN Commercial Services industry average.
X
Value checks
We assess Thien Long Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Thien Long Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Thien Long Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thien Long Group expected to grow at an attractive rate?
  • Thien Long Group's earnings growth is expected to exceed the low risk savings rate of 3.7%.
Growth vs Market Checks
  • Thien Long Group's earnings growth is positive but not above the Viet Nam market average.
  • Thien Long Group's revenue growth is positive but not above the Viet Nam market average.
Annual Growth Rates Comparison
Raw Data
HOSE:TLG Future Growth Rates Data Sources
Data Point Source Value (per year)
HOSE:TLG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 14.1%
HOSE:TLG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 12.4%
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
Viet Nam Market Earnings Growth Rate Market Cap Weighted Average 15.3%
Viet Nam Market Revenue Growth Rate Market Cap Weighted Average 20.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HOSE:TLG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in VND Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HOSE:TLG Future Estimates Data
Date (Data in VND Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 4,180,000 329,000 418,000 1
2020-12-31 3,692,000 289,000 369,000 1
2020-02-20
HOSE:TLG Past Financials Data
Date (Data in VND Millions) Revenue Cash Flow Net Income *
2019-12-31 3,256,109 258,169 314,178
2019-09-30 3,058,293 282,376 269,228
2019-06-30 2,994,281 256,836 285,652
2019-03-31 2,856,870 105,808 237,373
2018-12-31 2,855,776 43,502 264,946
2018-09-30 2,695,980 79,401 250,946
2018-06-30 2,640,465 46,103 244,971
2018-03-31 2,541,078 96,296 244,437
2017-12-31 2,497,401 120,407 241,252
2017-09-30 2,416,557 92,219 237,659
2017-06-30 2,369,112 191,806 235,632
2017-03-31 2,269,785 237,417 217,247

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thien Long Group's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Thien Long Group's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HOSE:TLG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Thien Long Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:TLG Future Estimates Data
Date (Data in VND Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 4,840.00 4,840.00 4,840.00 1.00
2020-12-31 4,271.00 4,271.00 4,271.00 1.00
2020-02-20
HOSE:TLG Past Financials Data
Date (Data in VND Millions) EPS *
2019-12-31 4,083.87
2019-09-30 3,724.01
2019-06-30 3,951.20
2019-03-31 3,283.39
2018-12-31 3,664.78
2018-09-30 3,320.49
2018-06-30 3,289.00
2018-03-31 3,318.00
2017-12-31 3,337.05
2017-09-30 3,299.58
2017-06-30 3,283.66
2017-03-31 3,038.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Thien Long Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Thien Long Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thien Long Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Thien Long Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thien Long Group's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thien Long Group's year on year earnings growth rate has been positive over the past 5 years.
  • Thien Long Group's 1-year earnings growth exceeds its 5-year average (18.6% vs 13.9%)
  • Thien Long Group's earnings growth has exceeded the VN Commercial Services industry average in the past year (18.6% vs 10.9%).
Earnings and Revenue History
Thien Long Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thien Long Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HOSE:TLG Past Revenue, Cash Flow and Net Income Data
Date (Data in VND Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,256,108.71 314,178.34 788,811.61
2019-09-30 3,058,293.06 269,227.79 757,689.05
2019-06-30 2,994,281.35 285,652.41 723,558.35
2019-03-31 2,856,869.60 237,373.04 712,370.04
2018-12-31 2,855,776.35 264,945.82 705,372.84
2018-09-30 2,695,980.12 250,946.06 679,170.90
2018-06-30 2,640,464.73 244,970.75 659,339.21
2018-03-31 2,541,078.39 244,437.23 631,622.86
2017-12-31 2,497,400.72 241,252.27 619,775.75
2017-09-30 2,416,556.90 237,659.27 596,491.79
2017-06-30 2,369,112.41 235,632.10 597,006.33
2017-03-31 2,269,784.75 217,247.30 573,926.23
2016-12-31 2,162,315.91 211,264.15 548,702.47
2016-09-30 2,113,555.96 206,649.28 538,117.43
2016-06-30 2,083,417.59 207,720.33 511,767.99
2016-03-31 1,949,904.19 182,982.50 487,723.21
2015-12-31 1,883,741.59 169,072.19 474,111.86
2015-09-30 1,794,157.13 168,807.00 445,685.98
2015-06-30 1,717,327.23 148,524.60 427,234.00
2015-03-31 1,663,905.30 134,579.25 421,296.06
2014-12-31 1,613,576.91 132,657.98 404,505.81
2014-09-30 1,567,196.76 127,578.87 374,623.77
2014-06-30 1,512,587.25 110,616.58 363,012.47
2014-03-31 1,428,946.19 104,774.17 347,044.80
2013-12-31 1,406,207.54 116,562.56 338,483.28
2013-09-30 1,343,932.67 112,649.48 333,758.34
2013-06-30 1,248,990.34 103,432.12 320,916.52
2013-03-31 1,200,012.28 97,883.76 297,520.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Thien Long Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thien Long Group used its assets more efficiently than the VN Commercial Services industry average last year based on Return on Assets.
  • Thien Long Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thien Long Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thien Long Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Thien Long Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thien Long Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thien Long Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thien Long Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thien Long Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Thien Long Group Company Filings, last reported 1 month ago.

HOSE:TLG Past Debt and Equity Data
Date (Data in VND Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,806,986.87 220,959.63 657,097.98
2019-09-30 1,791,882.57 164,324.71 697,522.91
2019-06-30 1,778,952.40 148,374.36 549,001.60
2019-03-31 1,701,820.35 171,803.35 489,207.05
2018-12-31 1,268,668.40 222,159.94 146,394.72
2018-09-30 1,225,263.51 206,294.88 265,369.08
2018-06-30 1,208,534.11 271,200.70 254,901.13
2018-03-31 1,105,687.29 190,625.52 232,774.51
2017-12-31 1,059,954.78 166,033.68 354,263.27
2017-09-30 1,060,086.43 155,451.31 394,003.98
2017-06-30 998,221.52 173,326.04 430,881.47
2017-03-31 965,273.07 203,404.74 384,247.70
2016-12-31 924,226.46 192,392.97 425,046.91
2016-09-30 956,684.98 183,065.48 500,428.17
2016-06-30 896,828.39 216,343.03 494,985.19
2016-03-31 859,284.37 212,903.59 334,190.60
2015-12-31 821,643.49 242,903.76 427,579.30
2015-09-30 831,635.21 254,846.40 406,469.97
2015-06-30 763,039.01 211,972.79 324,248.86
2015-03-31 751,714.81 204,346.60 317,767.87
2014-12-31 732,173.70 198,225.64 317,680.44
2014-09-30 727,221.82 224,078.09 286,349.56
2014-06-30 677,432.71 252,096.25 217,745.96
2014-03-31 646,795.70 223,924.63 187,885.52
2013-12-31 629,588.65 249,325.22 176,508.39
2013-09-30 616,658.68 255,011.33 174,564.20
2013-06-30 582,321.60 268,537.07 147,685.08
2013-03-31 576,082.24 257,386.19 158,843.76
  • Thien Long Group's level of debt (12.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (27.1% vs 12.2% today).
  • Debt is well covered by operating cash flow (116.8%, greater than 20% of total debt).
  • Thien Long Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Thien Long Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thien Long Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Thien Long Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.44%
Current annual income from Thien Long Group dividends. Estimated to be 5.68% next year.
If you bought ₫2,000 of Thien Long Group shares you are expected to receive ₫69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Thien Long Group's pays a lower dividend yield than the bottom 25% of dividend payers in Viet Nam (4.6%).
  • Thien Long Group's dividend is below the markets top 25% of dividend payers in Viet Nam (11.31%).
Upcoming dividend payment

Purchase Thien Long Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HOSE:TLG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Viet Nam Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Viet Nam Market Average Dividend Yield Market Cap Weighted Average of 237 Stocks 3.6%
Viet Nam Minimum Threshold Dividend Yield 10th Percentile 3.1%
Viet Nam Bottom 25% Dividend Yield 25th Percentile 4.6%
Viet Nam Top 25% Dividend Yield 75th Percentile 11.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HOSE:TLG Future Dividends Estimate Data
Date (Data in ₫) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 2,500.00 1.00
2020-12-31 2,000.00 1.00
2020-02-20
HOSE:TLG Past Annualized Dividends Data
Date (Data in ₫) Dividend per share (annual) Avg. Yield (%)
2019-09-05 1,363.636 3.122
2017-12-06 1,506.186 2.393
2017-06-19 1,613.771 2.284
2015-06-03 752.341 2.017
2014-12-17 327.105 1.533
2014-04-21 0.000 0.000
2014-02-14 0.000 0.000
2013-11-04 297.368 2.287
2013-06-12 297.368 2.829
2012-02-17 247.807 4.564

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thien Long Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Thien Long Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Thien Long Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Thien Long Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thien Long Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thien Long Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Thien Long Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dinh Tam Nguyen
TENURE AS CEO 2.8 years
CEO Bio

Mr. Dinh Tam Nguyen has been the Chief Executive Officer of Thien Long Group Corporation since May 3, 2017. Mr. Nguyen served as Deputy Chief Executive Officer of Thien Long Group Corporation since June 2013 until May 3, 2017. Mr. Nguyen served as Production Group Director of Thien Long Group Corporation. He served as a Director of Thien Long Group Corporation until May 2017.

CEO Compensation
  • Insufficient data for Dinh Tam to compare compensation growth.
  • Insufficient data for Dinh Tam to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Thien Long Group management team in years:

2.8
Average Tenure
  • The tenure for the Thien Long Group management team is about average.
Management Team

Dinh Tam Nguyen

TITLE
Chief Executive Officer
TENURE
2.8 yrs

Tran Nga

TITLE
Chief Financial Officer

Nguyen Nhon

TITLE
Chief Accountant
TENURE
2.8 yrs

Bao Tinh Diep

TITLE
Director of Technology
TENURE
2.3 yrs

Van Hao Trinh

TITLE
Marketing Director
TENURE
3.1 yrs

Bui Van Huong

TITLE
HR Group Director & Deputy General Director

Phuong Phan

TITLE
Procurement Group Director & Deputy General Director

Anh Hao Truong

TITLE
General Director of Thien Long Global Co Ltd

Viet Nguyen

TITLE
Deputy General Director
Board of Directors

Co Tho

TITLE
Chairman

Tran Thanh

TITLE
Vice Chairman

Nga Thi Nguyen

TITLE
Chairman of Supervisory Board

Thien Huynh

TITLE
Director

Binh Co

TITLE
Director

Nguyet Co

TITLE
Director

Tran Van Hung

TITLE
Director
TENURE
6.8 yrs

Tran Nhu

TITLE
Director

Tran Nguyen

TITLE
Director

Hau Dinh

TITLE
Member of Supervisory Board
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₫) Value (₫)
X
Management checks
We assess Thien Long Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thien Long Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Thien Long Group Corporation, together with its subsidiaries, manufactures and sells stationery and school supplies in Vietnam. The company also provides plastic teaching equipment, plastic household goods, printing trademark, silk screen printing and packages, and printing products. The company was founded in 1981 and is headquartered in Ho Chi Minh City, Vietnam.

Details
Name: Thien Long Group Corporation
TLG
Exchange: HOSE
Founded: 1981
₫3,080,660,338,800
77,794,453
Website: http://www.thienlonggroup.com
Address: Thien Long Group Corporation
Lot 6-8-10-12,
Street No. 3,
Ho Chi Minh City,
Vietnam
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HOSE TLG Ordinary Shares Ho Chi Minh Stock Exchange VN VND 29. Mar 2010
Number of employees
Current staff
Staff numbers
0
Thien Long Group employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 15:48
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2020/01/22
Last earnings filing: 2020/01/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.