TRUONG THANH FURNITURE CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,950 VND | 0.00% |
|
+0.51% | -7.06% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,97,424 | 8,21,522 | 19,13,772 | 42,00,964 | 16,05,613 | 16,72,513 |
| Enterprise Value (EV) 1 | 10,46,658 | 12,33,871 | 23,44,781 | 39,97,391 | 14,70,816 | 19,41,860 |
| P/E ratio | -0.98 x | -0.81 x | 61.5 x | -494 x | 510 x | -13.1 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.67 x | 1.14 x | 1.58 x | 2.61 x | 0.8 x | 1.07 x |
| EV / Revenue | 1 x | 1.71 x | 1.93 x | 2.49 x | 0.73 x | 1.24 x |
| EV / EBITDA | -1.27 x | -1.94 x | 19.6 x | 109 x | 14.6 x | 31.9 x |
| EV / FCF | 3.74 x | 4.57 x | 325 x | -8.66 x | -1.83 x | -3.02 x |
| FCF Yield | 26.8% | 21.9% | 0.31% | -11.5% | -54.5% | -33.1% |
| Price to Book | 6.69 x | -1.84 x | -4.16 x | 7.52 x | 2.97 x | 4.34 x |
| Nbr of stocks (in thousands) | 2,14,592 | 3,11,182 | 3,11,182 | 3,11,182 | 3,93,532 | 3,93,532 |
| Reference price 2 | 3,250 | 2,640 | 6,150 | 13,500 | 4,080 | 4,250 |
| Announcement Date | 26/04/19 | 29/04/20 | 27/04/21 | 01/04/22 | 03/04/23 | 01/04/24 |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,44,950 | 7,20,538 | 12,13,519 | 16,07,040 | 20,01,279 | 15,60,471 |
| EBITDA 1 | -8,22,455 | -6,36,657 | 1,19,885 | 36,830 | 1,00,864 | 60,783 |
| EBIT 1 | -8,64,097 | -7,73,085 | 63,295 | -13,455 | 33,509 | -1,573 |
| Operating Margin | -82.69% | -107.29% | 5.22% | -0.84% | 1.67% | -0.1% |
| Earnings before Tax (EBT) 1 | -8,04,700 | -10,02,661 | 16,499 | 1,693 | -82.09 | -1,11,405 |
| Net income 1 | -7,15,162 | -8,97,032 | 30,539 | -8,672 | 3,404 | -1,33,636 |
| Net margin | -68.44% | -124.49% | 2.52% | -0.54% | 0.17% | -8.56% |
| EPS 2 | -3,333 | -3,269 | 99.99 | -27.30 | 8.000 | -325.0 |
| Free Cash Flow 1 | 2,80,197 | 2,69,978 | 7,208 | -4,61,557 | -8,01,957 | -6,42,640 |
| FCF margin | 26.81% | 37.47% | 0.59% | -28.72% | -40.07% | -41.18% |
| FCF Conversion (EBITDA) | - | - | 6.01% | - | - | - |
| FCF Conversion (Net income) | - | - | 23.6% | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 26/04/19 | 29/04/20 | 27/04/21 | 01/04/22 | 03/04/23 | 01/04/24 |
1VND in Million2VND
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,49,234 | 4,12,349 | 4,31,008 | - | - | 2,69,347 |
| Net Cash position 1 | - | - | - | 2,03,572 | 1,34,796 | - |
| Leverage (Debt/EBITDA) | -0.4246 x | -0.6477 x | 3.595 x | - | - | 4.431 x |
| Free Cash Flow 1 | 2,80,197 | 2,69,978 | 7,208 | -4,61,557 | -8,01,957 | -6,42,640 |
| ROE (net income / shareholders' equity) | -190% | 328% | -2.98% | -3.88% | -0.28% | -41.2% |
| ROA (Net income/ Total Assets) | -15.5% | -19.6% | 1.8% | -0.33% | 0.72% | -0.03% |
| Assets 1 | 45,99,497 | 45,72,469 | 16,93,197 | 26,19,154 | 4,74,993 | 39,89,12,352 |
| Book Value Per Share 2 | 486.0 | -1,437 | -1,478 | 1,795 | 1,374 | 980.0 |
| Cash Flow per Share 2 | 706.0 | 263.0 | 248.0 | 783.0 | 431.0 | 363.0 |
| Capex 1 | 16,869 | 83,765 | 94,441 | 1,01,273 | 89,137 | 3,96,653 |
| Capex / Sales | 1.61% | 11.63% | 7.78% | 6.3% | 4.45% | 25.42% |
| Announcement Date | 26/04/19 | 29/04/20 | 27/04/21 | 01/04/22 | 03/04/23 | 01/04/24 |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -7.06% | 61.07M | |
| +6.79% | 9.45B | |
| +2.00% | 4.02B | |
| +16.49% | 2.45B | |
| +16.75% | 1.97B | |
| -3.95% | 1.51B | |
| +45.93% | 1.29B | |
| -26.45% | 1.19B | |
| +14.46% | 1.02B | |
| +10.84% | 935M |
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