Financials Thanh Cong Textile Garment Investment Trading

Equities

TCM

VN000000TCM5

Apparel & Accessories

End-of-day quote Ho Chi Minh S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
43,050 VND -0.12% Intraday chart for Thanh Cong Textile Garment Investment Trading -2.60% +5.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,111,996 3,222,331 4,646,175 4,343,174 3,772,806 3,986,312 -
Enterprise Value (EV) 1 1,111,996 3,222,331 4,646,175 4,343,174 3,772,806 3,986,312 3,986,312
P/E ratio 6.06 x 13.8 x 38.4 x 18.3 x 33.2 x 31 x 25.7 x
Yield 2.6% 0.96% - - - - -
Capitalization / Revenue 0.31 x 0.93 x 1.31 x 1 x 1.13 x 1.08 x 1.03 x
EV / Revenue 0.31 x 0.93 x 1.31 x 1 x 1.13 x 1.08 x 1.03 x
EV / EBITDA 2,730,939 x 7,106,979 x - - - - -
EV / FCF 2,460,639 x - - - - - -
FCF Yield 0% - - - - - -
Price to Book - 1.98 x 2.73 x 2.21 x - - -
Nbr of stocks (in thousands) 92,610 92,606 92,603 92,600 92,584 92,597 -
Reference price 2 12,007 34,796 50,173 46,903 40,750 43,050 43,050
Announcement Date 1/20/20 3/25/21 1/20/22 1/30/23 1/22/24 - -
1VND in Million2VND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 3,644,200 3,469,717 3,535,416 4,337,389 3,324,825 3,700,000 3,869,000
EBITDA 407,185 453,404 - - - - -
EBIT 1 292,133 - 159,203 362,688 214,840 269,000 309,000
Operating Margin 8.02% - 4.5% 8.36% 6.46% 7.27% 7.99%
Earnings before Tax (EBT) 1 274,033 343,255 178,499 350,305 188,819 230,000 277,000
Net income 1 215,726 275,243 142,517 279,345 131,907 172,500 222,000
Net margin 5.92% 7.93% 4.03% 6.44% 3.97% 4.66% 5.74%
EPS 2 1,980 2,526 1,308 2,565 1,228 1,389 1,677
Free Cash Flow 451,914 - - - - - -
FCF margin 12.4% - - - - - -
FCF Conversion (EBITDA) 110.98% - - - - - -
FCF Conversion (Net income) 209.48% - - - - - -
Dividend per Share 312.7 334.6 - - - - -
Announcement Date 1/20/20 3/25/21 1/20/22 1/30/23 1/22/24 - -
1VND in Million2VND
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2022 S1 2024 Q1
Net sales 1 - - 973,050
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 120,990 127,818 62,375
Net margin - - 6.41%
EPS 1,110 1,173 -
Dividend per Share - - -
Announcement Date 7/20/21 7/21/22 -
1VND in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 451,914 - - - - - -
ROE (net income / shareholders' equity) 16.1% 18.1% 8.56% 15.2% 6.61% 9.1% 10.7%
ROA (Net income/ Total Assets) 6.99% 9.33% 4.33% 7.89% 3.9% 5.4% 6.2%
Assets 1 3,085,066 2,949,612 3,291,389 3,541,727 3,378,247 3,194,444 3,580,645
Book Value Per Share - 17,605 18,355 21,267 - - -
Cash Flow per Share - - - - - - -
Capex 75,025 - 117,041 - - - -
Capex / Sales 2.06% - 3.31% - - - -
Announcement Date 1/20/20 3/25/21 1/20/22 1/30/23 1/22/24 - -
1VND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
43,050 VND
Average target price
45,750 VND
Spread / Average Target
+6.27%
Consensus

Annual profits - Rate of surprise

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