TLG.VN Thien Long Group Corp
- Market cap
- VND 5.08T
- P/E
- 15.3x
- P/B
- 2.01x
- ROE
- 24.7%
- Dividend yield
- 4.28%
- Fundamental score
- 3.0/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is TLG.VN undervalued?
Graham numberTLG.VN trades 16.7% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Thien Long Group Corp fundamental analysis
14 of 22 checks passedROE 2/2
High return on equity (24.7%), above 20%.
ROA 1/1
Return on assets (16.6%) is above the industry median (3.6%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-4.7%) is not above the 5-year average (8.0% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-4.7%) is below the industry median (17.5%).
Revenue Growth 1/2
Revenue grew 5.8% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (0.2%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 26.5x against interest expense, well covered.
PE vs Market 0/1
PE (15.3x) is above the market median (11.2x).
PE vs Industry 0/1
PE (15.3x) is above the industry median (11.2x).
PBV 0/1
Price to book (2.0x) is above the industry median (1.2x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 30.8, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.91, above 1.
Dividend Yield 1/2
Dividend yield (4.3%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 48.7%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Thien Long Group Corp stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Thien Long Group Corp
Thien Long Group Corporation, together with its subsidiaries, manufactures and trades in stationery products under Bizner, FlexOffice, Colokit, Diem 10, and TL brands in Vietnam and internationally. The company provides ballpoint, fountain, and rollerball pens, as well as pencils; art supplies, such as colored crayons, oil pastels, colored plastic crayons, colored pencils, colored fiber pens, watercolors, modelling doughs, and coloring books; writing instruments and office s…
Full company profileThien Long Group Corp financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Thien Long Group Corp annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 3.25T | 2.68T | 2.67T | 3.52T | 3.46T | 3.76T | 4.17T | 4.71T |
| Gross Profit | 1.20T | 1.03T | 1.13T | 1.52T | 1.51T | 1.68T | 2.07T | 2.33T |
| Operating Income | 413B | 287B | 335B | 466B | 425B | 549B | 500B | 814B |
| EBITDA | 526B | 396B | 450B | 598B | 560B | 696B | 687B | 918B |
| Net Income | 349B | 240B | 277B | 401B | 359B | 462B | 446B | 630B |
| EPS | 4,487 | 3,144 | 3,557 | 5,159 | 4,567 | 4,855 | 4,625 | 6,529 |
| Balance Sheet | ||||||||
| Total Assets | 2.42T | 2.31T | 2.45T | 2.87T | 2.81T | 3.36T | 3.56T | 3.79T |
| Total Liabilities | 610B | 566B | 621B | 911B | 714B | 1.01T | 1.03T | 1.24T |
| Shareholders' Equity | 1.81T | 1.75T | 1.83T | 1.96T | 2.09T | 2.35T | 2.53T | 2.55T |
| Cash & Short-term Investments | 191B | 372B | 503B | 405B | 243B | 700B | 487B | 462B |
| Cash Flow | ||||||||
| Operating Cash Flow | 258B | 369B | 221B | 289B | 249B | 359B | 220B | 113B |
| Capital Expenditure | 84.5B | 85.1B | 58.0B | 170B | 107B | 83.2B | 125B | 159B |
| Free Cash Flow | 174B | 283B | 163B | 120B | 142B | 276B | 94.7B | -46.1B |
| Ratios | ||||||||
| ROE | 19.3% | 13.7% | 15.2% | 20.5% | 17.1% | 19.7% | 17.7% | 24.7% |
| ROA | 14.4% | 10.4% | 11.3% | 14.0% | 12.8% | 13.7% | 12.5% | 16.6% |
| Net Profit Margin | 10.7% | 8.9% | 10.4% | 11.4% | 10.4% | 12.3% | 10.7% | 13.4% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Thien Long Group Corp dividends
- Dividend yield
- 4.28%
- Forward dividend
- 3,500.00 VND
- Payout ratio
- 48.7%
- Ex-dividend date
- Jul 14, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 217B | 2,253 | 48.7% |
| 2024 | VND 157B | 1,653 | 34.1% |
| 2023 | VND 272B | 3,464 | 75.9% |
| 2022 | VND 156B | 2,000 | 38.8% |
| 2021 | VND 194B | 2,500 | 70.3% |
| 2020 | VND 153B | 2,010 | 63.9% |
| 2019 | VND 184B | 2,364 | 52.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 11:10 on Dec 11, 2025.
Who owns Thien Long Group Corp
- Insiders 65.51%
- Institutions 4.24%
- Public & others 30.26%
- Shares outstanding 96.5M
- Free float 42.8M
Thien Long Group Corp company profile
- Company name
- Thien Long Group Corp
- Ticker
- TLG.VN
- ISIN
- VN000000TLG8
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Business Equipment & Supplies
- Employees
- 3,143
- Fiscal year end
- December
- Address
- Sofic Tower, Ho Chi Minh City, Vietnam
- Phone
- 84 28 3750 5555
- Website
- thienlonggroup.com
About Thien Long Group Corp
Thien Long Group Corporation, together with its subsidiaries, manufactures and trades in stationery products under Bizner, FlexOffice, Colokit, Diem 10, and TL brands in Vietnam and internationally. The company provides ballpoint, fountain, and rollerball pens, as well as pencils; art supplies, such as colored crayons, oil pastels, colored plastic crayons, colored pencils, colored fiber pens, watercolors, modelling doughs, and coloring books; writing instruments and office supplies, including gel pens, fine liners, papers, file covers, tapes, pastes, and other products; and school supplies comprising boards, chalks, rulers, compasses, erasers, scissors, and notebooks. It also offers classroom equipment, plastic teaching instruments, plastic household appliances, stamps printing, tampo printing, flexo printing, and printing and pressing on products. Thien Long Group Corporation was founded in 1981 and is headquartered in Ho Chi Minh City, Vietnam.
Thien Long Group Corp management
8- Ms. Nga Phuong TranGM, Director & CEO
- Nam Xuan DaoFounder
- Mr. Nhon Ngoc NguyenChief Accountant
- Mr. Bao Tinh DiepDirector of Technology
- Mr. Van Hao TrinhMarketing Director
- Mr. Huong Van BuiHR Group Director & Deputy General Director
- Mr. Viet Thuong NguyenDeputy Chief Executive Officer of Supply Chain & Logistics
- Ms. Ngo Bich Le ThiChief Business Development Officer