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 offers 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, water… Read more
Thien Long Group Corp (TLG) - Net Assets
Latest net assets as of December 2025: ₫2.53 Trillion VND
Based on the latest financial reports, Thien Long Group Corp (TLG) has net assets worth ₫2.53 Trillion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫3.56 Trillion) and total liabilities (₫1.03 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.53 Trillion |
| % of Total Assets | 70.97% |
| Annual Growth Rate | 5.75% |
| 5-Year Change | 38.45% |
| 10-Year Change | N/A |
| Growth Volatility | 4.66 |
Thien Long Group Corp - Net Assets Trend (2019–2025)
This chart illustrates how Thien Long Group Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thien Long Group Corp (2019–2025)
The table below shows the annual net assets of Thien Long Group Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.53 Trillion | +7.68% |
| 2024-12-31 | ₫2.35 Trillion | +12.09% |
| 2023-12-31 | ₫2.09 Trillion | +6.95% |
| 2022-12-31 | ₫1.96 Trillion | +7.25% |
| 2021-12-31 | ₫1.83 Trillion | +4.42% |
| 2020-12-31 | ₫1.75 Trillion | -3.25% |
| 2019-12-31 | ₫1.81 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thien Long Group Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 47.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫937.26 Billion | 37.06% |
| Other Components | ₫1.59 Trillion | 62.94% |
| Total Equity | ₫2.53 Trillion | 100.00% |
Thien Long Group Corp Competitors by Market Cap
The table below lists competitors of Thien Long Group Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HARMONY ENERGY INCOME TR.
F:WF0
|
$170.37 Million |
|
African Gold Ltd
AU:A1G
|
$170.41 Million |
|
Entero Healthcare Solutions Ltd.
NSE:ENTERO
|
$170.44 Million |
|
Shenzhen Ridge Engineering Consulting Co. Ltd.
SHE:300977
|
$170.59 Million |
|
Leasinvest Real Estate SCA
F:L3R
|
$170.29 Million |
|
WHA Industrial Leasehold REIT
BK:WHAIR
|
$170.24 Million |
|
Wuhu Sanlian Forging Co Ltd
SHE:001282
|
$170.19 Million |
|
Hostelworld Group plc
PINK:HSWLF
|
$170.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thien Long Group Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,348,035,340,405 to 2,529,099,419,198, a change of 181,064,078,793 (7.7%).
- Net income of 451,289,568,228 contributed positively to equity growth.
- Dividend payments of 217,433,937,500 reduced retained earnings.
- New share issuances of 13,000,000,000 increased equity.
- Other factors decreased equity by 65,791,551,935.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫451.29 Billion | +17.84% |
| Dividends Paid | ₫217.43 Billion | -8.6% |
| Share Issuances | ₫13.00 Billion | +0.51% |
| Other Changes | ₫-65.79 Billion | -2.6% |
| Total Change | ₫- | 7.71% |
Book Value vs Market Value Analysis
This analysis compares Thien Long Group Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.17x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫23227.71 | ₫50300.00 | x |
| 2020-12-31 | ₫22914.64 | ₫50300.00 | x |
| 2021-12-31 | ₫23466.69 | ₫50300.00 | x |
| 2022-12-31 | ₫25152.47 | ₫50300.00 | x |
| 2023-12-31 | ₫26638.44 | ₫50300.00 | x |
| 2024-12-31 | ₫24690.45 | ₫50300.00 | x |
| 2025-12-31 | ₫26200.59 | ₫50300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thien Long Group Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.81%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 1.41x
- Recent ROE (17.84%) is above the historical average (17.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 19.32% | 10.73% | 1.35x | 1.34x | ₫168.39 Billion |
| 2020 | 13.72% | 8.93% | 1.16x | 1.32x | ₫65.02 Billion |
| 2021 | 15.16% | 10.37% | 1.09x | 1.34x | ₫94.15 Billion |
| 2022 | 20.51% | 11.40% | 1.23x | 1.47x | ₫205.70 Billion |
| 2023 | 17.14% | 10.37% | 1.23x | 1.34x | ₫149.58 Billion |
| 2024 | 19.66% | 12.28% | 1.12x | 1.43x | ₫226.86 Billion |
| 2025 | 17.84% | 10.81% | 1.17x | 1.41x | ₫198.38 Billion |
Industry Comparison
This section compares Thien Long Group Corp's net assets metrics with peer companies in the Business Equipment & Supplies industry.
No peer company data available for comparison.