Thien Long Group Corp (TLG) - Net Assets
Based on the latest financial reports, Thien Long Group Corp (TLG) has net assets worth ₫2.39 Trillion VND (≈ $90.98 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫3.44 Trillion ≈ $130.61 Million USD) and total liabilities (₫1.04 Trillion ≈ $39.62 Million USD). 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. Check TLG goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.39 Trillion |
| % of Total Assets | 69.66% |
| 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. See how many days can Thien Long Group Corp fund operations to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see how much is Thien Long Group Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.53 Trillion ≈ $96.03 Million |
+7.68% |
| 2024-12-31 | ₫2.35 Trillion ≈ $89.18 Million |
+12.09% |
| 2023-12-31 | ₫2.09 Trillion ≈ $79.56 Million |
+6.95% |
| 2022-12-31 | ₫1.96 Trillion ≈ $74.39 Million |
+7.25% |
| 2021-12-31 | ₫1.83 Trillion ≈ $69.36 Million |
+4.42% |
| 2020-12-31 | ₫1.75 Trillion ≈ $66.42 Million |
-3.25% |
| 2019-12-31 | ₫1.81 Trillion ≈ $68.65 Million |
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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 |
|---|---|
|
Digital Asset Acquisition Corp.
NASDAQ:DAAQ
|
$178.45 Million |
|
Falcon Oil & Gas Ltd
F:FAC
|
$178.51 Million |
|
ReposiTrak
NASDAQ:TRAK
|
$178.58 Million |
|
Schaffer Corporation Ltd
AU:SFC
|
$178.58 Million |
|
Sierra Metals Inc.
TO:SMT
|
$178.24 Million |
|
Selectquote Inc
NYSE:SLQT
|
$178.11 Million |
|
PULSION Medical Systems SE
MU:PUS
|
$178.09 Million |
|
Associated Alcohols & Breweries Ltd.
NSE:ASALCBR
|
$178.07 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 446,474,886,962 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 60,976,870,669.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫446.47 Billion | +17.65% |
| Dividends Paid | ₫217.43 Billion | -8.6% |
| Share Issuances | ₫13.00 Billion | +0.51% |
| Other Changes | ₫-60.98 Billion | -2.41% |
| 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: 1.85x
- 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 2.09x to 1.85x 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 | ₫48600.00 | x |
| 2020-12-31 | ₫22914.64 | ₫48600.00 | x |
| 2021-12-31 | ₫23466.69 | ₫48600.00 | x |
| 2022-12-31 | ₫25152.47 | ₫48600.00 | x |
| 2023-12-31 | ₫26638.44 | ₫48600.00 | x |
| 2024-12-31 | ₫24690.45 | ₫48600.00 | x |
| 2025-12-31 | ₫26200.59 | ₫48600.00 | 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): 17.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.70%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 1.41x
- Recent ROE (17.65%) is above the historical average (17.60%), 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 | 17.65% | 10.70% | 1.17x | 1.41x | ₫193.56 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.
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, wat… Read more