Thien Long Group (TLG) Fair Value & Analysis
Industrials · VN · Market cap 4.7T VND
Fair value as of: Jul 17, 2026
From 24 valuation models · updated 23 days ago
Fair value updated Jul 17, 2026, revised from 66,642 VND to 72,114 VND (+8.2%) since Jun 24, 2026. Share price +1.1% over the past month.
A solid business, screening 48% undervalued on our models.
What matters now
- Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (41,342 VND to 99,336 VND) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 16,488 VND – 56,393 VND · fair‑value band 41,342 VND – 99,336 VND · the 48,650 VND price screens below the 72,114 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Thien Long Group (TLG) currently trades at 48,650 VND, while our model-based Fair Value estimate is 72,114 VND, implying the stock looks roughly 48.2% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Thien Long Group generated revenue of 4.4T VND at a net margin of 11.0%. Revenue grew 25.9% year over year. It earns a return on equity of 20.0%. Net debt stands at 40.4B VND. Fundamentals as of Jul 17, 2026
Our scenario range runs from 41,342 VND (bear case) to 99,336 VND (bull case); at 48,650 VND, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -32% fair-value upside, at 48%, TLG screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Multiples (69,842 VND) versus Asset-Based (17,554 VND). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thien Long Group reported revenue of 4.2T VND in FY2025 versus 2.7T VND in FY2021, a compound +11.8%/yr. Reported net income was 446B VND in FY2025, compounding +12.7%/yr from FY2021.
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Peer Group
Business Equipment & Supplies · 73 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ricoh Company RICO | ¥15.33 | ¥17.99 | +17% |
| GRG Banking Equipment Co 002152 | ¥10.08 | ¥6.90 | -32% |
| Shanghai M&G Stationery Inc 603899 | ¥21.45 | ¥30.05 | +40% |
| XGD Inc 300130 | ¥19.90 | ¥15.67 | -21% |
| DOMS Industries Limited DOMS | ₹2,260 | ₹782.96 | -65% |
| Hengbao Co 002104 | ¥9.20 | ¥1.66 | -82% |
| Shaanxi Fenghuo Electronics Co 000561 | ¥6.99 | ¥1.75 | -75% |
| Shenzhen Comix Group 002301 | ¥7.30 | ¥3.11 | -57% |
| Shandong New Beiyang Information Technology Co 002376 | ¥6.00 | ¥1.73 | -71% |
| Qingdao Hiron Commercial Cold Chain Co 603187 | ¥11.92 | ¥21.12 | +77% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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