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Tiasang Battery JSC
VN:TSB

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Tiasang Battery JSC
VN:TSB
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Price: 19 200 VND 0.52% Market Closed
Market Cap: ₫129.6B

P/B

1.7
Current
52%
Cheaper
vs 3-y average of 3.5

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.7
=
Market Cap
₫168.6B
/
Total Equity
₫77.5B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.7
=
Market Cap
₫168.6B
/
Total Equity
₫77.5B

Valuation Scenarios

Tiasang Battery JSC is trading below its 3-year average

If P/B returns to its 3-Year Average (3.5), the stock would be worth ₫40 321.8 (110% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+110%
Average Upside
60%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.7 ₫19 200
0%
3-Year Average 3.5 ₫40 321.8
+110%
5-Year Average 3 ₫35 016.6
+82%
Industry Average 2.5 ₫28 227.27
+47%
Country Average 1.7 ₫19 377.93
+1%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
VN
Tiasang Battery JSC
VN:TSB
129.5B VND 1.7 62.1
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
2T CNY 5.9 25.3
CH
Abb Ltd
SIX:ABBN
140.9B CHF 12 35.9
FR
Schneider Electric SE
PAR:SU
152.3B EUR 6.3 36.6
IE
Eaton Corporation PLC
NYSE:ETN
160.2B USD 8.2 39.2
US
Vertiv Holdings Co
NYSE:VRT
117.1B USD 27.6 75.2
US
Emerson Electric Co
NYSE:EMR
77.8B USD 3.8 33.7
KR
LG Energy Solution Ltd
KRX:373220
108.6T KRW 5.5 -103
JP
Fujikura Ltd
TSE:5803
10.4T JPY 20.5 72.2
US
AMETEK Inc
NYSE:AME
52.4B USD 4.9 35.4
FR
Legrand SA
PAR:LR
38.7B EUR 5.3 31.1
P/E Multiple
Earnings Growth PEG
VN
T
Tiasang Battery JSC
VN:TSB
Average P/E: 44.7
62.1
N/A N/A
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
25.3
22%
1.1
CH
Abb Ltd
SIX:ABBN
35.9
13%
2.8
FR
Schneider Electric SE
PAR:SU
36.6
23%
1.6
IE
Eaton Corporation PLC
NYSE:ETN
39.2
19%
2.1
US
Vertiv Holdings Co
NYSE:VRT
75.2
43%
1.7
US
Emerson Electric Co
NYSE:EMR
33.7
25%
1.3
KR
LG Energy Solution Ltd
KRX:373220
Negative Multiple: -103 N/A N/A
JP
Fujikura Ltd
TSE:5803
72.2
44%
1.6
US
AMETEK Inc
NYSE:AME
35.4
14%
2.5
FR
Legrand SA
PAR:LR
31.1
14%
2.2

Market Distribution

In line with most companies in Vietnam
Percentile
49th
Based on 190 companies
49th percentile
1.7
Low
0.2 — 1.3
Typical Range
1.3 — 2.2
High
2.2 —
Distribution Statistics
Vietnam
Min 0.2
30th Percentile 1.3
Median 1.7
70th Percentile 2.2
Max 16.4

Tiasang Battery JSC
Glance View

Market Cap
129.6B VND
Industry
Electrical Equipment

Tiasang Battery JSC engages in the manufacture of batteries. The company is headquartered in Haiphong, Hai Phong. The company went IPO on 2011-01-10. The firm is engaged in the manufacturing of approximately 100 battery product lines, which are used for automobiles, airplanes, vessels, tractors, tanks, trains, electric bikes, electric motorcycles, lighting equipment, electric equipment, uninterruptible power supply (UPS) systems, office equipment, telecommunications equipment, transformer stations and others. In addition, it operates one hotel in Hai Phong City, Vietnam. During the year ended December 31, 2012, 99.97% of its revenue came from the sale of battery products. As of December 31, 2012, the Company was a subsidiary of Vietnam National Chemical Corporation (Vinachem), and it had six branches in Vietnam.

TSB Intrinsic Value
23 461.16 VND
Undervaluation 18%
Intrinsic Value
Price ₫19 200
T
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