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Consumer sector

MGG

Consumer
Tổng Công ty Đức Giang - Công ty Cổ phần
Hàng cá nhân & Gia dụng/Hàng cá nhânCT
26.500
VND · Last close
Valuation Verdict
Undervalued
Low
-120%Fair Value+120%
Intrinsic Value
71.138
Current
26.500
Gap
+168.4%
ModelFCF DCF

Valuation Breakdown

CTHàng cá nhân & Gia dụngConsumer
Classified as consumer because ICB sector "Hàng cá nhân & Gia dụng" maps to the consumer group
ModelFCF-Based DCF
Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

1
Weighted Avg Cost of Capital
Risk-Free (Rf)
4.50%
+
Betasector default
0.800
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
10.10%
Ke
10.10%
x
E/(D+E)
25.23%
+
Kd(1-t)
6.84%
x
D/(D+E)
74.77%
=
WACC
10.00%
2
Growth Estimate
fundamental firm blend3.20%
Growth decays 10%/yr toward terminal
3
Model Inputs
Base FCF34.51B
Projection years10
4
Valuation
Base FCF
34.51B
Growth Rate
3.20%
WACC
10.00%
Terminal Growth
4.00%
DCF Value
71.138
Value Decomposition
43%
57%
Explicit period (43%)Terminal value (57%)

Valuation Track Record

Retroactive intrinsic value vs actual close price — MGG

Earnings Quality

Fiscal year 2024

27
Poor
Accrual Quality
56
Cash Conversion
0
Receivables
3
Margin Stability
80
Revenue Quality
0

Financial Forensics

Beneish M-Score · 2024

-2.00
Moderate
DSRI
1.159
GMI
0.889
AQI
0.974
SGI
0.869
DEPI
0.760
SGAI
1.007
TATA
0.116
LVGI
0.987

MGG shows signs of potential earnings manipulation with a Beneish M-Score of -2.0038, indicating a risk of financial misrepresentation. The earnings quality score of 26.5/100, combined with low cash conversion metrics, raises concerns about the sustainability of reported earnings.

Red Flags
  • Beneish M-Score of -2.0038 indicates potential manipulation, exceeding the threshold of -1.78.
  • Earnings quality score of 26.5/100 reflects significant weaknesses, particularly in cash conversion (0.0/100) and revenue recognition (0.0/100).
Positive Signals
  • The company has a relatively strong gross margin score of 80.3/100, suggesting effective cost management in production.
Ownership Risk

The top shareholders include significant institutional ownership (49.9% combined), which may provide stability but also raises concerns about potential conflicts of interest and governance issues given the concentration.

Recommendation

Investors should closely monitor MGG's financial disclosures and consider conducting further due diligence on cash flow and revenue recognition practices before making investment decisions.

Generated by AI based on quantitative data. Not financial advice.

Quantitative Scores

F-Score
5/9
Neutral
Z-Score
2.17
Grey Zone
Sharpe
-0.14
Negative
Composite
43
Weak
Price Risk
Momentum
-5.6%
Volatility
56.4%
Max Drawdown
-29.5%

Key Ratios

Fiscal year 2024
10.49P/E
P/B0.92
P/S0.15
ROE10.9%
ROA2.8%
EPS2942.53
BVPS28159.39
Gross Margin13.7%
Net Margin1.7%
D/E2.81
Current Ratio1.12
Rev Growth-13.1%
Profit Growth14.3%
EV/EBITDA4.50
Div Yield5.8%

Company Overview

Issued Shares
9.0M
Charter Capital
90.0B VND
Sector (ICB L2)
Hàng cá nhân & Gia dụng
Industry (ICB L3)
Hàng cá nhân
Sub-industry
Hàng May mặc
Company Type
CT

// OWNERSHIP_NETWORK

> mapping common ownership for MGG — hover nodes for intel, click to navigate

Shareholders
Tập đoàn Dệt May Việt Nam
Inst
35.2%
3.2 trieu
Công ty Cổ phần Chứng khoán Phố Wall
Inst
14.7%
1.3 trieu
Hoàng Vệ Dũng
Indiv
14.2%
1.3 trieu
Lê Đình Luân
Indiv
9.8%
700.000
Nguyễn Thị Bích Ngọc
Indiv
6.9%
429.083
Công ty TNHH Du Lịch Thương Mại Mỹ Việt
Inst
3.7%
333.181
Phạm Tiến Lâm
Indiv
1.6%
113.542
Hoàng Ngọc Quân
Indiv
1.6%
112.476
Đào Thị Bích Khánh
Indiv
1.0%
69.997
Hoàng Ngọc Kiên
Indiv
1.0%
86.159
Vũ Trung Đông
Indiv
0.8%
46.450
Phạm Thanh Tùng
Indiv
0.6%
26.559
Dương Văn Thảo
Indiv
0.5%
33.686
Đinh Đức Hải
Indiv
0.3%
23.201
Nguyễn Văn Tuấn
Indiv
0.2%
16.750
Lê Huy Hoàng
Indiv
0.2%
14.000
Board & Management
Hoàng Vệ Dũng14.2%
Chủ tịch Hội đồng Quản trị
Phạm Tiến Lâm1.6%
Thành viên Hội đồng Quản trị/Tổng Giám đốc
Hoàng Ngọc Quân1.6%
Phó Tổng Giám đốc
Vũ Trung Đông0.8%
Phó Tổng Giám đốc
Phạm Thanh Tùng0.6%
Thành viên Hội đồng Quản trị/Phó Tổng Giám đốc
Dương Văn Thảo0.5%
Phó Tổng Giám đốc
Đinh Đức Hải0.3%
Kế toán trưởng
Nguyễn Văn Tuấn0.2%
Thành viên Hội đồng Quản trị/Phó Tổng Giám đốc
Lê Huy Hoàng0.2%
Phó Tổng Giám đốc
Nguyễn Văn Minh
Thành viên Ban kiểm soát
Đặng Thị Ngọc Hương
Thành viên Ban kiểm soát
Nguyễn Thị Vân Oanh
Trưởng Ban kiểm soát
Nguyễn Đình Tú
Thành viên Hội đồng Quản trị
Computed 12/04/2026
Methodology & Disclosure

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