Dashboard
1
The company has declared negative results for the last 2 consecutive quarters
- The company has declared negative results in Sep 24 after 2 consecutive negative quarters
- INTEREST(HY) At VND 1,248.64 MM has Grown at 1,302.65%
- NET SALES(Q) At VND 1,536,114.2 MM has Fallen at -20.01%
- PRE-TAX PROFIT(Q) At VND 65,433.87 MM has Fallen at -39.74%
2
Below par performance in long term as well as near term
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-9.17%
0%
-9.17%
6 Months
-15.38%
0%
-15.38%
1 Year
-13.16%
0%
-13.16%
2 Years
-32.19%
0%
-32.19%
3 Years
-26.12%
0%
-26.12%
4 Years
-56.86%
0%
-56.86%
5 Years
-59.26%
0%
-59.26%
Pha Lai Thermal Power JSC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
-4.20%
EBIT Growth (5y)
-48.48%
EBIT to Interest (avg)
-847.61
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.41
Tax Ratio
6.26%
Dividend Payout Ratio
52.55%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.78%
ROE (avg)
9.22%
Valuation key factors
Factor
Value
P/E Ratio
14
Industry P/E
Price to Book Value
0.73
EV to EBIT
-585.46
EV to EBITDA
72.33
EV to Capital Employed
0.73
EV to Sales
0.49
PEG Ratio
NA
Dividend Yield
8.05%
ROCE (Latest)
-0.12%
ROE (Latest)
5.12%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - QoQ
Mar'25
Dec'24
Change(%)
Net Sales
1,536,114.20
1,750,276.60
-12.24%
Operating Profit (PBDIT) excl Other Income
76,979.90
27,389.10
181.06%
Interest
0.00
1,248.60
-100.00%
Exceptional Items
0.00
0.00
Consolidate Net Profit
52,327.90
178,153.00
-70.63%
Operating Profit Margin (Excl OI)
42.70%
8.30%
3.44%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2025 is -12.24% vs 19.43% in Dec 2024
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2025 is -70.63% vs 3,455.55% in Dec 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
7,681,064.40
5,813,760.20
32.12%
Operating Profit (PBDIT) excl Other Income
145,368.10
-19,548.00
843.65%
Interest
3,120.60
419.90
643.18%
Exceptional Items
0.00
0.00
Consolidate Net Profit
427,065.50
380,102.30
12.36%
Operating Profit Margin (Excl OI)
11.40%
-13.80%
2.52%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 32.12% vs 10.16% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 12.36% vs -23.55% in Dec 2023
About Pha Lai Thermal Power JSC 
Pha Lai Thermal Power JSC
Power
Pha Lai Thermal Power Joint Stock Company is a Vietnam-based electricity company. It is engaged in the operation, maintenance and management of the thermal power plant in Hai Duong Province for electricity generation and distribution. The Company also constructs power plants and transmission lines. In addition, it is involved in the trading of equipment and machinery used in the electricity sector, as well as the provision of repair and maintenance services. Other activities include the manufacture and trading of gypsum, clinker and concrete additives. The Company announces that Vietnam Electricity Group (EVN) has completed its divestment of 51% stake in the Company to Power Generation Corporation 2 (EVNGenco2) on November 7, 2013.






