ScoreComparison
Company
Score
Quality
Valuation
Financial
Technical
Why is Thac Ba Hydropower JSC ?
1
Poor long term growth as Operating profit has grown by an annual rate 4.23% of over the last 5 years
2
Flat results in Sep 25
- RAW MATERIAL COST(Y) Grown by 7.6% (YoY)
3
With ROE of 23.93%, it has a fair valuation with a 2.12 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -9.41%, its profits have risen by 90.6% ; the PEG ratio of the company is 0.1
- At the current price, the company has a high dividend yield of 2.6
4
Below par performance in long term as well as near term
- Along with generating -9.41% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Thac Ba Hydropower JSC should be less than 10%
- Overall Portfolio exposure to Power should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Power)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Thac Ba Hydropower JSC for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Thac Ba Hydropower JSC
-15.07%
-0.56
20.86%
Vietnam VN Ho Chi Minh Index
16.45%
1.90
22.90%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
0.32%
EBIT Growth (5y)
-1.37%
EBIT to Interest (avg)
41.69
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.06
Sales to Capital Employed (avg)
0.42
Tax Ratio
14.69%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
27.52%
ROE (avg)
22.91%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
7
Industry P/E
Price to Book Value
1.90
EV to EBIT
6.59
EV to EBITDA
5.41
EV to Capital Employed
1.91
EV to Sales
3.43
PEG Ratio
0.20
Dividend Yield
9.05%
ROCE (Latest)
28.95%
ROE (Latest)
26.85%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend13What is working for the Company
ROCE(HY)
Highest at 21.96%
DEBTORS TURNOVER RATIO(HY)
Highest at 5.04 times
RAW MATERIAL COST(Y)
Fallen by -16.67% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 34.7 times
OPERATING PROFIT MARGIN(Q)
Highest at 69.71 %
PRE-TAX PROFIT(Q)
Highest at VND 97,772.41 MM
NET PROFIT(Q)
Highest at VND 71,084.48 MM
EPS(Q)
Highest at VND 1,119.44
-6What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at VND 318,562.35 MM
INTEREST(Q)
At VND 1,204.78 MM has Grown at inf%
DEBT-EQUITY RATIO
(HY)
Highest at -0.74 %
Here's what is working for Thac Ba Hydropower JSC
Debtors Turnover Ratio
Highest at 5.04 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Operating Profit Margin
Highest at 69.71 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at VND 97,772.41 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (VND MM)
Net Profit
Highest at VND 71,084.48 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (VND MM)
Net Profit
At VND 71,084.48 MM has Grown at 47.95%
over average net sales of the previous four periods of VND 48,047.77 MMMOJO Watch
Near term Net Profit trend is positive
Net Profit (VND MM)
EPS
Highest at VND 1,119.44
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (VND)
Inventory Turnover Ratio
Highest at 34.7 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -16.67% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Thac Ba Hydropower JSC
Interest
At VND 1,204.78 MM has Grown at inf%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Operating Cash Flow
Lowest at VND 318,562.35 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (VND MM)
Debt-Equity Ratio
Highest at -0.74 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
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