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 Jun 25
- DIVIDEND PAYOUT RATIO(Y) Lowest at 0%
- CASH AND EQV(HY) Lowest at VND 185,051.13 MM
- INVENTORY TURNOVER RATIO(HY) Lowest at 23.98%
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 -7.75%, 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 -7.75% 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 sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Power)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Thac Ba Hydropower JSC for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Thac Ba Hydropower JSC
-7.75%
-0.44
22.16%
Vietnam VN Ho Chi Minh Index
29.95%
1.61
21.07%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
4.56%
EBIT Growth (5y)
4.23%
EBIT to Interest (avg)
27.64
Debt to EBITDA (avg)
0.14
Net Debt to Equity (avg)
-0.06
Sales to Capital Employed (avg)
0.43
Tax Ratio
15.32%
Dividend Payout Ratio
71.34%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
27.18%
ROE (avg)
22.91%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
2.12
EV to EBIT
7.70
EV to EBITDA
6.23
EV to Capital Employed
2.13
EV to Sales
4.09
PEG Ratio
0.10
Dividend Yield
2.65%
ROCE (Latest)
27.63%
ROE (Latest)
23.93%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly 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
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend11What is working for the Company
OPERATING CASH FLOW(Y)
Highest at VND 465,107.18 MM
RAW MATERIAL COST(Y)
Fallen by -65.63% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 3.99%
NET SALES(Q)
At VND 155,049.34 MM has Grown at 17.13%
PRE-TAX PROFIT(Q)
At VND 95,305.59 MM has Grown at 47.84%
NET PROFIT(Q)
At VND 60,712.41 MM has Grown at 44.75%
-8What is not working for the Company
DIVIDEND PAYOUT RATIO(Y)
Lowest at 0%
CASH AND EQV(HY)
Lowest at VND 185,051.13 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 23.98%
DIVIDEND PER SHARE(HY)
Lowest at VND 3.99
INTEREST(Q)
Highest at VND 2,685.02 MM
Here's what is working for Thac Ba Hydropower JSC
Operating Cash Flow
Highest at VND 465,107.18 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (VND MM)
Net Sales
At VND 155,049.34 MM has Grown at 17.13%
over average net sales of the previous four periods of VND 132,377.61 MMMOJO Watch
Near term sales trend is positive
Net Sales (VND MM)
Pre-Tax Profit
At VND 95,305.59 MM has Grown at 47.84%
over average net sales of the previous four periods of VND 64,467.29 MMMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (VND MM)
Net Profit
At VND 60,712.41 MM has Grown at 44.75%
over average net sales of the previous four periods of VND 41,942.5 MMMOJO Watch
Near term Net Profit trend is positive
Net Profit (VND MM)
Debtors Turnover Ratio
Highest at 3.99%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -65.63% (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 2,685.02 MM has Grown at 377%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Interest
Highest at VND 2,685.02 MM
in the last five periods and Increased by 377% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Cash and Eqv
Lowest at VND 185,051.13 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Inventory Turnover Ratio
Lowest at 23.98%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Dividend per share
Lowest at VND 3.99
in the last five yearsMOJO Watch
Company is distributing lower dividend than previous years
DPS (VND)
Dividend Payout Ratio
Lowest at 0%
in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)
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