Vietnam Power Development JSC (VPD) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

PetroVietnam Power Nhon Trach 2 JSC

Vietnam Power Development JSC

Petrovietnam Power Corp.

Idico Corp. JSC

Southern Hydropower JSC

Vinh Son Song Hinh Hydropower JSC

Thac Mo Hydro Power JSC

Central Hydropower JSC

Pha Lai Thermal Power JSC

Gia Lai Electricity JSC

Vinacomin - Power Holding Corp.

Why is Vietnam Power Development JSC ?

High Management Efficiency with a high ROE of 12.43%

Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 10.27

Poor long term growth as Net Sales has grown by an annual rate of 12.09% and Operating profit at 23.26% over the last 5 years

Positive results in Dec 25

ROCE(HY) Highest at 17.66%
NET PROFIT(9M) Higher at VND 257,193.09 MM
CASH AND EQV(HY) Highest at VND 417,906.07 MM

With ROE of 17.70%, it has a fair valuation with a 1.88 Price to Book Value

The stock is trading at a fair value compared to its peers' average historical valuations
Over the past year, while the stock has generated a return of -4.55%, its profits have risen by 59% ; the PEG ratio of the company is 0.2
At the current price, the company has a high dividend yield of 12.2

Consistent Underperformance against the benchmark over the last 3 years

Along with generating -4.55% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in each of the last 3 annual periods

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to Vietnam Power Development 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 Vietnam Power Development JSC for you?

Low Risk, Low Return

Absolute

Risk Adjusted

Volatility

Vietnam Power Development JSC

-18.32%

-0.24

17.64%

Vietnam VN Ho Chi Minh Index

16.45%

1.90

22.90%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

9.85%

EBIT Growth (5y)

15.33%

EBIT to Interest (avg)

30.31

Debt to EBITDA (avg)

0.53

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

0.38

Tax Ratio

20.42%

Dividend Payout Ratio

93.44%

Pledged Shares

Institutional Holding

ROCE (avg)

18.92%

ROE (avg)

12.43%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.40

EV to EBIT

5.57

EV to EBITDA

3.88

EV to Capital Employed

1.51

EV to Sales

2.73

PEG Ratio

0.21

Dividend Yield

10.55%

ROCE (Latest)

27.04%

ROE (Latest)

17.39%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

No Trend

Mildly Bearish

OBV

No Trend

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

12What is working for the Company

ROCE(HY)

Highest at 18.75%

PRE-TAX PROFIT(Q)

At VND 38,447.41 MM has Grown at 186.82%

NET PROFIT(Q)

At VND 30,597.37 MM has Grown at 186.72%

RAW MATERIAL COST(Y)

Fallen by -54.07% (YoY

CASH AND EQV(HY)

Highest at VND 632,729.28 MM

DEBT-EQUITY RATIO (HY)

Lowest at -20.28 %

NET SALES(Q)

At VND 107,325.15 MM has Grown at 26.68%

0What is not working for the Company

NO KEY NEGATIVE TRIGGERS

Here's what is working for Vietnam Power Development JSC

Pre-Tax Profit

At VND 38,447.41 MM has Grown at 186.82%

Year on Year (YoY)

MOJO Watch

Near term Pre-Tax Profit trend is very positive

Pre-Tax Profit (VND MM)

Net Profit

At VND 30,597.37 MM has Grown at 186.72%

Year on Year (YoY)

MOJO Watch

Near term Net Profit trend is very positive

Net Profit (VND MM)

Net Sales

At VND 107,325.15 MM has Grown at 26.68%

Year on Year (YoY)

MOJO Watch

Near term sales trend is positive

Net Sales (VND MM)

Cash and Eqv

Highest at VND 632,729.28 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Debt-Equity Ratio

Lowest at -20.28 %

in the last five Semi-Annual periods

MOJO Watch

The company has been reducing its borrowing as compared to equity capital

Debt-Equity Ratio

Raw Material Cost

Fallen by -54.07% (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

Depreciation

At VND 39,279.6 MM has Grown at inf%

period on period (QoQ)

MOJO Watch

The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales

Depreciation (VND MM)

Here's what is not working for Vietnam Power Development JSC

Non Operating Income

Highest at VND 0.09 MM

in the last five periods

MOJO Watch

Increased income from non business activities may not be sustainable

Non Operating income