| 09:21 | Thursday | 20/06 |
15.3
-1.0
-6.1%
 |
|
|
|
|
|
|
| Buy today |
7,210 |
| Sell today |
58,800 |
| Volume |
4,080 |
| High |
17.0 |
| Low |
15.2 |
| 52 – Week low |
11.1 |
| 52 – Week high |
16.3 |
| Beta |
- |
| Market cap - VND bn |
971.6 |
| Share outstanding |
63,500,000 |
|
| P/E |
|
| P/B |
|
| EPS -VND |
|
| ROA |
% |
| ROE |
% |
| Debt/Equity |
%
|
| 10 – Day average volume |
9,466 |
| Latest dividend - VND |
950 |
| Dividend-cut-off date |
18/05/12 |
| Dividend payment date |
14/06/12 |
|
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|
 |
|
|
| Business Activities |
|
Thac Ba Hydropower Joint Stock Company is the first hydropower manufactory in Vietnam. In 2006, it changed to the joint stock model (75% capital from EVN). Thac Ba Hydropower is one of seven hydropower manufactories of Electricity of Vietnam Corporation. The core operation is to produce and supply electricity to EVN. Its capacity (120 MW) accounts for 2.9% total electric capacity of EVN and 1.05% total national electric capacity. With 35 years of operation, 3 assembly sets applying Russian technology have the capacity of 120MW (40MW*3). Annual electric outputs are about 400 million kWh. Now, the company innovated and assembled DCS system to Machinery Sets No.1 and No.2 to guarantee to operate safely and stably in the next 30-40 years |
|
| Fundamentals |
| Year 31/12 VND bn |
2009 |
2010 |
2011 |
2012 |
| Gross Sales |
209.0 |
146.5 |
175.7 |
254.8 |
| Gross Operating Profit |
141.4 |
61.6 |
82.8 |
135.1 |
| EBITDA Profit before interest, tax, depreciation |
- |
- |
- |
- |
| EBIT Profit before interest, tax |
- |
- |
- |
- |
| Net Operating Profit/Loss |
17.7 |
10.5 |
11.4 |
11.9 |
| Profit after tax |
129.7 |
53.8 |
75.8 |
127.7 |
| Basic EPS - VND |
- |
- |
- |
- |
| Diluted EPS - VND |
- |
- |
- |
- |
| Basic P/E |
- |
- |
- |
- |
| Diluted P/E |
- |
- |
- |
- |
| Book Value VND |
- |
- |
- |
- |
| P/B |
- |
- |
- |
- |
|
|
|
| Valuation |
| Ratio |
| Basic P/E |
7.7 |
| Diluted P/E |
7.7 |
| Price/Cash Flow |
18.7 |
| Price/Tangible BV |
1.1 |
| EV/Sales |
2.9 |
| EV/EBITDA |
3.7 |
| EV/EBIT |
5.4 |
| Market Cap (bn) |
971.6 |
| (+) Debt |
9.6 |
| (-) Equity |
178.3 |
| (=) EV |
802.9 |
|
 |
| Profitability |
| Ratio |
% |
| Gross Profit margin |
54.4 |
| EBITDA/ Sales |
78.3 |
| Op Profit margin |
52.1 |
| Profit before tax margin |
53.7 |
| Profit after tax margin |
49.2 |
|
|
| Operating Efficiency |
| Ratio |
% |
| ROCE |
16.2 |
| ROE |
14.9 |
| ROA |
14.1 |
| Sales/Market Cap |
0.3 |
|
| |
|
| Financial Strength |
| Ratio |
Rate |
| Quick Ratio |
10.4 |
| Current Ratio |
10.8 |
| LT Debt/Equity |
- |
| LT Debt/Total Assets |
- |
| Debt/Equity |
0.5 |
|
| Stock |
| Quote |
| Outstanding shares |
63.5 mil |
| Listed shares |
63.5 mil |
| Average Outstanding Shares |
63.5 mil |
| No. of Shareholders |
- |
| Number of Employees |
|
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| Peer Comparison |
| |
+/- Previous Week |
P/E |
P/B |
Dividend Yield |
Net Profit
Margin |
ROE |
|
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|
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|
| TBC |
-4.4% |
7.7 |
1.1 |
-% |
49.2% |
14.9% |
| Utilities |
-3.5% |
9.1 |
3.2 |
10.8% |
21.5% |
38.3% |
| AVHPC |
+-% |
- |
- |
-% |
6.2% |
4.7% |
| BTP |
-8.3% |
4.6 |
0.9 |
-% |
12.4% |
19.5% |
| CHP |
+3.9% |
-8.8 |
0.8 |
-% |
-28.6% |
-9.2% |
| DNC |
+-% |
6.8 |
0.7 |
11.8% |
2.6% |
10.7% |
| DRL |
-0.4% |
8.1 |
2.2 |
-% |
53.7% |
25.4% |
| DTV |
+-% |
0.7 |
0.1 |
100.0% |
7.0% |
15.9% |
| GHC |
+3.6% |
4.2 |
2.0 |
15.5% |
52.4% |
49.3% |
| GSCP |
+-% |
- |
- |
-% |
0.4% |
0.1% |
| HJS |
-2.2% |
4.9 |
0.7 |
-% |
22.0% |
15.3% |
| KHP |
-1.6% |
4.5 |
0.9 |
-% |
5.6% |
20.8% |
| NBP |
+-% |
5.8 |
0.9 |
-% |
5.0% |
16.4% |
| ND2 |
+-% |
- |
0.5 |
-% |
-% |
-% |
| NLC |
-2.2% |
4.7 |
0.8 |
-% |
36.3% |
17.1% |
| NT2 |
+2.2% |
153.3 |
0.4 |
-% |
0.1% |
0.3% |
| PPC |
-11.6% |
5.1 |
1.5 |
-% |
29.8% |
35.0% |
| RHC |
-1.8% |
8.0 |
1.1 |
-% |
20.7% |
13.9% |
| SBA |
+-% |
23.0 |
0.7 |
-% |
11.2% |
3.1% |
| SEB |
-7.1% |
5.2 |
1.6 |
1.9% |
52.1% |
33.0% |
| SHP |
+-% |
8.2 |
0.7 |
-% |
51.3% |
8.9% |
| SJD |
-4.4% |
4.0 |
0.9 |
-% |
45.6% |
24.8% |
| TIC |
+-% |
7.4 |
1.0 |
-% |
1,181.1% |
12.3% |
| TMP |
+4.8% |
7.0 |
1.2 |
-% |
30.1% |
17.8% |
| VSH |
-6.3% |
13.4 |
1.1 |
-% |
71.1% |
8.2% |
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| Broker Research Report |
| Date |
Report |
Source |
| Data not found |
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| Contact Company |
| Head Quarter: |
Yên Bình, Yen Bai |
| Telephone: |
+84 - 29 3884116 |
| Fax: |
+84 - 29 3884167 |
| Website: |
www.thacba.evn.com.vn |
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