Valuation Ba Ria Thermal Power

Stocks

End-of-day quote Ho Chi Minh S.E. Other stock markets 2026-07-07			5-day change	1st Jan Change
8,280.00 ^VND	+0.24%		-0.12%	-7.90%

May. 21	Ba Ria Thermal Power Joint Stock Company Announces Cash Dividend for 2025; Provides Divined Guidance for 2026	CI
May. 21	Ba Ria Thermal Power Joint Stock Company Provides Production and Earnings Guidance for the Year 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	880,065	1,076,644	846,798	961,721	725,827	543,766
Change	-	22.34%	-21.35%	13.57%	-24.53%	-25.08%
Enterprise Value (EV) ¹	686,994	970,926	697,396	779,423	572,000	375,083
Change	-	41.33%	-28.17%	11.76%	-26.61%	-34.43%
P/E	10.9x	8.46x	12x	13.4x	17x	12.8x
PBR	0.72x	0.84x	0.68x	0.8x	0.68x	0.51x
PEG	-	0.1x	-0.3x	8.8x	-0.4x	-22.3x
Capitalization / Revenue	1.17x	0.89x	1.65x	1.23x	2.03x	2.07x
EV / Revenue	0.92x	0.8x	1.36x	1x	1.6x	1.42x
EV / EBITDA	6.57x	13.6x	14.9x	27.1x	20.9x	6.15x
EV / EBIT	10.6x	32.2x	-580x	-31.4x	-21.6x	47.5x
EV / FCF	1.76x	-10.8x	-8.42x	11.1x	6.85x	7.48x
FCF Yield	57%	-9.22%	-11.9%	9.04%	14.6%	13.4%
Dividend per Share ²	1,100	1,500	1,200	3,127	330	-
Rate of return	7.56%	8.43%	8.57%	19.7%	2.75%	-
EPS ²	1,338	2,103	1,170	1,187	707.9	703.8
Distribution rate	82.2%	71.3%	103%	263%	46.6%	-
Net sales ¹	750,177	1,212,907	513,492	779,821	357,407	263,278
EBITDA ¹	104,616	71,295	46,927	28,734	27,380	60,985
EBIT ¹	64,673	30,145	-1,202	-24,859	-26,429	7,898
Net income ¹	80,930	127,218	70,744	71,821	42,817	42,571
Net Debt ¹	-193,071	-105,717	-149,402	-182,298	-153,827	-168,683
Reference price ²	14,550.00	17,800.00	14,000.00	15,900.00	12,000.00	8,990.00
Nbr of stocks (in thousands)	60,486	60,486	60,486	60,486	60,486	60,486
Announcement Date	3/31/21	3/28/22	3/17/23	4/1/24	3/27/25	3/31/26

¹VND in Million²VND

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BA RIA THERMAL POWER	-	-	-	-	18.99M
HUANENG POWER INTERNATIONAL, INC.	7.77x	1.8x	7.44x	6.29%	14.63B
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.	12.88x	-	-	-	10.68B
JSW ENERGY LIMITED	38.33x	7.85x	14.1x	0.4%	10.52B
SHAANXI ENERGY INVESTMENT CO., LTD.	12.04x	-	-	-	5.92B
BEIJING JINGNENG POWER CO., LTD.	10.85x	-	-	-	5.88B
WINTIME ENERGY GROUP CO.,LTD.	44.86x	-	-	-	5.04B
ABOITIZ POWER CORPORATION	8.23x	2.63x	10.47x	5.68%	4.79B
TAQA MOROCCO S.A.	35.03x	4.26x	13.2x	2.28%	4.42B
Average	21.25x	4.14x	11.30x	3.66%	6.88B
Weighted average by Cap.	19.55x	4.09x	10.64x	3.89%