PETROVIETNAM POWER CORPORATION - |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10,500 VND | -0.47% |
|
-1.41% | -6.67% |
| Apr. 08 | PetroVietnam Power signs loan for LNG plants from Citibank, ING | RE |
| Apr. 08 | PetroVietnam Power says signed deal for $300 mln loan from Citibank, ING | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,814,430 | 31,849,454 | 40,982,753 | 24,940,933 | 26,346,056 | 24,589,652 | - | - |
| Enterprise Value (EV) 1 | 38,624,853 | 37,189,673 | 40,685,658 | 24,057,188 | 28,194,367 | 24,416,652 | 41,347,652 | 36,600,652 |
| P/E ratio | 10.8 x | 14.5 x | 23 x | 13.2 x | 24.5 x | 21.4 x | 9.91 x | 7.77 x |
| Yield | 2.62% | 1.47% | 1.14% | - | - | - | - | 2.86% |
| Capitalization / Revenue | 0.76 x | 1.07 x | 1.67 x | 0.88 x | 0.94 x | 0.81 x | 0.61 x | 0.53 x |
| EV / Revenue | 1.09 x | 1.25 x | 1.66 x | 0.85 x | 1.01 x | 0.81 x | 1.03 x | 0.8 x |
| EV / EBITDA | 5.48 x | 6.57 x | 7.79 x | 4.41 x | 6.69 x | 5.26 x | 5.44 x | 4.12 x |
| EV / FCF | 9.16 x | 4.79 x | 7.95 x | 39 x | - | -5.55 x | -5.07 x | 6.8 x |
| FCF Yield | 10.9% | 20.9% | 12.6% | 2.56% | - | -18% | -19.7% | 14.7% |
| Price to Book | 1 x | 1.02 x | 1.28 x | 0.75 x | 0.77 x | 0.76 x | 0.72 x | - |
| Nbr of stocks (in thousands) | 2,341,872 | 2,341,872 | 2,341,872 | 2,341,872 | 2,341,872 | 2,341,872 | - | - |
| Reference price 2 | 11,450 | 13,600 | 17,500 | 10,650 | 11,250 | 10,500 | 10,500 | 10,500 |
| Announcement Date | 1/31/20 | 1/29/21 | 1/28/22 | 1/30/23 | 1/31/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 35,420,711 | 29,709,479 | 24,565,413 | 28,235,033 | 27,944,691 | 30,179,143 | 40,220,000 | 45,997,000 |
| EBITDA 1 | 7,048,193 | 5,662,822 | 5,222,317 | 5,451,908 | 4,213,079 | 4,641,667 | 7,597,750 | 8,893,500 |
| EBIT 1 | 3,916,601 | 2,838,894 | 2,439,107 | 2,503,666 | 1,403,986 | 1,816,750 | 4,346,000 | 5,282,333 |
| Operating Margin | 11.06% | 9.56% | 9.93% | 8.87% | 5.02% | 6.02% | 10.81% | 11.48% |
| Earnings before Tax (EBT) 1 | 3,144,526 | 2,859,997 | 2,319,268 | 2,564,315 | 1,458,825 | 1,702,000 | 3,384,000 | 4,378,000 |
| Net income 1 | 2,490,706 | 2,194,736 | 1,778,843 | 1,893,726 | 1,075,048 | 1,531,667 | 2,593,500 | 2,979,000 |
| Net margin | 7.03% | 7.39% | 7.24% | 6.71% | 3.85% | 5.08% | 6.45% | 6.48% |
| EPS 2 | 1,064 | 937.0 | 760.0 | 809.0 | 459.0 | 491.0 | 1,060 | 1,350 |
| Free Cash Flow 1 | 4,214,707 | 7,760,893 | 5,114,754 | 616,126 | - | -4,396,000 | -8,147,750 | 5,380,250 |
| FCF margin | 11.9% | 26.12% | 20.82% | 2.18% | - | -14.57% | -20.26% | 11.7% |
| FCF Conversion (EBITDA) | 59.8% | 137.05% | 97.94% | 11.3% | - | - | - | 60.5% |
| FCF Conversion (Net income) | 169.22% | 353.61% | 287.53% | 32.54% | - | - | - | 180.61% |
| Dividend per Share 2 | 300.0 | 200.0 | 200.0 | - | - | - | - | 300.0 |
| Announcement Date | 1/31/20 | 1/29/21 | 1/28/22 | 1/30/23 | 1/31/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2023 S1 | 2023 S2 | 2024 Q1 |
|---|---|---|---|---|
| Net sales 1 | - | - | - | 5,954,000 |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | 66,854 | 660,286 | 332,454 | - |
| Net margin | - | - | - | - |
| EPS | 29.00 | 282.0 | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 10/28/22 | 7/27/23 | 1/31/24 | - |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,810,423 | 5,340,219 | - | - | 1,848,311 | - | 16,758,000 | 12,011,000 |
| Net Cash position 1 | - | - | 297,095 | 883,744 | - | 173,000 | - | - |
| Leverage (Debt/EBITDA) | 1.676 x | 0.943 x | - | - | 0.4387 x | - | 2.206 x | 1.351 x |
| Free Cash Flow 1 | 4,214,707 | 7,760,893 | 5,114,754 | 616,126 | - | -4,396,000 | -8,147,750 | 5,380,250 |
| ROE (net income / shareholders' equity) | 9.69% | 7.24% | 6.11% | 5.9% | 3.19% | 5.09% | 6.68% | 9.5% |
| ROA (Net income/ Total Assets) | 4.38% | 4.01% | 3.32% | 3.46% | 1.69% | 2.97% | 3.53% | 3.8% |
| Assets 1 | 56,903,112 | 54,768,457 | 53,500,160 | 54,811,187 | 63,593,488 | 51,571,268 | 73,470,255 | 78,394,737 |
| Book Value Per Share 2 | 11,481 | 13,280 | 13,721 | 14,137 | 14,589 | 13,854 | 14,498 | - |
| Cash Flow per Share | - | 3,377 | 2,301 | - | - | - | - | - |
| Capex 1 | 137,018 | 147,375 | 274,264 | 2,562,182 | 6,179,403 | 9,557,000 | 11,996,400 | 337,500 |
| Capex / Sales | 0.39% | 0.5% | 1.12% | 9.07% | 22.11% | 31.67% | 29.83% | 0.73% |
| Announcement Date | 1/31/20 | 1/29/21 | 1/28/22 | 1/30/23 | 1/31/24 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
10,500
VND
Average target price
14,850
VND
Spread / Average Target
+41.43%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.67% | 973M | |
| +16.73% | 42.18B | |
| +16.62% | 27.55B | |
| +21.62% | 15.7B | |
| +24.68% | 11.91B | |
| +23.34% | 8.77B | |
| +26.02% | 6.34B | |
| +55.86% | 5.88B | |
| +36.17% | 5.14B | |
| -4.32% | 4.1B |
- Stock Market
- Equities
- POW Stock
- Financials PetroVietnam Power Corporation -
