CHP.VN Central Hydropower JSC
- Market cap
- VND 4.14T
- P/E
- 11.8x
- P/B
- 2.25x
- ROE
- 13.4%
- Dividend yield
- 7.77%
- Fundamental score
- 2.7/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is CHP.VN undervalued?
Graham numberCHP.VN trades 8.5% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Central Hydropower JSC fundamental analysis
12 of 22 checks passedROE 1/2
Moderate return on equity (13.4%), between 10% and 20%.
ROA 0/1
Return on assets (10.9%) is below the industry median (10.9%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (46.1%) is above the 5-year average (8.9% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (46.1%) is below the industry median (46.1%).
Revenue Growth 0/2
Revenue shrank 3.2% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (13.4%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 11.4x against interest expense, well covered.
PE vs Market 0/1
PE (11.8x) is above the market median (11.2x).
PE vs Industry 0/1
PE (11.8x) is above the industry median (9.2x).
PBV 0/1
Price to book (2.3x) is above the industry median (1.4x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 26.5, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.32, above 1.
Dividend Yield 2/2
Dividend yield (7.8%) is in the top 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 70.1%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Central Hydropower JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Central Hydropower JSC
Central Hydropower Joint Stock Company produces, transmits, and distributes electricity in Vietnam. The company invests in construction of hydropower projects, solar power plants, and wind energy facilities; and constructs electricity transmission lines, transformer stations, solar and wind power works. It is also involved in afforestation and other forestry activities, and propagation of forest trees; business services in construction surveying; consulting on the constructi…
Full company profileCentral Hydropower JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Central Hydropower JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 714B | 831B | 787B | 1.10T | 881B | 814B | 999B | 659B |
| Gross Profit | 383B | 458B | 400B | 662B | 469B | 421B | 561B | 315B |
| Operating Income | 351B | 420B | 366B | 618B | 430B | 380B | 509B | 277B |
| EBITDA | 551B | 642B | 596B | 859B | 666B | 611B | 748B | 299B |
| Net Income | 216B | 278B | 242B | 510B | 337B | 314B | 458B | 246B |
| EPS | 1,471 | 1,895 | 1,648 | 3,473 | 2,137 | 1,990 | 2,907 | 1,561 |
| Balance Sheet | ||||||||
| Total Assets | 3.61T | 3.53T | 3.27T | 3.26T | 2.97T | 2.70T | 2.62T | 2.27T |
| Total Liabilities | 1.85T | 1.64T | 1.38T | 1.26T | 1.03T | 708B | 509B | 437B |
| Shareholders' Equity | 1.76T | 1.89T | 1.89T | 2.00T | 1.94T | 1.99T | 2.11T | 1.83T |
| Cash & Short-term Investments | 179B | 270B | 91.0B | 251B | 113B | 198B | 253B | 164B |
| Cash Flow | ||||||||
| Operating Cash Flow | 554B | 503B | 311B | 689B | 465B | 653B | 689B | - |
| Capital Expenditure | 840B | 152B | 8.65B | 2.90B | 2.86B | 8.68B | 14.6B | 609M |
| Free Cash Flow | -285B | 351B | 302B | 686B | 569B | 645B | 675B | 466B |
| Ratios | ||||||||
| ROE | 12.2% | 14.7% | 12.8% | 25.6% | 17.4% | 15.8% | 21.7% | 13.4% |
| ROA | 6.0% | 7.9% | 7.4% | 15.7% | 11.4% | 11.6% | 17.5% | 10.9% |
| Net Profit Margin | 30.3% | 33.5% | 30.7% | 46.4% | 38.2% | 38.5% | 45.9% | 37.3% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Central Hydropower JSC dividends
- Dividend yield
- 7.77%
- Forward dividend
- 2,800.00 VND
- Payout ratio
- 70.1%
- Ex-dividend date
- Aug 24, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 321B | 2,039 | 70.1% |
| 2024 | VND 367B | 2,330 | 117.1% |
| 2023 | VND 311B | 1,971 | 92.2% |
| 2022 | VND 263B | 1,793 | 51.6% |
| 2021 | VND 236B | 1,603 | 97.3% |
| 2020 | VND 165B | 1,126 | 59.4% |
| 2019 | VND 177B | 1,207 | 82.1% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 107.31545:100 on Dec 11, 2025.
Who owns Central Hydropower JSC
- Insiders 70.72%
- Institutions 0.00%
- Public & others 29.28%
- Shares outstanding 158M
- Free float 158M
Central Hydropower JSC company profile
- Company name
- Central Hydropower JSC
- Ticker
- CHP.VN
- ISIN
- VN000000CHP3
- Exchange
- Vietnam Stocks
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Employees
- 123
- Fiscal year end
- December
- Address
- Da Nang Industrial Park, Da Nang, Vietnam
- Phone
- 84 2 363 959110
- Website
- chp.vn
About Central Hydropower JSC
Central Hydropower Joint Stock Company produces, transmits, and distributes electricity in Vietnam. The company invests in construction of hydropower projects, solar power plants, and wind energy facilities; and constructs electricity transmission lines, transformer stations, solar and wind power works. It is also involved in afforestation and other forestry activities, and propagation of forest trees; business services in construction surveying; consulting on the construction of power projects; consulting and designing power grids and lighting systems; supervision consulting for equipment installation of power projects, as well as construction of irrigation works, hydropower plants, transmission lines and substations, solar power plants, and wind power plants; operations management and maintenance for power plants and industrial facilities; project management consulting for civil, industrial, infrastructure, agriculture, rural development, and road transport projects, as well as for hydropower plants, solar power plants, and wind power plants; contractor selection consulting; and geological exploration activities, such as leasing of non-financial intangible assets, construction of hydraulic structures, and other specialized construction activities. Central Hydropower Joint Stock Company was incorporated in 2004 and is headquartered in Da Nang, Vietnam.
Central Hydropower JSC management
4- Mr. Tuan Quy Anh LeCEO, Member of Management Board & Director · born 1969
- Mr. Huynh MaiDeputy CEO & Member of Management Board · born 1970
- Mr. Kiem Hoan HoDeputy GM, Secretary & Member of Management Board
- Mr. Nhat The NguyenChief Accountant