TBC.VN Thac Ba Hydropower JSC

Utilities Utilities - Independent Power Producers Vietnam Stocks
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30,300 VND
Close of Oct 30, 2026
Market cap
VND 2.02T
P/E
8.4x
P/B
1.62x
ROE
21.1%
Dividend yield
8.93%
Fundamental score
3.6/5

Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.

Is TBC.VN undervalued?

Graham number
Price30,300
Graham value38,828
Discount22.0%

TBC.VN trades 22.0% below 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?

Thac Ba Hydropower JSC fundamental analysis

16 of 22 checks passed

ROE 2/2

High return on equity (21.1%), above 20%.

ROA 1/1

Return on assets (15.0%) is above the industry median (7.6%).

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 (8.0%) is above the 5-year average (1.2% a year).

Earnings Growth vs Industry 1/1

Last year's EPS growth (8.0%) is above the industry median (-34.8%).

Revenue Growth 0/2

Revenue shrank 8.1% 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 (6.4%), 40% or less.

Debt Trend 1/1

Debt to equity has not risen over the past 5 years.

Debt Coverage 1/1

Operating cash flow covers 20% of total debt.

Interest Coverage 1/1

EBIT is 62.0x against interest expense, well covered.

PE vs Market 1/1

PE (8.8x) is below the market median (11.2x).

PE vs Industry 0/1

PE (8.8x) is above the industry median (8.8x).

PBV 0/1

Price to book (1.7x) is above the industry median (0.9x).

Graham Number 1/1

The price is below the Graham number (PE x PB = 15.0, limit 22.5).

PEG 0/1

PEG on 5-year earnings growth is 7.30, above 1.

Dividend Yield 2/2

Dividend yield (8.9%) 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 0/1

Payout ratio is 93.7%, above 90% of 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

Thac Ba Hydropower JSC stock price

Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.

About Thac Ba Hydropower JSC

Thac Ba Hydropower Joint Stock Company produces and trades in electricity in Vietnam. It also provides repairment, maintenance, and renovation services for equipment of hydropower plants. The company was founded in 1971 and is headquartered in Lao Cai, Vietnam. Thac Ba Hydropower Joint Stock Company operates as a subsidiary of R Refrigeration Electrical Engineering Corporation.

Full company profile