TMP.VN Thac Mo Hydropower JSC

Utilities Utilities - Independent Power Producers Vietnam Stocks
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49,000 VND
Close of Oct 30, 2026
Market cap
VND 3.70T
P/E
9.8x
P/B
1.86x
ROE
18.7%
Dividend yield
2.45%
Fundamental score
3.0/5

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

Is TMP.VN undervalued?

Graham number
Price49,000
Graham value54,433
Discount10.0%

TMP.VN trades 10.0% 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 Mo Hydropower JSC fundamental analysis

15 of 22 checks passed

ROE 1/2

Moderate return on equity (18.7%), between 10% and 20%.

ROA 1/1

Return on assets (15.4%) is above the industry median (3.6%).

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 0/1

Last year's EPS growth (-9.4%) is not above the 5-year average (12.2% a year).

Earnings Growth vs Industry 0/1

Last year's EPS growth (-9.4%) is below the industry median (17.5%).

Revenue Growth 0/2

Revenue shrank 11.1% 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 (10.1%), 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 22.3x against interest expense, well covered.

PE vs Market 1/1

PE (10.6x) is below the market median (11.2x).

PE vs Industry 1/1

PE (10.6x) is below the industry median (11.2x).

PBV 0/1

Price to book (2.0x) is above the industry median (1.2x).

Graham Number 1/1

The price is below the Graham number (PE x PB = 21.2, limit 22.5).

PEG 1/1

PEG on 5-year earnings growth is 0.87, growth is cheap.

Dividend Yield 1/2

Dividend yield (2.5%) is above the bottom 25% of dividend payers in the market.

Dividend Stability 0/2

Dividends were not paid steadily for the past 5 years.

Dividend Growth 0/1

Dividends paid did not grow over the past 5 years.

Payout Ratio 1/1

Payout ratio is 28.6%, 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

Thac Mo Hydropower JSC stock price

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

About Thac Mo Hydropower JSC

Thac Mo Hydro Power Joint Stock Company, together with its subsidiaries, produces and sells hydropower electricity in Vietnam. It is also involved in the management, operation, maintenance, repair, renovation, and installation of electrical equipment, hydraulic works, and power plant architectural structures; investment and construction of power source projects; construction of transmission lines and substations; and provision of transportation services. The company was form…

Full company profile