VPD.VN Viet Nam Power Development JSC
- Market cap
- VND 2.21T
- P/E
- 9.2x
- P/B
- 1.42x
- ROE
- 16.2%
- Dividend yield
- 7.60%
- Fundamental score
- 3.6/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is VPD.VN undervalued?
Graham numberVPD.VN trades 23.6% 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?
Viet Nam Power Development JSC fundamental analysis
17 of 22 checks passedROE 1/2
Moderate return on equity (16.2%), between 10% and 20%.
ROA 1/1
Return on assets (14.9%) is above the industry median (10.9%).
Profit Consistency 2/2
Profitable for 6 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 (23.6%) is not above the 5-year average (26.7% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (23.6%) is below the industry median (46.1%).
Revenue Growth 1/2
Revenue grew 0.7% 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 (0.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
The company has no debt.
Interest Coverage 1/1
EBIT is 238.0x against interest expense, well covered.
PE vs Market 1/1
PE (9.2x) is below the market median (11.2x).
PE vs Industry 0/1
PE (9.2x) is above the industry median (9.2x).
PBV 0/1
Price to book (1.4x) is above the industry median (1.4x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 13.1, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.35, growth is cheap.
Dividend Yield 2/2
Dividend yield (7.6%) 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 64.1%, 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
Viet Nam Power Development JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Viet Nam Power Development JSC
Viet Nam Power Development Joint Stock Company engages in the electric generation business in Vietnam. The company offers technical safety inspection of electrical equipment and instruments operating in non-hazardous environments with respect to flammable gases and explosive dust; and consulting services. Viet Nam Power Development Joint Stock Company was founded in 2002 and is headquartered in Hanoi, Vietnam.
Full company profileViet Nam Power Development 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.
Viet Nam Power Development JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 455B | 569B | 681B | 542B | 586B | 696B | 634B |
| Gross Profit | 205B | 298B | 403B | 279B | 311B | 387B | 350B |
| Operating Income | 175B | 259B | 364B | 242B | 267B | 328B | 303B |
| EBITDA | - | - | 383B | 247B | 279B | 337B | 318B |
| Net Income | 80.4B | 164B | 284B | 190B | 212B | 262B | 252B |
| EPS | 755 | 1,539 | 2,665 | 1,787 | 1,991 | 2,462 | 2,360 |
| Balance Sheet | |||||||
| Total Assets | 2.16T | 2.07T | 2.01T | 1.82T | 1.74T | 1.78T | 1.69T |
| Total Liabilities | 893B | 705B | 473B | 249B | 335B | 156B | 137B |
| Shareholders' Equity | 1.27T | 1.36T | 1.53T | 1.57T | 1.40T | 1.62T | 1.55T |
| Cash & Short-term Investments | 39.9B | 113B | 103B | 49.7B | 221B | 281B | 301B |
| Cash Flow | |||||||
| Capital Expenditure | 18.2B | 16.4B | 6.52B | 5.52B | 2.85B | 16.8B | 49.3B |
| Free Cash Flow | 170B | 327B | 323B | 295B | 468B | 282B | 348B |
| Ratios | |||||||
| ROE | 6.3% | 12.0% | 18.5% | 12.1% | 15.1% | 16.2% | 16.2% |
| ROA | 3.7% | 7.9% | 14.2% | 10.5% | 12.2% | 14.7% | 14.9% |
| Net Profit Margin | 17.7% | 28.9% | 41.7% | 35.2% | 36.2% | 37.7% | 39.7% |
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.
- 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.
Viet Nam Power Development JSC dividends
- Dividend yield
- 7.60%
- Forward dividend
- 2,300.00 VND
- Payout ratio
- 64.1%
- Ex-dividend date
- Jun 12, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 168B | 1,577 | 64.1% |
| 2024 | VND 209B | 1,962 | 98.6% |
| 2023 | VND 137B | 1,283 | 71.8% |
| 2022 | VND 104B | 979 | 36.7% |
| 2021 | VND 63.4B | 595 | 38.6% |
| 2020 | VND 105B | 989 | 131.1% |
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: 104:100 on Oct 9, 2018.
Who owns Viet Nam Power Development JSC
- Insiders 81.06%
- Institutions 0.00%
- Public & others 18.94%
- Shares outstanding 107M
- Free float 106M
Viet Nam Power Development JSC company profile
- Company name
- Viet Nam Power Development JSC
- Ticker
- VPD.VN
- ISIN
- VN000000VPD2
- Exchange
- Vietnam Stocks
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Employees
- 128
- Fiscal year end
- December
- Address
- CT2 Building, 286 Nguyen Xien Street, Hanoi, Vietnam
- Phone
- 84 24 22131580
- Website
- vnpd.com.vn
About Viet Nam Power Development JSC
Viet Nam Power Development Joint Stock Company engages in the electric generation business in Vietnam. The company offers technical safety inspection of electrical equipment and instruments operating in non-hazardous environments with respect to flammable gases and explosive dust; and consulting services. Viet Nam Power Development Joint Stock Company was founded in 2002 and is headquartered in Hanoi, Vietnam.
Viet Nam Power Development JSC management
4- Mr. Tuan Anh NguyenGeneral Director, Director & Member of Management Board
- Mr. Phuong Tung NguyenDeputy General Director & Member of Management Board · born 1977
- Mr. Le Dinh PhamDeputy General Director & Member of Management Board · born 1978
- Ms. Trang Thi Thu BuiChief Accountant