Valuation Ba Ria Thermal Power

Stocks

End-of-day quote Ho Chi Minh S.E. Other stock markets 07/07/2026			5-day change	1st Jan Change
8,280.00 ^VND	+0.24%		-0.12%	-7.90%

22/05	Ba Ria Thermal Power Joint Stock Company Announces Cash Dividend for 2025; Provides Divined Guidance for 2026	CI
22/05	Ba Ria Thermal Power Joint Stock Company Provides Production and Earnings Guidance for the Year 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	8,80,065	10,76,644	8,46,798	9,61,721	7,25,827	5,43,766
Change	-	22.34%	-21.35%	13.57%	-24.53%	-25.08%
Enterprise Value (EV) ¹	6,86,994	9,70,926	6,97,396	7,79,423	5,72,000	3,75,083
Change	-	41.33%	-28.17%	11.76%	-26.61%	-34.43%
P/E	10.9x	8.46x	12x	13.4x	17x	12.8x
PBR	0.72x	0.84x	0.68x	0.8x	0.68x	0.51x
PEG	-	0.1x	-0.3x	8.8x	-0.4x	-22.3x
Capitalization / Revenue	1.17x	0.89x	1.65x	1.23x	2.03x	2.07x
EV / Revenue	0.92x	0.8x	1.36x	1x	1.6x	1.42x
EV / EBITDA	6.57x	13.6x	14.9x	27.1x	20.9x	6.15x
EV / EBIT	10.6x	32.2x	-580x	-31.4x	-21.6x	47.5x
EV / FCF	1.76x	-10.8x	-8.42x	11.1x	6.85x	7.48x
FCF Yield	57%	-9.22%	-11.9%	9.04%	14.6%	13.4%
Dividend per Share ²	1,100	1,500	1,200	3,127	330	-
Rate of return	7.56%	8.43%	8.57%	19.7%	2.75%	-
EPS ²	1,338	2,103	1,170	1,187	707.9	703.8
Distribution rate	82.2%	71.3%	103%	263%	46.6%	-
Net sales ¹	7,50,177	12,12,907	5,13,492	7,79,821	3,57,407	2,63,278
EBITDA ¹	1,04,616	71,295	46,927	28,734	27,380	60,985
EBIT ¹	64,673	30,145	-1,202	-24,859	-26,429	7,898
Net income ¹	80,930	1,27,218	70,744	71,821	42,817	42,571
Net Debt ¹	-1,93,071	-1,05,717	-1,49,402	-1,82,298	-1,53,827	-1,68,683
Reference price ²	14,550.00	17,800.00	14,000.00	15,900.00	12,000.00	8,990.00
Nbr of stocks (in thousands)	60,486	60,486	60,486	60,486	60,486	60,486
Announcement Date	31/03/21	28/03/22	17/03/23	01/04/24	27/03/25	31/03/26

¹VND in Million²VND

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BA RIA THERMAL POWER	-	-	-	-	1.9Cr
HUANENG POWER INTERNATIONAL, INC.	7.77x	1.8x	7.44x	6.29%	1.46TCr
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.	12.88x	-	-	-	1.07TCr
JSW ENERGY LIMITED	38.33x	7.85x	14.1x	0.4%	1.05TCr
SHAANXI ENERGY INVESTMENT CO., LTD.	12.04x	-	-	-	591.66Cr
BEIJING JINGNENG POWER CO., LTD.	10.85x	-	-	-	588.23Cr
WINTIME ENERGY GROUP CO.,LTD.	44.86x	-	-	-	504.07Cr
ABOITIZ POWER CORPORATION	8.23x	2.63x	10.47x	5.68%	478.51Cr
TAQA MOROCCO S.A.	35.03x	4.26x	13.2x	2.28%	441.62Cr
Average	21.25x	4.14x	11.30x	3.66%	687.69Cr
Weighted average by Cap.	19.55x	4.09x	10.64x	3.89%