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CHP

Central Hydropower HOSE:CHP Stock Report

Last Price

₫26.40k

Market Cap

₫3.9t

7D

-1.5%

1Y

37.5%

Updated

25 Sep, 2022

Data

Company Financials
CHP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends3/6

CHP Stock Overview

Central Hydropower Joint Stock Company produces, transmits, and distributes electricity in Vietnam.

Central Hydropower Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Central Hydropower
Historical stock prices
Current Share Price₫26,400.00
52 Week High₫27,500.00
52 Week Low₫19,000.00
Beta0.20
1 Month Change9.32%
3 Month Change8.87%
1 Year Change37.50%
3 Year Change37.18%
5 Year Change14.01%
Change since IPO176.25%

Recent News & Updates

Shareholder Returns

CHPVN Renewable EnergyVN Market
7D-1.5%-3.6%-2.5%
1Y37.5%18.4%-12.9%

Return vs Industry: CHP exceeded the VN Renewable Energy industry which returned 18.4% over the past year.

Return vs Market: CHP exceeded the VN Market which returned -12.9% over the past year.

Price Volatility

Is CHP's price volatile compared to industry and market?
CHP volatility
CHP Average Weekly Movement3.1%
Renewable Energy Industry Average Movement4.1%
Market Average Movement5.6%
10% most volatile stocks in VN Market8.2%
10% least volatile stocks in VN Market3.1%

Stable Share Price: CHP is less volatile than 75% of VN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CHP's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004125Le Anh Tuanhttps://www.chp.vn

Central Hydropower Joint Stock Company produces, transmits, and distributes electricity in Vietnam. The company constructs and operates a hydropower plant with a capacity of 170 MW in the A Luoi District of Thua Thien Hue province. It also engages in provision of management consultancy activities; construction and installation of irrigation works, hydro, cable works, electrical substation, and construction traffic works; dredging of the lakes; architectural, engineering, and technical consultancy related services; exploitation of stone, sand, gravel, and clay; marine aquaculture; real estate business; short-stay services; restaurant and catering services; travel business; and entertainment activities.

Central Hydropower Fundamentals Summary

How do Central Hydropower's earnings and revenue compare to its market cap?
CHP fundamental statistics
Market Cap₫3.88t
Earnings (TTM)₫501.82b
Revenue (TTM)₫1.09t

7.7x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHP income statement (TTM)
Revenue₫1.09t
Cost of Revenue₫424.45b
Gross Profit₫661.95b
Other Expenses₫160.13b
Earnings₫501.82b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.42k
Gross Margin60.93%
Net Profit Margin46.19%
Debt/Equity Ratio61.4%

How did CHP perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

44%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CHP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHP?

Other financial metrics that can be useful for relative valuation.

CHP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.5x
Enterprise Value/EBITDA5.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CHP's PE Ratio compare to its peers?

CHP PE Ratio vs Peers
The above table shows the PE ratio for CHP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.9x
TMP Thac Mo Hydro Power
8.9xn/a₫4.1t
GEG Gia Lai Electricity
20.9x29.2%₫6.3t
SHP Southern Hydropower
8xn/a₫2.9t
TBC Thac Ba Hydropower
10xn/a₫2.0t
CHP Central Hydropower
7.7xn/a₫3.9t

Price-To-Earnings vs Peers: CHP is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (11.9x).


Price to Earnings Ratio vs Industry

How does CHP's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

Price-To-Earnings vs Industry: CHP is good value based on its Price-To-Earnings Ratio (7.7x) compared to the Asian Renewable Energy industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

What is CHP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CHP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CHP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CHP (₫26400) is trading below our estimate of fair value (₫145681.29)

Significantly Below Fair Value: CHP is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Central Hydropower forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.2%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Central Hydropower has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Central Hydropower is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Central Hydropower performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CHP has high quality earnings.

Growing Profit Margin: CHP's current net profit margins (46.2%) are higher than last year (30.6%).


Past Earnings Growth Analysis

Earnings Trend: CHP's earnings have grown by 0.8% per year over the past 5 years.

Accelerating Growth: CHP's earnings growth over the past year (105.1%) exceeds its 5-year average (0.8% per year).

Earnings vs Industry: CHP earnings growth over the past year (105.1%) exceeded the Renewable Energy industry 36.4%.


Return on Equity

High ROE: CHP's Return on Equity (26.6%) is considered high.


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Financial Health

How is Central Hydropower's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CHP's short term assets (₫387.8B) exceed its short term liabilities (₫299.0B).

Long Term Liabilities: CHP's short term assets (₫387.8B) do not cover its long term liabilities (₫948.9B).


Debt to Equity History and Analysis

Debt Level: CHP's net debt to equity ratio (51.4%) is considered high.

Reducing Debt: CHP's debt to equity ratio has reduced from 71.9% to 61.4% over the past 5 years.

Debt Coverage: CHP's debt is well covered by operating cash flow (59.6%).

Interest Coverage: CHP's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


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Dividend

What is Central Hydropower current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.68%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CHP's dividend (5.68%) is higher than the bottom 25% of dividend payers in the VN market (3%).

High Dividend: CHP's dividend (5.68%) is low compared to the top 25% of dividend payers in the VN market (7.6%).


Stability and Growth of Payments

Stable Dividend: CHP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CHP's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.9%), CHP's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.1%), CHP's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Le Anh Tuan (53 yo)

4.25yrs

Tenure

Mr. Le Quy Anh Tuan has been Deputy Chief Executive Officer at Central Hydropower Joint Stock Company since June 1, 2018 and serves as its Member of management Board. Mr. Tuan served as Deputy General Dire...


Leadership Team

Experienced Management: CHP's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: CHP's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of CHP?
Owner TypeNumber of SharesOwnership Percentage
Institutions5,497,9043.7%
Individual Insiders35,745,11324.3%
General Public105,669,65171.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 4 shareholders own 24.33% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
24.15%
Quyen Nguyen
35,472,704₫936.5b1.43%no data
0.14%
Viet Ho
210,000₫5.5b-30%no data
0.042%
Tam Nguyen
62,000₫1.6b0%no data
0.00028%
Le Anh Tuan
409₫10.8m0%no data

Company Information

Central Hydropower Joint Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: Central Hydropower Joint Stock Company
  • Ticker: CHP
  • Exchange: HOSE
  • Founded: 2004
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: ₫3.878t
  • Shares outstanding: 146.91m
  • Website: https://www.chp.vn

Number of Employees


Location

  • Central Hydropower Joint Stock Company
  • Danang Industrial Zone
  • An Hai Bac Ward
  • Da Nang
  • Vietnam


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHPHOSE (Ho Chi Minh Stock Exchange)YesCommon StockVNVNDApr 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.