Gia Lai Electricity Joint Stock Company

HOSE:GEG Stock Report

Market Cap: ₫3.8t

Gia Lai Electricity Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GEG (₫10700) is trading below our estimate of fair value (₫26483.79)

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

Key Valuation Metric

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

Key metric: As GEG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GEG. This is calculated by dividing GEG's market cap by their current earnings.
What is GEG's PE Ratio?
PE Ratio53.6x
Earnings₫71.58b
Market Cap₫3.83t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
SHP Southern Hydropower
14.9xn/a₫3.5t
TMP Thac Mo Hydro Power
14xn/a₫4.9t
CHP Central Hydropower
15.7xn/a₫4.9t
HNA Hua Na Hydropower
19.1xn/a₫6.2t
GEG Gia Lai Electricity
53.6x54.9%₫3.8t

Price-To-Earnings vs Peers: GEG is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GEG 53.6xIndustry Avg. 13.9xNo. of Companies24PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GEG is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the Asian Renewable Energy industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is GEG'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.

GEG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.6x
Fair PE Ratio26.3x

Price-To-Earnings vs Fair Ratio: GEG is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the estimated Fair Price-To-Earnings Ratio (26.3x).

Analyst Price Targets

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

The above table shows the analyst GEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫10,700.00
₫14,857.14
+38.9%
13.9%₫17,428.57₫12,380.95n/a3
Nov ’25₫11,200.00
₫14,857.14
+32.7%
13.9%₫17,428.57₫12,380.95n/a3
Oct ’25₫11,700.00
₫14,857.14
+27.0%
13.9%₫17,428.57₫12,380.95n/a3
Sep ’25₫12,250.00
₫14,857.14
+21.3%
13.9%₫17,428.57₫12,380.95n/a3
Aug ’25₫13,571.43
₫14,904.76
+9.8%
16.9%₫17,428.57₫12,380.95n/a2
Jul ’25₫13,333.33
₫14,904.76
+11.8%
16.9%₫17,428.57₫12,380.95n/a2
Jun ’25₫13,285.71
₫16,238.10
+22.2%
10.9%₫18,000.00₫14,476.19n/a2
May ’25₫11,714.29
₫16,238.10
+38.6%
10.9%₫18,000.00₫14,476.19n/a2
Apr ’25₫12,619.05
₫16,238.10
+28.7%
10.9%₫18,000.00₫14,476.19n/a2
Mar ’25₫12,571.43
₫16,238.10
+29.2%
10.9%₫18,000.00₫14,476.19n/a2
Feb ’25₫12,476.19
₫17,079.37
+36.9%
10.9%₫18,761.90₫14,476.19n/a3
Jan ’25₫12,238.10
₫17,079.37
+39.6%
10.9%₫18,761.90₫14,476.19n/a3
Dec ’24₫12,619.05
₫17,079.37
+35.3%
10.9%₫18,761.90₫14,476.19n/a3
Nov ’24₫11,571.43
₫16,649.90
+43.9%
10.5%₫18,761.90₫14,476.19₫11,200.003
Oct ’24₫15,142.86
₫16,649.90
+10.0%
10.5%₫18,761.90₫14,476.19₫11,700.003
Sep ’24₫13,619.05
₫16,649.90
+22.3%
10.5%₫18,761.90₫14,476.19₫12,250.003
Aug ’24₫14,952.38
₫16,526.50
+10.5%
11.5%₫18,761.90₫14,106.02₫13,571.433
Jul ’24₫14,734.95
₫14,135.97
-4.1%
14.8%₫16,711.59₫11,590.30₫13,333.333
Jun ’24₫15,453.73
₫14,135.97
-8.5%
14.8%₫16,711.59₫11,590.30₫13,285.713
May ’24₫14,375.56
₫15,453.73
+7.5%
24.8%₫20,664.87₫11,590.30₫11,714.293
Apr ’24₫12,623.54
₫18,149.15
+43.8%
25.8%₫22,192.27₫11,590.30₫12,619.053
Mar ’24₫12,938.01
₫18,808.03
+45.4%
20.0%₫22,192.27₫13,566.94₫12,571.433
Feb ’24₫13,926.33
₫18,808.03
+35.1%
20.0%₫22,192.27₫13,566.94₫12,476.193
Jan ’24₫14,375.56
₫20,575.02
+43.1%
25.2%₫25,965.86₫13,566.94₫12,238.103
Dec ’23₫11,230.91
₫22,746.33
+102.5%
10.7%₫25,965.86₫20,080.86₫12,619.053
Nov ’23₫11,680.14
₫22,746.33
+94.7%
10.7%₫25,965.86₫20,080.86₫11,571.433

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Binh Duong Water - Environment Corporation -

₫9.8t

Engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam.

BWE

₫44,600.00

7D

2.5%

1Y

20.5%

PetroVietnam Power Corporation - JSC

₫26.7t

Engages in the production and distribution of industrial and consumer electricity in Vietnam.

POW

₫11,400.00

7D

1.3%

1Y

0%

Central Hydropower

₫4.9t

Produces, transmits, and distributes electricity in Vietnam.

CHP

₫33,100.00

7D

-0.3%

1Y

36.8%