Vinh Son - Song Hinh Hydropower Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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 VSH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VSH (₫51000) is trading below our estimate of fair value (₫125225.85)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VSH. This is calculated by dividing VSH's market cap by their current earnings.
What is VSH's PE Ratio?
PE Ratio	32x
Earnings	₫376.84b
Market Cap	₫12.05t

VSH 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/Revenue	8.4x
Enterprise Value/EBITDA	11.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VSH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	25.4x
HNA Hua Na Hydropower	18.3x	n/a	₫6.0t
TMP Thac Mo Hydro Power	14x	n/a	₫4.9t
CHP Central Hydropower	15.7x	n/a	₫4.8t
GEG Gia Lai Electricity	53.6x	54.9%	₫3.8t
VSH Vinh Son - Song Hinh Hydropower	32x	n/a	₫12.0t

Price-To-Earnings vs Peers: VSH is expensive based on its Price-To-Earnings Ratio (32x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

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

9 Companies	Price / Earnings	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: VSH is expensive based on its Price-To-Earnings Ratio (32x) compared to the Asian Renewable Energy industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is VSH'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.

VSH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	32x
Fair PE Ratio	n/a

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

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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