Duyuru • May 27
Can Don Hydro Power Joint Stock Company, Annual General Meeting, Jun 19, 2026 Can Don Hydro Power Joint Stock Company, Annual General Meeting, Jun 19, 2026, at 08:00 SE Asia Standard Time. Location: thanh thuy hamlet, thien hung commune, dong nai Vietnam Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: ₫306 (vs ₫166 in 1Q 2025) First quarter 2026 results: EPS: ₫306 (up from ₫166 in 1Q 2025). Revenue: ₫65.7b (up 20% from 1Q 2025). Net income: ₫21.1b (up 84% from 1Q 2025). Profit margin: 32% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 01
Full year 2025 earnings released: EPS: ₫2,328 (vs ₫2,065 in FY 2024) Full year 2025 results: EPS: ₫2,328 (up from ₫2,065 in FY 2024). Revenue: ₫449.4b (up 6.4% from FY 2024). Net income: ₫160.6b (up 13% from FY 2024). Profit margin: 36% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: ₫1,531 (vs ₫1,276 in 3Q 2024) Third quarter 2025 results: EPS: ₫1,531 (up from ₫1,276 in 3Q 2024). Revenue: ₫186.3b (up 3.7% from 3Q 2024). Net income: ₫105.6b (up 20% from 3Q 2024). Profit margin: 57% (up from 49% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Buy Or Sell Opportunity • Sep 23
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to ₫14,350. The fair value is estimated to be ₫19,859, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has declined by 7.8%. Upcoming Dividend • Sep 16
Upcoming dividend of ₫1,650 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 24 October 2025. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of Vietnamese dividend payers (7.4%). Higher than average of industry peers (5.3%). Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: ₫536 (vs ₫377 in 2Q 2024) Second quarter 2025 results: EPS: ₫536 (up from ₫377 in 2Q 2024). Revenue: ₫99.0b (up 12% from 2Q 2024). Net income: ₫37.0b (up 42% from 2Q 2024). Profit margin: 37% (up from 29% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: ₫166 (vs ₫230 in 1Q 2024) First quarter 2025 results: EPS: ₫166 (down from ₫230 in 1Q 2024). Revenue: ₫54.6b (down 6.4% from 1Q 2024). Net income: ₫11.5b (down 28% from 1Q 2024). Profit margin: 21% (down from 27% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Duyuru • Apr 10
Can Don Hydro Power Joint Stock Company, Annual General Meeting, Apr 28, 2025 Can Don Hydro Power Joint Stock Company, Annual General Meeting, Apr 28, 2025. Location: thanh thuy hamlet, thanh binh town, bu dop district, binh phuoc province, Vietnam Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫14,100, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 15x in the Renewable Energy industry in Vietnam. Total loss to shareholders of 8.4% over the past three years. Upcoming Dividend • Nov 12
Upcoming dividend of ₫1,800 per share Eligible shareholders must have bought the stock before 19 November 2024. Payment date: 20 December 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of Vietnamese dividend payers (8.2%). Lower than average of industry peers (9.9%). Duyuru • Oct 23
Can Don Hydro Power Joint Stock Company Announces Management Appointments Can Don Hydro Power Joint Stock Company announced appointment of Mr. Vu Van Nam as Deputy CEO and Ms. Ho Thi Hue as Chief Accountant Effective from October 21, 2024. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: ₫1,276 (vs ₫1,017 in 3Q 2023) Third quarter 2024 results: EPS: ₫1,276 (up from ₫1,017 in 3Q 2023). Revenue: ₫179.7b (flat on 3Q 2023). Net income: ₫88.0b (up 26% from 3Q 2023). Profit margin: 49% (up from 39% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: ₫377 (vs ₫449 in 2Q 2023) Second quarter 2024 results: EPS: ₫377 (down from ₫449 in 2Q 2023). Revenue: ₫88.5b (down 2.7% from 2Q 2023). Net income: ₫26.0b (down 16% from 2Q 2023). Profit margin: 29% (down from 34% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫1.01t market cap, or US$40.6m). Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: ₫230 (vs ₫288 in 1Q 2023) First quarter 2024 results: EPS: ₫230 (down from ₫288 in 1Q 2023). Revenue: ₫58.4b (down 12% from 1Q 2023). Net income: ₫15.9b (down 20% from 1Q 2023). Profit margin: 27% (down from 30% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: ₫1,882 (vs ₫2,231 in FY 2022) Full year 2023 results: EPS: ₫1,882 (down from ₫2,231 in FY 2022). Revenue: ₫430.8b (down 5.4% from FY 2022). Net income: ₫129.9b (down 16% from FY 2022). Profit margin: 30% (down from 34% in FY 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: ₫1,017 (vs ₫1,071 in 3Q 2022) Third quarter 2023 results: EPS: ₫1,017 (down from ₫1,071 in 3Q 2022). Revenue: ₫179.8b (up 2.9% from 3Q 2022). Net income: ₫70.1b (down 5.1% from 3Q 2022). Profit margin: 39% (down from 42% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫15,800, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the Renewable Energy industry in Vietnam. Total returns to shareholders of 17% over the past three years. Upcoming Dividend • Oct 05
Upcoming dividend of ₫2,900 per share at 7.3% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 31 October 2023. Trailing yield: 7.3%. Lower than top quartile of Vietnamese dividend payers (8.9%). Higher than average of industry peers (4.9%). Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: ₫449 (vs ₫606 in 2Q 2022) Second quarter 2023 results: EPS: ₫449 (down from ₫606 in 2Q 2022). Revenue: ₫91.0b (down 17% from 2Q 2022). Net income: ₫31.0b (down 26% from 2Q 2022). Profit margin: 34% (down from 38% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Jul 06
Can Don Hydro Power Joint Stock Company Announces Board Changes Can Don Hydro Power Joint Stock Company approved the appointment of Mr. Do Duc Manh as member of the Board of Directors of the Company from June 30, 2023 and approved the resignation of Mr. Mai Ngoc Hoan as member of the Board of Directors of the Company from June 30, 2023. Duyuru • Jun 16
Can Don Hydro Power Joint Stock Company, Annual General Meeting, Jun 30, 2023 Can Don Hydro Power Joint Stock Company, Annual General Meeting, Jun 30, 2023, at 01:00 Coordinated Universal Time. Location: Thanh Thuy hamlet, Thanh Binh town, Bu Dop district Binh Phuoc Vietnam Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: ₫283 (vs ₫427 in 1Q 2022) First quarter 2023 results: EPS: ₫283 (down from ₫427 in 1Q 2022). Revenue: ₫66.7b (down 15% from 1Q 2022). Net income: ₫19.5b (down 34% from 1Q 2022). Profit margin: 29% (down from 37% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: ₫2,231 (vs ₫2,318 in FY 2021) Full year 2022 results: EPS: ₫2,231 (down from ₫2,318 in FY 2021). Revenue: ₫455.3b (up 7.0% from FY 2021). Net income: ₫153.9b (down 3.8% from FY 2021). Profit margin: 34% (down from 38% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Head of Supervisory Board Long Vu was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: ₫1,071 (vs ₫1,071 in 3Q 2021) Third quarter 2022 results: EPS: ₫1,071 (in line with 3Q 2021). Revenue: ₫174.8b (up 14% from 3Q 2021). Net income: ₫73.9b (flat on 3Q 2021). Profit margin: 42% (down from 48% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: ₫606 (vs ₫356 in 2Q 2021) Second quarter 2022 results: EPS: ₫606 (up from ₫356 in 2Q 2021). Revenue: ₫109.2b (up 30% from 2Q 2021). Net income: ₫41.8b (up 70% from 2Q 2021). Profit margin: 38% (up from 29% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Jun 11
Can Don Hydro Power Joint Stock Company, Annual General Meeting, Jun 29, 2022 Can Don Hydro Power Joint Stock Company, Annual General Meeting, Jun 29, 2022, at 01:00 Coordinated Universal Time. Location: Thanh Thuy hamlet, Thanh Binh town, Bu Dop district, Binh Phuoc province, Tân Bình Vietnam Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Head of Supervisory Board Long Vu was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 10
Upcoming dividend of ₫1,300 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 30 March 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 10.0%. Within top quartile of Vietnamese dividend payers (5.9%). Higher than average of industry peers (3.1%). Duyuru • Mar 07
Can Don Hydro Power Joint Stock Company Announces Cash Dividend Payment for 2020, Payable on March 30, 2022 Can Don Hydro Power Joint Stock Company announces a record date for cash dividend payment for 2020 as follows: Par value: VND 10,000; Record date: March 18, 2022; Purpose: to make cash dividend payment of 2020. Detailed information: Exercise ratio: 13%/par value (1,300 dongs/share), Payment date: March 30, 2022. Reported Earnings • Feb 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ₫2,305 (up from ₫1,465 in FY 2020). Revenue: ₫425.3b (up 28% from FY 2020). Net income: ₫159.0b (up 57% from FY 2020). Profit margin: 37% (up from 31% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18%, compared to a 14% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS ₫1,071 (vs ₫652 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫153.8b (up 37% from 3Q 2020). Net income: ₫73.9b (up 64% from 3Q 2020). Profit margin: 48% (up from 40% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS ₫356 (vs ₫275 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫83.7b (up 19% from 2Q 2020). Net income: ₫24.6b (up 30% from 2Q 2020). Profit margin: 29% (up from 27% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 24
Revenue and earnings miss expectations Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 51%, compared to a 10% growth forecast for the Renewable Energy industry in Vietnam. Reported Earnings • Jan 24
Full year 2020 earnings released: EPS ₫1,530 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫331.3b (down 22% from FY 2019). Net income: ₫105.6b (down 31% from FY 2019). Profit margin: 32% (down from 36% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 24
Upcoming Dividend of ₫2,100 Per Share Will be paid on the 31st of March to those who are registered shareholders by the 1st of December. The trailing yield of 13% is in the top quartile of Vietnamese dividend payers (8.8%), and it is higher than industry peers (4.8%). Is New 90 Day High Low • Nov 19
New 90-day high: ₫19,700 The company is up 7.0% from its price of ₫18,450 on 21 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 1.0% over the same period. Reported Earnings • Oct 17
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫115.2b, down 6.6% from the prior year. Total revenue was ₫351.0b over the last 12 months, down 12% from the prior year. Is New 90 Day High Low • Oct 02
New 90-day high: ₫18,900 The company is up 9.0% from its price of ₫17,400 on 03 July 2020. The Vietnamese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 6.0% over the same period. 
