
Ba Ria Thermal Power Joint Stock Company (BTP) with coal money is Ba Ria Power Plant established in 1992. In 1995, the Plant was transformed into a member unit of the Electricity of Vietnam Corporation. Ba Ria Thermal Power Plant switched to independent financial accounting on July 1, 2005. On December 29, 2006, Ba Ria Thermal Power Company completed the equitization and officially converted to a joint stock company with the new name of Ba Ria Thermal Power Joint Stock Company. BTP currently manages and operates 10 generating units with a total capacity of 389 MW. BTP has been officially listed on the Ho Chi Minh Stock Exchange (hose) since 2009.
BTP currently has a market capitalization of roughly VND 471 billion, placing it in the small-cap group on the Vietnamese stock market. Its current P/E of 7,2x is 35% below its own 8-year average (11,2x), suggesting the stock is trading cheaper than its historical norm. P/B stands at 0,4x, 35% below its multi-year average of 0,7x. Return on equity (ROE) is at 6%, up from 4% the year before. Its debt-to-equity ratio of 0,1x is low, reflecting a conservative capital structure. In 2025, revenue fell 26% year-on-year while after-tax profit fell 1%.
This note is generated automatically from the stock's real financial data, for reference only — not investment advice.
Unit: VND billion. Growth (%) vs. previous period.
Unit: VND billion. Year-end values; current year uses latest session.
Unit: x. Financial debt over shareholders' equity.
Data aggregated from cafef.vn and VNDirect, for reference only, not investment advice.