
Su Pan 2 Hydropower Joint Stock Company (SP2) was established on December 23, 2005. SP2 specializes in construction of small and medium-sized hydropower projects, production and trading of commercial electricity. On January 8, 2013, the Company completed the investment in the construction of 03 units of Su Pan 2 Hydropower Plant with a designed capacity of 34.5 MW with a total investment value of 1,237 billion VND. The average annual commercial power output is about 140 million KWh. SP2 has been traded on the UPCOM market since 2016.
SP2 currently has a market capitalization of roughly VND 495 billion, placing it in the small-cap group on the Vietnamese stock market. Its current P/E of 8x is 23% below its own 8-year average (10,4x), suggesting the stock is trading cheaper than its historical norm. P/B stands at 2,1x, 49% below its multi-year average of 4,2x. Return on equity (ROE) is at 33%, down from 42,1% the year before. Its debt-to-equity ratio of 0,5x is low, reflecting a conservative capital structure. In 2025, revenue fell 2% year-on-year while after-tax profit grew 10%.
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.