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Thac Ba Hydropower Joint Stock Company (TBC), formerly Thac Ba Hydropower Plant - is the first hydropower plant in Vietnam, established in 1971. The main business of the company is the production and supply of electricity with the only customer is Vietnam Electricity Corporation and is one of the seven hydropower plants of EVN. The capacity of the Plant is 120 MW (the Company's capacity accounts for about 2.9% of EVN's total generating capacity, and 1.05% of the country's total generating capacity). The company's power output accounts for about 0.5% of the whole market. Currently, the Company has completed the overhaul, restoration and installation of DCS systems for units 01 and 02 to ensure the safe and stable operation of the units for the next 30-40 years. On October 19, 2009, TBC officially traded on the Ho Chi Minh City Stock Exchange (hose).
TBC currently has a market capitalization of roughly VND 2.013 billion, placing it in the mid-cap group on the Vietnamese stock market. Its current P/E of 9x is 23% below its own 8-year average (11,7x), suggesting the stock is trading cheaper than its historical norm. P/B stands at 1,7x, 9% below its multi-year average of 1,9x. Return on equity (ROE) is at 15,4%, up from 13,5% the year before. Its debt-to-equity ratio of 0,1x is low, reflecting a conservative capital structure. In 2025, revenue grew 4% year-on-year while after-tax profit grew 12%.
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.