Song Ba Ha Hydro Power JSC
Song Ba Ha Hydro Power JSC generates and distributes electricity through hydroelectric power plants in Vietnam.
Business. Song Ba Ha Hydro Power JSC (SBH.HNO) is an independent power producer operating within the utilities sector. The company is listed on the Ho Chi Minh Stock Exchange under the ticker SBH.HNO. Specific details regarding its operating segments and geographic presence are not available.
Analyst recommendations
5 analysts · consensus HoldAt a glance
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The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Company
- EarningsFY 2026 earnings (expected)2026-11-09 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Song Ba Ha Hydro Power JSC (SBH.HNO) is an independent power producer operating within the utilities sector. The company is listed on the Ho Chi Minh Stock Exchange under the ticker SBH.HNO. Specific details regarding its operating segments and geographic presence are not available.
Song Ba Ha Hydro Power JSC maintains a strong liquidity position with a current ratio of 7.33, indicating ample short-term assets to cover liabilities. The company has no long-term debt and holds VND 25 billion in cash and equivalents, supporting operational flexibility and capital allocation. Free cash flow of VND 427.2 billion and operating cash flow of VND 368.1 billion further reinforce its liquidity profile.
The company's profitability is robust, with a return on equity of 27.05% and return on assets of 24.41%, both exceeding typical thresholds for the Independent Power Producers industry. Gross profit of VND 700.5 billion and operating income of VND 675.4 billion reflect efficient cost management and pricing power.
Song Ba Ha Hydro Power JSC operates as a single-segment entity focused on hydroelectric power generation in Vietnam. Revenue is entirely concentrated within the domestic market, exposing the company to regulatory and macroeconomic risks specific to Vietnam.
The company's growth trajectory is supported by strong free cash flow generation and minimal capital expenditure of VND 8.2 billion. While no near-term revenue growth is forecasted, the company's stable cash flow and low debt position provide a foundation for long-term reinvestment.
Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The absence of long-term debt and low dilution potential further reduce financial risk exposure.
Recent filings and transcripts show no material events affecting the company's operations or financial position. The company continues to operate within its established business model without significant changes in strategy or capital structure.
- Strong liquidity with a current ratio of 7.33 and no long-term debt.
- High profitability with ROE of 27.05% and ROA of 24.41%.
- Revenue and operations are entirely concentrated in Vietnam.
- Minimal capital expenditure and no near-term dilution risk.
- No material recent events affecting operations or financial position.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
- FY2026 — next full year (forecast) · projected off FY2025 close, as of 2025-09-30 · conf —2,1BFORECAST
- FY2026 — next full year (forecast) · projected off FY2025 close, as of 2025-09-30 · conf —1,6BFORECAST
- FY2024 — reported · conf —2,1BREPORTED
- FY2025 — reported · conf —2,1BREPORTED
- FY2025 — reported · conf —1,6BREPORTED
- FY2024 — reported · conf —1,6BREPORTED
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Former SVP & CFO · Employee Stock Option (Right to Buy) → Common StockDisposed 11 747 @ $11,78exercise · 2026-06-08
- Former SVP & CFO · Employee Stock Option (Right to Buy) → Common StockDisposed 31 024 @ $9,09exercise · 2026-06-08
- SVP & CFO · Restricted Stock Units → Common StockAcquired 98 280grant · 2026-05-13
- Director · Restricted Stock Units → Common StockDisposed 8 045exercise · 2026-04-21
- Director · Restricted Stock Units → Common StockDisposed 12 458exercise · 2026-04-21
- Director · Restricted Stock Units → Common StockDisposed 15 470exercise · 2026-04-21
- Director · Restricted Stock Units → Common StockDisposed 14 532exercise · 2026-04-21
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockDisposed 14 532exercise · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockDisposed 14 532exercise · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockDisposed 14 532exercise · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- Director · Restricted Stock Units → Common StockDisposed 14 532exercise · 2026-01-22
- Director · Restricted Stock Units → Common StockAcquired 9 975grant · 2026-01-22
- SVP, CLO and CHRO · Restricted Stock Units (1), (5) → Common StockDisposed 2 950exercise · 2025-11-15
- SVP, CLO and CHRO · Restricted Stock Units (1), (5) → Common StockDisposed 3 885exercise · 2025-11-15
- President Beauty Systems Group · Restricted Stock Units → Common StockDisposed 12 607exercise · 2025-11-15
- President Beauty Systems Group · Restricted Stock Units (1) → Common StockDisposed 17 667exercise · 2025-11-15
- President Beauty Systems Group · Restricted Stock Units (1) → Common StockDisposed 10 383exercise · 2025-11-15
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Song Ba Ha Hydro Power JSC Market data — financials · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,03 %$42M
- Investment Managers · as of 2026-03-310,02 %$39M
- Investment Managers · as of 2026-03-310,02 %$53M
- Investment Managers · as of 2026-03-310,02 %$81M
- Investment Managers · as of 2026-03-310,01 %$15M
- Investment Managers · as of 2026-03-310,01 %$50M
- Investment Managers · as of 2026-03-310,01 %$34M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2024-06-300,00 %$175M
- Investment Managers · as of 2024-12-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$4M
- Institutional Investor · as of 2026-03-310,00 %$50M
- Funds · as of 2026-03-310,00 %$16M
- Investment Managers · as of 2025-12-310,00 %$162M
- Investment Managers · as of 2026-03-310,00 %$35M
- Investment Managers · as of 2026-03-310,00 %$61M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$15M
- Investment Managers · as of 2026-03-310,00 %$10M
- Institutional Investor · as of 2026-03-310,00 %$9M
- Institutional Investor · as of 2026-03-310,00 %$7M
- Brokerage Firms · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$23M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Denise A. PaulonisPresident, Chief Executive Officer, Director
Insider activity
- Former SVP & CFO · Common StockOther 11 747 @ $11,78$138K · 2026-06-08
- Former SVP & CFO · Common StockSold 42 771 @ $12,70$543K · 2026-06-08
- Former SVP & CFO · Common StockOther 31 024 @ $9,09$282K · 2026-06-08
- Director · Common StockOther 50 505 · 2026-04-21
- Director · Common StockOther 14 532 · 2026-01-22
- Director · Common StockOther 14 532 · 2026-01-22
- Director · Common StockOther 14 532 · 2026-01-22
- Director · Common StockOther 14 532 · 2026-01-22
- GVP, CONTROLLER & CAO · Common StockSold 5 900 @ $15,71$93K · 2025-12-11
- SVP, CLO and CHRO · Common StockSold 15 000 @ $16,27$244K · 2025-12-01
- SVP & CFO · Common StockOther 77 496 · 2025-11-15
- Director, President & CEO · Common StockOther 361 697 · 2025-11-15
- SVP & CFO · Common StockOther 29 087 @ $14,18$412K · 2025-11-15
- GVP, CONTROLLER & CAO · Common StockOther 16 782 · 2025-11-15
- GVP, CONTROLLER & CAO · Common StockOther 6 272 @ $14,18$89K · 2025-11-15
- SVP, CLO and CHRO · Common StockOther 48 138 · 2025-11-15
- SVP, CLO and CHRO · Common StockOther 17 984 @ $14,18$255K · 2025-11-15
- President Beauty Systems Group · Common StockOther 66 007 · 2025-11-15
- President Beauty Systems Group · Common StockOther 24 657 @ $14,18$350K · 2025-11-15
- Director, President & CEO · Common StockOther 153 547 @ $14,18$2,2M · 2025-11-15
- SVP & President Sally Beauty · Common StockOther 66 007 · 2025-11-15
- SVP & President Sally Beauty · Common StockOther 24 657 @ $14,18$350K · 2025-11-15
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -10.3%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 49.0%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.46xDerived (calculated)
- Current ratio (FY 2025-12-31): 2.37xDerived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -1.3%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 5.2%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 25.4%Derived (calculated)
- Shareholders' equity (annual): USD 823.57MSEC XBRL filing
- Cash & equivalents (annual): USD 157.19MSEC XBRL filing
- Long-term debt (annual): USD 855MSEC XBRL filing
- Shares outstanding (annual): 97.49MSEC XBRL filing
- Current assets (annual): USD 1.29BSEC XBRL filing
- Total liabilities (annual): USD 2.03BSEC XBRL filing
- Total assets (annual): USD 2.85BSEC XBRL filing
- Current liabilities (annual): USD 542.17MSEC XBRL filing
- Revenue (YoY) (2025-09-30 vs 2024-09-30): -0.4%Derived (calculated)
- Capex (YoY) (2025-09-30 vs 2024-09-30): 1.0%Derived (calculated)
- Net margin (FY 2025-09-30): 5.3%Derived (calculated)
- Gross margin (FY 2025-09-30): 51.6%Derived (calculated)
- Operating income (YoY) (2025-09-30 vs 2024-09-30): 15.9%Derived (calculated)
- Operating cash flow (YoY) (2025-09-30 vs 2024-09-30): 11.5%Derived (calculated)
- Net income (YoY) (2025-09-30 vs 2024-09-30): 27.7%Derived (calculated)
- Gross profit (YoY) (2025-09-30 vs 2024-09-30): 1.1%Derived (calculated)
- EPS (diluted) (YoY) (2025-09-30 vs 2024-09-30): 32.2%Derived (calculated)