Petrovietnam Power Corp
Petrovietnam Power Corp operates as an independent power producer, generating revenue through electricity production and sales, with classification data indicating a primary focus on utilities despite sectoral labeling discrepancies.
Business. Petrovietnam Power Corp (POW.HM) is classified within the Investment Management & Fund Operators industry, primarily engaged in asset management and custody services. The company operates on a fee-income revenue model, with key performance indicators including total assets under management, organic net flows, and average fee rates. Specific details regarding operating segments, headquarters location, and primary exchange listings are not provided in the available data.
Analyst recommendations
6 analysts · consensus BuyAt a glance
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- 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
Petrovietnam Power Corp (POW.HM) is classified within the Investment Management & Fund Operators industry, primarily engaged in asset management and custody services. The company operates on a fee-income revenue model, with key performance indicators including total assets under management, organic net flows, and average fee rates. Specific details regarding operating segments, headquarters location, and primary exchange listings are not provided in the available data.
Petrovietnam Power Corp maintains a capital structure characterized by significant leverage, with total liabilities of 54.4 trillion VND against total equity of 34.2 trillion VND. The debt-to-equity ratio stands at 0.84, indicating a moderate reliance on debt financing. Long-term debt comprises 28.9 trillion VND, while cash and equivalents total 5.7 trillion VND, resulting in a net cash position that is negative after subtracting total debt. The current ratio of 1.17 suggests adequate short-term liquidity to cover immediate obligations, though the medium liquidity risk flag warrants monitoring of cash flow stability.
Profitability metrics reflect a capital-intensive business model, with a return on equity of 7.09% and a return on assets of 2.74%. The company generated a net income of 2.43 trillion VND on revenues of 34.3 trillion VND, yielding a net margin of approximately 7.1%. Operating income of 3.23 trillion VND demonstrates operational efficiency, while gross profit of 4.48 trillion VND indicates the cost structure inherent in power generation. These returns are consistent with the utility sector's typical profile, where high asset bases moderate asset turnover and equity returns.
- The company operates with a debt-to-equity ratio of 0.84, reflecting moderate leverage typical of capital-intensive utility businesses.
- Net income of 2.43 trillion VND on 34.3 trillion VND in revenue demonstrates a stable profit margin of approximately 7.1%.
- Analyst consensus is positive, with a mean recommendation of 2.00 and a mean price target of 16,101.67 VND.
- Liquidity risk is rated as medium, driven by a negative net cash position after accounting for total debt.
- Dilution risk is low, indicating that equity issuance is not a significant factor in the company's capital structure.
- The absence of historical growth data limits the ability to assess long-term revenue trends, requiring reliance on current operational metrics.
Bull / Bear case
Generated · model-assistedNet income surged 118.3% year-over-year to 2.4 trillion VND in FY2026, demonstrating strong profitability recovery.
Analysts project 18.4% upside to a mean price target of 16,102 VND, reflecting positive market sentiment.
Return on equity of 7.1% exceeds the cohort median of 4.2%, indicating superior capital efficiency.
Revenue grew 13.2% year-over-year to 34.3 trillion VND in FY2026, showing consistent top-line expansion.
Free cash flow turned positive to 456 billion VND in FY2026, reversing previous years of negative cash generation.
Long-term debt ballooned to 22.7 trillion VND in FY2025, signaling significant leverage and credit risk.
Debt-to-equity ratio of 0.84 ranks in the bottom quartile of the cohort, highlighting excessive leverage.
The company faces high credit risk and medium liquidity risk, posing potential financial stability challenges.
In focus — financials by report
Revenue VND 34.31T, +13,2% YoY; Operating income +266,4% YoY.
- ▍Revenue VND 34.31T, +13,2% YoY
- ▍Operating income +266,4% YoY
- ▍Net income +118,3% YoY
- ▍Free cash flow +107,7% YoY
- ▍Net margin 7.1%
Revenue VND 30.31T, +7,0% YoY; Operating income −31,8% YoY.
- ▍Revenue VND 30.31T, +7,0% YoY
- ▍Operating income −31,8% YoY
- ▍Net income +7,0% YoY
- ▍Free cash flow −128,0% YoY
- ▍Net margin 3.7%
Revenue VND 28.33T, +0,4% YoY; Operating income −53,0% YoY.
- ▍Revenue VND 28.33T, +0,4% YoY
- ▍Operating income −53,0% YoY
- ▍Net income −49,6% YoY
- ▍Free cash flow −200,9% YoY
- ▍Net margin 3.7%
Revenue VND 28.22T, +14,9% YoY; Operating income +11,9% YoY.
- ▍Revenue VND 28.22T, +14,9% YoY
- ▍Operating income +11,9% YoY
- ▍Net income +14,6% YoY
- ▍Free cash flow −33,9% YoY
- ▍Net margin 7.3%
Revenue VND 24.56T; Operating income VND 2.46T.
- ▍Revenue VND 24.56T
- ▍Operating income VND 2.46T
- ▍Net margin 7.3%
Valuation FY
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 815,25 |
| Revenue | —no estimate | —no estimate | 49,70T VND |
| Operating income | —no estimate | —no estimate | 4,35T VND |
Options
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Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Petrovietnam Power Corp Market data — financials · 2026-07-07
- Petrovietnam Power Corp Market data — analyst estimates · 2026-07-07
- Power Corporation of Canada — company reference export (2026-07-05) · 2026-07-07