A Vuong Hydropower JSC
A Vuong Hydropower JSC generates and distributes electricity through hydropower facilities, primarily earning revenue from power generation and sale under long-term contracts.
Business. A Vuong Hydropower JSC (AVC.HNO) is a Vietnamese independent power producer operating within the utilities sector. The company specializes in the generation and supply of hydropower energy. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
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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
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Synthesis
A Vuong Hydropower JSC (AVC.HNO) is a Vietnamese independent power producer operating within the utilities sector. The company specializes in the generation and supply of hydropower energy. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
A Vuong Hydropower JSC maintains a strong liquidity position, with a current ratio of 1.08 and cash and equivalents amounting to VND 50 billion. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating a conservative capital structure with no leverage. Despite this, the company reported a negative free cash flow of VND -135.8 billion, primarily due to capital expenditures of VND -7.9 billion.
The company's profitability is modest, with a return on equity of 1.36% and a return on assets of 1.0%. These figures are below the typical performance of Independent Power Producers, which often exhibit higher returns due to stable cash flows from regulated contracts. The operating margin is 12.0%, calculated from operating income of VND 16.97 billion on revenue of VND 141.23 billion.
The company operates as a single business segment, with all revenue derived from hydropower generation and sale. There is no geographic diversification disclosed, and the company is entirely focused on domestic operations. This concentration increases exposure to local regulatory and economic conditions.
The company's growth trajectory is constrained, with no significant revenue growth expected in the near term. The outlook for the current fiscal year shows a flat revenue trend, and the next fiscal year is projected to follow a similar pattern. The capital expenditure of VND -7.9 billion suggests ongoing maintenance and minor expansion, but no major growth initiatives are evident.
Risk factors for the company are minimal, with low liquidity and dilution risk. No immediate filing-based liquidity or dilution flags were detected. The company has not issued new shares recently, and there is no indication of dilution pressure in the near term. However, the negative free cash flow may limit the company's ability to fund future growth without external financing.
Recent filings and transcripts do not indicate any material events or strategic shifts. The company continues to operate under its existing business model, with no disclosed changes in management or operational strategy.
- A Vuong Hydropower JSC has a conservative capital structure with no long-term debt and a current ratio of 1.08.
- The company's return on equity and return on assets are below industry norms, indicating modest profitability.
- All revenue is derived from a single business segment focused on hydropower generation and sale.
- Growth is limited, with flat revenue outlooks and minimal capital expenditures.
- The company faces low liquidity and dilution risk, with no immediate flags detected.
Bull / Bear case
Generated · model-assistedFree cash flow surged 155.9% year-over-year to 137 billion VND, demonstrating strong cash generation capabilities.
The company maintains a zero debt-to-equity ratio, ranking in the top quartile for financial leverage among peers.
Cash conversion of 23.7% is best-in-class, significantly outperforming the cohort median of 1.83%.
Operating margin of 12.0% remains stable despite revenue fluctuations, indicating consistent operational efficiency over the period.
Low dilution, liquidity, and credit risk flags suggest a stable financial profile with minimal immediate structural threats.
Net income CAGR of -5.1% over four years highlights a persistent long-term decline in earnings.
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- No immediate filing-based liquidity or dilution flags were detected.
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- A Vuong Hydropower JSC Market data — financials · 2026-05-27