Vcp.Hno
VCP.HNO generates revenue primarily through electricity production and distribution, operating as an independent power producer in the utilities sector.
Business. VCP.HNO generates revenue primarily through electricity production and distribution, operating as an independent power producer in the utilities sector.
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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
VCP.HNO generates revenue primarily through electricity production and distribution, operating as an independent power producer in the utilities sector.
VCP.HNO maintains a capital structure with a debt-to-equity ratio of 1.62, indicating a moderate reliance on debt financing. The company holds cash and equivalents of 640.3 billion VND, but its long-term debt of 3,486.95 billion VND results in a net cash position that is negative after subtracting total debt. Free cash flow of 608.64 billion VND supports operational flexibility, while a current ratio of 2.3 suggests adequate short-term liquidity.
Profitability metrics show a return on equity of 20.56% and a return on assets of 6.99%, both exceeding the typical thresholds for the Independent Power Producers industry. The company's operating income of 546.89 billion VND and net income of 441.46 billion VND reflect strong earnings performance relative to its asset base.
Geographic and segment exposure is not explicitly detailed in the available data, but the company's revenue concentration is inferred to be within the domestic market, as no international operations are disclosed. The absence of segment-specific revenue breakdowns limits visibility into diversification strategies.
Growth trajectory is supported by a robust free cash flow and a positive operating cash flow of 342.66 billion VND. Analysts project a mean revenue estimate of 2.095 trillion VND for the upcoming period, slightly below the last actual revenue of 2.287 trillion VND. This suggests a potential slowdown in revenue growth, though the company's strong cash flow position provides a buffer.
Risk factors include a medium liquidity risk due to the high debt-to-equity ratio and the negative net cash position. The dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding. However, the company's capital expenditure of -84.14 billion VND indicates ongoing investment in infrastructure, which could affect future liquidity.
Recent events include consistent revenue and earnings performance, with the last actual EPS of 5,269.00 VND outperforming the mean EPS estimate of 3.51 VND. The company's financial health is further supported by a strong operating income and net income, reflecting efficient cost management and operational efficiency.
- VCP.HNO demonstrates strong profitability with a return on equity of 20.56%.
- The company's debt-to-equity ratio of 1.62 indicates a moderate reliance on debt financing.
- Free cash flow of 608.64 billion VND supports operational flexibility and potential for growth.
- Analysts project a mean revenue estimate of 2.095 trillion VND, slightly below the last actual revenue.
- The company's liquidity risk is assessed as medium, with a current ratio of 2.3.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3,51 |
| Revenue | —no estimate | —no estimate | 2,10T VND |
| Operating income | —no estimate | —no estimate | 5,5B VND |
Options
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Earnings-call key lines
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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- 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
- VCP.HNO Market data — financials · 2026-05-29
- VCP Power & Construction JSC Market data — analyst estimates · 2026-05-29