Central Hydropower JSC (CHP) - Net Assets
Based on the latest financial reports, Central Hydropower JSC (CHP) has net assets worth ₫2.04 Trillion VND (≈ $77.56 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫2.50 Trillion ≈ $94.86 Million USD) and total liabilities (₫455.39 Billion ≈ $17.30 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Central Hydropower JSC tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.04 Trillion |
| % of Total Assets | 81.76% |
| Annual Growth Rate | 3.01% |
| 5-Year Change | 11.3% |
| 10-Year Change | N/A |
| Growth Volatility | 3.62 |
Central Hydropower JSC - Net Assets Trend (2019–2025)
This chart illustrates how Central Hydropower JSC's net assets have evolved over time, based on quarterly financial data. See CHP defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Central Hydropower JSC (2019–2025)
The table below shows the annual net assets of Central Hydropower JSC from 2019 to 2025. For live valuation and market cap data, see CHP company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.11 Trillion ≈ $80.10 Million |
+6.05% |
| 2024-12-31 | ₫1.99 Trillion ≈ $75.53 Million |
+2.55% |
| 2023-12-31 | ₫1.94 Trillion ≈ $73.65 Million |
-2.94% |
| 2022-12-31 | ₫2.00 Trillion ≈ $75.88 Million |
+5.44% |
| 2021-12-31 | ₫1.89 Trillion ≈ $71.97 Million |
+0.02% |
| 2020-12-31 | ₫1.89 Trillion ≈ $71.96 Million |
+7.35% |
| 2019-12-31 | ₫1.76 Trillion ≈ $67.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Central Hydropower JSC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 40.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫531.73 Billion | 25.22% |
| Other Components | ₫1.58 Trillion | 74.78% |
| Total Equity | ₫2.11 Trillion | 100.00% |
Central Hydropower JSC Competitors by Market Cap
The table below lists competitors of Central Hydropower JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
A Paradise Acquisition Corp.
NYSE:APAD
|
$165.42 Million |
|
Oriola-KD Oyj B
HE:OKDBV
|
$165.45 Million |
|
Nice Information & Telecommunication Inc
KQ:036800
|
$165.47 Million |
|
La Finca Global Assets SOCIMI S.A.
MC:YLFG
|
$165.54 Million |
|
Samaiden Group Bhd
KLSE:0223
|
$165.32 Million |
|
Kiler Gayrimenkul Yatirim Ortakligi AS
IS:KLGYO
|
$165.28 Million |
|
Korro Bio, Inc.
NASDAQ:KRRO
|
$165.28 Million |
|
Megaforce Co Ltd
TWO:3294
|
$165.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Central Hydropower JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,987,895,836,165 to 2,108,154,352,226, a change of 120,258,516,061 (6.0%).
- Net income of 458,324,072,971 contributed positively to equity growth.
- Dividend payments of 321,415,118,500 reduced retained earnings.
- Share repurchases of 171,687,310 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫458.32 Billion | +21.74% |
| Dividends Paid | ₫321.42 Billion | -15.25% |
| Share Repurchases | ₫171.69 Million | -0.01% |
| Other Changes | ₫-16.48 Billion | -0.78% |
| Total Change | ₫- | 6.05% |
Book Value vs Market Value Analysis
This analysis compares Central Hydropower JSC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.30x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫12008.64 | ₫27600.00 | x |
| 2020-12-31 | ₫12891.07 | ₫27600.00 | x |
| 2021-12-31 | ₫12893.33 | ₫27600.00 | x |
| 2022-12-31 | ₫13594.32 | ₫27600.00 | x |
| 2023-12-31 | ₫12295.56 | ₫27600.00 | x |
| 2024-12-31 | ₫12608.75 | ₫27600.00 | x |
| 2025-12-31 | ₫13371.52 | ₫27600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Central Hydropower JSC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.88%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.24x
- Recent ROE (21.74%) is above the historical average (17.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.25% | 30.28% | 0.20x | 2.05x | ₫39.63 Billion |
| 2020 | 14.70% | 33.52% | 0.24x | 1.87x | ₫88.99 Billion |
| 2021 | 12.78% | 30.74% | 0.24x | 1.73x | ₫52.66 Billion |
| 2022 | 25.55% | 46.37% | 0.34x | 1.63x | ₫310.58 Billion |
| 2023 | 17.38% | 38.23% | 0.30x | 1.53x | ₫143.10 Billion |
| 2024 | 15.78% | 38.54% | 0.30x | 1.36x | ₫114.98 Billion |
| 2025 | 21.74% | 45.88% | 0.38x | 1.24x | ₫247.51 Billion |
Industry Comparison
This section compares Central Hydropower JSC's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $4,749,624,189,814
- Average return on equity (ROE) among peers: 14.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Central Hydropower JSC (CHP) | ₫2.04 Trillion | 12.25% | 0.22x | $165.33 Million |
| Ba Ria Thermal Power JSC (BTP) | $1.23 Trillion | 14.86% | 0.63x | $19.05 Million |
| PetroVietnam Power Nhon Trach 2 JSC (NT2) | $4.86 Trillion | 22.68% | 0.91x | $251.56 Million |
| Power Generation Corp 3 (PGV) | $15.77 Trillion | 6.75% | 2.73x | $1.01 Billion |
| Can Don Hydro Power JSC (SJD) | $1.10 Trillion | 14.04% | 0.31x | $36.96 Million |
| Viet Nam Power Development JSC (VPD) | $1.53 Trillion | 18.53% | 0.31x | $88.28 Million |
| Vinh Son Song Hinh Hydropower JSC (VSH) | $4.01 Trillion | 9.66% | 1.50x | $383.26 Million |
About Central Hydropower JSC
Central Hydropower Joint Stock Company produces, transmits, and distributes electricity in Vietnam. The company invests in construction of hydropower projects, solar power plants, and wind energy facilities; and constructs electricity transmission lines, transformer stations, solar and wind power works. It is also involved in afforestation and other forestry activities, and propagation of forest … Read more