Thac Mo Hydropower JSC
Thac Mo Hydro Power Joint Stock Company generates and supplies hydro power in Vietnam. It is also involved in the management, operation, maintenance, repair, renovation, and installation of electrical equipment; hydraulic works and power plant architectural structures; investment and construction of power source projects; and construction of transmission lines and substations. The company was for… Read more
Thac Mo Hydropower JSC (TMP) - Net Assets
Latest net assets as of December 2025: ₫1.69 Trillion VND
Based on the latest financial reports, Thac Mo Hydropower JSC (TMP) has net assets worth ₫1.69 Trillion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫2.25 Trillion) and total liabilities (₫556.00 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.69 Trillion |
| % of Total Assets | 75.27% |
| Annual Growth Rate | 2.02% |
| 5-Year Change | 20.7% |
| 10-Year Change | N/A |
| Growth Volatility | 10.35 |
Thac Mo Hydropower JSC - Net Assets Trend (2019–2025)
This chart illustrates how Thac Mo Hydropower JSC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thac Mo Hydropower JSC (2019–2025)
The table below shows the annual net assets of Thac Mo Hydropower JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.69 Trillion | +9.88% |
| 2024-12-31 | ₫1.54 Trillion | -2.96% |
| 2023-12-31 | ₫1.59 Trillion | -5.99% |
| 2022-12-31 | ₫1.69 Trillion | +20.41% |
| 2021-12-31 | ₫1.40 Trillion | -10.30% |
| 2020-12-31 | ₫1.56 Trillion | +4.11% |
| 2019-12-31 | ₫1.50 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thac Mo 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 decreased by 34.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫454.54 Billion | 27.48% |
| Other Components | ₫1.20 Trillion | 72.52% |
| Total Equity | ₫1.65 Trillion | 100.00% |
Thac Mo Hydropower JSC Competitors by Market Cap
The table below lists competitors of Thac Mo Hydropower JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Savanna Capital Corp.
V:SAC-P
|
$21.41K |
|
Ha Long Canned Food JSC
VN:CAN
|
$21.42K |
|
EZTC3F
SA:EZTC3F
|
$21.43K |
|
EALT4F
SA:EALT4F
|
$21.44K |
|
NESTLE NIGERIA PLC
XNSA:NESTLE
|
$21.40K |
|
Datable Technology Corporation
PINK:TTMZF
|
$21.39K |
|
PGE POL GR ENERG
MU:6PG
|
$21.38K |
|
Arçelik Anonim Sirketi
PINK:ACKAF
|
$21.37K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thac Mo Hydropower JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,501,843,027,767 to 1,654,321,445,550, a change of 152,478,417,783 (10.2%).
- Net income of 316,156,852,583 contributed positively to equity growth.
- Dividend payments of 159,591,802,600 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫316.16 Billion | +19.11% |
| Dividends Paid | ₫159.59 Billion | -9.65% |
| Other Changes | ₫-4.09 Billion | -0.25% |
| Total Change | ₫- | 10.15% |
Book Value vs Market Value Analysis
This analysis compares Thac Mo 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: 2.44x
- 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 2.78x to 2.44x 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 | ₫20760.34 | ₫57700.00 | x |
| 2020-12-31 | ₫21691.81 | ₫57700.00 | x |
| 2021-12-31 | ₫19390.71 | ₫57700.00 | x |
| 2022-12-31 | ₫23502.47 | ₫57700.00 | x |
| 2023-12-31 | ₫22106.25 | ₫57700.00 | x |
| 2024-12-31 | ₫21454.90 | ₫57700.00 | x |
| 2025-12-31 | ₫23633.16 | ₫57700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thac Mo 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): 19.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.97%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.36x
- Recent ROE (19.11%) is below the historical average (24.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 25.81% | 55.74% | 0.38x | 1.22x | ₫229.74 Billion |
| 2020 | 11.76% | 40.28% | 0.22x | 1.33x | ₫26.68 Billion |
| 2021 | 26.02% | 47.20% | 0.38x | 1.47x | ₫217.48 Billion |
| 2022 | 34.85% | 53.57% | 0.47x | 1.39x | ₫408.84 Billion |
| 2023 | 29.40% | 53.27% | 0.40x | 1.39x | ₫300.24 Billion |
| 2024 | 23.33% | 45.88% | 0.38x | 1.35x | ₫200.17 Billion |
| 2025 | 19.11% | 41.97% | 0.34x | 1.36x | ₫150.72 Billion |
Industry Comparison
This section compares Thac Mo Hydropower JSC's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $20,777,242,962,600
- Average return on equity (ROE) among peers: 5.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thac Mo Hydropower JSC (TMP) | ₫1.69 Trillion | 25.81% | 0.33x | $21.41K |
| Petrovietnam Power Corp (POW) | $37.08 Trillion | 6.31% | 1.39x | $174.98 Million |
| Pha Lai Thermal Power JSC (PPC) | $4.47 Trillion | 3.80% | 0.17x | $107.35 Million |