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Power Generation Joint Stock Corporation (PGV) Fair Value & Analysis

Utilities · VN · Market cap 26.6T VND

PG Power Generation Joint Stock Corporation PGV · VN
Price23,400 VND
Fair Value40,160 VND
Upside+71.6%
Quality94/100
Evidence: High Range 25,055 VND – 68,412 VND

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Share price +1.5% over the past month.

Price vs Fair Value (12 months)

27,559 VND 18,840 VND Fair Value 40,160 VND Jun 2025 Jun 2026

12‑month range 18,840 VND – 27,559 VND · fair‑value band 25,055 VND – 68,412 VND · the 23,400 VND price screens below the 40,160 VND fair value. As of Jun 24, 2026.

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Analysis

Power Generation Joint Stock Corporation (PGV) currently trades at 23,400 VND, while our model-based Fair Value estimate is 40,160 VND — implying the stock looks roughly 71.6% undervalued today. We read business quality at 94/100 (high quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Power Generation Joint Stock Corporation generated revenue of 43.6T VND at a net margin of 8.5%. Revenue grew 12.5% year over year. It earns a return on equity of 23.0%. Net debt stands at 25.2T VND. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 43.6T VND
Revenue growth (YoY) +12.5%
Net margin 8.5%
Return on equity 23.0%
Free cash flow 2.1T VND FY2025
P/E ratio 6.1
More key figures
Operating margin 25.4%
EPS (TTM) 3,874 VND
EPS growth (YoY) -66.4%
Net debt 25.2T VND FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Power Generation Joint Stock Corporation 3, together with its subsidiaries, engages in electricity production, electrical mechanics, and investment and capital management businesses in Vietnam. The company generates and trades in electricity from natural gas, coal dust, thermal, solar, and hydro power plants in Vietnam. It is also involved in management, operation, repair, maintenance, overhaul, testing, adjustment, renovation, and upgrading of electrical, mechanical, control and automation equipment in electricity production lines and electrical works; management, operation, repair, and exploitation of seaports; and provision of electrical experiments, electrical mechanics, training and development of human resources, maintenance and repair of power plant equipment, project management consulting, construction investment project planning consulting, bidding consulting, and estimating services. In addition, the company provides consulting, verification, and supervision of constructio…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Power Generation Joint Stock Corporation reported revenue of 43.6T VND in FY2025 versus 37.8T VND in FY2021, a compound +3.6%/yr. Reported net income was 3.7T VND in FY2025, compounding +4.3%/yr from FY2021.

Revenue +3.6%/yr
FY21 37.8T VND
FY22 47.2T VND
FY23 45.9T VND
FY24 40.7T VND
FY25 43.6T VND
Net income +4.3%/yr
FY21 3.1T VND
FY22 2.5T VND
FY23 1.1T VND
FY24 −878B VND
FY25 3.7T VND

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Similar stocks

6 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $85.84 $29.63 -65%
The Southern Company SO $93.43 $58.74 -37%
Duke Energy Corporation DUK $125.04 $67.29 -46%
National Grid plc NGG 61,175 ARS 43,169 ARS -29%
American Electric Power Company A1EP34 R$324.00 R$48.73 -85%
Dominion Energy, Inc D $66.50 $48.26 -27%

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Frequently asked questions

Is Power Generation Joint Stock Corporation (PGV) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 40,160 VND versus a price of 23,400 VND — about +72% (undervalued). Model-based estimate, not financial advice.
What is the fair value of PGV?
Our 21-model fair value for Power Generation Joint Stock Corporation is 40,160 VND (as of Jun 24, 2026), built from audited fundamentals. The current price is 23,400 VND.
What is the quality score of PGV?
Power Generation Joint Stock Corporation has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Power Generation Joint Stock Corporation (PGV)?
Power Generation Joint Stock Corporation reported trailing-twelve-month revenue of about 43.6T VND (latest available figure, as of Jun 24, 2026).
What is the net profit margin of PGV?
The net profit margin of Power Generation Joint Stock Corporation is about 8.5%, meaning it keeps roughly 8.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.