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Can Don Hydro Power Joint Stock Company (SJD) Fair Value & Analysis

Utilities · VN · Market cap 966B VND

CD Can Don Hydro Power Joint Stock Company SJD · VN
Price14,000 VND
Fair Value33,293 VND
Upside+137.8%
Quality78/100
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Healthy Growth
Highly profitable · 37.0% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Wide moat 77/100
Evidence: High Range 24,809 VND – 44,697 VND Share as image

Fair value as of: Jul 13, 2026

From 23 valuation models · updated 28 days ago

A strong business, screening 138% undervalued on our models.

What matters now

  • The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (24,809 VND). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (24,809 VND to 44,697 VND) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

17,261 VND 11,146 VND Fair Value 33,293 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 11,146 VND – 17,261 VND · fair‑value band 24,809 VND – 44,697 VND · the 14,000 VND price screens below the 33,293 VND fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Can Don Hydro Power Joint Stock Company (SJD) currently trades at 14,000 VND, while our model-based Fair Value estimate is 33,293 VND, implying the stock looks roughly 137.8% undervalued today. The Quality Score stands at 78/100 (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, Can Don Hydro Power Joint Stock Company generated revenue of 460B VND at a net margin of 37.0%. Revenue grew 20.2% year over year. It earns a return on equity of 16.2%. Net debt stands at 44.5B VND. Fundamentals as of Jul 13, 2026

Our scenario range runs from 24,809 VND (bear case) to 44,697 VND (bull case); at 14,000 VND, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 138%, SJD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 25,116 VND 35,876 VND 51,359 VND 80
Residual Income 16,059 VND 21,041 VND 61,459 VND 76
Rev-Margin DCF 15,646 VND 22,163 VND 29,267 VND 74
All 23 models by family
DCF Models
FCF DCF 24,314 VND 35,795 VND 53,030 VND 38
Owner Earnings 32,161 VND 47,396 VND 70,264 VND 31
5Y Revenue Exit 15,646 VND 21,809 VND 29,225 VND 39
5Y EBITDA Exit 23,202 VND 35,257 VND 48,669 VND 41
5Y P/E Exit 26,611 VND 41,324 VND 55,981 VND 38
10Y Revenue Exit 18,214 VND 24,393 VND 31,766 VND 36
10Y EBITDA Exit 23,388 VND 33,696 VND 46,272 VND 37
10Y P/E Exit 25,568 VND 37,893 VND 51,728 VND 35
Earnings-Based
Graham-Dodd 15,830 VND 37,239 VND 47,932 VND 54
PEG = 1.0 6,404 VND 9,149 VND 11,893 VND 46
EPV 23,362 VND 27,431 VND 31,047 VND 59
Multiples
P/E Multiple 31,427 VND 41,903 VND 52,379 VND 63
P/S Multiple 12,212 VND 16,283 VND 20,353 VND 58
P/B Multiple 20,573 VND 27,431 VND 34,289 VND 55
EV/EBIT 32,480 VND 43,205 VND 53,930 VND 53
EV/EBITDA 25,758 VND 34,243 VND 42,727 VND 54
EV/Revenue 11,703 VND 16,587 VND 21,472 VND 43
Asset-Based
NCAV (Graham) 7,620 VND 10,210 VND 15,240 VND 50
Growth DCF
Growth DCF 25,116 VND 35,876 VND 51,359 VND 80
Rev-Margin DCF 15,646 VND 22,163 VND 29,267 VND 74
Economic Profit
Residual Income 16,059 VND 21,041 VND 61,459 VND 76
ROIC Compounder 24,327 VND 30,288 VND 37,083 VND 72
Growth Earnings
Growth-Adj P/E 24,068 VND 34,382 VND 44,697 VND 68

Widest divergence: DCF Models (35,257 VND) versus Asset-Based (10,210 VND). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 460B VND
Revenue growth (YoY) +20.2%
Net margin 37.0%
Return on equity 16.2%
Free cash flow 147B VND FY2025
P/E ratio 5.7
More key figures
Operating margin 41.5%
EPS (TTM) 2,469 VND
EPS growth (YoY) +84.3%
Net debt 44.5B VND FY2023

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 74 · Market factors (momentum, volatility) 51

Profitability 56
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Can Don Hydro Power Joint Stock Company produces and trades in electricity in Vietnam. It also engages in the transmission and distribution of electricity. The company was incorporated in 2004 and is based in Bu Dop, Vietnam.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Can Don Hydro Power Joint Stock Company reported revenue of 449B VND in FY2025 versus 425B VND in FY2021, a compound +1.4%/yr. Reported net income was 161B VND in FY2025, compounding +0.1%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
449B VND
Latest YoY
+6.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.3%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.9%
Revenue +1.4%/yr
FY21 425B VND
FY22 455B VND
FY23 431B VND
FY24 423B VND
FY25 449B VND
Net income +0.1%/yr
FY21 160B VND
FY22 154B VND
FY23 130B VND
FY24 142B VND
FY25 161B VND

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Cite: Fair Value Calculator (2026). "Can Don Hydro Power Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/SJD

Peer Group

Utilities - Regulated Electric · 154 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 78 · Top 25%
Fair Value upside +138% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 42% · Top 25%
Revenue growth 20% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.18× · Lower than 75% of peers

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 5.7× · Cheaper than 75% of peers
P/B 0.92× · Cheaper than median
P/S (TTM) 2.10× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.9× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 7
FUTURE 100 · sector 32
PAST 65 · sector 39
HEALTH 91 · sector 54
DIVIDEND 0 · sector 56

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

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Frequently asked questions

Is Can Don Hydro Power Joint Stock Company (SJD) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 33,293 VND versus a price of 14,000 VND, about +138% (undervalued).
What is the fair value of SJD?
Our model-based fair value for Can Don Hydro Power Joint Stock Company is 33,293 VND (as of Jul 13, 2026), built from audited fundamentals. The current price is 14,000 VND.
What is the quality score of SJD?
Can Don Hydro Power Joint Stock Company has a Quality Score of 78/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Can Don Hydro Power Joint Stock Company (SJD)?
Can Don Hydro Power Joint Stock Company reported trailing-twelve-month revenue of about 460B VND (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SJD?
The net profit margin of Can Don Hydro Power Joint Stock Company is about 37.0%, meaning it keeps roughly 37.0% 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.

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