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Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH) Fair Value & Analysis

Utilities · VN · Market cap 10.0T VND

VS Vinh Son - Song Hinh Hydropower Joint Stock Company VSH · VN
Price42,600 VND
Fair Value73,028 VND
Upside+71.4%
Quality95/100
Evidence: High Range 54,771 VND – 132,654 VND

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 135,956 VND to 73,028 VND (−46.3%) since Jun 23, 2026. Share price −1.3% over the past month.

Price vs Fair Value (12 months)

46,554 VND 40,590 VND Fair Value 73,028 VND Jun 2025 Jun 2026

12‑month range 40,590 VND – 46,554 VND · fair‑value band 54,771 VND – 132,654 VND · the 42,600 VND price screens below the 73,028 VND fair value. As of Jun 24, 2026.

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Analysis

Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH) currently trades at 42,600 VND, while our model-based Fair Value estimate is 73,028 VND — implying the stock looks roughly 71.4% undervalued today. We read business quality at 95/100 (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, Vinh Son - Song Hinh Hydropower Joint Stock Company generated revenue of 2.3T VND at a net margin of 37.5%. Revenue declined 1.0% year over year. It earns a return on equity of 17.8%. Net debt stands at 2.6T VND. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 2.3T VND
Revenue growth (YoY) -1.0%
Net margin 37.5%
Return on equity 17.8%
Free cash flow 1.4T VND FY2025
P/E ratio 11.6
More key figures
Operating margin 55.1%
EPS (TTM) 3,659 VND
Dividend yield 7.0%
EPS growth (YoY) +0.6%
Net debt 2.6T VND FY2025

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

About the company

Vinh Son - Song Hinh Hydropower Joint Stock Company provides electricity services in Vietnam. It also involved in the project management consultancy and construction supervision of energy projects; and provides consulting, design, and construction of monitoring systems for energy, construction, traffic, irrigation and environmental works; testing, calibrating, and inspecting the technical safety of electrical equipment and tools; trades materials and equipment in the field of hydropower; real estate business; electricity business; manages, operates, and maintains services for power plants; installs electrical systems for energy, industrial, and civil engineering projects; installs water supply, drainage, heating and air conditioning systems; installs, maintains, and repairs non-electrical equipment in energy projects, buildings, and other construction works; road construction; and vocational training, fostering, training knowledge, specialized skills in electricity and labor safety.…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vinh Son - Song Hinh Hydropower Joint Stock Company reported revenue of 2.3T VND in FY2025 versus 1.6T VND in FY2021, a compound +9.4%/yr. Reported net income was 863B VND in FY2025, compounding +22.2%/yr from FY2021.

Revenue +9.4%/yr
FY21 1.6T VND
FY22 3.1T VND
FY23 2.6T VND
FY24 1.8T VND
FY25 2.3T VND
Net income +22.2%/yr
FY21 387B VND
FY22 1.3T VND
FY23 994B VND
FY24 448B VND
FY25 863B 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 $85.12 $32.94 -61%
The Southern Company SO $93.43 $58.74 -37%
Duke Energy Corporation DUK $123.52 $96.52 -22%
National Grid plc NGG 61,175 ARS 43,418 ARS -29%
American Electric Power Company A1EP34 R$332.16 R$185.87 -44%
Dominion Energy, Inc D $66.77 $48.26 -28%

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Frequently asked questions

Is Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 73,028 VND versus a price of 42,600 VND — about +71% (undervalued). Model-based estimate, not financial advice.
What is the fair value of VSH?
Our 21-model fair value for Vinh Son - Song Hinh Hydropower Joint Stock Company is 73,028 VND (as of Jun 24, 2026), built from audited fundamentals. The current price is 42,600 VND.
What is the quality score of VSH?
Vinh Son - Song Hinh Hydropower Joint Stock Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH)?
Vinh Son - Song Hinh Hydropower Joint Stock Company reported trailing-twelve-month revenue of about 2.3T VND (latest available figure, as of Jun 24, 2026).
What is the net profit margin of VSH?
The net profit margin of Vinh Son - Song Hinh Hydropower Joint Stock Company is about 37.5%, meaning it keeps roughly 37.5% of revenue as net income. Based on the latest reported figures.
Does Vinh Son - Song Hinh Hydropower Joint Stock Company pay a dividend?
Vinh Son - Song Hinh Hydropower Joint Stock Company currently shows a dividend yield of about 7.01% relative to its recent price (as of Jun 24, 2026).

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.