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PetroVietnam Power Nhon Trach 2 JSC

PetroVietnam Power Nhon Trach 2 JSC

HHOSE:NT2
24,350.00
VND
0.00
(0.00%)
4,517.16EPS
5.09P/E
6.58TMarket Cap
Mar 03Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
24,799.4
23,622.34
28,023.76
23,525.89
26,642.47
26,586.76
21,128.01
21,361.92
30,525.96
22,182.76
20,646.66
27,644.61
32,042.74
Basic EPS, GAAP
5,584.63
4,007.45
3,810.46
2,819.9
2,637.69
2,540.46
2,095.5
1,756.43
2,959.74
1,545.55
190.17
3,828.5
4,493.29
Free Cash Flow per Basic Share
5,336.16
7,323.53
7,308.09
6,182.97
5,274.44
6,642.73
4,241.84
3,721.88
4,800.51
2,963.73
1,820.75
3,452.98
4,394.39
Dividend per Share
- -
2,453.19
2,767.73
3,095.39
6,285.77
899.29
2,497.52
1,998.73
1,648.04
2,498.07
699.78
1,498.75
683.48
Book Value per Share
14,751.78
16,738.67
17,230.07
17,499.62
12,795.35
14,335.82
14,928.43
14,706.24
16,027.18
15,061.52
14,551.68
16,880.19
18,708.96
Tangible Book Value per Share
14,647.07
16,636.04
17,133.12
17,408.34
12,709.91
14,254.32
14,852.24
14,630.71
15,952.14
14,986.47
14,475.08
16,804.29
18,629.01
Basic Weighted Avg Shares
285
285
285
287
288
288
288
288
288
288
288
288
295
Sales/Revenue/Turnover
7,064,917
6,729,438
7,983,298
6,761,130
7,669,729
7,653,692
6,082,248
6,149,584
8,787,691
6,385,885
5,943,679
7,958,220
9,444,784
Operating Margin (%)
21.45
21.31
15.41
17.96
11.44
10.76
12.25
9.21
10.81
6.91
-0.5
14.61
15.05
Depreciation Expense
838,694
691,853
694,373
692,729
694,043
690,278
692,646
690,464
688,838
687,213
687,070
556,351
288,813
Net Income, GAAP
1,590,963
1,141,628
1,085,508
810,413
759,326
731,339
603,244
505,635
852,038
444,927
54,744
1,102,135
1,324,422
Effective Tax Rate (%)
- -
5.01
5.46
5.04
5.06
5.42
5.73
5.66
6.32
7.89
20.26
10.86
15.04
Profit Margin (%)
22.52
16.96
13.6
11.99
9.9
9.56
9.92
8.22
9.7
6.97
0.92
13.85
14.02
Working Capital
391,398
957,593
1,006,621
817,042
-725,061
-527,750
-197,527
190,553
1,725,880
654,926
1,265,045
3,619,501
4,155,838
LT Debt
5,855,706
4,811,732
3,697,297
2,631,620
1,558,084
492,334
- -
- -
- -
- -
- -
- -
- -
Total Equity
4,246,684
4,768,458
4,908,434
4,985,222
3,683,476
4,126,939
4,297,537
4,233,574
4,613,842
4,335,849
4,189,080
4,859,401
5,385,862
Return on Invested Capital (%)
- -
10.31
10.48
8.63
9.66
11.19
11.06
10.69
17.86
8.61
0.47
18.95
21.17
Return on Capital (%)
- -
12.08
12.16
10.08
11.2
12.91
11.58
11.03
17.89
8.83
1.54
19.65
22.33
Return on Common Equity (%)
- -
25.33
22.44
16.38
17.52
18.73
14.32
11.85
19.26
9.94
1.28
24.36
28.23

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,762,306
1,342,743
1,661,112
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
288
288
288
Market Capitalization
7,009,781
7,945,378
6,577,967

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,033,412
8,413,359
9,554,377
Cash, Cash Equivalents & STI
3,779,795
4,273,062
4,726,770
Accounts Receivable, Net
3,770,172
3,642,498
4,410,078
Inventories
354,104
351,230
350,570
Total Current Liabilities
4,413,910
4,549,471
5,398,539
Payables & Accruals
- -
- -
- -
ST Debt
1,762,306
1,342,743
1,661,112
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.86%
2.81%
16%
Free Cash Flow
-1.01%
5.91%
89.65%
Net Income, GAAP
177.23%
366.02%
1,913.25%
Sales/Revenue/Turnover
3.97%
8.73%
33.89%
Total Cash Common Dividend
27.73%
11.25%
114.18%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
261,907
2,186,073
1,711,760
1,783,938
5,943,679
2025
1,426,706
2,081,258
- -
2,367,323
7,958,220
2026
2,171,658
2,824,545
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-549.4
424
154
259.01
190.17
2025
103.96
1,060
- -
1,442
3,828.5
2026
600.75
1,387
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
699.25
0.27
0.18
0.08
699.78
2025
799
0.18
- -
687.58
1,498.75
2026
0.25
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Nhan Duc Ngo
Full Time Employees
170
Sector
Utilities
Industry
Electric utilities
Address
Dong Nai Vietnam
IPO Date
Jun 2, 2015
Website
pvpnt2.vn
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Business
PetroVietnam Power Nhon Trach 2 Joint Stock Company is an independent power producer primarily engaged in the generation, transmission, and wholesale distribution of thermal electricity in Vietnam. Founded in 2007 and headquartered in Nhon Trach District, Dong Nai Province, Vietnam, the company operates as a subsidiary of PetroVietnam Power Corporation (PV Power) within the state-owned Vietnam Oil and Gas Group (Petrovietnam). The company owns, manages, and operates the Nhon Trach 2 Combined Cycle Gas Turbine (CCGT) Power Plant, which has an installed capacity of 750 megawatts and generates approximately 4.5 billion kilowatt-hours of electricity annually for off-take by Vietnam Electricity (EVN). The company offers a systematic range of products and technical services, including the commercial production and wholesale supply of grid-connected gas-fired thermal electricity; ancillary electrical system support and frequency stabilization services; wholesale distribution and trading of solid, liquid, and gaseous fuels; operation, overhaul, and preventative maintenance services for thermal power plants and associated infrastructure; technical consultancy, supervision, and engineering project management for power utility works; and industrial support solutions comprising waterway and road transport logistics, warehousing services, and industrial property leasing. In recent corporate and operational developments, the company entered into a major long-term service contract with a consortium of Siemens Energy Global GmbH & Co. KG and Siemens Energy Vietnam to provide comprehensive maintenance, technical inspections, and overhaul services across the plant's core equipment—including two gas turbines, one steam turbine, and three power generators—for the subsequent 100,000 equivalent operating hours across a 12-year operational framework. In addition, the company has implemented scheduled plant overhauls and efficiency upgrades while adapting its fuel supply coordination and dispatch bidding models to navigate domestic natural gas field allocations, integrate with the Vietnam Wholesale Electricity Market (VWEM), and align operations alongside next-generation liquefied natural gas developments in the Nhon Trach Power Centre.