VSH.VN

Full House

Vinh Son - Song Hinh Hydropower Joint Stock Company · Utilities · Vietnam · $375M cap · $23K/day traded

VND 40,800 +0.0% · close 6 Nov · scored 7 Nov

Full House: Strong business, sensible price, and the market agrees.

98
Score
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Quality
87
Value
60
Momentum
67

As of 7 Nov 2026, the MoatMap Score for Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH.VN) is 98/100, ranked against 25,000+ stocks in 38 markets (Quality 87, Value 60, Momentum 67, each scored against its sector).

Does the score work? Each tenth of the ranking, tracked monthly. See the record →

P/E (TTM)
11.4x
peers 11.9x
ROE
17.2%
peers 12.5%
D/E
0.5x
peers 0.3x
Dividend %
2.5%
trailing yield

ABOUT VINH SON - SONG HINH HYDROPOWER JOINT STOCK COMPANY

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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,...

FINANCIAL SUMMARY (VND)

Year2022202320242025CAGRTTM
Revenue3.1T2.6T1.8T2.3T-9.3%2.2T
EPS (VND)5,3204,1841,8983,651-11.8%3,569
Shares236.2M236.2M236.2M236.2M0.0%236.2M
Debt4.0T3.7T3.4T2.7T-12.6%2.4T
Equity5.0T4.6T4.7T4.9T-0.5%—
Op CF1.5T1.1T1.6T1.4T-2.2%1.5T
Inv CF-150.1B-40.2B-9.1B-349.0B——
Fin CF-1.3T-1.0T-1.3T-1.4T——
PRICE (1Y) · VND-0.7%
40,50040,75041,00041,25041,50028 Sep19 Oct6 Nov
SMA 50SMA 200
Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsVery calm

Calmer than 99% of stocks we rank over the past year (volatility 7% a year).

How this is worked out

The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
VND 40,800
RSI (14)
44.7
52-Week Range-5.0% from high
Low VND 39,168.75High VND 42,951.28

SCORE BREAKDOWN

Quality
87
ROIC
14.7%91.2
ROE
17.2%89.7
GP/Assets
14.6%79.7
Op. Margin
42.6%91.9
FCF/Assets
17.1%98.3
Piotroski
998.8
Int. Cover
6.0x70.3
D/E Ratio
0.49x71.7
Current Ratio
2.38x85.4
Value
60
P/E (TTM)
11.4x71.8
EV/EBITDA
6.6x83.3
P/FCF
6.9x74.3
P/B
2.0x31.2
P/S
4.3x16.6
Div Yield
2.5%33.0
Momentum
67
52W High %
95%86.5
RS 6M
7%75.9
SMA 50/200
1.00x64.1
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
—N/A
Q Growth
-43%19.5

FUNDAMENTALS

Market Cap
$375M
P/E (Forward)
—
Gross Margin
53.4%

SECTOR PEERS

Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of VSH.VN are excluded.

TickerCompanyMkt CapScore
VSH.VNVinh Son - Song Hinh Hydropower Joint Stock Company(you)$375M98
NT2.VNPetroVietnam Power Nhon Trach 2 Joint Stock Company$253M99
CHP.VNCentral Hydropower Joint Stock Company$159M99
PPC.VNPha Lai Thermal Power Joint Stock Company$109M85
POW.VNPetroVietnam Power Corporation - JSC$1.5B84
GEG.VNGia Lai Electricity Joint Stock Company$171M64
TDM.VNThu Dau Mot Water Joint Stock Company$281M32

Peer medians: ROE 12.5% · P/E 11.9x · Gross margin 21.6%

Company Deep Dive

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Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH.VN): Stock Score Summary

Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH.VN) has a MoatMap Score of 98/100 based on Quality (87/100), Value (60/100), and Momentum (67/100) factor scores.

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,...

Key Financial Metrics

PriceVND 40,800
Market Cap$375M
P/E (TTM)11.41
Price/Book1.99
Return on Equity17.2%
Return on Invested Capital14.7%
Debt/Equity0.49x
Gross Margin53.4%
Operating Margin42.6%
Revenue Growth-24.6%
Dividend Yield2.5%
Free Cash Flow$55M

Vinh Son - Song Hinh Hydropower Joint Stock Company operates in the Utilities - Regulated Electric industry, part of the Utilities sector (Vietnam).

Frequently Asked Questions

What is Vinh Son - Song Hinh Hydropower Joint Stock Company’s (VSH.VN) MoatMap Score?
The MoatMap Score for Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH.VN) is 98/100. It is a composite of Quality (87), Value (60), and Momentum (67), each scored against its sector. The composite is then ranked across MoatMap’s universe of 25,000+ stocks.
Does Vinh Son - Song Hinh Hydropower Joint Stock Company have an economic moat?
Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH.VN) has a Quality factor score of 87/100. Quality blends several measures of profitability and financial strength, led by gross profit to assets, return on invested capital and free cash flow to assets. A high score describes the financial record a durable advantage tends to leave; it does not prove a moat.
What sector is Vinh Son - Song Hinh Hydropower Joint Stock Company in?
Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH.VN) operates in the Utilities sector, specifically the Utilities - Regulated Electric industry (Vietnam).