Thac BA Hydropower JSC (STC:TBC) Intrinsic Value: Projected FCF: ₫53,404.08 (As of Sep. 21, 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STC:TBC Thac BA Hydropower JSC STC:TBC
64 GF Score
Price ₫32,500.00
GF Value ₫40,075.56
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Thac BA Hydropower JSC Intrinsic Value: Projected FCF?

Thac BA Hydropower JSC STC:TBC +3.01% 64 Intrinsic Value: Projected FCF is ₫53,404.08 as of Sep. 21, 2026. GuruFocus rates STC:TBC with a GF Score™ of 64/100 and a GF Value™ of ₫40,075.56 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 240 Utilities - Independent Power Producers companies, Thac BA Hydropower JSC ranks better than 60% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-21), Thac BA Hydropower JSC's Intrinsic Value: Projected FCF is ₫53,404.08. The stock price of Thac BA Hydropower JSC is ₫32500.00. Therefore, Thac BA Hydropower JSC's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for Thac BA Hydropower JSC's Intrinsic Value: Projected FCF or its related term are showing as below:

STC:TBC' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.59   Med: 0.86   Max: 1.26
Current: 0.61

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Thac BA Hydropower JSC was 1.26. The lowest was 0.59. And the median was 0.86.

STC:TBC's Price-to-Projected-FCF is ranked better than
60% of 240 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.76 vs STC:TBC: 0.61

Thac BA Hydropower JSC  (STC:TBC) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Thac BA Hydropower JSC's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=32500.00/44289.545780674
=0.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Thac BA Hydropower JSC Intrinsic Value: Projected FCF Related Terms


Thac BA Hydropower JSC Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Thac BA Hydropower JSC's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thac BA Hydropower JSC Intrinsic Value: Projected FCF Chart

Thac BA Hydropower JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44,215.80 55,800.24 49,030.94 48,087.11 48,156.66

Thac BA Hydropower JSC Semi-Annual Data
Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44,102.44 46,310.20 45,970.11 45,954.82 58,335.84

STC:TBC vs CEG, VST, NRG: Intrinsic Value: Projected FCF Comparison

For the Utilities - Independent Power Producers subindustry, Thac BA Hydropower JSC's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thac BA Hydropower JSC Price-to-Projected-FCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Thac BA Hydropower JSC's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Thac BA Hydropower JSC's Price-to-Projected-FCF falls into.


STC:TBC
64GF Score
Thac BA Hydropower JSC STC:TBC
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thac BA Hydropower JSC Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Thac BA Hydropower JSC's Free Cash Flow(6 year avg) = ₫173,165.59.

Thac BA Hydropower JSC's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(10.844211261935*173165.59048571+1168177.388185*0.8)/63.5
=44,289.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of ₫53,404.08 mean?
Thac BA Hydropower JSC (STC:TBC) has a Intrinsic Value: Projected FCF of ₫53,404.08 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Thac BA Hydropower JSC and its competitors. According to the industry distribution chart, Thac BA Hydropower JSC ranks #96 out of 240 companies in the Utilities - Independent Power Producers industry, placing it in the top 40%.
Is Thac BA Hydropower JSC's Intrinsic Value: Projected FCF too high?
Thac BA Hydropower JSC's current Intrinsic Value: Projected FCF is ₫53,404.08. Based on the distribution chart, Thac BA Hydropower JSC ranks #96 out of 240 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Thac BA Hydropower JSC has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thac BA Hydropower JSC's Intrinsic Value: Projected FCF compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Thac BA Hydropower JSC ranks #96 out of 240 companies for Intrinsic Value: Projected FCF. This puts Thac BA Hydropower JSC in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.76. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Utilities - Independent Power Producers company?
The median Intrinsic Value: Projected FCF among Utilities - Independent Power Producers companies is 0.76, based on 240 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Thac BA Hydropower JSC and its competitors. For the Utilities - Independent Power Producers industry, the median Intrinsic Value: Projected FCF is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thac BA Hydropower JSC's current Intrinsic Value: Projected FCF is ₫53,404.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thac BA Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Thac BA Hydropower JSC (STC:TBC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫40,075.56, compared to a current price of ₫32,500.00 — trading 18.9% below its estimated fair value. The current Intrinsic Value: Projected FCF is ₫53,404.08. Thac BA Hydropower JSC's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Thac BA Hydropower JSC (STC:TBC), the current Intrinsic Value: Projected FCF is ₫53,404.08 as of Sep. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thac BA Hydropower JSC (STC:TBC) Overvalued in 2026?

Based on GuruFocus' analysis, Thac BA Hydropower JSC stock appears to be undervalued. The current stock price of ₫32,500.00 is trading 18.9% below its estimated GF Value™ of ₫40,075.56. GuruFocus considers Thac BA Hydropower JSC to be Modestly Undervalued.

Key valuation signals for STC:TBC:

  • Intrinsic Value: Projected FCF: ₫53,404.08
  • GF Value™: ₫40,075.56 vs. price of ₫32,500.00 (18.9% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the STC:TBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thac BA Hydropower JSC Business Description

Address Hamlet 1, Thac Ba Commune, Lao Cai Province, Yen Bai, VNM
Thac BA Hydropower JSC is a Vietnam-based company involved in producing and trading electricity. It is also involved in the management, operation, repair, maintenance, overhaul, and renovation of hydraulic works, architectural works, equipment of hydropower plants, and transformer stations. The other business activities of the organization are Testing and adjusting electrical equipment; Purchase and sale, import and export of materials and equipment; Consultancy of construction investment projects, construction investment management, supervision and supervision of construction and installation of electricity projects; Investing in power and grid projects; Fostering, training on management, operation, maintenance and repair of power plant equipment; and Business travel services.
64GF Score

Get the complete analysis for STC:TBC

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫32,500.00
Price
₫40,075.56
GF Value