BWE.VN Binh Duong Water Environment JSC
- Market cap
- VND 9.45T
- P/E
- 9.0x
- P/B
- 1.29x
- ROE
- 16.5%
- Dividend yield
- 3.15%
- Fundamental score
- 2.9/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is BWE.VN undervalued?
Graham numberBWE.VN trades 28.2% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Binh Duong Water Environment JSC fundamental analysis
15 of 22 checks passedROE 1/2
Moderate return on equity (16.5%), between 10% and 20%.
ROA 1/1
Return on assets (7.3%) is above the industry median (3.6%).
Profit Consistency 2/2
Profitable for 7 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (55.1%) is above the 5-year average (9.6% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (55.1%) is above the industry median (17.5%).
Revenue Growth 1/2
Revenue grew 9.3% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 0/1
Current assets do not cover long-term liabilities.
Debt to Equity 0/2
Debt to equity cannot be calculated: debt is not reported or equity is negative.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Debt is not reported.
Interest Coverage 0/1
EBIT is 4.1x against interest expense, below 5x.
PE vs Market 1/1
PE (8.8x) is below the market median (11.2x).
PE vs Industry 1/1
PE (8.8x) is below the industry median (11.2x).
PBV 0/1
Price to book (1.3x) is above the industry median (1.2x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 11.2, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.93, growth is cheap.
Dividend Yield 1/2
Dividend yield (3.1%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 30.0%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Binh Duong Water Environment JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Binh Duong Water Environment JSC
Binh Duong Water - Environment Corporation - Joint Stock Company engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam. It is involved in the production and supply of clean water; waste collection treatment; and wastewater collection and treatment. The company was formerly known as Binh Duong Water - Environment Joint Stock Company. Binh Duong Water - Environment Corporation - Joint Stock Company was fo…
Full company profileBinh Duong Water Environment JSC financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Binh Duong Water Environment JSC annual financial statements (VND; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 2.55T | 3.03T | 3.12T | 3.48T | 3.53T | 3.96T | 4.54T | 4.70T |
| Gross Profit | 1.03T | 1.24T | 1.31T | 1.42T | 1.56T | 1.69T | 1.96T | 2.17T |
| Operating Income | 640B | 722B | 939B | 938B | 980B | 1.05T | 1.26T | 1.49T |
| EBITDA | 1.11T | 1.22T | 1.50T | 1.49T | 1.65T | 1.72T | 2.21T | 2.55T |
| Net Income | 476B | 535B | 749B | 743B | 674B | 639B | 991B | 1.26T |
| EPS | 3,175 | 2,855 | 3,880 | 3,851 | 3,496 | 2,905 | 4,506 | 5,608 |
| Balance Sheet | ||||||||
| Total Assets | 6.21T | 8.25T | 9.07T | 9.99T | 12.1T | 14.2T | 15.2T | 17.2T |
| Total Liabilities | 4.01T | 4.84T | 5.15T | 5.45T | 7.16T | 8.69T | 8.86T | 9.19T |
| Shareholders' Equity | 2.20T | 3.38T | 3.88T | 4.49T | 4.80T | 5.34T | 5.98T | 7.66T |
| Cash & Short-term Investments | 74.7B | 728B | 476B | 275B | 655B | 1.01T | 1.06T | 1.70T |
| Cash Flow | ||||||||
| Operating Cash Flow | 463B | 1.15T | 892B | 1.35T | 890B | 745B | 1.09T | 1.66T |
| Capital Expenditure | 668B | 1.73T | 770B | 874B | 600B | 639B | 1.43T | 1.70T |
| Free Cash Flow | -205B | -582B | 122B | 478B | 291B | 106B | -341B | -36.1B |
| Ratios | ||||||||
| ROE | 21.7% | 15.9% | 19.3% | 16.5% | 14.0% | 12.0% | 16.6% | 16.5% |
| ROA | 7.7% | 6.5% | 8.2% | 7.4% | 5.6% | 4.5% | 6.5% | 7.3% |
| Net Profit Margin | 18.7% | 17.7% | 24.0% | 21.3% | 19.1% | 16.1% | 21.8% | 26.8% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Binh Duong Water Environment JSC dividends
- Dividend yield
- 3.15%
- Forward dividend
- 1,271.11 VND
- Payout ratio
- 30.0%
- Ex-dividend date
- Feb 3, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 297B | 1,353 | 30.0% |
| 2024 | VND 9.65B | 44 | 1.5% |
| 2023 | VND 256B | 1,327 | 38.0% |
| 2022 | VND 236B | 1,225 | 31.8% |
| 2021 | VND 225B | 1,166 | 30.1% |
| 2020 | VND 150B | 800 | 28.0% |
| 2019 | VND 105B | 700 | 22.0% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 114:100 on May 17, 2024.
Who owns Binh Duong Water Environment JSC
- Insiders 77.33%
- Institutions 0.92%
- Public & others 21.75%
- Shares outstanding 225M
- Free float 1.89M
Binh Duong Water Environment JSC company profile
- Company name
- Binh Duong Water Environment JSC
- Ticker
- BWE.VN
- ISIN
- VN000000BWE8
- Exchange
- Vietnam Stocks
- Sector
- Industrials
- Industry
- Waste Management
- Employees
- 2,515
- Fiscal year end
- December
- Address
- No. 11, Ngo Van Tri Street, Thu Dau Mot, Vietnam, 72000
- Phone
- 84 274 3 838 333
- Website
- biwase.com.vn
About Binh Duong Water Environment JSC
Binh Duong Water - Environment Corporation - Joint Stock Company engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam. It is involved in the production and supply of clean water; waste collection treatment; and wastewater collection and treatment. The company was formerly known as Binh Duong Water - Environment Joint Stock Company. Binh Duong Water - Environment Corporation - Joint Stock Company was founded in 1975 and is headquartered in Thu Dau Mot, Vietnam.
Binh Duong Water Environment JSC management
8- Mr. Cong Chien TranVice President of the Board, General Director & Member of Management Board
- Mr. Lui Van NgoDeputy General Manager & Member of Management Board
- Mr. Son Houng DuongDeputy General Director, Member of the Board & Member of Management Board
- Mr. Hao Song MaiDeputy General Manager & Member of Management Board
- Mr. Hung Thanh PhamDeputy CEO
- Ms. Thanh Thi Ngoc NguyenVice General Director & CFO
- Ms. Thuong Thi Mong NguyenChief Accountant
- Mr. Thuong Huu Ngoc DoanVice General Director