TDM.VN Thu Dau Mot Water JSC
- Market cap
- VND 7.16T
- P/E
- 35.9x
- P/B
- 2.34x
- ROE
- 8.2%
- Dividend yield
- 2.15%
- Fundamental score
- 2.3/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is TDM.VN undervalued?
Graham numberTDM.VN trades 93.4% above 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?
Thu Dau Mot Water JSC fundamental analysis
11 of 22 checks passedROE 0/2
Low return on equity (8.2%), below 10%.
ROA 1/1
Return on assets (6.3%) is above the industry median (3.6%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (1.7%) is not above the 5-year average (1.8% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (1.7%) is below the industry median (17.5%).
Revenue Growth 1/2
Revenue grew 1.9% 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 2/2
Low debt to equity (18.3%), 40% or less.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 6.4x against interest expense, well covered.
PE vs Market 0/1
PE (35.9x) is above the market median (11.2x).
PE vs Industry 0/1
PE (35.9x) is above the industry median (11.2x).
PBV 0/1
Price to book (2.3x) is above the industry median (1.2x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 84.1, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 20.15, above 1.
Dividend Yield 1/2
Dividend yield (2.2%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 7 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 73.4%, 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
Thu Dau Mot Water JSC stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Thu Dau Mot Water JSC
Thu Dau Mot Water Joint Stock Company, together with its subsidiaries, engages in producing and supplying treated water in Vietnam. It is also involved in the investment, exploitation, treatment, and supply of clean water for daily life and production; investment and management of drainage systems; construction and repair of water supply and drainage systems; purchase and sale of water supplies, other installation materials, and equipment in construction; construction of hou…
Full company profileThu Dau Mot Water 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.
Thu Dau Mot Water 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 | - | 386B | 417B | 479B | 533B | 544B | 506B | 349B |
| Gross Profit | - | 204B | 207B | 249B | 241B | 258B | 144B | 160B |
| Operating Income | - | 195B | 187B | 231B | 227B | 243B | 129B | 144B |
| EBITDA | - | - | - | 398B | 471B | 376B | 360B | 389B |
| Net Income | - | 173B | 329B | 220B | 283B | 204B | 210B | 254B |
| EPS | - | 1,686 | 3,204 | 2,149 | 2,764 | 1,812 | 1,842 | 2,078 |
| Balance Sheet | ||||||||
| Total Assets | - | 2.38T | 2.41T | 2.40T | 2.60T | 3.02T | 3.40T | 4.05T |
| Total Liabilities | - | 725B | 559B | 364B | 567B | 505B | 811B | 949B |
| Shareholders' Equity | - | 1.66T | 1.85T | 2.04T | 2.04T | 2.52T | 2.58T | 3.10T |
| Cash & Short-term Investments | - | 52.9B | 86.1B | 33.5B | 110B | 264B | 137B | 54.5B |
| Cash Flow | ||||||||
| Operating Cash Flow | 173B | 253B | 345B | 119B | 341B | 523B | 140B | 102B |
| Capital Expenditure | 347B | 87.9B | 57.9B | 13.5B | 139B | 243B | 134B | 159B |
| Free Cash Flow | - | 165B | 288B | 106B | 201B | 280B | 5.80B | -56.9B |
| Ratios | ||||||||
| ROE | - | 10.4% | 17.8% | 10.8% | 13.9% | 8.1% | 8.1% | 8.2% |
| ROA | - | 7.3% | 13.7% | 9.2% | 10.9% | 6.8% | 6.2% | 6.3% |
| Net Profit Margin | - | 44.8% | 78.8% | 46.0% | 53.2% | 37.5% | 41.5% | 72.7% |
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.
Thu Dau Mot Water JSC dividends
- Dividend yield
- 2.15%
- Forward dividend
- 1,267.50 VND
- Payout ratio
- 73.4%
- Ex-dividend date
- Apr 14, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | VND 154B | 1,351 | 73.4% |
| 2024 | VND 140B | 1,241 | 68.5% |
| 2023 | VND 130B | 1,268 | 45.9% |
| 2022 | VND 120B | 1,170 | 54.4% |
| 2021 | VND 120B | 1,170 | 36.5% |
| 2020 | VND 95.7B | 933 | 55.3% |
| 2019 | VND 73.1B | - | - |
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: 462:449 on Jul 15, 2026.
Who owns Thu Dau Mot Water JSC
- Insiders 42.50%
- Institutions 0.20%
- Public & others 57.30%
- Shares outstanding 122M
- Free float 80.0M
Thu Dau Mot Water JSC company profile
- Company name
- Thu Dau Mot Water JSC
- Ticker
- TDM.VN
- ISIN
- VN000000TDM3
- Exchange
- Vietnam Stocks
- Sector
- Utilities
- Industry
- Utilities - Regulated Water
- Employees
- 25
- Fiscal year end
- December
- Address
- No. 11B Ngo Van Tri Street, Thu Dau Mot, Vietnam
- Phone
- 84 274 384 2255
- Website
- tdmwater.vn
About Thu Dau Mot Water JSC
Thu Dau Mot Water Joint Stock Company, together with its subsidiaries, engages in producing and supplying treated water in Vietnam. It is also involved in the investment, exploitation, treatment, and supply of clean water for daily life and production; investment and management of drainage systems; construction and repair of water supply and drainage systems; purchase and sale of water supplies, other installation materials, and equipment in construction; construction of houses, medium and low voltage lines, substations, public lighting systems, medium and low voltage lines, substations, and public lighting systems; installation of other construction systems; and other specialized construction activities. In addition, the company provides architectural design, civil, and industrial structures services; design of water supply and drainage, electricity for civil and industrial works, and small and medium-sized irrigation works; supervision of the construction and completion of civil, industrial, and technical infrastructure works; estimation of cost estimates and work construction investment projects; environmental consulting services; and water quality and environmental analysis and assessment services. Thu Dau Mot Water Joint Stock Company was incorporated in 2013 and is headquartered in Thu Dau Mot, Vietnam.
Thu Dau Mot Water JSC management
6- Mr. Hung The TranGeneral Director & Member of Executive Board
- Mr. Tan Van NguyenDeputy General Director & Member of Executive Board
- Mr. Duc Minh NguyenDeputy General Director & Member of Executive Board
- Mr. Khang Duy NguyenChief Accountant
- Ms. Nguyen Phuoc NguyenHead of Admin Dept.
- Ms. Thu Anh DuongSecretary of the Board of Directors