Binh Duong Water Environment JSC (BWE) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Binh Duong Water Environment JSC stock VND 79,540, price VND 40,500, upside +96.4%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 27,425 VND – 50,209 VND · fair‑value band 55,678 VND – 103,403 VND · the 40,500 VND price screens below the 79,540 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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.
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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.
Stock analysis
Binh Duong Water Environment JSC (BWE) currently trades at 40,500 VND, while our model-based Fair Value estimate is 79,540 VND, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 79,540 VND per share, and 8 of the 16 models we run sit above the 40,500 VND price.
Bear case: the Dividend Discount group reads lowest at 12,099 VND, and 8 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 55,678 VND (bear) to 103,403 VND (bull), the price of 40,500 VND sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Binh Duong Water Environment JSC reported revenue of 4.5T VND in FY2025 versus 3.1T VND in FY2021, a compound +9.9%/yr. Reported net income was 991B VND in FY2025, compounding +7.3%/yr from FY2021.
Key figures
Market cap 8.9T VND (≈ $347M) Small · P/E ratio 9.8 · P/S ratio 1.96 · EPS (TTM) 4,150 VND · Dividend yield 3.2% · Net margin 23.7% · Return on equity 18.4% · Return on assets (EBIT) 8.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 96%, BWE screens cheaper than that median.
Fair Value models
Bear55,678 VNDFair Value 79,540 VNDBull103,403 VND
Price 40,500 VND · Upside +96.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2,483 VND per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
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What shareholders gained per year (last 5 years), in VND ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.3%
Dividend (yield on the price)3.2%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 28%
Compare Binh Duong Water Environment JSC with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Waste Management · 167 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+96.4% · Top 25%
Profitability
Return on equity (12 months)18.4% · Top 25%
Return on assets6.5% · Top 25%
Net margin (12 months)23.7% · Top 25%
Operating margin (12 months)31.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−7.8% · Bottom 25%
Dividend yield (12 months)3.2% · Above median
Balance sheet
Debt / equity0.85× · Highest 25%
Valuation Multiplesvs Waste Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Binh Duong Water Environment JSC Fair Value". https://www.fairvalue-calculator.com/stock/BWE.VN
Frequently asked questions
Is Binh Duong Water Environment JSC (BWE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 79,540 VND versus a price of 40,500 VND, about +96% upside (undervalued).
What is the fair value of BWE?
Our model-based fair value for Binh Duong Water Environment JSC is 79,540 VND (as of Nov 8, 2026), built from audited fundamentals. The current price: 40,500 VND.
What is the quality score of BWE?
Binh Duong Water Environment JSC has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Binh Duong Water Environment JSC (BWE)?
Our model-based price target is the fair value of 79,540 VND (as of Nov 8, 2026) from 16 valuation models. Cautious scenario 55,678 VND, optimistic scenario 103,403 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Binh Duong Water Environment JSC stock forecast for 2026?
Our models put fair value at 79,540 VND, about +96% upside versus a price of 40,500 VND (undervalued). Cautious scenario 55,678 VND, optimistic scenario 103,403 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Binh Duong Water Environment JSC (BWE)?
Binh Duong Water Environment JSC reported trailing-twelve-month revenue of about 4.6T VND (latest available figure, as of Nov 8, 2026).
Does Binh Duong Water Environment JSC pay a dividend?
Binh Duong Water Environment JSC currently shows a dividend yield of 3.21% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Binh Duong Water Environment JSC (BWE) and when is the ex-dividend date?
Binh Duong Water Environment JSC pays a dividend of 1,300 VND per share a year, a dividend yield of 3.2%. The last ex-dividend date was Feb 3, 2026. The payout ratio is 37.7% of earnings (on adjusted earnings, reported 31.3%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Binh Duong Water Environment JSC (BWE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Binh Duong Water Environment JSC it is 79,540 VND per share (as of Nov 8, 2026), against a price of 40,500 VND. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Binh Duong Water Environment JSC stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BWE trades below its calculated fair value: price 40,500 VND, fair value 79,540 VND, a gap of about +96% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BWE?
No. The price is what the market pays today (40,500 VND); the fair value is what the company's own numbers justify (79,540 VND). For Binh Duong Water Environment JSC the two are 39,040 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Binh Duong Water Environment JSC worth?
The market values Binh Duong Water Environment JSC at about 8.9T VND (market capitalisation, as of Nov 8, 2026). Per share that is 40,500 VND; our models calculate a fair value of 79,540 VND per share.
What do the bullish and bearish scenarios say about BWE?
Our models span a range for Binh Duong Water Environment JSC: cautious scenario 55,678 VND, base 79,540 VND, optimistic 103,403 VND per share (as of Nov 8, 2026, price 40,500 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BWE?
Binh Duong Water Environment JSC trades at a price-to-earnings ratio of 9.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 79,540 VND is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 10.8 (reported for FY2025: 9.0). Other multiples: P/B 1.5, P/S 2.0, EV/EBITDA 6.4.
How solid is the balance sheet of Binh Duong Water Environment JSC (BWE)?
Balance-sheet figures for Binh Duong Water Environment JSC (as of Nov 8, 2026): return on equity 18.4%, debt of 0.85 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is BWE from its 52-week high?
Binh Duong Water Environment JSC trades at 40,500 VND, about 12% below its 52-week high of 46,200 VND and 1% above the low of 39,939 VND (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of 79,540 VND is for.
Which stocks are comparable to Binh Duong Water Environment JSC?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Binh Duong Water Environment JSC stock attractive at the current price?
The data as of Nov 8, 2026: price 40,500 VND, calculated fair value 79,540 VND (+96%), Quality Score 47/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BWE calculated?
We run Binh Duong Water Environment JSC through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 79,540 VND builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Binh Duong Water Environment JSC currently trades 49% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Binh Duong Water Environment JSC (BWE)?
The closing price on Nov 13, 2026 was 40,500 VND. Our model-based fair value is 79,540 VND, about +96% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Binh Duong Water Environment JSC right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (55,678 VND). The market is more pessimistic than our downside scenario. A fairly wide model range (55,678 VND to 103,403 VND) leaves room in how you read the outcome.
Key figures of Binh Duong Water Environment JSC
How large is the market capitalisation of Binh Duong Water Environment JSC (BWE)?
The market capitalisation of Binh Duong Water Environment JSC is 8.9T VND (≈ $347M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Binh Duong Water Environment JSC (BWE)?
The price-to-sales ratio of Binh Duong Water Environment JSC is 1.96 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Binh Duong Water Environment JSC (BWE)?
Earnings per share at Binh Duong Water Environment JSC are 4,150 VND (price ÷ EPS = P/E 9.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Binh Duong Water Environment JSC (BWE)?
The dividend yield of Binh Duong Water Environment JSC is 3.2% (payout 37.7%, on adjusted earnings, reported 31.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Binh Duong Water Environment JSC (BWE)?
The net margin of Binh Duong Water Environment JSC is 23.7% (last twelve months), excl. one-off gain FY2025 18.1%. How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Binh Duong Water Environment JSC (BWE)?
The return on equity (ROE) of Binh Duong Water Environment JSC is 18.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Binh Duong Water Environment JSC (BWE)?
On an EBIT basis the return on assets of Binh Duong Water Environment JSC is 8.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Binh Duong Water Environment JSC (BWE)?
The operating margin of Binh Duong Water Environment JSC is 31.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Binh Duong Water Environment JSC (BWE)?
Revenue at Binh Duong Water Environment JSC is growing −7.8% versus a year earlier (3y avg +9.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Binh Duong Water Environment JSC (BWE)?
Earnings per share at Binh Duong Water Environment JSC are growing +14.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Binh Duong Water Environment JSC (BWE) generate?
The free cash flow of Binh Duong Water Environment JSC is −341B VND (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Binh Duong Water Environment JSC (BWE) carry?
The net debt of Binh Duong Water Environment JSC is 6.0T VND (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026