Thu Dau Mot Water JSC (TDM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Thu Dau Mot Water JSC stock VND 9,400, price VND 58,500, that is 83.9% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
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Thu Dau Mot Water JSC
TDM · VNOur calculation puts a fair price 84% below what the stock costs today.
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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 21,228 VND – 62,000 VND · fair‑value band 7,531 VND – 11,281 VND · the 58,500 VND price screens above the 9,400 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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Company profile
Thu Dau Mot Water Joint Stock Company, together with its subsidiaries, engages in producing and supplying treated water in Vietnam.
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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.
Stock analysis
Thu Dau Mot Water JSC (TDM) currently trades at 58,500 VND, while our model-based Fair Value estimate is 9,400 VND, 84% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 24,142 VND per share, and 0 of the 22 models we run sit above the 58,500 VND price.
Bear case: the Growth DCF group reads lowest at 3,305 VND, and 22 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7,531 VND (bear) to 11,281 VND (bull), the price of 58,500 VND sits above 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 46/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Thu Dau Mot Water JSC reported revenue of 506B VND in FY2025 versus 417B VND in FY2021, a compound +5.0%/yr. Reported net income was 210B VND in FY2025, compounding −10.6%/yr from FY2021.
Key figures
Market cap 7.1T VND (≈ $279M) Micro · P/E ratio 35.8 · P/S ratio 15.1 · EPS (TTM) 1,633 VND · Dividend yield 2.2% · Net margin 32.8% · Return on equity 6.1% · Return on assets (EBIT) 7.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 12% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −43% fair-value upside, at −84%, TDM screens richer than that median.
Fair Value models
All 22 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
TDM screens overvalued: fair value 84% below the price. Compare with American Water Works Company →
Compare Thu Dau Mot Water JSC with another stock
Price, fair value, quality and upside side by side.
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.Utilities - Regulated Water · 64 stocks
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Utilities
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Grandblue Environment Co 600323 | ¥30.90 | ¥57.09 | +85% | vs TDM |
| Chengdu Xingrong Environment Co 000598 | ¥7.35 | ¥9.09 | +24% | vs TDM |
| Beijing Capital Eco-Environment Protection Group 600008 | ¥2.81 | ¥3.43 | +22% | vs TDM |
| Zhongshan Public Utilities Group 000685 | ¥10.76 | ¥11.03 | +3% | vs TDM |
| Chongqing Water Group 601158 | ¥4.18 | ¥2.39 | −43% | vs TDM |
| Essential Utilities, Inc WTRG | $45.45 | $23.33 | −49% | vs TDM |
| California Water Service Group CWT | $51.04 | $24.60 | −52% | vs TDM |
| American States Water Company AWR | $89.98 | $38.77 | −57% | vs TDM |
| American Water Works Company AWK | $150.29 | $64.66 | −57% | vs TDM |
| H2O America HTO | $62.95 | $27.06 | −57% | vs TDM |
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Frequently asked questions
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Key figures of Thu Dau Mot Water JSC
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