Thu Dau Mot Water JSC (TDM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Thu Dau Mot Water JSC VND 10,340, price VND 59,000, upside -82.5%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Thu Dau Mot Water JSC
TDM · VNStructural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 20,789 VND – 62,000 VND · fair‑value band 8,284 VND – 12,409 VND · the 59,000 VND price screens above the 10,340 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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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.
Stock analysis
Thu Dau Mot Water JSC (TDM) currently trades at 59,000 VND, while our model-based Fair Value estimate is 10,340 VND, implying the stock looks roughly 470.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 26,556 VND per share, and 0 of the 22 models we run sit above the 59,000 VND price.
Bear case: the Growth DCF group reads lowest at 4,393 VND, and 22 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 8,284 VND (bear) to 12,409 VND (bull), the price of 59,000 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 44/100 (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 6.6T VND · P/E ratio 38.6 · P/S ratio 16.0 · EPS (TTM) 1,527 VND · Dividend yield 2.2% · Net margin 41.5% · Return on equity 7.3% · Return on assets (EBIT) 7.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −42% fair-value upside, at −82%, TDM screens richer than that median.
Fair Value models
All 22 models by family
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Set up alert →Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 60
Revenue & earnings trend
TDM screens 471% overvalued. 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 · 65 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)
- 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 |
|---|---|---|---|
| American Water Works Company AWK | $133.06 | $65.80 | −51% |
| SBS SBS | $5.39 | $7.68 | +42% |
| Essential Utilities, Inc WTRG | $40.18 | $23.28 | −42% |
| Guangdong Investment Limited 0270 | HK$8.67 | HK$12.82 | +48% |
| Grandblue Environment Co 600323 | ¥28.90 | ¥57.09 | +98% |
| American States Water Company AWR | $84.39 | $38.40 | −54% |
| Chengdu Xingrong Environment Co 000598 | ¥7.06 | ¥9.09 | +29% |
| California Water Service Group CWT | $47.29 | $25.75 | −46% |
| Chongqing Water Group 601158 | ¥3.99 | ¥1.76 | −56% |
| H2O America, through its subsidiaries, HTO | $62.92 | $29.35 | −53% |
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Frequently asked questions
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Key figures of Thu Dau Mot Water JSC
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