1. Vietnam Stocks

  2. •

    Utilities

  3. •

    Water utilities
Thu Dau Mot Water JSC

Thu Dau Mot Water JSC

HHOSE:TDM
59,400.00
VND
0.00
(0.00%)
6.31TMarket Cap
Dec 02Next Earn
Thu Dau Mot Water JSC
HOSE:TDM
(Ho Chi Minh Stock Exchange)

Recent

price

59,400.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
3,391.82
3,697.77
3,772.56
3,964.2
4,552.54
5,062.61
4,914.78
4,467.1
- -
Revenue per Share
2,251.34
2,179.14
1,691.95
3,123.83
2,095.02
2,694.45
1,845.35
1,852.48
- -
Basic EPS, GAAP
1,374.09
-1,859.73
1,610.22
2,733.25
1,006.68
1,914.88
2,529.56
51.17
645.42
Free Cash Flow per Basic Share
616.55
781.54
936.19
1,140.71
1,140.71
1,235.77
1,263.89
1,359.25
- -
Dividend per Share
12,941.23
15,655.56
15,736.04
17,554.75
19,399.86
19,857.2
22,320.53
22,684.02
22,516.81
Book Value per Share
12,279.21
15,107.62
15,226.66
17,060.37
18,920.49
19,380.91
21,900.92
22,282.12
22,121.63
Tangible Book Value per Share
84
94
102
105
105
105
111
113
126
Basic Weighted Avg Shares
286,246
345,772
385,643
417,024
478,916
532,574
544,406
506,113
- -
Sales/Revenue/Turnover
62.17
51.07
50.61
47.41
49.83
42.54
44.71
25.44
- -
Operating Margin (%)
46,601
88,915
104,144
129,876
145,364
148,943
141,635
110,957
- -
Depreciation Expense
189,997
203,768
172,956
328,619
220,391
283,450
204,408
209,882
- -
Net Income, GAAP
3.64
3.56
5.37
2.23
4.57
6.19
9.28
3.95
- -
Effective Tax Rate (%)
66.38
58.93
44.85
78.8
46.02
53.22
37.55
41.47
- -
Profit Margin (%)
-113,193
250,081
-222,469
-100,659
46,824
-9,169
419,201
176,599
101,065
Working Capital
424,623
480,996
299,659
212,896
113,829
52,319
267,188
544,873
588,765
LT Debt
1,109,015
1,576,108
1,655,392
1,846,716
2,040,817
2,036,636
2,518,214
2,584,815
2,565,762
Total Equity
- -
10.42
7.85
15.4
9.73
12.29
7.84
6.8
- -
Return on Invested Capital (%)
- -
12.5
9.3
16.29
10.68
13.13
8.18
7.77
- -
Return on Capital (%)
- -
15.18
10.7
18.77
11.34
13.9
8.98
8.23
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
130,787
156,724
274,965
LT Borrowings
544,873
522,147
588,765
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
114
114
114
Market Capitalization
6,312,315
6,090,830
6,312,315

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
443,027
520,608
513,002
Cash, Cash Equivalents & STI
164,032
86,061
102,969
Accounts Receivable, Net
- -
5,730
97,000
Inventories
11,845
11,871
11,961
Total Current Liabilities
266,428
241,734
411,937
Payables & Accruals
- -
- -
- -
ST Debt
130,787
156,724
274,965
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.63%
2.64%
Free Cash Flow
- -
8.58%
-97.93%
Net Income, GAAP
- -
12.09%
2.68%
Sales/Revenue/Turnover
- -
5.87%
-7.03%
Total Cash Common Dividend
- -
- -
10%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
106,203
187,207
106,377
144,618
544,406
2025
100,016
99,918
- -
242,225
506,113
2026
78,326
89,539
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
359.01
427.05
469.95
469.95
1,845.35
2025
1,274.28
429
- -
80.92
1,852.48
2026
1,083.76
159.9
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1,263.89
2025
- -
- -
- -
- -
1,359.25
2026
- -
- -
- -
- -
- -
Similar Companies
American Water Works Company, Inc. (NYSE:AWK)
Veolia Environnement SA (EURONEXT:VIE)
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP (B3:SBSP3)
Power and Water Utility Company for Jubail and Yanbu (Marafiq) (TADAWUL:2083)
Essential Utilities, Inc. (NYSE:WTRG)
WHA Utilities and Power Public Company Limited (SET:WHAUP)
Business
Thu Dau Mot Water Joint Stock Company is a Vietnam-based utility enterprise primarily engaged in the extraction, treatment, and distribution of clean water for industrial, commercial, and domestic consumption. Founded in 2013 and headquartered in Thu Dau Mot City, Binh Duong Province, Vietnam, the company operates within the utilities sector as a major bulk water producer and infrastructure developer in southern Vietnam. The company manufactures and supplies treated potable water; provides wholesale water distribution to regional utility networks; undertakes the engineering, procurement, and construction of water supply pipelines and drainage systems; delivers technical consultancy, design, installation, and maintenance services for water treatment plants and water transmission networks; and engages in the wholesale and retail trading of specialized machinery, filtration equipment, pipes, fittings, and accessories for the water and environmental sanitation industries. The company operates major water treatment facilities, including the Nam Thu Dau Mot Water Treatment Plant and the Di An Water Treatment Plant, sourcing raw water from the Dong Nai and Saigon rivers to supply key urban centers, residential zones, and large-scale industrial parks across Binh Duong Province, such as Vietnam-Singapore Industrial Parks, My Phuoc, and Bau Bang. In addition to direct distribution, the company maintains a strategic relationship as a principal bulk water supplier and major shareholder in Binh Duong Water Environment Joint Stock Company, facilitating extensive regional water supply coverage. In recent developments, Thu Dau Mot Water Joint Stock Company has executed strategic investments and capacity expansion initiatives to meet growing industrial and residential demand. The company expanded its geographic presence outside its core Binh Duong base through targeted equity acquisitions in regional water utilities, including strategic stakes in Gia Tan Water Joint Stock Company in Dong Nai Province, Can Tho Water Supply and Sewerage Joint Stock Company, and Quang Binh Water Supply Joint Stock Company. Operationally, the company has undertaken capacity upgrade projects across its core treatment facilities and expanded transmission pipeline infrastructure to increase daily water output, improve distribution network efficiency, and support long-term urban and industrial development in the southern economic corridor of Vietnam.