View Financial HealthBen Thanh Water Supply 배당 및 자사주 매입배당 기준 점검 2/6Ben Thanh Water Supply 수익으로 충분히 충당되는 현재 수익률 4.02% 보유한 배당금 지급 회사입니다.핵심 정보4.0%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률15.8%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향53%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • May 09Upcoming dividend of ₫1,860 per shareEligible shareholders must have bought the stock before 15 May 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.0%).Declared Dividend • Apr 25Final dividend of ₫1,860 announcedDividend of ₫1,860 is the same as last year. Ex-date: 15th May 2026 Payment date: 15th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (324% cash payout ratio). The dividend has increased by an average of 16% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 6.1% EPS growth achieved over the last 5 years.Declared Dividend • Aug 07First half dividend increased to ₫900Dividend of ₫900 is 4.4% higher than last year. Ex-date: 19th August 2025 Payment date: 19th September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 20% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.2% EPS decline seen over the last 5 years.Declared Dividend • May 13Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 15th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.Declared Dividend • Apr 28Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.공시 • Apr 27Ben Thanh Water Supply Joint Stock Company announces Annual dividend, payable on June 10, 2025Ben Thanh Water Supply Joint Stock Company announced Annual dividend of VND 1,860.0000 per share payable on June 10, 2025, ex-date on May 09, 2025 and record date on May 12, 2025.모든 업데이트 보기Recent updatesUpcoming Dividend • May 09Upcoming dividend of ₫1,860 per shareEligible shareholders must have bought the stock before 15 May 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.0%).Declared Dividend • Apr 25Final dividend of ₫1,860 announcedDividend of ₫1,860 is the same as last year. Ex-date: 15th May 2026 Payment date: 15th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (324% cash payout ratio). The dividend has increased by an average of 16% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 6.1% EPS growth achieved over the last 5 years.Board Change • Apr 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 26No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Feb 11Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 22, 2026Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 22, 2026, at 08:00 SE Asia Standard Time. Location: hall of ben thanh water supply jsc, no.194 pasteur, xuan hoa ward, hcmc VietnamReported Earnings • Jan 21Full year 2025 earnings released: EPS: ₫5,159 (vs ₫5,028 in FY 2024)Full year 2025 results: EPS: ₫5,159 (up from ₫5,028 in FY 2024). Revenue: ₫550.9b (down 1.9% from FY 2024). Net income: ₫48.3b (up 2.6% from FY 2024). Profit margin: 8.8% (up from 8.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.Board Change • Jan 08No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 18No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 03No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 19Third quarter 2025 earnings released: EPS: ₫1,288 (vs ₫1,573 in 3Q 2024)Third quarter 2025 results: EPS: ₫1,288 (down from ₫1,573 in 3Q 2024). Revenue: ₫137.1b (down 1.1% from 3Q 2024). Net income: ₫12.1b (down 18% from 3Q 2024). Profit margin: 8.8% (down from 11% in 3Q 2024).New Risk • Oct 04New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 104% Dividend per share is over 9x cash flows per share. Dividend yield: 4.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Dividend per share is over 9x cash flows per share. High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₫608.4b market cap, or US$23.1m).Board Change • Sep 29No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 10No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Aug 07First half dividend increased to ₫900Dividend of ₫900 is 4.4% higher than last year. Ex-date: 19th August 2025 Payment date: 19th September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 20% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.2% EPS decline seen over the last 5 years.New Risk • Jul 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₫545.7b market cap, or US$20.7m).Reported Earnings • Jul 22Second quarter 2025 earnings released: EPS: ₫943 (vs ₫1,943 in 2Q 2024)Second quarter 2025 results: EPS: ₫943 (down from ₫1,943 in 2Q 2024). Revenue: ₫139.5b (down 1.3% from 2Q 2024). Net income: ₫8.83b (down 52% from 2Q 2024). Profit margin: 6.3% (down from 13% in 2Q 2024). The decrease in margin was primarily driven by higher expenses.Buy Or Sell Opportunity • Jul 02Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 9.6% to ₫49,000. The fair value is estimated to be ₫40,749, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last year. Earnings per share has declined by 19%.Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫37,100, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 10x in the Water Utilities industry in Vietnam. Total returns to shareholders of 38% over the past three years.Board Change • May 28No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Nguyen Hoai Nam was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • May 13Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 15th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.Board Change • May 13No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Chairman Anh Pham was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Declared Dividend • Apr 28Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.공시 • Apr 27Ben Thanh Water Supply Joint Stock Company announces Annual dividend, payable on June 10, 2025Ben Thanh Water Supply Joint Stock Company announced Annual dividend of VND 1,860.0000 per share payable on June 10, 2025, ex-date on May 09, 2025 and record date on May 12, 2025.Reported Earnings • Apr 19First quarter 2025 earnings released: EPS: ₫2,023 (vs ₫2,555 in 1Q 2024)First quarter 2025 results: EPS: ₫2,023 (down from ₫2,555 in 1Q 2024). Revenue: ₫134.1b (down 3.2% from 1Q 2024). Net income: ₫18.9b (down 21% from 1Q 2024). Profit margin: 14% (down from 17% in 1Q 2024).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫40,300, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 11x in the Water Utilities industry in Vietnam. Total returns to shareholders of 47% over the past three years.공시 • Feb 28Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 24, 2025Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 24, 2025, at 08:00 SE Asia Standard Time. Location: address 194 pasteur, vo thi sau ward, district 3, ho chi minh city, VietnamReported Earnings • Jan 23Full year 2024 earnings released: EPS: ₫5,028 (vs ₫4,664 in FY 2023)Full year 2024 results: EPS: ₫5,028 (up from ₫4,664 in FY 2023). Revenue: ₫561.5b (up 6.0% from FY 2023). Net income: ₫47.1b (up 7.8% from FY 2023). Profit margin: 8.4% (up from 8.2% in FY 2023). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫47,800, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 18x in the Water Utilities industry in Vietnam. Total returns to shareholders of 56% over the past three years.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫45,900, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x in the Water Utilities industry in Vietnam. Total returns to shareholders of 63% over the past three years.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₫45,800, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 19x in the Water Utilities industry in Vietnam. Total returns to shareholders of 61% over the past three years.Upcoming Dividend • Aug 23Upcoming dividend of ₫862 per shareEligible shareholders must have bought the stock before 30 August 2024. Payment date: 04 October 2024. Trailing yield: 4.4%. Lower than top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (3.0%).New Risk • Aug 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (49% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫337.9b market cap, or US$13.5m).Upcoming Dividend • May 10Upcoming dividend of ₫1,350 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 20 June 2024. Trailing yield: 4.6%. Lower than top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (3.2%).Board Change • May 06No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫34,300, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Water Utilities industry in Vietnam. Total returns to shareholders of 14% over the past three years.Board Change • Mar 26No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 17Upcoming dividend of ₫1,350 per share at 4.3% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 June 2023. Trailing yield: 4.3%. Lower than top quartile of Vietnamese dividend payers (8.8%). In line with average of industry peers (4.2%).Board Change • Apr 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Mar 17No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 17No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Oct 31No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Aug 10No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Mar 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be ₫40,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.Buying Opportunity • Mar 14Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 9.1%. The fair value is estimated to be ₫40,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.Buying Opportunity • Feb 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be ₫40,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.Board Change • Feb 08No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Buying Opportunity • Jan 20Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 1.8%. The fair value is estimated to be ₫42,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₫40,000, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 236% over the past three years.Reported Earnings • Jul 27Second quarter 2021 earnings released: EPS ₫1,092 (vs ₫186 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫111.7b (up 8.5% from 2Q 2020). Net income: ₫10.2b (up 486% from 2Q 2020). Profit margin: 9.1% (up from 1.7% in 2Q 2020).Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to ₫32,400, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 178% over the past three years.Upcoming Dividend • May 06Inaugural dividend of ₫1,300 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 14 June 2021. This is the first dividend for Ben Thanh Water Supply since going public. The average dividend yield among industry peers is 3.3%.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS ₫1,328 (vs ₫2,222 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫107.6b (down 17% from 1Q 2020). Net income: ₫12.4b (down 40% from 1Q 2020). Profit margin: 12% (down from 16% in 1Q 2020). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₫32,000, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 14x in the Water Utilities industry in Asia. Total returns to shareholders of 139% over the past three years.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 24% share price gain to ₫35,900, the stock is trading at a trailing P/E ratio of 9.4x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 13x in the Water Utilities industry in Asia. Total returns to shareholders over the past three years are 159%.Is New 90 Day High Low • Mar 02New 90-day high: ₫33,000The company is up 29% from its price of ₫25,500 on 27 November 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is flat over the same period.Reported Earnings • Jan 23Full year 2020 earnings released: EPS ₫3,831The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₫454.0b (down 2.9% from FY 2019). Net income: ₫35.9b (up 8.6% from FY 2019). Profit margin: 7.9% (up from 7.1% in FY 2019). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₫30,200, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 8.4x. This compares to an average P/E of 14x in the Water Utilities industry in Asia. Total returns to shareholders over the past three years are 106%.Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫29,700, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 13x in the Water Utilities industry in Asia. Total returns to shareholders over the past three years are 119%.Reported Earnings • Oct 22Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫29.0b, down 14% from the prior year. Total revenue was ₫461.6b over the last 12 months, down 1.3% from the prior year.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 배당금 지급이 안정적인 반면, BTW 은(는) 배당금을 지급한 지 10년도 채 되지 않았습니다.배당금 증가: BTW 의 배당금 지급이 증가했지만 회사는 5 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Ben Thanh Water Supply 배당 수익률 vs 시장BTW의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (BTW)4.0%시장 하위 25% (VN)3.1%시장 상위 25% (VN)7.9%업계 평균 (Water Utilities)3.0%분석가 예측 (BTW) (최대 3년)n/a주목할만한 배당금: BTW 의 배당금( 4.02% )은 VN 시장에서 배당금 지급자의 하위 25%( 3.15% )보다 높습니다.고배당: BTW 의 배당금( 4.02% )은 VN 시장에서 배당금 지급자의 상위 25%( 7.89% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 53.5% )을 통해 BTW 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 323.8% )이 높기 때문에 BTW 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YVN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/16 18:07종가2026/06/09 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ben Thanh Water Supply Joint Stock Company는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Upcoming Dividend • May 09Upcoming dividend of ₫1,860 per shareEligible shareholders must have bought the stock before 15 May 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.0%).
Declared Dividend • Apr 25Final dividend of ₫1,860 announcedDividend of ₫1,860 is the same as last year. Ex-date: 15th May 2026 Payment date: 15th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (324% cash payout ratio). The dividend has increased by an average of 16% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 6.1% EPS growth achieved over the last 5 years.
Declared Dividend • Aug 07First half dividend increased to ₫900Dividend of ₫900 is 4.4% higher than last year. Ex-date: 19th August 2025 Payment date: 19th September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 20% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.2% EPS decline seen over the last 5 years.
Declared Dividend • May 13Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 15th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.
Declared Dividend • Apr 28Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.
공시 • Apr 27Ben Thanh Water Supply Joint Stock Company announces Annual dividend, payable on June 10, 2025Ben Thanh Water Supply Joint Stock Company announced Annual dividend of VND 1,860.0000 per share payable on June 10, 2025, ex-date on May 09, 2025 and record date on May 12, 2025.
Upcoming Dividend • May 09Upcoming dividend of ₫1,860 per shareEligible shareholders must have bought the stock before 15 May 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (3.0%).
Declared Dividend • Apr 25Final dividend of ₫1,860 announcedDividend of ₫1,860 is the same as last year. Ex-date: 15th May 2026 Payment date: 15th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (324% cash payout ratio). The dividend has increased by an average of 16% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 6.1% EPS growth achieved over the last 5 years.
Board Change • Apr 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 26No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Feb 11Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 22, 2026Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 22, 2026, at 08:00 SE Asia Standard Time. Location: hall of ben thanh water supply jsc, no.194 pasteur, xuan hoa ward, hcmc Vietnam
Reported Earnings • Jan 21Full year 2025 earnings released: EPS: ₫5,159 (vs ₫5,028 in FY 2024)Full year 2025 results: EPS: ₫5,159 (up from ₫5,028 in FY 2024). Revenue: ₫550.9b (down 1.9% from FY 2024). Net income: ₫48.3b (up 2.6% from FY 2024). Profit margin: 8.8% (up from 8.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
Board Change • Jan 08No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 18No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 03No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 19Third quarter 2025 earnings released: EPS: ₫1,288 (vs ₫1,573 in 3Q 2024)Third quarter 2025 results: EPS: ₫1,288 (down from ₫1,573 in 3Q 2024). Revenue: ₫137.1b (down 1.1% from 3Q 2024). Net income: ₫12.1b (down 18% from 3Q 2024). Profit margin: 8.8% (down from 11% in 3Q 2024).
New Risk • Oct 04New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 104% Dividend per share is over 9x cash flows per share. Dividend yield: 4.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Dividend per share is over 9x cash flows per share. High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₫608.4b market cap, or US$23.1m).
Board Change • Sep 29No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 10No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Nam Nguyen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Aug 07First half dividend increased to ₫900Dividend of ₫900 is 4.4% higher than last year. Ex-date: 19th August 2025 Payment date: 19th September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 20% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.2% EPS decline seen over the last 5 years.
New Risk • Jul 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₫545.7b market cap, or US$20.7m).
Reported Earnings • Jul 22Second quarter 2025 earnings released: EPS: ₫943 (vs ₫1,943 in 2Q 2024)Second quarter 2025 results: EPS: ₫943 (down from ₫1,943 in 2Q 2024). Revenue: ₫139.5b (down 1.3% from 2Q 2024). Net income: ₫8.83b (down 52% from 2Q 2024). Profit margin: 6.3% (down from 13% in 2Q 2024). The decrease in margin was primarily driven by higher expenses.
Buy Or Sell Opportunity • Jul 02Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 9.6% to ₫49,000. The fair value is estimated to be ₫40,749, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last year. Earnings per share has declined by 19%.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₫37,100, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 10x in the Water Utilities industry in Vietnam. Total returns to shareholders of 38% over the past three years.
Board Change • May 28No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Nguyen Hoai Nam was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • May 13Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 15th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.
Board Change • May 13No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Chairman Anh Pham was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Declared Dividend • Apr 28Dividend of ₫1,860 announcedShareholders will receive a dividend of ₫1,860. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 4 years and payments have been stable during that time.
공시 • Apr 27Ben Thanh Water Supply Joint Stock Company announces Annual dividend, payable on June 10, 2025Ben Thanh Water Supply Joint Stock Company announced Annual dividend of VND 1,860.0000 per share payable on June 10, 2025, ex-date on May 09, 2025 and record date on May 12, 2025.
Reported Earnings • Apr 19First quarter 2025 earnings released: EPS: ₫2,023 (vs ₫2,555 in 1Q 2024)First quarter 2025 results: EPS: ₫2,023 (down from ₫2,555 in 1Q 2024). Revenue: ₫134.1b (down 3.2% from 1Q 2024). Net income: ₫18.9b (down 21% from 1Q 2024). Profit margin: 14% (down from 17% in 1Q 2024).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₫40,300, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 11x in the Water Utilities industry in Vietnam. Total returns to shareholders of 47% over the past three years.
공시 • Feb 28Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 24, 2025Ben Thanh Water Supply Joint Stock Company, Annual General Meeting, Apr 24, 2025, at 08:00 SE Asia Standard Time. Location: address 194 pasteur, vo thi sau ward, district 3, ho chi minh city, Vietnam
Reported Earnings • Jan 23Full year 2024 earnings released: EPS: ₫5,028 (vs ₫4,664 in FY 2023)Full year 2024 results: EPS: ₫5,028 (up from ₫4,664 in FY 2023). Revenue: ₫561.5b (up 6.0% from FY 2023). Net income: ₫47.1b (up 7.8% from FY 2023). Profit margin: 8.4% (up from 8.2% in FY 2023). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₫47,800, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 18x in the Water Utilities industry in Vietnam. Total returns to shareholders of 56% over the past three years.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₫45,900, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x in the Water Utilities industry in Vietnam. Total returns to shareholders of 63% over the past three years.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₫45,800, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 19x in the Water Utilities industry in Vietnam. Total returns to shareholders of 61% over the past three years.
Upcoming Dividend • Aug 23Upcoming dividend of ₫862 per shareEligible shareholders must have bought the stock before 30 August 2024. Payment date: 04 October 2024. Trailing yield: 4.4%. Lower than top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (3.0%).
New Risk • Aug 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (49% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫337.9b market cap, or US$13.5m).
Upcoming Dividend • May 10Upcoming dividend of ₫1,350 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 20 June 2024. Trailing yield: 4.6%. Lower than top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (3.2%).
Board Change • May 06No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₫34,300, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Water Utilities industry in Vietnam. Total returns to shareholders of 14% over the past three years.
Board Change • Mar 26No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 17Upcoming dividend of ₫1,350 per share at 4.3% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 June 2023. Trailing yield: 4.3%. Lower than top quartile of Vietnamese dividend payers (8.8%). In line with average of industry peers (4.2%).
Board Change • Apr 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Mar 17No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 17No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Oct 31No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Aug 10No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Nguyet Thi Nguyen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Mar 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be ₫40,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.
Buying Opportunity • Mar 14Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 9.1%. The fair value is estimated to be ₫40,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.
Buying Opportunity • Feb 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be ₫40,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.
Board Change • Feb 08No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Buying Opportunity • Jan 20Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 1.8%. The fair value is estimated to be ₫42,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last year. Earnings per share has been flat over the last year.
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₫40,000, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 236% over the past three years.
Reported Earnings • Jul 27Second quarter 2021 earnings released: EPS ₫1,092 (vs ₫186 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫111.7b (up 8.5% from 2Q 2020). Net income: ₫10.2b (up 486% from 2Q 2020). Profit margin: 9.1% (up from 1.7% in 2Q 2020).
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to ₫32,400, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 178% over the past three years.
Upcoming Dividend • May 06Inaugural dividend of ₫1,300 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 14 June 2021. This is the first dividend for Ben Thanh Water Supply since going public. The average dividend yield among industry peers is 3.3%.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS ₫1,328 (vs ₫2,222 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫107.6b (down 17% from 1Q 2020). Net income: ₫12.4b (down 40% from 1Q 2020). Profit margin: 12% (down from 16% in 1Q 2020). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₫32,000, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 14x in the Water Utilities industry in Asia. Total returns to shareholders of 139% over the past three years.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 24% share price gain to ₫35,900, the stock is trading at a trailing P/E ratio of 9.4x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 13x in the Water Utilities industry in Asia. Total returns to shareholders over the past three years are 159%.
Is New 90 Day High Low • Mar 02New 90-day high: ₫33,000The company is up 29% from its price of ₫25,500 on 27 November 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is flat over the same period.
Reported Earnings • Jan 23Full year 2020 earnings released: EPS ₫3,831The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₫454.0b (down 2.9% from FY 2019). Net income: ₫35.9b (up 8.6% from FY 2019). Profit margin: 7.9% (up from 7.1% in FY 2019). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₫30,200, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 8.4x. This compares to an average P/E of 14x in the Water Utilities industry in Asia. Total returns to shareholders over the past three years are 106%.
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₫29,700, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 13x in the Water Utilities industry in Asia. Total returns to shareholders over the past three years are 119%.
Reported Earnings • Oct 22Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₫29.0b, down 14% from the prior year. Total revenue was ₫461.6b over the last 12 months, down 1.3% from the prior year.