Binh Duong Water - Environment Corporation - (BWE) Stock Overview

Engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam. More details

BWE fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	5/6
Financial Health	3/6
Dividends	1/6

Rewards

Earnings are forecast to grow 32.24% per year

Earnings grew by 32.8% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 22.8%

Risk Analysis

Debt is not well covered by operating cash flow

BWE Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View Stock Community

Binh Duong Water - Environment Corporation - Joint Stock Company Competitors

Price History & Performance

Summary of share price highs, lows and changes for Binh Duong Water - Environment Corporation -
Historical stock prices
Current Share Price	₫47,300.00
52 Week High	₫54,300.00
52 Week Low	₫38,000.00
Beta	-0.12
1 Month Change	-1.77%
3 Month Change	-3.17%
1 Year Change	8.74%
3 Year Change	41.90%
5 Year Change	105.81%
Change since IPO	214.41%

Recent updates

Shareholder Returns

	BWE	VN Water Utilities	VN Market
7D	0.6%	0.6%	2.3%
1Y	8.7%	10.7%	34.7%

Return vs Industry: BWE underperformed the VN Water Utilities industry which returned 10.7% over the past year.

Return vs Market: BWE underperformed the VN Market which returned 34.7% over the past year.

Price Volatility

Is BWE's price volatile compared to industry and market?
BWE volatility
BWE Average Weekly Movement	2.5%
Water Utilities Industry Average Movement	3.7%
Market Average Movement	5.1%
10% most volatile stocks in VN Market	7.9%
10% least volatile stocks in VN Market	2.5%

Stable Share Price: BWE has not had significant price volatility in the past 3 months compared to the VN market.

Volatility Over Time: BWE's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1975	2,675	Cong Tran	biwase.com.vn

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. 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 Fundamentals Summary

How do Binh Duong Water - Environment Corporation -'s earnings and revenue compare to its market cap?
BWE fundamental statistics
Market cap	₫10.40t
Earnings (TTM)	₫710.86b
Revenue (TTM)	₫4.34t

14.6x

P/E Ratio

2.4x

P/S Ratio

Is BWE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BWE income statement (TTM)
Revenue	₫4.34t
Cost of Revenue	₫2.41t
Gross Profit	₫1.94t
Other Expenses	₫1.23t
Earnings	₫710.86b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	3.23k
Gross Margin	44.62%
Net Profit Margin	16.37%
Debt/Equity Ratio	118.2%

How did BWE perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

50%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/16 00:12
End of Day Share Price	2025/11/14 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Binh Duong Water - Environment Corporation - Joint Stock Company is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nguyen Duong Nguyen	Mirae Asset Securities (Vietnam)
Duong Thi Dinh	Viet Capital Securities Joint Stock Company
Phuoc Duong	Viet Capital Securities Joint Stock Company

Binh Duong Water - Environment Corporation - (BWE) Stock Overview

Rewards

Risk Analysis

Binh Duong Water - Environment Corporation - Joint Stock Company Competitors

Thu Dau Mot Water

Ben Thanh Water Supply

Cholon Water Supply

Thu Duc Water Supply

Price History & Performance

Recent News & Updates

Price target increased by 12% to ₫58,063

Third quarter 2025 earnings released: EPS: ₫998 (vs ₫687 in 3Q 2024)

Now 22% overvalued

Second quarter 2025 earnings released: EPS: ₫1,115 (vs ₫442 in 2Q 2024)

New major risk - Financial position

Now 20% undervalued

Recent updates

Price target increased by 12% to ₫58,063

Third quarter 2025 earnings released: EPS: ₫998 (vs ₫687 in 3Q 2024)

Now 22% overvalued

Second quarter 2025 earnings released: EPS: ₫1,115 (vs ₫442 in 2Q 2024)

New major risk - Financial position

Now 20% undervalued

First quarter 2025 earnings released: EPS: ₫557 (vs ₫796 in 1Q 2024)

Consensus EPS estimates fall by 24%, revenue upgraded

Upcoming dividend of ₫1,300 per share

Binh Duong Water - Environment Corporation - Joint Stock Company Proposes Cash Dividend Payment for 2024, Payable on June 24, 2025

Price target increased by 7.9% to ₫55,301

Third quarter 2024 earnings released: EPS: ₫687 (vs ₫613 in 3Q 2023)

Second quarter 2024 earnings released: EPS: ₫557 (vs ₫789 in 2Q 2023)

Now 21% overvalued after recent price rise

First quarter 2024 earnings released: EPS: ₫771 (vs ₫530 in 1Q 2023)

Full year 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 33%

Full year 2023 earnings released: EPS: ₫2,889 (vs ₫3,195 in FY 2022)

Binh Duong Water - Environment Joint Stock Company, Annual General Meeting, Mar 25, 2024

Price target increased by 11% to ₫64,451

New major risk - Financial position

Second quarter 2023 earnings released: EPS: ₫901 (vs ₫901 in 2Q 2022)

Now 20% undervalued

Now 20% undervalued

Now 20% undervalued after recent price drop

First quarter 2023 earnings released: EPS: ₫606 (vs ₫814 in 1Q 2022)

Binh Duong Water - Environment Joint Stock Company, Annual General Meeting, Mar 31, 2023

Full year 2022 earnings released: EPS: ₫3,195 (vs ₫3,254 in FY 2021)

Upcoming dividend of ₫1,300 per share

Binh Duong Water - Environment Joint Stock Company Proposes Cash Dividend for the Year 2022, Payable on April 26, 2023

Now 20% undervalued

Price target decreased to ₫56,801

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ₫846 (vs ₫691 in 3Q 2021)

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: ₫901 (vs ₫742 in 2Q 2021)

Now 22% undervalued

Price target increased to ₫60,600

Now 21% undervalued

Less than half of directors are independent

Investor sentiment improved over the past week

Binh Duong Water - Environment Joint Stock Company (HOSE:BWE) acquired a 48.86% stake in Can Tho 2 Water Supply Joint Stock Company.

Now 21% undervalued

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2021 earnings: EPS exceeds analyst expectations

Upcoming dividend of ₫1,200 per share

Third quarter 2021 earnings released: EPS ₫691 (vs ₫744 in 3Q 2020)

Price target increased to ₫37,300

Second quarter 2021 earnings released: EPS ₫741 (vs ₫599 in 2Q 2020)

First quarter 2021 earnings released: EPS ₫763 (vs ₫728 in 1Q 2020)

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS ₫2,748 (vs ₫2,540 in FY 2019)

New 90-day high: ₫34,150

New 90-day high: ₫31,900

Market bids up stock over the past week

New 90-day high: ₫28,100

Binh Duong Water - Environment Joint Stock Company announced that it has received ¥900 million in funding from JFE Engineering Corporation

New 90-day low: ₫24,700

Third quarter earnings released

Binh Duong Water - Environment Joint Stock Company Appoints Le Ngoc Lan Thao as Person in Charge of Corporate Governance

New 90-day high: ₫26,600

Thu Dau Mot Water Joint Stock Company (HOSE:TDM) agreed to acquire an additional stake in Binh Duong Water - Environment Joint Stock Company (HOSE:BWE).

Shareholder Returns