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HDW
UtilitiesCông ty Cổ phần Kinh doanh Nước sạch Hải Dương
Điện, nước & xăng dầu khí đốt/Nước & Khí đốtCT
17.800
VND · Last close
Valuation Verdict
Overvalued
-120%Fair Value+120%
Intrinsic Value
15.788
Current
17.800
Gap
-11.3%
ModelDDM 3STAGE
Valuation Breakdown
CT→Điện, nước & xăng dầu khí đốt→Utility
Classified as utility because ICB sector "Điện, nước & xăng dầu khí đốt" maps to the utility group
Model3-Stage DDM
Value = Sum of [DPS x (1+g)^t / (1+Ke)^t] + Terminal Dividend / (Ke - g_terminal)The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
1
Cost of Equity (Ke)
Risk-Free (Rf)
4.50%
+
Betasector default
0.600
x
ERP
4.25%
+
CRP
2.75%
=
Cost of Equity (Ke)
8.70%
2
Growth Estimate
fundamental equity blend3.58%
3
Model Inputs
DPS source:Actual dividends
DPS→791
Payout ratio→54.4%
4
Valuation
Dividends Per Share
791
Base Growth
3.58%
Cost of Equity
8.70%
Terminal Growth
3.50%
DDM Value
15.788
Value Decomposition
25%
75%
Explicit period (25%)Terminal value (75%)
Valuation Track Record
Retroactive intrinsic value vs actual close price — HDW
Earnings Quality
Fiscal year 2025
92
Good
Accrual Quality
63Cash Conversion
100Receivables
100Margin Stability
100Revenue Quality
97Quantitative Scores
F-Score
6/9
Neutral
Z-Score
1.63
Distress Zone
Sharpe
0.37
Positive
Composite
70
Strong
Price Risk
Momentum
+23.5%
Volatility
89.4%
Max Drawdown
-20.7%
Key Ratios
Fiscal year 2025
10.19P/E
P/B1.04
P/S0.82
ROE10.4%
ROA5.3%
EPS1521.72
BVPS14862.60
Gross Margin27.0%
Net Margin8.0%
D/E0.92
Current Ratio0.46
Rev Growth6.0%
Profit Growth5.4%
EV/EBITDA3.58
Div Yield0.0%
Company Overview
Issued Shares
31.9M
Charter Capital
318.8B VND
Sector (ICB L2)
Điện, nước & xăng dầu khí đốt
Industry (ICB L3)
Nước & Khí đốt
Sub-industry
Nước
Company Type
CT
// OWNERSHIP_NETWORK
> mapping common ownership for HDW — hover nodes for intel, click to navigate
Computed 12/04/2026