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NQN
UtilitiesCông ty Cổ phần Nước sạch Quảng Ninh
Điện, nước & xăng dầu khí đốt/Nước & Khí đốtCT
14.000
VND · Last close
Valuation Verdict
Overvalued
-120%Fair Value+120%
Intrinsic Value
5.888
Current
14.000
Gap
-57.9%
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 blend4.64%
3
Model Inputs
DPS source:Actual dividends
DPS→284
Payout ratio→24.7%
4
Valuation
Dividends Per Share
284
Base Growth
4.64%
Cost of Equity
8.70%
Terminal Growth
3.50%
DDM Value
5.888
Value Decomposition
25%
75%
Explicit period (25%)Terminal value (75%)
Valuation Track Record
Retroactive intrinsic value vs actual close price — NQN
Earnings Quality
Fiscal year 2025
59
Fair
Accrual Quality
45Cash Conversion
100Receivables
25Margin Stability
94Revenue Quality
29Quantitative Scores
F-Score
4/9
Neutral
Z-Score
1.42
Distress Zone
Sharpe
-0.22
Negative
Composite
29
Poor
Price Risk
Momentum
-21.5%
Volatility
63.4%
Max Drawdown
-33.4%
Key Ratios
Fiscal year 2025
9.79P/E
P/B0.96
P/S0.74
ROE9.9%
ROA5.6%
EPS1297.31
BVPS13282.53
Gross Margin20.0%
Net Margin7.6%
D/E0.83
Current Ratio0.55
Rev Growth7.1%
Profit Growth16.1%
EV/EBITDA3.38
Div Yield0.0%
Company Overview
Issued Shares
50.8M
Charter Capital
508.3B 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 NQN — hover nodes for intel, click to navigate
Computed 12/04/2026