Thu Dau Mot Water JSC (TDM) - Net Assets

Latest as of March 2026: ₫2.69 Trillion VND ≈ $102.21 Million USD

Based on the latest financial reports, Thu Dau Mot Water JSC (TDM) has net assets worth ₫2.69 Trillion VND (≈ $102.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫3.45 Trillion ≈ $131.24 Million USD) and total liabilities (₫763.88 Billion ≈ $29.02 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Thu Dau Mot Water JSC PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₫2.69 Trillion
% of Total Assets	77.89%
Annual Growth Rate	9.32%
5-Year Change	39.97%
10-Year Change	N/A
Growth Volatility	8.32

Thu Dau Mot Water JSC - Net Assets Trend (2020–2025)

This chart illustrates how Thu Dau Mot Water JSC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Thu Dau Mot Water JSC market cap and net worth.

Annual Net Assets for Thu Dau Mot Water JSC (2020–2025)

The table below shows the annual net assets of Thu Dau Mot Water JSC from 2020 to 2025. Also explore TDM shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	₫2.58 Trillion ≈ $98.21 Million	+2.64%
2024-12-31	₫2.52 Trillion ≈ $95.68 Million	+23.65%
2023-12-31	₫2.04 Trillion ≈ $77.38 Million	-0.20%
2022-12-31	₫2.04 Trillion ≈ $77.54 Million	+10.51%
2021-12-31	₫1.85 Trillion ≈ $70.16 Million	+11.56%
2020-12-31	₫1.66 Trillion ≈ $62.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thu Dau Mot Water JSC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 47.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₫380.05 Billion	14.70%
Other Components	₫2.20 Trillion	85.30%
Total Equity	₫2.58 Trillion	100.00%

Thu Dau Mot Water JSC Competitors by Market Cap

The table below lists competitors of Thu Dau Mot Water JSC ranked by their market capitalization.

Company	Market Cap
Summarecon Agung Tbk JK:SMRA	$249.57 Million
Hunan Copote Science Technology Co Ltd SHG:600476	$249.60 Million
Tanco Holdings Bhd KLSE:2429	$249.61 Million
NELCO Limited NSE:NELCO	$249.67 Million
Super-Dragon Engineering Plastics Co. Ltd SHE:301131	$249.45 Million
Launch Two Acquisition Corp. Class A Ordinary Shares NASDAQ:LPBB	$249.32 Million
Pacific Smiles Group Ltd AU:PSQ	$249.29 Million
Leenos Corp KQ:039980	$249.15 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thu Dau Mot Water JSC's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,518,214,075,404 to 2,584,815,387,082, a change of 66,601,311,678 (2.6%).
Net income of 209,881,718,632 contributed positively to equity growth.
Dividend payments of 154,000,000,000 reduced retained earnings.
New share issuances of 27,072,222,222 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₫209.88 Billion	+8.12%
Dividends Paid	₫154.00 Billion	-5.96%
Share Issuances	₫27.07 Billion	+1.05%
Other Changes	₫-16.35 Billion	-0.63%
Total Change	₫-	2.64%

Book Value vs Market Value Analysis

This analysis compares Thu Dau Mot Water JSC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.54x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.66x to 2.54x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2020-12-31	₫16139.53	₫59100.00	x
2021-12-31	₫18004.87	₫59100.00	x
2022-12-31	₫19897.30	₫59100.00	x
2023-12-31	₫20366.36	₫59100.00	x
2024-12-31	₫22892.86	₫59100.00	x
2025-12-31	₫23265.67	₫59100.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thu Dau Mot Water JSC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.12%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 41.47%
• Asset Turnover: 0.15x
• Equity Multiplier: 1.31x
Recent ROE (8.12%) is below the historical average (11.53%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2020	10.45%	44.85%	0.16x	1.44x	₫7.42 Billion
2021	17.79%	78.80%	0.17x	1.30x	₫143.95 Billion
2022	10.80%	46.02%	0.20x	1.18x	₫16.31 Billion
2023	13.92%	53.22%	0.20x	1.28x	₫79.79 Billion
2024	8.12%	37.55%	0.18x	1.20x	₫-47.41 Billion
2025	8.12%	41.47%	0.15x	1.31x	₫-48.60 Billion

Industry Comparison

This section compares Thu Dau Mot Water JSC's net assets metrics with peer companies in the Utilities - Regulated Water industry.

No peer company data available for comparison.

About Thu Dau Mot Water JSC

VN:TDM Vietnam Utilities - Regulated Water

Market Cap

$249.47 Million

₫6.57 Trillion VND

Market Cap Rank

#15784 Global

#80 in Vietnam

Share Price

₫59100.00

Change (1 day)

-1.17%

52-Week Range

₫53200.00 - ₫63000.00

All Time High

₫63000.00