Vietnamese (HOSE) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies706
- 7D0.3%
- 3M2.5%
- 1Y14.3%
- YTD5.8%
The market has been flat over the last week. As for the longer term, the market has risen 14% in the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | ₫5145.3t | ₫2773.9t | ₫338.8t | 14.5x | 15.2x | 1.9x |
| Sat, 30 Mar 2024 | ₫5454.3t | ₫2814.2t | ₫346.9t | 15.1x | 15.7x | 1.9x |
| Mon, 26 Feb 2024 | ₫5124.4t | ₫2798.8t | ₫340.9t | 14.4x | 15x | 1.8x |
| Wed, 24 Jan 2024 | ₫5006.7t | ₫2818.1t | ₫322.2t | 13.2x | 15.5x | 1.8x |
| Fri, 22 Dec 2023 | ₫4701.0t | ₫2829.2t | ₫323.9t | 13.1x | 14.5x | 1.7x |
| Sun, 19 Nov 2023 | ₫4692.5t | ₫2819.9t | ₫320.0t | 12.8x | 14.7x | 1.7x |
| Tue, 17 Oct 2023 | ₫4893.8t | ₫2739.9t | ₫320.2t | 13.8x | 15.3x | 1.8x |
| Thu, 14 Sep 2023 | ₫5235.2t | ₫2747.5t | ₫321.0t | 14.3x | 16.3x | 1.9x |
| Sat, 12 Aug 2023 | ₫5181.6t | ₫2741.6t | ₫321.9t | 14.1x | 16.1x | 1.9x |
| Mon, 10 Jul 2023 | ₫4770.2t | ₫2725.9t | ₫318.3t | 12.7x | 15x | 1.7x |
| Wed, 07 Jun 2023 | ₫4651.3t | ₫2730.5t | ₫315.6t | 12.7x | 14.7x | 1.7x |
| Fri, 05 May 2023 | ₫4367.1t | ₫2752.3t | ₫323.9t | 11.9x | 13.5x | 1.6x |
| Sun, 02 Apr 2023 | ₫4460.1t | ₫2790.8t | ₫343.7t | 10.6x | 13x | 1.6x |
| Tue, 28 Feb 2023 | ₫4322.7t | ₫2789.3t | ₫344.7t | 10.2x | 12.5x | 1.5x |
| Thu, 26 Jan 2023 | ₫4883.2t | ₫2678.1t | ₫352.3t | 10.3x | 13.9x | 1.8x |
| Sat, 24 Dec 2022 | ₫4511.7t | ₫2696.6t | ₫359.4t | 9.5x | 12.6x | 1.7x |
| Mon, 21 Nov 2022 | ₫4257.8t | ₫2679.3t | ₫358.6t | 8.8x | 11.9x | 1.6x |
| Wed, 19 Oct 2022 | ₫4695.2t | ₫2534.6t | ₫346.9t | 10.7x | 13.5x | 1.9x |
| Fri, 16 Sep 2022 | ₫5255.7t | ₫2534.8t | ₫347.3t | 12.6x | 15.1x | 2.1x |
| Sun, 14 Aug 2022 | ₫5320.6t | ₫2537.6t | ₫348.9t | 12.4x | 15.2x | 2.1x |
| Tue, 12 Jul 2022 | ₫4861.8t | ₫2473.4t | ₫345.0t | 12x | 14.1x | 2x |
| Thu, 09 Jun 2022 | ₫5539.0t | ₫2502.7t | ₫348.3t | 13.2x | 15.9x | 2.2x |
| Sat, 07 May 2022 | ₫5718.1t | ₫2441.5t | ₫346.1t | 13.8x | 16.5x | 2.3x |
| Mon, 04 Apr 2022 | ₫6425.9t | ₫2404.3t | ₫331.3t | 16.2x | 19.4x | 2.7x |
| Wed, 02 Mar 2022 | ₫6331.1t | ₫2450.3t | ₫338.2t | 16.1x | 18.7x | 2.6x |
| Fri, 28 Jan 2022 | ₫6104.7t | ₫2325.1t | ₫324.6t | 15.1x | 18.8x | 2.6x |
| Sun, 26 Dec 2021 | ₫6151.6t | ₫2306.3t | ₫323.9t | 16.6x | 19x | 2.7x |
| Tue, 23 Nov 2021 | ₫6001.7t | ₫2294.3t | ₫323.2t | 15.9x | 18.6x | 2.6x |
| Thu, 21 Oct 2021 | ₫5727.4t | ₫2281.7t | ₫309.9t | 15x | 18.5x | 2.5x |
| Sat, 18 Sep 2021 | ₫5543.5t | ₫2285.7t | ₫309.5t | 13.7x | 17.9x | 2.4x |
| Mon, 16 Aug 2021 | ₫5551.1t | ₫2419.4t | ₫315.7t | 13.1x | 17.6x | 2.3x |
| Mon, 31 May 2021 | ₫5304.5t | ₫2267.0t | ₫284.8t | 12.7x | 18.6x | 2.3x |
Price to Earnings Ratio
17.3x
Current Market PE
- Investors are relatively neutral on the Vietnamese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 15.7x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 6.0% per year over the last three years.
- Revenues for these companies have grown 7.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Vietnamese Market?
| VN Market | 0.26% | |
| Consumer Discretionary | 2.84% | |
| Tech | 2.23% | |
| Real Estate | 1.36% | |
| Consumer Staples | 0.94% | |
| Industrials | 0.49% | |
| Telecom | 0.46% | |
| Energy | 0.25% | |
| Healthcare | 0.14% | |
| Materials | -0.076% | |
| Financials | -0.36% | |
| Utilities | -1.05% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 38.7% which is higher than its past year's earnings decline of 23.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Real Estate sector is expected to see its earnings grow by 3.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| VIC Vingroup | ₫44.40k | 5.7% +₫8.9t | -13.5% | PE18.4x | Real Estate | |
| FPT FPT | ₫127.30k | 3.3% +₫5.2t | 86.5% | PE26x | Tech | |
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫91.90k | 1.0% +₫5.0t | 22.6% | PB3.1x | Financials | |
| HDB Ho Chi Minh City Development Commercial Bank | ₫23.65k | 5.1% +₫3.3t | 44.7% | PB1.5x | Financials | |
| SAB Saigon Beer - Alcohol - Beverage | ₫56.60k | 4.0% +₫2.8t | -32.1% | PE17.9x | Consumer Staples |
