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Vietnamese (HOSE) Market Analysis & Valuation

UpdatedJun 22, 2024
DataAggregated Company Financials
Companies698
  • 7D0.05%
  • 3M-0.6%
  • 1Y11.8%
  • YTD11.7%

The Communication Services sector gained 5.0% while the market remained flat over the last week. Meanwhile, the market is actually up 12% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

Has the Vietnamese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Jun 2024₫5433.3t₫2924.0t₫320.7t16.1x16.9x1.9x
Tue, 21 May 2024₫5429.2t₫2812.7t₫346.4t15.1x15.7x1.9x
Thu, 18 Apr 2024₫5073.7t₫2804.2t₫341.7t14.5x14.8x1.8x
Sat, 16 Mar 2024₫5352.0t₫2810.6t₫346.2t15x15.5x1.9x
Mon, 12 Feb 2024₫5073.9t₫2797.9t₫338.8t14.1x15x1.8x
Wed, 10 Jan 2024₫4929.0t₫2819.4t₫322.4t13.6x15.3x1.7x
Fri, 08 Dec 2023₫4778.6t₫2819.0t₫320.1t13.4x14.9x1.7x
Sun, 05 Nov 2023₫4589.1t₫2772.7t₫315.0t12.7x14.6x1.7x
Tue, 03 Oct 2023₫4889.8t₫2739.9t₫320.2t13.9x15.3x1.8x
Thu, 31 Aug 2023₫5109.3t₫2740.2t₫321.9t14.2x15.9x1.9x
Sat, 29 Jul 2023₫5060.4t₫2701.9t₫315.4t13.9x16x1.9x
Mon, 26 Jun 2023₫4738.2t₫2731.4t₫315.8t12.6x15x1.7x
Wed, 24 May 2023₫4474.9t₫2725.8t₫315.0t12.1x14.2x1.6x
Fri, 21 Apr 2023₫4400.9t₫2787.5t₫336.4t11.4x13.1x1.6x
Sun, 19 Mar 2023₫3723.7t₫2560.2t₫294.4t10.1x12.6x1.5x
Tue, 14 Feb 2023₫4419.0t₫2789.5t₫349.8t10x12.6x1.6x
Thu, 12 Jan 2023₫4666.6t₫2681.5t₫354.5t9.8x13.2x1.7x
Sat, 10 Dec 2022₫4649.3t₫2685.8t₫359.0t9.7x13x1.7x
Mon, 07 Nov 2022₫4390.0t₫2662.8t₫358.9t9.8x12.2x1.6x
Wed, 05 Oct 2022₫4773.2t₫2531.9t₫345.8t11.1x13.8x1.9x
Fri, 02 Sep 2022₫5399.9t₫2531.4t₫347.1t12.7x15.6x2.1x
Sun, 31 Jul 2022₫5076.5t₫2495.4t₫360.1t12.2x14.1x2x
Tue, 28 Jun 2022₫5051.6t₫2509.4t₫348.3t12.7x14.5x2x
Thu, 26 May 2022₫5201.2t₫2460.9t₫348.2t12.9x14.9x2.1x
Sat, 23 Apr 2022₫5812.9t₫2409.2t₫333.2t14.6x17.4x2.4x
Mon, 21 Mar 2022₫6236.6t₫2454.0t₫336.2t16.1x18.6x2.5x
Wed, 16 Feb 2022₫6252.1t₫2449.4t₫338.1t15x18.5x2.6x
Fri, 14 Jan 2022₫6235.7t₫2292.8t₫320.5t16x19.5x2.7x
Sun, 12 Dec 2021₫6086.9t₫2306.6t₫322.8t16.5x18.9x2.6x
Tue, 09 Nov 2021₫6066.7t₫2294.0t₫322.3t16.2x18.8x2.6x
Thu, 07 Oct 2021₫5497.7t₫2284.9t₫309.7t14.2x17.7x2.4x
Sat, 04 Sep 2021₫5516.6t₫2419.4t₫315.7t13.8x17.5x2.3x
Mon, 02 Aug 2021₫5272.6t₫2419.4t₫315.7t12.3x16.7x2.2x
Price to Earnings Ratio

17.8x


Total Market Cap: ₫5601.1tTotal Earnings: ₫314.8tTotal Revenue: ₫2416.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Market Price to Earnings3Y Average 15.6x202220232024
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 15.6x.
Past Earnings Growth
  • The earnings for Vietnamese listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 6.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Vietnamese Market?

VN Market0.053%
Telecom4.99%
Tech3.57%
Materials2.90%
Healthcare1.90%
Energy1.75%
Utilities1.66%
Consumer Discretionary1.33%
Industrials0.92%
Financials-0.85%
Real Estate-1.36%
Consumer Staples-1.39%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 24.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.9% which is higher than its past year's earnings decline of 21.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 6.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
HVN Vietnam Airlines JSC₫35.15k14.9%
+₫10.1t
145.8%PS0.8xIndustrials
FPT FPT₫136.10k3.9%
+₫7.4t
111.5%PE32xTech
VPB Vietnam Prosperity Commercial Bank₫19.60k4.8%
+₫7.1t
-3.0%PB1.1xFinancials
SSB Southeast Asia Commercial Bank₫23.75k8.0%
+₫4.4t
-12.5%PB2xFinancials
GVR Vietnam Rubber Group -₫34.55k4.7%
+₫4.3t
81.8%n/aMaterials
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Market Insights

Over the past few weeks we had a look at the healthcare sector which has underperformed over the last two years. Another underperforming group of stocks...

Latest News

VPB

₫19,600.00

Vietnam Prosperity Commercial Bank

7D

4.8%

1Y

-3.0%

SSB

₫23,750.00

Southeast Asia Commercial Bank

7D

8.0%

1Y

-12.5%

LPB

₫28,800.00

Lien Viet Post Commercial Bank

7D

4.7%

1Y

123.3%

BID

₫45,600.00

Commercial Bank for Investment and Development of Vietnam

7D

-4.0%

1Y

16.0%

FPT

₫136,100.00

FPT

7D

3.9%

1Y

111.5%

SAB

₫61,500.00

Saigon Beer - Alcohol - Beverage

7D

-3.0%

1Y

-21.4%

HDB

₫23,150.00

Ho Chi Minh City Development Commercial Bank

7D

-3.3%

1Y

42.7%

VND

₫16,200.00

VNDIRECT Securities

7D

-9.2%

1Y

-13.7%

PGV

₫26,000.00

Power Generation Corporation 3

7D

13.5%

1Y

2.8%

HVN

₫35,150.00

Vietnam Airlines JSC

7D

14.9%

1Y

145.8%

VCB

₫86,000.00

Commercial Bank for Foreign Trade of Vietnam

7D

-1.7%

1Y

1.7%

VRE

₫20,000.00

Vincom Retail

7D

-6.8%

1Y

-25.5%

GVR

₫34,550.00

Vietnam Rubber Group -

7D

4.7%

1Y

81.8%

GAS

₫77,900.00

Petrovietnam Gas

7D

-1.4%

1Y

-1.8%