Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies698
- 7D-2.9%
- 3M2.0%
- 1Y2.1%
- YTD7.9%
Over the last 7 days, the market has dropped 2.9%, driven by declines in every sector, especially the Financials sector. Although the market performance has been flat over the past year. Earnings are forecast to grow by 19% annually.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ₫5273.8t | ₫2933.4t | ₫324.3t | 15.3x | 16.3x | 1.8x |
| Sun, 23 Jun 2024 | ₫5436.5t | ₫2924.1t | ₫320.7t | 16.1x | 17x | 1.9x |
| Tue, 21 May 2024 | ₫5429.2t | ₫2812.7t | ₫346.4t | 15.1x | 15.7x | 1.9x |
| Thu, 18 Apr 2024 | ₫5073.7t | ₫2804.2t | ₫341.7t | 14.5x | 14.8x | 1.8x |
| Sat, 16 Mar 2024 | ₫5352.0t | ₫2810.6t | ₫346.2t | 15x | 15.5x | 1.9x |
| Mon, 12 Feb 2024 | ₫5073.9t | ₫2797.9t | ₫338.8t | 14.1x | 15x | 1.8x |
| Wed, 10 Jan 2024 | ₫4929.0t | ₫2819.4t | ₫322.4t | 13.6x | 15.3x | 1.7x |
| Fri, 08 Dec 2023 | ₫4778.6t | ₫2819.0t | ₫320.1t | 13.4x | 14.9x | 1.7x |
| Sun, 05 Nov 2023 | ₫4589.1t | ₫2772.7t | ₫315.0t | 12.7x | 14.6x | 1.7x |
| Tue, 03 Oct 2023 | ₫4889.8t | ₫2739.9t | ₫320.2t | 13.9x | 15.3x | 1.8x |
| Thu, 31 Aug 2023 | ₫5109.3t | ₫2740.2t | ₫321.9t | 14.2x | 15.9x | 1.9x |
| Sat, 29 Jul 2023 | ₫5060.4t | ₫2701.9t | ₫315.4t | 13.9x | 16x | 1.9x |
| Mon, 26 Jun 2023 | ₫4738.2t | ₫2731.4t | ₫315.8t | 12.6x | 15x | 1.7x |
| Wed, 24 May 2023 | ₫4474.9t | ₫2725.8t | ₫315.0t | 12.1x | 14.2x | 1.6x |
| Fri, 21 Apr 2023 | ₫4400.9t | ₫2787.5t | ₫336.4t | 11.4x | 13.1x | 1.6x |
| Sun, 19 Mar 2023 | ₫3723.7t | ₫2560.2t | ₫294.4t | 10.1x | 12.6x | 1.5x |
| Tue, 14 Feb 2023 | ₫4419.0t | ₫2789.5t | ₫349.8t | 10x | 12.6x | 1.6x |
| Thu, 12 Jan 2023 | ₫4666.6t | ₫2681.5t | ₫354.5t | 9.8x | 13.2x | 1.7x |
| Sat, 10 Dec 2022 | ₫4649.3t | ₫2685.8t | ₫359.0t | 9.7x | 13x | 1.7x |
| Mon, 07 Nov 2022 | ₫4390.0t | ₫2662.8t | ₫358.9t | 9.8x | 12.2x | 1.6x |
| Wed, 05 Oct 2022 | ₫4773.2t | ₫2531.9t | ₫345.8t | 11.1x | 13.8x | 1.9x |
| Fri, 02 Sep 2022 | ₫5399.9t | ₫2531.4t | ₫347.1t | 12.7x | 15.6x | 2.1x |
| Sun, 31 Jul 2022 | ₫5076.5t | ₫2495.4t | ₫360.1t | 12.2x | 14.1x | 2x |
| Tue, 28 Jun 2022 | ₫5051.6t | ₫2509.4t | ₫348.3t | 12.7x | 14.5x | 2x |
| Thu, 26 May 2022 | ₫5201.2t | ₫2460.9t | ₫348.2t | 12.9x | 14.9x | 2.1x |
| Sat, 23 Apr 2022 | ₫5812.9t | ₫2409.2t | ₫333.2t | 14.6x | 17.4x | 2.4x |
| Mon, 21 Mar 2022 | ₫6236.6t | ₫2454.0t | ₫336.2t | 16.1x | 18.6x | 2.5x |
| Wed, 16 Feb 2022 | ₫6252.1t | ₫2449.4t | ₫338.1t | 15x | 18.5x | 2.6x |
| Fri, 14 Jan 2022 | ₫6235.7t | ₫2292.8t | ₫320.5t | 16x | 19.5x | 2.7x |
| Sun, 12 Dec 2021 | ₫6086.9t | ₫2306.6t | ₫322.8t | 16.5x | 18.9x | 2.6x |
| Tue, 09 Nov 2021 | ₫6066.7t | ₫2294.0t | ₫322.3t | 16.2x | 18.8x | 2.6x |
| Thu, 07 Oct 2021 | ₫5497.7t | ₫2284.9t | ₫309.7t | 14.2x | 17.7x | 2.4x |
| Sat, 04 Sep 2021 | ₫5516.6t | ₫2419.4t | ₫315.7t | 13.8x | 17.5x | 2.3x |
| Mon, 02 Aug 2021 | ₫5272.6t | ₫2419.4t | ₫315.7t | 12.3x | 16.7x | 2.2x |
Price to Earnings Ratio
16.7x
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 Market | -2.90% | |
| Real Estate | -0.15% | |
| Consumer Staples | -1.14% | |
| Utilities | -2.20% | |
| Tech | -2.82% | |
| Industrials | -2.87% | |
| Energy | -2.88% | |
| Healthcare | -3.11% | |
| Financials | -3.44% | |
| Consumer Discretionary | -4.15% | |
| Telecom | -5.36% | |
| Materials | -5.56% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 38.3% which is higher than its past year's earnings decline of 14.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|---|
| BCM Investment and Industrial Development Corporation - JSC | ₫72.50k | 6.9% +₫4.9t | -7.1% | n/a | Real Estate | |
| MSN Masan Group | ₫74.00k | 4.2% +₫4.3t | -14.1% | PE345.4x | Consumer Staples | |
| VIC Vingroup | ₫41.60k | 2.1% +₫3.2t | -19.2% | PE41.4x | Real Estate | |
| FPT FPT | ₫128.00k | 1.6% +₫2.9t | 74.4% | PE28.4x | Tech | |
| SSB Southeast Asia Commercial Bank | ₫21.95k | 4.3% +₫2.2t | -26.1% | PB1.8x | Financials |
