Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJun 08, 2023
DataAggregated Company Financials
Companies754
- 7D3.2%
- 3M5.3%
- 1Y-15.9%
- YTD5.8%
Over the last 7 days, the market has risen 3.2%, driven by gains of 4.0% in the Financials sector. Longer term the market is actually down 16% over the past year. As for the next few years, earnings are expected to grow by 17% 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, 08 Jun 2023 | ₫4658.3t | ₫2730.5t | ₫315.6t | 12.7x | 14.8x | 1.7x |
| Sat, 06 May 2023 | ₫4367.3t | ₫2753.8t | ₫324.1t | 11.9x | 13.5x | 1.6x |
| Mon, 03 Apr 2023 | ₫4460.1t | ₫2790.8t | ₫343.7t | 10.6x | 13x | 1.6x |
| Wed, 01 Mar 2023 | ₫4337.3t | ₫2789.3t | ₫344.7t | 10.2x | 12.6x | 1.6x |
| Fri, 27 Jan 2023 | ₫4883.2t | ₫2689.4t | ₫353.6t | 10.3x | 13.8x | 1.8x |
| Sun, 25 Dec 2022 | ₫4511.7t | ₫2696.6t | ₫359.4t | 9.5x | 12.6x | 1.7x |
| Tue, 22 Nov 2022 | ₫4225.0t | ₫2679.4t | ₫358.6t | 8.9x | 11.8x | 1.6x |
| Thu, 20 Oct 2022 | ₫4675.8t | ₫2534.8t | ₫347.0t | 10.6x | 13.5x | 1.8x |
| Sat, 17 Sep 2022 | ₫5205.7t | ₫2534.8t | ₫347.3t | 12.4x | 15x | 2.1x |
| Mon, 15 Aug 2022 | ₫5333.0t | ₫2537.6t | ₫348.9t | 12.5x | 15.3x | 2.1x |
| Wed, 13 Jul 2022 | ₫4943.6t | ₫2473.4t | ₫345.0t | 12.3x | 14.3x | 2x |
| Fri, 10 Jun 2022 | ₫5496.5t | ₫2503.1t | ₫348.4t | 13.6x | 15.8x | 2.2x |
| Sun, 08 May 2022 | ₫5595.2t | ₫2441.4t | ₫346.1t | 13.8x | 16.2x | 2.3x |
| Tue, 05 Apr 2022 | ₫6453.6t | ₫2404.2t | ₫329.2t | 16.4x | 19.6x | 2.7x |
| Thu, 03 Mar 2022 | ₫6273.9t | ₫2450.3t | ₫338.2t | 16.1x | 18.6x | 2.6x |
| Sat, 29 Jan 2022 | ₫6143.2t | ₫2336.3t | ₫325.4t | 15x | 18.9x | 2.6x |
| Mon, 27 Dec 2021 | ₫6151.6t | ₫2306.3t | ₫323.9t | 16.6x | 19x | 2.7x |
| Wed, 24 Nov 2021 | ₫6069.9t | ₫2293.0t | ₫322.9t | 16.4x | 18.8x | 2.6x |
| Fri, 22 Oct 2021 | ₫5689.2t | ₫2282.8t | ₫310.3t | 15x | 18.3x | 2.5x |
| Sun, 19 Sep 2021 | ₫5543.6t | ₫2285.7t | ₫309.5t | 13.7x | 17.9x | 2.4x |
| Tue, 17 Aug 2021 | ₫5525.2t | ₫2419.4t | ₫315.7t | 13x | 17.5x | 2.3x |
| Tue, 01 Jun 2021 | ₫5304.5t | ₫2267.0t | ₫284.8t | 12.7x | 18.6x | 2.3x |
| Fri, 05 Mar 2021 | ₫4613.0t | ₫2221.9t | ₫238.0t | 12.7x | 19.4x | 2.1x |
| Mon, 07 Dec 2020 | ₫3858.2t | ₫2196.4t | ₫219.1t | 11.1x | 17.6x | 1.8x |
| Thu, 10 Sep 2020 | ₫3301.3t | ₫2185.7t | ₫214.6t | 10.5x | 15.4x | 1.5x |
Price to Earnings Ratio
14.3x
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 16.1x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 14% per year over the last three years.
- Revenues for these companies have grown 8.0% 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 | 3.16% | |
| Materials | 4.75% | |
| Consumer Discretionary | 4.36% | |
| Financials | 4.01% | |
| Real Estate | 2.67% | |
| Energy | 2.42% | |
| Industrials | 2.25% | |
| Healthcare | 1.97% | |
| Tech | 1.94% | |
| Consumer Staples | 1.73% | |
| Utilities | 1.29% | |
| Telecom | -0.25% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 28.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 44.6% which is higher than its past year's earnings decline of 10.4% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.4x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Real Estate industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫100.00k | 6.5% +₫28.9t | 28.5% | PB3.3x | Financials | |
| VHM Vinhomes | ₫55.40k | 4.5% +₫10.5t | -18.9% | PE6.7x | Real Estate | |
| HPG Hoa Phat Group | ₫22.80k | 6.5% +₫8.1t | -12.3% | PE213.2x | Materials | |
| MBB Military Commercial Bank | ₫20.00k | 6.4% +₫5.4t | -13.7% | PB1.1x | Financials | |
| TCB Vietnam Technological and Commercial Bank | ₫31.75k | 4.8% +₫5.1t | -15.1% | PB1x | Financials |
Market Insights
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