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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies691
- 7D0.6%
- 3M-0.2%
- 1Y-4.3%
- YTD-3.4%
The Information Technology sector gained 4.3% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 4.3%. Earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Sun, 13 Apr 2025 | ₫5332.4t | ₫3562.4t | ₫417.7t | 13.4x | 12.8x | 1.5x |
| Tue, 11 Mar 2025 | ₫5797.5t | ₫3463.2t | ₫422.2t | 14.4x | 13.7x | 1.7x |
| Thu, 06 Feb 2025 | ₫5531.2t | ₫3357.5t | ₫413.4t | 13.8x | 13.4x | 1.6x |
| Sat, 04 Jan 2025 | ₫5383.9t | ₫3005.7t | ₫372.4t | 14.2x | 14.5x | 1.8x |
| Mon, 02 Dec 2024 | ₫5337.2t | ₫3010.2t | ₫374.0t | 13.8x | 14.3x | 1.8x |
| Wed, 30 Oct 2024 | ₫5400.0t | ₫2955.2t | ₫358.4t | 14.1x | 15.1x | 1.8x |
| Fri, 27 Sep 2024 | ₫5517.9t | ₫2925.6t | ₫361.6t | 14.2x | 15.3x | 1.9x |
| Sun, 25 Aug 2024 | ₫5504.0t | ₫2932.9t | ₫360.7t | 15x | 15.3x | 1.9x |
| Tue, 23 Jul 2024 | ₫5356.3t | ₫2929.5t | ₫326.7t | 15.6x | 16.4x | 1.8x |
| Thu, 20 Jun 2024 | ₫5417.4t | ₫2923.9t | ₫320.7t | 16.1x | 16.9x | 1.9x |
| Sat, 18 May 2024 | ₫5410.6t | ₫2812.7t | ₫346.3t | 15x | 15.6x | 1.9x |
| Mon, 15 Apr 2024 | ₫5422.0t | ₫2804.6t | ₫342.7t | 15.1x | 15.8x | 1.9x |
| Wed, 13 Mar 2024 | ₫5274.4t | ₫2810.5t | ₫344.3t | 14.7x | 15.3x | 1.9x |
| Fri, 09 Feb 2024 | ₫5073.9t | ₫2799.8t | ₫336.0t | 14.1x | 15.1x | 1.8x |
| Sun, 07 Jan 2024 | ₫4912.0t | ₫2819.4t | ₫322.4t | 13.5x | 15.2x | 1.7x |
| Tue, 05 Dec 2023 | ₫4774.2t | ₫2819.1t | ₫320.1t | 13.2x | 14.9x | 1.7x |
| Thu, 02 Nov 2023 | ₫4425.8t | ₫2779.5t | ₫317.0t | 12.8x | 14x | 1.6x |
| Sat, 30 Sep 2023 | ₫4886.3t | ₫2743.9t | ₫320.3t | 14.1x | 15.3x | 1.8x |
| Mon, 28 Aug 2023 | ₫4985.1t | ₫2740.2t | ₫321.7t | 13.9x | 15.5x | 1.8x |
| Wed, 26 Jul 2023 | ₫5010.9t | ₫2711.7t | ₫317.2t | 13.5x | 15.8x | 1.8x |
| Fri, 23 Jun 2023 | ₫4696.6t | ₫2731.4t | ₫315.8t | 12.7x | 14.9x | 1.7x |
| Sun, 21 May 2023 | ₫4478.2t | ₫2716.4t | ₫315.2t | 12.2x | 14.2x | 1.6x |
| Tue, 18 Apr 2023 | ₫4419.4t | ₫2790.6t | ₫339.7t | 11.1x | 13x | 1.6x |
| Thu, 16 Mar 2023 | ₫4488.6t | ₫2791.8t | ₫344.4t | 10.4x | 13x | 1.6x |
| Sat, 11 Feb 2023 | ₫4467.1t | ₫2781.5t | ₫350.4t | 10.3x | 12.7x | 1.6x |
| Mon, 09 Jan 2023 | ₫4643.9t | ₫2681.5t | ₫354.5t | 9.6x | 13.1x | 1.7x |
| Wed, 07 Dec 2022 | ₫4619.0t | ₫2685.9t | ₫359.0t | 9.7x | 12.9x | 1.7x |
| Fri, 04 Nov 2022 | ₫4509.4t | ₫2599.2t | ₫354.2t | 9.9x | 12.7x | 1.7x |
| Sun, 02 Oct 2022 | ₫4785.8t | ₫2534.4t | ₫346.2t | 11.6x | 13.8x | 1.9x |
| Tue, 30 Aug 2022 | ₫5366.2t | ₫2538.1t | ₫348.3t | 12.6x | 15.4x | 2.1x |
| Thu, 28 Jul 2022 | ₫5013.5t | ₫2496.3t | ₫352.0t | 12.3x | 14.2x | 2x |
| Sat, 25 Jun 2022 | ₫4981.1t | ₫2509.7t | ₫348.4t | 12.5x | 14.3x | 2x |
| Mon, 23 May 2022 | ₫5221.8t | ₫2510.2t | ₫348.8t | 12.7x | 15x | 2.1x |
| Wed, 20 Apr 2022 | ₫5938.2t | ₫2399.1t | ₫324.0t | 15.5x | 18.3x | 2.5x |
Price to Earnings Ratio
18.3x
Current Market PE
- Investors are pessimistic on the Vietnamese market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 12.8x which is lower than its 3-year average PE of 14.6x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 8.8% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 0.63% | |
| Tech | 4.31% | |
| Healthcare | 3.83% | |
| Real Estate | 3.59% | |
| Consumer Staples | 0.99% | |
| Financials | 0.96% | |
| Utilities | -0.32% | |
| Consumer Discretionary | -0.43% | |
| Industrials | -1.42% | |
| Energy | -3.08% | |
| Materials | -3.93% | |
| Telecom | -4.12% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 23.0x.
- Analysts expect its future annual earnings growth (23.6%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.6x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 17% 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 | ₫65.10k | 11.7% +₫25.3t | 34.4% | PE21.4x | Real Estate | |
| VHM Vinhomes | ₫53.50k | 6.4% +₫13.1t | 20.2% | PE6.9x | Real Estate | |
| FPT FPT | ₫118.50k | 4.9% +₫8.1t | 18.0% | PE24.1x | Tech | |
| SAB Saigon Beer - Alcohol - Beverage | ₫49.00k | 13.0% +₫7.2t | -12.5% | PE14.9x | Consumer Staples | |
| TCB Vietnam Technological and Commercial Bank | ₫26.60k | 3.5% +₫6.4t | 12.2% | PB1.3x | Financials |
