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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJan 10, 2025
DataAggregated Company Financials
Companies693
- 7D-1.8%
- 3M-3.2%
- 1Y6.0%
- YTD-1.8%
Over the last 7 days, the market has dropped 1.8%, driven by declines in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 6.0% over the past year. As for the next few years, earnings are expected to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Sat, 11 Jan 2025 | ₫5347.9t | ₫3014.9t | ₫372.4t | 14x | 14.4x | 1.8x |
| Mon, 09 Dec 2024 | ₫5432.8t | ₫3011.7t | ₫374.0t | 14.2x | 14.5x | 1.8x |
| Wed, 06 Nov 2024 | ₫5332.7t | ₫3012.9t | ₫373.9t | 13.8x | 14.3x | 1.8x |
| Fri, 04 Oct 2024 | ₫5465.3t | ₫2936.1t | ₫361.7t | 14x | 15.1x | 1.9x |
| Sun, 01 Sep 2024 | ₫5499.2t | ₫2933.9t | ₫360.4t | 14.8x | 15.3x | 1.9x |
| Tue, 30 Jul 2024 | ₫5326.9t | ₫2934.8t | ₫324.1t | 15.3x | 16.4x | 1.8x |
| Thu, 27 Jun 2024 | ₫5335.9t | ₫2920.9t | ₫320.8t | 16x | 16.6x | 1.8x |
| Sat, 25 May 2024 | ₫5359.7t | ₫2816.6t | ₫346.3t | 15x | 15.5x | 1.9x |
| Mon, 22 Apr 2024 | ₫4999.3t | ₫2800.0t | ₫337.9t | 14.3x | 14.8x | 1.8x |
| Wed, 20 Mar 2024 | ₫5276.8t | ₫2814.7t | ₫313.6t | 15x | 16.8x | 1.9x |
| Fri, 16 Feb 2024 | ₫5090.9t | ₫2798.0t | ₫340.5t | 14.3x | 15x | 1.8x |
| Sun, 14 Jan 2024 | ₫4911.9t | ₫2820.0t | ₫322.6t | 13.6x | 15.2x | 1.7x |
| Tue, 12 Dec 2023 | ₫4795.1t | ₫2819.1t | ₫320.1t | 13.2x | 15x | 1.7x |
| Thu, 09 Nov 2023 | ₫4744.9t | ₫2824.1t | ₫319.2t | 12.9x | 14.9x | 1.7x |
| Sat, 07 Oct 2023 | ₫4783.9t | ₫2739.9t | ₫320.2t | 14x | 14.9x | 1.7x |
| Mon, 04 Sep 2023 | ₫5153.7t | ₫2739.0t | ₫320.7t | 14.3x | 16.1x | 1.9x |
| Wed, 02 Aug 2023 | ₫5099.3t | ₫2754.0t | ₫317.4t | 13.8x | 16.1x | 1.9x |
| Fri, 30 Jun 2023 | ₫4720.9t | ₫2731.4t | ₫315.8t | 12.6x | 14.9x | 1.7x |
| Sun, 28 May 2023 | ₫4467.6t | ₫2726.8t | ₫315.1t | 12.1x | 14.2x | 1.6x |
| Tue, 25 Apr 2023 | ₫4371.9t | ₫2781.0t | ₫334.2t | 11.6x | 13.1x | 1.6x |
| Thu, 23 Mar 2023 | ₫4359.4t | ₫2794.7t | ₫344.8t | 10.4x | 12.6x | 1.6x |
| Sat, 18 Feb 2023 | ₫4482.1t | ₫2789.8t | ₫346.8t | 10.1x | 12.9x | 1.6x |
| Mon, 16 Jan 2023 | ₫4675.8t | ₫2681.5t | ₫354.5t | 9.8x | 13.2x | 1.7x |
| Wed, 14 Dec 2022 | ₫4638.4t | ₫2685.8t | ₫359.0t | 9.9x | 12.9x | 1.7x |
| Fri, 11 Nov 2022 | ₫4173.2t | ₫2668.6t | ₫358.0t | 9.1x | 11.7x | 1.6x |
| Sun, 09 Oct 2022 | ₫4586.1t | ₫2531.9t | ₫345.7t | 10.8x | 13.3x | 1.8x |
| Tue, 06 Sep 2022 | ₫5389.3t | ₫2531.2t | ₫347.1t | 12.6x | 15.5x | 2.1x |
| Thu, 04 Aug 2022 | ₫5254.7t | ₫2528.1t | ₫363.9t | 12.2x | 14.4x | 2.1x |
| Sat, 02 Jul 2022 | ₫5039.7t | ₫2479.8t | ₫345.2t | 12.6x | 14.6x | 2x |
| Mon, 30 May 2022 | ₫5415.2t | ₫2508.5t | ₫348.2t | 12.9x | 15.6x | 2.2x |
| Wed, 27 Apr 2022 | ₫5645.4t | ₫2413.2t | ₫334.7t | 13.8x | 16.9x | 2.3x |
| Fri, 25 Mar 2022 | ₫6360.0t | ₫2454.7t | ₫336.0t | 16.7x | 18.9x | 2.6x |
| Sun, 20 Feb 2022 | ₫6312.3t | ₫2450.3t | ₫338.1t | 15.5x | 18.7x | 2.6x |
| Tue, 18 Jan 2022 | ₫6052.6t | ₫2292.8t | ₫320.5t | 15.8x | 18.9x | 2.6x |
Price to Earnings Ratio
18.9x
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 15.0x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 5.1% per year over the last three years.
- Revenues for these companies have grown 9.6% 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 | -1.78% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.60% | |
| Energy | -1.26% | |
| Financials | -1.39% | |
| Utilities | -1.52% | |
| Industrials | -1.94% | |
| Healthcare | -2.13% | |
| Tech | -2.52% | |
| Materials | -3.03% | |
| Consumer Staples | -3.12% | |
| Consumer Discretionary | -3.76% | |
| Telecom | -4.29% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 9.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 11.1x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 1.7% per year.
- In contrast, the Utilities 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 | |
|---|---|---|---|---|---|---|
| BID Commercial Bank for Investment and Development of Vietnam | ₫39.10k | 2.4% +₫6.2t | 2.9% | PB2x | Financials | |
| KSV Vinacomin - Minerals Holding | ₫130.90k | 16.5% +₫3.7t | 359.3% | PE32.4x | Materials | |
| SSB Southeast Asia Commercial Bank | ₫17.40k | 3.6% +₫1.7t | -15.7% | PB1.6x | Financials | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫37.50k | 0.8% +₫1.6t | 19.0% | PB1.4x | Financials | |
| SJS SJ Group | ₫84.90k | 19.2% +₫1.6t | 24.9% | PE43.1x | Real Estate |
