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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedFeb 10, 2025
DataAggregated Company Financials
Companies692
- 7D1.1%
- 3M2.8%
- 1Y5.9%
- YTD1.0%
The market has climbed 1.1% in the last 7 days, lead by the Financials sector with a gain of 1.8%. In contrast, the Information Technology sector is lagging, dropping 4.4%. The market is up 5.9% over the last 12 months. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Mon, 10 Feb 2025 | ₫5563.6t | ₫3385.7t | ₫415.2t | 13.9x | 13.4x | 1.6x |
| Wed, 08 Jan 2025 | ₫5350.4t | ₫3007.2t | ₫372.4t | 13.8x | 14.4x | 1.8x |
| Fri, 06 Dec 2024 | ₫5424.4t | ₫3011.7t | ₫374.0t | 14.1x | 14.5x | 1.8x |
| Sun, 03 Nov 2024 | ₫5372.3t | ₫2967.5t | ₫363.2t | 14x | 14.8x | 1.8x |
| Tue, 01 Oct 2024 | ₫5506.9t | ₫2934.8t | ₫361.5t | 14.2x | 15.2x | 1.9x |
| Thu, 29 Aug 2024 | ₫5489.2t | ₫2933.0t | ₫360.7t | 14.9x | 15.2x | 1.9x |
| Sat, 27 Jul 2024 | ₫5310.3t | ₫2933.7t | ₫324.3t | 15.3x | 16.4x | 1.8x |
| Mon, 24 Jun 2024 | ₫5436.7t | ₫2924.1t | ₫320.7t | 16.1x | 17x | 1.9x |
| Wed, 22 May 2024 | ₫5428.0t | ₫2812.7t | ₫346.4t | 15.1x | 15.7x | 1.9x |
| Fri, 19 Apr 2024 | ₫5073.0t | ₫2804.1t | ₫341.0t | 14.5x | 14.9x | 1.8x |
| Sun, 17 Mar 2024 | ₫5352.0t | ₫2810.8t | ₫346.2t | 15x | 15.5x | 1.9x |
| Tue, 13 Feb 2024 | ₫5072.8t | ₫2798.0t | ₫338.8t | 14.1x | 15x | 1.8x |
| Thu, 11 Jan 2024 | ₫4939.7t | ₫2818.4t | ₫322.4t | 13.6x | 15.3x | 1.8x |
| Sat, 09 Dec 2023 | ₫4790.5t | ₫2819.1t | ₫320.1t | 13.4x | 15x | 1.7x |
| Mon, 06 Nov 2023 | ₫4589.2t | ₫2772.9t | ₫314.9t | 12.7x | 14.6x | 1.7x |
| Wed, 04 Oct 2023 | ₫4889.8t | ₫2740.0t | ₫320.2t | 13.7x | 15.3x | 1.8x |
| Fri, 01 Sep 2023 | ₫5153.7t | ₫2738.7t | ₫321.6t | 14.5x | 16x | 1.9x |
| Sun, 30 Jul 2023 | ₫5060.5t | ₫2700.0t | ₫315.2t | 13.9x | 16.1x | 1.9x |
| Tue, 27 Jun 2023 | ₫4749.3t | ₫2731.4t | ₫315.8t | 12.6x | 15x | 1.7x |
| Thu, 25 May 2023 | ₫4458.8t | ₫2725.8t | ₫315.0t | 12.1x | 14.2x | 1.6x |
| Sat, 22 Apr 2023 | ₫4377.1t | ₫2786.5t | ₫336.2t | 11.4x | 13x | 1.6x |
| Mon, 20 Mar 2023 | ₫4427.0t | ₫2794.8t | ₫344.8t | 10.4x | 12.8x | 1.6x |
| Wed, 15 Feb 2023 | ₫4398.7t | ₫2790.0t | ₫349.8t | 10.1x | 12.6x | 1.6x |
| Fri, 13 Jan 2023 | ₫4664.6t | ₫2681.5t | ₫354.5t | 9.8x | 13.2x | 1.7x |
| Sun, 11 Dec 2022 | ₫4649.3t | ₫2685.8t | ₫359.0t | 9.7x | 13x | 1.7x |
| Tue, 08 Nov 2022 | ₫4288.2t | ₫2663.4t | ₫358.1t | 9.4x | 12x | 1.6x |
| Thu, 06 Oct 2022 | ₫4886.7t | ₫2531.9t | ₫345.8t | 11.4x | 14.1x | 1.9x |
| Sat, 03 Sep 2022 | ₫5400.3t | ₫2529.8t | ₫347.0t | 12.7x | 15.6x | 2.1x |
| Mon, 01 Aug 2022 | ₫5076.5t | ₫2506.0t | ₫359.4t | 12.2x | 14.1x | 2x |
| Wed, 29 Jun 2022 | ₫5118.0t | ₫2509.4t | ₫348.3t | 12.7x | 14.7x | 2x |
| Fri, 27 May 2022 | ₫5201.2t | ₫2460.9t | ₫348.2t | 12.9x | 14.9x | 2.1x |
| Sun, 24 Apr 2022 | ₫5812.4t | ₫2405.3t | ₫333.6t | 14.5x | 17.4x | 2.4x |
| Tue, 22 Mar 2022 | ₫6343.2t | ₫2454.0t | ₫336.1t | 16.2x | 18.9x | 2.6x |
| Thu, 17 Feb 2022 | ₫6254.0t | ₫2449.7t | ₫338.1t | 15.5x | 18.5x | 2.6x |
Price to Earnings Ratio
18.5x
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 13.4x which is lower than its 3-year average PE of 14.9x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 7.1% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 1.10% | |
| Materials | 3.80% | |
| Telecom | 2.72% | |
| Industrials | 1.81% | |
| Financials | 1.77% | |
| Healthcare | 1.12% | |
| Energy | 0.86% | |
| Real Estate | 0.35% | |
| Utilities | 0.34% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Staples | -0.49% | |
| Consumer Discretionary | -1.28% | |
| Tech | -4.39% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 13.3x.
- 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 10.9x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 9.3% per year.
- In contrast, the Real Estate sector is expected to see its earnings grow by 4.0% 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 | |
|---|---|---|---|---|---|---|
| KSV Vinacomin - Minerals Holding | ₫242.00k | 48.4% +₫15.8t | 783.2% | PE39.4x | Materials | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫40.30k | 5.9% +₫12.1t | 13.5% | PB1.5x | Financials | |
| TCB Vietnam Technological and Commercial Bank | ₫25.75k | 6.2% +₫10.6t | 38.1% | PB1.3x | Financials | |
| BID Commercial Bank for Investment and Development of Vietnam | ₫40.35k | 2.4% +₫6.6t | -0.3% | PB2x | Financials | |
| MBB Military Commercial Bank | ₫22.90k | 3.9% +₫5.2t | 12.1% | PB1.2x | Financials |
