Vietnamese (HOSE) Coal and Fuels Industry Analysis

Industry Valuation and Performance

Has the Vietnamese Coal and Fuels Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 20 Sep 2026	₫3.1t	₫26.2t	₫376.7b	5.4x	8.3x	0.1x
Tue, 18 Aug 2026	₫3.3t	₫26.2t	₫382.9b	5.2x	8.5x	0.1x
Thu, 16 Jul 2026	₫3.5t	₫24.7t	₫495.8b	5.8x	7.1x	0.1x
Sat, 13 Jun 2026	₫3.5t	₫24.8t	₫523.9b	5.9x	6.8x	0.1x
Mon, 11 May 2026	₫3.7t	₫24.8t	₫523.9b	6.3x	7x	0.1x
Wed, 08 Apr 2026	₫3.9t	₫25.7t	₫469.2b	6.6x	8.3x	0.2x
Fri, 06 Mar 2026	₫4.2t	₫26.0t	₫517.3b	7x	8.1x	0.2x
Sun, 01 Feb 2026	₫4.1t	₫26.0t	₫517.3b	6.3x	7.8x	0.2x
Tue, 30 Dec 2025	₫3.6t	₫24.0t	₫596.1b	3.4x	6.1x	0.2x
Thu, 27 Nov 2025	₫3.9t	₫19.2t	₫399.7b	3.2x	9.7x	0.2x
Sat, 25 Oct 2025	₫3.9t	₫18.8t	₫332.3b	3.7x	11.8x	0.2x
Mon, 22 Sep 2025	₫3.9t	₫18.8t	₫154.9b	6.2x	25.3x	0.2x
Wed, 20 Aug 2025	₫4.0t	₫18.8t	₫154.9b	6.5x	26x	0.2x
Fri, 18 Jul 2025	₫4.0t	₫19.3t	₫223.4b	5.5x	18x	0.2x
Sun, 15 Jun 2025	₫3.5t	₫19.3t	₫223.4b	5.5x	15.7x	0.2x
Tue, 13 May 2025	₫3.8t	₫19.3t	₫223.4b	5.6x	16.9x	0.2x
Thu, 10 Apr 2025	₫3.9t	₫19.2t	₫326.4b	4.6x	12x	0.2x
Sat, 08 Mar 2025	₫4.2t	₫19.2t	₫317.5b	5.6x	13.2x	0.2x
Mon, 03 Feb 2025	₫3.7t	₫19.2t	₫317.5b	5.3x	11.6x	0.2x
Wed, 01 Jan 2025	₫3.6t	₫9.5t	₫123.0b	3.9x	29.7x	0.4x
Fri, 29 Nov 2024	₫3.7t	₫9.5t	₫123.0b	3.9x	30.2x	0.4x
Sun, 27 Oct 2024	₫3.8t	₫10.1t	₫259.5b	3.8x	14.5x	0.4x
Tue, 24 Sep 2024	₫3.8t	₫10.1t	₫259.5b	4.1x	14.7x	0.4x
Thu, 22 Aug 2024	₫4.0t	₫10.1t	₫259.5b	4.2x	15.3x	0.4x
Sat, 20 Jul 2024	₫4.2t	₫10.4t	₫268.7b	4.2x	15.5x	0.4x
Mon, 17 Jun 2024	₫4.9t	₫16.6t	₫434.0b	4.2x	11.4x	0.3x
Wed, 15 May 2024	₫5.1t	₫16.6t	₫434.0b	4.5x	11.6x	0.3x
Fri, 12 Apr 2024	₫5.0t	₫16.8t	₫430.1b	4.6x	11.7x	0.3x
Sun, 10 Mar 2024	₫4.7t	₫16.8t	₫430.1b	4.3x	11x	0.3x
Tue, 06 Feb 2024	₫4.7t	₫16.8t	₫430.1b	4.2x	11x	0.3x
Thu, 04 Jan 2024	₫4.7t	₫17.9t	₫581.2b	3.9x	8.1x	0.3x
Sat, 02 Dec 2023	₫4.5t	₫17.9t	₫581.2b	3.6x	7.8x	0.3x
Mon, 30 Oct 2023	₫4.3t	₫14.3t	₫564.9b	3.5x	7.6x	0.3x
Wed, 27 Sep 2023	₫4.4t	₫10.7t	₫161.8b	4.3x	27.4x	0.4x

Current Industry PE

Investors are pessimistic on the Vietnamese Coal and Consumable Fuels industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 8.3x which is lower than its 3-year average PE of 14.3x.

The industry is trading close to its 3-year average PS ratio of 0.25x.

Past Earnings Growth

The earnings for companies in the Coal and Consumable Fuels industry have grown 33% per year over the last three years.
Revenues for these companies have grown 35% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Vietnamese Coal and Fuels compare with similar industries?


VN Market	1.09%
Energy	7.27%
Oil and Gas	7.90%
Coal and Fuels	0.15%
Oil and Gas Refining and Marketing	9.44%
Oil and Gas Storage and Transportation	5.04%
Oil and Gas Exploration and Production	0.91%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
TD6 Deo Nai - Coc Sau - TKV Coal	₫6.30k	5.0% +₫18.6b	-22.2%	n/a
NBC Vinacomin - Nui Beo Coal JSC	₫8.00k	6.7% +₫18.5b	-10.1%	PE5.5x
TVD Vinacomin - Vang Danh Coal	₫9.00k	3.4% +₫13.5b	-12.6%	PE5.3x
MDC Vinacomin - Mong Duong Coal	₫8.40k	2.4% +₫4.3b	-15.2%	PE7.8x
THT Vinacomin - Ha Tu Coal JSC	₫7.10k	1.4% +₫2.5b	-12.3%	PE2.3x

Company

Last Price

Valuation

TD6 Deo Nai - Coc Sau - TKV Coal

₫6.30k

5.0%
+₫18.6b

-22.2%

n/a

NBC Vinacomin - Nui Beo Coal JSC

₫8.00k

6.7%
+₫18.5b

-10.1%

PE5.5x

TVD Vinacomin - Vang Danh Coal

₫9.00k

3.4%
+₫13.5b

-12.6%

PE5.3x

MDC Vinacomin - Mong Duong Coal

₫8.40k

2.4%
+₫4.3b

-15.2%

PE7.8x

THT Vinacomin - Ha Tu Coal JSC

₫7.10k

1.4%
+₫2.5b

-12.3%

PE2.3x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Revenue has declined by 16% over the past year. High level of non-cash earnings (33% accrual ratio). Market cap is less than US$10m (₫182.1b market cap, or US$6.92m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin).

Vietnamese (HOSE) Coal and Fuels Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

New major risk - Earnings quality

Second quarter 2026 earnings released: EPS: ₫336 (vs ₫410 in 2Q 2025)

New minor risk - Dividend sustainability

New major risk - Earnings quality

Second quarter 2026 earnings released: EPS: ₫296 (vs ₫1,291 in 2Q 2025)

Deo Nai - Coc Sau - TKV Coal Joint Stock Company, Annual General Meeting, Apr 21, 2026