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Vietnamese (HOSE) Banks Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies20
- 7D3.1%
- 3M0.2%
- 1Y21.7%
- YTD20.4%
Over the last 7 days, the Banks industry has risen 3.1%, driven by gains from Vietnam Commercial Bank for Industry and Trade of 7.3%. This takes the industry's 12 month performance to a gain of 22%. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Vietnamese Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Dec 2024 | ₫2137.3t | ₫468.2t | ₫212.8t | 9.1x | 10x | 4.6x |
| Wed, 27 Nov 2024 | ₫2053.0t | ₫469.0t | ₫213.6t | 8.8x | 9.6x | 4.4x |
| Fri, 25 Oct 2024 | ₫2085.6t | ₫456.3t | ₫205.7t | 9.3x | 10.1x | 4.6x |
| Sun, 22 Sep 2024 | ₫2066.1t | ₫455.1t | ₫204.6t | 8.5x | 10.1x | 4.5x |
| Tue, 20 Aug 2024 | ₫2010.5t | ₫455.3t | ₫204.9t | 8.3x | 9.8x | 4.4x |
| Thu, 18 Jul 2024 | ₫2030.0t | ₫429.2t | ₫193.7t | 8.6x | 10.5x | 4.7x |
| Sat, 15 Jun 2024 | ₫2009.8t | ₫429.9t | ₫194.7t | 8.1x | 10.3x | 4.7x |
| Mon, 13 May 2024 | ₫1999.8t | ₫429.9t | ₫192.6t | 7.8x | 10.4x | 4.7x |
| Wed, 10 Apr 2024 | ₫2049.9t | ₫424.6t | ₫194.7t | 8.1x | 10.5x | 4.8x |
| Fri, 08 Mar 2024 | ₫2060.0t | ₫419.5t | ₫192.3t | 8.3x | 10.7x | 4.9x |
| Sun, 04 Feb 2024 | ₫1887.7t | ₫417.1t | ₫190.4t | 8.5x | 9.9x | 4.5x |
| Tue, 02 Jan 2024 | ₫1735.7t | ₫404.9t | ₫178.8t | 7.3x | 9.7x | 4.3x |
| Thu, 30 Nov 2023 | ₫1702.8t | ₫397.1t | ₫175.5t | 6.9x | 9.7x | 4.3x |
| Sat, 28 Oct 2023 | ₫1675.7t | ₫394.1t | ₫175.8t | 6.5x | 9.5x | 4.3x |
| Mon, 25 Sep 2023 | ₫1781.8t | ₫395.3t | ₫176.9t | 6.9x | 10.1x | 4.5x |
| Wed, 23 Aug 2023 | ₫1763.2t | ₫395.3t | ₫176.7t | 6.9x | 10x | 4.5x |
| Fri, 21 Jul 2023 | ₫1747.4t | ₫384.2t | ₫171.7t | 7.1x | 10.2x | 4.5x |
| Sun, 18 Jun 2023 | ₫1695.2t | ₫374.0t | ₫166.7t | 7.4x | 10.2x | 4.5x |
| Tue, 16 May 2023 | ₫1603.2t | ₫382.2t | ₫172.8t | 6.7x | 9.3x | 4.2x |
| Thu, 13 Apr 2023 | ₫1603.0t | ₫374.3t | ₫171.9t | 7x | 9.3x | 4.3x |
| Sat, 11 Mar 2023 | ₫1595.9t | ₫374.2t | ₫171.7t | 6.5x | 9.3x | 4.3x |
| Mon, 06 Feb 2023 | ₫1594.0t | ₫373.2t | ₫170.8t | 6.9x | 9.3x | 4.3x |
| Wed, 04 Jan 2023 | ₫1502.8t | ₫358.0t | ₫160.2t | 6.3x | 9.4x | 4.2x |
| Fri, 02 Dec 2022 | ₫1428.5t | ₫366.5t | ₫164.0t | 6.1x | 8.7x | 3.9x |
| Sun, 30 Oct 2022 | ₫1338.3t | ₫357.1t | ₫157.7t | 6x | 8.5x | 3.7x |
| Tue, 27 Sep 2022 | ₫1428.4t | ₫332.4t | ₫145.4t | 7.3x | 9.8x | 4.3x |
| Thu, 25 Aug 2022 | ₫1629.9t | ₫330.8t | ₫145.2t | 8.3x | 11.2x | 4.9x |
| Sat, 23 Jul 2022 | ₫1521.1t | ₫309.5t | ₫133.4t | 9x | 11.4x | 4.9x |
| Mon, 20 Jun 2022 | ₫1434.3t | ₫314.1t | ₫133.4t | 8.8x | 10.8x | 4.6x |
| Wed, 18 May 2022 | ₫1522.9t | ₫314.1t | ₫133.4t | 10.4x | 11.4x | 4.8x |
| Fri, 15 Apr 2022 | ₫1826.2t | ₫297.2t | ₫121.9t | 14.3x | 15x | 6.1x |
| Sun, 13 Mar 2022 | ₫1830.9t | ₫294.6t | ₫125.8t | 13.6x | 14.6x | 6.2x |
| Tue, 08 Feb 2022 | ₫1988.8t | ₫295.4t | ₫126.0t | 14.1x | 15.8x | 6.7x |
| Thu, 06 Jan 2022 | ₫1836.4t | ₫293.4t | ₫120.7t | 14.4x | 15.2x | 6.3x |
Price to Earnings Ratio
15.2x
Current Industry PE
- Investors are relatively neutral on the Vietnamese Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.6x.
- The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Vietnamese Financials industry?
| VN Market | 1.63% | |
| Financials | 2.87% | |
| Banks | 3.11% | |
| Diversified Banks | 3.12% | |
| Regional Banks | 1.67% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 4kx.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| CTG Vietnam Commercial Bank for Industry and Trade | ₫38.90k | 7.3% +₫14.2t | 43.5% | PB1.5x | |
| HDB Ho Chi Minh City Development Commercial Bank | ₫26.65k | 13.9% +₫11.4t | 57.5% | PB1.8x | |
| LPB Fortune Vietnam Commercial Bank | ₫31.55k | 10.0% +₫8.6t | 134.0% | PB2.8x | |
| STB Saigon Thuong Tin Commercial Bank | ₫37.85k | 9.7% +₫6.3t | 35.4% | PB1.4x | |
| MBB Military Commercial Bank | ₫24.80k | 3.1% +₫4.0t | 33.0% | PB1.2x |