Vietnamese (HOSE) Construction and Engineering Industry Analysis

Industry Valuation and Performance

Has the Vietnamese Construction and Engineering Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 11 Jul 2026	₫196.3t	₫220.8t	₫15.0t	11.7x	13x	0.9x
Mon, 08 Jun 2026	₫194.7t	₫221.2t	₫15.1t	12x	12.9x	0.9x
Wed, 06 May 2026	₫165.7t	₫214.5t	₫14.9t	11.7x	11.1x	0.8x
Fri, 03 Apr 2026	₫175.9t	₫211.5t	₫15.2t	11.4x	11.6x	0.8x
Sun, 01 Mar 2026	₫179.9t	₫211.0t	₫14.9t	13x	12x	0.9x
Tue, 27 Jan 2026	₫169.4t	₫195.0t	₫12.8t	13.6x	13.2x	0.9x
Thu, 25 Dec 2025	₫171.3t	₫193.1t	₫12.7t	13x	13.5x	0.9x
Sat, 22 Nov 2025	₫178.1t	₫193.2t	₫12.7t	13.9x	14x	0.9x
Mon, 20 Oct 2025	₫177.7t	₫181.2t	₫7.7t	18.3x	23x	1x
Wed, 17 Sep 2025	₫185.4t	₫178.9t	₫7.3t	18.4x	25.5x	1x
Fri, 15 Aug 2025	₫188.7t	₫178.5t	₫7.3t	19.2x	26x	1.1x
Sun, 13 Jul 2025	₫161.6t	₫173.4t	₫7.1t	20.2x	22.8x	0.9x
Tue, 10 Jun 2025	₫153.3t	₫171.0t	₫7.0t	19.6x	22x	0.9x
Thu, 08 May 2025	₫145.8t	₫168.3t	₫7.3t	19.3x	19.9x	0.9x
Sat, 05 Apr 2025	₫147.0t	₫165.4t	₫7.8t	18.3x	18.8x	0.9x
Mon, 03 Mar 2025	₫174.5t	₫147.3t	₫6.8t	20.7x	25.8x	1.2x
Wed, 29 Jan 2025	₫164.8t	₫127.1t	₫6.1t	19.1x	27.1x	1.3x
Fri, 27 Dec 2024	₫168.0t	₫118.7t	₫5.9t	20.5x	28.4x	1.4x
Sun, 24 Nov 2024	₫164.9t	₫119.3t	₫6.1t	16.2x	26.9x	1.4x
Tue, 22 Oct 2024	₫168.7t	₫111.1t	₫5.5t	18.2x	30.7x	1.5x
Thu, 19 Sep 2024	₫173.7t	₫107.3t	₫5.3t	19x	32.5x	1.6x
Sat, 17 Aug 2024	₫179.2t	₫114.4t	₫5.6t	18.2x	32x	1.6x
Mon, 15 Jul 2024	₫188.3t	₫98.7t	₫5.2t	21x	35.9x	1.9x
Wed, 12 Jun 2024	₫191.6t	₫98.8t	₫5.2t	19.8x	36.5x	1.9x
Fri, 10 May 2024	₫182.2t	₫96.7t	₫4.7t	21.6x	39.1x	1.9x
Sun, 07 Apr 2024	₫184.8t	₫82.8t	₫4.5t	24.9x	40.6x	2.2x
Tue, 05 Mar 2024	₫180.5t	₫82.6t	₫4.5t	24.9x	39.7x	2.2x
Thu, 01 Feb 2024	₫171.7t	₫82.2t	₫3.4t	25x	50.7x	2.1x
Sat, 30 Dec 2023	₫171.8t	₫81.0t	₫3.2t	22.5x	53.3x	2.1x
Mon, 27 Nov 2023	₫164.7t	₫81.2t	₫3.2t	21.1x	51x	2x
Wed, 25 Oct 2023	₫163.3t	₫82.8t	₫840.3b	28.7x	194.3x	2x
Fri, 22 Sep 2023	₫182.8t	₫83.0t	₫778.6b	32.3x	234.8x	2.2x
Sun, 20 Aug 2023	₫157.3t	₫83.0t	₫727.5b	30.3x	216.3x	1.9x
Tue, 18 Jul 2023	₫155.3t	₫85.2t	₫2.9t	24.8x	53.5x	1.8x

Current Industry PE

Investors are pessimistic on the Vietnamese Construction and Engineering 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 13.0x which is lower than its 3-year average PE of 45.8x.

The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.89x.

Past Earnings Growth

The earnings for companies in the Construction and Engineering industry have grown 73% per year over the last three years.
Revenues for these companies have grown 37% 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 Construction and Engineering compare with similar industries?


VN Market	-1.79%
Industrials	-2.81%
Construction	-1.12%
Construction and Engineering	-1.12%

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
THD Thaiholdings	₫150.00k	1.8% +₫1.0t	433.8%	PE553.1x
HBC Hoa Binh Construction Group	₫5.75k	11.0% +₫197.9b	-42.8%	PE5.9x
MST MST Investment	₫9.50k	6.7% +₫68.2b	68.5%	PE46.8x
C32 3-2 Investment And Construction	₫17.10k	13.6% +₫61.6b	90.0%	PE14.7x
L18 Construction and Investment Stock Company No 18	₫17.30k	5.5% +₫51.5b	-27.2%	PE5.9x

Company

Last Price

Valuation

THD Thaiholdings

₫150.00k

1.8%
+₫1.0t

433.8%

PE553.1x

HBC Hoa Binh Construction Group

₫5.75k

11.0%
+₫197.9b

-42.8%

PE5.9x

MST MST Investment

₫9.50k

6.7%
+₫68.2b

68.5%

PE46.8x

C32 3-2 Investment And Construction

₫17.10k

13.6%
+₫61.6b

90.0%

PE14.7x

L18 Construction and Investment Stock Company No 18

₫17.30k

5.5%
+₫51.5b

-27.2%

PE5.9x

New major risk - Revenue and earnings growth

Earnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₫920.2b market cap, or US$35.0m).

Vietnamese (HOSE) Construction and Engineering Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Upcoming dividend of ₫800 per share

Upcoming dividend of ₫300 per share

Upcoming dividend of ₫1,500 per share

Now 21% overvalued

New minor risk - Dividend sustainability

New minor risk - Share price stability

Upcoming dividend of ₫500 per share

Deputy Chairman of the Board recently sold ₫5.5b worth of stock

Dividend of ₫600 announced

New minor risk - Share price stability

First quarter 2026 earnings released: EPS: ₫360 (vs ₫100 in 1Q 2025)

New minor risk - Share price stability

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Now 21% undervalued

Hoa Binh Construction Group Joint Stock Company, Annual General Meeting, Apr 24, 2026