Vietnamese (HOSE) Electrical Industry Analysis

Industry Valuation and Performance

Has the Vietnamese Electrical Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 01 Jun 2026	₫113.8t	₫88.9t	₫5.6t	18.9x	20.4x	1.3x
Wed, 29 Apr 2026	₫106.6t	₫83.3t	₫5.4t	19.9x	19.8x	1.3x
Fri, 27 Mar 2026	₫100.4t	₫83.5t	₫5.4t	20.3x	18.6x	1.2x
Sun, 22 Feb 2026	₫105.5t	₫83.5t	₫5.4t	20.8x	19.6x	1.3x
Tue, 20 Jan 2026	₫128.3t	₫79.8t	₫6.0t	17.6x	21.4x	1.6x
Thu, 18 Dec 2025	₫110.0t	₫79.5t	₫6.0t	17.2x	18.3x	1.4x
Sat, 15 Nov 2025	₫111.5t	₫79.5t	₫6.0t	14.1x	18.6x	1.4x
Mon, 13 Oct 2025	₫110.1t	₫77.8t	₫5.5t	13.5x	20.1x	1.4x
Wed, 10 Sep 2025	₫91.9t	₫77.0t	₫4.1t	13.7x	22.4x	1.2x
Fri, 08 Aug 2025	₫101.9t	₫77.2t	₫4.1t	16.2x	24.8x	1.3x
Sun, 06 Jul 2025	₫78.0t	₫73.2t	₫3.9t	19x	19.8x	1.1x
Tue, 03 Jun 2025	₫73.9t	₫72.9t	₫3.9t	17.5x	18.8x	1x
Thu, 01 May 2025	₫58.5t	₫74.0t	₫4.1t	13.9x	14.4x	0.8x
Sat, 29 Mar 2025	₫48.7t	₫72.6t	₫4.0t	12.7x	12.3x	0.7x
Mon, 24 Feb 2025	₫43.2t	₫73.9t	₫4.0t	11.1x	10.7x	0.6x
Wed, 22 Jan 2025	₫33.4t	₫49.3t	₫1.9t	14.8x	18x	0.7x
Fri, 20 Dec 2024	₫33.7t	₫48.8t	₫1.8t	20.8x	18.7x	0.7x
Sun, 17 Nov 2024	₫33.1t	₫48.8t	₫1.8t	20.9x	18.4x	0.7x
Tue, 15 Oct 2024	₫35.5t	₫47.0t	₫1.8t	22.1x	19.7x	0.8x
Thu, 12 Sep 2024	₫35.0t	₫46.9t	₫1.8t	23x	19.4x	0.7x
Sat, 10 Aug 2024	₫25.9t	₫46.9t	₫1.8t	23.1x	14.4x	0.6x
Mon, 08 Jul 2024	₫31.2t	₫55.5t	₫1.6t	36.7x	20.1x	0.6x
Wed, 05 Jun 2024	₫32.1t	₫55.4t	₫1.6t	38.3x	20.7x	0.6x
Fri, 03 May 2024	₫29.2t	₫55.3t	₫1.5t	33.6x	18.9x	0.5x
Sun, 31 Mar 2024	₫33.1t	₫53.9t	₫1.3t	64.2x	24.8x	0.6x
Tue, 27 Feb 2024	₫29.8t	₫54.3t	₫1.4t	40.1x	21.8x	0.5x
Thu, 25 Jan 2024	₫30.5t	₫53.2t	₫1.3t	26.7x	23.4x	0.6x
Sat, 23 Dec 2023	₫31.4t	₫52.6t	₫1.3t	26.4x	23.7x	0.6x
Mon, 20 Nov 2023	₫30.4t	₫52.6t	₫1.3t	26.7x	23x	0.6x
Wed, 18 Oct 2023	₫30.6t	₫51.8t	₫1.2t	36x	24.8x	0.6x
Fri, 15 Sep 2023	₫33.5t	₫51.8t	₫1.2t	40.9x	27.4x	0.6x
Sun, 13 Aug 2023	₫31.6t	₫51.8t	₫1.2t	30.1x	25.9x	0.6x
Tue, 11 Jul 2023	₫28.9t	₫53.8t	₫940.6b	47.7x	30.7x	0.5x
Thu, 08 Jun 2023	₫27.6t	₫53.8t	₫940.6b	47.7x	29.3x	0.5x

Current Industry PE

Investors are relatively neutral on the Vietnamese Electrical 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 21.0x.

The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Electrical industry have grown 81% per year over the last three years.
Revenues for these companies have grown 18% 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 Industrials industry?


VN Market	-0.39%
Industrials	1.34%
Electrical	-4.35%
Heavy Electrical Equipment	0%	0
Electrical Components	-1.80%

Industry PE

Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 19.9x.

Analysts are expecting annual earnings growth of 29.7%, which is higher than its past year's earnings growth of 20.1% per year.

Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.9x.

Forecasted Growth

Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 30% over the next 5 years.
This is better than its past earnings growth rate of 20% per year.

In contrast, the Electrical Components industry is expected to see its earnings grow by 30% 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
PHN Hanoi Battery	₫59.90k	8.9% +₫35.5b	-16.8%	PE12.4x
TSB Tiasang Battery	₫23.80k	19.0% +₫25.6b	-27.9%	PE76.5x
SAM Sam Holdings	₫6.54k	0.9% +₫22.8b	-0.8%	PE24.9x
TYA Taya Viet Nam Electric Wire and Cable	₫18.70k	2.2% +₫12.3b	23.0%	PE4.7x
VTH Viet Thai Electric Cable	₫8.60k	2.4% +₫2.2b	2.4%	PE7.2x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). High level of non-cash earnings (56% accrual ratio). Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Market cap is less than US$10m (₫91.6b market cap, or US$3.48m).

Vietnamese (HOSE) Electrical Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Dividend increased to ₫1,700

Investor sentiment improves as stock rises 21%

New major risk - Shareholder dilution

Investor sentiment improves as stock rises 22%

Investor sentiment improves as stock rises 16%

First quarter 2026 earnings released

No independent directors

Rang Dong Light Source & Vacuum Flask Joint Stock Company, Annual General Meeting, May 30, 2026

Sam Holdings Corporation, Annual General Meeting, Apr 24, 2026