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, 25 May 2026	₫119.0t	₫88.8t	₫5.6t	18.9x	21.4x	1.3x
Wed, 22 Apr 2026	₫111.8t	₫83.2t	₫5.4t	21.1x	20.8x	1.3x
Fri, 20 Mar 2026	₫98.1t	₫83.5t	₫5.4t	19.8x	18.2x	1.2x
Sun, 15 Feb 2026	₫105.5t	₫83.5t	₫5.4t	20.8x	19.6x	1.3x
Tue, 13 Jan 2026	₫120.2t	₫79.8t	₫6.0t	17.2x	20x	1.5x
Thu, 11 Dec 2025	₫119.1t	₫79.5t	₫6.0t	17.1x	19.8x	1.5x
Sat, 08 Nov 2025	₫107.0t	₫79.5t	₫6.0t	14.4x	17.8x	1.3x
Mon, 06 Oct 2025	₫97.9t	₫77.0t	₫4.1t	13.5x	23.9x	1.3x
Wed, 03 Sep 2025	₫99.1t	₫77.0t	₫4.1t	14.3x	24.2x	1.3x
Fri, 01 Aug 2025	₫107.5t	₫78.1t	₫4.2t	21.2x	25.8x	1.4x
Sun, 29 Jun 2025	₫75.0t	₫73.3t	₫3.9t	18.3x	19x	1x
Tue, 27 May 2025	₫76.8t	₫72.9t	₫3.9t	18x	19.5x	1.1x
Thu, 24 Apr 2025	₫55.4t	₫72.6t	₫3.9t	14.1x	14.1x	0.8x
Sat, 22 Mar 2025	₫47.5t	₫72.6t	₫4.0t	12.4x	12x	0.7x
Mon, 17 Feb 2025	₫41.2t	₫73.6t	₫4.0t	10.8x	10.3x	0.6x
Wed, 15 Jan 2025	₫32.5t	₫48.8t	₫1.8t	21x	18.1x	0.7x
Fri, 13 Dec 2024	₫32.2t	₫48.8t	₫1.8t	20.6x	17.9x	0.7x
Sun, 10 Nov 2024	₫34.6t	₫48.8t	₫1.8t	20.5x	19.2x	0.7x
Tue, 08 Oct 2024	₫35.2t	₫47.0t	₫1.8t	21.8x	19.5x	0.7x
Thu, 05 Sep 2024	₫35.5t	₫46.9t	₫1.8t	23.2x	19.7x	0.8x
Sat, 03 Aug 2024	₫26.0t	₫45.9t	₫1.7t	26.3x	15.1x	0.6x
Mon, 01 Jul 2024	₫30.7t	₫55.5t	₫1.6t	35.5x	19.7x	0.6x
Wed, 29 May 2024	₫32.2t	₫55.4t	₫1.6t	38.6x	20.7x	0.6x
Fri, 26 Apr 2024	₫28.9t	₫53.9t	₫1.3t	53.6x	21.9x	0.5x
Sun, 24 Mar 2024	₫32.8t	₫54.3t	₫1.4t	44.5x	24.1x	0.6x
Tue, 20 Feb 2024	₫30.1t	₫54.3t	₫1.4t	39.7x	22x	0.6x
Thu, 18 Jan 2024	₫30.8t	₫52.6t	₫1.3t	26.8x	23.3x	0.6x
Sat, 16 Dec 2023	₫31.0t	₫52.6t	₫1.3t	27x	23.5x	0.6x
Mon, 13 Nov 2023	₫30.7t	₫52.6t	₫1.3t	26.8x	23.3x	0.6x
Wed, 11 Oct 2023	₫30.0t	₫51.8t	₫1.2t	35x	24.3x	0.6x
Fri, 08 Sep 2023	₫33.6t	₫51.8t	₫1.2t	40.8x	27.6x	0.6x
Sun, 06 Aug 2023	₫32.4t	₫51.8t	₫1.2t	35.1x	26.5x	0.6x
Tue, 04 Jul 2023	₫28.6t	₫53.8t	₫940.6b	47.7x	30.4x	0.5x
Thu, 01 Jun 2023	₫24.8t	₫53.8t	₫940.6b	47.7x	26.3x	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	-2.12%
Industrials	-1.64%
Electrical	-8.20%
Heavy Electrical Equipment	0%	0
Electrical Components	-5.41%

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.

	Company	Last Price	7D	1Y	Valuation
	RAL Rang Dong Light Source & Vacuum Flask	₫86.00k	1.3% +₫25.9b	-12.5%	PE5.4x
	TSB Tiasang Battery	₫20.00k	2.6% +₫3.4b	-42.5%	PE64.3x

Company

Last Price

Valuation

RAL Rang Dong Light Source & Vacuum Flask

₫86.00k

1.3%
+₫25.9b

-12.5%

PE5.4x

TSB Tiasang Battery

₫20.00k

2.6%
+₫3.4b

-42.5%

PE64.3x

New minor risk - Dividend sustainability

The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (44% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₫529.2b market cap, or US$20.1m).

Vietnamese (HOSE) Electrical Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 22%

Investor sentiment improves as stock rises 16%

Tiasang Battery Joint stock company, Annual General Meeting, May 13, 2026

First quarter 2026 earnings released

No independent directors

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

New minor risk - Dividend sustainability

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