Vietnamese (HOSE) Trade Companies and Distributors Industry Analysis

Industry Valuation and Performance

Has the Vietnamese Trade Companies and Distributors Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 02 Sep 2026	₫5.3t	₫76.0t	-₫527,706,886,880.00	8.3x	-10.1x	0.07x
Fri, 31 Jul 2026	₫5.4t	₫72.0t	-₫501,217,475,534.00	9.5x	-10.7x	0.07x
Sun, 28 Jun 2026	₫5.4t	₫74.6t	-₫699,525,138,079.00	10.2x	-7.8x	0.07x
Tue, 26 May 2026	₫5.8t	₫80.5t	₫260.1b	12.7x	22.2x	0.07x
Thu, 23 Apr 2026	₫6.0t	₫82.9t	₫280.1b	12.8x	21.4x	0.07x
Sat, 21 Mar 2026	₫6.1t	₫81.9t	₫226.9b	13.5x	27.1x	0.08x
Mon, 16 Feb 2026	₫6.2t	₫81.9t	₫227.1b	13.5x	27.4x	0.08x
Wed, 14 Jan 2026	₫5.9t	₫88.5t	₫340.4b	12.7x	17.2x	0.07x
Fri, 12 Dec 2025	₫6.1t	₫88.5t	₫340.4b	13.5x	17.8x	0.07x
Sun, 09 Nov 2025	₫6.0t	₫90.4t	₫594.4b	12.5x	10.1x	0.07x
Tue, 07 Oct 2025	₫6.3t	₫90.0t	₫596.6b	10.3x	10.6x	0.07x
Thu, 04 Sep 2025	₫6.4t	₫94.9t	₫606.5b	11.5x	10.6x	0.07x
Sat, 02 Aug 2025	₫6.4t	₫84.2t	₫409.5b	12.9x	15.7x	0.08x
Mon, 30 Jun 2025	₫6.3t	₫83.9t	₫367.9b	13.7x	17x	0.07x
Wed, 28 May 2025	₫6.8t	₫83.9t	₫368.9b	13.4x	18.5x	0.08x
Fri, 25 Apr 2025	₫6.7t	₫83.7t	₫346.9b	13.2x	19.3x	0.08x
Sun, 23 Mar 2025	₫7.0t	₫83.3t	₫321.9b	12.7x	21.7x	0.08x
Tue, 18 Feb 2025	₫7.0t	₫78.3t	₫282.2b	14.9x	24.8x	0.09x
Thu, 16 Jan 2025	₫6.8t	₫56.6t	₫235.5b	16.9x	28.8x	0.1x
Sat, 14 Dec 2024	₫6.6t	₫56.6t	₫233.3b	15.4x	28.3x	0.1x
Mon, 11 Nov 2024	₫6.7t	₫58.0t	₫193.5b	17x	34.8x	0.1x
Wed, 09 Oct 2024	₫6.9t	₫59.1t	₫212.4b	15.5x	32.4x	0.1x
Fri, 06 Sep 2024	₫6.5t	₫49.8t	₫250.1b	16.8x	26x	0.1x
Sun, 04 Aug 2024	₫6.5t	₫47.4t	₫364.1b	15.9x	17.8x	0.1x
Tue, 02 Jul 2024	₫7.2t	₫47.9t	₫385.4b	26.1x	18.6x	0.1x
Thu, 30 May 2024	₫6.8t	₫47.9t	₫384.9b	26.8x	17.7x	0.1x
Sat, 27 Apr 2024	₫6.6t	₫49.1t	₫374.9b	26.3x	17.7x	0.1x
Mon, 25 Mar 2024	₫6.8t	₫49.0t	₫381.2b	16x	17.8x	0.1x
Wed, 21 Feb 2024	₫6.7t	₫49.0t	₫381.3b	15.3x	17.5x	0.1x
Fri, 19 Jan 2024	₫6.3t	₫51.4t	₫287.8b	14.2x	22x	0.1x
Sun, 17 Dec 2023	₫7.1t	₫51.4t	₫287.8b	18.2x	24.6x	0.1x
Tue, 14 Nov 2023	₫7.0t	₫51.4t	₫287.8b	15.6x	24.5x	0.1x
Thu, 12 Oct 2023	₫7.6t	₫48.4t	₫265.0b	21.2x	28.5x	0.2x
Sat, 09 Sep 2023	₫8.2t	₫48.4t	₫264.7b	17.9x	30.8x	0.2x

Current Industry PE

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

The industry is trading close to its 3-year average PS ratio of 0.10x.

Past Earnings Growth

Total earnings for the Trading Companies and Distributors industry have declined over the last three years, with the industry now making a loss overall.
Meanwhile revenues have grown 16% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Vietnamese Trade Companies and Distributors compare with similar industries?


VN Market	0.59%
Industrials	-0.19%
Trade Distributors	-1.70%
Trade Companies and Distributors	-1.70%

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

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

Company	Last Price	7D	1Y	Valuation
TMB Vinacomin - Northern Coal Trading	₫47.90k	2.1% +₫15.0b	-22.6%	PE8.3x
CLM Vinacomin - Coal Import Export	₫56.00k	1.8% +₫14.5b	0.3%	PE9.5x
TSC Techno - Agricultural Supplying	₫2.05k	2.0% +₫7.9b	-36.1%	PS0.6x
VPG Viet Phat Import Export Trading Investment	₫1.78k	4.7% +₫7.1b	-80.4%	PS0.02x
VTV Vicem Energy and Environment	₫14.20k	1.4% +₫6.2b	13.6%	PE491.5x

Company

Last Price

Valuation

TMB Vinacomin - Northern Coal Trading

₫47.90k

2.1%
+₫15.0b

-22.6%

PE8.3x

CLM Vinacomin - Coal Import Export

₫56.00k

1.8%
+₫14.5b

0.3%

PE9.5x

TSC Techno - Agricultural Supplying

₫2.05k

2.0%
+₫7.9b

-36.1%

PS0.6x

VPG Viet Phat Import Export Trading Investment

₫1.78k

4.7%
+₫7.1b

-80.4%

PS0.02x

VTV Vicem Energy and Environment

₫14.20k

1.4%
+₫6.2b

13.6%

PE491.5x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₫338.6b market cap, or US$12.9m).

Vietnamese (HOSE) Trade Companies and Distributors Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

New major risk - Earnings quality

New minor risk - Dividend sustainability

New major risk - Shareholder dilution

Investor sentiment deteriorates as stock falls 19%

Second quarter 2026 earnings released: EPS: ₫21.00 (vs ₫13.00 in 2Q 2025)

New major risk - Revenue and earnings growth

Second quarter 2026 earnings released

Second quarter 2026 earnings released: ₫43.00 loss per share (vs ₫3,372 loss in 2Q 2025)

New major risk - Market cap size

911 Group Joint Stock Company, Annual General Meeting, May 16, 2026

Techno - Agricultural Supplying Joint Stock Company, Annual General Meeting, Apr 16, 2026