Vietnamese (HOSE) Basic Materials Industry Analysis

Industry Valuation and Performance

Has the Vietnamese Basic Materials Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 19 May 2026	₫55.1t	₫51.8t	₫2.7t	10.9x	20.1x	1.1x
Thu, 16 Apr 2026	₫57.1t	₫51.0t	₫2.6t	12.2x	21.7x	1.1x
Sat, 14 Mar 2026	₫59.2t	₫50.6t	₫2.7t	11x	22.3x	1.2x
Mon, 09 Feb 2026	₫58.2t	₫50.4t	₫2.9t	11.2x	20.1x	1.2x
Wed, 07 Jan 2026	₫27.7t	₫35.6t	₫1.7t	11.4x	16x	0.8x
Fri, 05 Dec 2025	₫28.0t	₫35.7t	₫1.7t	11.6x	16.1x	0.8x
Sun, 02 Nov 2025	₫28.5t	₫35.5t	₫1.8t	11.8x	15.9x	0.8x
Tue, 30 Sep 2025	₫29.0t	₫34.6t	₫1.6t	12.8x	18.6x	0.8x
Thu, 28 Aug 2025	₫28.8t	₫34.6t	₫1.6t	12.5x	18.6x	0.8x
Sat, 26 Jul 2025	₫28.2t	₫32.9t	₫1.4t	12.2x	20.5x	0.9x
Mon, 23 Jun 2025	₫25.4t	₫32.8t	₫1.2t	12.3x	20.7x	0.8x
Wed, 21 May 2025	₫24.5t	₫32.6t	₫1.3t	11.2x	19.2x	0.8x
Fri, 18 Apr 2025	₫24.1t	₫32.1t	₫1.1t	11.7x	21.3x	0.8x
Sun, 16 Mar 2025	₫27.3t	₫30.6t	₫1.0t	11.7x	26.6x	0.9x
Tue, 11 Feb 2025	₫26.6t	₫29.6t	₫901.6b	12.7x	29.5x	0.9x
Thu, 09 Jan 2025	₫26.6t	₫28.4t	₫878.5b	13.3x	30.3x	0.9x
Sat, 07 Dec 2024	₫27.2t	₫28.4t	₫849.5b	13.1x	32x	1x
Mon, 04 Nov 2024	₫26.4t	₫28.2t	₫785.1b	12.3x	33.6x	0.9x
Wed, 02 Oct 2024	₫27.2t	₫28.0t	₫777.7b	13.8x	35x	1x
Fri, 30 Aug 2024	₫28.5t	₫28.3t	₫782.1b	13.9x	36.5x	1x
Sun, 28 Jul 2024	₫29.6t	₫28.1t	₫772.4b	12.7x	38.3x	1.1x
Tue, 25 Jun 2024	₫30.6t	₫28.2t	₫789.0b	13.5x	38.8x	1.1x
Thu, 23 May 2024	₫29.3t	₫28.2t	₫789.0b	11.7x	37.1x	1x
Sat, 20 Apr 2024	₫26.9t	₫28.7t	₫718.1b	13.4x	37.4x	0.9x
Mon, 18 Mar 2024	₫29.5t	₫28.7t	₫802.1b	13.5x	36.8x	1x
Wed, 14 Feb 2024	₫27.8t	₫28.7t	₫802.1b	13.9x	34.6x	1x
Fri, 12 Jan 2024	₫30.3t	₫28.5t	₫902.2b	13x	33.6x	1.1x
Sun, 10 Dec 2023	₫29.9t	₫28.5t	₫902.2b	12.7x	33.2x	1.1x
Tue, 07 Nov 2023	₫29.5t	₫28.3t	₫932.7b	12.8x	31.6x	1x
Thu, 05 Oct 2023	₫32.4t	₫28.9t	₫1.0t	12.3x	31.6x	1.1x
Sat, 02 Sep 2023	₫34.2t	₫28.9t	₫972.6b	14.2x	35.2x	1.2x
Mon, 31 Jul 2023	₫37.9t	₫35.3t	₫1.4t	11.8x	27.2x	1.1x
Wed, 28 Jun 2023	₫37.1t	₫36.8t	₫1.8t	10.6x	20.7x	1x
Fri, 26 May 2023	₫33.8t	₫36.8t	₫1.8t	9.4x	18.8x	0.9x

Current Industry PE

Investors are pessimistic on the Vietnamese Basic Materials 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 20.2x which is lower than its 3-year average PE of 27.4x.

The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the Basic Materials industry have grown 15% per year over the last three years.
Revenues for these companies have grown 12% 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 Materials industry?


VN Market	1.79%
Materials	3.31%
Basic Materials	-3.30%
Construction Materials	-3.30%

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
LBM Lam Dong Minerals and Building Materials	₫29.85k	6.4% +₫72.0b	4.4%	PE8.4x
VCS Vicostone	₫39.00k	0.5% +₫32.0b	-17.2%	PE10.2x
DHA Hoa An	₫47.40k	4.6% +₫30.9b	24.1%	PE6.3x
GMX My Xuan Brick Tile Pottery and Construction	₫17.90k	11.2% +₫16.3b	-2.2%	PE11.3x
BTS Vicem But Son Cement	₫5.20k	2.0% +₫12.4b	4.0%	PE20.3x

Company

Last Price

Valuation

LBM Lam Dong Minerals and Building Materials

₫29.85k

6.4%
+₫72.0b

4.4%

PE8.4x

VCS Vicostone

₫39.00k

0.5%
+₫32.0b

-17.2%

PE10.2x

DHA Hoa An

₫47.40k

4.6%
+₫30.9b

24.1%

PE6.3x

GMX My Xuan Brick Tile Pottery and Construction

₫17.90k

11.2%
+₫16.3b

-2.2%

PE11.3x

BTS Vicem But Son Cement

₫5.20k

2.0%
+₫12.4b

4.0%

PE20.3x

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 (2.0x net interest cover). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 21x cash flows per share). Market cap is less than US$100m (₫1.75t market cap, or US$66.7m).

Vietnamese (HOSE) Basic Materials Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 19%

First quarter 2026 earnings released: EPS: ₫727 (vs ₫972 in 1Q 2025)

Now 20% undervalued after recent price drop

New major risk - Shareholder dilution

First quarter 2026 earnings released: EPS: ₫243 (vs ₫29.42 loss in 1Q 2025)

First quarter 2026 earnings released: EPS: ₫1,779 (vs ₫1,925 in 1Q 2025)

New minor risk - Financial position

First quarter 2026 earnings released: EPS: ₫204 (vs ₫24.00 loss in 1Q 2025)

New major risk - Earnings quality

Create Capital Vietnam Joint Stock Company Limited, Annual General Meeting, Apr 25, 2026

GELEX Infrastructure Joint Stock Company, Annual General Meeting, Jun 26, 2026

Full year 2025 earnings released: EPS: ₫324 (vs ₫970 loss in FY 2024)

DNA Investment Joint Stock Company, Annual General Meeting, Apr 15, 2026

Lam Dong Minerals and Building Materials Joint Stock Company has filed a Follow-on Equity Offering in the amount of VND 250 billion.

Now 22% undervalued after recent price drop

New major risk - Financial position