Vietnamese (HOSE) Real Estate Sector Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies66
- 7D-2.4%
- 3M-3.3%
- 1Y-9.4%
- YTD-4.5%
Over the last 7 days, the Real Estate industry has dropped 2.4%, driven by Vingroup declining 7.6%. Overall the industry is down 9.4% in 12 months. Looking forward, earnings are forecast to grow by 16% annually.
Sector Valuation and Performance
Has the Vietnamese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ₫692.2t | ₫328.6t | ₫47.8t | 30.4x | 14.5x | 2.1x |
| Sat, 23 Mar 2024 | ₫771.6t | ₫330.6t | ₫48.0t | 34.2x | 16.1x | 2.3x |
| Mon, 19 Feb 2024 | ₫729.3t | ₫328.7t | ₫47.6t | 32.6x | 15.3x | 2.2x |
| Wed, 17 Jan 2024 | ₫716.4t | ₫367.1t | ₫53.9t | 22.4x | 13.3x | 2x |
| Fri, 15 Dec 2023 | ₫717.7t | ₫371.6t | ₫54.3t | 20.4x | 13.2x | 1.9x |
| Sun, 12 Nov 2023 | ₫719.8t | ₫372.3t | ₫54.2t | 21.1x | 13.3x | 1.9x |
| Tue, 10 Oct 2023 | ₫745.5t | ₫341.5t | ₫60.6t | 20.4x | 12.3x | 2.2x |
| Thu, 07 Sep 2023 | ₫890.8t | ₫341.3t | ₫60.5t | 18.9x | 14.7x | 2.6x |
| Sat, 05 Aug 2023 | ₫902.1t | ₫335.2t | ₫60.2t | 20x | 15x | 2.7x |
| Mon, 03 Jul 2023 | ₫786.6t | ₫277.9t | ₫53.3t | 22.2x | 14.8x | 2.8x |
| Wed, 31 May 2023 | ₫786.3t | ₫277.7t | ₫53.2t | 22.1x | 14.8x | 2.8x |
| Fri, 28 Apr 2023 | ₫734.2t | ₫239.2t | ₫49.1t | 21.3x | 14.9x | 3.1x |
| Sun, 26 Mar 2023 | ₫745.8t | ₫239.1t | ₫48.3t | 18.6x | 15.4x | 3.1x |
| Tue, 21 Feb 2023 | ₫746.0t | ₫239.1t | ₫48.3t | 21.6x | 15.4x | 3.1x |
| Thu, 19 Jan 2023 | ₫795.6t | ₫231.9t | ₫45.9t | 11.1x | 17.3x | 3.4x |
| Sat, 17 Dec 2022 | ₫790.3t | ₫232.2t | ₫46.1t | 11.8x | 17.1x | 3.4x |
| Mon, 14 Nov 2022 | ₫773.5t | ₫231.2t | ₫46.2t | 9.8x | 16.7x | 3.3x |
| Wed, 12 Oct 2022 | ₫946.6t | ₫233.4t | ₫40.4t | 12.8x | 23.4x | 4.1x |
| Fri, 09 Sep 2022 | ₫1081.8t | ₫233.7t | ₫42.4t | 16.9x | 25.5x | 4.6x |
| Sun, 07 Aug 2022 | ₫1101.5t | ₫234.5t | ₫42.9t | 18.4x | 25.7x | 4.7x |
| Tue, 05 Jul 2022 | ₫1066.4t | ₫279.7t | ₫49.0t | 16.4x | 21.8x | 3.8x |
| Thu, 02 Jun 2022 | ₫1162.1t | ₫285.0t | ₫50.1t | 21.1x | 23.2x | 4.1x |
| Sat, 30 Apr 2022 | ₫1195.0t | ₫301.2t | ₫51.0t | 23x | 23.4x | 4x |
| Mon, 28 Mar 2022 | ₫1307.2t | ₫300.5t | ₫51.7t | 26.1x | 25.3x | 4.3x |
| Wed, 23 Feb 2022 | ₫1300.5t | ₫300.5t | ₫51.8t | 23.7x | 25.1x | 4.3x |
| Fri, 21 Jan 2022 | ₫1328.3t | ₫301.8t | ₫59.6t | 27.3x | 22.3x | 4.4x |
| Sun, 19 Dec 2021 | ₫1398.2t | ₫309.1t | ₫61.5t | 27.9x | 22.7x | 4.5x |
| Tue, 16 Nov 2021 | ₫1297.9t | ₫304.4t | ₫60.3t | 28.5x | 21.5x | 4.3x |
| Thu, 14 Oct 2021 | ₫1218.1t | ₫325.8t | ₫60.1t | 23x | 20.3x | 3.7x |
| Sat, 11 Sep 2021 | ₫1194.3t | ₫332.3t | ₫60.5t | 20.4x | 19.7x | 3.6x |
| Mon, 09 Aug 2021 | ₫1249.1t | ₫332.3t | ₫60.5t | 19.1x | 20.7x | 3.8x |
| Sun, 02 May 2021 | ₫1207.3t | ₫296.9t | ₫50.8t | 17.4x | 23.8x | 4.1x |
Price to Earnings Ratio
23.8x
Current Industry PE
- Investors are pessimistic on the Vietnamese Real Estate 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 14.5x which is lower than its 3-year average PE of 18.9x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 2.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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 Trends
Which industries have driven the changes within the Vietnamese Real Estate sector?
| VN Market | 0.98% | |
| Real Estate | -2.37% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| Real Estate | -2.37% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 18.9x.
- Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings decline of 18.2% per year.
- Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 18.9x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 18% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| VRE Vincom Retail | ₫22.55k | 2.5% +₫1.2t | -16.5% | PE11.6x | |
| SIP Sai Gon VRG Investment | ₫81.10k | 4.5% +₫636.3b | n/a | PE17.6x | |
| VPI Van Phu - Invest Investment | ₫58.70k | 4.3% +₫580.8b | 13.3% | PE28.6x | |
| KDH Khang Dien House Trading and Investment | ₫34.60k | 1.8% +₫479.6b | 32.4% | PE41.6x | |
| NVL No Va Land Investment Group | ₫15.20k | 1.0% +₫292.5b | 7.8% | PE48.9x |