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Vietnamese (HOSE) Real Estate Sector Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies64
- 7D8.4%
- 3M25.5%
- 1Y14.0%
- YTD22.7%
In the last week, the Real Estate industry is up 3.6%, with Vingroup up 19%. In the same time, Investment and Industrial Development Corporation - JSC was down 7.6%. In the last 12 months, the industry was up 3.5%. As for the next few years, earnings are forecast to decline by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | ₫836.3t | ₫376.6t | ₫47.4t | 28x | 17.6x | 2.2x |
| Thu, 13 Mar 2025 | ₫758.3t | ₫368.7t | ₫46.9t | 31x | 16.2x | 2.1x |
| Sat, 08 Feb 2025 | ₫670.9t | ₫368.1t | ₫47.3t | 31.6x | 14.2x | 1.8x |
| Mon, 06 Jan 2025 | ₫677.3t | ₫292.9t | ₫37.1t | 25x | 18.3x | 2.3x |
| Wed, 04 Dec 2024 | ₫679.5t | ₫298.7t | ₫37.8t | 21.6x | 18x | 2.3x |
| Fri, 01 Nov 2024 | ₫690.0t | ₫284.1t | ₫35.0t | 32.6x | 19.7x | 2.4x |
| Sun, 29 Sep 2024 | ₫721.7t | ₫282.0t | ₫39.1t | 32x | 18.4x | 2.6x |
| Tue, 27 Aug 2024 | ₫708.8t | ₫282.4t | ₫39.0t | 30.9x | 18.2x | 2.5x |
| Thu, 25 Jul 2024 | ₫678.9t | ₫279.5t | ₫37.8t | 33.8x | 18x | 2.4x |
| Sat, 22 Jun 2024 | ₫688.7t | ₫288.9t | ₫42.5t | 22.4x | 16.2x | 2.4x |
| Mon, 20 May 2024 | ₫728.9t | ₫289.0t | ₫42.5t | 23.5x | 17.1x | 2.5x |
| Wed, 17 Apr 2024 | ₫732.5t | ₫328.7t | ₫47.8t | 31.6x | 15.3x | 2.2x |
| Fri, 15 Mar 2024 | ₫759.5t | ₫328.7t | ₫47.6t | 33.2x | 15.9x | 2.3x |
| Sun, 11 Feb 2024 | ₫715.3t | ₫328.6t | ₫47.5t | 29.8x | 15x | 2.2x |
| Tue, 09 Jan 2024 | ₫734.8t | ₫367.1t | ₫53.9t | 22.5x | 13.6x | 2x |
| Thu, 07 Dec 2023 | ₫724.3t | ₫371.6t | ₫54.3t | 20.6x | 13.3x | 1.9x |
| Sat, 04 Nov 2023 | ₫683.0t | ₫372.9t | ₫54.4t | 19.2x | 12.6x | 1.8x |
| Mon, 02 Oct 2023 | ₫745.2t | ₫341.6t | ₫60.6t | 18.8x | 12.3x | 2.2x |
| Wed, 30 Aug 2023 | ₫879.8t | ₫341.2t | ₫61.0t | 19.3x | 14.4x | 2.6x |
| Fri, 28 Jul 2023 | ₫830.1t | ₫276.7t | ₫53.1t | 20.6x | 15.6x | 3x |
| Sun, 25 Jun 2023 | ₫800.8t | ₫278.9t | ₫53.6t | 20.7x | 14.9x | 2.9x |
| Tue, 23 May 2023 | ₫776.8t | ₫277.7t | ₫53.2t | 21.4x | 14.6x | 2.8x |
| Thu, 20 Apr 2023 | ₫757.2t | ₫239.3t | ₫48.7t | 21.4x | 15.5x | 3.2x |
| Sat, 18 Mar 2023 | ₫721.9t | ₫239.1t | ₫48.3t | 18.7x | 14.9x | 3x |
| Mon, 13 Feb 2023 | ₫739.6t | ₫239.1t | ₫48.3t | 19.6x | 15.3x | 3.1x |
| Wed, 11 Jan 2023 | ₫770.5t | ₫232.2t | ₫46.1t | 10.2x | 16.7x | 3.3x |
| Fri, 09 Dec 2022 | ₫867.1t | ₫232.2t | ₫46.1t | 11.4x | 18.8x | 3.7x |
| Sun, 06 Nov 2022 | ₫835.8t | ₫231.0t | ₫43.0t | 11.2x | 19.4x | 3.6x |
| Tue, 04 Oct 2022 | ₫970.9t | ₫233.4t | ₫40.4t | 14.8x | 24x | 4.2x |
| Thu, 01 Sep 2022 | ₫1100.3t | ₫233.7t | ₫42.4t | 18.8x | 26x | 4.7x |
| Sat, 30 Jul 2022 | ₫1056.7t | ₫282.1t | ₫49.4t | 16.8x | 21.4x | 3.7x |
| Mon, 27 Jun 2022 | ₫1076.6t | ₫285.0t | ₫50.1t | 14.2x | 21.5x | 3.8x |
| Wed, 25 May 2022 | ₫1128.0t | ₫285.0t | ₫50.1t | 20.5x | 22.5x | 4x |
| Fri, 22 Apr 2022 | ₫1153.6t | ₫300.7t | ₫51.3t | 22.2x | 22.5x | 3.8x |
Price to Earnings Ratio
22.5x
Current Industry PE
- Investors are relatively neutral on the Vietnamese Real Estate 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 17.4x.
- The 3-year average PS ratio of 2.8x 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 2.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.8% 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 | 2.10% | |
| Real Estate | 8.36% | |
| Real Estate | 8.36% | |
| REITS | 0% | 0 |
| Specialized REITs | -2.73% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 17.4x.
- Analysts are expecting annual earnings decline of 17.0%, which is worse than the prior year's decline of 1.6%.
- Investors are most pessimistic about the Real Estate industry, which is trading close to its 3-year average of 17.4x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 17% per year over the next 5 years, which isn't as bad as the other industries.
- This is even lower than its past earnings decline of 1.6% per year.
- In contrast, the Real Estate industry is expected to see its earnings decline by 17% 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 | |
|---|---|---|---|---|---|
| VIC Vingroup | ₫69.60k | 19.4% +₫42.0t | 48.1% | PE22.9x | |
| VHM Vinhomes | ₫57.20k | 13.7% +₫28.3t | 34.9% | PE7.4x | |
| VRE Vincom Retail | ₫20.30k | 8.0% +₫3.4t | -9.8% | PE11.3x | |
| VPI Van Phu - Invest Investment | ₫58.80k | 4.6% +₫832.1b | 26.2% | PE57.3x | |
| DXG Dat Xanh Group | ₫14.45k | 2.1% +₫261.3b | -21.7% | PE50.7x |