Vietnamese (HOSE) Real Estate Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies65
- 7D-5.2%
- 3M1.9%
- 1Y-7.7%
- YTD0.003%
Over the last 7 days, the Real Estate industry has dropped 5.2%, driven by Investment and Industrial Development Corporation - JSC declining 10%. Meanwhile, Quoc Cuong Gia Lai actually outperformed within the industry, gaining 19% in the last week. The industry has fallen 7.7% in the last year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Vietnamese Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| 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 | ₫879.7t | ₫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 | ₫721.8t | ₫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 | ₫835.7t | ₫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 | ₫1100.2t | ₫233.7t | ₫42.4t | 18.8x | 26x | 4.7x |
| Sat, 30 Jul 2022 | ₫1056.6t | ₫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 | ₫1127.9t | ₫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 |
| Sun, 20 Mar 2022 | ₫1260.8t | ₫300.5t | ₫51.7t | 23.5x | 24.4x | 4.2x |
| Tue, 15 Feb 2022 | ₫1273.6t | ₫300.2t | ₫51.7t | 25.4x | 24.6x | 4.2x |
| Thu, 13 Jan 2022 | ₫1420.2t | ₫301.7t | ₫59.6t | 28.6x | 23.8x | 4.7x |
| Sat, 11 Dec 2021 | ₫1348.8t | ₫309.1t | ₫61.5t | 26.3x | 21.9x | 4.4x |
| Mon, 08 Nov 2021 | ₫1271.0t | ₫311.4t | ₫61.5t | 27.6x | 20.7x | 4.1x |
| Wed, 06 Oct 2021 | ₫1170.9t | ₫325.8t | ₫60.1t | 21.9x | 19.5x | 3.6x |
| Fri, 03 Sep 2021 | ₫1203.7t | ₫332.3t | ₫60.5t | 20x | 19.9x | 3.6x |
| Sun, 01 Aug 2021 | ₫1180.1t | ₫332.3t | ₫60.5t | 17.6x | 19.5x | 3.6x |
| Wed, 05 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 15.3x which is lower than its 3-year average PE of 19.0x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.2x.
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 industry?
| VN Market | -3.83% | |
| Real Estate | -5.20% | |
| Real Estate | -5.20% | |
| Real Estate Development | -4.42% | |
| Diversified Real Estate | -5.09% | |
| Real Estate Operating Companies | -7.71% | |
| Real Estate Services | -9.38% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 13.4%, which is higher than its past year's earnings decline of 67.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 40% over the next 5 years.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| QCG Quoc Cuong Gia Lai | ₫16.70k | 18.9% +₫729.1b | 301.4% | PE376.5x | |
| D2D NO. 2 Industrial Urban Development | ₫43.85k | 0.8% +₫10.6b | 73.0% | n/a | |
| PVL Viet Property Investment | ₫2.20k | 4.8% +₫5.0b | -74.4% | n/a | |
| RCL Cho Lon Real Estate JSC | ₫12.50k | 2.5% +₫4.2b | -3.8% | PE149.2x |