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Vietnamese (HOSE) Real Estate Industry Analysis

UpdatedMar 14, 2024
DataAggregated Company Financials
Companies63
  • 7D0.6%
  • 3M6.9%
  • 1Y0.2%
  • YTD4.6%

Last week, the Real Estate industry hasn't moved much but Investment and Industrial Development Corporation - JSC is up 4.5% in that time. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the Vietnamese Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 Mar 2024₫756.7t₫328.7t₫47.6t33.2x15.9x2.3x
Sun, 11 Feb 2024₫715.3t₫328.6t₫47.5t29.8x15x2.2x
Tue, 09 Jan 2024₫734.8t₫367.1t₫53.9t22.5x13.6x2x
Thu, 07 Dec 2023₫724.3t₫371.6t₫54.3t20.6x13.3x1.9x
Sat, 04 Nov 2023₫683.0t₫372.9t₫54.4t19.2x12.6x1.8x
Mon, 02 Oct 2023₫745.2t₫341.6t₫60.6t18.8x12.3x2.2x
Wed, 30 Aug 2023₫879.7t₫341.2t₫61.0t19.3x14.4x2.6x
Fri, 28 Jul 2023₫830.1t₫276.7t₫53.1t20.6x15.6x3x
Sun, 25 Jun 2023₫800.8t₫278.9t₫53.6t20.7x14.9x2.9x
Tue, 23 May 2023₫776.8t₫277.7t₫53.2t21.4x14.6x2.8x
Thu, 20 Apr 2023₫757.2t₫239.3t₫48.7t21.4x15.5x3.2x
Sat, 18 Mar 2023₫721.8t₫239.1t₫48.3t18.7x14.9x3x
Mon, 13 Feb 2023₫739.6t₫239.1t₫48.3t19.6x15.3x3.1x
Wed, 11 Jan 2023₫770.5t₫232.2t₫46.1t10.2x16.7x3.3x
Fri, 09 Dec 2022₫867.1t₫232.2t₫46.1t11.4x18.8x3.7x
Sun, 06 Nov 2022₫835.7t₫231.0t₫43.0t11.2x19.4x3.6x
Tue, 04 Oct 2022₫970.9t₫233.4t₫40.4t14.8x24x4.2x
Thu, 01 Sep 2022₫1100.2t₫233.7t₫42.4t18.8x26x4.7x
Sat, 30 Jul 2022₫1056.6t₫282.1t₫49.4t16.8x21.4x3.7x
Mon, 27 Jun 2022₫1076.6t₫285.0t₫50.1t14.2x21.5x3.8x
Wed, 25 May 2022₫1127.9t₫285.0t₫50.1t20.5x22.5x4x
Fri, 22 Apr 2022₫1153.6t₫300.7t₫51.3t22.2x22.5x3.8x
Sun, 20 Mar 2022₫1260.8t₫300.5t₫51.7t23.5x24.4x4.2x
Tue, 15 Feb 2022₫1273.6t₫300.2t₫51.7t25.4x24.6x4.2x
Thu, 13 Jan 2022₫1420.2t₫301.7t₫59.6t28.6x23.8x4.7x
Sat, 11 Dec 2021₫1348.8t₫309.1t₫61.5t26.3x21.9x4.4x
Mon, 08 Nov 2021₫1271.0t₫311.4t₫61.5t27.6x20.7x4.1x
Wed, 06 Oct 2021₫1170.9t₫325.8t₫60.1t21.9x19.5x3.6x
Fri, 03 Sep 2021₫1203.7t₫332.3t₫60.5t20x19.9x3.6x
Sun, 01 Aug 2021₫1180.1t₫332.3t₫60.5t17.6x19.5x3.6x
Wed, 05 May 2021₫1207.3t₫296.9t₫50.8t17.4x23.8x4.1x
Price to Earnings Ratio

21.5x


Total Market Cap: ₫1091.7tTotal Earnings: ₫50.8tTotal Revenue: ₫296.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Real Estate Industry Price to Earnings3Y Average 19x202220232024
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 15.9x which is lower than its 3-year average PE of 19.1x.
  • The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 2.1% 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 Market0.55%
Real Estate0.63%
Real Estate0.64%
Real Estate Operating Companies2.22%
Diversified Real Estate0.64%
Real Estate Development0.22%
Real Estate Services-1.76%
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 13.8%, which is higher than its past year's earnings decline of 67.8% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 11.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 29% per year.
  • 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?

CompanyLast Price7D1YValuation
SIP Sai Gon VRG Investment₫93.20k12.0%
+₫1.8t
n/aPE20.3x
VIC Vingroup₫45.95k0.8%
+₫1.3t
-13.8%PE82.9x
KDH Khang Dien House Trading and Investment₫37.50k2.7%
+₫799.3b
57.1%PE45x
KBC KinhBac City Development Holding₫33.95k3.0%
+₫767.6b
52.9%PE13.1x
NLG Nam Long Investment₫44.60k4.0%
+₫654.1b
83.9%PE37.6x
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Latest News

VIC

₫45,950.00

Vingroup

7D

0.8%

1Y

-13.8%

KBC

₫33,950.00

KinhBac City Development Holding

7D

3.0%

1Y

52.9%

NVL

₫16,450.00

No Va Land Investment Group

7D

-2.7%

1Y

47.5%

VPI

₫58,100.00

Van Phu - Invest Investment

7D

1.0%

1Y

10.9%

VHM

₫42,900.00

Vinhomes

7D

-0.7%

1Y

-3.6%

NLG

₫44,600.00

Nam Long Investment

7D

4.0%

1Y

83.9%

VRE

₫25,900.00

Vincom Retail

7D

-0.4%

1Y

-10.5%

SIP

₫93,200.00

Sai Gon VRG Investment

7D

12.0%

1Y

n/a

SZB

₫42,500.00

Sonadezi Long Binh Shareholding

7D

17.7%

1Y

51.2%

DXG

₫18,100.00

Dat Xanh Group

7D

-1.4%

1Y

58.1%

KDH

₫37,500.00

Khang Dien House Trading and Investment

7D

2.7%

1Y

57.1%

CEO

₫22,000.00

C.E.O Group

7D

-1.3%

1Y

6.8%

PDR

₫28,100.00

Phat Dat Real Estate Development

7D

-1.9%

1Y

130.3%

BCM

₫67,900.00

Investment and Industrial Development Corporation - JSC

7D

-1.6%

1Y

-17.4%

SJS

₫76,200.00

Song Da Urban & Industrial Zone Investment and Development

7D

1.6%

1Y

73.2%