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Vietnamese (HOSE) Real Estate Industry Analysis

UpdatedApr 19, 2024
DataAggregated Company Financials
Companies65
  • 7D-7.3%
  • 3M-1.8%
  • 1Y-9.0%
  • YTD-2.2%

Over the last 7 days, the Real Estate industry has dropped 7.3%, driven by Vingroup declining 7.2%. In contrast, Quoc Cuong Gia Lai has gained 19%. However, the industry is down 9.0% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Apr 2024₫709.0t₫328.6t₫48.0t31x14.8x2.2x
Tue, 19 Mar 2024₫757.8t₫328.7t₫47.6t33.9x15.9x2.3x
Thu, 15 Feb 2024₫715.3t₫328.5t₫47.6t32.7x15x2.2x
Sat, 13 Jan 2024₫709.6t₫367.1t₫53.9t22.1x13.2x1.9x
Mon, 11 Dec 2023₫717.5t₫371.6t₫54.3t20.7x13.2x1.9x
Wed, 08 Nov 2023₫678.3t₫372.8t₫54.2t20.6x12.5x1.8x
Fri, 06 Oct 2023₫748.6t₫341.6t₫60.6t17.3x12.4x2.2x
Sun, 03 Sep 2023₫883.0t₫341.2t₫61.0t19.7x14.5x2.6x
Tue, 01 Aug 2023₫879.9t₫276.4t₫53.0t20.3x16.6x3.2x
Thu, 29 Jun 2023₫804.2t₫278.9t₫53.6t20.6x15x2.9x
Sat, 27 May 2023₫779.9t₫277.7t₫53.2t21.8x14.7x2.8x
Mon, 24 Apr 2023₫753.3t₫238.7t₫48.6t21.7x15.5x3.2x
Wed, 22 Mar 2023₫724.6t₫239.1t₫48.3t18.3x15x3x
Fri, 17 Feb 2023₫722.0t₫239.1t₫48.3t19.7x14.9x3x
Sun, 15 Jan 2023₫778.3t₫232.2t₫46.1t10.5x16.9x3.4x
Tue, 13 Dec 2022₫809.2t₫232.2t₫46.1t10.8x17.5x3.5x
Thu, 10 Nov 2022₫774.3t₫231.2t₫46.5t9.1x16.6x3.3x
Sat, 08 Oct 2022₫979.4t₫233.4t₫40.4t13.6x24.3x4.2x
Mon, 05 Sep 2022₫1100.4t₫233.7t₫42.4t18.8x26x4.7x
Wed, 03 Aug 2022₫1093.7t₫259.5t₫51.4t18.2x21.3x4.2x
Fri, 01 Jul 2022₫1078.6t₫285.0t₫50.1t14.8x21.5x3.8x
Sun, 29 May 2022₫1156.6t₫285.0t₫50.1t21x23.1x4.1x
Tue, 26 Apr 2022₫1133.0t₫301.2t₫51.0t22.9x22.2x3.8x
Thu, 24 Mar 2022₫1311.8t₫300.5t₫51.7t25x25.4x4.4x
Sat, 19 Feb 2022₫1307.0t₫300.6t₫51.8t24.1x25.2x4.3x
Mon, 17 Jan 2022₫1383.9t₫301.7t₫59.6t28.7x23.2x4.6x
Wed, 15 Dec 2021₫1363.8t₫309.1t₫61.5t27x22.2x4.4x
Fri, 12 Nov 2021₫1283.6t₫304.4t₫60.3t28.8x21.3x4.2x
Sun, 10 Oct 2021₫1191.3t₫325.8t₫60.1t23x19.8x3.7x
Tue, 07 Sep 2021₫1206.7t₫332.3t₫60.5t20.5x19.9x3.6x
Thu, 05 Aug 2021₫1224.9t₫332.3t₫60.5t19x20.3x3.7x
Sun, 09 May 2021₫1207.3t₫296.9t₫50.8t17.4x23.8x4.1x
Price to Earnings Ratio

23.8x


Total Market Cap: ₫1207.3tTotal Earnings: ₫50.8tTotal Revenue: ₫296.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Real Estate Industry Price to Earnings3Y Average 18.9x202220232024
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 14.8x 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 2.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have remained mostly flat 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Vietnamese Real Estate industry?

VN Market-5.12%
Real Estate-7.29%
Real Estate-7.29%
Real Estate Development-6.75%
Diversified Real Estate-7.66%
Real Estate Operating Companies-7.89%
Real Estate Services-10.66%
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?

CompanyLast Price7D1YValuation
QCG Quoc Cuong Gia Lai₫17.85k24.0%
+₫949.2b
345.1%PE402.5x
SZB Sonadezi Long Binh Shareholding₫43.00k7.0%
+₫84.0b
48.8%n/a
PVL Viet Property Investment₫2.20k4.8%
+₫5.0b
-74.4%n/a
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Latest News

PDR

₫26,200.00

Phat Dat Real Estate Development

7D

-18.0%

1Y

101.5%

DXG

₫15,600.00

Dat Xanh Group

7D

-21.2%

1Y

23.3%

NVL

₫14,450.00

No Va Land Investment Group

7D

-18.4%

1Y

6.3%

SZB

₫43,000.00

Sonadezi Long Binh Shareholding

7D

7.0%

1Y

48.8%

KBC

₫28,000.00

KinhBac City Development Holding

7D

-16.2%

1Y

14.3%

VIC

₫42,600.00

Vingroup

7D

-12.1%

1Y

-19.2%

VHM

₫41,500.00

Vinhomes

7D

-6.7%

1Y

-17.5%

VRE

₫21,300.00

Vincom Retail

7D

-11.8%

1Y

-23.7%

QCG

₫17,850.00

Quoc Cuong Gia Lai

7D

24.0%

1Y

345.1%