Vietnamese (HOSE) Communications Industry Analysis

Industry Valuation and Performance

Has the Vietnamese Communications Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 21 Aug 2026	₫605.1b	₫3.3t	₫130.8b	6x	4.6x	0.2x
Sun, 19 Jul 2026	₫643.4b	₫3.0t	₫79.0b	8.5x	8.1x	0.2x
Tue, 16 Jun 2026	₫599.7b	₫3.0t	₫79.3b	9.4x	7.6x	0.2x
Thu, 14 May 2026	₫602.8b	₫3.0t	₫77.5b	10.5x	7.8x	0.2x
Sat, 11 Apr 2026	₫618.1b	₫3.0t	₫20.2b	13.7x	30.6x	0.2x
Mon, 09 Mar 2026	₫958.0b	₫3.0t	₫20.3b	26.3x	47.2x	0.3x
Wed, 04 Feb 2026	₫952.0b	₫2.8t	₫71.4b	10.3x	13.3x	0.3x
Fri, 02 Jan 2026	₫1.0t	₫2.6t	₫54.7b	8.9x	18.5x	0.4x
Sun, 30 Nov 2025	₫985.3b	₫2.6t	₫54.7b	10.6x	18x	0.4x
Tue, 28 Oct 2025	₫1.1t	₫2.3t	₫49.7b	10.3x	21.2x	0.5x
Thu, 25 Sep 2025	₫979.8b	₫2.3t	₫13.4b	11.5x	73.1x	0.4x
Sat, 23 Aug 2025	₫1.1t	₫2.3t	₫13.4b	14.2x	82.3x	0.5x
Mon, 21 Jul 2025	₫927.7b	₫2.2t	₫2.8b	56.2x	328x	0.4x
Wed, 18 Jun 2025	₫842.1b	₫2.2t	₫3.2b	43.7x	266x	0.4x
Fri, 16 May 2025	₫780.0b	₫2.3t	₫4.7b	36.1x	164.7x	0.3x
Sun, 13 Apr 2025	₫564.1b	₫2.4t	₫18.5b	33.2x	30.5x	0.2x
Tue, 11 Mar 2025	₫598.2b	₫2.4t	₫19.7b	22.5x	30.4x	0.2x
Thu, 06 Feb 2025	₫557.0b	₫2.2t	₫16.2b	46.7x	34.3x	0.3x
Sat, 04 Jan 2025	₫573.9b	₫1.5t	₫3.3b	138x	175.3x	0.4x
Mon, 02 Dec 2024	₫582.6b	₫1.5t	₫3.3b	135.2x	177.9x	0.4x
Wed, 30 Oct 2024	₫586.7b	₫1.5t	₫3.3b	136.8x	179.2x	0.4x
Fri, 27 Sep 2024	₫612.5b	₫1.2t	₫2.7b	165.3x	228.9x	0.5x
Sun, 25 Aug 2024	₫632.8b	₫1.2t	₫2.7b	176.1x	236.5x	0.5x
Tue, 23 Jul 2024	₫650.8b	₫1.0t	₫2.8b	174.5x	228.9x	0.6x
Thu, 20 Jun 2024	₫692.3b	₫1.0t	₫2.8b	193.1x	243.4x	0.7x
Sat, 18 May 2024	₫681.8b	₫1.0t	₫2.8b	181.7x	239.8x	0.7x
Mon, 15 Apr 2024	₫676.3b	₫1.2t	₫3.3b	167.2x	203.1x	0.6x
Wed, 13 Mar 2024	₫623.4b	₫1.2t	₫3.3b	141.5x	187.2x	0.5x
Fri, 09 Feb 2024	₫589.1b	₫1.2t	₫3.3b	137.9x	176.9x	0.5x
Sun, 07 Jan 2024	₫691.9b	₫1.2t	₫11.3b	89.6x	61x	0.6x
Tue, 05 Dec 2023	₫699.2b	₫1.2t	₫11.3b	96.7x	61.6x	0.6x
Thu, 02 Nov 2023	₫658.0b	₫1.2t	₫11.3b	95.9x	58x	0.5x
Sat, 30 Sep 2023	₫662.1b	₫1.4t	₫11.4b	24.6x	58.3x	0.5x
Mon, 28 Aug 2023	₫799.9b	₫1.4t	₫11.4b	31.7x	70.4x	0.6x

Current Industry PE

Investors are pessimistic on the Vietnamese Communications 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 4.6x which is lower than its 3-year average PE of 114x.

The industry is trading close to its 3-year average PS ratio of 0.42x.

Past Earnings Growth

The earnings for companies in the Communications industry have grown 126% per year over the last three years.
Revenues for these companies have grown 31% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Vietnamese Tech industry?


VN Market	-1.76%
Tech	0.47%
Communications	2.06%
Communications Equipment	2.06%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

	Company	Last Price	7D	1Y	Valuation
	VTC VTC Telecommunications	₫12.50k	31.6% +₫16.0b	79.3%	PE287.4x
	SMT Sametel	₫10.90k	16.0% +₫9.8b	-19.3%	PE1.5x

Company

Last Price

Valuation

VTC VTC Telecommunications

₫12.50k

31.6%
+₫16.0b

79.3%

PE287.4x

SMT Sametel

₫10.90k

16.0%
+₫9.8b

-19.3%

PE1.5x

New major risk - Dividend sustainability

The dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (58% accrual ratio). Market cap is less than US$10m (₫53.3b market cap, or US$2.02m). Minor Risk Profit margins are more than 30% lower than last year (0.04% net profit margin).

Vietnamese (HOSE) Communications Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Dividend sustainability

Second quarter 2026 earnings released

Second quarter 2026 earnings released