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Vietnamese (HOSE) Utilities Sector Analysis
UpdatedAug 15, 2025
DataAggregated Company Financials
Companies39
- 7D1.7%
- 3M9.7%
- 1Y-4.0%
- YTD5.3%
In the last week, the Utilities industry is up 2.2%, with PetroVietnam Power Corporation - JSC up 10%. In the same time, PetroVietNam Low Pressure Gas Distribution was down 6.6%. In the past year, the industry is down 4.5%. As for the next few years, earnings are expected to grow by 10% per annum.
Sector Valuation and Performance
Has the Vietnamese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 Aug 2025 | ₫321.2t | ₫251.4t | ₫21.1t | 13.1x | 15.2x | 1.3x |
| Sun, 13 Jul 2025 | ₫306.7t | ₫251.4t | ₫17.7t | 12.8x | 17.3x | 1.2x |
| Tue, 10 Jun 2025 | ₫295.2t | ₫250.8t | ₫17.5t | 13.8x | 16.9x | 1.2x |
| Thu, 08 May 2025 | ₫289.5t | ₫249.9t | ₫16.8t | 13.4x | 17.2x | 1.2x |
| Sat, 05 Apr 2025 | ₫277.3t | ₫241.9t | ₫15.5t | 13.6x | 17.9x | 1.1x |
| Mon, 03 Mar 2025 | ₫306.8t | ₫233.4t | ₫15.6t | 13.7x | 19.6x | 1.3x |
| Wed, 29 Jan 2025 | ₫301.9t | ₫228.7t | ₫16.2t | 14.1x | 18.6x | 1.3x |
| Fri, 27 Dec 2024 | ₫306.4t | ₫229.7t | ₫18.0t | 16x | 17x | 1.3x |
| Sun, 24 Nov 2024 | ₫302.2t | ₫229.7t | ₫18.0t | 14.9x | 16.8x | 1.3x |
| Tue, 22 Oct 2024 | ₫312.5t | ₫225.2t | ₫17.4t | 15.3x | 17.9x | 1.4x |
| Thu, 19 Sep 2024 | ₫317.6t | ₫224.7t | ₫17.3t | 15.7x | 18.4x | 1.4x |
| Sat, 17 Aug 2024 | ₫339.8t | ₫224.6t | ₫17.3t | 16.9x | 19.7x | 1.5x |
| Mon, 15 Jul 2024 | ₫340.6t | ₫170.5t | ₫15.9t | 13.7x | 21.4x | 2x |
| Wed, 12 Jun 2024 | ₫338.4t | ₫170.5t | ₫15.9t | 13.6x | 21.3x | 2x |
| Fri, 10 May 2024 | ₫314.9t | ₫170.6t | ₫16.0t | 13.3x | 19.7x | 1.8x |
| Sun, 07 Apr 2024 | ₫326.3t | ₫169.6t | ₫18.0t | 12.6x | 18.2x | 1.9x |
| Tue, 05 Mar 2024 | ₫321.2t | ₫168.9t | ₫18.4t | 12.7x | 17.5x | 1.9x |
| Thu, 01 Feb 2024 | ₫312.2t | ₫158.7t | ₫18.8t | 11.5x | 16.6x | 2x |
| Sat, 30 Dec 2023 | ₫307.3t | ₫158.5t | ₫19.1t | 10.5x | 16.1x | 1.9x |
| Mon, 27 Nov 2023 | ₫309.1t | ₫158.5t | ₫19.1t | 10.1x | 16.2x | 1.9x |
| Wed, 25 Oct 2023 | ₫319.1t | ₫160.2t | ₫20.0t | 10.8x | 15.9x | 2x |
| Fri, 22 Sep 2023 | ₫346.1t | ₫161.9t | ₫20.6t | 9.8x | 16.8x | 2.1x |
| Sun, 20 Aug 2023 | ₫331.2t | ₫161.9t | ₫20.6t | 9.3x | 16.1x | 2x |
| Tue, 18 Jul 2023 | ₫337.2t | ₫165.7t | ₫23.2t | 9.8x | 14.5x | 2x |
| Thu, 15 Jun 2023 | ₫324.9t | ₫166.3t | ₫23.2t | 9.6x | 14x | 2x |
| Sat, 13 May 2023 | ₫316.6t | ₫165.8t | ₫23.4t | 9.1x | 13.6x | 1.9x |
| Mon, 10 Apr 2023 | ₫325.8t | ₫171.3t | ₫23.4t | 9.2x | 13.9x | 1.9x |
| Wed, 08 Mar 2023 | ₫329.7t | ₫171.5t | ₫23.1t | 8.5x | 14.2x | 1.9x |
| Fri, 03 Feb 2023 | ₫333.2t | ₫167.0t | ₫22.4t | 8.8x | 14.9x | 2x |
| Sun, 01 Jan 2023 | ₫316.9t | ₫163.4t | ₫20.7t | 9.3x | 15.3x | 1.9x |
| Tue, 29 Nov 2022 | ₫333.4t | ₫162.6t | ₫20.9t | 8.9x | 16x | 2.1x |
| Thu, 27 Oct 2022 | ₫328.4t | ₫155.4t | ₫20.2t | 9.9x | 16.2x | 2.1x |
| Sat, 24 Sep 2022 | ₫363.6t | ₫153.9t | ₫19.9t | 10.2x | 18.3x | 2.4x |
| Mon, 22 Aug 2022 | ₫367.1t | ₫153.9t | ₫19.8t | 9.8x | 18.5x | 2.4x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are pessimistic on the Vietnamese Utilities 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 17.0x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 2.2% per year over the last three years.
- Revenues for these companies have grown 18% 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 Utilities sector?
| VN Market | 3.89% | |
| Utilities | 1.68% | |
| Renewable Energy | 3.62% | |
| Electric Utilities | 2.19% | |
| Gas Utilities | 0.73% | |
| Water Utilities | -0.42% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 15.5x.
- Analysts are expecting annual earnings growth of 18.3%, which is lower than the prior year's growth of 35.3% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading close to its 3-year average of 15.1x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings grow by 4.8% 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 | |
|---|---|---|---|---|---|
| POW PetroVietnam Power Corporation - JSC | ₫16.40k | 10.1% +₫3.5t | 25.7% | PE26.3x | |
| GAS Petrovietnam Gas | ₫69.70k | 0.9% +₫1.4t | -12.4% | PE13.8x | |
| PGV Power Generation Corporation 3 | ₫20.75k | 3.2% +₫730.3b | -3.9% | PE22.2x | |
| TDM Thu Dau Mot Water | ₫58.60k | 1.7% +₫110.0b | 19.0% | PE22.5x | |
| PPC Pha Lai Thermal Power | ₫11.35k | 2.7% +₫96.2b | -14.3% | PE15.5x |