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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedNov 29, 2024
DataAggregated Company Financials
Companies693
- 7D1.1%
- 3M-3.7%
- 1Y11.3%
- YTD7.9%
The market is up 1.1% over the last week, with the Financials sector leading the way, up 1.2%. As for the past 12 months, the market is up 11%. Looking forward, earnings are forecast to grow by 21% annually.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 29 Nov 2024 | ₫5311.4t | ₫3009.9t | ₫374.0t | 13.8x | 14.2x | 1.8x |
| Sun, 27 Oct 2024 | ₫5365.8t | ₫2952.3t | ₫357.6t | 13.7x | 15x | 1.8x |
| Tue, 24 Sep 2024 | ₫5437.7t | ₫2928.3t | ₫361.6t | 14.2x | 15x | 1.9x |
| Thu, 22 Aug 2024 | ₫5496.7t | ₫2933.2t | ₫360.9t | 15x | 15.2x | 1.9x |
| Sat, 20 Jul 2024 | ₫5430.3t | ₫2909.9t | ₫319.0t | 16.2x | 17x | 1.9x |
| Mon, 17 Jun 2024 | ₫5426.1t | ₫2924.0t | ₫320.8t | 15.8x | 16.9x | 1.9x |
| Wed, 15 May 2024 | ₫5282.5t | ₫2811.7t | ₫344.1t | 14.7x | 15.4x | 1.9x |
| Fri, 12 Apr 2024 | ₫5341.9t | ₫2804.7t | ₫342.8t | 15x | 15.6x | 1.9x |
| Sun, 10 Mar 2024 | ₫5290.0t | ₫2810.5t | ₫344.4t | 15x | 15.4x | 1.9x |
| Tue, 06 Feb 2024 | ₫5023.8t | ₫2809.0t | ₫334.8t | 14.1x | 15x | 1.8x |
| Thu, 04 Jan 2024 | ₫4868.4t | ₫2818.8t | ₫322.4t | 13.4x | 15.1x | 1.7x |
| Sat, 02 Dec 2023 | ₫4695.4t | ₫2819.1t | ₫320.1t | 13x | 14.7x | 1.7x |
| Mon, 30 Oct 2023 | ₫4513.2t | ₫2783.6t | ₫313.5t | 13x | 14.4x | 1.6x |
| Wed, 27 Sep 2023 | ₫4869.4t | ₫2743.9t | ₫320.3t | 13.7x | 15.2x | 1.8x |
| Fri, 25 Aug 2023 | ₫5007.9t | ₫2739.9t | ₫321.9t | 13.9x | 15.6x | 1.8x |
| Sun, 23 Jul 2023 | ₫4970.6t | ₫2719.0t | ₫317.5t | 13.5x | 15.7x | 1.8x |
| Tue, 20 Jun 2023 | ₫4641.1t | ₫2730.2t | ₫315.4t | 12.7x | 14.7x | 1.7x |
| Thu, 18 May 2023 | ₫4473.1t | ₫2724.3t | ₫320.9t | 11.9x | 13.9x | 1.6x |
| Sat, 15 Apr 2023 | ₫4416.5t | ₫2791.1t | ₫341.1t | 11x | 12.9x | 1.6x |
| Mon, 13 Mar 2023 | ₫4449.7t | ₫2791.7t | ₫344.4t | 10.4x | 12.9x | 1.6x |
| Wed, 08 Feb 2023 | ₫4510.3t | ₫2741.8t | ₫352.3t | 10.2x | 12.8x | 1.6x |
| Fri, 06 Jan 2023 | ₫4657.0t | ₫2681.5t | ₫354.5t | 9.8x | 13.1x | 1.7x |
| Sun, 04 Dec 2022 | ₫4739.2t | ₫2686.0t | ₫358.9t | 9.8x | 13.2x | 1.8x |
| Tue, 01 Nov 2022 | ₫4534.7t | ₫2595.5t | ₫367.0t | 9.7x | 12.4x | 1.7x |
| Thu, 29 Sep 2022 | ₫4830.9t | ₫2534.3t | ₫346.2t | 11.7x | 14x | 1.9x |
| Sat, 27 Aug 2022 | ₫5433.5t | ₫2537.9t | ₫348.7t | 12.8x | 15.6x | 2.1x |
| Mon, 25 Jul 2022 | ₫5031.6t | ₫2442.3t | ₫349.7t | 12.1x | 14.4x | 2.1x |
| Wed, 22 Jun 2022 | ₫4925.2t | ₫2509.5t | ₫348.4t | 12.1x | 14.1x | 2x |
| Fri, 20 May 2022 | ₫5228.9t | ₫2507.4t | ₫348.8t | 12.7x | 15x | 2.1x |
| Sun, 17 Apr 2022 | ₫6172.2t | ₫2401.7t | ₫324.2t | 16x | 19x | 2.6x |
| Tue, 15 Mar 2022 | ₫6124.6t | ₫2452.4t | ₫336.6t | 16x | 18.2x | 2.5x |
| Thu, 10 Feb 2022 | ₫6245.9t | ₫2403.8t | ₫337.1t | 14.8x | 18.5x | 2.6x |
| Sat, 08 Jan 2022 | ₫6396.5t | ₫2292.8t | ₫320.5t | 16.8x | 20x | 2.8x |
| Mon, 06 Dec 2021 | ₫6008.5t | ₫2305.7t | ₫322.8t | 16.5x | 18.6x | 2.6x |
Price to Earnings Ratio
18.6x
Current Market PE
- Investors are relatively neutral on the Vietnamese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 15.2x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 5.0% per year over the last three years.
- Revenues for these companies have grown 9.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Vietnamese Market?
| VN Market | 1.06% | |
| Tech | 4.33% | |
| Healthcare | 3.55% | |
| Consumer Discretionary | 1.65% | |
| Telecom | 1.63% | |
| Utilities | 1.62% | |
| Energy | 1.58% | |
| Financials | 1.19% | |
| Industrials | 1.07% | |
| Consumer Staples | 0.99% | |
| Materials | 0.86% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.92% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 5.1x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 11.3x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 2.2% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 14% 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 | Sector | |
|---|---|---|---|---|---|---|
| FPT FPT | ₫144.30k | 7.8% +₫15.3t | 79.6% | PE30.6x | Tech | |
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫93.30k | 3.0% +₫15.1t | 9.8% | PB2.7x | Financials | |
| BID Commercial Bank for Investment and Development of Vietnam | ₫46.75k | 2.3% +₫6.0t | 18.7% | PB2x | Financials | |
| HPG Hoa Phat Group | ₫26.75k | 2.5% +₫4.2t | 9.4% | PE14.4x | Materials | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫35.75k | 2.1% +₫4.0t | 35.9% | PB1.4x | Financials |
