Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJul 02, 2024
DataAggregated Company Financials
Companies697
- 7D-0.1%
- 3M-3.2%
- 1Y9.9%
- YTD9.2%
In the last week, the market has been flat, with a notable exception in the Communication Services sector dropping 7.3%. Meanwhile, the market is actually up 9.9% over the past year. Earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Tue, 02 Jul 2024 | ₫5321.0t | ₫2919.4t | ₫320.2t | 16x | 16.6x | 1.8x |
| Thu, 30 May 2024 | ₫5395.6t | ₫2814.3t | ₫346.6t | 15.1x | 15.6x | 1.9x |
| Sat, 27 Apr 2024 | ₫5145.3t | ₫2808.7t | ₫342.3t | 14.5x | 15x | 1.8x |
| Mon, 25 Mar 2024 | ₫5443.1t | ₫2816.5t | ₫346.6t | 14.9x | 15.7x | 1.9x |
| Wed, 21 Feb 2024 | ₫5198.7t | ₫2797.9t | ₫340.5t | 14.4x | 15.3x | 1.9x |
| Fri, 19 Jan 2024 | ₫4966.0t | ₫2820.3t | ₫322.7t | 13.4x | 15.4x | 1.8x |
| Sun, 17 Dec 2023 | ₫4697.0t | ₫2818.5t | ₫320.0t | 13.2x | 14.7x | 1.7x |
| Tue, 14 Nov 2023 | ₫4680.5t | ₫2820.2t | ₫320.6t | 12.7x | 14.6x | 1.7x |
| Thu, 12 Oct 2023 | ₫4878.4t | ₫2739.9t | ₫320.1t | 13.9x | 15.2x | 1.8x |
| Sat, 09 Sep 2023 | ₫5229.3t | ₫2747.5t | ₫321.0t | 14.5x | 16.3x | 1.9x |
| Mon, 07 Aug 2023 | ₫5134.5t | ₫2732.3t | ₫321.1t | 14x | 16x | 1.9x |
| Wed, 05 Jul 2023 | ₫4747.6t | ₫2725.9t | ₫318.3t | 12.7x | 14.9x | 1.7x |
| Fri, 02 Jun 2023 | ₫4528.4t | ₫2721.1t | ₫315.1t | 12.5x | 14.4x | 1.7x |
| Sun, 30 Apr 2023 | ₫4401.9t | ₫2738.6t | ₫327.6t | 11.7x | 13.4x | 1.6x |
| Tue, 28 Mar 2023 | ₫4409.1t | ₫2795.7t | ₫344.4t | 10.5x | 12.8x | 1.6x |
| Thu, 23 Feb 2023 | ₫4464.8t | ₫2789.3t | ₫344.7t | 10.3x | 13x | 1.6x |
| Sat, 21 Jan 2023 | ₫4883.2t | ₫2686.9t | ₫354.3t | 10.3x | 13.8x | 1.8x |
| Mon, 19 Dec 2022 | ₫4646.0t | ₫2685.8t | ₫358.9t | 9.8x | 12.9x | 1.7x |
| Wed, 16 Nov 2022 | ₫4009.6t | ₫2667.6t | ₫357.1t | 8.3x | 11.2x | 1.5x |
| Fri, 14 Oct 2022 | ₫4642.7t | ₫2531.9t | ₫345.6t | 10.5x | 13.4x | 1.8x |
| Sun, 11 Sep 2022 | ₫5273.2t | ₫2532.7t | ₫347.0t | 12.5x | 15.2x | 2.1x |
| Tue, 09 Aug 2022 | ₫5281.1t | ₫2537.9t | ₫350.2t | 12.3x | 15.1x | 2.1x |
| Thu, 07 Jul 2022 | ₫4835.4t | ₫2473.4t | ₫345.0t | 11.8x | 14x | 2x |
| Sat, 04 Jun 2022 | ₫5469.6t | ₫2502.7t | ₫348.3t | 12.8x | 15.7x | 2.2x |
| Mon, 02 May 2022 | ₫5765.2t | ₫2430.7t | ₫337.9t | 14.4x | 17.1x | 2.4x |
| Wed, 30 Mar 2022 | ₫6360.2t | ₫2453.4t | ₫335.3t | 16.6x | 19x | 2.6x |
| Fri, 25 Feb 2022 | ₫6303.7t | ₫2450.3t | ₫338.2t | 15.5x | 18.6x | 2.6x |
| Sun, 23 Jan 2022 | ₫6122.8t | ₫2295.9t | ₫322.0t | 15.7x | 19x | 2.7x |
| Tue, 21 Dec 2021 | ₫6149.8t | ₫2306.3t | ₫323.9t | 16.7x | 19x | 2.7x |
| Thu, 18 Nov 2021 | ₫6112.0t | ₫2292.0t | ₫323.2t | 17x | 18.9x | 2.7x |
| Sat, 16 Oct 2021 | ₫5718.1t | ₫2284.4t | ₫309.5t | 14.7x | 18.5x | 2.5x |
| Mon, 13 Sep 2021 | ₫5497.4t | ₫2392.4t | ₫316.5t | 14.1x | 17.4x | 2.3x |
| Wed, 11 Aug 2021 | ₫5480.9t | ₫2419.4t | ₫315.7t | 13x | 17.4x | 2.3x |
Price to Earnings Ratio
17.8x
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 15.5x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.5% 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.
Sector Trends
Which sectors have driven the changes within the Vietnamese Market?
| VN Market | -0.14% | |
| Consumer Discretionary | 2.59% | |
| Real Estate | 1.17% | |
| Consumer Staples | 0.56% | |
| Energy | 0.22% | |
| Utilities | -0.063% | |
| Materials | -0.15% | |
| Healthcare | -0.32% | |
| Financials | -0.54% | |
| Industrials | -0.73% | |
| Tech | -2.70% | |
| Telecom | -7.30% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 36.0% which is higher than its past year's earnings decline of 21.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Real Estate sector is expected to see its earnings grow by 7.0% 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 | |
|---|---|---|---|---|---|---|
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫88.20k | 3.2% +₫15.1t | 4.2% | PB2.8x | Financials | |
| BID Commercial Bank for Investment and Development of Vietnam | ₫45.75k | 3.5% +₫8.8t | 17.2% | PB2.1x | Financials | |
| MWG Mobile World Investment | ₫66.00k | 6.5% +₫5.8t | 52.6% | PE92x | Consumer Discretionary | |
| HDB Ho Chi Minh City Development Commercial Bank | ₫24.10k | 6.6% +₫4.4t | 49.4% | PB1.5x | Financials | |
| GAS Petrovietnam Gas | ₫78.20k | 2.5% +₫4.4t | -1.3% | PE17x | Utilities |
