VHM Stock Overview
Vinhomes Joint Stock Company invests in, develops, and trades in real estate properties in Vietnam.
Price History & Performance
|Historical stock prices|
|Current Share Price||₫54,100.00|
|52 Week High||₫87,500.00|
|52 Week Low||₫54,100.00|
|1 Month Change||-10.28%|
|3 Month Change||-14.53%|
|1 Year Change||-31.08%|
|3 Year Change||-21.16%|
|5 Year Change||n/a|
|Change since IPO||-20.44%|
Recent News & Updates
|VHM||VN Real Estate||VN Market|
Return vs Industry: VHM underperformed the VN Real Estate industry which returned -12.7% over the past year.
Return vs Market: VHM underperformed the VN Market which returned -13.5% over the past year.
|VHM Average Weekly Movement||2.9%|
|Real Estate Industry Average Movement||6.1%|
|Market Average Movement||5.6%|
|10% most volatile stocks in VN Market||8.4%|
|10% least volatile stocks in VN Market||3.1%|
Stable Share Price: VHM is less volatile than 75% of VN stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: VHM's weekly volatility (3%) has been stable over the past year.
About the Company
Vinhomes Joint Stock Company invests in, develops, and trades in real estate properties in Vietnam. The company also engages in office leasing activities, as well as provision of real estate management and related services. In addition, it offers general contractor, consulting and designing construction, and supervision and construction management services.
Vinhomes Fundamentals Summary
|VHM fundamental statistics|
Is VHM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VHM income statement (TTM)|
|Cost of Revenue||₫23.66t|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||6.45k|
|Net Profit Margin||48.94%|
How did VHM perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is VHM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for VHM?
Other financial metrics that can be useful for relative valuation.
|What is VHM's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does VHM's PE Ratio compare to its peers?
|VHM PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NVL No Va Land Investment Group
PDR Phat Dat Real Estate Development
KDH Khang Dien House Trading and Investment
VPI Van Phu - Invest Investment
Price-To-Earnings vs Peers: VHM is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (27.4x).
Price to Earnings Ratio vs Industry
How does VHM's PE Ratio compare vs other companies in the VN Real Estate Industry?
Price-To-Earnings vs Industry: VHM is good value based on its Price-To-Earnings Ratio (8.4x) compared to the VN Real Estate industry average (16.7x)
Price to Earnings Ratio vs Fair Ratio
What is VHM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||8.4x|
|Fair PE Ratio||23.5x|
Price-To-Earnings vs Fair Ratio: VHM is good value based on its Price-To-Earnings Ratio (8.4x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).
Share Price vs Fair Value
What is the Fair Price of VHM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: VHM (₫54100) is trading above our estimate of fair value (₫20985.03)
Significantly Below Fair Value: VHM is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Vinhomes forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VHM's forecast earnings growth (13.7% per year) is above the savings rate (3.7%).
Earnings vs Market: VHM's earnings (13.7% per year) are forecast to grow slower than the VN market (18.5% per year).
High Growth Earnings: VHM's earnings are forecast to grow, but not significantly.
Revenue vs Market: VHM's revenue (29.5% per year) is forecast to grow faster than the VN market (17.4% per year).
High Growth Revenue: VHM's revenue (29.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VHM's Return on Equity is forecast to be high in 3 years time (21.1%)
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How has Vinhomes performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VHM has high quality earnings.
Growing Profit Margin: VHM's current net profit margins (48.9%) are higher than last year (36.8%).
Past Earnings Growth Analysis
Earnings Trend: VHM's earnings have grown significantly by 27.1% per year over the past 5 years.
Accelerating Growth: VHM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VHM had negative earnings growth (-15%) over the past year, making it difficult to compare to the Real Estate industry average (7.8%).
Return on Equity
High ROE: VHM's Return on Equity (21.9%) is considered high.
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How is Vinhomes's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: VHM's short term assets (₫181,594.5B) exceed its short term liabilities (₫173,121.1B).
Long Term Liabilities: VHM's short term assets (₫181,594.5B) exceed its long term liabilities (₫16,475.5B).
Debt to Equity History and Analysis
Debt Level: VHM has more cash than its total debt.
Reducing Debt: VHM's debt to equity ratio has reduced from 98% to 24.6% over the past 5 years.
Debt Coverage: VHM's debt is well covered by operating cash flow (155.5%).
Interest Coverage: VHM's interest payments on its debt are well covered by EBIT (142.6x coverage).
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What is Vinhomes's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Vinhomes Dividend Yield vs Market|
|Market Bottom 25% (VN)||3.0%|
|Market Top 25% (VN)||7.8%|
|Industry Average (Real Estate)||3.1%|
|Analyst forecast in 3 Years (Vinhomes)||2.8%|
Notable Dividend: VHM's dividend (3.7%) is higher than the bottom 25% of dividend payers in the VN market (3.05%).
High Dividend: VHM's dividend (3.7%) is low compared to the top 25% of dividend payers in the VN market (7.77%).
Stability and Growth of Payments
Stable Dividend: VHM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: VHM's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.9%), VHM's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (38%), VHM's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ms. Hang Thu Nguyen serves as Chief Executive Officer of Vinhomes Joint Stock Company since May 10, 2022 and served as its Standing Deputy Chief Executive Officer since October 21, 2020 until May 10, 2022.
Experienced Management: VHM's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: VHM's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||266,747,615||6.1%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Vinhomes Joint Stock Company's employee growth, exchange listings and data sources
- Name: Vinhomes Joint Stock Company
- Ticker: VHM
- Exchange: HOSE
- Founded: 2008
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: ₫235.571t
- Shares outstanding: 4.35b
- Website: https://www.vinhomes.vn
Number of Employees
- Vinhomes Joint Stock Company
- Symphony Building
- Chu Huy Man Street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VHM||HOSE (Ho Chi Minh Stock Exchange)||Yes||Ordinary Shares||VN||VND||May 2018|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.