Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies697
- 7D2.3%
- 3M0.9%
- 1Y10.1%
- YTD11.6%
The market has climbed 2.3% in the last 7 days, lead by the Financials sector with a gain of 2.6%. The market is up 10% over the last 12 months. Looking forward, 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, 09 Jul 2024 | ₫5450.5t | ₫2918.3t | ₫319.3t | 16.3x | 17.1x | 1.9x |
| Thu, 06 Jun 2024 | ₫5443.5t | ₫2814.5t | ₫346.6t | 15.4x | 15.7x | 1.9x |
| Sat, 04 May 2024 | ₫5192.2t | ₫16161.6t | ₫2669.4t | 14.5x | 1.9x | 0.3x |
| Mon, 01 Apr 2024 | ₫5454.3t | ₫2803.7t | ₫346.5t | 15.2x | 15.7x | 1.9x |
| Wed, 28 Feb 2024 | ₫5231.1t | ₫2801.3t | ₫341.7t | 14.7x | 15.3x | 1.9x |
| Fri, 26 Jan 2024 | ₫4976.8t | ₫2818.4t | ₫322.1t | 13.4x | 15.5x | 1.8x |
| Sun, 24 Dec 2023 | ₫4708.5t | ₫2829.7t | ₫323.7t | 13x | 14.5x | 1.7x |
| Tue, 21 Nov 2023 | ₫4702.3t | ₫2819.8t | ₫320.0t | 12.9x | 14.7x | 1.7x |
| Thu, 19 Oct 2023 | ₫4748.3t | ₫2739.3t | ₫320.2t | 13.1x | 14.8x | 1.7x |
| Sat, 16 Sep 2023 | ₫5174.3t | ₫2747.5t | ₫321.0t | 14.1x | 16.1x | 1.9x |
| Mon, 14 Aug 2023 | ₫5181.6t | ₫2741.2t | ₫321.8t | 14.1x | 16.1x | 1.9x |
| Wed, 12 Jul 2023 | ₫4827.0t | ₫2725.7t | ₫318.2t | 12.9x | 15.2x | 1.8x |
| Fri, 09 Jun 2023 | ₫4622.4t | ₫2730.5t | ₫315.6t | 12.7x | 14.6x | 1.7x |
| Sun, 07 May 2023 | ₫4366.9t | ₫2738.3t | ₫323.5t | 11.8x | 13.5x | 1.6x |
| Tue, 04 Apr 2023 | ₫4519.9t | ₫2790.8t | ₫343.7t | 10.7x | 13.2x | 1.6x |
| Thu, 02 Mar 2023 | ₫4403.0t | ₫2789.3t | ₫344.7t | 10.2x | 12.8x | 1.6x |
| Sat, 28 Jan 2023 | ₫4925.7t | ₫2689.3t | ₫353.6t | 10.3x | 13.9x | 1.8x |
| Mon, 26 Dec 2022 | ₫4511.7t | ₫2696.6t | ₫359.4t | 9.5x | 12.6x | 1.7x |
| Wed, 23 Nov 2022 | ₫4193.3t | ₫2679.4t | ₫358.6t | 9.1x | 11.7x | 1.6x |
| Fri, 21 Oct 2022 | ₫4668.1t | ₫2537.1t | ₫347.3t | 10.6x | 13.4x | 1.8x |
| Sun, 18 Sep 2022 | ₫5205.7t | ₫2537.2t | ₫347.6t | 12.4x | 15x | 2.1x |
| Tue, 16 Aug 2022 | ₫5376.7t | ₫2537.6t | ₫348.9t | 12.7x | 15.4x | 2.1x |
| Thu, 14 Jul 2022 | ₫4938.6t | ₫2475.4t | ₫346.3t | 12.3x | 14.3x | 2x |
| Sat, 11 Jun 2022 | ₫5399.3t | ₫2503.1t | ₫348.4t | 13.4x | 15.5x | 2.2x |
| Mon, 09 May 2022 | ₫5594.7t | ₫2432.5t | ₫345.3t | 13.7x | 16.2x | 2.3x |
| Wed, 06 Apr 2022 | ₫6437.6t | ₫2403.9t | ₫329.1t | 16.5x | 19.6x | 2.7x |
| Fri, 04 Mar 2022 | ₫6357.7t | ₫2450.3t | ₫338.2t | 16.3x | 18.8x | 2.6x |
| Sun, 30 Jan 2022 | ₫6143.2t | ₫2336.3t | ₫325.4t | 15x | 18.9x | 2.6x |
| Tue, 28 Dec 2021 | ₫6201.5t | ₫2306.3t | ₫323.9t | 16.8x | 19.1x | 2.7x |
| Thu, 25 Nov 2021 | ₫6177.5t | ₫2293.2t | ₫322.9t | 16.7x | 19.1x | 2.7x |
| Sat, 23 Oct 2021 | ₫5705.1t | ₫2281.6t | ₫310.2t | 15x | 18.4x | 2.5x |
| Mon, 20 Sep 2021 | ₫5544.2t | ₫2285.7t | ₫309.5t | 13.7x | 17.9x | 2.4x |
| Wed, 18 Aug 2021 | ₫5525.5t | ₫2419.4t | ₫315.7t | 13.2x | 17.5x | 2.3x |
Price to Earnings Ratio
17.1x
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 6.4% 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 | 2.25% | |
| Energy | 8.42% | |
| Tech | 7.80% | |
| Materials | 3.87% | |
| Financials | 2.64% | |
| Consumer Discretionary | 2.27% | |
| Healthcare | 1.92% | |
| Industrials | 1.75% | |
| Utilities | 1.52% | |
| Telecom | 0.07% | |
| Consumer Staples | -0.048% | |
| Real Estate | -0.64% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.4% 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 35% 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 7.2% 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 | |
|---|---|---|---|---|---|---|
| BID Commercial Bank for Investment and Development of Vietnam | ₫47.00k | 7.1% +₫17.7t | 12.8% | PB2.2x | Financials | |
| FPT FPT | ₫139.60k | 8.6% +₫16.1t | 113.2% | PE32.8x | Tech | |
| LPB Lien Viet Post Commercial Bank | ₫32.25k | 15.6% +₫11.1t | 135.4% | n/a | Financials | |
| PLX Vietnam National Petroleum Group | ₫46.50k | 14.0% +₫7.2t | 11.2% | PE22.5x | Energy | |
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫87.20k | 1.3% +₫6.1t | 0.3% | PB2.8x | Financials |
