Vietnamese (HOSE) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies704
- 7D3.1%
- 3M3.6%
- 1Y17.2%
- YTD9.1%
Over the last 7 days, the market has risen 3.1%, driven by gains of 1.8% in the Financials sector. In the last year, the market has climbed 17%. As for the next few years, earnings are expected to grow by 19% per annum.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₫5300.2t | ₫2787.4t | ₫341.0t | 14.8x | 15.5x | 1.9x |
| Fri, 05 Apr 2024 | ₫5385.9t | ₫2803.0t | ₫346.0t | 15x | 15.6x | 1.9x |
| Sun, 03 Mar 2024 | ₫5316.7t | ₫2801.1t | ₫341.5t | 14.6x | 15.6x | 1.9x |
| Tue, 30 Jan 2024 | ₫4997.9t | ₫2818.7t | ₫322.6t | 13.7x | 15.5x | 1.8x |
| Thu, 28 Dec 2023 | ₫4783.3t | ₫2829.7t | ₫323.7t | 13.2x | 14.8x | 1.7x |
| Sat, 25 Nov 2023 | ₫4669.9t | ₫2819.4t | ₫320.0t | 12.8x | 14.6x | 1.7x |
| Mon, 23 Oct 2023 | ₫4697.2t | ₫2752.0t | ₫318.9t | 13.6x | 14.7x | 1.7x |
| Wed, 20 Sep 2023 | ₫5126.1t | ₫2747.5t | ₫321.1t | 13.8x | 16x | 1.9x |
| Fri, 18 Aug 2023 | ₫5189.4t | ₫2741.3t | ₫321.8t | 14.2x | 16.1x | 1.9x |
| Sun, 16 Jul 2023 | ₫4895.2t | ₫2725.3t | ₫318.1t | 13.1x | 15.4x | 1.8x |
| Tue, 13 Jun 2023 | ₫4684.2t | ₫2730.5t | ₫315.6t | 12.9x | 14.8x | 1.7x |
| Thu, 11 May 2023 | ₫4443.1t | ₫2735.9t | ₫322.1t | 11.9x | 13.8x | 1.6x |
| Sat, 08 Apr 2023 | ₫4481.7t | ₫2791.7t | ₫343.8t | 10.9x | 13x | 1.6x |
| Mon, 06 Mar 2023 | ₫4339.7t | ₫2789.0t | ₫344.6t | 10.2x | 12.6x | 1.6x |
| Wed, 01 Feb 2023 | ₫4896.9t | ₫2679.1t | ₫349.6t | 10.5x | 14x | 1.8x |
| Fri, 30 Dec 2022 | ₫4459.8t | ₫2696.6t | ₫359.4t | 9.5x | 12.4x | 1.7x |
| Sun, 27 Nov 2022 | ₫4273.8t | ₫2686.1t | ₫359.1t | 9x | 11.9x | 1.6x |
| Tue, 25 Oct 2022 | ₫4509.9t | ₫2564.6t | ₫355.5t | 10.3x | 12.7x | 1.8x |
| Thu, 22 Sep 2022 | ₫5104.8t | ₫2532.3t | ₫344.8t | 12.1x | 14.8x | 2x |
| Sat, 20 Aug 2022 | ₫5354.1t | ₫2538.1t | ₫349.0t | 12.4x | 15.3x | 2.1x |
| Mon, 18 Jul 2022 | ₫4961.4t | ₫2476.0t | ₫346.4t | 12.3x | 14.3x | 2x |
| Wed, 15 Jun 2022 | ₫5172.2t | ₫2503.1t | ₫348.4t | 12.7x | 14.8x | 2.1x |
| Fri, 13 May 2022 | ₫5474.9t | ₫2473.0t | ₫348.8t | 13.4x | 15.7x | 2.2x |
| Sun, 10 Apr 2022 | ₫6260.5t | ₫2400.1t | ₫327.4t | 15.8x | 19.1x | 2.6x |
| Tue, 08 Mar 2022 | ₫6340.5t | ₫2450.3t | ₫336.9t | 16.2x | 18.8x | 2.6x |
| Thu, 03 Feb 2022 | ₫6142.2t | ₫2373.2t | ₫340.6t | 15.1x | 18x | 2.6x |
| Sat, 01 Jan 2022 | ₫6263.4t | ₫2292.8t | ₫320.5t | 16.4x | 19.5x | 2.7x |
| Mon, 29 Nov 2021 | ₫6191.0t | ₫2293.2t | ₫323.0t | 16.6x | 19.2x | 2.7x |
| Wed, 27 Oct 2021 | ₫5723.3t | ₫2289.0t | ₫312.8t | 15x | 18.3x | 2.5x |
| Fri, 24 Sep 2021 | ₫5537.8t | ₫2285.9t | ₫309.6t | 14x | 17.9x | 2.4x |
| Sun, 22 Aug 2021 | ₫5413.7t | ₫2419.4t | ₫315.7t | 13.2x | 17.2x | 2.2x |
| Fri, 09 Jul 2021 | ₫5601.1t | ₫2416.1t | ₫314.8t | 12.5x | 17.8x | 2.3x |
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 15.7x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 6.2% per year over the last three years.
- Revenues for these companies have grown 7.1% 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 | 3.09% | |
| Tech | 6.42% | |
| Energy | 5.31% | |
| Consumer Discretionary | 5.31% | |
| Materials | 5.16% | |
| Telecom | 5.06% | |
| Industrials | 4.80% | |
| Consumer Staples | 4.70% | |
| Utilities | 3.66% | |
| Real Estate | 2.05% | |
| Financials | 1.79% | |
| Healthcare | -0.42% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 34.5% which is higher than its past year's earnings decline of 21.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Real Estate sector is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|---|
| HPG Hoa Phat Group | ₫30.70k | 8.1% +₫13.4t | 41.5% | PE19.9x | Materials | |
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫93.00k | 2.0% +₫10.1t | 19.4% | PB3x | Financials | |
| FPT FPT | ₫131.00k | 6.3% +₫9.9t | 90.7% | PE26.8x | Tech | |
| GAS Petrovietnam Gas | ₫77.40k | 5.3% +₫9.0t | -0.3% | PE16.8x | Utilities | |
| MSN Masan Group | ₫72.30k | 7.6% +₫7.3t | -1.8% | PE335.7x | Consumer Staples |
