Valuation Vinhomes

Stocks

VHM

VN000000VHM0

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 2026-10-06			5-day change	1st Jan Change
69,000.00 ^VND	+1.02%		-1.15%	+11.29%

09-23	Vinhomes Joint Stock Company Approves Private Placement and Issuance of Up to VND 8,000,000,000,000 Non-Convertible Corporate Bonds	CI
09-21	Vinhomes Joint Stock Company(HOSE:VHM) added to FTSE All-World Index	CI

Company Valuation: Vinhomes

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	357,058,134	209,009,639	188,108,675	164,296,480	509,319,088	566,822,857	-	-
Change	-	-41.46%	-10%	-12.66%	210%	11.29%	-	-
Enterprise Value (EV) ¹	367,371,787	232,798,551	226,855,260	214,827,717	553,458,882	648,884,220	625,010,670	603,464,019
Change	-	-36.63%	-2.55%	-5.3%	157.63%	17.24%	-3.68%	-3.45%
P/E	9.05x	7.3x	5.68x	5.51x	12.4x	9.26x	9.46x	9.07x
PBR	2.83x	1.45x	1.05x	0.81x	2.14x	1.99x	1.73x	1.41x
PEG	-	-0.3x	0.4x	-1.2x	0.3x	0.2x	-4.45x	2.15x
Capitalization / Revenue	4.2x	3.35x	1.82x	1.61x	3.31x	2.96x	2.54x	2.22x
EV / Revenue	4.32x	3.73x	2.2x	2.11x	3.59x	3.39x	2.8x	2.37x
EV / EBITDA	8.36x	8.82x	7.54x	8.49x	13.8x	7.76x	7.14x	7.14x
EV / EBIT	8.57x	9.29x	8.12x	9.09x	14.7x	8.1x	8.21x	7.5x
EV / FCF	-173x	-	162x	-6.44x	21.5x	-73.9x	57.5x	8.9x
FCF Yield	-0.58%	-	0.62%	-15.5%	4.65%	-1.35%	1.74%	11.2%
Dividend per Share ²	1,000	-	-	-	-	-	-	-
Rate of return	2.44%	-	-	-	-	-	-	-
EPS ²	4,530	3,288	3,804	3,628	5,004	7,454	7,296	7,604
Distribution rate	22.1%	-	-	-	-	-	-	-
Net sales ¹	85,093,964	62,392,115	103,334,072	102,045,377	154,102,382	191,240,056	223,357,180	255,129,939
EBITDA ¹	43,936,096	26,381,855	30,083,629	25,311,098	40,058,789	83,577,512	87,560,777	84,554,026
EBIT ¹	42,865,114	25,071,611	27,933,310	23,640,690	37,742,267	80,132,341	76,095,521	80,437,071
Net income ¹	39,016,681	28,628,187	33,125,469	31,527,156	41,107,147	63,292,562	60,696,709	62,466,632
Net Debt ¹	10,313,653	23,788,912	38,746,585	50,531,237	44,139,794	82,061,363	58,187,813	36,641,163
Reference price ²	41,000.00	24,000.00	21,600.00	20,000.00	62,000.00	69,000.00	69,000.00	69,000.00
Nbr of stocks (in thousands)	8,708,735	8,708,735	8,708,735	8,214,824	8,214,824	8,214,824	-	-
Announcement Date	1/28/22	1/30/23	1/29/24	1/24/25	1/30/26	-	-	-

¹VND in Million²VND

Estimates

P/E, Detailed evolution

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
VINHOMES	9.16x	3.36x	7.7x	-.--%	21.58B
VINGROUP	62.72x	-	-	-	66.91B
EMAAR PROPERTIES	5.6x	0.73x	1.5x	8.79%	27.39B
MITSUBISHI ESTATE CO., LTD.	17.12x	3.86x	15.52x	1.43%	26.39B
MITSUI FUDOSAN CO., LTD.	13.12x	3.01x	14.41x	2.66%	24.19B
ALPHA DHABI HOLDING	7.99x	0.88x	3.22x	2.8%	20.44B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	12.51x	6.28x	16.51x	1.74%	17.91B
ALDAR PROPERTIES	7.7x	1.86x	5.69x	2.68%	17.47B
DLF LIMITED	33.35x	15.51x	53.65x	1.29%	17.3B
HONGKONG LAND HOLDINGS LIMITED	35.28x	13.16x	32.72x	3.37%	17.03B
Average	20.45x	5.41x	16.77x	2.75%	25.66B
Weighted average by Cap.	27.34x	4.87x	15.35x	2.94%