VHM.VN
Full HouseVinhomes Joint Stock Company · Real Estate · Vietnam · $20.2B cap · $18.6M/day traded
VND 63,300 +0.0% · close 6 Nov · scored 7 Nov
Full House: Strong business, sensible price, and the market agrees.
As of 7 Nov 2026, the MoatMap Score for Vinhomes Joint Stock Company (VHM.VN) is 96/100, ranked against 25,000+ stocks in 38 markets (Quality 79, Value 73, Momentum 53, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT VINHOMES JOINT STOCK COMPANY
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Vinhomes Joint Stock Company develops and sells real estate properties in Vietnam. The company also leases office properties.
FINANCIAL SUMMARY (VND)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 62.4T | 103.6T | 102.3T | 153.3T | 34.9% | 304.3T | 249.5T | 235.9T | 24.1% |
| EPS (VND) | 3,311 | 3,832 | 3,674 | 5.10 | -88.5% | 11,383 | 7.75 | 7.74 | 23.2% |
| Shares | 8.7B | 8.7B | 8.2B | 8.2B | -5.7% | 8.2B | — | — | — |
| Debt | 35.7T | 56.7T | 81.3T | 146.3T | 60.1% | 239.7T | — | — | — |
| Equity | 145.2T | 179.3T | 202.6T | 238.1T | 17.9% | — | — | — | — |
| Op CF | 31.5T | 1.5T | -22.4T | 41.2T | 9.3% | 178.7T | — | — | — |
| Inv CF | -26.8T | -18.6T | 25.4T | -78.1T | — | — | — | — | — |
| Fin CF | 1.5T | 20.4T | 11.7T | 58.1T | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Swung more than 67% of stocks we rank over the past year (volatility 53% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of VHM.VN are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| VHM.VN | Vinhomes Joint Stock Company(you) | $20.2B | 96 |
| SIP.VN | Sai Gon VRG Investment Corporation | $476M | 86 |
| HDG.VN | Ha Do Group Joint Stock Company | $244M | 73 |
| DIG.VN | Development Investment Construction Joint Stock Corporation | $337M | 54 |
| KDH.VN | Khang Dien House Trading and Investment Joint Stock Company | $690M | 23 |
| NLG.VN | Nam Long Investment Corporation | $421M | 30 |
| PDR.VN | Phat Dat Real Estate Development Corporation | $449M | 21 |
| VIC.VN | Vingroup Joint Stock Company | $69.5B | 66 |
| DXS.VN | Dat Xanh Real Estate Services Joint Stock Company | $112M | 36 |
| SJS.VN | SJ Group Joint Stock Company | $644M | 92 |
Peer medians: ROE 6.6% · P/E 20.0x · Gross margin 41.5%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.