VHM.VN

Full House

Vinhomes 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.

96
Score
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Quality
79
Value
73
Momentum
53

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 →

P/E (TTM)
5.4x
peers 20.0x
ROE
38.0%
peers 6.6%
D/E
0.8x
peers 0.8x
Dividend %
4.7%
trailing yield

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)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue62.4T103.6T102.3T153.3T34.9%304.3T249.5T235.9T24.1%
EPS (VND)3,3113,8323,6745.10-88.5%11,3837.757.7423.2%
Shares8.7B8.7B8.2B8.2B-5.7%8.2B———
Debt35.7T56.7T81.3T146.3T60.1%239.7T———
Equity145.2T179.3T202.6T238.1T17.9%————
Op CF31.5T1.5T-22.4T41.2T9.3%178.7T———
Inv CF-26.8T-18.6T25.4T-78.1T—————
Fin CF1.5T20.4T11.7T58.1T—————
PRICE (1Y) · VND-8.9%
57,80060,80063,80066,80069,80028 Sep19 Oct6 Nov
SMA 50SMA 200
Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsBumpy

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.

Close
VND 63,300
RSI (14)
60.3
52-Week Range-24.1% from high
Low VND 41,888.89High VND 83,440.75

SCORE BREAKDOWN

Quality
79
ROIC
31.5%98.0
ROE
38.0%97.9
GP/Assets
18.7%92.5
Op. Margin
57.4%76.5
FCF/Assets
20.0%98.2
Piotroski
537.6
Int. Cover
10.1x72.1
D/E Ratio
0.78x48.2
Current Ratio
1.26x42.5
Value
73
P/E (TTM)
5.4x91.4
EV/EBITDA
5.1x92.1
P/FCF
3.3x88.2
P/B
1.8x13.9
P/S
1.7x70.3
Div Yield
4.7%44.9
Momentum
53
52W High %
76%40.8
RS 6M
-8%48.6
SMA 50/200
1.03x81.7
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
-27%20.1
Q Growth
453%95.5

FUNDAMENTALS

Market Cap
$20.2B
P/E (Forward)
7.4x
Gross Margin
48.2%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of VHM.VN are excluded.

TickerCompanyMkt CapScore
VHM.VNVinhomes Joint Stock Company(you)$20.2B96
SIP.VNSai Gon VRG Investment Corporation$476M86
HDG.VNHa Do Group Joint Stock Company$244M73
DIG.VNDevelopment Investment Construction Joint Stock Corporation$337M54
KDH.VNKhang Dien House Trading and Investment Joint Stock Company$690M23
NLG.VNNam Long Investment Corporation$421M30
PDR.VNPhat Dat Real Estate Development Corporation$449M21
VIC.VNVingroup Joint Stock Company$69.5B66
DXS.VNDat Xanh Real Estate Services Joint Stock Company$112M36
SJS.VNSJ Group Joint Stock Company$644M92

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.

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Vinhomes Joint Stock Company (VHM.VN): Stock Score Summary

Vinhomes Joint Stock Company (VHM.VN) has a MoatMap Score of 96/100 based on Quality (79/100), Value (73/100), and Momentum (53/100) factor scores.

Vinhomes Joint Stock Company develops and sells real estate properties in Vietnam. The company also leases office properties.

Key Financial Metrics

PriceVND 63,300
Market Cap$20.2B
P/E (TTM)5.43
P/E (Forward)7.43
Price/Book1.78
Return on Equity38.0%
Return on Invested Capital31.5%
Debt/Equity0.78x
Gross Margin48.2%
Operating Margin57.4%
Revenue Growth419.9%
Dividend Yield4.7%
Free Cash Flow$6.1B

Vinhomes Joint Stock Company operates in the Real Estate - Development industry, part of the Real Estate sector (Vietnam).

Frequently Asked Questions

What is Vinhomes Joint Stock Company’s (VHM.VN) MoatMap Score?
The MoatMap Score for Vinhomes Joint Stock Company (VHM.VN) is 96/100. It is a composite of Quality (79), Value (73), and Momentum (53), each scored against its sector. The composite is then ranked across MoatMap’s universe of 25,000+ stocks.
Does Vinhomes Joint Stock Company have an economic moat?
Vinhomes Joint Stock Company (VHM.VN) has a Quality factor score of 79/100. Quality blends several measures of profitability and financial strength, led by gross profit to assets, return on invested capital and free cash flow to assets. A high score describes the financial record a durable advantage tends to leave; it does not prove a moat.
What sector is Vinhomes Joint Stock Company in?
Vinhomes Joint Stock Company (VHM.VN) operates in the Real Estate sector, specifically the Real Estate - Development industry (Vietnam).