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Vinhomes JSC
VN:VHM

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Vinhomes JSC
VN:VHM
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Price: 146 000 VND -3.31% Market Closed
Market Cap: ₫599.7T

EV/S

4.4
Current
59%
More Expensive
vs 3-y average of 2.8

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
4.4
=
Enterprise Value
₫667.6T
/
Revenue
₫153.3T

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
4.4
=
Enterprise Value
₫667.6T
/
Revenue
₫153.3T

Valuation Scenarios

Vinhomes JSC is trading above its 3-year average

If EV/S returns to its 3-Year Average (2.8), the stock would be worth ₫91 766 (37% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-58%
Maximum Upside
+48%
Average Downside
17%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 4.4 ₫146 000
0%
3-Year Average 2.8 ₫91 766
-37%
5-Year Average 3.5 ₫114 404.27
-22%
Industry Average 6.5 ₫215 378.69
+48%
Country Average 1.9 ₫60 983.91
-58%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₫667.6T
/
Jan 2026
₫153.3T
=
4.4
Current
₫667.6T
/
Dec 2026
₫140.8T
=
4.7
Forward
₫667.6T
/
Dec 2027
₫162.8T
=
4.1
Forward
₫667.6T
/
Dec 2028
₫190.9T
=
3.5
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Vietnam
Percentile
69th
Based on 187 companies
69th percentile
4.4
Low
0 — 0.9
Typical Range
0.9 — 4.6
High
4.6 —
Distribution Statistics
Vietnam
Min 0
30th Percentile 0.9
Median 1.9
70th Percentile 4.6
Max 266.8

Vinhomes JSC
Glance View

Market Cap
599.7T VND
Industry
Real Estate

Vinhomes JSC, the real estate development arm of Vietnam's conglomerate Vingroup, has crafted a significant presence in the ambitious landscape of urban development and luxury real estate. Born out of the need to transform the Vietnamese real estate market, Vinhomes has capitalized on the fast-paced urbanization and the burgeoning middle class. The company specializes in creating integrated urban complexes that combine residential, commercial, and entertainment facilities, which are strategically located across major Vietnamese cities. These developments are designed to foster vibrant communities with sophisticated amenities, aiming at both local demand and the interests of foreign investors. The financial machinery of Vinhomes revolves around the development and sale of residential properties, including high-end apartments, villas, and townhouses. These properties are sold directly to consumers or through pre-sales agreements, ensuring steady cash flow and a robust pipeline of projects. Moreover, Vinhomes generates recurring income through property management services and leases of commercial spaces. By integrating a comprehensive ecosystem of services, including schools, hospitals, and shopping centers, Vinhomes not only enhances property value but also diversifies revenue streams, solidifying its standing as a dominant force in the Vietnamese real estate sector.

VHM Intrinsic Value
125 319.12 VND
Overvaluation 14%
Intrinsic Value
Price ₫146 000
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