Sunshine Homes Development JSC (HSTC:SSH) Equity-to-Asset: 0.61 (As of Jun. 2026) — 49% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HSTC:SSH Sunshine Homes Development JSC HSTC:SSH
51 GF Score
Price ₫61,700.00
GF Value ₫25,272.17
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Sunshine Homes Development JSC Equity-to-Asset?

Sunshine Homes Development JSC HSTC:SSH 51 Equity-to-Asset is 0.61 as of Jun. 2026, which is 49% above its 10-year median of 0.41. GuruFocus rates HSTC:SSH with a GF Score™ of 51/100 and a GF Value™ of ₫25,272.17 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,803 Real Estate companies, Sunshine Homes Development JSC ranks better than 72.43% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sunshine Homes Development JSC's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₫7,148,957 Mil. Sunshine Homes Development JSC's Total Assets for the quarter that ended in Jun. 2026 was ₫11,678,145 Mil. Therefore, Sunshine Homes Development JSC's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.61.

The historical rank and industry rank for Sunshine Homes Development JSC's Equity-to-Asset or its related term are showing as below:

HSTC:SSH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2   Med: 0.41   Max: 0.61
Current: 0.61

During the past 5 years, the highest Equity to Asset Ratio of Sunshine Homes Development JSC was 0.61. The lowest was 0.20. And the median was 0.41.

HSTC:SSH's Equity-to-Asset is ranked better than
72.43% of 1803 companies
in the Real Estate industry
Industry Median: 0.45 vs HSTC:SSH: 0.61

Sunshine Homes Development JSC  (HSTC:SSH) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Sunshine Homes Development JSC Equity-to-Asset Related Terms


Sunshine Homes Development JSC Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Sunshine Homes Development JSC's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sunshine Homes Development JSC Equity-to-Asset Chart

Sunshine Homes Development JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
0.26 0.21 0.40 0.41 0.46

Sunshine Homes Development JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.42 0.46 0.51 0.61

Sunshine Homes Development JSC Equity-to-Asset Competitor Comparison

For the Real Estate - Development subindustry, Sunshine Homes Development JSC's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sunshine Homes Development JSC Equity-to-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine Homes Development JSC's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Sunshine Homes Development JSC's Equity-to-Asset falls into.


HSTC:SSH
51GF Score
Sunshine Homes Development JSC HSTC:SSH
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunshine Homes Development JSC Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Sunshine Homes Development JSC's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=5534932.793/12139247.382
=0.46

Sunshine Homes Development JSC's Equity to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Equity to Asset (Q: Jun. 2026 )=Total Stockholders Equity/Total Assets
=7148956.746/11678145.232
=0.61

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.61 mean?
Sunshine Homes Development JSC (HSTC:SSH) has a Equity-to-Asset of 0.61 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Sunshine Homes Development JSC and its competitors. This is 49% above median its historical median of 0.41. Over the past decade, Sunshine Homes Development JSC's Equity-to-Asset has ranged from 0.20 to 0.61. According to the industry distribution chart, Sunshine Homes Development JSC ranks #497 out of 1803 companies in the Real Estate industry, placing it in the top 27.6%.
Is Sunshine Homes Development JSC's Equity-to-Asset too high?
Sunshine Homes Development JSC's current Equity-to-Asset of 0.61 is 49% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.61. The Real Estate industry median Equity-to-Asset is 0.45. Sunshine Homes Development JSC's value of 0.61 is 35.6% above this industry median. Based on the distribution chart, Sunshine Homes Development JSC ranks #497 out of 1803 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sunshine Homes Development JSC has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunshine Homes Development JSC's Equity-to-Asset compare to competitors?
According to the Real Estate industry distribution chart, Sunshine Homes Development JSC ranks #497 out of 1803 companies for Equity-to-Asset. This puts Sunshine Homes Development JSC in the upper half of its industry. The industry median Equity-to-Asset is 0.45. Sunshine Homes Development JSC's value of 0.61 is 35.6% above this benchmark. Historically, Sunshine Homes Development JSC's own Equity-to-Asset has ranged from 0.20 to 0.61 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.45, Sunshine Homes Development JSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Real Estate company?
The median Equity-to-Asset among Real Estate companies is 0.45, based on 1,803 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunshine Homes Development JSC's current Equity-to-Asset of 0.61 is 35.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Sunshine Homes Development JSC and its competitors. For the Real Estate industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunshine Homes Development JSC's current Equity-to-Asset is 0.61, which is 49% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Homes Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Homes Development JSC (HSTC:SSH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫25,272.17, compared to a current price of ₫61,700.00 — trading 144.1% above its estimated fair value. The current Equity-to-Asset is 0.61, which is 49% above median its 10-year median of 0.41 and 35.6% above the Real Estate industry median of 0.45. Sunshine Homes Development JSC's overall GF Score™ is 51/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Sunshine Homes Development JSC (HSTC:SSH), the current Equity-to-Asset is 0.61 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sunshine Homes Development JSC (HSTC:SSH) Overvalued in 2026?

Based on GuruFocus' analysis, Sunshine Homes Development JSC stock appears to be overvalued. The current stock price of ₫61,700.00 is trading 144.1% above its estimated GF Value™ of ₫25,272.17. GuruFocus considers Sunshine Homes Development JSC to be Significantly Overvalued.

Key valuation signals for HSTC:SSH:

  • Equity-to-Asset: 0.61 (49% above median its 10-year median of 0.41)
  • GF Value™: ₫25,272.17 vs. price of ₫61,700.00 (144.1% above fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 35.6% above the Real Estate median (#497 of 1803)

No single metric tells the full story. See the HSTC:SSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunshine Homes Development JSC Business Description

Address 9th Floor, Sunshine Center building, 16 Pham Hung Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi City, VNM
Sunshine Homes Development JSC is engaged in the development and trading of real estate projects, motor vehicle rental, and management consultancy activities. The Company also conducts real estate business, including land use rights owned, used or leased, finishing of construction works, construction of residential and non-residential buildings, and real estate consultancy, brokerage, and management services. Its projects include Sunshine Marina Mui Ne - Hilltop Hotels & Resorts in Mui Ne Ward, Lam Dong Province; Sunshine Golf & Resort Lang Co in Lang Co, Hue; Noble Palace Tay Thang Long in O Dien, Hanoi City; Noble Palace Garden in Dan Phuong, Hanoi City; Noble Crystal Tay Ho WorldHotels Residence in Phu Thuong Ward, Hanoi City; and Noble Palace Tay Ho in Phu Thuong Ward, Hanoi City.
51GF Score

Get the complete analysis for HSTC:SSH

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫61,700.00
Price
₫25,272.17
GF Value