DAP-VINACHEM JSC (HSTC:DDV) Piotroski F-Score: 5 (As of Aug. 13, 2026) — 29% Below Median

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HSTC:DDV DAP-VINACHEM JSC HSTC:DDV
86 GF Score
Price ₫18,800.00
GF Value ₫35,219.02
Valuation Significantly Undervalued
View Full Analysis

What is DAP-VINACHEM JSC Piotroski F-Score?

DAP-VINACHEM JSC HSTC:DDV +0.53% 86 Piotroski F-Score is 5 as of Aug. 13, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates HSTC:DDV with a GF Score™ of 86/100 and a GF Value™ of ₫35,219.02 (Significantly Undervalued). Among 254 Agriculture companies, DAP-VINACHEM JSC ranks better than 61.42% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

DAP-VINACHEM JSC has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for DAP-VINACHEM JSC's Piotroski F-Score or its related term are showing as below:

HSTC:DDV' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 5

During the past 6 years, the highest Piotroski F-Score of DAP-VINACHEM JSC was 9. The lowest was 4. And the median was 7.

DAP-VINACHEM JSC  (HSTC:DDV) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


DAP-VINACHEM JSC Piotroski F-Score Related Terms


DAP-VINACHEM JSC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DAP-VINACHEM JSC's Piotroski F-Score 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.

DAP-VINACHEM JSC Piotroski F-Score Chart

DAP-VINACHEM JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 6.00 8.00 6.00

DAP-VINACHEM JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Piotroski F-Score 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 8.00 8.00 6.00 7.00 5.00

HSTC:DDV vs CTVA, CF, MOS: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, DAP-VINACHEM JSC's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


DAP-VINACHEM JSC Piotroski F-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, DAP-VINACHEM JSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where DAP-VINACHEM JSC's Piotroski F-Score falls into.


HSTC:DDV
86GF Score
DAP-VINACHEM JSC HSTC:DDV
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 221100.967 + 137813.471 + 124329.713 + 104643.961 = ₫587,888 Mil.
Cash Flow from Operations was 208163.632 + 25822.455 + -71544.011 + -105151.34 = ₫57,291 Mil.
Revenue was 1396631.757 + 1469835.009 + 1842160.944 + 1784006.234 = ₫6,492,634 Mil.
Gross Profit was 305526.392 + 210740.39 + 201064.676 + 177182.9 = ₫894,514 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2688855.239 + 2765710.495 + 3038988.023 + 3094282.613 + 3291929.39) / 5 = ₫2975953.152 Mil.
Total Assets at the begining of this year (Jun25) was ₫2,688,855 Mil.
Long-Term Debt & Capital Lease Obligation was ₫3,593 Mil.
Total Current Assets was ₫2,681,520 Mil.
Total Current Liabilities was ₫1,104,590 Mil.
Net Income was 20319.38 + 58766.826 + 121754.609 + 153281.663 = ₫354,122 Mil.

Revenue was 754554.092 + 899382.388 + 1156488.001 + 1600722.305 = ₫4,411,147 Mil.
Gross Profit was 66896.61 + 118018.338 + 188227.092 + 238288.986 = ₫611,431 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2180824.632 + 2105118.029 + 2244946.789 + 2559931.49 + 2688855.239) / 5 = ₫2355935.2358 Mil.
Total Assets at the begining of last year (Jun24) was ₫2,180,825 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫2,197,954 Mil.
Total Current Liabilities was ₫783,526 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

DAP-VINACHEM JSC's current Net Income (TTM) was 587,888. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

DAP-VINACHEM JSC's current Cash Flow from Operations (TTM) was 57,291. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun25)
=587888.112/2688855.239
=0.21863881

ROA (Last Year)=Net Income/Total Assets (Jun24)
=354122.478/2180824.632
=0.16238008

DAP-VINACHEM JSC's return on assets of this year was 0.21863881. DAP-VINACHEM JSC's return on assets of last year was 0.16238008. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

DAP-VINACHEM JSC's current Net Income (TTM) was 587,888. DAP-VINACHEM JSC's current Cash Flow from Operations (TTM) was 57,291. ==> 57,291 <= 587,888 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=3593.295/2975953.152
=0.00120744

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/2355935.2358
=0

DAP-VINACHEM JSC's gearing of this year was 0.00120744. DAP-VINACHEM JSC's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=2681520.201/1104590.225
=2.42761536

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=2197954.06/783526.189
=2.80520816

DAP-VINACHEM JSC's current ratio of this year was 2.42761536. DAP-VINACHEM JSC's current ratio of last year was 2.80520816. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

DAP-VINACHEM JSC's number of shares in issue this year was 146.11. DAP-VINACHEM JSC's number of shares in issue last year was 146.11. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=894514.358/6492633.944
=0.13777372

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=611431.026/4411146.786
=0.13861045

DAP-VINACHEM JSC's gross margin of this year was 0.13777372. DAP-VINACHEM JSC's gross margin of last year was 0.13861045. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=6492633.944/2688855.239
=2.41464615

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=4411146.786/2180824.632
=2.0226967

DAP-VINACHEM JSC's asset turnover of this year was 2.41464615. DAP-VINACHEM JSC's asset turnover of last year was 2.0226967. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+0+0+1+0+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

DAP-VINACHEM JSC has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
DAP-VINACHEM JSC (HSTC:DDV) has a Piotroski F-Score of 5 as of Aug. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DAP-VINACHEM JSC and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, DAP-VINACHEM JSC's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, DAP-VINACHEM JSC ranks #98 out of 254 companies in the Agriculture industry, placing it in the top 38.6%.
Is DAP-VINACHEM JSC's Piotroski F-Score too high?
DAP-VINACHEM JSC's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Agriculture industry median Piotroski F-Score is 5.00. DAP-VINACHEM JSC's value of 5 is 0% at this industry median. Based on the distribution chart, DAP-VINACHEM JSC ranks #98 out of 254 companies in the Agriculture industry, which is above the industry midpoint. Overall, DAP-VINACHEM JSC has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DAP-VINACHEM JSC's Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, DAP-VINACHEM JSC ranks #98 out of 254 companies for Piotroski F-Score. This puts DAP-VINACHEM JSC in the upper half of its industry. The industry median Piotroski F-Score is 5.00. DAP-VINACHEM JSC's value of 5 is 0% at this benchmark. Historically, DAP-VINACHEM JSC's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, DAP-VINACHEM JSC has consistently been at 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 Piotroski F-Score for an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 254 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DAP-VINACHEM JSC's current Piotroski F-Score of 5 is 0% at 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DAP-VINACHEM JSC and its competitors. For the Agriculture industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DAP-VINACHEM JSC's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DAP-VINACHEM JSC stock overvalued right now?
Based on GuruFocus' analysis, DAP-VINACHEM JSC (HSTC:DDV) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫35,219.02, compared to a current price of ₫18,800.00 — trading 46.6% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Agriculture industry median of 5.00. DAP-VINACHEM JSC's overall GF Score™ is 86/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For DAP-VINACHEM JSC (HSTC:DDV), the current Piotroski F-Score is 5 as of Aug. 13, 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 DAP-VINACHEM JSC (HSTC:DDV) Overvalued in 2026?

Based on GuruFocus' analysis, DAP-VINACHEM JSC stock appears to be undervalued. The current stock price of ₫18,800.00 is trading 46.6% below its estimated GF Value™ of ₫35,219.02. GuruFocus considers DAP-VINACHEM JSC to be Significantly Undervalued.

Key valuation signals for HSTC:DDV:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: ₫35,219.02 vs. price of ₫18,800.00 (46.6% below fair value)
  • GF Score™: 86/100
  • Industry Position: 0% at the Agriculture median (#98 of 254)

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


DAP-VINACHEM JSC Business Description

Address Lot N5.8 Dinh Vu Industrial Park, Cat Hai, Dong Hai Ward, Dinh Vu Economic Zone, Hai Phong City, VNM
DAP-VINACHEM JSC operates in the manufacturing and trading of agricultural fertilizers. Its activities include manufacturing fertilizers and nitrogen compounds, basic chemicals, generating, transmitting and distributing electricity, repairing machinery and electrical equipment, installing machinery and industrial equipment, wholesale of fertilizers, nitrogen compounds and basic chemicals, warehouse leasing, port toll collection, road freight transport, construction activities, manufacturing cement, lime, plaster, concrete and other non-metallic mineral products, and wholesale of construction materials and installation equipment. Its products and services include DAP fertilizer, chemicals, plaster, and port services.
86GF Score

Get the complete analysis for HSTC:DDV

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫18,800.00
Price
₫35,219.02
GF Value