Vinacomin - Power Holding (HSTC:DTK) Piotroski F-Score: 8 (As of Jul. 08, 2026) — 14% Above Median


HSTC:DTK Vinacomin - Power Holding Corp HSTC:DTK
61 GF Score
Price ₫11,200.00
GF Value ₫12,534.50
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Vinacomin - Power Holding Piotroski F-Score?

Vinacomin - Power Holding HSTC:DTK 61 Piotroski F-Score is 8 as of Jul. 08, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates HSTC:DTK with a GF Score™ of 61/100 and a GF Value™ of ₫12,534.50 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 416 Utilities - Independent Power Producers companies, Vinacomin - Power Holding ranks better than 99.04% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Vinacomin - Power Holding has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Vinacomin - Power Holding's Piotroski F-Score or its related term are showing as below:

HSTC:DTK' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of Vinacomin - Power Holding was 8. The lowest was 6. And the median was 7.

Vinacomin - Power Holding  (HSTC:DTK) 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.


Vinacomin - Power Holding Piotroski F-Score Related Terms


Vinacomin - Power Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vinacomin - Power Holding'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.

Vinacomin - Power Holding Piotroski F-Score Chart

Vinacomin - Power Holding Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 7.00 7.00

Vinacomin - Power Holding Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.00 N/A N/A 7.00 8.00

Vinacomin - Power Holding Piotroski F-Score Competitor Comparison

For the Utilities - Renewable subindustry, Vinacomin - Power Holding'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.


Vinacomin - Power Holding Piotroski F-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Vinacomin - Power Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Vinacomin - Power Holding's Piotroski F-Score falls into.


HSTC:DTK
61GF Score
Vinacomin - Power Holding Corp HSTC:DTK
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 322667.72 + -5342.471 + 83883.475 + 434131.964 = ₫835,341 Mil.
Cash Flow from Operations was 2094522.149 + 694494.983 + -252844.543 + -219098.975 = ₫2,317,074 Mil.
Revenue was 3831876.101 + 2435244.183 + 2731746.552 + 3692856.002 = ₫12,691,723 Mil.
Gross Profit was 504537.08 + 72823.28 + 174825.143 + 610988.864 = ₫1,363,174 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(15498098.973 + 15324998.478 + 13878685.654 + 15337038.379 + 16272859.934) / 5 = ₫15262336.2836 Mil.
Total Assets at the begining of this year (Mar25) was ₫15,498,099 Mil.
Long-Term Debt & Capital Lease Obligation was ₫1,356,193 Mil.
Total Current Assets was ₫6,040,112 Mil.
Total Current Liabilities was ₫5,279,181 Mil.
Net Income was 265847.335 + 1111.617 + 191437.64 + 250780.872 = ₫709,177 Mil.

Revenue was 3724002.807 + 2339148.115 + 3547457.596 + 3719178.727 = ₫13,329,787 Mil.
Gross Profit was 451438.849 + 30399.558 + 331914.525 + 375810.551 = ₫1,189,563 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(16443847.652 + 0 + 0 + 15531079.057 + 15498098.973) / 5 = ₫15824341.894 Mil.
Total Assets at the begining of last year (Mar24) was ₫16,443,848 Mil.
Long-Term Debt & Capital Lease Obligation was ₫637,904 Mil.
Total Current Assets was ₫5,737,684 Mil.
Total Current Liabilities was ₫5,666,808 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.

Vinacomin - Power Holding's current Net Income (TTM) was 835,341. ==> 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.

Vinacomin - Power Holding's current Cash Flow from Operations (TTM) was 2,317,074. ==> 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 (Mar25)
=835340.688/15498098.973
=0.05389956

ROA (Last Year)=Net Income/Total Assets (Mar24)
=709177.464/16443847.652
=0.04312722

Vinacomin - Power Holding's return on assets of this year was 0.05389956. Vinacomin - Power Holding's return on assets of last year was 0.04312722. ==> 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.

Vinacomin - Power Holding's current Net Income (TTM) was 835,341. Vinacomin - Power Holding's current Cash Flow from Operations (TTM) was 2,317,074. ==> 2,317,074 > 835,341 ==> CFROA > ROA ==> Score 1.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1356193.279/15262336.2836
=0.08885883

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=637904.159/15824341.894
=0.04031158

Vinacomin - Power Holding's gearing of this year was 0.08885883. Vinacomin - Power Holding's gearing of last year was 0.04031158. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=6040112.462/5279180.764
=1.14413822

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5737683.555/5666808.048
=1.01250713

Vinacomin - Power Holding's current ratio of this year was 1.14413822. Vinacomin - Power Holding's current ratio of last year was 1.01250713. ==> This year's current ratio is higher. ==> Score 1.

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.

Vinacomin - Power Holding's number of shares in issue this year was 682.597. Vinacomin - Power Holding's number of shares in issue last year was 683.327. ==> 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
=1363174.367/12691722.838
=0.10740657

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1189563.483/13329787.245
=0.089241

Vinacomin - Power Holding's gross margin of this year was 0.10740657. Vinacomin - Power Holding's gross margin of last year was 0.089241. ==> This year's gross margin is higher. ==> Score 1.

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 (Mar25)
=12691722.838/15498098.973
=0.81892127

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=13329787.245/16443847.652
=0.81062459

Vinacomin - Power Holding's asset turnover of this year was 0.81892127. Vinacomin - Power Holding's asset turnover of last year was 0.81062459. ==> 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+1+0+1+1+1+1
=8

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

Vinacomin - Power Holding has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Vinacomin - Power Holding (HSTC:DTK) has a Piotroski F-Score of 8 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vinacomin - Power Holding and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Vinacomin - Power Holding's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Vinacomin - Power Holding ranks #4 out of 416 companies in the Utilities - Independent Power Producers industry, placing it in the top 1%.
Is Vinacomin - Power Holding's Piotroski F-Score too high?
Vinacomin - Power Holding's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Vinacomin - Power Holding's value of 8 is 60% above this industry median. Based on the distribution chart, Vinacomin - Power Holding ranks #4 out of 416 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Vinacomin - Power Holding has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vinacomin - Power Holding's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Vinacomin - Power Holding ranks #4 out of 416 companies for Piotroski F-Score. This places Vinacomin - Power Holding in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Vinacomin - Power Holding's value of 8 is 60% above this benchmark. Historically, Vinacomin - Power Holding's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Vinacomin - Power Holding 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 Piotroski F-Score for an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 416 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. Vinacomin - Power Holding's current Piotroski F-Score of 8 is 60% 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 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 Vinacomin - Power Holding and its competitors. For the Utilities - Independent Power Producers 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. Vinacomin - Power Holding's current Piotroski F-Score is 8, which is 14% above 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 Vinacomin - Power Holding stock overvalued right now?
Based on GuruFocus' analysis, Vinacomin - Power Holding (HSTC:DTK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫12,534.50, compared to a current price of ₫11,200.00 — trading 10.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Utilities - Independent Power Producers industry median of 5.00. Vinacomin - Power Holding's overall GF Score™ is 61/100 with 3 warning signs to review. 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 Vinacomin - Power Holding (HSTC:DTK), the current Piotroski F-Score is 8 as of Jul. 08, 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 Vinacomin - Power Holding (HSTC:DTK) Overvalued in 2026?

Based on GuruFocus' analysis, Vinacomin - Power Holding stock appears to be undervalued. The current stock price of ₫11,200.00 is trading 10.6% below its estimated GF Value™ of ₫12,534.50. GuruFocus considers Vinacomin - Power Holding to be Modestly Undervalued.

Key valuation signals for HSTC:DTK:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: ₫12,534.50 vs. price of ₫11,200.00 (10.6% below fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 60% above the Utilities - Independent Power Producers median (#4 of 416)

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


Vinacomin - Power Holding Business Description

Address No. 3 Duong Dinh Nghe Street, 16th Floor, Vinacomin Building, Yen Hoa Ward, Hanoi, VNM
Vinacomin - Power Holding Corp engages in producing, transmitting, and selling electricity, and in investing, constructing, exploiting, and operating thermal, hydropower, new energy, and renewable energy plants, along with electricity grids. Its activities include electricity trading, power transmission and distribution, managing construction investment projects for electrical works, transport by road, railway, and waterway, designing and manufacturing mechanical products and power equipment, constructing power plants, power lines, stations, and various industrial and infrastructure works, providing investment and construction consulting for power projects, producing building materials, and trading, importing, and exporting materials, equipment, and goods.
61GF Score

Get the complete analysis for HSTC:DTK

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

₫11,200.00
Price
₫12,534.50
GF Value