IDICO JSCHSTC:IDC 96 Piotroski F-Score is 7 as of Jun. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates HSTC:IDC with a GF Score™ of 96/100 and a GF Value™ of ₫45,165.01 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,734 Construction companies, IDICO JSC ranks better than 89.33% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
IDICO JSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for IDICO JSC's Piotroski F-Score or its related term are showing as below:
HSTC:IDC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 7
During the past 8 years, the highest Piotroski F-Score of IDICO JSC was 9. The lowest was 4. And the median was 7.
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.
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.
IDICO JSC Piotroski F-Score Related Terms
IDICO JSC Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for IDICO 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.
HSTC:IDC vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, IDICO 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.
IDICO JSC Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, IDICO JSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where IDICO JSC's Piotroski F-Score falls into.
* 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 297573.101 + 841835.882 + 449103.567 + 270595.918 = ₫1,859,108 Mil. Cash Flow from Operations was 809015.067 + 1541531.404 + 970200.008 + 197524.137 = ₫3,518,271 Mil. Revenue was 1763197.891 + 2871329.473 + 2160138.112 + 1485524.64 = ₫8,280,190 Mil. Gross Profit was 544517.755 + 1257122.584 + 706974.983 + 388738.641 = ₫2,897,354 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(19410468.098 + 19606417.045 + 21293030.254 + 23201490.68 + 23539502.63) / 5 = ₫21410181.7414 Mil. Total Assets at the begining of this year (Mar25) was ₫19,410,468 Mil. Long-Term Debt & Capital Lease Obligation was ₫3,160,817 Mil. Total Current Assets was ₫10,087,525 Mil. Total Current Liabilities was ₫5,593,032 Mil.
Net Income was 432484.844 + 511013.714 + 357418.062 + 343278.911 = ₫1,644,196 Mil.
Revenue was 2148489.328 + 2275529.728 + 1955334.918 + 1793484.296 = ₫8,172,838 Mil. Gross Profit was 809865.916 + 793321.47 + 635784.834 + 551390.837 = ₫2,790,363 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(17386392.291 + 17544497.452 + 18134916.429 + 18800160.506 + 19410468.098) / 5 = ₫18255286.9552 Mil. Total Assets at the begining of last year (Mar24) was ₫17,386,392 Mil. Long-Term Debt & Capital Lease Obligation was ₫1,885,334 Mil. Total Current Assets was ₫8,117,308 Mil. Total Current Liabilities was ₫5,348,739 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.
IDICO JSC's current Net Income (TTM) was 1,859,108.
==> 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.
IDICO JSC's return on assets of this year was 0.09577865. IDICO JSC's return on assets of last year was 0.09456795.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
IDICO JSC's current ratio of this year was 1.80358791. IDICO JSC's current ratio of last year was 1.51761162.
==> 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.
IDICO JSC's number of shares in issue this year was 379.499. IDICO JSC's number of shares in issue last year was 379.499.
==> 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.
IDICO JSC's gross margin of this year was 0.34991394. IDICO JSC's gross margin of last year was 0.3414191.
==> 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
IDICO JSC's asset turnover of this year was 0.42658374. IDICO JSC's asset turnover of last year was 0.47007097.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
IDICO JSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
IDICO JSC (HSTC:IDC) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on IDICO JSC and its competitors. This is near median its historical median of 7.00. Over the past decade, IDICO JSC's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, IDICO JSC ranks #185 out of 1734 companies in the Construction industry, placing it in the top 10.7%.
Is IDICO JSC's Piotroski F-Score too high?
IDICO JSC's current Piotroski F-Score of 7 is near 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 Construction industry median Piotroski F-Score is 5.00. IDICO JSC's value of 7 is 40% above this industry median. Based on the distribution chart, IDICO JSC ranks #185 out of 1734 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, IDICO JSC has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IDICO JSC's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, IDICO JSC ranks #185 out of 1734 companies for Piotroski F-Score. This places IDICO JSC in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. IDICO JSC's value of 7 is 40% above this benchmark. Historically, IDICO 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, IDICO 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 Piotroski F-Score for a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,734 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. IDICO JSC's current Piotroski F-Score of 7 is 40% 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 IDICO JSC and its competitors. For the Construction 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. IDICO JSC's current Piotroski F-Score is 7, which is near 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 IDICO JSC stock overvalued right now?
Based on GuruFocus' analysis, IDICO JSC (HSTC:IDC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫45,165.01, compared to a current price of ₫41,100.00 — trading 9% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. IDICO JSC's overall GF Score™ is 96/100 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 IDICO JSC (HSTC:IDC), the current Piotroski F-Score is 7 as of Jun. 25, 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 IDICO JSC (HSTC:IDC) Overvalued in 2026?
Based on GuruFocus' analysis, IDICO JSC stock appears to be undervalued.
The current stock price of ₫41,100.00 is trading 9% below its estimated GF Value™ of ₫45,165.01.
GuruFocus considers IDICO JSC to be Modestly Undervalued.
Key valuation signals for HSTC:IDC:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: ₫45,165.01 vs. price of ₫41,100.00 (9% below fair value)
Industry Position: 40% above the Construction median (#185 of 1734)
No single metric tells the full story. See the HSTC:IDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IDICO Corp JSC is engaged in the development and operation of industrial parks and related infrastructure in Vietnam. The company's reportable segments include Industrial Park Business, Electricity, Construction, Road Toll Collection, Real Estate, and Others. Its activities include developing industrial and residential parks, infrastructure, electricity projects, and providing related services. It generates the majority of its revenue from the Electricity business.
96GF Score
Get the complete analysis for HSTC:IDC
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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