Hoa Sen GroupSTC:HSG -0.43%82 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates STC:HSG with a GF Score™ of 82/100 and a GF Value™ of ₫13,639.39 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 625 Steel companies, Hoa Sen Group ranks better than 78.72% 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
Hoa Sen Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Hoa Sen Group's Piotroski F-Score or its related term are showing as below:
STC:HSG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Hoa Sen Group was 9. The lowest was 1. And the median was 5.
Hoa Sen Group (STC:HSG) 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.
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.
Hoa Sen Group Piotroski F-Score Related Terms
Hoa Sen Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hoa Sen Group'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.
STC:HSG vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Hoa Sen Group'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.
Hoa Sen Group Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Hoa Sen Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hoa Sen Group'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 273775.396 + 84697.3 + 62402.209 + 118713.117 = ₫539,588 Mil. Cash Flow from Operations was 398285.47 + 1229207.464 + -957800.905 + -1187705.488 = ₫-518,013 Mil. Revenue was 9509181.798 + 8356617.953 + 8383072.239 + 8967069.097 = ₫35,215,941 Mil. Gross Profit was 1212886.792 + 1020972.149 + 938516.586 + 1051966.182 = ₫4,224,342 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(17548264.246 + 19139652.761 + 18953042.84 + 21058290.984 + 23224808.094) / 5 = ₫19984811.785 Mil. Total Assets at the begining of this year (Mar25) was ₫17,548,264 Mil. Long-Term Debt & Capital Lease Obligation was ₫0 Mil. Total Current Assets was ₫14,955,051 Mil. Total Current Liabilities was ₫11,727,540 Mil.
Net Income was 273403.232 + -185890.768 + 165527.075 + 205426.811 = ₫458,466 Mil.
Revenue was 10840380.571 + 10108704.467 + 10221663.391 + 8451866.096 = ₫39,622,615 Mil. Gross Profit was 1336914.566 + 848622.843 + 1205317.686 + 1075856.93 = ₫4,466,712 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(21976277.298 + 19722949.937 + 19565620.935 + 19800192.676 + 17548264.246) / 5 = ₫19722661.0184 Mil. Total Assets at the begining of last year (Mar24) was ₫21,976,277 Mil. Long-Term Debt & Capital Lease Obligation was ₫0 Mil. Total Current Assets was ₫11,589,062 Mil. Total Current Liabilities was ₫6,218,232 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.
Hoa Sen Group's current Net Income (TTM) was 539,588.
==> 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.
Hoa Sen Group's return on assets of this year was 0.0307488. Hoa Sen Group's return on assets of last year was 0.02086188.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hoa Sen Group's current ratio of this year was 1.27520787. Hoa Sen Group's current ratio of last year was 1.86372311.
==> 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.
Hoa Sen Group's number of shares in issue this year was 807.277. Hoa Sen Group's number of shares in issue last year was 807.277.
==> 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.
Hoa Sen Group's gross margin of this year was 0.11995538. Hoa Sen Group's gross margin of last year was 0.11273138.
==> 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
Hoa Sen Group's asset turnover of this year was 2.00680481. Hoa Sen Group's asset turnover of last year was 1.80297209.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hoa Sen Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Hoa Sen Group (STC:HSG) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hoa Sen Group and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Hoa Sen Group's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Hoa Sen Group ranks #133 out of 625 companies in the Steel industry, placing it in the top 21.3%.
Is Hoa Sen Group's Piotroski F-Score too high?
Hoa Sen Group's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Steel industry median Piotroski F-Score is 5.00. Hoa Sen Group's value of 6 is 20% above this industry median. Based on the distribution chart, Hoa Sen Group ranks #133 out of 625 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Hoa Sen Group has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoa Sen Group's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Hoa Sen Group ranks #133 out of 625 companies for Piotroski F-Score. This places Hoa Sen Group in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hoa Sen Group's value of 6 is 20% above this benchmark. Historically, Hoa Sen Group's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hoa Sen Group 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 625 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. Hoa Sen Group's current Piotroski F-Score of 6 is 20% 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 Hoa Sen Group and its competitors. For the Steel 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. Hoa Sen Group's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoa Sen Group stock overvalued right now?
Based on GuruFocus' analysis, Hoa Sen Group (STC:HSG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫13,639.39, compared to a current price of ₫11,700.00 — trading 14.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Steel industry median of 5.00. Hoa Sen Group's overall GF Score™ is 82/100 with 7 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 Hoa Sen Group (STC:HSG), the current Piotroski F-Score is 6 as of Jun. 26, 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 Hoa Sen Group (STC:HSG) Overvalued in 2026?
Based on GuruFocus' analysis, Hoa Sen Group stock appears to be undervalued.
The current stock price of ₫11,700.00 is trading 14.2% below its estimated GF Value™ of ₫13,639.39.
GuruFocus considers Hoa Sen Group to be Modestly Undervalued.
Key valuation signals for STC:HSG:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: ₫13,639.39 vs. price of ₫11,700.00 (14.2% below fair value)
Industry Position: 20% above the Steel median (#133 of 625)
No single metric tells the full story. See the STC:HSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hoa Sen Group is engaged in the production of roofing sheets made of galvanized steel, zinc-aluminum alloy, painted galvanized steel, and other alloy types; steel purlins and galvanized purlins; black steel pipes, galvanized steel pipes, alloy-coated steel pipes; galvanized steel mesh, galvanized steel wire, and other steel wire products; and cold rolled steel coils. The Group is also involved in the production and sale of construction materials, including plastic pipes and plastic pipe accessories, buying and selling construction materials, production materials, and consumer goods, warehouse leasing and cargo transportation services, industrial and civil construction, leasing of machinery, equipment, and other tangible items, and hotel business, catering services, and commercial centers.
82GF Score
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