Southern Hydropower JSC (STC:SHP) Piotroski F-Score: 8 (As of Jun. 28, 2026) — Near Median


STC:SHP Southern Hydropower JSC STC:SHP
81 GF Score
Price ₫33,000.00
GF Value ₫35,643.43
Valuation Fairly Valued
! 1 Warning Sign
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What is Southern Hydropower JSC Piotroski F-Score?

Southern Hydropower JSC STC:SHP -0.75% 81 Piotroski F-Score is 8 as of Jun. 28, 2026, which is at its 10-year median of 8.00. GuruFocus rates STC:SHP with a GF Score™ of 81/100 and a GF Value™ of ₫35,643.43 (Fairly Valued). The stock has 1 warning sign investors should review. Among 492 Utilities - Regulated companies, Southern Hydropower JSC ranks better than 97.56% 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

Southern Hydropower JSC 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 Southern Hydropower JSC's Piotroski F-Score or its related term are showing as below:

STC:SHP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 8   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Southern Hydropower JSC was 9. The lowest was 4. And the median was 8.

Southern Hydropower JSC  (STC:SHP) 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.


Southern Hydropower JSC Piotroski F-Score Related Terms


Southern Hydropower JSC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Southern Hydropower 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.

Southern Hydropower JSC Piotroski F-Score Chart

Southern Hydropower JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 9.00 6.00 9.00 9.00

Southern Hydropower JSC Quarterly Data
Jun21 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 Premium Member Only 9.00 9.00 9.00 9.00 8.00

STC:SHP vs SRE: Piotroski F-Score Comparison

For the Utilities - Diversified subindustry, Southern Hydropower 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.


Southern Hydropower JSC Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Southern Hydropower JSC's Piotroski F-Score distribution charts can be found below:

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


STC:SHP
81GF Score
Southern Hydropower JSC STC:SHP
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 58839.775 + 136894.804 + 89355.894 + 37576.881 = ₫322,667 Mil.
Cash Flow from Operations was 19584.956 + 258077.957 + -34792.238 + 132634.335 = ₫375,505 Mil.
Revenue was 138645.635 + 236362.15 + 206532.751 + 97023.638 = ₫678,564 Mil.
Gross Profit was 74866.693 + 163000.335 + 120221.955 + 46854.441 = ₫404,943 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1263536.863 + 1311532.233 + 1469034.849 + 1469965.044 + 1358732.913) / 5 = ₫1374560.3804 Mil.
Total Assets at the begining of this year (Mar25) was ₫1,263,537 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫353,725 Mil.
Total Current Liabilities was ₫53,285 Mil.
Net Income was 33477.669 + 138807.63 + 129919.186 + 13198.131 = ₫315,403 Mil.

Revenue was 99472.039 + 232481.111 + 239265.183 + 66130.285 = ₫637,349 Mil.
Gross Profit was 43700.616 + 162497.245 + 157415.871 + 20613.382 = ₫384,227 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1404498.703 + 1417043.684 + 1557444.883 + 1444460.078 + 1263536.863) / 5 = ₫1417396.8422 Mil.
Total Assets at the begining of last year (Mar24) was ₫1,404,499 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫161,056 Mil.
Total Current Liabilities was ₫63,464 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.

Southern Hydropower JSC's current Net Income (TTM) was 322,667. ==> 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.

Southern Hydropower JSC's current Cash Flow from Operations (TTM) was 375,505. ==> 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)
=322667.354/1263536.863
=0.25536837

ROA (Last Year)=Net Income/Total Assets (Mar24)
=315402.616/1404498.703
=0.22456597

Southern Hydropower JSC's return on assets of this year was 0.25536837. Southern Hydropower JSC's return on assets of last year was 0.22456597. ==> 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.

Southern Hydropower JSC's current Net Income (TTM) was 322,667. Southern Hydropower JSC's current Cash Flow from Operations (TTM) was 375,505. ==> 375,505 > 322,667 ==> 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
=0/1374560.3804
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/1417396.8422
=0

Southern Hydropower JSC's gearing of this year was 0. Southern Hydropower JSC's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

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
=353724.528/53285.394
=6.63830182

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=161055.544/63463.705
=2.5377583

Southern Hydropower JSC's current ratio of this year was 6.63830182. Southern Hydropower JSC's current ratio of last year was 2.5377583. ==> 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.

Southern Hydropower JSC's number of shares in issue this year was 101.206. Southern Hydropower JSC's number of shares in issue last year was 101.206. ==> 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
=404943.424/678564.174
=0.59676511

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=384227.114/637348.618
=0.60285235

Southern Hydropower JSC's gross margin of this year was 0.59676511. Southern Hydropower JSC's gross margin of last year was 0.60285235. ==> 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 (Mar25)
=678564.174/1263536.863
=0.53703552

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=637348.618/1404498.703
=0.45379082

Southern Hydropower JSC's asset turnover of this year was 0.53703552. Southern Hydropower JSC's asset turnover of last year was 0.45379082. ==> 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+1+1+1+0+1
=8

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

Southern Hydropower JSC 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?
Southern Hydropower JSC (STC:SHP) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Southern Hydropower JSC and its competitors. This is near median its historical median of 8.00. Over the past decade, Southern Hydropower JSC's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Southern Hydropower JSC ranks #12 out of 492 companies in the Utilities - Regulated industry, placing it in the top 2.4%.
Is Southern Hydropower JSC's Piotroski F-Score too high?
Southern Hydropower JSC's current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. Southern Hydropower JSC's value of 8 is 33.3% above this industry median. Based on the distribution chart, Southern Hydropower JSC ranks #12 out of 492 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Southern Hydropower JSC has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Southern Hydropower JSC's Piotroski F-Score compare to SRE?
According to the Utilities - Regulated industry distribution chart, Southern Hydropower JSC ranks #12 out of 492 companies for Piotroski F-Score. This places Southern Hydropower JSC in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Southern Hydropower JSC's value of 8 is 33.3% above this benchmark. Historically, Southern Hydropower 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 8.00 vs. the industry median of 6.00, Southern Hydropower 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 492 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. Southern Hydropower JSC's current Piotroski F-Score of 8 is 33.3% 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 Southern Hydropower JSC and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Hydropower JSC's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Southern Hydropower JSC (STC:SHP) is currently considered Fairly Valued. The stock's GF Value™ is ₫35,643.43, compared to a current price of ₫33,000.00 — trading 7.4% below its estimated fair value. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 33.3% above the Utilities - Regulated industry median of 6.00. Southern Hydropower JSC's overall GF Score™ is 81/100 with 1 warning sign 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 Southern Hydropower JSC (STC:SHP), the current Piotroski F-Score is 8 as of Jun. 28, 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 Southern Hydropower JSC (STC:SHP) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Hydropower JSC stock appears to be undervalued. The current stock price of ₫33,000.00 is trading 7.4% below its estimated GF Value™ of ₫35,643.43. GuruFocus considers Southern Hydropower JSC to be Fairly Valued.

Key valuation signals for STC:SHP:

  • Piotroski F-Score: 8 (near median its 10-year median of 8.00)
  • GF Value™: ₫35,643.43 vs. price of ₫33,000.00 (7.4% below fair value)
  • GF Score™: 81/100 with 1 warning sign
  • Industry Position: 33.3% above the Utilities - Regulated median (#12 of 492)

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


Southern Hydropower JSC Business Description

Address 51A Nguyen Van Troi Street, Ward 2, Lam Dong Province, Bao Loc, VNM
Southern Hydropower JSC is a Vietnam based company engaged in manufacturing, transmitting and distributing electricity, providing architectural and related technical consultancy services, installing water supply and drainage systems, fireplace and air-conditioner, installing power systems, installing industrial machinery and equipment, repairing electrical equipment, machinery and equipment, products made of pre-casted metal (not at the head office), providing vocational training services, trading electrical machinery and equipment, electrical materials and mechanical spare parts, exploiting stones, sands, gravels, clays, repairing electronic and optical devices. The company's hydropower plants are Da Siat, Da Dang 2 and Da M'bri.
81GF Score

Get the complete analysis for STC:SHP

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

₫33,000.00
Price
₫35,643.43
GF Value