Ho Chi Minh City Securities (STC:HCM) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Ho Chi Minh City Securities had a gross margin of 17.19% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Ho Chi Minh City Securities Gross Margin % Related Terms
Ho Chi Minh City Securities Gross Margin % Historical Data
* 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:HCM vs MS, GS, SCHW: Gross Margin % Comparison
For the Capital Markets subindustry, Ho Chi Minh City Securities's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
Ho Chi Minh City Securities Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Ho Chi Minh City Securities's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ho Chi Minh City Securities's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Ho Chi Minh City Securities (STC:HCM) has a Gross Margin % of 17.19% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ho Chi Minh City Securities and its competitors. This is 59% below median its historical median of 41.64. Over the past decade, Ho Chi Minh City Securities' Gross Margin % has ranged from 14.12 to 50.33. According to the industry distribution chart, Ho Chi Minh City Securities ranks #423 out of 617 companies in the Capital Markets industry, placing it in the top 68.6%.
Is Ho Chi Minh City Securities' Gross Margin % too high?
Ho Chi Minh City Securities' current Gross Margin % of 17.19% is 59% below median its 10-year median of 41.64. Over the past 10 years, this metric has ranged from a low of 14.12 to a high of 50.33. The Capital Markets industry median Gross Margin % is 48.30. Ho Chi Minh City Securities' value of 17.19% is 64.4% below this industry median. Based on the distribution chart, Ho Chi Minh City Securities ranks #423 out of 617 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Ho Chi Minh City Securities has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ho Chi Minh City Securities' Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Ho Chi Minh City Securities ranks #423 out of 617 companies for Gross Margin %. This places Ho Chi Minh City Securities in the lower half of its industry. The industry median Gross Margin % is 48.30. Ho Chi Minh City Securities' value of 17.19% is 64.4% below this benchmark. Historically, Ho Chi Minh City Securities' own Gross Margin % has ranged from 14.12 to 50.33 over the past decade. While the company's 10-year median is 41.64 vs. the industry median of 48.30, Ho Chi Minh City Securities has consistently been below 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 Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.30, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ho Chi Minh City Securities's current Gross Margin % of 17.19% is 64.4% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Ho Chi Minh City Securities and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ho Chi Minh City Securities's current Gross Margin % is 17.19%, which is 59% below median its own 10-year median of 41.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ho Chi Minh City Securities stock overvalued right now?
Based on GuruFocus' analysis, Ho Chi Minh City Securities (STC:HCM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫24,211.51, compared to a current price of ₫26,900.00 — trading 11.1% above its estimated fair value. The current Gross Margin % is 17.19%, which is 59% below median its 10-year median of 41.64 and 64.4% below the Capital Markets industry median of 48.30. Ho Chi Minh City Securities' overall GF Score™ is 62/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Ho Chi Minh City Securities (STC:HCM), the current Gross Margin % is 17.19% as of Mar. 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 Ho Chi Minh City Securities (STC:HCM) Overvalued in 2026?
Based on GuruFocus' analysis, Ho Chi Minh City Securities stock appears to be overvalued.
The current stock price of ₫26,900.00 is trading 11.1% above its estimated GF Value™ of ₫24,211.51.
GuruFocus considers Ho Chi Minh City Securities to be Modestly Overvalued.
Key valuation signals for STC:HCM:
Gross Margin %: 17.19% (59% below median its 10-year median of 41.64)
GF Value™: ₫24,211.51 vs. price of ₫26,900.00 (11.1% above fair value)
Industry Position: 64.4% below the Capital Markets median (#423 of 617)
No single metric tells the full story. See the STC:HCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ho Chi Minh City Securities Corporation is a professional securities brokerage firm in Vietnam. It provides a comprehensive suite of financial services to institutional & private clients. The company focuses on professional investment advisory services backed by a highly recognized research team.
62GF Score
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