Hoa Sen Group (STC:HSG) Gross Margin %: 11.73% (As of Mar. 2026) — Near Median


STC:HSG Hoa Sen Group STC:HSG
82 GF Score
Price ₫11,600.00
GF Value ₫13,645.00
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Hoa Sen Group Gross Margin %?

Hoa Sen Group STC:HSG -0.85% 82 Gross Margin % is 11.73% as of Mar. 2026, which is 2% below its 10-year median of 11.96. GuruFocus rates STC:HSG with a GF Score™ of 82/100 and a GF Value™ of ₫13,645.00 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 597 Steel companies, Hoa Sen Group ranks worse than 51.59% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Hoa Sen Group's Gross Profit for the three months ended in Mar. 2026 was ₫1,051,966 Mil. Hoa Sen Group's Revenue for the three months ended in Mar. 2026 was ₫8,967,069 Mil. Therefore, Hoa Sen Group's Gross Margin % for the quarter that ended in Mar. 2026 was 11.73%.

Warning Sign:

Hoa Sen Group gross margin has been in long-term decline. The average rate of decline per year is -8.5%.


The historical rank and industry rank for Hoa Sen Group's Gross Margin % or its related term are showing as below:

STC:HSG' s Gross Margin % Range Over the Past 10 Years
Min: 9.67   Med: 11.96   Max: 23.34
Current: 12


During the past 13 years, the highest Gross Margin % of Hoa Sen Group was 23.34%. The lowest was 9.67%. And the median was 11.96%.

STC:HSG's Gross Margin % is ranked worse than
51.59% of 597 companies
in the Steel industry
Industry Median: 12.6 vs STC:HSG: 12.00

Hoa Sen Group had a gross margin of 11.73% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hoa Sen Group was -8.50% per year.


Hoa Sen Group  (STC:HSG) 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

Hoa Sen Group had a gross margin of 11.73% 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.


Hoa Sen Group Gross Margin % Related Terms


Hoa Sen Group Gross Margin % Historical Data

* Premium members only.

The historical data trend for Hoa Sen Group's Gross Margin % 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.

Hoa Sen Group Gross Margin % Chart

Hoa Sen Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.21 9.93 9.67 10.86 12.37

Hoa Sen Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % 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 12.73 12.75 12.22 11.20 11.73

STC:HSG vs NUE, STLD, RS: Gross Margin % Comparison

For the Steel subindustry, Hoa Sen Group'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.


Hoa Sen Group Gross Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Hoa Sen Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hoa Sen Group's Gross Margin % falls into.


STC:HSG
82GF Score
Hoa Sen Group STC:HSG
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoa Sen Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Hoa Sen Group's Gross Margin for the fiscal year that ended in Sep. 2025 is calculated as

Gross Margin % (A: Sep. 2025 )=Gross Profit (A: Sep. 2025 ) / Revenue (A: Sep. 2025 )
=4520040.8 / 36537815.078
=(Revenue - Cost of Goods Sold) / Revenue
=(36537815.078 - 32017774.229) / 36537815.078
=12.37 %

Hoa Sen Group's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1051966.2 / 8967069.097
=(Revenue - Cost of Goods Sold) / Revenue
=(8967069.097 - 7915102.915) / 8967069.097
=11.73 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 11.73% mean?
Hoa Sen Group (STC:HSG) has a Gross Margin % of 11.73% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hoa Sen Group and its competitors. This is near median its historical median of 11.96. Over the past decade, Hoa Sen Group's Gross Margin % has ranged from 9.67 to 23.34. According to the industry distribution chart, Hoa Sen Group ranks #308 out of 597 companies in the Steel industry, placing it in the top 51.6%.
Is Hoa Sen Group's Gross Margin % too high?
Hoa Sen Group's current Gross Margin % of 11.73% is near median its 10-year median of 11.96. Over the past 10 years, this metric has ranged from a low of 9.67 to a high of 23.34. The Steel industry median Gross Margin % is 12.60. Hoa Sen Group's value of 11.73% is 6.9% below this industry median. Based on the distribution chart, Hoa Sen Group ranks #308 out of 597 companies in the Steel industry, which is below the industry midpoint. 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 Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Hoa Sen Group ranks #308 out of 597 companies for Gross Margin %. This places Hoa Sen Group in the lower half of its industry. The industry median Gross Margin % is 12.60. Hoa Sen Group's value of 11.73% is 6.9% below this benchmark. Historically, Hoa Sen Group's own Gross Margin % has ranged from 9.67 to 23.34 over the past decade. While the company's 10-year median is 11.96 vs. the industry median of 12.60, Hoa Sen Group 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 Steel company?
The median Gross Margin % among Steel companies is 12.60, based on 597 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. Hoa Sen Group's current Gross Margin % of 11.73% is 6.9% 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 Hoa Sen Group and its competitors. For the Steel industry, the median Gross Margin % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoa Sen Group's current Gross Margin % is 11.73%, which is near median its own 10-year median of 11.96. 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 ₫13,645.00, compared to a current price of ₫11,600.00 — trading 15% below its estimated fair value. The current Gross Margin % is 11.73%, which is near median its 10-year median of 11.96 and 6.9% below the Steel industry median of 12.60. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Hoa Sen Group (STC:HSG), the current Gross Margin % is 11.73% 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 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 ₫11,600.00 is trading 15% below its estimated GF Value™ of ₫13,645.00. GuruFocus considers Hoa Sen Group to be Modestly Undervalued.

Key valuation signals for STC:HSG:

  • Gross Margin %: 11.73% (near median its 10-year median of 11.96)
  • GF Value™: ₫13,645.00 vs. price of ₫11,600.00 (15% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 6.9% below the Steel median (#308 of 597)

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 Business Description

Address 183 Nguyen Van Troi Street, Ward 10, Phu Nhuan District, Ho Chi Minh, VNM
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

Get the complete analysis for STC:HSG

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫11,600.00
Price
₫13,645.00
GF Value