Vinhomes JSC (STC:VHM) Intangible Assets: ₫3,778,250 Mil (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STC:VHM Vinhomes JSC STC:VHM
90 GF Score
Price ₫126,900.00
GF Value ₫115,070.25
Valuation Fairly Valued
! 7 Warning Signs
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What is Vinhomes JSC Intangible Assets?

Vinhomes JSC STC:VHM -6.96% 90 Intangible Assets is ₫3,778,250 Mil as of Mar. 2026. GuruFocus rates STC:VHM with a GF Score™ of 90/100 and a GF Value™ of ₫115,070.25 (Fairly Valued). The stock has 7 warning signs investors should review.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Vinhomes JSC's intangible assets for the quarter that ended in Mar. 2026 was ₫3,778,250 Mil.


Vinhomes JSC  (STC:VHM) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Vinhomes JSC Intangible Assets Related Terms


Vinhomes JSC Intangible Assets Historical Data

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The historical data trend for Vinhomes JSC's Intangible Assets 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.

Vinhomes JSC Intangible Assets Chart

Vinhomes JSC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intangible Assets
Get a 7-Day Free Trial Premium Member Only 2,636,785.00 2,318,566.00 1,688,529.00 3,341,986.00 3,794,840.00

Vinhomes JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intangible Assets 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 3,242,521.00 3,311,798.00 3,826,570.00 3,794,840.00 3,778,250.00
STC:VHM
90GF Score
Vinhomes JSC STC:VHM
Intangible Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Vinhomes JSC Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Frequently Asked Questions Learn more about Intangible Assets →
What does a Intangible Assets of ₫3,778,250 Mil mean?
Vinhomes JSC (STC:VHM) has a Intangible Assets of ₫3,778,250 Mil as of Mar. 2026. Intangible assets include patents, goodwill and trade secrets. View historical data on Vinhomes JSC and its competitors.
Is Vinhomes JSC's Intangible Assets too high?
Vinhomes JSC's current Intangible Assets is ₫3,778,250 Mil. Overall, Vinhomes JSC has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vinhomes JSC's Intangible Assets compare to competitors?
Vinhomes JSC's Intangible Assets of ₫3,778,250 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intangible Assets for a Real Estate company?
A good Intangible Assets depends on the Real Estate industry context. However, Intangible Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Vinhomes JSC and its competitors. Vinhomes JSC's current Intangible Assets is ₫3,778,250 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinhomes JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinhomes JSC (STC:VHM) is currently considered Fairly Valued. The stock's GF Value™ is ₫115,070.25, compared to a current price of ₫126,900.00 — trading 10.3% above its estimated fair value. The current Intangible Assets is ₫3,778,250 Mil. Vinhomes JSC's overall GF Score™ is 90/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Vinhomes JSC (STC:VHM), the current Intangible Assets is ₫3,778,250 Mil 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 Vinhomes JSC (STC:VHM) Overvalued in 2026?

Based on GuruFocus' analysis, Vinhomes JSC stock appears to be overvalued. The current stock price of ₫126,900.00 is trading 10.3% above its estimated GF Value™ of ₫115,070.25. GuruFocus considers Vinhomes JSC to be Fairly Valued.

Key valuation signals for STC:VHM:

  • Intangible Assets: ₫3,778,250 Mil
  • GF Value™: ₫115,070.25 vs. price of ₫126,900.00 (10.3% above fair value)
  • GF Score™: 90/100 with 7 warning signs

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


Vinhomes JSC Business Description

Address Chu Huy Man Street, Vinhomes Riverside Area, Symphony Office Building, Phuc Loi Ward, Long Bien District, Hanoi, VNM
Vinhomes JSC is a real estate development company. The current principal activities of the Company are to develop real estate property for sale, provide leasing of offices, render real estate management and related services, provide general contractor services, consulting and designing construction services, supervision and construction management services. The company has following operating segments: Sales of inventory properties: include the transfer of properties being constructed for sale at the Company and its subsidiaries' real estate projects; Rendering consultancy and general construction contractor services: includes general contractor to investors; construction consultancy and supervision and related services; Other business activities.
90GF Score

Get the complete analysis for STC:VHM

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

₫126,900.00
Price
₫115,070.25
GF Value