Sai Gon Water Infrastructure (HSTC:SII) Operating Income: ₫-74,469 Mil (TTM As of Mar. 2026)


HSTC:SII Sai Gon Water Infrastructure Corp HSTC:SII
81 GF Score
Price ₫16,000.00
GF Value ₫20,384.78
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Sai Gon Water Infrastructure Operating Income?

Sai Gon Water Infrastructure HSTC:SII 81 Operating Income is ₫-74,469 Mil as of Mar. 2026. GuruFocus rates HSTC:SII with a GF Score™ of 81/100 and a GF Value™ of ₫20,384.78 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Sai Gon Water Infrastructure's Operating Income for the three months ended in Mar. 2026 was ₫-8,662 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₫-74,469 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sai Gon Water Infrastructure's Operating Income for the three months ended in Mar. 2026 was ₫-8,662 Mil. Sai Gon Water Infrastructure's Revenue for the three months ended in Mar. 2026 was ₫74,361 Mil. Therefore, Sai Gon Water Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 was -11.65%.

Good Sign:

Sai Gon Water Infrastructure Corp operating margin is expanding. Margin expansion is usually a good sign.

Sai Gon Water Infrastructure's 5-Year average Growth Rate for Operating Margin % was 25.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sai Gon Water Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 was -1.42%. Sai Gon Water Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.03%.


Sai Gon Water Infrastructure  (HSTC:SII) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sai Gon Water Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-34649.552 * ( 1 - 0% )/( (2706278.171 + 2163760.611)/ 2 )
=-34649.552/2435019.391
=-1.42 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2930962.245 - 193470.284 - ( 31213.79 - max(0, 501210.929 - 1054058.855+31213.79))
=2706278.171

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2856798.423 - 195410.449 - ( 775317.623 - max(0, 501578.156 - 999205.519+775317.623))
=2163760.611

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Sai Gon Water Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=32856.744/( ( (1608969.546 + max(-43923.945, 0)) + (1589718.726 + max(39669.069, 0)) )/ 2 )
=32856.744/( ( 1608969.546 + 1629387.795 )/ 2 )
=32856.744/1619178.6705
=2.03 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11528.793 + 17989.75 + 128568.441) - (193470.284 + 0 + 8540.645)
=-43923.945

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12989.612 + 16086.502 + 208821.111) - (195410.449 + 0 + 2817.707)
=39669.069

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Sai Gon Water Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-8662.388/74361.067
=-11.65 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Sai Gon Water Infrastructure Operating Income Related Terms


Sai Gon Water Infrastructure Operating Income Historical Data

* Premium members only.

The historical data trend for Sai Gon Water Infrastructure's Operating Income 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.

Sai Gon Water Infrastructure Operating Income Chart

Sai Gon Water Infrastructure Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -69,041.79 -108,212.77 -56,331.74 -31,336.65 -40,229.52

Sai Gon Water Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 -8,966.00 -6,214.86 -9,858.76 -49,732.89 -8,662.39
HSTC:SII
81GF Score
Sai Gon Water Infrastructure Corp HSTC:SII
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sai Gon Water Infrastructure Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫-74,469 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₫-74,469 Mil mean?
Sai Gon Water Infrastructure (HSTC:SII) has a Operating Income of ₫-74,469 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sai Gon Water Infrastructure and its competitors.
Is Sai Gon Water Infrastructure's Operating Income too high?
Sai Gon Water Infrastructure's current Operating Income is ₫-74,469 Mil. Overall, Sai Gon Water Infrastructure has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sai Gon Water Infrastructure's Operating Income compare to PWR and FIX?
Sai Gon Water Infrastructure's Operating Income of ₫-74,469 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sai Gon Water Infrastructure and its competitors. Sai Gon Water Infrastructure's current Operating Income is ₫-74,469 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sai Gon Water Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Sai Gon Water Infrastructure (HSTC:SII) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫20,384.78, compared to a current price of ₫16,000.00 — trading 21.5% below its estimated fair value. The current Operating Income is ₫-74,469 Mil. Sai Gon Water Infrastructure's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Sai Gon Water Infrastructure (HSTC:SII), the current Operating Income is ₫-74,469 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 Sai Gon Water Infrastructure (HSTC:SII) Overvalued in 2026?

Based on GuruFocus' analysis, Sai Gon Water Infrastructure stock appears to be undervalued. The current stock price of ₫16,000.00 is trading 21.5% below its estimated GF Value™ of ₫20,384.78. GuruFocus considers Sai Gon Water Infrastructure to be Modestly Undervalued.

Key valuation signals for HSTC:SII:

  • Operating Income: ₫-74,469 Mil
  • GF Value™: ₫20,384.78 vs. price of ₫16,000.00 (21.5% below fair value)
  • GF Score™: 81/100 with 2 warning signs

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


Sai Gon Water Infrastructure Business Description

Address 220Bis Nguyen Huu Canh, Tasco Building, Ward 22, Binh Thanh District, Ho Chi Minh City, VNM
Sai Gon Water Infrastructure Corp is a Vietnam-based company engaged in providing solutions for water in water and sewage treatment industry. The company offers water and wastewater management services to municipal entities, businesses, and manufacturers. The main activities of the company include investment, supplying technology solutions, and operation services for water supply and sewage treatment entities.
81GF Score

Get the complete analysis for HSTC:SII

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

₫16,000.00
Price
₫20,384.78
GF Value