Hoa Sen Group (STC:HSG) Operating Income: ₫705,050 Mil (TTM As of Mar. 2026)


STC:HSG Hoa Sen Group STC:HSG
82 GF Score
Price ₫11,350.00
GF Value ₫13,729.19
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Hoa Sen Group Operating Income?

Hoa Sen Group STC:HSG -1.30% 82 Operating Income is ₫705,050 Mil as of Mar. 2026. GuruFocus rates STC:HSG with a GF Score™ of 82/100 and a GF Value™ of ₫13,729.19 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Hoa Sen Group's Operating Income for the three months ended in Mar. 2026 was ₫236,265 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₫705,050 Mil.

Warning Sign:

Hoa Sen Group has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hoa Sen Group's Operating Income for the three months ended in Mar. 2026 was ₫236,265 Mil. Hoa Sen Group's Revenue for the three months ended in Mar. 2026 was ₫8,967,069 Mil. Therefore, Hoa Sen Group's Operating Margin % for the quarter that ended in Mar. 2026 was 2.63%.

Warning Sign:

Hoa Sen Group operating margin has been in a 5-year decline. The average rate of decline per year is -32.5%.

Hoa Sen Group's 5-Year average Growth Rate for Operating Margin % was -32.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hoa Sen Group's annualized ROC % for the quarter that ended in Mar. 2026 was 3.90%. Hoa Sen Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.78%.


Hoa Sen Group  (STC:HSG) Operating Income Explanation

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

Hoa Sen Group'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 )
=945059.204 * ( 1 - 24.11% )/( (17359114.952 + 19446782.273)/ 2 )
=717205.4299156/18402948.6125
=3.90 %

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))
=21058290.984 - 2774096.542 - ( 925079.49 - max(0, 9665003.805 - 13455528.388+925079.49))
=17359114.952

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))
=23224808.094 - 2771532.462 - ( 1006493.359 - max(0, 11727539.8 - 14955051.03+1006493.359))
=19446782.273

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

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

Hoa Sen Group'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 )
=1058317.52/( ( (5650689.84 + max(8992232.444, 0)) + (6093347.021 + max(10476489.236, 0)) )/ 2 )
=1058317.52/( ( 14642922.284 + 16569836.257 )/ 2 )
=1058317.52/15606379.2705
=6.78 %

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)
=(1593044.405 + 9439963.069 + 1481021.521) - (2774096.542 + 0 + 747700.009)
=8992232.444

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2126186.399 + 10179336.416 + 1630962.544) - (2771532.462 + 0 + 688463.661)
=10476489.236

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 %:

Hoa Sen Group'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 )
=236264.801/8967069.097
=2.63 %

* 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.


Hoa Sen Group Operating Income Related Terms


Hoa Sen Group Operating Income Historical Data

* Premium members only.

The historical data trend for Hoa Sen Group'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.

Hoa Sen Group Operating Income Chart

Hoa Sen Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,103,094.58 583,821.30 176,810.02 423,396.04 745,444.67

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
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 167,715.20 253,552.75 103,690.67 111,541.58 236,264.80
STC:HSG
82GF Score
Hoa Sen Group STC:HSG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoa Sen Group 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 ₫705,050 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 ₫705,050 Mil mean?
Hoa Sen Group (STC:HSG) has a Operating Income of ₫705,050 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Hoa Sen Group and its competitors.
Is Hoa Sen Group's Operating Income too high?
Hoa Sen Group's current Operating Income is ₫705,050 Mil. 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 Operating Income compare to NUE and STLD?
Hoa Sen Group's Operating Income of ₫705,050 Mil can be compared against companies in the Steel 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 Steel company?
A good Operating Income depends on the Steel 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 Hoa Sen Group and its competitors. Hoa Sen Group's current Operating Income is ₫705,050 Mil. 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 ₫13,729.19, compared to a current price of ₫11,350.00 — trading 17.3% below its estimated fair value. The current Operating Income is ₫705,050 Mil. 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 Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Hoa Sen Group (STC:HSG), the current Operating Income is ₫705,050 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 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 ₫11,350.00 is trading 17.3% below its estimated GF Value™ of ₫13,729.19. GuruFocus considers Hoa Sen Group to be Modestly Undervalued.

Key valuation signals for STC:HSG:

  • Operating Income: ₫705,050 Mil
  • GF Value™: ₫13,729.19 vs. price of ₫11,350.00 (17.3% below fair value)
  • GF Score™: 82/100 with 7 warning signs

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

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

₫11,350.00
Price
₫13,729.19
GF Value