Tien Phong Securities (STC:ORS) Operating Income: ₫839,582 Mil (TTM As of Jun. 2026)

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STC:ORS Tien Phong Securities Corp STC:ORS
68 GF Score
Price ₫13,450.00
GF Value ₫5,060.82
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tien Phong Securities Operating Income?

Tien Phong Securities STC:ORS +0.37% 68 Operating Income is ₫839,582 Mil as of Jun. 2026. GuruFocus rates STC:ORS with a GF Score™ of 68/100 and a GF Value™ of ₫5,060.82 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Tien Phong Securities's Operating Income for the three months ended in Jun. 2026 was ₫234,480 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₫839,582 Mil.

Warning Sign:

Tien Phong Securities Corp 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. Tien Phong Securities's Operating Income for the three months ended in Jun. 2026 was ₫234,480 Mil. Tien Phong Securities's Revenue for the three months ended in Jun. 2026 was ₫195,778 Mil. Therefore, Tien Phong Securities's Operating Margin % for the quarter that ended in Jun. 2026 was 119.77%.

Good Sign:

Tien Phong Securities Corp operating margin is expanding. Margin expansion is usually a good sign.

Tien Phong Securities's 5-Year average Growth Rate for Operating Margin % was 36.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tien Phong Securities's annualized ROC % for the quarter that ended in Jun. 2026 was 12.08%. Tien Phong Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 25.61%.


Tien Phong Securities  (STC:ORS) Operating Income Explanation

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

Tien Phong Securities's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=937919.132 * ( 1 - 20.02% )/( (6968064.33 + 5449394.205)/ 2 )
=750147.7217736/6208729.2675
=12.08 %

where

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))
=14617038.73 - 629644.033 - ( 7019330.367 - max(0, 2945245.114 - 14562826.896+7019330.367))
=6968064.33

Invested Capital(Q: Jun. 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))
=15269277.205 - 1777401.955 - ( 8042481.045 - max(0, 4463571.029 - 15213070.017+8042481.045))
=5449394.205

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

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

Tien Phong Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1120838.36/( ( (7982.18 + max(5224639.047, 0)) + (5864.041 + max(3515577.676, 0)) )/ 2 )
=1120838.36/( ( 5232621.227 + 3521441.717 )/ 2 )
=1120838.36/4377031.472
=25.61 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4571536.212 + 0 + 1301231.401) - (629644.033 + 0 + 18484.533)
=5224639.047

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5205505.23 + 0 + 106748.927) - (1777401.955 + 0 + 19274.526)
=3515577.676

When net working capital is negative, 0 is used.

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

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

Tien Phong Securities's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=234479.783/195777.848
=119.77 %

* 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.


Tien Phong Securities Operating Income Related Terms


Tien Phong Securities Operating Income Historical Data

* Premium members only.

The historical data trend for Tien Phong Securities'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.

Tien Phong Securities Operating Income Chart

Tien Phong Securities Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 363,980.81 337,984.42 543,555.49 774,929.12 532,473.02

Tien Phong Securities Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2,050.29 257,541.97 220,676.30 126,884.32 234,479.78
STC:ORS
68GF Score
Tien Phong Securities Corp STC:ORS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tien Phong Securities 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫839,582 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 ₫839,582 Mil mean?
Tien Phong Securities (STC:ORS) has a Operating Income of ₫839,582 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tien Phong Securities and its competitors.
Is Tien Phong Securities' Operating Income too high?
Tien Phong Securities' current Operating Income is ₫839,582 Mil. Overall, Tien Phong Securities has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tien Phong Securities' Operating Income compare to MS and GS?
Tien Phong Securities' Operating Income of ₫839,582 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 Tien Phong Securities and its competitors. Tien Phong Securities's current Operating Income is ₫839,582 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tien Phong Securities stock overvalued right now?
Based on GuruFocus' analysis, Tien Phong Securities (STC:ORS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫5,060.82, compared to a current price of ₫13,450.00 — trading 165.8% above its estimated fair value. The current Operating Income is ₫839,582 Mil. Tien Phong Securities' overall GF Score™ is 68/100 with 6 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 Tien Phong Securities (STC:ORS), the current Operating Income is ₫839,582 Mil as of Jun. 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 Tien Phong Securities (STC:ORS) Overvalued in 2026?

Based on GuruFocus' analysis, Tien Phong Securities stock appears to be overvalued. The current stock price of ₫13,450.00 is trading 165.8% above its estimated GF Value™ of ₫5,060.82. GuruFocus considers Tien Phong Securities to be Significantly Overvalued.

Key valuation signals for STC:ORS:

  • Operating Income: ₫839,582 Mil
  • GF Value™: ₫5,060.82 vs. price of ₫13,450.00 (165.8% above fair value)
  • GF Score™: 68/100 with 6 warning signs

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


Tien Phong Securities Business Description

Address No. 81-83-85 Ham Nghi, 7th Floor, Doji Building, Nguyen Thai Binh Ward, District 1, Ho Chi Minh, VNM
Tien Phong Securities Corp is a Vietnam-based provider of investment services. It is engaged in the provision of financial advisory services, brokerage services, securities custodian services, securities trading, and underwriting for securities for individual and institutional clients. The Company is also involved in securities dealing.
68GF Score

Get the complete analysis for STC:ORS

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

₫13,450.00
Price
₫5,060.82
GF Value