The Southern Fertilizer JSC (STC:SFG) Operating Income: ₫68,370 Mil (TTM As of Mar. 2026)


STC:SFG The Southern Fertilizer JSC STC:SFG
76 GF Score
Price ₫10,700.00
GF Value ₫16,396.17
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is The Southern Fertilizer JSC Operating Income?

The Southern Fertilizer JSC STC:SFG 76 Operating Income is ₫68,370 Mil as of Mar. 2026. GuruFocus rates STC:SFG with a GF Score™ of 76/100 and a GF Value™ of ₫16,396.17 (Significantly Undervalued). The stock has 7 warning signs investors should review.

The Southern Fertilizer JSC's Operating Income for the three months ended in Mar. 2026 was ₫19,351 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₫68,370 Mil.

Warning Sign:

The Southern Fertilizer JSC 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. The Southern Fertilizer JSC's Operating Income for the three months ended in Mar. 2026 was ₫19,351 Mil. The Southern Fertilizer JSC's Revenue for the three months ended in Mar. 2026 was ₫1,018,911 Mil. Therefore, The Southern Fertilizer JSC's Operating Margin % for the quarter that ended in Mar. 2026 was 1.90%.

The Southern Fertilizer JSC's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Southern Fertilizer JSC's annualized ROC % for the quarter that ended in Mar. 2026 was 4.38%. The Southern Fertilizer JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.01%.


The Southern Fertilizer JSC  (STC:SFG) Operating Income Explanation

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

The Southern Fertilizer JSC'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 )
=77404.22 * ( 1 - 20.06% )/( (1418121.673 + 1404841.285)/ 2 )
=61876.933468/1411481.479
=4.38 %

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))
=1775404.888 - 88610.702 - ( 268672.513 - max(0, 1116165.149 - 1545883.811+268672.513))
=1418121.673

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))
=1978347.129 - 123128.776 - ( 598147.541 - max(0, 1309458.881 - 1759835.949+598147.541))
=1404841.285

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

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

The Southern Fertilizer JSC'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 )
=111668.592/( ( (62274.483 + max(1136622.192, 0)) + (71901.925 + max(961015.61, 0)) )/ 2 )
=111668.592/( ( 1198896.675 + 1032917.535 )/ 2 )
=111668.592/1115907.105
=10.01 %

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)
=(146713.843 + 1035536.459 + 91619.059) - (88610.702 + 0 + 48636.467)
=1136622.192

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(234802.092 + 700682.917 + 233005.776) - (123128.776 + 0 + 84346.399)
=961015.61

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 %:

The Southern Fertilizer JSC'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 )
=19351.055/1018910.819
=1.90 %

* 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.


The Southern Fertilizer JSC Operating Income Related Terms


The Southern Fertilizer JSC Operating Income Historical Data

* Premium members only.

The historical data trend for The Southern Fertilizer JSC'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.

The Southern Fertilizer JSC Operating Income Chart

The Southern Fertilizer JSC 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 51,653.63 58,749.67 -915.27 33,704.64 60,268.97

The Southern Fertilizer JSC 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 10,901.55 19,409.92 22,879.88 6,729.54 19,351.06
STC:SFG
76GF Score
The Southern Fertilizer JSC STC:SFG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Southern Fertilizer JSC 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 ₫68,370 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 ₫68,370 Mil mean?
The Southern Fertilizer JSC (STC:SFG) has a Operating Income of ₫68,370 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The Southern Fertilizer JSC and its competitors.
Is The Southern Fertilizer JSC's Operating Income too high?
The Southern Fertilizer JSC's current Operating Income is ₫68,370 Mil. Overall, The Southern Fertilizer JSC has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Southern Fertilizer JSC's Operating Income compare to CTVA and CF?
The Southern Fertilizer JSC's Operating Income of ₫68,370 Mil can be compared against companies in the Agriculture 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 an Agriculture company?
A good Operating Income depends on the Agriculture 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 The Southern Fertilizer JSC and its competitors. The Southern Fertilizer JSC's current Operating Income is ₫68,370 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Southern Fertilizer JSC stock overvalued right now?
Based on GuruFocus' analysis, The Southern Fertilizer JSC (STC:SFG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫16,396.17, compared to a current price of ₫10,700.00 — trading 34.7% below its estimated fair value. The current Operating Income is ₫68,370 Mil. The Southern Fertilizer JSC's overall GF Score™ is 76/100 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 The Southern Fertilizer JSC (STC:SFG), the current Operating Income is ₫68,370 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 The Southern Fertilizer JSC (STC:SFG) Overvalued in 2026?

Based on GuruFocus' analysis, The Southern Fertilizer JSC stock appears to be undervalued. The current stock price of ₫10,700.00 is trading 34.7% below its estimated GF Value™ of ₫16,396.17. GuruFocus considers The Southern Fertilizer JSC to be Significantly Undervalued.

Key valuation signals for STC:SFG:

  • Operating Income: ₫68,370 Mil
  • GF Value™: ₫16,396.17 vs. price of ₫10,700.00 (34.7% below fair value)
  • GF Score™: 76/100 with 7 warning signs

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


The Southern Fertilizer JSC Business Description

Address 125B Cach Mang Thang Tam Street, District 3, Ho Chi Minh City, VNM
The Southern Fertilizer JSC is engaged in the production and sale of fertilizers. The company's products include NPK fertilizers, Organic fertilizers, Water leaves fertilizers, Foliar fertilizer powder, superphosphate, and others.
76GF Score

Get the complete analysis for STC:SFG

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

₫10,700.00
Price
₫16,396.17
GF Value