Vinh Son - Song Hinh Hydropower JSC (STC:VSH) Pretax Margin %: 48.48% (As of Mar. 2026) — Near Median


STC:VSH Vinh Son - Song Hinh Hydropower JSC STC:VSH
89 GF Score
Price ₫42,500.00
GF Value ₫47,263.33
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Vinh Son - Song Hinh Hydropower JSC Pretax Margin %?

Vinh Son - Song Hinh Hydropower JSC STC:VSH -0.23% 89 Pretax Margin % is 48.48% as of Mar. 2026, which is 9% above its 10-year median of 44.61. GuruFocus rates STC:VSH with a GF Score™ of 89/100 and a GF Value™ of ₫47,263.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 503 Utilities - Regulated companies, Vinh Son - Song Hinh Hydropower JSC ranks better than 93.64% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Vinh Son - Song Hinh Hydropower JSC's Pre-Tax Income for the three months ended in Mar. 2026 was ₫299,729 Mil. Vinh Son - Song Hinh Hydropower JSC's Revenue for the three months ended in Mar. 2026 was ₫618,279 Mil. Therefore, Vinh Son - Song Hinh Hydropower JSC's pretax margin for the quarter that ended in Mar. 2026 was 48.48%.

The historical rank and industry rank for Vinh Son - Song Hinh Hydropower JSC's Pretax Margin % or its related term are showing as below:

STC:VSH' s Pretax Margin % Range Over the Past 10 Years
Min: 27.99   Med: 44.61   Max: 69.2
Current: 41.7


STC:VSH's Pretax Margin % is ranked better than
93.64% of 503 companies
in the Utilities - Regulated industry
Industry Median: 12.07 vs STC:VSH: 41.70

Vinh Son - Song Hinh Hydropower JSC  (STC:VSH) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Vinh Son - Song Hinh Hydropower JSC Pretax Margin % Related Terms


Vinh Son - Song Hinh Hydropower JSC Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Vinh Son - Song Hinh Hydropower JSC's Pretax Margin % 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.

Vinh Son - Song Hinh Hydropower JSC Pretax Margin % Chart

Vinh Son - Song Hinh Hydropower JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.99 44.73 42.47 28.60 41.55

Vinh Son - Song Hinh Hydropower JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % 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 47.89 37.64 41.69 38.23 48.48

STC:VSH vs NEE, SO, DUK: Pretax Margin % Comparison

For the Utilities - Regulated Electric subindustry, Vinh Son - Song Hinh Hydropower JSC's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vinh Son - Song Hinh Hydropower JSC Pretax Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Vinh Son - Song Hinh Hydropower JSC's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Vinh Son - Song Hinh Hydropower JSC's Pretax Margin % falls into.


STC:VSH
89GF Score
Vinh Son - Song Hinh Hydropower JSC STC:VSH
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vinh Son - Song Hinh Hydropower JSC Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Vinh Son - Song Hinh Hydropower JSC's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=957433.076/2304086.752
=41.55 %

Vinh Son - Song Hinh Hydropower JSC's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=299728.797/618279.261
=48.48 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 48.48% mean?
Vinh Son - Song Hinh Hydropower JSC (STC:VSH) has a Pretax Margin % of 48.48% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Vinh Son - Song Hinh Hydropower JSC and its competitors. This is near median its historical median of 44.61. Over the past decade, Vinh Son - Song Hinh Hydropower JSC's Pretax Margin % has ranged from 27.99 to 69.20. According to the industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #32 out of 503 companies in the Utilities - Regulated industry, placing it in the top 6.4%.
Is Vinh Son - Song Hinh Hydropower JSC's Pretax Margin % too high?
Vinh Son - Song Hinh Hydropower JSC's current Pretax Margin % of 48.48% is near median its 10-year median of 44.61. Over the past 10 years, this metric has ranged from a low of 27.99 to a high of 69.20. The Utilities - Regulated industry median Pretax Margin % is 12.07. Vinh Son - Song Hinh Hydropower JSC's value of 48.48% is 301.7% above this industry median. Based on the distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #32 out of 503 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Vinh Son - Song Hinh Hydropower JSC has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vinh Son - Song Hinh Hydropower JSC's Pretax Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #32 out of 503 companies for Pretax Margin %. This places Vinh Son - Song Hinh Hydropower JSC in the top 6% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 12.07. Vinh Son - Song Hinh Hydropower JSC's value of 48.48% is 301.7% above this benchmark. Historically, Vinh Son - Song Hinh Hydropower JSC's own Pretax Margin % has ranged from 27.99 to 69.20 over the past decade. While the company's 10-year median is 44.61 vs. the industry median of 12.07, Vinh Son - Song Hinh Hydropower JSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Utilities - Regulated company?
The median Pretax Margin % among Utilities - Regulated companies is 12.07, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vinh Son - Song Hinh Hydropower JSC's current Pretax Margin % of 48.48% is 301.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Vinh Son - Song Hinh Hydropower JSC and its competitors. For the Utilities - Regulated industry, the median Pretax Margin % is 12.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinh Son - Song Hinh Hydropower JSC's current Pretax Margin % is 48.48%, which is near median its own 10-year median of 44.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinh Son - Song Hinh Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinh Son - Song Hinh Hydropower JSC (STC:VSH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫47,263.33, compared to a current price of ₫42,500.00 — trading 10.1% below its estimated fair value. The current Pretax Margin % is 48.48%, which is near median its 10-year median of 44.61 and 301.7% above the Utilities - Regulated industry median of 12.07. Vinh Son - Song Hinh Hydropower JSC's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Vinh Son - Song Hinh Hydropower JSC (STC:VSH), the current Pretax Margin % is 48.48% 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 Vinh Son - Song Hinh Hydropower JSC (STC:VSH) Overvalued in 2026?

Based on GuruFocus' analysis, Vinh Son - Song Hinh Hydropower JSC stock appears to be undervalued. The current stock price of ₫42,500.00 is trading 10.1% below its estimated GF Value™ of ₫47,263.33. GuruFocus considers Vinh Son - Song Hinh Hydropower JSC to be Modestly Undervalued.

Key valuation signals for STC:VSH:

  • Pretax Margin %: 48.48% (near median its 10-year median of 44.61)
  • GF Value™: ₫47,263.33 vs. price of ₫42,500.00 (10.1% below fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 301.7% above the Utilities - Regulated median (#32 of 503)

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


Vinh Son - Song Hinh Hydropower JSC Business Description

Address 16-17-18 Floor, Building 11, Cua Bac EVN, Ba Dinh, Ha noi, VNM
Vinh Son - Song Hinh Hydropower JSC engages in the production and sale of electricity in Vietnam. The company is also involved in the service management, operation, and maintenance of hydropower plants; management consultancy and construction supervision of hydropower plant projects; and provision of design consulting services for irrigation, transportation, and hydroelectric works. In addition, it offers consulting and supervising services for the construction of hydraulic and traffic works; performs electricity experiments; trades in materials and equipment used in the hydroelectricity industry; invests in power projects construction activities, and operates in real estate business.
89GF Score

Get the complete analysis for STC:VSH

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

₫42,500.00
Price
₫47,263.33
GF Value