Viet Nam Forestry Joint Stock Co (HSTC:VIF) Return-on-Tangible-Asset: 11.52% (As of Mar. 2026) — 93% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HSTC:VIF Viet Nam Forestry Corp Joint Stock Co HSTC:VIF
70 GF Score
Price ₫15,800.00
GF Value ₫19,577.19
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Viet Nam Forestry Joint Stock Co Return-on-Tangible-Asset?

Viet Nam Forestry Joint Stock Co HSTC:VIF -1.25% 70 Return-on-Tangible-Asset is 11.52% as of Mar. 2026, which is 93% above its 10-year median of 5.97. GuruFocus rates HSTC:VIF with a GF Score™ of 70/100 and a GF Value™ of ₫19,577.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 288 Forest Products companies, Viet Nam Forestry Joint Stock Co ranks better than 92.36% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Viet Nam Forestry Joint Stock Co's annualized Net Income for the quarter that ended in Mar. 2026 was ₫643,033 Mil. Viet Nam Forestry Joint Stock Co's average total tangible assets for the quarter that ended in Mar. 2026 was ₫5,580,650 Mil. Therefore, Viet Nam Forestry Joint Stock Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.52%.

The historical rank and industry rank for Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset or its related term are showing as below:

HSTC:VIF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.08   Med: 5.97   Max: 9.3
Current: 8.64

During the past 7 years, Viet Nam Forestry Joint Stock Co's highest Return-on-Tangible-Asset was 9.30%. The lowest was 5.08%. And the median was 5.97%.

HSTC:VIF's Return-on-Tangible-Asset is ranked better than
92.36% of 288 companies
in the Forest Products industry
Industry Median: 0.985 vs HSTC:VIF: 8.64

Viet Nam Forestry Joint Stock Co  (HSTC:VIF) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Viet Nam Forestry Joint Stock Co Return-on-Tangible-Asset Related Terms


Viet Nam Forestry Joint Stock Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset 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.

Viet Nam Forestry Joint Stock Co Return-on-Tangible-Asset Chart

Viet Nam Forestry Joint Stock Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 5.08 8.63 5.28 6.60 5.97

Viet Nam Forestry Joint Stock Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset 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 0.31 6.45 7.48 9.06 11.52

HSTC:VIF vs SSD, UFPI, BCC: Return-on-Tangible-Asset Comparison

For the Lumber & Wood Production subindustry, Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Viet Nam Forestry Joint Stock Co Return-on-Tangible-Asset vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset falls into.


HSTC:VIF
70GF Score
Viet Nam Forestry Corp Joint Stock Co HSTC:VIF
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viet Nam Forestry Joint Stock Co Return-on-Tangible-Asset Calculation

Viet Nam Forestry Joint Stock Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=326389.984/( (5399800.623+5539989.871)/ 2 )
=326389.984/5469895.247
=5.97 %

Viet Nam Forestry Joint Stock Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=643033.248/( (5539989.871+5621310.755)/ 2 )
=643033.248/5580650.313
=11.52 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 11.52% mean?
Viet Nam Forestry Joint Stock Co (HSTC:VIF) has a Return-on-Tangible-Asset of 11.52% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Viet Nam Forestry Joint Stock Co and its competitors. This is 93% above median its historical median of 5.97. Over the past decade, Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset has ranged from 5.08 to 9.30. According to the industry distribution chart, Viet Nam Forestry Joint Stock Co ranks #22 out of 288 companies in the Forest Products industry, placing it in the top 7.6%.
Is Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset too high?
Viet Nam Forestry Joint Stock Co's current Return-on-Tangible-Asset of 11.52% is 93% above median its 10-year median of 5.97. Over the past 10 years, this metric has ranged from a low of 5.08 to a high of 9.30. The Forest Products industry median Return-on-Tangible-Asset is 0.99. Viet Nam Forestry Joint Stock Co's value of 11.52% is 1069.5% above this industry median. Based on the distribution chart, Viet Nam Forestry Joint Stock Co ranks #22 out of 288 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Viet Nam Forestry Joint Stock Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Forestry Joint Stock Co's Return-on-Tangible-Asset compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Viet Nam Forestry Joint Stock Co ranks #22 out of 288 companies for Return-on-Tangible-Asset. This places Viet Nam Forestry Joint Stock Co in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.99. Viet Nam Forestry Joint Stock Co's value of 11.52% is 1069.5% above this benchmark. Historically, Viet Nam Forestry Joint Stock Co's own Return-on-Tangible-Asset has ranged from 5.08 to 9.30 over the past decade. While the company's 10-year median is 5.97 vs. the industry median of 0.99, Viet Nam Forestry Joint Stock Co 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 Return-on-Tangible-Asset for a Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.99, based on 288 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viet Nam Forestry Joint Stock Co's current Return-on-Tangible-Asset of 11.52% is 1069.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Viet Nam Forestry Joint Stock Co and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Forestry Joint Stock Co's current Return-on-Tangible-Asset is 11.52%, which is 93% above median its own 10-year median of 5.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Forestry Joint Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Forestry Joint Stock Co (HSTC:VIF) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫19,577.19, compared to a current price of ₫15,800.00 — trading 19.3% below its estimated fair value. The current Return-on-Tangible-Asset is 11.52%, which is 93% above median its 10-year median of 5.97 and 1069.5% above the Forest Products industry median of 0.99. Viet Nam Forestry Joint Stock Co's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Viet Nam Forestry Joint Stock Co (HSTC:VIF), the current Return-on-Tangible-Asset is 11.52% 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 Viet Nam Forestry Joint Stock Co (HSTC:VIF) Overvalued in 2026?

Based on GuruFocus' analysis, Viet Nam Forestry Joint Stock Co stock appears to be undervalued. The current stock price of ₫15,800.00 is trading 19.3% below its estimated GF Value™ of ₫19,577.19. GuruFocus considers Viet Nam Forestry Joint Stock Co to be Modestly Undervalued.

Key valuation signals for HSTC:VIF:

  • Return-on-Tangible-Asset: 11.52% (93% above median its 10-year median of 5.97)
  • GF Value™: ₫19,577.19 vs. price of ₫15,800.00 (19.3% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 1069.5% above the Forest Products median (#22 of 288)

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


Viet Nam Forestry Joint Stock Co Business Description

Address No 127 Lo Duc Street, Hai Ba Trung Ward, Ha Noi, VNM
Viet Nam Forestry Corp Joint Stock Co principal activities are Cultivation, seeding, planting for wood; Logging; Exploiting other forest products from wood; Collecting products from forest other than wood and other forest products; Providing forestry services; Sawing, shaving and preserving wood; Producing plywood, veneer and other kinds of thin fiberboard; Producing wooden products for construction; Producing wooden package; Producing other wooden products, producing handicrafts from bamboo, straw and plaiting material; Making beds, wardrobes, tables, chairs; and Other activities. The business segment is derived mainly from sales of wood products (from afforestation, commercial activities, and processing) and from property rental. It has only one geographic segment in Vietnam.
70GF Score

Get the complete analysis for HSTC:VIF

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫15,800.00
Price
₫19,577.19
GF Value