Vinh Son - Song Hinh Hydropower JSC (STC:VSH) Return-on-Tangible-Equity: 21.92% (As of Mar. 2026) — 116% Above Median


STC:VSH Vinh Son - Song Hinh Hydropower JSC STC:VSH
91 GF Score
Price ₫42,350.00
GF Value ₫47,454.06
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Vinh Son - Song Hinh Hydropower JSC Return-on-Tangible-Equity?

Vinh Son - Song Hinh Hydropower JSC STC:VSH -0.12% 91 Return-on-Tangible-Equity is 21.92% as of Mar. 2026, which is 116% above its 10-year median of 10.14. GuruFocus rates STC:VSH with a GF Score™ of 91/100 and a GF Value™ of ₫47,454.06 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 496 Utilities - Regulated companies, Vinh Son - Song Hinh Hydropower JSC ranks better than 70.97% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Vinh Son - Song Hinh Hydropower JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫1,074,755 Mil. Vinh Son - Song Hinh Hydropower JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫4,904,173 Mil. Therefore, Vinh Son - Song Hinh Hydropower JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.92%.

The historical rank and industry rank for Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity or its related term are showing as below:

STC:VSH' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.18   Med: 10.14   Max: 27.99
Current: 17.53

During the past 13 years, Vinh Son - Song Hinh Hydropower JSC's highest Return-on-Tangible-Equity was 27.99%. The lowest was 5.18%. And the median was 10.14%.

STC:VSH's Return-on-Tangible-Equity is ranked better than
70.97% of 496 companies
in the Utilities - Regulated industry
Industry Median: 10.91 vs STC:VSH: 17.53

Vinh Son - Song Hinh Hydropower JSC  (STC:VSH) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Vinh Son - Song Hinh Hydropower JSC Return-on-Tangible-Equity Related Terms


Vinh Son - Song Hinh Hydropower JSC Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart

Vinh Son - Song Hinh Hydropower JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.55 27.99 20.66 9.66 17.91

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
Return-on-Tangible-Equity 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 22.60 13.54 16.96 17.45 21.92

STC:VSH vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison

For the Utilities - Regulated Electric subindustry, Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity falls into.


STC:VSH
91GF Score
Vinh Son - Song Hinh Hydropower JSC STC:VSH
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vinh Son - Song Hinh Hydropower JSC Return-on-Tangible-Equity Calculation

Vinh Son - Song Hinh Hydropower JSC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=862609.956/( (4683300.432+4949775.273 )/ 2 )
=862609.956/4816537.8525
=17.91 %

Vinh Son - Song Hinh Hydropower JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1074755.344/( (4949775.273+4858570.24)/ 2 )
=1074755.344/4904172.7565
=21.92 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 21.92% mean?
Vinh Son - Song Hinh Hydropower JSC (STC:VSH) has a Return-on-Tangible-Equity of 21.92% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vinh Son - Song Hinh Hydropower JSC and its competitors. This is 116% above median its historical median of 10.14. Over the past decade, Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity has ranged from 5.18 to 27.99. According to the industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #144 out of 496 companies in the Utilities - Regulated industry, placing it in the top 29%.
Is Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity too high?
Vinh Son - Song Hinh Hydropower JSC's current Return-on-Tangible-Equity of 21.92% is 116% above median its 10-year median of 10.14. Over the past 10 years, this metric has ranged from a low of 5.18 to a high of 27.99. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. Vinh Son - Song Hinh Hydropower JSC's value of 21.92% is 100.9% above this industry median. Based on the distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #144 out of 496 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Vinh Son - Song Hinh Hydropower JSC has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vinh Son - Song Hinh Hydropower JSC's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #144 out of 496 companies for Return-on-Tangible-Equity. This puts Vinh Son - Song Hinh Hydropower JSC in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.91. Vinh Son - Song Hinh Hydropower JSC's value of 21.92% is 100.9% above this benchmark. Historically, Vinh Son - Song Hinh Hydropower JSC's own Return-on-Tangible-Equity has ranged from 5.18 to 27.99 over the past decade. While the company's 10-year median is 10.14 vs. the industry median of 10.91, 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 Return-on-Tangible-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.91, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity of 21.92% is 100.9% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vinh Son - Song Hinh Hydropower JSC and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — 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 Return-on-Tangible-Equity is 21.92%, which is 116% above median its own 10-year median of 10.14. 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 ₫47,454.06, compared to a current price of ₫42,350.00 — trading 10.8% below its estimated fair value. The current Return-on-Tangible-Equity is 21.92%, which is 116% above median its 10-year median of 10.14 and 100.9% above the Utilities - Regulated industry median of 10.91. Vinh Son - Song Hinh Hydropower JSC's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Vinh Son - Song Hinh Hydropower JSC (STC:VSH), the current Return-on-Tangible-Equity is 21.92% 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 ₫42,350.00 is trading 10.8% below its estimated GF Value™ of ₫47,454.06. GuruFocus considers Vinh Son - Song Hinh Hydropower JSC to be Modestly Undervalued.

Key valuation signals for STC:VSH:

  • Return-on-Tangible-Equity: 21.92% (116% above median its 10-year median of 10.14)
  • GF Value™: ₫47,454.06 vs. price of ₫42,350.00 (10.8% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 100.9% above the Utilities - Regulated median (#144 of 496)

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.
91GF Score

Get the complete analysis for STC:VSH

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

₫42,350.00
Price
₫47,454.06
GF Value