Sunshine Homes Development JSC (HSTC:SSH) ROE %: 19.47% (As of Mar. 2026) — 68% Above Median


HSTC:SSH Sunshine Homes Development JSC HSTC:SSH
51 GF Score
Price ₫61,700.00
GF Value ₫28,785.53
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Sunshine Homes Development JSC ROE %?

Sunshine Homes Development JSC HSTC:SSH 51 ROE % is 19.47% as of Mar. 2026, which is 68% above its 10-year median of 11.60. GuruFocus rates HSTC:SSH with a GF Score™ of 51/100 and a GF Value™ of ₫28,785.53 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,735 Real Estate companies, Sunshine Homes Development JSC ranks worse than 77.18% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sunshine Homes Development JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫1,104,413 Mil. Sunshine Homes Development JSC's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₫5,672,984 Mil. Therefore, Sunshine Homes Development JSC's annualized ROE % for the quarter that ended in Mar. 2026 was 19.47%.

The historical rank and industry rank for Sunshine Homes Development JSC's ROE % or its related term are showing as below:

HSTC:SSH' s ROE % Range Over the Past 10 Years
Min: -6.96   Med: 11.6   Max: 24.89
Current: -2.68

During the past 5 years, Sunshine Homes Development JSC's highest ROE % was 24.89%. The lowest was -6.96%. And the median was 11.60%.

HSTC:SSH's ROE % is ranked worse than
77.18% of 1735 companies
in the Real Estate industry
Industry Median: 3.96 vs HSTC:SSH: -2.68

Sunshine Homes Development JSC  (HSTC:SSH) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1104413.236/5672984.4475
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1104413.236 / 2250631.216)*(2250631.216 / 11828383.6335)*(11828383.6335 / 5672984.4475)
=Net Margin %*Asset Turnover*Equity Multiplier
=49.07 %*0.1903*2.085
=ROA %*Equity Multiplier
=9.34 %*2.085
=19.47 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1104413.236/5672984.4475
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1104413.236 / 1444519.688) * (1444519.688 / 1344679.836) * (1344679.836 / 2250631.216) * (2250631.216 / 11828383.6335) * (11828383.6335 / 5672984.4475)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7646 * 1.0742 * 59.75 % * 0.1903 * 2.085
=19.47 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Sunshine Homes Development JSC ROE % Related Terms


Sunshine Homes Development JSC ROE % Historical Data

* Premium members only.

The historical data trend for Sunshine Homes Development JSC's ROE % 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.

Sunshine Homes Development JSC ROE % Chart

Sunshine Homes Development JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
11.60 9.35 24.89 14.38 -6.96

Sunshine Homes Development JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 0.49 -17.22 -3.82 -8.94 19.47

Sunshine Homes Development JSC ROE % Competitor Comparison

For the Real Estate - Development subindustry, Sunshine Homes Development JSC's ROE %, along with its competitors' market caps and ROE % 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.


Sunshine Homes Development JSC ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine Homes Development JSC's ROE % distribution charts can be found below:

* The bar in red indicates where Sunshine Homes Development JSC's ROE % falls into.


HSTC:SSH
51GF Score
Sunshine Homes Development JSC HSTC:SSH
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunshine Homes Development JSC ROE % Calculation

Sunshine Homes Development JSC's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-399285.95/( (5934218.744+5534932.793)/ 2 )
=-399285.95/5734575.7685
=-6.96 %

Sunshine Homes Development JSC's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1104413.236/( (5534932.793+5811036.102)/ 2 )
=1104413.236/5672984.4475
=19.47 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 19.47% mean?
Sunshine Homes Development JSC (HSTC:SSH) has a ROE % of 19.47% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Sunshine Homes Development JSC and its competitors. This is 68% above median its historical median of 11.60. According to the industry distribution chart, Sunshine Homes Development JSC ranks #1339 out of 1735 companies in the Real Estate industry, placing it in the top 77.2%.
Is Sunshine Homes Development JSC's ROE % too high?
Sunshine Homes Development JSC's current ROE % of 19.47% is 68% above median its 10-year median of 11.60. The Real Estate industry median ROE % is 3.96. Sunshine Homes Development JSC's value of 19.47% is 391.7% above this industry median. Based on the distribution chart, Sunshine Homes Development JSC ranks #1339 out of 1735 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sunshine Homes Development JSC has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunshine Homes Development JSC's ROE % compare to competitors?
According to the Real Estate industry distribution chart, Sunshine Homes Development JSC ranks #1339 out of 1735 companies for ROE %. This places Sunshine Homes Development JSC in the lower half of its industry. The industry median ROE % is 3.96. Sunshine Homes Development JSC's value of 19.47% is 391.7% above this benchmark. While the company's 10-year median is 11.60 vs. the industry median of 3.96, Sunshine Homes Development 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 ROE % for a Real Estate company?
The median ROE % among Real Estate companies is 3.96, based on 1,735 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunshine Homes Development JSC's current ROE % of 19.47% is 391.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Sunshine Homes Development JSC and its competitors. For the Real Estate industry, the median ROE % is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunshine Homes Development JSC's current ROE % is 19.47%, which is 68% above median its own 10-year median of 11.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Homes Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Homes Development JSC (HSTC:SSH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫28,785.53, compared to a current price of ₫61,700.00 — trading 114.3% above its estimated fair value. The current ROE % is 19.47%, which is 68% above median its 10-year median of 11.60 and 391.7% above the Real Estate industry median of 3.96. Sunshine Homes Development JSC's overall GF Score™ is 51/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Sunshine Homes Development JSC (HSTC:SSH), the current ROE % is 19.47% 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 Sunshine Homes Development JSC (HSTC:SSH) Overvalued in 2026?

Based on GuruFocus' analysis, Sunshine Homes Development JSC stock appears to be overvalued. The current stock price of ₫61,700.00 is trading 114.3% above its estimated GF Value™ of ₫28,785.53. GuruFocus considers Sunshine Homes Development JSC to be Significantly Overvalued.

Key valuation signals for HSTC:SSH:

  • ROE %: 19.47% (68% above median its 10-year median of 11.60)
  • GF Value™: ₫28,785.53 vs. price of ₫61,700.00 (114.3% above fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 391.7% above the Real Estate median (#1339 of 1735)

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


Sunshine Homes Development JSC Business Description

Address 9th Floor, Sunshine Center building, 16 Pham Hung Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi City, VNM
Sunshine Homes Development JSC is engaged in the development and trading of real estate projects, motor vehicle rental, and management consultancy activities. The Company also conducts real estate business, including land use rights owned, used or leased, finishing of construction works, construction of residential and non-residential buildings, and real estate consultancy, brokerage, and management services. Its projects include Sunshine Marina Mui Ne - Hilltop Hotels & Resorts in Mui Ne Ward, Lam Dong Province; Sunshine Golf & Resort Lang Co in Lang Co, Hue; Noble Palace Tay Thang Long in O Dien, Hanoi City; Noble Palace Garden in Dan Phuong, Hanoi City; Noble Crystal Tay Ho WorldHotels Residence in Phu Thuong Ward, Hanoi City; and Noble Palace Tay Ho in Phu Thuong Ward, Hanoi City.
51GF Score

Get the complete analysis for HSTC:SSH

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

₫61,700.00
Price
₫28,785.53
GF Value