Vinh Son - Song Hinh Hydropower JSC (STC:VSH) ROE %: 21.92% (As of Mar. 2026) — 116% Above 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 ROE %?

Vinh Son - Song Hinh Hydropower JSC STC:VSH -0.23% 89 ROE % 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 89/100 and a GF Value™ of ₫47,263.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 505 Utilities - Regulated companies, Vinh Son - Song Hinh Hydropower JSC ranks better than 83.76% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. 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 Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₫4,904,173 Mil. Therefore, Vinh Son - Song Hinh Hydropower JSC's annualized ROE % 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 ROE % or its related term are showing as below:

STC:VSH' s ROE % 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 ROE % was 27.99%. The lowest was 5.18%. And the median was 10.14%.

STC:VSH's ROE % is ranked better than
83.76% of 505 companies
in the Utilities - Regulated industry
Industry Median: 8.62 vs STC:VSH: 17.53

Vinh Son - Song Hinh Hydropower JSC  (STC:VSH) 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
=1074755.344/4904172.7565
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1074755.344 / 2473117.044)*(2473117.044 / 8227180.1715)*(8227180.1715 / 4904172.7565)
=Net Margin %*Asset Turnover*Equity Multiplier
=43.46 %*0.3006*1.6776
=ROA %*Equity Multiplier
=13.06 %*1.6776
=21.92 %

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
=1074755.344/4904172.7565
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1074755.344 / 1198915.188) * (1198915.188 / 1362343.428) * (1362343.428 / 2473117.044) * (2473117.044 / 8227180.1715) * (8227180.1715 / 4904172.7565)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8964 * 0.88 * 55.09 % * 0.3006 * 1.6776
=21.92 %

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.


Vinh Son - Song Hinh Hydropower JSC ROE % Related Terms


Vinh Son - Song Hinh Hydropower JSC ROE % Historical Data

* Premium members only.

The historical data trend for Vinh Son - Song Hinh Hydropower 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.

Vinh Son - Song Hinh Hydropower JSC ROE % Chart

Vinh Son - Song Hinh Hydropower JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
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
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 22.60 13.54 16.96 17.45 21.92

STC:VSH vs NEE, SO, DUK: ROE % Comparison

For the Utilities - Regulated Electric subindustry, Vinh Son - Song Hinh Hydropower 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.


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

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

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


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

Vinh Son - Song Hinh Hydropower 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 )
=862609.956/( (4683300.432+4949775.273)/ 2 )
=862609.956/4816537.8525
=17.91 %

Vinh Son - Song Hinh Hydropower 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 )
=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 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 21.92% mean?
Vinh Son - Song Hinh Hydropower JSC (STC:VSH) has a ROE % of 21.92% 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 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 ROE % has ranged from 5.18 to 27.99. According to the industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #82 out of 505 companies in the Utilities - Regulated industry, placing it in the top 16.2%.
Is Vinh Son - Song Hinh Hydropower JSC's ROE % too high?
Vinh Son - Song Hinh Hydropower JSC's current ROE % 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 ROE % is 8.62. Vinh Son - Song Hinh Hydropower JSC's value of 21.92% is 154.3% above this industry median. Based on the distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #82 out of 505 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 ROE % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #82 out of 505 companies for ROE %. This places Vinh Son - Song Hinh Hydropower JSC in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 8.62. Vinh Son - Song Hinh Hydropower JSC's value of 21.92% is 154.3% above this benchmark. Historically, Vinh Son - Song Hinh Hydropower JSC's own ROE % 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 8.62, 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 ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 505 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. Vinh Son - Song Hinh Hydropower JSC's current ROE % of 21.92% is 154.3% 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 Vinh Son - Song Hinh Hydropower JSC and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — 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 ROE % 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 ₫47,263.33, compared to a current price of ₫42,500.00 — trading 10.1% below its estimated fair value. The current ROE % is 21.92%, which is 116% above median its 10-year median of 10.14 and 154.3% above the Utilities - Regulated industry median of 8.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Vinh Son - Song Hinh Hydropower JSC (STC:VSH), the current ROE % 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 ₫42,500.00 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:

  • ROE %: 21.92% (116% above median its 10-year median of 10.14)
  • 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: 154.3% above the Utilities - Regulated median (#82 of 505)

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

ROE % 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