Dong Nai Water JSC (HSTC:DNW) ROIC %: 11.35% (As of Mar. 2026)


HSTC:DNW Dong Nai Water JSC HSTC:DNW
81 GF Score
Price ₫32,900.00
GF Value ₫33,632.19
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Dong Nai Water JSC ROIC %?

Dong Nai Water JSC HSTC:DNW 81 ROIC % is 11.35% as of Mar. 2026. GuruFocus rates HSTC:DNW with a GF Score™ of 81/100 and a GF Value™ of ₫33,632.19 (Fairly Valued). The stock has 5 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Dong Nai Water JSC's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 11.35%.

As of today (2026-06-30), Dong Nai Water JSC's WACC % is 9.30%. Dong Nai Water JSC's ROIC % is 10.09% (calculated using TTM income statement data). Dong Nai Water JSC generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Dong Nai Water JSC  (HSTC:DNW) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Dong Nai Water JSC's WACC % is 9.30%. Dong Nai Water JSC's ROIC % is 10.09% (calculated using TTM income statement data). Dong Nai Water JSC generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of 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.


Dong Nai Water JSC ROIC % Related Terms


Dong Nai Water JSC ROIC % Historical Data

* Premium members only.

The historical data trend for Dong Nai Water JSC's ROIC % 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.

Dong Nai Water JSC ROIC % Chart

Dong Nai Water JSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
Get a 7-Day Free Trial 8.71 8.59 9.24 9.89 10.08

Dong Nai Water JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % 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 11.59 10.61 10.84 7.49 11.35

HSTC:DNW vs AWK, WTRG, AWR: ROIC % Comparison

For the Utilities - Regulated Water subindustry, Dong Nai Water JSC's ROIC %, along with its competitors' market caps and ROIC % 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.


Dong Nai Water JSC ROIC % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Dong Nai Water JSC's ROIC % distribution charts can be found below:

* The bar in red indicates where Dong Nai Water JSC's ROIC % falls into.


HSTC:DNW
81GF Score
Dong Nai Water JSC HSTC:DNW
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dong Nai Water JSC ROIC % Calculation

Dong Nai Water JSC's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=330625.515 * ( 1 - 10.6% )/( (3003259.274 + 2862808.809)/ 2 )
=295579.21041/2933034.0415
=10.08 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3523436.242 - 175651.67 - ( 705992.676 - max(0, 472917.58 - 817442.878+705992.676))
=3003259.274

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3442157.723 - 179290.852 - ( 703436.249 - max(0, 422976.932 - 823034.994+703436.249))
=2862808.809

Dong Nai Water JSC's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=360041.316 * ( 1 - 10.57% )/( (2862808.809 + 2813001.472)/ 2 )
=321984.9488988/2837905.1405
=11.35 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3442157.723 - 179290.852 - ( 703436.249 - max(0, 422976.932 - 823034.994+703436.249))
=2862808.809

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3411723.889 - 137604.283 - ( 678501.542 - max(0, 354381.026 - 815499.16+678501.542))
=2813001.472

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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 ROIC % →
What does a ROIC % of 11.35% mean?
Dong Nai Water JSC (HSTC:DNW) has a ROIC % of 11.35% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Dong Nai Water JSC and its competitors.
Is Dong Nai Water JSC's ROIC % too high?
Dong Nai Water JSC's current ROIC % is 11.35%. The Utilities - Regulated industry median ROIC % is 4.18. Dong Nai Water JSC's value of 11.35% is 171.5% above this industry median. Overall, Dong Nai Water JSC has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dong Nai Water JSC's ROIC % compare to AWK and WTRG?
Dong Nai Water JSC's ROIC % of 11.35% can be compared against companies in the Utilities - Regulated industry. The industry median ROIC % is 4.18. Dong Nai Water JSC's value of 11.35% is 171.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Utilities - Regulated company?
The median ROIC % among Utilities - Regulated companies is 4.18, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dong Nai Water JSC's current ROIC % of 11.35% is 171.5% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Dong Nai Water JSC and its competitors. For the Utilities - Regulated industry, the median ROIC % is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dong Nai Water JSC's current ROIC % is 11.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dong Nai Water JSC stock overvalued right now?
Based on GuruFocus' analysis, Dong Nai Water JSC (HSTC:DNW) is currently considered Fairly Valued. The stock's GF Value™ is ₫33,632.19, compared to a current price of ₫32,900.00 — trading 2.2% below its estimated fair value. The current ROIC % is 11.35% and 171.5% above the Utilities - Regulated industry median of 4.18. Dong Nai Water JSC's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Dong Nai Water JSC (HSTC:DNW), the current ROIC % is 11.35% 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 Dong Nai Water JSC (HSTC:DNW) Overvalued in 2026?

Based on GuruFocus' analysis, Dong Nai Water JSC stock appears to be undervalued. The current stock price of ₫32,900.00 is trading 2.2% below its estimated GF Value™ of ₫33,632.19. GuruFocus considers Dong Nai Water JSC to be Fairly Valued.

Key valuation signals for HSTC:DNW:

  • ROIC %: 11.35%
  • GF Value™: ₫33,632.19 vs. price of ₫32,900.00 (2.2% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 171.5% above the Utilities - Regulated median

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


Dong Nai Water JSC Business Description

Address 48 Cach Mang Thang 8 Street, Quyet Thang Ward, Dong Nai Province, Bien Hoa, VNM
Dong Nai Water JSC is engaged in exploiting, filtering water for urban and industrial activities, and distributing clean water; providing specialized water system installation services; and producing bottled pure water. The Group mainly produces and supplies clean water and operates only in Dong Nai Province.
81GF Score

Get the complete analysis for HSTC:DNW

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

₫32,900.00
Price
₫33,632.19
GF Value