Sunshine Group Development JSC (HSTC:KSF) 3-Year ROIIC % : 10.18% (As of Dec. 2025) — 22% Above Median

Author: Vera Yuan Vera Yuan
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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.
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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:KSF Sunshine Group Development JSC HSTC:KSF
54 GF Score
Price ₫75,900.00
GF Value ₫310,816.90
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Sunshine Group Development JSC 3-Year ROIIC %?

Sunshine Group Development JSC HSTC:KSF 54 3-Year ROIIC % is 10.18 as of Dec. 2025, which is 22% above its 10-year median of 8.37. GuruFocus rates HSTC:KSF with a GF Score™ of 54/100 and a GF Value™ of ₫310,816.90 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,666 Real Estate companies, Sunshine Group Development JSC ranks better than 74.13% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Sunshine Group Development JSC's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 10.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Sunshine Group Development JSC's 3-Year ROIIC % or its related term are showing as below:

HSTC:KSF's 3-Year ROIIC % is ranked better than
74.13% of 1666 companies
in the Real Estate industry
Industry Median: 2.35 vs HSTC:KSF: 10.18

Sunshine Group Development JSC  (HSTC:KSF) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Sunshine Group Development JSC 3-Year ROIIC % Related Terms


Sunshine Group Development JSC 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Sunshine Group Development JSC's 3-Year ROIIC % 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 Group Development JSC 3-Year ROIIC % Chart

Sunshine Group Development JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
0.00 0.00 0.00 6.55 10.18

Sunshine Group Development JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 0.00 0.00 10.18 0.00

Sunshine Group Development JSC 3-Year ROIIC % Competitor Comparison

For the Real Estate - Diversified subindustry, Sunshine Group Development JSC's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 Group Development JSC 3-Year ROIIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine Group Development JSC's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Sunshine Group Development JSC's 3-Year ROIIC % falls into.


HSTC:KSF
54GF Score
Sunshine Group Development JSC HSTC:KSF
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunshine Group Development JSC 3-Year ROIIC % Calculation

Sunshine Group Development JSC's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 9278888.769219 (Dec. 2025) - 412452.3551004 (Dec. 2022) )/( 97430178.79 (Dec. 2025) - 10297736.849 (Dec. 2022) )
=8866436.4141186/87132441.941
=10.18%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 10.18 mean?
Sunshine Group Development JSC (HSTC:KSF) has a 3-Year ROIIC % of 10.18 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Sunshine Group Development JSC and its competitors. This is 22% above median its historical median of 8.37. Over the past decade, Sunshine Group Development JSC's 3-Year ROIIC % has ranged from 6.55 to 10.18. According to the industry distribution chart, Sunshine Group Development JSC ranks #431 out of 1666 companies in the Real Estate industry, placing it in the top 25.9%.
Is Sunshine Group Development JSC's 3-Year ROIIC % too high?
Sunshine Group Development JSC's current 3-Year ROIIC % of 10.18 is 22% above median its 10-year median of 8.37. Over the past 10 years, this metric has ranged from a low of 6.55 to a high of 10.18. The Real Estate industry median 3-Year ROIIC % is 2.35. Sunshine Group Development JSC's value of 10.18 is 333.2% above this industry median. Based on the distribution chart, Sunshine Group Development JSC ranks #431 out of 1666 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sunshine Group Development JSC has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sunshine Group Development JSC's 3-Year ROIIC % compare to competitors?
According to the Real Estate industry distribution chart, Sunshine Group Development JSC ranks #431 out of 1666 companies for 3-Year ROIIC %. This puts Sunshine Group Development JSC in the upper half of its industry. The industry median 3-Year ROIIC % is 2.35. Sunshine Group Development JSC's value of 10.18 is 333.2% above this benchmark. Historically, Sunshine Group Development JSC's own 3-Year ROIIC % has ranged from 6.55 to 10.18 over the past decade. While the company's 10-year median is 8.37 vs. the industry median of 2.35, Sunshine Group 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 3-Year ROIIC % for a Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.35, based on 1,666 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunshine Group Development JSC's current 3-Year ROIIC % of 10.18 is 333.2% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Sunshine Group Development JSC and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunshine Group Development JSC's current 3-Year ROIIC % is 10.18, which is 22% above median its own 10-year median of 8.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Group Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Group Development JSC (HSTC:KSF) is currently considered Possible Value Trap. The stock's GF Value™ is ₫310,816.90, compared to a current price of ₫75,900.00 — trading 75.6% below its estimated fair value. The current 3-Year ROIIC % is 10.18, which is 22% above median its 10-year median of 8.37 and 333.2% above the Real Estate industry median of 2.35. Sunshine Group Development JSC's overall GF Score™ is 54/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Sunshine Group Development JSC (HSTC:KSF), the current 3-Year ROIIC % is 10.18 as of Dec. 2025. 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 Group Development JSC (HSTC:KSF) Overvalued in 2026?

Based on GuruFocus' analysis, Sunshine Group Development JSC stock appears to be undervalued. The current stock price of ₫75,900.00 is trading 75.6% below its estimated GF Value™ of ₫310,816.90. GuruFocus considers Sunshine Group Development JSC to be Possible Value Trap.

Key valuation signals for HSTC:KSF:

  • 3-Year ROIIC %: 10.18 (22% above median its 10-year median of 8.37)
  • GF Value™: ₫310,816.90 vs. price of ₫75,900.00 (75.6% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 333.2% above the Real Estate median (#431 of 1666)

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


Sunshine Group Development JSC Business Description

Address 12th Floor, Sunshine Center Building, 16 Pham Hung, My Dinh 2 Ward, Nam Tu Liem District, Hanoi, VNM
Sunshine Group Development JSC is a multi-industry economic group with key fields: Real Estate - Technology - Construction - Education - Finance - Communication - Trade in services. Its focus resources on developing real estate serving technology, including complexes related to training schools, research and development centers, moving towards urban areas and cities. Multi-functional smart city, combining and meeting all needs for research, education, work, entertainment, relaxation.
54GF Score

Get the complete analysis for HSTC:KSF

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

₫75,900.00
Price
₫310,816.90
GF Value