Khai Hoan Land Real Estate JSC (STC:KHG) 3-Year ROIIC % : -63.34% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

STC:KHG Khai Hoan Land Real Estate JSC STC:KHG
61 GF Score
Price ₫4,890.00
GF Value ₫9,864.65
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Khai Hoan Land Real Estate JSC 3-Year ROIIC %?

Khai Hoan Land Real Estate JSC STC:KHG -1.01% 61 3-Year ROIIC % is -63.34 as of Dec. 2025. GuruFocus rates STC:KHG with a GF Score™ of 61/100 and a GF Value™ of ₫9,864.65 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,666 Real Estate companies, Khai Hoan Land Real Estate JSC ranks worse than 94.66% 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. Khai Hoan Land Real Estate JSC's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -63.34%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Khai Hoan Land Real Estate JSC's 3-Year ROIIC % or its related term are showing as below:

STC:KHG's 3-Year ROIIC % is ranked worse than
94.66% of 1666 companies
in the Real Estate industry
Industry Median: 2.38 vs STC:KHG: -63.34

Khai Hoan Land Real Estate JSC  (STC:KHG) 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.


Khai Hoan Land Real Estate JSC 3-Year ROIIC % Related Terms


Khai Hoan Land Real Estate JSC 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Khai Hoan Land Real Estate 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.

Khai Hoan Land Real Estate JSC 3-Year ROIIC % Chart

Khai Hoan Land Real Estate JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial 10.38 5.77 -3.00 -34.11 -63.34

Khai Hoan Land Real Estate 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 -63.34 0.00

Khai Hoan Land Real Estate JSC 3-Year ROIIC % Competitor Comparison

For the Real Estate - Development subindustry, Khai Hoan Land Real Estate 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.


Khai Hoan Land Real Estate JSC 3-Year ROIIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Khai Hoan Land Real Estate JSC's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Khai Hoan Land Real Estate JSC's 3-Year ROIIC % falls into.


STC:KHG
61GF Score
Khai Hoan Land Real Estate JSC STC:KHG
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khai Hoan Land Real Estate JSC 3-Year ROIIC % Calculation

Khai Hoan Land Real Estate 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**
=( 8645.0575586 (Dec. 2025) - 281582.3334246 (Dec. 2022) )/( 6801877.576 (Dec. 2025) - 6370988.893 (Dec. 2022) )
=-272937.275866/430888.683
=-63.34%***

* 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 -63.34 mean?
Khai Hoan Land Real Estate JSC (STC:KHG) has a 3-Year ROIIC % of -63.34 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 Khai Hoan Land Real Estate JSC and its competitors. According to the industry distribution chart, Khai Hoan Land Real Estate JSC ranks #1577 out of 1666 companies in the Real Estate industry, placing it in the top 94.7%.
Is Khai Hoan Land Real Estate JSC's 3-Year ROIIC % too high?
Khai Hoan Land Real Estate JSC's current 3-Year ROIIC % is -63.34. Based on the distribution chart, Khai Hoan Land Real Estate JSC ranks #1577 out of 1666 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Khai Hoan Land Real Estate JSC has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Khai Hoan Land Real Estate JSC's 3-Year ROIIC % compare to competitors?
According to the Real Estate industry distribution chart, Khai Hoan Land Real Estate JSC ranks #1577 out of 1666 companies for 3-Year ROIIC %. This places Khai Hoan Land Real Estate JSC in the lower half of its industry. The industry median 3-Year ROIIC % is 2.38. 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 2.38, 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. 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 Khai Hoan Land Real Estate JSC and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khai Hoan Land Real Estate JSC's current 3-Year ROIIC % is -63.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khai Hoan Land Real Estate JSC stock overvalued right now?
Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC (STC:KHG) is currently considered Possible Value Trap. The stock's GF Value™ is ₫9,864.65, compared to a current price of ₫4,890.00 — trading 50.4% below its estimated fair value. The current 3-Year ROIIC % is -63.34. Khai Hoan Land Real Estate JSC's overall GF Score™ is 61/100 with 6 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 Khai Hoan Land Real Estate JSC (STC:KHG), the current 3-Year ROIIC % is -63.34 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 Khai Hoan Land Real Estate JSC (STC:KHG) Overvalued in 2026?

Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC stock appears to be undervalued. The current stock price of ₫4,890.00 is trading 50.4% below its estimated GF Value™ of ₫9,864.65. GuruFocus considers Khai Hoan Land Real Estate JSC to be Possible Value Trap.

Key valuation signals for STC:KHG:

  • 3-Year ROIIC %: -63.34
  • GF Value™: ₫9,864.65 vs. price of ₫4,890.00 (50.4% below fair value)
  • GF Score™: 61/100 with 6 warning signs

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


Khai Hoan Land Real Estate JSC Business Description

Address 5-7-9-11 Hung Gia 4 Street, Phu My Hung Urban Area, Tan Hung ward, Ho Chi Minh City, VNM
Khai Hoan Land Real Estate JSC operates as a real estate developer and a broker. The companies business includes real estate consulting, brokerage services, auction of real estate, auction of land use rights; housing construction; site preparation; hotel service with threestart above quality standard (not operating at the head office); organization of introduction and trade promotion; construction of other civil engineering works; restaurants and catering services; trading real estate, land use rights of owners, leased or leased by the owners; retailing other goods in specialized stores; civil design activities; landscape maintenance services; wholesale of other household appliances; career education; other recreational activities.
61GF Score

Get the complete analysis for STC:KHG

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

₫4,890.00
Price
₫9,864.65
GF Value