Vico International Holdings (HKSE:01621) Scaled Net Operating Assets: 0.61 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

HKSE:01621 Vico International Holdings Ltd HKSE:01621
62 GF Score
Price HK$0.19
GF Value HK$0.08
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Vico International Holdings Scaled Net Operating Assets?

Vico International Holdings HKSE:01621 62 Scaled Net Operating Assets is 0.61 as of Mar. 2026. GuruFocus rates HKSE:01621 with a GF Score™ of 62/100 and a GF Value™ of HK$0.08 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Vico International Holdings's operating assets for the quarter that ended in Mar. 2026 was HK$199 Mil. Vico International Holdings's operating liabilities for the quarter that ended in Mar. 2026 was HK$17 Mil. Vico International Holdings's Total Assets for the quarter that ended in Sep. 2025 was HK$300 Mil. Therefore, Vico International Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.


Vico International Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Vico International Holdings's Scaled Net Operating Assets 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.

Vico International Holdings Scaled Net Operating Assets Chart

Vico International Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.77 0.83 0.69 0.63

Vico International Holdings Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets 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 0.77 0.69 0.65 0.62 0.61

HKSE:01621 vs MPC, VLO, PSX: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, Vico International Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Vico International Holdings Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vico International Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Vico International Holdings's Scaled Net Operating Assets falls into.


HKSE:01621
62GF Score
Vico International Holdings Ltd HKSE:01621
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vico International Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Vico International Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(198.843-16.974)/287.287
=0.63

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=298.437 - 99.594
=198.843

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.039 - 2.114 - 30.951
=16.974

Vico International Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(198.843-16.974)/300.326
=0.61

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=298.437 - 99.594
=198.843

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.039 - 2.114 - 30.951
=16.974

* 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.

What does a Scaled Net Operating Assets of 0.61 mean?
Vico International Holdings (HKSE:01621) has a Scaled Net Operating Assets of 0.61 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Vico International Holdings and its competitors.
Is Vico International Holdings' Scaled Net Operating Assets too high?
Vico International Holdings' current Scaled Net Operating Assets is 0.61. Overall, Vico International Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vico International Holdings' Scaled Net Operating Assets compare to MPC and VLO?
Vico International Holdings' Scaled Net Operating Assets of 0.61 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Vico International Holdings and its competitors. Vico International Holdings's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vico International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vico International Holdings (HKSE:01621) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.19 — trading 141.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Vico International Holdings' overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Vico International Holdings (HKSE:01621), the current Scaled Net Operating Assets is 0.61 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 Vico International Holdings (HKSE:01621) Overvalued in 2026?

Based on GuruFocus' analysis, Vico International Holdings stock appears to be overvalued. The current stock price of HK$0.19 is trading 141.3% above its estimated GF Value™ of HK$0.08. GuruFocus considers Vico International Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01621:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: HK$0.08 vs. price of HK$0.19 (141.3% above fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the HKSE:01621 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vico International Holdings Business Description

Industry EnergyOil & Gas
Address No. 10 Cheung Yue Street, Unit D, 11th Floor, Billion Plaza II, Cheung Sha Wan, Hong Kong, HKG
Vico International Holdings Ltd is engaged in the business of distribution of petrochemicals products. The company's portfolio of products comprises sales of diesel, lubricant oil and others and provision of fleet cards service. The operating segments of the group are Sales of diesel; Provision of fleet card service; Sales of lubricant oil and Sales of others. The company derives the majority of its revenue from the Sales of the diesel segment. Geographically, the group has a business presence in Hong Kong; Macau, Vietnam, Dubai, Korea, India, and Malaysia, of which key revenue is generated from Hong Kong.
62GF Score

Get the complete analysis for HKSE:01621

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.19
Price
HK$0.08
GF Value