IDICO JSC (HSTC:IDC) Scaled Net Operating Assets: 0.30 (As of Mar. 2026)


HSTC:IDC IDICO Corp JSC HSTC:IDC
96 GF Score
Price ₫40,600.00
GF Value ₫45,183.90
Valuation Modestly Undervalued
! 3 Warning Signs
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What is IDICO JSC Scaled Net Operating Assets?

IDICO JSC HSTC:IDC -1.22% 96 Scaled Net Operating Assets is 0.30 as of Mar. 2026. GuruFocus rates HSTC:IDC with a GF Score™ of 96/100 and a GF Value™ of ₫45,183.90 (Modestly Undervalued). The stock has 3 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.

IDICO JSC's operating assets for the quarter that ended in Mar. 2026 was ₫15,897,112 Mil. IDICO JSC's operating liabilities for the quarter that ended in Mar. 2026 was ₫8,946,206 Mil. IDICO JSC's Total Assets for the quarter that ended in Dec. 2025 was ₫23,201,491 Mil. Therefore, IDICO JSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.30.


IDICO JSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for IDICO JSC'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.

IDICO JSC Scaled Net Operating Assets Chart

IDICO JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.32 0.68 0.44 0.33 0.36

IDICO JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.33 0.35 0.36 0.32 0.30

HSTC:IDC vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, IDICO JSC'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.


IDICO JSC Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, IDICO JSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where IDICO JSC's Scaled Net Operating Assets falls into.


HSTC:IDC
96GF Score
IDICO Corp JSC HSTC:IDC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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IDICO JSC 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.

IDICO JSC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(15841423.484-9061295.452)/18800160.506
=0.36

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23201490.68 - 7360067.196
=15841423.484

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14938459.788 - 3265348.898 - 2611815.438
=9061295.452

IDICO JSC'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: Dec. 2025 )
=(15897112.265-8946206.019)/23201490.68
=0.30

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23539502.63 - 7642390.365
=15897112.265

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14689764.459 - 3160817.091 - 2582741.349
=8946206.019

* 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 0.30 mean?
IDICO JSC (HSTC:IDC) has a Scaled Net Operating Assets of 0.30 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 IDICO JSC and its competitors.
Is IDICO JSC's Scaled Net Operating Assets too high?
IDICO JSC's current Scaled Net Operating Assets is 0.30. Overall, IDICO JSC has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IDICO JSC's Scaled Net Operating Assets compare to PWR and FIX?
IDICO JSC's Scaled Net Operating Assets of 0.30 can be compared against companies in the Construction 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 a Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 IDICO JSC and its competitors. IDICO JSC's current Scaled Net Operating Assets is 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IDICO JSC stock overvalued right now?
Based on GuruFocus' analysis, IDICO JSC (HSTC:IDC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫45,183.90, compared to a current price of ₫40,600.00 — trading 10.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.30. IDICO JSC's overall GF Score™ is 96/100 with 3 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 IDICO JSC (HSTC:IDC), the current Scaled Net Operating Assets is 0.30 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 IDICO JSC (HSTC:IDC) Overvalued in 2026?

Based on GuruFocus' analysis, IDICO JSC stock appears to be undervalued. The current stock price of ₫40,600.00 is trading 10.1% below its estimated GF Value™ of ₫45,183.90. GuruFocus considers IDICO JSC to be Modestly Undervalued.

Key valuation signals for HSTC:IDC:

  • Scaled Net Operating Assets: 0.30
  • GF Value™: ₫45,183.90 vs. price of ₫40,600.00 (10.1% below fair value)
  • GF Score™: 96/100 with 3 warning signs

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


IDICO JSC Business Description

Address 151A Nguyen Dinh Chieu Street, Xuan Hoa Ward, District 3, Ho Chi Minh City, VNM
IDICO Corp JSC is engaged in the development and operation of industrial parks and related infrastructure in Vietnam. The company's reportable segments include Industrial Park Business, Electricity, Construction, Road Toll Collection, Real Estate, and Others. Its activities include developing industrial and residential parks, infrastructure, electricity projects, and providing related services. It generates the majority of its revenue from the Electricity business.
96GF Score

Get the complete analysis for HSTC:IDC

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

₫40,600.00
Price
₫45,183.90
GF Value