Quang Ninh Thermal power JSC (HSTC:QTP) Scaled Net Operating Assets: 0.59 (As of Mar. 2026)


HSTC:QTP Quang Ninh Thermal power JSC HSTC:QTP
64 GF Score
Price ₫11,800.00
GF Value ₫13,187.19
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Quang Ninh Thermal power JSC Scaled Net Operating Assets?

Quang Ninh Thermal power JSC HSTC:QTP +2.61% 64 Scaled Net Operating Assets is 0.59 as of Mar. 2026. GuruFocus rates HSTC:QTP with a GF Score™ of 64/100 and a GF Value™ of ₫13,187.19 (Modestly Undervalued). The stock has 2 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.

Quang Ninh Thermal power JSC's operating assets for the quarter that ended in Mar. 2026 was ₫6,138,914 Mil. Quang Ninh Thermal power JSC's operating liabilities for the quarter that ended in Mar. 2026 was ₫1,567,697 Mil. Quang Ninh Thermal power JSC's Total Assets for the quarter that ended in Dec. 2025 was ₫7,775,431 Mil. Therefore, Quang Ninh Thermal power JSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.59.


Quang Ninh Thermal power JSC Scaled Net Operating Assets Historical Data

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The historical data trend for Quang Ninh Thermal power 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.

Quang Ninh Thermal power JSC Scaled Net Operating Assets Chart

Quang Ninh Thermal power JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.00 0.00 0.68 0.64 0.59

Quang Ninh Thermal power JSC Quarterly Data
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 0.00 0.00 0.62 0.64 0.59

Quang Ninh Thermal power JSC Scaled Net Operating Assets Competitor Comparison

For the Utilities - Renewable subindustry, Quang Ninh Thermal power 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.


Quang Ninh Thermal power JSC Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Quang Ninh Thermal power JSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Quang Ninh Thermal power JSC's Scaled Net Operating Assets falls into.


HSTC:QTP
64GF Score
Quang Ninh Thermal power JSC HSTC:QTP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Quang Ninh Thermal power 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.

Quang Ninh Thermal power 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 )
=(6241223.809-1830310.119)/7422915.124
=0.59

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7775430.649 - 1534206.84
=6241223.809

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1830310.119 - 0 - 0
=1830310.119

Quang Ninh Thermal power 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 )
=(6138914.164-1567697.18)/7775430.649
=0.59

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7244640.478 - 1105726.314
=6138914.164

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1567697.18 - 0 - 0
=1567697.18

* 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.

What does a Scaled Net Operating Assets of 0.59 mean?
Quang Ninh Thermal power JSC (HSTC:QTP) has a Scaled Net Operating Assets of 0.59 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 Quang Ninh Thermal power JSC and its competitors.
Is Quang Ninh Thermal power JSC's Scaled Net Operating Assets too high?
Quang Ninh Thermal power JSC's current Scaled Net Operating Assets is 0.59. Overall, Quang Ninh Thermal power JSC has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quang Ninh Thermal power JSC's Scaled Net Operating Assets compare to competitors?
Quang Ninh Thermal power JSC's Scaled Net Operating Assets of 0.59 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 Quang Ninh Thermal power JSC and its competitors. Quang Ninh Thermal power JSC's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quang Ninh Thermal power JSC stock overvalued right now?
Based on GuruFocus' analysis, Quang Ninh Thermal power JSC (HSTC:QTP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫13,187.19, compared to a current price of ₫11,800.00 — trading 10.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.59. Quang Ninh Thermal power JSC's overall GF Score™ is 64/100 with 2 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 Quang Ninh Thermal power JSC (HSTC:QTP), the current Scaled Net Operating Assets is 0.59 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 Quang Ninh Thermal power JSC (HSTC:QTP) Overvalued in 2026?

Based on GuruFocus' analysis, Quang Ninh Thermal power JSC stock appears to be undervalued. The current stock price of ₫11,800.00 is trading 10.5% below its estimated GF Value™ of ₫13,187.19. GuruFocus considers Quang Ninh Thermal power JSC to be Modestly Undervalued.

Key valuation signals for HSTC:QTP:

  • Scaled Net Operating Assets: 0.59
  • GF Value™: ₫13,187.19 vs. price of ₫11,800.00 (10.5% below fair value)
  • GF Score™: 64/100 with 2 warning signs

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


Quang Ninh Thermal power JSC Business Description

Address Group 33 Area 5, Ha Khanh Ward, Quang Ninh Province, Ha Long City, VNM
Quang Ninh Thermal power JSC is engaged in the generation, transmission, and distribution of electricity.
64GF Score

Get the complete analysis for HSTC:QTP

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

₫11,800.00
Price
₫13,187.19
GF Value