Hoa Sen Group (STC:HSG) Scaled Net Operating Assets: 0.89 (As of Mar. 2026)


STC:HSG Hoa Sen Group STC:HSG
82 GF Score
Price ₫11,600.00
GF Value ₫13,645.00
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Hoa Sen Group Scaled Net Operating Assets?

Hoa Sen Group STC:HSG -0.85% 82 Scaled Net Operating Assets is 0.89 as of Mar. 2026. GuruFocus rates STC:HSG with a GF Score™ of 82/100 and a GF Value™ of ₫13,645.00 (Modestly Undervalued). The stock has 7 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.

Hoa Sen Group's operating assets for the quarter that ended in Mar. 2026 was ₫22,218,315 Mil. Hoa Sen Group's operating liabilities for the quarter that ended in Mar. 2026 was ₫3,477,588 Mil. Hoa Sen Group's Total Assets for the quarter that ended in Dec. 2025 was ₫21,058,291 Mil. Therefore, Hoa Sen Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.89.


Hoa Sen Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hoa Sen Group'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.

Hoa Sen Group Scaled Net Operating Assets Chart

Hoa Sen Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.55 0.77 0.90 0.78

Hoa Sen Group 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 0.73 0.86 0.80 0.88 0.89

STC:HSG vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Hoa Sen Group'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.


Hoa Sen Group Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Hoa Sen Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hoa Sen Group's Scaled Net Operating Assets falls into.


STC:HSG
82GF Score
Hoa Sen Group STC:HSG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoa Sen Group 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.

Hoa Sen Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(18437035.24-3210549.329)/19565620.935
=0.78

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18953042.84 - 516007.6
=18437035.24

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7614415.051 - 0 - 4403865.722
=3210549.329

Hoa Sen Group'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 )
=(22218314.735-3477588.48)/21058290.984
=0.89

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23224808.094 - 1006493.359
=22218314.735

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11745132.157 - 0 - 8267543.677
=3477588.48

* 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 0.89 mean?
Hoa Sen Group (STC:HSG) has a Scaled Net Operating Assets of 0.89 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 Hoa Sen Group and its competitors.
Is Hoa Sen Group's Scaled Net Operating Assets too high?
Hoa Sen Group's current Scaled Net Operating Assets is 0.89. Overall, Hoa Sen Group has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoa Sen Group's Scaled Net Operating Assets compare to NUE and STLD?
Hoa Sen Group's Scaled Net Operating Assets of 0.89 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Hoa Sen Group and its competitors. Hoa Sen Group's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoa Sen Group stock overvalued right now?
Based on GuruFocus' analysis, Hoa Sen Group (STC:HSG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫13,645.00, compared to a current price of ₫11,600.00 — trading 15% below its estimated fair value. The current Scaled Net Operating Assets is 0.89. Hoa Sen Group's overall GF Score™ is 82/100 with 7 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 Hoa Sen Group (STC:HSG), the current Scaled Net Operating Assets is 0.89 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 Hoa Sen Group (STC:HSG) Overvalued in 2026?

Based on GuruFocus' analysis, Hoa Sen Group stock appears to be undervalued. The current stock price of ₫11,600.00 is trading 15% below its estimated GF Value™ of ₫13,645.00. GuruFocus considers Hoa Sen Group to be Modestly Undervalued.

Key valuation signals for STC:HSG:

  • Scaled Net Operating Assets: 0.89
  • GF Value™: ₫13,645.00 vs. price of ₫11,600.00 (15% below fair value)
  • GF Score™: 82/100 with 7 warning signs

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


Hoa Sen Group Business Description

Address 183 Nguyen Van Troi Street, Ward 10, Phu Nhuan District, Ho Chi Minh, VNM
Hoa Sen Group is engaged in the production of roofing sheets made of galvanized steel, zinc-aluminum alloy, painted galvanized steel, and other alloy types; steel purlins and galvanized purlins; black steel pipes, galvanized steel pipes, alloy-coated steel pipes; galvanized steel mesh, galvanized steel wire, and other steel wire products; and cold rolled steel coils. The Group is also involved in the production and sale of construction materials, including plastic pipes and plastic pipe accessories, buying and selling construction materials, production materials, and consumer goods, warehouse leasing and cargo transportation services, industrial and civil construction, leasing of machinery, equipment, and other tangible items, and hotel business, catering services, and commercial centers.
82GF Score

Get the complete analysis for STC:HSG

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

₫11,600.00
Price
₫13,645.00
GF Value