Hoa Sen Group (HSG) Fair Value & Analysis
Basic Materials · VN · Market cap 9.2T VND
Fair value as of: Jul 17, 2026
From 23 valuation models · updated 24 days ago
Share price −4.0% over the past month.
Below-average quality, screening 21% undervalued on our models.
What matters now
- Our model range runs from 9,867 VND (bear) to 16,446 VND (bull), base 13,157 VND. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 5,196 VND – 29,370 VND · fair‑value band 9,867 VND – 16,446 VND · the 10,900 VND price screens below the 13,157 VND fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Hoa Sen Group (HSG) currently trades at 10,900 VND, while our model-based Fair Value estimate is 13,157 VND, implying the stock looks roughly 20.7% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Hoa Sen Group generated revenue of 35.2T VND at a net margin of 1.5%. Revenue grew 6.1% year over year. It earns a return on equity of 4.8%. Net debt stands at 4.0T VND. Fundamentals as of Jul 17, 2026
Our scenario range runs from 9,867 VND (bear case) to 16,446 VND (bull case); at 10,900 VND, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 21%, HSG screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: DCF Models (16,684 VND) versus Dividend Discount (4,254 VND). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 31
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Hoa Sen Group, together with its subsidiaries, engages in the manufacturing and trading steel sheet in Vietnam and internationally.
Full company description
Hoa Sen Group, together with its subsidiaries, engages in the manufacturing and trading steel sheet in Vietnam and internationally. The company is involved in the production of galvanized, pre-painted galvanized, aluminum-zinc alloy coated, and other alloy coated steel sheets, as well as steel and galvanized purlins; black, galvanized, and other alloy coated steel pipes; and galvanized meshes, wires, and other wires. It engages in the production and trading of plastic building materials; trading of building materials, production materials, and consumer goods; leasing warehouses, and freight transport; construction of industrial and civil facilities; production of cold rolled coil; and leasing of machinery, equipment, and other tangible goods. The company was incorporated in 2001 is headquartered in Di An, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hoa Sen Group reported revenue of 36.5T VND in FY2025 versus 48.7T VND in FY2021, a compound −6.9%/yr. Reported net income was 735B VND in FY2025, compounding −35.8%/yr from FY2021.
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Peer Group
Steel · 378 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Steel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2010 | $0.2000 | -0% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Baoshan Iron & Steel Co 600019 | ¥5.89 | ¥8.07 | +37% |
| China Steel Corporation 2002A | 38.55 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,940 ARS | +17% |
| Jindal Steel Limited JINDALSTEL | ₹1,028 | ₹545.12 | -47% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,844 | ₹1,098 | -40% |
| SSAB AB SSABA | kr 96.04 | kr 72.43 | -25% |
| Gerdau S.A GGBN | 83.50 MXN | 42.64 MXN | -49% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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