H

Hoa Sen Group
VN:HSG

Watchlist Manager
Hoa Sen Group
VN:HSG
Watchlist
Price: 15 450 VND -1.9%
Market Cap: 9.6T VND
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-26%
5Y
+33%
10Y
+109%
Operating Income
+
3Y
+27%
5Y
-62%
10Y
-39%
Net Income
+
3Y
+203%
5Y
-34%
10Y
+17%

Earnings Waterfall
Hoa Sen Group

Revenue
36.5T VND
Cost of Revenue
-32T VND
Gross Profit
4.5T VND
Operating Expenses
-3.8T VND
Operating Income
740.2B VND
Other Expenses
-8.7B VND
Net Income
731.5B VND

Income Statement
Hoa Sen Group

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Income Statement
Currency: VND
Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
103 114
80 339
73 685
84 703
120 332
166 117
199 154
243 575
273 903
288 078
329 632
357 480
347 446
340 391
292 301
0
163 102
167 862
93 196
0
86 567
183 559
84 750
0
88 496
224 013
97 355
151 609
144 303
209 035
219 622
294 507
394 626
482 276
588 645
675 618
729 497
811 669
827 623
806 530
794 963
745 960
716 896
673 552
631 688
560 086
493 955
419 360
362 333
355 049
231 969
206 937
0
260 242
173 432
178 456
233 087
195 490
172 944
144 627
129 337
133 022
156 913
173 446
0
0
Revenue
2 514 025
N/A
2 831 419
+13%
3 175 651
+12%
3 722 848
+17%
4 321 291
+16%
4 899 181
+13%
5 405 176
+10%
6 238 848
+15%
7 249 581
+16%
8 165 987
+13%
9 092 400
+11%
9 761 284
+7%
10 124 361
+4%
10 087 956
0%
10 259 306
+2%
10 331 589
+1%
10 841 665
+5%
11 759 899
+8%
12 363 379
+5%
13 104 291
+6%
14 168 134
+8%
14 990 361
+6%
16 106 587
+7%
17 045 891
+6%
17 550 638
+3%
17 467 976
0%
16 966 453
-3%
17 075 618
+1%
16 840 307
-1%
17 893 715
+6%
19 747 133
+10%
21 569 432
+9%
24 205 274
+12%
26 149 045
+8%
28 269 056
+8%
29 720 238
+5%
32 814 351
+10%
34 441 429
+5%
34 100 287
-1%
33 347 426
-2%
30 250 891
-9%
28 034 775
-7%
27 074 337
-3%
25 932 866
-4%
25 538 633
-2%
27 530 750
+8%
30 045 341
+9%
35 121 520
+17%
41 271 401
+18%
48 726 522
+18%
89 490 033
+84%
91 304 699
+2%
120 092 323
+32%
49 710 636
-59%
70 288 719
+41%
64 608 931
-8%
31 483 191
-51%
31 650 661
+1%
32 806 456
+4%
35 075 174
+7%
37 269 777
+6%
39 271 894
+5%
40 420 333
+3%
39 621 100
-2%
38 289 902
-3%
36 537 815
-5%
Gross Profit
Cost of Revenue
(2 141 917)
(2 276 100)
(2 310 320)
(2 718 295)
(3 263 927)
(3 968 225)
(4 578 109)
(5 320 339)
(6 278 975)
(7 110 055)
(7 876 853)
(8 543 485)
(8 820 114)
(8 682 822)
(8 863 909)
(8 747 303)
(9 134 655)
(10 052 386)
(10 603 969)
(11 465 466)
(12 577 959)
(13 240 125)
(14 270 612)
(15 027 989)
(15 231 172)
(14 869 355)
(14 208 407)
(13 789 588)
(13 195 262)
(13 717 394)
(15 173 504)
(16 937 401)
(19 595 817)
(21 730 791)
(23 716 142)
(25 305 087)
(28 459 942)
(30 464 290)
(30 697 252)
(30 182 918)
(27 147 116)
(24 836 155)
(23 529 712)
(22 092 149)
(21 605 429)
(22 903 482)
(24 872 320)
(29 071 281)
(33 330 290)
(39 853 124)
(73 585 659)
(75 925 038)
(102 518 896)
(44 771 945)
(63 760 809)
(58 576 573)
(29 706 237)
(28 590 019)
(28 956 088)
(31 040 262)
(32 790 045)
(35 008 227)
(35 901 042)
(35 143 396)
(33 936 225)
(32 021 980)
Gross Profit
372 108
N/A
555 320
+49%
865 331
+56%
1 004 553
+16%
1 057 364
+5%
930 956
-12%
827 067
-11%
918 508
+11%
970 605
+6%
1 055 932
+9%
1 215 545
+15%
1 217 797
+0%
1 304 245
+7%
1 405 134
+8%
1 395 396
-1%
1 584 286
+14%
1 707 010
+8%
1 707 512
+0%
1 759 410
+3%
1 638 825
-7%
1 590 175
-3%
1 750 236
+10%
1 835 976
+5%
2 017 903
+10%
2 319 467
+15%
2 598 621
+12%
2 758 047
+6%
3 286 031
+19%
3 645 046
+11%
4 176 322
+15%
4 573 629
+10%
4 632 031
+1%
4 609 457
0%
4 418 254
-4%
4 552 914
+3%
4 415 151
-3%
4 354 409
-1%
3 977 139
-9%
3 403 035
-14%
3 164 508
-7%
3 103 775
-2%
3 198 620
+3%
3 544 625
+11%
3 840 717
+8%
3 933 204
+2%
4 627 267
+18%
5 173 021
+12%
6 050 240
+17%
7 941 111
+31%
8 873 398
+12%
15 904 374
+79%
15 379 661
-3%
17 573 426
+14%
4 938 691
-72%
6 527 911
+32%
6 032 358
-8%
1 776 954
-71%
3 060 642
+72%
3 850 368
+26%
4 034 913
+5%
4 479 732
+11%
4 263 666
-5%
4 519 291
+6%
4 477 704
-1%
4 353 677
-3%
4 515 835
+4%
Operating Income
Operating Expenses
(208 790)
(214 458)
(215 772)
(240 779)
(284 152)
(358 168)
(354 901)
(392 587)
(430 685)
(497 915)
(407 690)
(453 498)
(469 724)
(647 623)
(637 472)
(672 168)
(749 311)
(841 887)
(896 911)
(979 066)
(1 036 600)
(1 064 812)
(1 123 646)
(1 181 634)
(1 268 757)
(1 376 009)
(1 443 152)
(1 625 244)
(1 733 673)
(2 040 318)
(2 198 081)
(2 149 343)
(2 314 503)
(2 313 997)
(2 435 266)
(2 655 455)
(2 739 326)
(2 713 538)
(2 604 440)
(2 486 320)
(2 322 394)
(2 220 497)
(2 244 119)
(2 357 343)
(2 352 190)
(2 679 600)
(2 807 738)
(2 865 375)
(3 258 118)
(3 764 971)
(6 807 954)
(7 183 486)
(9 804 911)
(4 354 249)
(6 215 522)
(5 764 743)
(3 014 540)
(2 885 135)
(2 956 211)
(3 224 978)
(3 418 988)
(3 841 545)
(3 993 309)
(3 986 422)
(3 914 787)
(3 775 596)
Selling, General & Administrative
(212 187)
(214 458)
(235 631)
(270 119)
(315 938)
(358 169)
(378 118)
(421 391)
(459 122)
(463 382)
(548 042)
(590 064)
(613 819)
(608 228)
(671 543)
(675 396)
(741 349)
(803 709)
(856 337)
(935 158)
(992 692)
(1 020 064)
(1 078 253)
(1 130 934)
(1 218 057)
(1 315 534)
(1 347 486)
(1 562 523)
(1 648 083)
(1 953 265)
(2 098 849)
(2 023 623)
(2 179 153)
(2 187 910)
(2 303 432)
(2 497 049)
(2 576 039)
(2 524 339)
(2 432 339)
(2 290 279)
(2 118 785)
(1 996 689)
(2 012 773)
(2 127 297)
(2 120 897)
(2 447 341)
(2 577 113)
(2 636 808)
(3 031 263)
(3 541 853)
(6 414 735)
(6 794 289)
(9 300 571)
(4 123 785)
(5 865 972)
(5 404 853)
(2 762 339)
(2 626 565)
(2 704 010)
(2 982 060)
(3 185 621)
(3 630 518)
(3 789 693)
(3 787 142)
(3 716 929)
(3 562 764)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
(34 533)
0
0
0
(39 395)
0
0
0
(38 178)
0
0
0
(45 887)
0
0
0
(60 475)
(35 108)
0
(57 977)
(87 053)
(101 059)
(122 585)
(132 214)
(126 087)
(131 835)
(157 402)
(172 992)
(187 283)
(197 605)
(209 943)
(218 334)
(222 895)
(230 108)
(228 791)
(230 199)
(233 721)
(232 217)
(230 494)
(229 619)
(228 450)
(399 389)
(398 573)
(513 776)
(231 085)
(352 817)
(361 754)
(253 087)
(257 267)
(251 130)
(242 442)
(232 911)
(209 753)
(202 698)
(199 702)
(199 246)
(212 832)
Other Operating Expenses
3 395
0
19 858
29 340
31 786
0
23 215
28 804
28 435
0
140 350
136 566
144 095
0
34 071
3 228
(7 962)
0
(40 574)
(43 908)
(43 908)
1 140
(45 393)
(50 700)
(50 700)
0
(60 558)
(62 721)
(27 613)
0
1 827
(3 135)
(3 136)
0
0
(1 004)
9 705
(1 915)
25 504
13 902
14 725
(914)
(1 238)
(1 256)
(1 094)
1 461
1 591
1 926
2 764
5 333
6 170
9 376
9 436
621
3 267
1 864
886
(1 302)
(1 072)
(477)
(456)
(1 275)
(918)
422
1 388
0
Operating Income
163 316
N/A
340 862
+109%
649 557
+91%
763 773
+18%
773 212
+1%
572 787
-26%
472 166
-18%
525 922
+11%
539 921
+3%
558 016
+3%
807 856
+45%
764 300
-5%
834 522
+9%
757 511
-9%
757 923
+0%
912 116
+20%
957 697
+5%
865 626
-10%
862 498
0%
659 758
-24%
553 574
-16%
685 424
+24%
712 329
+4%
836 268
+17%
1 050 709
+26%
1 222 612
+16%
1 314 894
+8%
1 660 786
+26%
1 911 372
+15%
2 136 004
+12%
2 375 548
+11%
2 482 688
+5%
2 294 954
-8%
2 104 257
-8%
2 117 648
+1%
1 759 696
-17%
1 615 083
-8%
1 263 602
-22%
798 594
-37%
678 187
-15%
781 380
+15%
978 123
+25%
1 300 506
+33%
1 483 374
+14%
1 581 014
+7%
1 947 667
+23%
2 365 283
+21%
3 184 864
+35%
4 682 993
+47%
5 108 427
+9%
9 096 420
+78%
8 196 175
-10%
7 768 515
-5%
584 442
-92%
312 388
-47%
267 615
-14%
(1 237 586)
N/A
175 508
N/A
894 158
+409%
809 934
-9%
1 060 744
+31%
422 121
-60%
525 981
+25%
491 283
-7%
438 889
-11%
740 239
+69%
Pre-Tax Income
Interest Income Expense
(183 293)
(152 176)
(194 961)
(247 321)
(307 778)
(348 770)
(382 272)
(482 118)
(480 245)
(409 025)
(586 716)
(506 565)
(504 414)
(360 650)
(332 242)
(265 726)
(239 685)
(206 898)
(206 968)
(204 545)
(187 916)
(227 012)
(223 522)
(261 146)
(288 115)
(393 061)
(391 498)
(363 300)
(333 304)
(217 256)
(243 857)
(354 304)
(437 286)
(535 264)
(634 809)
(663 998)
(739 142)
(788 805)
(790 235)
(786 006)
(772 701)
(738 557)
(731 241)
(717 440)
(657 133)
(568 739)
(509 370)
(378 947)
(253 330)
(191 045)
(259 126)
(256 565)
(498 734)
(254 688)
(388 569)
(339 003)
(149 456)
(79 377)
(3 856)
92 998
110 552
88 493
62 342
16 489
50 549
8 539
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11 923
0
27 496
0
0
0
0
0
0
0
0
1 057
6 780
7 107
0
8 111
0
0
23 265
29 942
34 600
35 877
14 870
10 893
7 966
7 993
6 300
3 913
3 644
2 953
0
Gain/Loss on Disposition of Assets
0
(473)
0
0
0
(1 686)
0
0
0
395
0
0
0
(43)
0
0
0
(2 930)
0
0
0
55 143
0
0
0
0
4 092
0
4 111
0
13 696
17 066
21 805
22 507
18 608
13 183
8 482
14 531
127 022
150 386
149 320
133 106
9 622
(14 456)
(13 757)
(16 564)
(16 057)
(14 400)
(13 310)
18
148
0
0
18 003
34 216
38 101
39 005
7 295
9 307
12 897
19 094
20 409
19 957
18 439
40 671
50 387
Total Other Income
(2 745)
12 177
17 153
20 558
25 549
29 571
27 936
26 525
20 962
19 089
19 437
22 136
22 691
14 738
24 413
3 766
4 419
23 199
19 096
44 479
58 508
9 833
56 855
38 088
26 784
2 764
1 510
1 034
(14 413)
(11 998)
16 257
33 397
42 971
51 140
27 915
11 688
11 302
12 360
93 502
91 543
95 893
89 397
1 575
14 136
7 988
13 278
6 700
6 803
4 666
(1 917)
854
11 193
46 380
10 107
19 685
15 743
(15 424)
27 727
18 098
15 995
16 453
13 881
12 802
10 222
10 093
20 925
Pre-Tax Income
(22 722)
N/A
200 390
N/A
471 748
+135%
537 009
+14%
490 982
-9%
251 902
-49%
117 830
-53%
70 329
-40%
80 638
+15%
168 476
+109%
240 577
+43%
279 871
+16%
352 798
+26%
411 556
+17%
450 093
+9%
650 156
+44%
722 431
+11%
678 997
-6%
674 626
-1%
499 692
-26%
424 166
-15%
523 389
+23%
545 662
+4%
613 210
+12%
789 378
+29%
832 315
+5%
928 999
+12%
1 298 520
+40%
1 567 767
+21%
1 906 750
+22%
2 161 643
+13%
2 178 845
+1%
1 922 442
-12%
1 642 639
-15%
1 529 361
-7%
1 132 492
-26%
895 726
-21%
529 184
-41%
228 884
-57%
134 111
-41%
253 892
+89%
462 069
+82%
580 463
+26%
765 613
+32%
918 112
+20%
1 375 643
+50%
1 847 613
+34%
2 805 101
+52%
4 428 126
+58%
4 915 483
+11%
8 846 408
+80%
7 950 804
-10%
7 316 161
-8%
381 129
-95%
7 663
-98%
17 056
+123%
(1 327 584)
N/A
146 023
N/A
928 600
+536%
939 792
+1%
1 214 836
+29%
551 203
-55%
624 995
+13%
540 077
-14%
543 155
+1%
820 090
+51%
Net Income
Tax Provision
1 291
(10 938)
(25 734)
(34 084)
(39 093)
(36 522)
(26 517)
(8 000)
(11 218)
(8 307)
(11 364)
(26 139)
(30 266)
(43 453)
(56 224)
(82 586)
(104 121)
(98 157)
(115 943)
(101 244)
(100 167)
(113 047)
(112 926)
(130 100)
(175 849)
(179 441)
(213 991)
(283 274)
(346 041)
(402 560)
(404 654)
(424 670)
(344 519)
(310 990)
(304 333)
(227 460)
(179 421)
(120 019)
(92 456)
(37 711)
(79 267)
(100 698)
(98 639)
(137 629)
(133 094)
(222 629)
(303 688)
(364 443)
(603 752)
(601 989)
(1 094 172)
(1 062 466)
(991 618)
(129 809)
(201 880)
(189 916)
30 856
(115 960)
(114 941)
(62 954)
(78 746)
(36 529)
(48 149)
(74 936)
(77 641)
(88 583)
Income from Continuing Operations
(21 431)
189 451
446 015
502 926
451 890
215 379
91 313
62 329
69 420
160 168
229 213
253 731
322 531
368 103
393 869
567 571
618 311
580 840
558 683
398 448
323 999
410 342
432 736
483 110
613 528
652 875
715 006
1 015 245
1 221 727
1 504 190
1 756 992
1 754 177
1 577 924
1 331 649
1 225 028
905 031
716 303
409 166
136 425
96 400
174 625
361 372
481 824
627 984
785 018
1 153 014
1 543 925
2 440 658
3 824 374
4 313 494
7 752 236
6 888 338
6 324 543
251 320
(194 217)
(172 859)
(1 296 728)
30 062
813 658
876 838
1 136 089
514 674
576 846
465 141
465 515
731 507
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
2
9
12
14
33
51
52
68
58
30
10
(19)
(24)
(21)
264
314
320
326
57
13
23
21
18
21
17
(1)
(13)
(54)
(57)
(58)
(54)
(39)
(37)
(34)
(36)
7
Net Income (Common)
(21 431)
N/A
189 451
N/A
446 015
+135%
502 926
+13%
451 890
-10%
215 379
-52%
91 313
-58%
62 329
-32%
69 420
+11%
160 168
+131%
229 213
+43%
253 731
+11%
322 531
+27%
368 103
+14%
393 869
+7%
567 571
+44%
618 311
+9%
580 840
-6%
558 683
-4%
398 448
-29%
323 999
-19%
410 342
+27%
432 736
+5%
473 375
+9%
603 793
+28%
626 760
+4%
688 892
+10%
974 636
+41%
1 181 118
+21%
1 444 026
+22%
1 696 826
+18%
1 684 018
-1%
1 507 768
-10%
1 278 397
-15%
1 171 794
-8%
868 879
-26%
680 152
-22%
392 865
-42%
120 115
-69%
92 572
-23%
170 777
+84%
346 898
+103%
467 346
+35%
602 844
+29%
760 163
+26%
1 107 195
+46%
1 498 112
+35%
2 343 345
+56%
3 726 792
+59%
4 313 507
+16%
7 685 434
+78%
6 853 437
-11%
6 289 640
-8%
241 288
-96%
(239 175)
N/A
(182 914)
+24%
(1 306 795)
-614%
28 808
N/A
812 401
+2 720%
858 676
+6%
1 117 932
+30%
494 049
-56%
556 224
+13%
446 502
-20%
446 874
+0%
731 513
+64%
EPS (Diluted)
-75.72
N/A
669.43
N/A
1 576.02
+135%
1 728.26
+10%
1 302.27
-25%
542.51
-58%
136.9
-75%
384.74
+181%
167.27
-57%
392.56
+135%
561.79
+43%
621.88
+11%
796.37
+28%
911.14
+14%
974.92
+7%
1 415.38
+45%
1 545.77
+9%
1 437.72
-7%
1 403.72
-2%
991.16
-29%
814.06
-18%
1 031.01
+27%
1 087.27
+5%
1 177.54
+8%
1 517.06
+29%
1 488.36
-2%
1 655.99
+11%
2 348.52
+42%
2 839.22
+21%
2 504.28
-12%
4 078.9
+63%
2 830.28
-31%
3 624.44
+28%
2 189.41
-40%
2 770.19
+27%
2 054.08
-26%
1 607.92
-22%
714.62
-56%
288.4
-60%
195.91
-32%
384.07
+96%
591.29
+54%
1 051.49
+78%
1 233.5
+17%
1 554.24
+26%
1 832.66
+18%
3 065.32
+67%
4 794.77
+56%
6 354.57
+33%
6 848.71
+8%
12 978.19
+89%
11 573.26
-11%
10 621.15
-8%
391.7
-96%
-388.27
N/A
-296.93
+24%
-2 121.42
-614%
46.77
N/A
1 318.87
+2 720%
1 393.99
+6%
1 814.87
+30%
802.05
-56%
902.99
+13%
714.34
-21%
719.62
+1%
1 177.99
+64%

See Also

Summary
HSG intrinsic value, competitors valuation, and company profile.
DCF Valuation
HSG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HSG stock valuation using valuation multiples.
Wall Street Estimates
HSG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HSG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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