Nam Long Investment Future Growth

Future criteria checks 5/6

Nam Long Investment is forecast to grow earnings and revenue by 42.8% and 38.4% per annum respectively. EPS is expected to grow by 49.6% per annum. Return on equity is forecast to be 7.4% in 3 years.

Key information

42.8%

Earnings growth rate

49.6%

EPS growth rate

Real Estate earnings growth	20.5%
Revenue growth rate	38.4%
Future return on equity	7.4%
Analyst coverage	Good
Last updated	14 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

HOSE:NLG - Analysts future estimates and past financials data (VND Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	8,060,000	817,900	1,078,700	1,130,900	2
12/31/2025	6,798,920	732,409	-1,421,000	-1,091,733	5
12/31/2024	5,923,280	496,414	1,571,300	1,259,100	7
9/30/2024	2,463,471	288,056	-2,192,297	-2,168,745	N/A
6/30/2024	2,449,876	406,740	-2,198,022	-2,172,828	N/A
3/31/2024	3,150,932	377,734	-2,162,020	-2,144,169	N/A
12/31/2023	3,181,422	456,137	-2,366,564	-2,343,064	N/A
9/30/2023	3,174,491	652,062	-2,953,923	-2,899,881	N/A
6/30/2023	3,699,225	593,658	-2,343,177	-2,290,681	N/A
3/31/2023	3,986,566	550,711	-1,740,145	-1,689,680	N/A
12/31/2022	4,338,841	546,274	-1,103,813	-1,030,799	N/A
9/30/2022	7,127,852	414,000	3,446,793	3,482,332	N/A
6/30/2022	6,397,078	703,237	2,062,470	2,104,748	N/A
3/31/2022	5,557,164	667,856	1,103,269	1,147,206	N/A
12/31/2021	5,205,519	1,017,993	1,276,868	1,295,542	N/A
9/30/2021	1,705,929	1,262,353	-2,419,931	-2,381,812	N/A
6/30/2021	2,195,118	994,472	-1,260,334	-1,219,025	N/A
3/31/2021	2,036,282	1,024,334	-763,945	-719,990	N/A
12/31/2020	2,216,719	778,845	-1,154,458	-1,110,910	N/A
9/30/2020	2,519,538	717,085	-152,517	-177,220	N/A
6/30/2020	2,268,892	834,316	181,451	250,308	N/A
3/31/2020	2,630,026	876,975	547,917	613,283	N/A
12/31/2019	2,546,101	906,848	261,518	325,280	N/A
9/30/2019	2,063,980	502,978	-272,995	-155,218	N/A
6/30/2019	3,004,622	776,546	955,677	967,898	N/A
3/31/2019	3,272,649	829,391	587,960	603,568	N/A
12/31/2018	3,479,608	717,891	976,117	991,463	N/A
9/30/2018	4,265,104	772,518	1,437,592	1,445,597	N/A
6/30/2018	3,310,009	394,390	N/A	893,325	N/A
3/31/2018	3,444,695	496,050	N/A	2,121,542	N/A
12/31/2017	3,161,312	497,566	N/A	2,260,976	N/A
9/30/2017	2,498,940	497,919	N/A	1,498,465	N/A
6/30/2017	2,727,702	491,126	N/A	738,253	N/A
3/31/2017	2,414,902	308,895	N/A	-272,030	N/A
12/31/2016	2,533,799	322,433	N/A	-261,159	N/A
9/30/2016	2,280,599	274,442	N/A	-189,435	N/A
6/30/2016	1,913,273	253,863	N/A	-55,127	N/A
3/31/2016	1,458,773	191,896	N/A	-64,566	N/A
12/31/2015	1,258,544	193,086	N/A	58,891	N/A
9/30/2015	1,149,626	175,921	N/A	410,070	N/A
6/30/2015	1,048,027	161,592	N/A	323,989	N/A
3/31/2015	993,940	144,909	N/A	364,261	N/A
12/31/2014	866,929	88,883	N/A	108,987	N/A
9/30/2014	615,180	40,752	N/A	-320,486	N/A
6/30/2014	729,017	66,318	N/A	-274,039	N/A
3/31/2014	628,943	33,242	N/A	-289,628	N/A
12/31/2013	601,747	21,175	N/A	-115,828	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NLG's forecast earnings growth (42.8% per year) is above the savings rate (3%).

Earnings vs Market: NLG's earnings (42.8% per year) are forecast to grow faster than the VN market (20.5% per year).

High Growth Earnings: NLG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NLG's revenue (38.4% per year) is forecast to grow faster than the VN market (17.8% per year).

High Growth Revenue: NLG's revenue (38.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NLG's Return on Equity is forecast to be low in 3 years time (7.4%).

Nam Long Investment Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 12%

Consensus EPS estimates fall by 34%

Consensus revenue estimates fall by 24%

Consensus revenue estimates fall by 24%

Consensus revenue estimates increase by 24%, EPS downgraded

Price target decreased by 16% to ₫30,267

Recent updates

Less than half of directors are independent

Nam Long Investment Corporation Announces Change of the Representative Office Address

Dividend of ₫499 announced

Now 22% overvalued

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates increase by 12%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Nam Long Investment Corporation, Annual General Meeting, Apr 20, 2024

Consensus EPS estimates fall by 34%

Full year 2023 earnings released: EPS: ₫1,185 (vs ₫1,345 in FY 2022)

Consensus revenue estimates fall by 24%

Consensus revenue estimates fall by 24%

Third quarter 2023 earnings released: EPS: ₫163 (vs ₫21.00 in 3Q 2022)

New minor risk - Share price stability

Consensus revenue estimates increase by 24%, EPS downgraded

New major risk - Earnings quality

Second quarter 2023 earnings released: EPS: ₫297 (vs ₫172 in 2Q 2022)

Investor sentiment improves as stock rises 15%

Upcoming dividend of ₫200 per share at 1.3% yield

Nam Long Investment Corporation Approves Second Cash Dividend for the Year 2022, Payable on June 30, 2023

Price target decreased by 16% to ₫30,267

First quarter 2023 earnings released: EPS: ₫18.00 (vs ₫326 loss in 1Q 2022)

Investor sentiment improves as stock rises 18%

Price target decreased by 17% to ₫36,200

Consensus revenue estimates increase by 16%

Full year 2022 earnings released: EPS: ₫1,339 (vs ₫3,099 in FY 2021)

Price target decreased to ₫48,771

Upcoming dividend of ₫300 per share

Nam Long Investment Corporation Announces Adjustment of the Plan to Pay First Cash Dividend for 2022, Payable December 23, 2022

Consensus EPS estimates fall by 10%

Investor sentiment improved over the past week

Nam Long Investment Corporation (HOSE:NLG) announces an Equity Buyback for VND 1,000,000 million worth of its shares.

Upcoming dividend of ₫498 per share

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: ₫21.00 (vs ₫942 in 3Q 2021)

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Nam Long Investment Corporation Announces Change in the Content of Business Registration

Upcoming dividend of ₫559 per share

Price target increased to ₫60,505

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Nam Long Investment Corporation Approves Executive Changes

Price target increased to ₫57,423

Consensus EPS estimates fall by 16%

Nam Long Investment Corporation, Annual General Meeting, Apr 23, 2022

Price target increased to ₫53,383

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of ₫619 per share

Price target increased to ₫53,643

Third quarter 2021 earnings released: EPS ₫2,387 (vs ₫106 in 3Q 2020)

Investor sentiment improved over the past week

Price target increased to ₫45,949

Second quarter 2021 earnings released: EPS ₫157 (vs ₫246 in 2Q 2020)

Full year 2020 earnings released: EPS ₫2,809 (vs ₫3,251 in FY 2019)

Nam Long Investment Corporation (HOSE:NLG) completed the acquisition of 30% stake in Dong Nai Waterfront City LLC from Keppel Land Limited.

Price target raised to ₫33,164

Analysts update estimates

New 90-day high: ₫37,000

New 90-day high: ₫35,200

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS ₫3,206

Investor sentiment improved over the past week

New 90-day high: ₫29,750

Upcoming Dividend of ₫453 Per Share

Nam Long Investment Corporation (HOSE:NLG) agreed to acquire remaining 30% stake in Dong Nai Waterfront City LLC from Keppel Land Limited for VND1951 billion.