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NLG

Nam Long Investment HOSE:NLG Stock Report

Last Price

₫41.80k

Market Cap

₫16.0t

7D

6.8%

1Y

5.5%

Updated

07 Aug, 2022

Data

Company Financials +
NLG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance1/6
Financial Health5/6
Dividends3/6

NLG Stock Overview

Nam Long Investment Corporation engages in the real estate business in Vietnam.

Nam Long Investment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nam Long Investment
Historical stock prices
Current Share Price₫41,800.00
52 Week High₫67,400.00
52 Week Low₫32,350.00
Beta0.91
1 Month Change14.36%
3 Month Change-9.23%
1 Year Change5.49%
3 Year Change73.40%
5 Year Change96.64%
Change since IPO210.33%

Recent News & Updates

Shareholder Returns

NLGVN Real EstateVN Market
7D6.8%4.2%3.7%
1Y5.5%-15.3%-7.0%

Return vs Industry: NLG exceeded the VN Real Estate industry which returned -15.3% over the past year.

Return vs Market: NLG exceeded the VN Market which returned -7% over the past year.

Price Volatility

Is NLG's price volatile compared to industry and market?
NLG volatility
NLG Average Weekly Movement6.6%
Real Estate Industry Average Movement7.5%
Market Average Movement7.4%
10% most volatile stocks in VN Market10.0%
10% least volatile stocks in VN Market4.2%

Stable Share Price: NLG is not significantly more volatile than the rest of VN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NLG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992832Ngoc Tranhttps://www.namlongvn.com

Nam Long Investment Corporation engages in the real estate business in Vietnam. The company is involved in the civil and industrial construction; housing renovation and interior decoration; construction and renovation of houses for sale or lease; harbour and road bridge construction; ground levelling and construction of drainage systems; installation and repair of electrical systems under 35KV; housing brokerage; and sale and purchase of construction materials. It also invests in the construction and trade of urban areas; infrastructures for industrial zones and hi-tech parks; and office buildings, supermarkets, schools, swimming pools, hotels, restaurants, golf courses, sports facility zones, and resorts.

Nam Long Investment Fundamentals Summary

How do Nam Long Investment's earnings and revenue compare to its market cap?
NLG fundamental statistics
Market Cap₫16.01t
Earnings (TTM)₫694.89b
Revenue (TTM)₫6.40t

23.0x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NLG income statement (TTM)
Revenue₫6.40t
Cost of Revenue₫3.96t
Gross Profit₫2.43t
Other Expenses₫1.74t
Earnings₫694.89b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.81k
Gross Margin38.04%
Net Profit Margin10.86%
Debt/Equity Ratio34.8%

How did NLG perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NLG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NLG?

Other financial metrics that can be useful for relative valuation.

NLG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA17x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does NLG's PE Ratio compare to its peers?

NLG PE Ratio vs Peers
The above table shows the PE ratio for NLG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average60.6x
VPI Van Phu - Invest Investment
35.5xn/a₫14.4t
DXG Dat Xanh Group
18.5x19.8%₫16.6t
SJS Song Da Urban & Industrial Zone Investment and Development
166.6xn/a₫8.0t
KDH Khang Dien House Trading and Investment
21.9x20.5%₫27.7t
NLG Nam Long Investment
23x46.6%₫16.0t

Price-To-Earnings vs Peers: NLG is good value based on its Price-To-Earnings Ratio (23x) compared to the peer average (60.6x).


Price to Earnings Ratio vs Industry

How does NLG's PE Ratio compare vs other companies in the VN Real Estate Industry?

Price-To-Earnings vs Industry: NLG is expensive based on its Price-To-Earnings Ratio (23x) compared to the VN Real Estate industry average (18.4x)


Price to Earnings Ratio vs Fair Ratio

What is NLG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NLG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23x
Fair PE Ratio27x

Price-To-Earnings vs Fair Ratio: NLG is good value based on its Price-To-Earnings Ratio (23x) compared to the estimated Fair Price-To-Earnings Ratio (27x).


Share Price vs Fair Value

What is the Fair Price of NLG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NLG (₫41800) is trading below our estimate of fair value (₫352540.36)

Significantly Below Fair Value: NLG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Nam Long Investment forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


46.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NLG's forecast earnings growth (46.6% per year) is above the savings rate (3.7%).

Earnings vs Market: NLG's earnings (46.6% per year) are forecast to grow faster than the VN market (19.3% per year).

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

Revenue vs Market: NLG's revenue (33.8% per year) is forecast to grow faster than the VN market (17.1% per year).

High Growth Revenue: NLG's revenue (33.8% 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 (19.6%).


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Past Performance

How has Nam Long Investment performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NLG has a large one-off gain of ₫410.5B impacting its June 30 2022 financial results.

Growing Profit Margin: NLG's current net profit margins (10.9%) are lower than last year (45.7%).


Past Earnings Growth Analysis

Earnings Trend: NLG's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: NLG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NLG had negative earnings growth (-30.7%) over the past year, making it difficult to compare to the Real Estate industry average (7.8%).


Return on Equity

High ROE: NLG's Return on Equity (10.1%) is considered low.


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Financial Health

How is Nam Long Investment's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NLG's short term assets (₫22,927.1B) exceed its short term liabilities (₫7,293.8B).

Long Term Liabilities: NLG's short term assets (₫22,927.1B) exceed its long term liabilities (₫4,776.8B).


Debt to Equity History and Analysis

Debt Level: NLG's net debt to equity ratio (3.9%) is considered satisfactory.

Reducing Debt: NLG's debt to equity ratio has increased from 27.2% to 34.8% over the past 5 years.

Debt Coverage: NLG's debt is well covered by operating cash flow (39.1%).

Interest Coverage: NLG's interest payments on its debt are well covered by EBIT (31.1x coverage).


Balance Sheet


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Dividend

What is Nam Long Investment current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.82%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NLG's dividend (2.82%) is higher than the bottom 25% of dividend payers in the VN market (2.8%).

High Dividend: NLG's dividend (2.82%) is low compared to the top 25% of dividend payers in the VN market (7.47%).


Stability and Growth of Payments

Stable Dividend: NLG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NLG's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.2%), NLG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.6%), NLG's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average management tenure


CEO

Ngoc Tran

1.42yrs

Tenure

Mr. Ngoc Xuan Tran is General Director of Nam Long Investment Corporation since March 31, 2021.


Leadership Team

Experienced Management: NLG's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: NLG's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.4%.


Top Shareholders

Company Information

Nam Long Investment Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Nam Long Investment Corporation
  • Ticker: NLG
  • Exchange: HOSE
  • Founded: 1992
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: ₫16.007t
  • Shares outstanding: 382.94m
  • Website: https://www.namlongvn.com

Number of Employees


Location

  • Nam Long Investment Corporation
  • 06 Nguyen Khac Vien
  • Tan Phu Ward
  • Ho Chi Minh City
  • Vietnam

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.