NAM LONG INVESTMENT CORPORATION Financials Nam Long Investment Corporation
Equities
NLG
VN000000NLG1
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 37,900 VND | -.--% |
|
+2.16% | +3.41% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,604,335 | 7,783,730 | 24,584,749 | 11,906,489 | 14,102,094 | 15,102,516 | - | - |
| Enterprise Value (EV) 1 | 5,506,522 | 9,098,125 | 24,337,546 | 12,325,169 | 17,669,405 | 17,248,216 | 15,102,516 | 15,102,516 |
| P/E ratio | 7.01 x | 9.2 x | 21.3 x | 23.2 x | 30.9 x | 25.3 x | 17.8 x | 17.2 x |
| Yield | 3.49% | 3.02% | 1.83% | - | - | 1.91% | 1.91% | 1.91% |
| Capitalization / Revenue | 2.59 x | 3.51 x | 4.72 x | 2.74 x | 4.43 x | 2.31 x | 2.16 x | 1.63 x |
| EV / Revenue | 2.16 x | 4.1 x | 4.68 x | 2.84 x | 5.55 x | 2.64 x | 2.16 x | 1.63 x |
| EV / EBITDA | 8.38 x | 35.1 x | 30 x | 14.2 x | 27.9 x | 14.7 x | 9.79 x | 8.42 x |
| EV / FCF | 22.4 x | -8.2 x | 358 x | -36.6 x | -7.98 x | 11.5 x | - | - |
| FCF Yield | 4.46% | -12.2% | 0.28% | -2.73% | -12.5% | 8.67% | - | - |
| Price to Book | 1.02 x | 1.39 x | 2.75 x | 1.32 x | 1.5 x | 1.48 x | - | - |
| Nbr of stocks (in thousands) | 290,881 | 291,671 | 382,940 | 384,080 | 384,777 | 384,777 | - | - |
| Reference price 2 | 22,705 | 26,687 | 64,200 | 31,000 | 36,650 | 39,250 | 39,250 | 39,250 |
| Announcement Date | 1/20/20 | 1/20/21 | 1/21/22 | 1/19/23 | 1/26/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,546,101 | 2,216,719 | 5,205,519 | 4,338,841 | 3,181,422 | 6,528,492 | 6,993,024 | 9,275,550 |
| EBITDA 1 | 657,252 | 259,051 | 811,389 | 865,061 | 632,742 | 1,175,300 | 1,542,667 | 1,794,300 |
| EBIT 1 | 641,601 | 236,297 | 781,357 | 829,424 | 581,753 | 1,141,033 | 1,505,000 | 1,730,450 |
| Operating Margin | 25.2% | 10.66% | 15.01% | 19.12% | 18.29% | 17.48% | 21.52% | 18.66% |
| Earnings before Tax (EBT) 1 | 1,225,788 | 1,014,839 | 1,639,908 | 1,069,832 | 968,083 | 1,268,702 | 1,526,859 | 1,737,450 |
| Net income 1 | 960,075 | 834,866 | 1,070,826 | 556,274 | 483,736 | 607,714 | 866,386 | 900,500 |
| Net margin | 37.71% | 37.66% | 20.57% | 12.82% | 15.21% | 9.31% | 12.39% | 9.71% |
| EPS 2 | 3,239 | 2,900 | 3,011 | 1,339 | 1,185 | 1,551 | 2,200 | 2,277 |
| Free Cash Flow 1 | 245,572 | -1,110,074 | 67,957 | -336,675 | -2,212,989 | 1,495,300 | - | - |
| FCF margin | 9.65% | -50.08% | 1.31% | -7.76% | -69.56% | 22.9% | - | - |
| FCF Conversion (EBITDA) | 37.36% | - | 8.38% | - | - | 127.23% | - | - |
| FCF Conversion (Net income) | 25.58% | - | 6.35% | - | - | 246.05% | - | - |
| Dividend per Share 2 | 791.8 | 806.0 | 1,178 | - | - | 750.0 | 750.0 | 750.0 |
| Announcement Date | 1/20/20 | 1/20/21 | 1/21/22 | 1/19/23 | 1/26/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 400,774 | 4,568,982 | - | - | 1,629,030 | 235,133 | 953,347 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 319,969 | - | - |
| Net income 1 | - | 658,522 | 110,659 | 7,907 | - | 6,810 | 120,809 | 66,310 | 289,808 |
| Net margin | - | 14.41% | - | - | - | 2.9% | 12.67% | - | - |
| EPS | - | - | 209.0 | 21.00 | - | - | - | 163.0 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/17/21 | 1/21/22 | 7/20/22 | 10/21/22 | 1/19/23 | 4/20/23 | 7/20/23 | 11/23/23 | 1/26/24 |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,314,395 | - | 418,680 | 3,567,311 | 2,145,700 | - | - |
| Net Cash position 1 | 1,097,813 | - | 247,203 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 5.074 x | - | 0.484 x | 5.638 x | 1.826 x | - | - |
| Free Cash Flow 1 | 245,572 | -1,110,074 | 67,957 | -336,675 | -2,212,989 | 1,495,300 | - | - |
| ROE (net income / shareholders' equity) | 16.7% | 15.7% | 14.7% | 6.21% | 5.27% | 6.6% | 7.43% | 8.25% |
| ROA (Net income/ Total Assets) | 9.43% | 6.85% | 5.73% | 2.19% | 1.74% | 3.17% | 3.77% | 4.15% |
| Assets 1 | 10,181,075 | 12,182,488 | 18,679,886 | 25,353,161 | 27,842,546 | 19,190,959 | 23,001,385 | 21,698,795 |
| Book Value Per Share 2 | 22,259 | 19,203 | 23,318 | 23,407 | 24,386 | 26,473 | - | - |
| Cash Flow per Share | - | -3,934 | - | - | - | - | - | - |
| Capex 1 | 301,843 | 43,425 | 18,675 | 111,670 | 26,931 | 43,450 | 50,900 | 51,100 |
| Capex / Sales | 11.86% | 1.96% | 0.36% | 2.57% | 0.85% | 0.67% | 0.73% | 0.55% |
| Announcement Date | 1/20/20 | 1/20/21 | 1/21/22 | 1/19/23 | 1/26/24 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
39,250
VND
Average target price
42,902
VND
Spread / Average Target
+9.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.41% | 576M | |
| -29.16% | 11.18B | |
| +7.58% | 10.76B | |
| -24.06% | 7.52B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| +2.87% | 6.33B | |
| +15.37% | 3.59B | |
| -4.29% | 3.56B | |
| +27.20% | 3.33B |
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