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    Real estate development
Nam Long Investment Corp.

Nam Long Investment Corp.

HHOSE:NLG
23,300.00
VND
+150.00
(+0.65%)
12.69TMarket Cap
Dec 02Next Earn
Nam Long Investment Corp.
HOSE:NLG
(Ho Chi Minh Stock Exchange)

Recent

price

23,300.00

P/E

ratio

- -

div

yld

5.25%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
7,457.83
4,291.09
2,834.95
3,777
4,372.51
4,921.7
9,891.59
13,383.81
12,785.92
8,349.62
7,024.65
15,848.7
11,349.49
8,282.15
17,297.15
11,637.02
- -
Revenue per Share
1,657.42
626.72
151.28
132.91
448.3
755.09
1,321.44
2,146.61
2,805.39
3,150.05
2,645.64
3,260.23
1,455.09
1,259.3
1,244.86
1,445.84
- -
Basic EPS, GAAP
-137.99
-1,181.4
-1,308.96
-743.26
499.68
224.14
-1,050.43
9,547.68
3,586.77
857.62
-3,658.41
3,887.55
-2,887.34
-6,160.84
2,869.84
-1,819.64
- -
Free Cash Flow per Basic Share
180.23
262.72
41.54
27.84
376.02
240.16
376.91
520.39
759.42
798.76
813.39
1,013.01
1,361.59
487.28
467.28
1,953.3
1,223.59
Dividend per Share
7,467.99
7,717.95
7,988.34
8,097.14
8,698.27
9,415.34
10,501.57
12,267.79
15,250.41
17,338.37
19,159.55
23,318.13
23,406.59
24,386.08
25,125.38
26,102.44
25,764.04
Book Value per Share
7,338.04
7,604.96
7,886.98
8,016.01
8,537.56
9,285.19
10,387.76
12,176.59
15,195.87
17,250.66
19,074.17
23,235.89
23,159.53
24,163.79
24,941.52
26,002.87
25,686.8
Tangible Book Value per Share
113
171
163
159
198
256
256
236
272
305
316
328
382
384
416
485
490
Basic Weighted Avg Shares
839,784
734,004
461,750
601,747
866,929
1,258,544
2,533,799
3,161,312
3,479,608
2,546,101
2,216,719
5,205,519
4,338,841
3,181,422
7,196,050
5,645,087
- -
Sales/Revenue/Turnover
28.2
15.62
16.39
14.17
12.22
11.49
18.94
27.88
29.11
25.2
11.49
15.17
19.3
18.61
23.42
18.92
- -
Operating Margin (%)
9,896
9,706
12,349
11,788
11,509
14,291
13,735
13,602
13,449
20,703
22,943
30,032
35,637
48,740
50,090
51,650
- -
Depreciation Expense
186,633
107,202
24,641
21,175
95,573
206,244
345,218
535,017
763,470
960,564
834,866
1,070,826
556,274
483,736
517,895
701,372
- -
Net Income, GAAP
26.11
29.03
48.74
37.99
25.66
24.43
19.98
20.42
21.35
17.86
16.21
9.88
19.1
17.31
23.97
20.36
- -
Effective Tax Rate (%)
22.22
14.61
5.34
3.52
11.02
16.39
13.62
16.92
21.94
37.73
37.66
20.57
12.82
15.21
7.2
12.42
- -
Profit Margin (%)
907,369
1,219,956
1,246,886
1,416,232
1,913,616
2,597,560
3,703,621
3,717,867
4,626,426
4,898,901
5,130,427
15,466,577
14,869,098
15,426,889
17,322,721
12,792,193
11,412,818
Working Capital
56,413
172,747
122,716
258,785
438,281
412,996
812,697
699,894
805,983
806,240
1,525,024
2,315,354
3,375,233
3,705,384
4,002,719
4,504,698
4,280,978
LT Debt
1,369,389
1,512,517
1,555,234
1,582,170
1,991,213
2,426,495
3,147,274
3,722,748
5,284,504
6,199,933
6,720,338
13,527,665
13,315,130
13,532,755
14,568,926
14,824,244
14,544,291
Total Equity
11.22
3.94
0.16
1.45
3.33
3.71
9.96
16.04
15.49
10.04
10.11
8.11
4.64
4.02
6.43
4.31
- -
Return on Invested Capital (%)
13.96
5.16
2.74
1.16
3.86
7.47
8.66
7.52
12.23
13.92
10.64
5.54
2.06
2.08
-0.86
3.19
- -
Return on Capital (%)
18
8.86
1.97
1.65
5.51
9.3
14.4
18.77
20.3
19.9
15.67
14.74
6.21
5.27
5.43
6.28
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,016,904
1,211,421
914,694
LT Borrowings
4,504,698
4,275,819
4,280,978
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
485
485
485
Market Capitalization
14,771,215
14,067,824
12,685,297

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
19,246,030
17,915,357
17,261,032
Cash, Cash Equivalents & STI
8,166,582
7,358,526
6,200,196
Accounts Receivable, Net
1,043,055
851,595
839,743
Inventories
8,677,574
8,381,456
8,599,315
Total Current Liabilities
6,453,837
5,928,131
5,848,214
Payables & Accruals
- -
- -
- -
ST Debt
1,016,904
1,211,421
914,694
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.64%
22.15%
1.75%
Free Cash Flow
-278.6%
-121.41%
-173.93%
Net Income, GAAP
18.75%
1.93%
35.43%
Sales/Revenue/Turnover
29.25%
39.23%
-21.55%
Total Cash Common Dividend
64.61%
82.66%
387.41%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
204,643
252,291
370,575
6,368,541
7,196,050
2025
1,291,160
772,556
- -
1,704,152
5,645,087
2026
1,279,401
415,143
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-199.72
354
-136
1,232
1,244.86
2025
260.26
238
- -
679
1,445.84
2026
140.64
102
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
91.89
- -
467.28
2025
760.23
1,200.67
- -
250.09
1,953.3
2026
162.74
724.52
- -
- -
- -
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Business
Nam Long Investment Corporation is a Vietnam-based real estate development company primarily engaged in integrated township development, residential housing construction, commercial property investment, and property-related services. Founded in 1992 and headquartered in Ho Chi Minh City, Vietnam, the company operates across key economic corridors in southern and northern Vietnam, including Ho Chi Minh City, Long An, Dong Nai, Can Tho, and Hai Phong. Nam Long organizes its operations into three principal business segments: Residential Property and Integrated Township Development, Commercial Real Estate and Asset Investment, and Property Management and Real Estate Services. The Residential Property segment develops master-planned urban townships and multi-tier residential communities across three core branded product lines, comprising affordable condominium housing under the EHome and EHomeS brands; mid-tier residential condominium apartments under the Flora brand; and upscale townhouses, riverside villas, and luxury standalone landed homes under the Valora brand. The company's flagship integrated township projects include the 355-hectare Waterpoint township in Long An, the 170-hectare Izumi City in Dong Nai, the 26-hectare Mizuki Park and 8.5-hectare Akari City in Ho Chi Minh City, the 45-hectare Nam Long Dai Phuoc in Dong Nai, and the 43-hectare Nam Long Central Lake in Can Tho. The Commercial Real Estate segment oversees the development, leasing, and asset management of retail centers, office spaces, hospitality facilities, educational campuses, and healthcare centers embedded within its integrated township master plans. The Property Management and Services segment provides comprehensive estate management, property operation, facility maintenance, project development consultancy, and real estate brokerage services. In recent strategic developments, Nam Long has reinforced its core focus on affordable and real-demand residential housing segments, accelerating phase completions and residential handovers at Akari City Phase 2, Mizuki Park, and Waterpoint. The company continues to deepen its strategic joint-venture partnerships with Japanese real estate groups Hankyu Hanshin Properties Corp. and Nishi-Nippon Railroad for large-scale township co-developments, while executing active capital recycling and project equity monetization strategies. Additionally, Nam Long has optimized its capital structure through long-term green bond and institutional financing facilities backed by the International Finance Corporation (IFC) to fund eco-friendly township infrastructure and expand its recurring commercial asset portfolio.