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    Real estate development
No Va Land Investment Group Corp.

No Va Land Investment Group Corp.

HHOSE:NVL
10,600.00
VND
-100.00
(-0.93%)
29.57TMarket Cap
Nov 04Next Earn
No Va Land Investment Group Corp.
HOSE:NVL
(Ho Chi Minh Stock Exchange)

Recent

price

10,600.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
1,558.3
3,711.61
5,543.01
7,383.95
8,718.15
5,937.11
2,878.43
7,818.08
5,325.68
2,269.12
4,222.59
3,222.83
- -
Revenue per Share
52.11
231.05
1,213.87
1,277.8
1,835.05
1,852.26
2,244.33
1,691.69
1,034.15
288.87
-3,003.94
806.77
- -
Basic EPS, GAAP
1,197.25
-1,298.75
-8.05
266.11
230.52
1,462.81
-2,110.21
1,545.18
-1,597.89
-3,644.05
-2,781.52
-2,854.29
-3,913.76
Free Cash Flow per Basic Share
- -
- -
41.15
43.27
7.36
10.71
28.36
0.25
- -
0.01
0.02
- -
- -
Dividend per Share
1,483.17
2,746.2
6,794.09
7,651.43
10,522.88
11,891.13
13,581.34
16,882.67
17,860.19
18,148.99
18,047.34
18,895.88
20,189.27
Book Value per Share
1,406.7
2,107.93
5,102.19
6,156.2
6,942.51
8,163.9
10,397.85
14,376.56
15,652.81
16,352.26
16,836.76
18,187.24
19,425.52
Tangible Book Value per Share
1,798
1,798
1,328
1,575
1,754
1,841
1,746
1,906
2,091
2,096
2,149
2,161
2,231
Basic Weighted Avg Shares
2,801,811
6,673,435
7,359,181
11,632,336
15,290,277
10,930,983
5,026,358
14,902,760
11,134,230
4,756,902
9,073,375
6,965,748
- -
Sales/Revenue/Turnover
8.7
11.11
10.59
20.89
26.22
15.2
7.62
23.63
15.76
-17
-46.13
18.88
- -
Operating Margin (%)
14,834
68,394
226,331
484,834
496,873
-2,750,423
736,177
-1,267,996
-227,164
1,106,459
1,553,032
1,043,690
- -
Depreciation Expense
93,696
415,423
1,665,078
2,033,482
3,238,878
3,431,331
3,919,072
3,224,687
2,162,071
605,578
-6,454,780
1,743,741
- -
Net Income, GAAP
26.19
27.36
24.22
20.35
30.02
20.71
15.97
32.08
45.22
75.69
- -
38.51
- -
Effective Tax Rate (%)
3.34
6.23
22.63
17.48
21.18
31.39
77.97
21.64
19.42
12.73
-71.14
25.03
- -
Profit Margin (%)
4,447,012
4,778,666
15,277,506
18,507,770
22,085,878
52,385,187
82,776,218
106,833,886
119,940,554
103,872,161
100,608,727
110,855,481
112,801,923
Working Capital
2,020,352
5,480,588
7,907,494
10,200,874
16,262,686
26,145,644
34,357,216
41,430,753
35,666,513
26,774,936
24,587,656
35,672,724
42,428,587
LT Debt
3,362,345
6,095,209
10,046,890
13,256,391
19,969,800
24,461,074
31,932,147
41,173,113
44,817,730
45,302,850
47,291,024
58,892,990
65,237,919
Total Equity
- -
4.26
8.72
7.37
8.18
0.87
6.04
2.45
1.34
0.29
- -
1.03
- -
Return on Invested Capital (%)
- -
6.25
12.58
11.11
10.66
8.38
6.93
4.95
3.73
1.26
- -
2.91
- -
Return on Capital (%)
- -
10.93
23.09
18.67
20.46
16.56
16.27
10.59
5.97
1.6
-17.01
4.19
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
32,221,876
32,284,498
30,482,394
LT Borrowings
35,672,724
36,686,647
42,428,587
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,399
2,399
2,402
Market Capitalization
29,580,476
31,353,089
29,568,951

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
206,852,319
207,035,228
213,072,914
Cash, Cash Equivalents & STI
4,449,315
23,345,784
24,051,702
Accounts Receivable, Net
3,257,253
3,314,798
3,492,038
Inventories
153,324,020
154,608,590
157,711,912
Total Current Liabilities
95,996,838
101,342,633
100,270,991
Payables & Accruals
- -
- -
- -
ST Debt
32,221,876
32,284,498
30,482,394
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.82%
13.56%
24.53%
Free Cash Flow
-407.71%
-56.64%
3.22%
Net Income, GAAP
-101.32%
-283.11%
-127.01%
Sales/Revenue/Turnover
19.87%
36.29%
-23.23%
Total Cash Common Dividend
- -
393.69%
-99.42%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
697,221
1,587,325
2,010,248
4,778,582
9,073,375
2025
1,778,181
1,924,701
- -
1,567,438
6,965,748
2026
3,586,658
1,509,144
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-270.49
-3,175.81
1,488.37
-1,120.93
-3,003.94
2025
-206.33
-80
- -
1,450.23
806.77
2026
375.58
434
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
No Va Land Investment Group Corp. is a Vietnam-based real estate development and investment company primarily engaged in residential, hospitality, and industrial property development, as well as property management and construction services. The company operates across several core business lines, offering a comprehensive portfolio of properties and related services that includes residential real estate, comprising mid-to-high-end urban apartment complexes, high-rise luxury condominiums, master-planned townhouses, suburban villas, and integrated shophouses; hospitality and integrated tourism real estate, encompassing resort complexes, condotels, beachfront villas, and large-scale entertainment and recreational developments under flagship master-planned projects such as NovaWorld Phan Thiet, NovaWorld Ho Tram, and Aqua City; industrial real estate, involving the development, management, and leasing of industrial zones, logistics hubs, ready-built factories, and modern warehouses; and property-related support services, including real estate brokerage, property and facility management, civil and industrial construction contracting, architectural and design consultancy, land investment consulting, and short-term accommodation operations. Headquartered in Ho Chi Minh City, Vietnam, the company was originally founded in 1992 as Thanh Nhon Trading Company Limited before undergoing corporate restructuring in 2007 to become the primary property development arm of the NovaGroup ecosystem, focusing on key economic and tourism corridors across southern Vietnam, including Ho Chi Minh City, Dong Nai, Binh Thuan, Ba Ria-Vung Tau, and Can Tho. In recent corporate developments, No Va Land Investment Group Corp. has been executing a comprehensive, multi-phase operational and debt restructuring program to stabilize its balance sheet and address sector-wide liquidity challenges. The company has negotiated extensively with domestic and international creditors and bondholders to implement maturity extensions, debt-for-equity conversions, asset-settlement swaps, and early bond repurchases, while seeking amended terms for its offshore convertible bond facilities. Operationally, the company has resolved critical regulatory and legal bottlenecks across its key asset portfolio, enabling the resumption of large-scale construction activities and the phased delivery of residential and commercial units across high-priority developments, including Aqua City, The Grand Manhattan, NovaWorld Phan Thiet, and NovaWorld Ho Tram.