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Nam Long Investment Corporation (NLG) Fair Value & Analysis

Real Estate · VN · Market cap 12.3T VND

NL Nam Long Investment Corporation NLG · VN
Price22,200 VND
Fair Value21,664 VND
Upside-2.4%
Quality32/100
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Expensive Growth
Solidly profitable · 11.7% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Narrow moat 40/100
Evidence: Medium Range 15,669 VND – 28,961 VND Share as image

Fair value as of: Jul 15, 2026

From 9 valuation models · updated 25 days ago

Share price −14.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (15,669 VND to 28,961 VND) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

55,547 VND 15,224 VND Fair Value 21,664 VND Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 15,224 VND – 55,547 VND · fair‑value band 15,669 VND – 28,961 VND · the 22,200 VND price screens above the 21,664 VND fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Nam Long Investment Corporation (NLG) currently trades at 22,200 VND, while our model-based Fair Value estimate is 21,664 VND, implying the stock looks roughly 2.4% fairly valued today. The Quality Score stands at 32/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Nam Long Investment Corporation generated revenue of 5.6T VND at a net margin of 11.7%. Revenue declined 0.9% year over year. It earns a return on equity of 6.4%. Net debt stands at 1.5T VND. Fundamentals as of Jul 15, 2026

Our scenario range runs from 15,669 VND (bear case) to 28,961 VND (bull case); at 22,200 VND, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -2%, NLG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 20,851 VND 21,647 VND 21,955 VND 76
Gordon GGM 18,789 VND 41,019 VND 69,017 VND 70
DDM Multi-Stage 18,789 VND 33,601 VND 42,749 VND 61
All 9 models by family
Dividend Discount
Gordon GGM 18,789 VND 41,019 VND 69,017 VND 70
DDM Multi-Stage 18,789 VND 33,601 VND 42,749 VND 61
Multiples
P/S Multiple 18,434 VND 24,579 VND 30,724 VND 58
P/B Multiple 18,434 VND 24,579 VND 30,724 VND 55
EV/EBIT 41,082 VND 53,189 VND 65,296 VND 53
EV/EBITDA 34,185 VND 43,992 VND 53,800 VND 54
EV/Revenue 24,793 VND 33,377 VND 41,962 VND 43
Asset-Based
NCAV (Graham) 13,051 VND 17,489 VND 26,102 VND 50
Economic Profit
Residual Income 20,851 VND 21,647 VND 21,955 VND 76

Widest divergence: Dividend Discount (33,601 VND) versus Asset-Based (17,489 VND). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 5.6T VND
Revenue growth (YoY) -0.9%
Net margin 11.7%
Return on equity 6.4%
Free cash flow −883B VND FY2025
P/E ratio 21.5
More key figures
Operating margin 15.1%
EPS (TTM) 1,249 VND
EPS growth (YoY) -50.9%
Net debt 1.5T VND FY2024

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 33 · Market factors (momentum, volatility) 25

Profitability 28
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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 …

Full company description

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 services; and purchase, trading, and sale of construction materials. It also invests and trades in the construction of urban areas, and infrastructures for industrial zones and hi-tech parks; and invests in construction, trade, management, and lease of office buildings, supermarkets, schools, swimming pools, hotels, restaurants, golf courses, sports facility zones, and resorts. In addition, the company offers project management advisory; transportation; management; design verification; and real estate brokerage, valuation, exchange, consulting, auction, and advertising; as well as real estate management and portfolio management services. The company was formerly known as Nam Long Company Ltd. and changed its name to Nam Long Investment Corporation in 2005. Nam Long Investment Corporation was founded in 1992 and is headquartered in Ho Chi Minh City, Vietnam.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nam Long Investment Corporation reported revenue of 5.6T VND in FY2025 versus 5.2T VND in FY2021, a compound +2.0%/yr. Reported net income was 701B VND in FY2025, compounding −10.0%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.6T VND
Latest YoY
−21.6%
Avg. growth/yr (3Y)
+9.2%
Avg. growth/yr (5Y)
+20.6%
Avg. growth/yr (6Y)
+14.2%
Revenue +2.0%/yr
FY21 5.2T VND
FY22 4.3T VND
FY23 3.2T VND
FY24 7.2T VND
FY25 5.6T VND
Net income −10.0%/yr
FY21 1.1T VND
FY22 556B VND
FY23 484B VND
FY24 518B VND
FY25 701B VND

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Cite: Fair Value Calculator (2026). "Nam Long Investment Corporation Fair Value". https://www.fairvalue-calculator.com/stock/NLG

Peer Group

Real Estate - Development · 588 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 33 · Bottom 25%
Fair Value upside −2% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth -1% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.36× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 20.0× · Pricier than median
P/B 0.97× · Pricier than median
P/S (TTM) 2.18× · Pricier than median
EV/EBITDA 9.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 30 · sector 48
FUTURE 0 · sector 0
PAST 26 · sector 10
HEALTH 82 · sector 84
DIVIDEND 0 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Nam Long Investment Corporation (NLG) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 21,664 VND versus a price of 22,200 VND, about −2% (fairly valued).
What is the fair value of NLG?
Our model-based fair value for Nam Long Investment Corporation is 21,664 VND (as of Jul 15, 2026), built from audited fundamentals. The current price is 22,200 VND.
What is the quality score of NLG?
Nam Long Investment Corporation has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Nam Long Investment Corporation (NLG)?
Nam Long Investment Corporation reported trailing-twelve-month revenue of about 5.6T VND (latest available figure, as of Jul 15, 2026).
What is the net profit margin of NLG?
The net profit margin of Nam Long Investment Corporation is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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