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CTP NV (CTPNV.AS) Stock Fundamental Analysis

Europe - AMS:CTPNV - NL00150006R6 - Common Stock

18.26 EUR
+0.18 (+1%)
Last: 9/26/2025, 7:00:00 PM
Fundamental Rating

6

CTPNV gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 75 industry peers in the Real Estate Management & Development industry. CTPNV has an excellent profitability rating, but there are concerns on its financial health. CTPNV is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year CTPNV was profitable.
In the past year CTPNV had a positive cash flow from operations.
CTPNV had positive earnings in each of the past 5 years.
In the past 5 years CTPNV always reported a positive cash flow from operatings.
CTPNV.AS Yearly Net Income VS EBIT VS OCF VS FCFCTPNV.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

1.2 Ratios

CTPNV's Return On Assets of 6.32% is amongst the best of the industry. CTPNV outperforms 92.00% of its industry peers.
Looking at the Return On Equity, with a value of 14.69%, CTPNV belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
CTPNV's Return On Invested Capital of 2.78% is fine compared to the rest of the industry. CTPNV outperforms 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CTPNV is in line with the industry average of 4.00%.
The 3 year average ROIC (2.51%) for CTPNV is below the current ROIC(2.78%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.32%
ROE 14.69%
ROIC 2.78%
ROA(3y)6.15%
ROA(5y)6.59%
ROE(3y)14.6%
ROE(5y)15.99%
ROIC(3y)2.51%
ROIC(5y)2.61%
CTPNV.AS Yearly ROA, ROE, ROICCTPNV.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

The Profit Margin of CTPNV (127.46%) is better than 96.00% of its industry peers.
CTPNV's Profit Margin has declined in the last couple of years.
CTPNV's Operating Margin of 67.16% is amongst the best of the industry. CTPNV outperforms 88.00% of its industry peers.
CTPNV's Operating Margin has declined in the last couple of years.
The Gross Margin of CTPNV (79.18%) is better than 76.00% of its industry peers.
In the last couple of years the Gross Margin of CTPNV has remained more or less at the same level.
Industry RankSector Rank
OM 67.16%
PM (TTM) 127.46%
GM 79.18%
OM growth 3Y-0.75%
OM growth 5Y-4.58%
PM growth 3Y-21%
PM growth 5Y-4.86%
GM growth 3Y-1.49%
GM growth 5YN/A
CTPNV.AS Yearly Profit, Operating, Gross MarginsCTPNV.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 50 100 150 200 250

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CTPNV is destroying value.
Compared to 1 year ago, CTPNV has more shares outstanding
Compared to 5 years ago, CTPNV has more shares outstanding
CTPNV has a better debt/assets ratio than last year.
CTPNV.AS Yearly Shares OutstandingCTPNV.AS Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
CTPNV.AS Yearly Total Debt VS Total AssetsCTPNV.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

Based on the Altman-Z score of 1.02, we must say that CTPNV is in the distress zone and has some risk of bankruptcy.
CTPNV has a Altman-Z score (1.02) which is comparable to the rest of the industry.
CTPNV has a debt to FCF ratio of 29.72. This is a negative value and a sign of low solvency as CTPNV would need 29.72 years to pay back of all of its debts.
The Debt to FCF ratio of CTPNV (29.72) is comparable to the rest of the industry.
CTPNV has a Debt/Equity ratio of 0.98. This is a neutral value indicating CTPNV is somewhat dependend on debt financing.
CTPNV's Debt to Equity ratio of 0.98 is on the low side compared to the rest of the industry. CTPNV is outperformed by 61.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 29.72
Altman-Z 1.02
ROIC/WACC0.55
WACC5.03%
CTPNV.AS Yearly LT Debt VS Equity VS FCFCTPNV.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

A Current Ratio of 1.11 indicates that CTPNV should not have too much problems paying its short term obligations.
CTPNV has a Current ratio (1.11) which is in line with its industry peers.
A Quick Ratio of 1.11 indicates that CTPNV should not have too much problems paying its short term obligations.
The Quick ratio of CTPNV (1.11) is better than 64.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 1.11
CTPNV.AS Yearly Current Assets VS Current LiabilitesCTPNV.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 13.44% over the past year.
The Earnings Per Share has been growing by 15.14% on average over the past years. This is quite good.
Looking at the last year, CTPNV shows a very strong growth in Revenue. The Revenue has grown by 22.83%.
Measured over the past years, CTPNV shows a very strong growth in Revenue. The Revenue has been growing by 28.75% on average per year.
EPS 1Y (TTM)13.44%
EPS 3Y-4.05%
EPS 5Y15.14%
EPS Q2Q%34.86%
Revenue 1Y (TTM)22.83%
Revenue growth 3Y28.82%
Revenue growth 5Y28.75%
Sales Q2Q%9.22%

3.2 Future

CTPNV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.79% yearly.
The Revenue is expected to grow by 17.17% on average over the next years. This is quite good.
EPS Next Y16.51%
EPS Next 2Y11.76%
EPS Next 3Y10.79%
EPS Next 5YN/A
Revenue Next Year21.17%
Revenue Next 2Y17.92%
Revenue Next 3Y15.94%
Revenue Next 5Y17.17%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
CTPNV.AS Yearly Revenue VS EstimatesCTPNV.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
CTPNV.AS Yearly EPS VS EstimatesCTPNV.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 7.30, the valuation of CTPNV can be described as very cheap.
Based on the Price/Earnings ratio, CTPNV is valued cheaply inside the industry as 90.67% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.32. CTPNV is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 15.63, the valuation of CTPNV can be described as correct.
Based on the Price/Forward Earnings ratio, CTPNV is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CTPNV to the average of the S&P500 Index (22.89), we can say CTPNV is valued slightly cheaper.
Industry RankSector Rank
PE 7.3
Fwd PE 15.63
CTPNV.AS Price Earnings VS Forward Price EarningsCTPNV.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

CTPNV's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CTPNV is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 30.5
EV/EBITDA 25.78
CTPNV.AS Per share dataCTPNV.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CTPNV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.44
PEG (5Y)0.48
EPS Next 2Y11.76%
EPS Next 3Y10.79%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.40%, CTPNV has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.76, CTPNV pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, CTPNV pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.4%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
CTPNV.AS Yearly Dividends per shareCTPNV.AS Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

13.20% of the earnings are spent on dividend by CTPNV. This is a low number and sustainable payout ratio.
DP13.2%
EPS Next 2Y11.76%
EPS Next 3Y10.79%
CTPNV.AS Yearly Income VS Free CF VS DividendCTPNV.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
CTPNV.AS Dividend Payout.CTPNV.AS Dividend Payout, showing the Payout Ratio.CTPNV.AS Dividend Payout.PayoutRetained Earnings

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CTP NV

AMS:CTPNV (9/26/2025, 7:00:00 PM)

18.26

+0.18 (+1%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)08-07 2025-08-07
Earnings (Next)11-06 2025-11-06
Inst Owners11.15%
Inst Owner ChangeN/A
Ins Owners73.11%
Ins Owner ChangeN/A
Market Cap8.75B
Analysts81.54
Price Target21.23 (16.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.4%
Yearly Dividend0.33
Dividend Growth(5Y)N/A
DP13.2%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.99%
PT rev (3m)8.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)22.9%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)2.22%
Valuation
Industry RankSector Rank
PE 7.3
Fwd PE 15.63
P/S 9.51
P/FCF 30.5
P/OCF 27.83
P/B 1.1
P/tB 1.12
EV/EBITDA 25.78
EPS(TTM)2.5
EY13.69%
EPS(NY)1.17
Fwd EY6.4%
FCF(TTM)0.6
FCFY3.28%
OCF(TTM)0.66
OCFY3.59%
SpS1.92
BVpS16.67
TBVpS16.29
PEG (NY)0.44
PEG (5Y)0.48
Profitability
Industry RankSector Rank
ROA 6.32%
ROE 14.69%
ROCE 3.53%
ROIC 2.78%
ROICexc 2.92%
ROICexgc 2.95%
OM 67.16%
PM (TTM) 127.46%
GM 79.18%
FCFM 31.16%
ROA(3y)6.15%
ROA(5y)6.59%
ROE(3y)14.6%
ROE(5y)15.99%
ROIC(3y)2.51%
ROIC(5y)2.61%
ROICexc(3y)2.64%
ROICexc(5y)2.78%
ROICexgc(3y)2.68%
ROICexgc(5y)2.81%
ROCE(3y)3.18%
ROCE(5y)3.31%
ROICexcg growth 3Y5.03%
ROICexcg growth 5Y-1.68%
ROICexc growth 3Y4.63%
ROICexc growth 5Y-1.89%
OM growth 3Y-0.75%
OM growth 5Y-4.58%
PM growth 3Y-21%
PM growth 5Y-4.86%
GM growth 3Y-1.49%
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 29.72
Debt/EBITDA 12.37
Cap/Depr 174.68%
Cap/Sales 3%
Interest Coverage 2.53
Cash Conversion 49.6%
Profit Quality 24.45%
Current Ratio 1.11
Quick Ratio 1.11
Altman-Z 1.02
F-Score5
WACC5.03%
ROIC/WACC0.55
Cap/Depr(3y)334.07%
Cap/Depr(5y)232.31%
Cap/Sales(3y)6.82%
Cap/Sales(5y)4.9%
Profit Quality(3y)29.43%
Profit Quality(5y)34.63%
High Growth Momentum
Growth
EPS 1Y (TTM)13.44%
EPS 3Y-4.05%
EPS 5Y15.14%
EPS Q2Q%34.86%
EPS Next Y16.51%
EPS Next 2Y11.76%
EPS Next 3Y10.79%
EPS Next 5YN/A
Revenue 1Y (TTM)22.83%
Revenue growth 3Y28.82%
Revenue growth 5Y28.75%
Sales Q2Q%9.22%
Revenue Next Year21.17%
Revenue Next 2Y17.92%
Revenue Next 3Y15.94%
Revenue Next 5Y17.17%
EBIT growth 1Y22.02%
EBIT growth 3Y27.85%
EBIT growth 5Y22.85%
EBIT Next Year-22.69%
EBIT Next 3Y0.46%
EBIT Next 5Y2.12%
FCF growth 1Y30.83%
FCF growth 3Y34.83%
FCF growth 5Y20.49%
OCF growth 1Y13.77%
OCF growth 3Y34.72%
OCF growth 5Y22.36%