VGP (VGP.BR) Stock Fundamental Analysis
EBR:VGP - Euronext Brussels - BE0003878957 - Common Stock - Currency: EUR
VGP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 69 industry peers in the Real Estate Management & Development industry. VGP has only an average score on both its financial health and profitability. VGP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
VGP had positive earnings in the past year.
VGP had a negative operating cash flow in the past year.
VGP had positive earnings in 4 of the past 5 years.
VGP had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 6.17%, VGP belongs to the best of the industry, outperforming 94.20% of the companies in the same industry.
VGP has a better Return On Equity (11.96%) than 91.30% of its industry peers.
VGP has a Return On Invested Capital (0.71%) which is in line with its industry peers.
VGP had an Average Return On Invested Capital over the past 3 years of 0.69%. This is below the industry average of 3.56%.
The last Return On Invested Capital (0.71%) for VGP is above the 3 year average (0.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.17% | ||
| ROE | 11.96% | ||
| ROIC | 0.71% |
ROA(3y)1.87%
ROA(5y)7.8%
ROE(3y)3.44%
ROE(5y)13.72%
ROIC(3y)0.69%
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 236.39%, VGP belongs to the best of the industry, outperforming 98.55% of the companies in the same industry.
In the last couple of years the Profit Margin of VGP has declined.
VGP's Operating Margin of 30.76% is fine compared to the rest of the industry. VGP outperforms 60.87% of its industry peers.
VGP's Gross Margin of 86.35% is amongst the best of the industry. VGP outperforms 82.61% of its industry peers.
VGP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.76% | ||
| PM (TTM) | 236.39% | ||
| GM | 86.35% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-45.61%
PM growth 5Y-21.43%
GM growth 3Y0.49%
GM growth 5Y0.28%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VGP is destroying value.
The number of shares outstanding for VGP remains at a similar level compared to 1 year ago.
The number of shares outstanding for VGP has been increased compared to 5 years ago.
Compared to 1 year ago, VGP has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.30, we must say that VGP is in the distress zone and has some risk of bankruptcy.
VGP's Altman-Z score of 1.30 is fine compared to the rest of the industry. VGP outperforms 65.22% of its industry peers.
VGP has a Debt/Equity ratio of 0.81. This is a neutral value indicating VGP is somewhat dependend on debt financing.
The Debt to Equity ratio of VGP (0.81) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.3 |
ROIC/WACC0.14
WACC5.19%
2.3 Liquidity
A Current Ratio of 3.39 indicates that VGP has no problem at all paying its short term obligations.
VGP has a Current ratio of 3.39. This is in the better half of the industry: VGP outperforms 79.71% of its industry peers.
VGP has a Quick Ratio of 3.39. This indicates that VGP is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.39, VGP belongs to the best of the industry, outperforming 82.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.39 |
3. Growth
3.1 Past
VGP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 228.76%, which is quite impressive.
Measured over the past 5 years, VGP shows a small growth in Earnings Per Share. The EPS has been growing by 0.23% on average per year.
Looking at the last year, VGP shows a quite strong growth in Revenue. The Revenue has grown by 17.06% in the last year.
VGP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 36.06% yearly.
EPS 1Y (TTM)228.76%
EPS 3Y-29.1%
EPS 5Y0.23%
EPS Q2Q%176.36%
Revenue 1Y (TTM)17.06%
Revenue growth 3Y39.99%
Revenue growth 5Y36.06%
Sales Q2Q%15.01%
3.2 Future
Based on estimates for the next years, VGP will show a decrease in Earnings Per Share. The EPS will decrease by -2.91% on average per year.
The Revenue is expected to grow by 18.05% on average over the next years. This is quite good.
EPS Next Y-29.97%
EPS Next 2Y-8.09%
EPS Next 3Y-2.91%
EPS Next 5YN/A
Revenue Next Year35.34%
Revenue Next 2Y21.85%
Revenue Next 3Y18.05%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.81 indicates a reasonable valuation of VGP.
Based on the Price/Earnings ratio, VGP is valued cheaply inside the industry as 88.41% of the companies are valued more expensively.
VGP is valuated cheaply when we compare the Price/Earnings ratio to 27.11, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.84, the valuation of VGP can be described as rather expensive.
60.87% of the companies in the same industry are more expensive than VGP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of VGP to the average of the S&P500 Index (35.78), we can say VGP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.81 | ||
| Fwd PE | 19.84 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as VGP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 88.24 |
4.3 Compensation for Growth
The decent profitability rating of VGP may justify a higher PE ratio.
A cheap valuation may be justified as VGP's earnings are expected to decrease with -2.91% in the coming years.
PEG (NY)N/A
PEG (5Y)37.99
EPS Next 2Y-8.09%
EPS Next 3Y-2.91%
5. Dividend
5.1 Amount
VGP has a Yearly Dividend Yield of 2.48%.
VGP's Dividend Yield is comparable with the industry average which is at 8.04.
Compared to an average S&P500 Dividend Yield of 2.39, VGP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
5.2 History
The dividend of VGP is nicely growing with an annual growth rate of 12.35%!
Dividend Growth(5Y)12.35%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
35.19% of the earnings are spent on dividend by VGP. This is a low number and sustainable payout ratio.
DP35.19%
EPS Next 2Y-8.09%
EPS Next 3Y-2.91%
EBR:VGP (8/13/2025, 7:00:00 PM)
92.7
+0.2 (+0.22%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners14.78%
Inst Owner ChangeN/A
Ins Owners50.96%
Ins Owner ChangeN/A
Market Cap2.53B
Analysts76.25
Price Target96.9 (4.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
Yearly Dividend3.7
Dividend Growth(5Y)12.35%
DP35.19%
Div Incr Years2
Div Non Decr Years2
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)2.04%
PT rev (3m)2.15%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)15.17%
Revenue NY rev (3m)15.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.81 | ||
| Fwd PE | 19.84 | ||
| P/S | 20.84 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 88.24 |
EPS(TTM)10.52
EY11.35%
EPS(NY)4.67
Fwd EY5.04%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)-0.17
OCFYN/A
SpS4.45
BVpS87.96
TBVpS87.93
PEG (NY)N/A
PEG (5Y)37.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.17% | ||
| ROE | 11.96% | ||
| ROCE | 0.84% | ||
| ROIC | 0.71% | ||
| ROICexc | 0.79% | ||
| ROICexgc | 0.79% | ||
| OM | 30.76% | ||
| PM (TTM) | 236.39% | ||
| GM | 86.35% | ||
| FCFM | N/A |
ROA(3y)1.87%
ROA(5y)7.8%
ROE(3y)3.44%
ROE(5y)13.72%
ROIC(3y)0.69%
ROIC(5y)N/A
ROICexc(3y)0.77%
ROICexc(5y)N/A
ROICexgc(3y)0.77%
ROICexgc(5y)N/A
ROCE(3y)0.83%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-45.61%
PM growth 5Y-21.43%
GM growth 3Y0.49%
GM growth 5Y0.28%
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 42.28 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.8 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.39 | ||
| Altman-Z | 1.3 |
F-Score4
WACC5.19%
ROIC/WACC0.14
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)228.76%
EPS 3Y-29.1%
EPS 5Y0.23%
EPS Q2Q%176.36%
EPS Next Y-29.97%
EPS Next 2Y-8.09%
EPS Next 3Y-2.91%
EPS Next 5YN/A
Revenue 1Y (TTM)17.06%
Revenue growth 3Y39.99%
Revenue growth 5Y36.06%
Sales Q2Q%15.01%
Revenue Next Year35.34%
Revenue Next 2Y21.85%
Revenue Next 3Y18.05%
Revenue Next 5YN/A
EBIT growth 1Y-10.09%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year0.75%
EBIT Next 3Y5.47%
EBIT Next 5YN/A
FCF growth 1Y84.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y84.37%
OCF growth 3YN/A
OCF growth 5YN/A