VGP (VGP.BR) Fundamental Analysis & Valuation

EBR:VGP • BE0003878957

100.6 EUR
-1.8 (-1.76%)
Last: Mar 5, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This VGP.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, VGP scores 6 out of 10 in our fundamental rating. VGP was compared to 73 industry peers in the Real Estate Management & Development industry. VGP has an average financial health and profitability rating. VGP is not overvalued while it is showing excellent growth. This is an interesting combination.


Dividend Valuation Growth Profitability Health

6

1. VGP.BR Profitability Analysis

1.1 Basic Checks

  • VGP had positive earnings in the past year.
  • In the past year VGP had a positive cash flow from operations.
  • VGP had positive earnings in 4 of the past 5 years.
  • In the past 5 years VGP reported 4 times negative operating cash flow.
VGP.BR Yearly Net Income VS EBIT VS OCF VS FCFVGP.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

1.2 Ratios

  • VGP has a better Return On Assets (9.05%) than 93.15% of its industry peers.
  • Looking at the Return On Equity, with a value of 18.11%, VGP belongs to the top of the industry, outperforming 97.26% of the companies in the same industry.
  • The Return On Invested Capital of VGP (1.89%) is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for VGP is below the industry average of 4.07%.
  • The 3 year average ROIC (1.01%) for VGP is below the current ROIC(1.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.05%
ROE 18.11%
ROIC 1.89%
ROA(3y)4.58%
ROA(5y)5.59%
ROE(3y)9.02%
ROE(5y)10.28%
ROIC(3y)1.01%
ROIC(5y)N/A
VGP.BR Yearly ROA, ROE, ROICVGP.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • VGP has a better Profit Margin (193.85%) than 95.89% of its industry peers.
  • In the last couple of years the Profit Margin of VGP has declined.
  • VGP has a better Operating Margin (42.76%) than 69.86% of its industry peers.
  • VGP's Operating Margin has improved in the last couple of years.
  • VGP has a better Gross Margin (84.42%) than 79.45% of its industry peers.
  • In the last couple of years the Gross Margin of VGP has remained more or less at the same level.
Industry RankSector Rank
OM 42.76%
PM (TTM) 193.85%
GM 84.42%
OM growth 3Y11.43%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y-33.05%
GM growth 3Y1.6%
GM growth 5Y0.11%
VGP.BR Yearly Profit, Operating, Gross MarginsVGP.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500 1K

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. VGP.BR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VGP is destroying value.
  • Compared to 1 year ago, VGP has about the same amount of shares outstanding.
  • Compared to 5 years ago, VGP has more shares outstanding
  • Compared to 1 year ago, VGP has a worse debt to assets ratio.
VGP.BR Yearly Shares OutstandingVGP.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
VGP.BR Yearly Total Debt VS Total AssetsVGP.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • VGP has an Altman-Z score of 1.27. This is a bad value and indicates that VGP is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of VGP (1.27) is better than 64.38% of its industry peers.
  • The Debt to FCF ratio of VGP is 45.92, which is on the high side as it means it would take VGP, 45.92 years of fcf income to pay off all of its debts.
  • VGP has a Debt to FCF ratio of 45.92. This is comparable to the rest of the industry: VGP outperforms 50.68% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.81, VGP is in the better half of the industry, outperforming 60.27% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF 45.92
Altman-Z 1.27
ROIC/WACC0.36
WACC5.33%
VGP.BR Yearly LT Debt VS Equity VS FCFVGP.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.77 indicates that VGP should not have too much problems paying its short term obligations.
  • VGP has a better Current ratio (1.77) than 60.27% of its industry peers.
  • A Quick Ratio of 1.77 indicates that VGP should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.77, VGP is doing good in the industry, outperforming 75.34% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.77
Quick Ratio 1.77
VGP.BR Yearly Current Assets VS Current LiabilitesVGP.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. VGP.BR Growth Analysis

3.1 Past

  • VGP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 64.11%, which is quite impressive.
  • VGP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.43% yearly.
  • VGP shows a strong growth in Revenue. In the last year, the Revenue has grown by 100.12%.
  • The Revenue has been growing by 42.22% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)64.11%
EPS 3YN/A
EPS 5Y-9.43%
EPS Q2Q%99.68%
Revenue 1Y (TTM)100.12%
Revenue growth 3Y26.59%
Revenue growth 5Y42.22%
Sales Q2Q%177.06%

3.2 Future

  • VGP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.70% yearly.
  • VGP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.80% yearly.
EPS Next Y52.81%
EPS Next 2Y14.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.92%
Revenue Next 2Y8.8%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VGP.BR Yearly Revenue VS EstimatesVGP.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
VGP.BR Yearly EPS VS EstimatesVGP.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

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Find the best growth stocksShow best growing peers

6

4. VGP.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 5.83, the valuation of VGP can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of VGP indicates a rather cheap valuation: VGP is cheaper than 91.78% of the companies listed in the same industry.
  • VGP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.74.
  • With a Price/Forward Earnings ratio of 17.81, VGP is valued on the expensive side.
  • 65.75% 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 (24.82), we can say VGP is valued slightly cheaper.
Industry RankSector Rank
PE 5.83
Fwd PE 17.81
VGP.BR Price Earnings VS Forward Price EarningsVGP.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • VGP's Enterprise Value to EBITDA is on the same level as the industry average.
  • VGP's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 54.53
EV/EBITDA 39.99
VGP.BR Per share dataVGP.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

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.
  • VGP has a very decent profitability rating, which may justify a higher PE ratio.
  • VGP's earnings are expected to grow with 14.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y14.7%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. VGP.BR Dividend Analysis

5.1 Amount

  • VGP has a Yearly Dividend Yield of 2.15%.
  • VGP's Dividend Yield is a higher than the industry average which is at 4.23.
  • VGP's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.15%

5.2 History

  • The dividend of VGP has a limited annual growth rate of 2.67%.
Dividend Growth(5Y)2.67%
Div Incr Years2
Div Non Decr Years2
VGP.BR Yearly Dividends per shareVGP.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • 19.12% of the earnings are spent on dividend by VGP. This is a low number and sustainable payout ratio.
  • The dividend of VGP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.12%
EPS Next 2Y14.7%
EPS Next 3YN/A
VGP.BR Yearly Income VS Free CF VS DividendVGP.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M
VGP.BR Dividend Payout.VGP.BR Dividend Payout, showing the Payout Ratio.VGP.BR Dividend Payout.PayoutRetained Earnings

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VGP.BR Fundamentals: All Metrics, Ratios and Statistics

VGP

EBR:VGP (3/5/2026, 7:00:00 PM)

100.6

-1.8 (-1.76%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-19
Earnings (Next)08-09
Inst Owners15.35%
Inst Owner ChangeN/A
Ins Owners50.96%
Ins Owner ChangeN/A
Market Cap2.75B
Revenue(TTM)242.96M
Net Income(TTM)470.96M
Analysts75
Price Target112.61 (11.94%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.15%
Yearly Dividend3.3
Dividend Growth(5Y)2.67%
DP19.12%
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)2.7%
PT rev (3m)10.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)17.08%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.74%
Revenue NY rev (3m)-14.79%
Valuation
Industry RankSector Rank
PE 5.83
Fwd PE 17.81
P/S 11.3
P/FCF 54.53
P/OCF 54.53
P/B 1.06
P/tB 1.06
EV/EBITDA 39.99
EPS(TTM)17.26
EY17.16%
EPS(NY)5.65
Fwd EY5.61%
FCF(TTM)1.84
FCFY1.83%
OCF(TTM)1.84
OCFY1.83%
SpS8.9
BVpS95.3
TBVpS95.28
PEG (NY)0.11
PEG (5Y)N/A
Graham Number192.38
Profitability
Industry RankSector Rank
ROA 9.05%
ROE 18.11%
ROCE 2.16%
ROIC 1.89%
ROICexc 2.12%
ROICexgc 2.12%
OM 42.76%
PM (TTM) 193.85%
GM 84.42%
FCFM 20.72%
ROA(3y)4.58%
ROA(5y)5.59%
ROE(3y)9.02%
ROE(5y)10.28%
ROIC(3y)1.01%
ROIC(5y)N/A
ROICexc(3y)1.11%
ROICexc(5y)N/A
ROICexgc(3y)1.11%
ROICexgc(5y)N/A
ROCE(3y)1.15%
ROCE(5y)N/A
ROICexgc growth 3Y32.85%
ROICexgc growth 5YN/A
ROICexc growth 3Y32.86%
ROICexc growth 5YN/A
OM growth 3Y11.43%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y-33.05%
GM growth 3Y1.6%
GM growth 5Y0.11%
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF 45.92
Debt/EBITDA 18.3
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.15
Cash Conversion 43.92%
Profit Quality 10.69%
Current Ratio 1.77
Quick Ratio 1.77
Altman-Z 1.27
F-Score5
WACC5.33%
ROIC/WACC0.36
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)64.11%
EPS 3YN/A
EPS 5Y-9.43%
EPS Q2Q%99.68%
EPS Next Y52.81%
EPS Next 2Y14.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)100.12%
Revenue growth 3Y26.59%
Revenue growth 5Y42.22%
Sales Q2Q%177.06%
Revenue Next Year5.92%
Revenue Next 2Y8.8%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y178.22%
EBIT growth 3Y41.06%
EBIT growth 5YN/A
EBIT Next Year-12.27%
EBIT Next 3Y6.09%
EBIT Next 5YN/A
FCF growth 1Y1154.52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1154.52%
OCF growth 3YN/A
OCF growth 5YN/A

VGP / VGP.BR FAQ

Can you provide the ChartMill fundamental rating for VGP?

ChartMill assigns a fundamental rating of 6 / 10 to VGP.BR.


What is the valuation status of VGP (VGP.BR) stock?

ChartMill assigns a valuation rating of 6 / 10 to VGP (VGP.BR). This can be considered as Fairly Valued.


How profitable is VGP (VGP.BR) stock?

VGP (VGP.BR) has a profitability rating of 6 / 10.


What is the financial health of VGP (VGP.BR) stock?

The financial health rating of VGP (VGP.BR) is 4 / 10.


What is the expected EPS growth for VGP (VGP.BR) stock?

The Earnings per Share (EPS) of VGP (VGP.BR) is expected to grow by 52.81% in the next year.