VGP (VGP.BR) Stock Fundamental Analysis
EBR:VGP - Euronext Brussels - BE0003878957 - Common Stock - Currency: EUR
Overall VGP gets a fundamental rating of 5 out of 10. We evaluated VGP against 73 industry peers in the Real Estate Management & Development industry. Both the profitability and the financial health of VGP get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on VGP. This makes VGP very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year VGP was profitable.
In the past year VGP has reported a negative cash flow from operations.
Of the past 5 years VGP 4 years were profitable.
VGP had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.25%, VGP belongs to the top of the industry, outperforming 89.86% of the companies in the same industry.
VGP has a Return On Equity of 8.61%. This is amongst the best in the industry. VGP outperforms 89.86% of its industry peers.
VGP has a Return On Invested Capital (0.66%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 8.61% | ||
| ROIC | 0.66% |
ROA(3y)5.4%
ROA(5y)9.1%
ROE(3y)9.42%
ROE(5y)17.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 197.92%, VGP belongs to the best of the industry, outperforming 98.55% of the companies in the same industry.
VGP's Profit Margin has declined in the last couple of years.
VGP's Operating Margin of 37.21% is fine compared to the rest of the industry. VGP outperforms 69.57% of its industry peers.
VGP's Operating Margin has improved in the last couple of years.
VGP has a Gross Margin of 95.69%. This is amongst the best in the industry. VGP outperforms 92.75% of its industry peers.
In the last couple of years the Gross Margin of VGP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.21% | ||
| PM (TTM) | 197.92% | ||
| GM | 95.69% |
OM growth 3YN/A
OM growth 5Y12.46%
PM growth 3Y-58.3%
PM growth 5Y-25.6%
GM growth 3Y3.25%
GM growth 5Y2.06%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VGP is destroying value.
VGP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, VGP has more shares outstanding
VGP has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.20, we must say that VGP is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.20, VGP is doing good in the industry, outperforming 76.81% of the companies in the same industry.
A Debt/Equity ratio of 0.86 indicates that VGP is somewhat dependend on debt financing.
VGP's Debt to Equity ratio of 0.86 is in line compared to the rest of the industry. VGP outperforms 56.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.2 |
ROIC/WACC0.13
WACC4.97%
2.3 Liquidity
A Current Ratio of 3.08 indicates that VGP has no problem at all paying its short term obligations.
VGP has a better Current ratio (3.08) than 85.51% of its industry peers.
A Quick Ratio of 3.08 indicates that VGP has no problem at all paying its short term obligations.
VGP's Quick ratio of 3.08 is amongst the best of the industry. VGP outperforms 89.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 |
3. Growth
3.1 Past
VGP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 161.21%, which is quite impressive.
Measured over the past years, VGP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.18% on average per year.
VGP shows a decrease in Revenue. In the last year, the revenue decreased by -1.29%.
VGP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.89% yearly.
EPS 1Y (TTM)161.21%
EPS 3Y-43.2%
EPS 5Y-12.18%
EPS Q2Q%308.32%
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y48.06%
Revenue growth 5Y25.89%
Sales Q2Q%4.37%
3.2 Future
The Earnings Per Share is expected to grow by 7.76% on average over the next years.
VGP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.31% yearly.
EPS Next Y80.42%
EPS Next 2Y47.99%
EPS Next 3Y33.67%
EPS Next 5Y7.76%
Revenue Next Year-0.24%
Revenue Next 2Y5.22%
Revenue Next 3Y2.69%
Revenue Next 5Y-0.31%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.60, the valuation of VGP can be described as very reasonable.
VGP's Price/Earnings ratio is rather cheap when compared to the industry. VGP is cheaper than 84.06% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.90, VGP is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.38, the valuation of VGP can be described as reasonable.
Based on the Price/Forward Earnings ratio, VGP is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of VGP to the average of the S&P500 Index (21.58), we can say VGP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 9.38 |
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 | 84.88 |
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.
The decent profitability rating of VGP may justify a higher PE ratio.
VGP's earnings are expected to grow with 33.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y47.99%
EPS Next 3Y33.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.86%, VGP has a reasonable but not impressive dividend return.
VGP's Dividend Yield is a higher than the industry average which is at 7.13.
Compared to an average S&P500 Dividend Yield of 2.38, VGP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.86% |
5.2 History
On average, the dividend of VGP grows each year by 9.03%, which is quite nice.
Dividend Growth(5Y)9.03%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
VGP pays out 52.01% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of VGP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.01%
EPS Next 2Y47.99%
EPS Next 3Y33.67%
EBR:VGP (3/14/2025, 7:00:00 PM)
82.5
+1.7 (+2.1%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners15.68%
Inst Owner ChangeN/A
Ins Owners50.96%
Ins Owner ChangeN/A
Market Cap2.25B
Analysts69.33
Price Target93.02 (12.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.86% |
Yearly Dividend2.75
Dividend Growth(5Y)9.03%
DP52.01%
Div Incr Years1
Div Non Decr Years1
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)-1.45%
PT rev (3m)-11.54%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.72%
EPS NY rev (3m)-18.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.51%
Revenue NY rev (3m)-11.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 9.38 | ||
| P/S | 22.95 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1 | ||
| P/tB | 1 | ||
| EV/EBITDA | 84.88 |
EPS(TTM)7.11
EY8.62%
EPS(NY)8.79
Fwd EY10.66%
FCF(TTM)-0.56
FCFYN/A
OCF(TTM)-0.56
OCFYN/A
SpS3.59
BVpS82.63
TBVpS82.6
PEG (NY)0.14
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 8.61% | ||
| ROCE | 0.86% | ||
| ROIC | 0.66% | ||
| ROICexc | 0.78% | ||
| ROICexgc | 0.78% | ||
| OM | 37.21% | ||
| PM (TTM) | 197.92% | ||
| GM | 95.69% | ||
| FCFM | N/A |
ROA(3y)5.4%
ROA(5y)9.1%
ROE(3y)9.42%
ROE(5y)17.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y6.78%
ROICexc growth 3YN/A
ROICexc growth 5Y6.78%
OM growth 3YN/A
OM growth 5Y12.46%
PM growth 3Y-58.3%
PM growth 5Y-25.6%
GM growth 3Y3.25%
GM growth 5Y2.06%
F-Score4
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 44.23 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.68 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 | ||
| Altman-Z | 1.2 |
F-Score4
WACC4.97%
ROIC/WACC0.13
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)161.21%
EPS 3Y-43.2%
EPS 5Y-12.18%
EPS Q2Q%308.32%
EPS Next Y80.42%
EPS Next 2Y47.99%
EPS Next 3Y33.67%
EPS Next 5Y7.76%
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y48.06%
Revenue growth 5Y25.89%
Sales Q2Q%4.37%
Revenue Next Year-0.24%
Revenue Next 2Y5.22%
Revenue Next 3Y2.69%
Revenue Next 5Y-0.31%
EBIT growth 1Y-24.45%
EBIT growth 3YN/A
EBIT growth 5Y41.57%
EBIT Next Year82.42%
EBIT Next 3Y33.17%
EBIT Next 5Y32.96%
FCF growth 1Y87.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.49%
OCF growth 3YN/A
OCF growth 5YN/A