VGP (VGP.BR) Stock Fundamental Analysis
EBR:VGP - Euronext Brussels - BE0003878957 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to VGP. VGP was compared to 64 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. VGP has a correct valuation and a medium 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
The Return On Assets of VGP (6.17%) is better than 92.19% of its industry peers.
VGP has a Return On Equity of 11.96%. This is amongst the best in the industry. VGP outperforms 89.06% of its industry peers.
VGP has a Return On Invested Capital (0.71%) which 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 4.70%.
The 3 year average ROIC (0.69%) for VGP is below the current ROIC(0.71%), indicating increased profibility in the last year.
| 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
VGP has a better Profit Margin (269.80%) than 100.00% of its industry peers.
VGP's Profit Margin has declined in the last couple of years.
VGP has a better Operating Margin (35.10%) than 65.63% of its industry peers.
With an excellent Gross Margin value of 94.34%, VGP belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
In the last couple of years the Gross Margin of VGP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.1% | ||
| PM (TTM) | 269.8% | ||
| GM | 94.34% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-43.16%
PM growth 5Y-19.33%
GM growth 3Y3.5%
GM growth 5Y2.07%
2. Health
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.
VGP has more shares outstanding than it did 5 years ago.
The debt/assets ratio for VGP has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.22, we must say that VGP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VGP (1.22) is better than 71.88% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that VGP is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.81, VGP is doing good in the industry, outperforming 60.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.22 |
ROIC/WACC0.14
WACC5.13%
2.3 Liquidity
VGP has a Current Ratio of 3.39. This indicates that VGP is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of VGP (3.39) is better than 87.50% of its industry peers.
A Quick Ratio of 3.39 indicates that VGP has no problem at all paying its short term obligations.
The Quick ratio of VGP (3.39) is better than 89.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.39 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 228.76% over the past year.
VGP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.23% yearly.
Looking at the last year, VGP shows a quite strong growth in Revenue. The Revenue has grown by 10.89% in the last year.
Measured over the past years, VGP shows a very strong growth in Revenue. The Revenue has been growing by 32.51% on average per year.
EPS 1Y (TTM)228.76%
EPS 3Y-29.1%
EPS 5Y0.23%
EPS Q2Q%176.36%
Revenue 1Y (TTM)10.89%
Revenue growth 3Y33.95%
Revenue growth 5Y32.51%
Sales Q2Q%17.9%
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 11.42% 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 Year16.6%
Revenue Next 2Y13.29%
Revenue Next 3Y11.42%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.78 indicates a rather cheap valuation of VGP.
85.94% of the companies in the same industry are more expensive than VGP, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of VGP to the average of the S&P500 Index (28.10), we can say VGP is valued rather cheaply.
The Price/Forward Earnings ratio is 17.51, which indicates a rather expensive current valuation of VGP.
VGP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VGP is cheaper than 64.06% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.74. VGP is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.78 | ||
| Fwd PE | 17.51 |
4.2 Price Multiples
VGP's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 81.94 |
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)33.53
EPS Next 2Y-8.09%
EPS Next 3Y-2.91%
5. Dividend
5.1 Amount
VGP has a Yearly Dividend Yield of 2.84%.
Compared to an average industry Dividend Yield of 7.23, VGP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.43, VGP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
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 Years1
Div Non Decr Years1
5.3 Sustainability
VGP pays out 35.19% of its income as dividend. This is a sustainable payout ratio.
DP35.19%
EPS Next 2Y-8.09%
EPS Next 3Y-2.91%
EBR:VGP (5/5/2025, 7:00:00 PM)
81.8
-0.1 (-0.12%)
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 Cap2.23B
Analysts76
Price Target94.86 (15.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
Yearly Dividend3.7
Dividend Growth(5Y)12.35%
DP35.19%
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)1.97%
PT rev (3m)0.49%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-34.7%
EPS NY rev (3m)-48.32%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.07%
Revenue NY rev (3m)4.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.78 | ||
| Fwd PE | 17.51 | ||
| P/S | 20.99 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | 81.94 |
EPS(TTM)10.52
EY12.86%
EPS(NY)4.67
Fwd EY5.71%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)-0.17
OCFYN/A
SpS3.9
BVpS87.96
TBVpS87.93
PEG (NY)N/A
PEG (5Y)33.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.17% | ||
| ROE | 11.96% | ||
| ROCE | 0.84% | ||
| ROIC | 0.71% | ||
| ROICexc | 0.79% | ||
| ROICexgc | 0.79% | ||
| OM | 35.1% | ||
| PM (TTM) | 269.8% | ||
| GM | 94.34% | ||
| 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-43.16%
PM growth 5Y-19.33%
GM growth 3Y3.5%
GM growth 5Y2.07%
F-Score5
Asset Turnover0.02
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 | 1.22 |
F-Score5
WACC5.13%
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)10.89%
Revenue growth 3Y33.95%
Revenue growth 5Y32.51%
Sales Q2Q%17.9%
Revenue Next Year16.6%
Revenue Next 2Y13.29%
Revenue Next 3Y11.42%
Revenue Next 5YN/A
EBIT growth 1Y-10.09%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-2.79%
EBIT Next 3Y3.43%
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