VGP (VGP.BR) Stock Fundamental Analysis

Europe • Euronext Brussels • EBR:VGP • BE0003878957

109.1 EUR
-1.3 (-1.18%)
Last: Feb 12, 2026, 01:47 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall VGP gets a fundamental rating of 5 out of 10. We evaluated VGP against 67 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.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year VGP was profitable.
  • VGP had a positive operating cash flow in the past year.
  • Of the past 5 years VGP 4 years were profitable.
  • VGP had a negative operating cash flow in each of the past 5 years.
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 0 200M 400M 600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.48%, VGP belongs to the top of the industry, outperforming 95.52% of the companies in the same industry.
  • VGP has a Return On Equity of 13.09%. This is amongst the best in the industry. VGP outperforms 92.54% of its industry peers.
  • VGP has a Return On Invested Capital (0.80%) 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 4.00%.
  • The 3 year average ROIC (0.69%) for VGP is below the current ROIC(0.80%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.48%
ROE 13.09%
ROIC 0.8%
ROA(3y)1.87%
ROA(5y)7.8%
ROE(3y)3.44%
ROE(5y)13.72%
ROIC(3y)0.69%
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 0 10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 245.03%, VGP belongs to the top of the industry, outperforming 98.51% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VGP has declined.
  • With a decent Operating Margin value of 33.72%, VGP is doing good in the industry, outperforming 61.19% of the companies in the same industry.
  • Looking at the Gross Margin, with a value of 85.12%, VGP is in the better half of the industry, outperforming 77.61% of the companies in the same industry.
  • VGP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 33.72%
PM (TTM) 245.03%
GM 85.12%
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%
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 0 500 1K

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

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.
  • The debt/assets ratio for VGP has been reduced compared to a year ago.
VGP.BR Yearly Shares OutstandingVGP.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B 4B

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.
  • The Altman-Z score of VGP (1.30) is better than 67.16% of its industry peers.
  • VGP has a debt to FCF ratio of 521.51. This is a negative value and a sign of low solvency as VGP would need 521.51 years to pay back of all of its debts.
  • VGP's Debt to FCF ratio of 521.51 is in line compared to the rest of the industry. VGP outperforms 41.79% of its industry peers.
  • VGP has a Debt/Equity ratio of 0.85. This is a neutral value indicating VGP is somewhat dependend on debt financing.
  • VGP has a better Debt to Equity ratio (0.85) than 61.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 521.51
Altman-Z 1.3
ROIC/WACC0.14
WACC5.57%
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 0 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 2.37 indicates that VGP has no problem at all paying its short term obligations.
  • The Current ratio of VGP (2.37) is better than 73.13% of its industry peers.
  • A Quick Ratio of 2.37 indicates that VGP has no problem at all paying its short term obligations.
  • VGP's Quick ratio of 2.37 is fine compared to the rest of the industry. VGP outperforms 79.10% of its industry peers.
Industry RankSector Rank
Current Ratio 2.37
Quick Ratio 2.37
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 200M 400M 600M 800M 1B

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

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 67.88% 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.
  • VGP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.41%.
  • The Revenue has been growing by 36.06% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)67.88%
EPS 3Y-29.1%
EPS 5Y0.23%
EPS Q2Q%27.55%
Revenue 1Y (TTM)17.41%
Revenue growth 3Y39.99%
Revenue growth 5Y36.06%
Sales Q2Q%19.61%

3.2 Future

  • The Earnings Per Share is expected to decrease by -10.02% on average over the next years. This is quite bad
  • The Revenue is expected to grow by 14.79% on average over the next years. This is quite good.
EPS Next Y-44.62%
EPS Next 2Y-8.01%
EPS Next 3Y-10.02%
EPS Next 5YN/A
Revenue Next Year21.43%
Revenue Next 2Y13.97%
Revenue Next 3Y14.79%
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.
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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4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 9.14, which indicates a very decent valuation of VGP.
  • 82.09% of the companies in the same industry are more expensive than VGP, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 28.18, VGP is valued rather cheaply.
  • The Price/Forward Earnings ratio is 19.32, which indicates a rather expensive current valuation of VGP.
  • VGP's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, VGP is valued a bit cheaper.
Industry RankSector Rank
PE 9.14
Fwd PE 19.32
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VGP.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as VGP.
Industry RankSector Rank
P/FCF 672.24
EV/EBITDA 90.53
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 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 -10.02% in the coming years.
PEG (NY)N/A
PEG (5Y)39.4
EPS Next 2Y-8.01%
EPS Next 3Y-10.02%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.20%, VGP has a reasonable but not impressive dividend return.
  • VGP's Dividend Yield is a higher than the industry average which is at 4.45.
  • VGP's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.2%

5.2 History

  • On average, the dividend of VGP grows each year by 12.35%, which is quite nice.
Dividend Growth(5Y)12.35%
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

  • 27.63% of the earnings are spent on dividend by VGP. This is a low number and sustainable payout ratio.
DP27.63%
EPS Next 2Y-8.01%
EPS Next 3Y-10.02%
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 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

EBR:VGP (2/12/2026, 1:47:42 PM)

109.1

-1.3 (-1.18%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)08-21
Earnings (Next)02-19
Inst Owners15.35%
Inst Owner ChangeN/A
Ins Owners50.96%
Ins Owner ChangeN/A
Market Cap2.98B
Revenue(TTM)133.03M
Net Income(TTM)325.98M
Analysts77.5
Price Target112.1 (2.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.2%
Yearly Dividend3.7
Dividend Growth(5Y)12.35%
DP27.63%
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)4.07%
PT rev (3m)7.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.61%
EPS NY rev (3m)-3.15%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.44%
Valuation
Industry RankSector Rank
PE 9.14
Fwd PE 19.32
P/S 22.38
P/FCF 672.24
P/OCF 672.24
P/B 1.2
P/tB 1.2
EV/EBITDA 90.53
EPS(TTM)11.94
EY10.94%
EPS(NY)5.65
Fwd EY5.18%
FCF(TTM)0.16
FCFY0.15%
OCF(TTM)0.16
OCFY0.15%
SpS4.87
BVpS91.27
TBVpS91.25
PEG (NY)N/A
PEG (5Y)39.4
Graham Number156.59
Profitability
Industry RankSector Rank
ROA 6.48%
ROE 13.09%
ROCE 0.95%
ROIC 0.8%
ROICexc 0.88%
ROICexgc 0.88%
OM 33.72%
PM (TTM) 245.03%
GM 85.12%
FCFM 3.33%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 521.51
Debt/EBITDA 39.17
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.89
Cash Conversion 8.18%
Profit Quality 1.36%
Current Ratio 2.37
Quick Ratio 2.37
Altman-Z 1.3
F-Score5
WACC5.57%
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)67.88%
EPS 3Y-29.1%
EPS 5Y0.23%
EPS Q2Q%27.55%
EPS Next Y-44.62%
EPS Next 2Y-8.01%
EPS Next 3Y-10.02%
EPS Next 5YN/A
Revenue 1Y (TTM)17.41%
Revenue growth 3Y39.99%
Revenue growth 5Y36.06%
Sales Q2Q%19.61%
Revenue Next Year21.43%
Revenue Next 2Y13.97%
Revenue Next 3Y14.79%
Revenue Next 5YN/A
EBIT growth 1Y22.91%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-3.22%
EBIT Next 3Y7.97%
EBIT Next 5YN/A
FCF growth 1Y108.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y108.14%
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 5 / 10 to VGP.BR.


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

ChartMill assigns a valuation rating of 4 / 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 5 / 10.


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

The Earnings per Share (EPS) of VGP (VGP.BR) is expected to decline by -44.62% in the next year.