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 66 industry peers in the Real Estate Management & Development industry. VGP has an average financial health and profitability rating. VGP has a decent growth rate and is not valued too expensively.
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.
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 93.94% of the companies in the same industry.
VGP has a Return On Equity of 11.96%. This is amongst the best in the industry. VGP outperforms 90.91% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.71%, VGP is in line with its industry, outperforming 50.00% of the companies in the same industry.
VGP had an Average Return On Invested Capital over the past 3 years of 0.69%. This is below the industry average of 3.78%.
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 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of VGP has declined.
VGP has a Operating Margin of 30.76%. This is in the better half of the industry: VGP outperforms 62.12% of its industry peers.
Looking at the Gross Margin, with a value of 86.35%, VGP belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
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
VGP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for VGP remains at a similar level compared to 1 year ago.
VGP has more shares outstanding than it did 5 years ago.
VGP has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.24, we must say that VGP is in the distress zone and has some risk of bankruptcy.
VGP has a Altman-Z score of 1.24. This is in the better half of the industry: VGP outperforms 65.15% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that VGP is somewhat dependend on debt financing.
VGP has a Debt to Equity ratio (0.81) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.24 |
ROIC/WACC0.14
WACC5.07%
2.3 Liquidity
A Current Ratio of 3.39 indicates that VGP has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.39, VGP belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
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.
Looking at the Quick ratio, with a value of 3.39, VGP belongs to the top of the industry, outperforming 89.39% 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.
The Earnings Per Share has been growing slightly by 0.23% on average over the past years.
VGP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.06%.
Measured over the past years, VGP shows a very strong growth in Revenue. The Revenue has been growing by 36.06% on average per year.
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
The Earnings Per Share is expected to decrease by -2.91% on average over the next years.
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 Year17.51%
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.
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
With a Price/Earnings ratio of 7.94, the valuation of VGP can be described as very cheap.
Based on the Price/Earnings ratio, VGP is valued cheaper than 87.88% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.34. VGP is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 17.87 indicates a rather expensive valuation of VGP.
Based on the Price/Forward Earnings ratio, VGP is valued a bit cheaper than 62.12% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VGP to the average of the S&P500 Index (22.19), we can say VGP is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.94 | ||
| Fwd PE | 17.87 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VGP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 83.07 |
4.3 Compensation for Growth
The decent profitability rating of VGP may justify a higher PE ratio.
VGP's earnings are expected to decrease with -2.91% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)34.22
EPS Next 2Y-8.09%
EPS Next 3Y-2.91%
5. Dividend
5.1 Amount
VGP has a Yearly Dividend Yield of 2.80%. Purely for dividend investing, there may be better candidates out there.
VGP's Dividend Yield is a higher than the industry average which is at 7.71.
VGP's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.8% |
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
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 (6/19/2025, 7:00:00 PM)
83.5
-0.3 (-0.36%)
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 Cap2.28B
Analysts76
Price Target94.96 (13.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.8% |
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)0.11%
PT rev (3m)2.08%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-46.84%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.94 | ||
| Fwd PE | 17.87 | ||
| P/S | 18.77 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.95 | ||
| P/tB | 0.95 | ||
| EV/EBITDA | 83.07 |
EPS(TTM)10.52
EY12.6%
EPS(NY)4.67
Fwd EY5.6%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)-0.17
OCFYN/A
SpS4.45
BVpS87.96
TBVpS87.93
PEG (NY)N/A
PEG (5Y)34.22
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 | 1.24 |
F-Score4
WACC5.07%
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 Year17.51%
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 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