CORP INMOBILIARIA VESTA-ADR (VTMX) Stock Fundamental Analysis
NYSE:VTMX - US92540K1097 - ADR
27.61 USD
+0.15 (+0.55%)
27.61 USD
0 (0%)
Taking everything into account, VTMX scores 5 out of 10 in our fundamental rating. VTMX was compared to 65 industry peers in the Real Estate Management & Development industry. While VTMX has a great profitability rating, there are some minor concerns on its financial health. VTMX has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
VTMX had positive earnings in the past year.
In the past year VTMX had a positive cash flow from operations.
In the past 5 years VTMX has always been profitable.
Each year in the past 5 years VTMX had a positive operating cash flow.
1.2 Ratios
VTMX's Return On Assets of 0.79% is fine compared to the rest of the industry. VTMX outperforms 66.15% of its industry peers.
VTMX has a better Return On Equity (1.25%) than 69.23% of its industry peers.
VTMX has a Return On Invested Capital of 3.52%. This is in the better half of the industry: VTMX outperforms 69.23% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VTMX is below the industry average of 6.48%.
The last Return On Invested Capital (3.52%) for VTMX is above the 3 year average (3.29%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.79% | ||
| ROE | 1.25% | ||
| ROIC | 3.52% |
ROA(3y)7.41%
ROA(5y)6.3%
ROE(3y)12.06%
ROE(5y)10.84%
ROIC(3y)3.29%
ROIC(5y)3.37%
1.3 Margins
VTMX's Profit Margin of 12.09% is amongst the best of the industry. VTMX outperforms 84.62% of its industry peers.
In the last couple of years the Profit Margin of VTMX has remained more or less at the same level.
With an excellent Operating Margin value of 78.82%, VTMX belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
VTMX's Operating Margin has been stable in the last couple of years.
VTMX's Gross Margin of 90.26% is amongst the best of the industry. VTMX outperforms 95.38% of its industry peers.
VTMX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 78.82% | ||
| PM (TTM) | 12.09% | ||
| GM | 90.26% |
OM growth 3Y-1.21%
OM growth 5Y-1.13%
PM growth 3Y-6.47%
PM growth 5Y-1.04%
GM growth 3Y-1.11%
GM growth 5Y-0.89%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VTMX is destroying value.
VTMX has less shares outstanding than it did 1 year ago.
VTMX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, VTMX has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.61, we must say that VTMX is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VTMX (1.61) is comparable to the rest of the industry.
VTMX has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
VTMX's Debt to Equity ratio of 0.35 is fine compared to the rest of the industry. VTMX outperforms 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.61 |
ROIC/WACC0.28
WACC12.42%
2.3 Liquidity
VTMX has a Current Ratio of 5.75. This indicates that VTMX is financially healthy and has no problem in meeting its short term obligations.
VTMX has a Current ratio of 5.75. This is amongst the best in the industry. VTMX outperforms 87.69% of its industry peers.
VTMX has a Quick Ratio of 5.75. This indicates that VTMX is financially healthy and has no problem in meeting its short term obligations.
VTMX's Quick ratio of 5.75 is amongst the best of the industry. VTMX outperforms 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.75 | ||
| Quick Ratio | 5.75 |
3. Growth
3.1 Past
The earnings per share for VTMX have decreased strongly by -82.00% in the last year.
Measured over the past 5 years, VTMX shows a small growth in Earnings Per Share. The EPS has been growing by 6.40% on average per year.
Looking at the last year, VTMX shows a quite strong growth in Revenue. The Revenue has grown by 11.49% in the last year.
Measured over the past years, VTMX shows a quite strong growth in Revenue. The Revenue has been growing by 11.82% on average per year.
EPS 1Y (TTM)-82%
EPS 3Y6.69%
EPS 5Y6.4%
EPS Q2Q%-75%
Revenue 1Y (TTM)11.49%
Revenue growth 3Y16.21%
Revenue growth 5Y11.82%
Sales Q2Q%6.76%
3.2 Future
Based on estimates for the next years, VTMX will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.91% on average per year.
The Revenue is expected to grow by 6.02% on average over the next years.
EPS Next Y-34.51%
EPS Next 2Y-15.98%
EPS Next 3Y-7.04%
EPS Next 5Y-13.91%
Revenue Next Year11.63%
Revenue Next 2Y11.34%
Revenue Next 3Y8.77%
Revenue Next 5Y6.02%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 30.01, which means the current valuation is very expensive for VTMX.
Based on the Price/Earnings ratio, VTMX is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
VTMX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.90.
The Price/Forward Earnings ratio is 12.78, which indicates a correct valuation of VTMX.
Based on the Price/Forward Earnings ratio, VTMX is valued cheaper than 93.85% of the companies in the same industry.
VTMX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.01 | ||
| Fwd PE | 12.78 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VTMX is valued a bit cheaper than 78.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.11 |
4.3 Compensation for Growth
VTMX has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as VTMX's earnings are expected to decrease with -7.04% in the coming years.
PEG (NY)N/A
PEG (5Y)4.69
EPS Next 2Y-15.98%
EPS Next 3Y-7.04%
5. Dividend
5.1 Amount
VTMX has a Yearly Dividend Yield of 2.67%.
VTMX's Dividend Yield is rather good when compared to the industry average which is at 3.43. VTMX pays more dividend than 93.85% of the companies in the same industry.
VTMX's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.67% |
5.2 History
The dividend of VTMX has a limited annual growth rate of 1.01%.
VTMX has been paying a dividend for over 5 years, so it has already some track record.
The dividend of VTMX decreased in the last 3 years.
Dividend Growth(5Y)1.01%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
207.14% of the earnings are spent on dividend by VTMX. This is not a sustainable payout ratio.
The Dividend Rate of VTMX has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP207.14%
EPS Next 2Y-15.98%
EPS Next 3Y-7.04%
27.61
+0.15 (+0.55%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners37.65%
Inst Owner Change-19.32%
Ins Owners1.78%
Ins Owner ChangeN/A
Market Cap2.34B
Analysts80
Price Target29.41 (6.52%)
Short Float %0.67%
Short Ratio4.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.67% |
Yearly Dividend0.07
Dividend Growth(5Y)1.01%
DP207.14%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-46.51%
Min EPS beat(2)-57.41%
Max EPS beat(2)-35.62%
EPS beat(4)1
Avg EPS beat(4)-43.87%
Min EPS beat(4)-303.32%
Max EPS beat(4)220.86%
EPS beat(8)5
Avg EPS beat(8)92.13%
EPS beat(12)9
Avg EPS beat(12)102.46%
EPS beat(16)12
Avg EPS beat(16)93.53%
Revenue beat(2)0
Avg Revenue beat(2)-7.18%
Min Revenue beat(2)-7.84%
Max Revenue beat(2)-6.51%
Revenue beat(4)0
Avg Revenue beat(4)-5.6%
Min Revenue beat(4)-7.84%
Max Revenue beat(4)-3.9%
Revenue beat(8)1
Avg Revenue beat(8)-3.66%
Revenue beat(12)3
Avg Revenue beat(12)-2.62%
Revenue beat(16)6
Avg Revenue beat(16)4.02%
PT rev (1m)9.77%
PT rev (3m)3.26%
EPS NQ rev (1m)-0.56%
EPS NQ rev (3m)-3.22%
EPS NY rev (1m)8.03%
EPS NY rev (3m)8.04%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)-5.42%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-1.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.01 | ||
| Fwd PE | 12.78 | ||
| P/S | 8.88 | ||
| P/FCF | N/A | ||
| P/OCF | 13.78 | ||
| P/B | 0.92 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 15.11 |
EPS(TTM)0.92
EY3.33%
EPS(NY)2.16
Fwd EY7.82%
FCF(TTM)-1.24
FCFYN/A
OCF(TTM)2
OCFY7.26%
SpS3.11
BVpS30.06
TBVpS30.06
PEG (NY)N/A
PEG (5Y)4.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.79% | ||
| ROE | 1.25% | ||
| ROCE | 5.19% | ||
| ROIC | 3.52% | ||
| ROICexc | 3.57% | ||
| ROICexgc | 3.57% | ||
| OM | 78.82% | ||
| PM (TTM) | 12.09% | ||
| GM | 90.26% | ||
| FCFM | N/A |
ROA(3y)7.41%
ROA(5y)6.3%
ROE(3y)12.06%
ROE(5y)10.84%
ROIC(3y)3.29%
ROIC(5y)3.37%
ROICexc(3y)3.57%
ROICexc(5y)3.71%
ROICexgc(3y)3.57%
ROICexgc(5y)3.71%
ROCE(3y)4.86%
ROCE(5y)4.98%
ROICexcg growth 3Y-2.74%
ROICexcg growth 5Y-2.23%
ROICexc growth 3Y-2.74%
ROICexc growth 5Y-2.23%
OM growth 3Y-1.21%
OM growth 5Y-1.13%
PM growth 3Y-6.47%
PM growth 5Y-1.04%
GM growth 3Y-1.11%
GM growth 5Y-0.89%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.28 | ||
| Cap/Depr | 16245% | ||
| Cap/Sales | 104.43% | ||
| Interest Coverage | 4.81 | ||
| Cash Conversion | 81.08% | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.75 | ||
| Quick Ratio | 5.75 | ||
| Altman-Z | 1.61 |
F-Score5
WACC12.42%
ROIC/WACC0.28
Cap/Depr(3y)62.97%
Cap/Depr(5y)51.65%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.4%
Profit Quality(3y)43.19%
Profit Quality(5y)67.69%
High Growth Momentum
Growth
EPS 1Y (TTM)-82%
EPS 3Y6.69%
EPS 5Y6.4%
EPS Q2Q%-75%
EPS Next Y-34.51%
EPS Next 2Y-15.98%
EPS Next 3Y-7.04%
EPS Next 5Y-13.91%
Revenue 1Y (TTM)11.49%
Revenue growth 3Y16.21%
Revenue growth 5Y11.82%
Sales Q2Q%6.76%
Revenue Next Year11.63%
Revenue Next 2Y11.34%
Revenue Next 3Y8.77%
Revenue Next 5Y6.02%
EBIT growth 1Y13.19%
EBIT growth 3Y14.8%
EBIT growth 5Y10.56%
EBIT Next Year16.36%
EBIT Next 3Y10.38%
EBIT Next 5Y11.71%
FCF growth 1Y29.14%
FCF growth 3Y6.48%
FCF growth 5Y4.91%
OCF growth 1Y67.93%
OCF growth 3Y6.57%
OCF growth 5Y4.67%