CORP INMOBILIARIA VESTA-ADR (VTMX) Stock Fundamental Analysis
NYSE:VTMX - New York Stock Exchange, Inc. - US92540K1097 - ADR - Currency: USD
VTMX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 65 industry peers in the Real Estate Management & Development industry. VTMX has an excellent profitability rating, but there are some minor concerns on its financial health. VTMX has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year VTMX was profitable.
In the past year VTMX had a positive cash flow from operations.
In the past 5 years VTMX has always been profitable.
VTMX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VTMX has a Return On Assets of 2.92%. This is amongst the best in the industry. VTMX outperforms 83.08% of its industry peers.
VTMX's Return On Equity of 4.52% is fine compared to the rest of the industry. VTMX outperforms 75.38% of its industry peers.
VTMX has a better Return On Invested Capital (3.54%) than 72.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VTMX is below the industry average of 5.55%.
The last Return On Invested Capital (3.54%) for VTMX is above the 3 year average (3.29%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.92% | ||
| ROE | 4.52% | ||
| ROIC | 3.54% |
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 has a better Profit Margin (43.82%) than 100.00% of its industry peers.
VTMX's Profit Margin has been stable in the last couple of years.
VTMX's Operating Margin of 77.88% is amongst the best of the industry. VTMX outperforms 100.00% of its industry peers.
VTMX's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 90.23%, VTMX belongs to the top of the industry, outperforming 95.38% of the companies in the same industry.
VTMX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 77.88% | ||
| PM (TTM) | 43.82% | ||
| GM | 90.23% |
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%
2. Health
2.1 Basic Checks
VTMX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
VTMX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, VTMX has more shares outstanding
Compared to 1 year ago, VTMX has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.74, we must say that VTMX is in the distress zone and has some risk of bankruptcy.
VTMX has a Altman-Z score (1.74) which is in line with its industry peers.
VTMX has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of VTMX (0.32) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.74 |
ROIC/WACC0.32
WACC11.24%
2.3 Liquidity
VTMX has a Current Ratio of 3.25. This indicates that VTMX is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 3.25, VTMX is doing good in the industry, outperforming 78.46% of the companies in the same industry.
A Quick Ratio of 3.25 indicates that VTMX has no problem at all paying its short term obligations.
VTMX's Quick ratio of 3.25 is amongst the best of the industry. VTMX outperforms 81.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.25 | ||
| Quick Ratio | 3.25 |
3. Growth
3.1 Past
VTMX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.54%.
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.
The Revenue has decreased by -5.91% in the past 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)-36.54%
EPS 3Y6.69%
EPS 5Y6.4%
EPS Q2Q%21.43%
Revenue 1Y (TTM)-5.91%
Revenue growth 3Y16.21%
Revenue growth 5Y11.82%
Sales Q2Q%10.68%
3.2 Future
VTMX is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.91% yearly.
Based on estimates for the next years, VTMX will show a small growth in Revenue. The Revenue will grow by 6.03% on average per year.
EPS Next Y-39.71%
EPS Next 2Y-14.69%
EPS Next 3Y-18.1%
EPS Next 5Y-13.91%
Revenue Next Year13.51%
Revenue Next 2Y12.66%
Revenue Next 3Y9.16%
Revenue Next 5Y6.03%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
The Price/Earnings ratio is 8.75, which indicates a very decent valuation of VTMX.
90.77% of the companies in the same industry are more expensive than VTMX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.60. VTMX is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 13.21 indicates a correct valuation of VTMX.
VTMX's Price/Forward Earnings ratio is rather cheap when compared to the industry. VTMX is cheaper than 90.77% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.43, VTMX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.75 | ||
| Fwd PE | 13.21 |
4.2 Price Multiples
76.92% of the companies in the same industry are more expensive than VTMX, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.02 |
4.3 Compensation for Growth
VTMX has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as VTMX's earnings are expected to decrease with -18.10% in the coming years.
PEG (NY)N/A
PEG (5Y)1.37
EPS Next 2Y-14.69%
EPS Next 3Y-18.1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.60%, VTMX has a reasonable but not impressive dividend return.
VTMX's Dividend Yield is rather good when compared to the industry average which is at 3.67. 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 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.6% |
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
VTMX pays out 57.04% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of VTMX has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP57.04%
EPS Next 2Y-14.69%
EPS Next 3Y-18.1%
29.59
+0.31 (+1.06%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners39.44%
Inst Owner Change2.09%
Ins Owners1.78%
Ins Owner ChangeN/A
Market Cap2.50B
Analysts80
Price Target28.48 (-3.75%)
Short Float %1.79%
Short Ratio6.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.6% |
Yearly Dividend0.07
Dividend Growth(5Y)1.01%
DP57.04%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-20.65%
Min EPS beat(2)-303.32%
Max EPS beat(2)262.03%
EPS beat(4)3
Avg EPS beat(4)93.97%
Min EPS beat(4)-303.32%
Max EPS beat(4)262.03%
EPS beat(8)7
Avg EPS beat(8)158.1%
EPS beat(12)11
Avg EPS beat(12)139.03%
EPS beat(16)14
Avg EPS beat(16)138.34%
Revenue beat(2)0
Avg Revenue beat(2)-5.36%
Min Revenue beat(2)-6.58%
Max Revenue beat(2)-4.15%
Revenue beat(4)0
Avg Revenue beat(4)-4.01%
Min Revenue beat(4)-6.58%
Max Revenue beat(4)-1.42%
Revenue beat(8)1
Avg Revenue beat(8)-3.31%
Revenue beat(12)4
Avg Revenue beat(12)5.89%
Revenue beat(16)7
Avg Revenue beat(16)10.71%
PT rev (1m)17.66%
PT rev (3m)7.56%
EPS NQ rev (1m)9.89%
EPS NQ rev (3m)4.84%
EPS NY rev (1m)2.29%
EPS NY rev (3m)2.6%
Revenue NQ rev (1m)-1.27%
Revenue NQ rev (3m)-3.49%
Revenue NY rev (1m)-4.45%
Revenue NY rev (3m)-3.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.75 | ||
| Fwd PE | 13.21 | ||
| P/S | 9.67 | ||
| P/FCF | N/A | ||
| P/OCF | 18.03 | ||
| P/B | 1 | ||
| P/tB | 1 | ||
| EV/EBITDA | 16.02 |
EPS(TTM)3.38
EY11.42%
EPS(NY)2.24
Fwd EY7.57%
FCF(TTM)-1.4
FCFYN/A
OCF(TTM)1.64
OCFY5.55%
SpS3.06
BVpS29.62
TBVpS29.62
PEG (NY)N/A
PEG (5Y)1.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.92% | ||
| ROE | 4.52% | ||
| ROCE | 5.23% | ||
| ROIC | 3.54% | ||
| ROICexc | 3.59% | ||
| ROICexgc | 3.59% | ||
| OM | 77.88% | ||
| PM (TTM) | 43.82% | ||
| GM | 90.23% | ||
| 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-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.92 | ||
| Cap/Depr | 14923.7% | ||
| Cap/Sales | 99.47% | ||
| Interest Coverage | 4.76 | ||
| Cash Conversion | 68.3% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.25 | ||
| Quick Ratio | 3.25 | ||
| Altman-Z | 1.74 |
F-Score4
WACC11.24%
ROIC/WACC0.32
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)-36.54%
EPS 3Y6.69%
EPS 5Y6.4%
EPS Q2Q%21.43%
EPS Next Y-39.71%
EPS Next 2Y-14.69%
EPS Next 3Y-18.1%
EPS Next 5Y-13.91%
Revenue 1Y (TTM)-5.91%
Revenue growth 3Y16.21%
Revenue growth 5Y11.82%
Sales Q2Q%10.68%
Revenue Next Year13.51%
Revenue Next 2Y12.66%
Revenue Next 3Y9.16%
Revenue Next 5Y6.03%
EBIT growth 1Y-7.14%
EBIT growth 3Y14.8%
EBIT growth 5Y10.56%
EBIT Next Year21.89%
EBIT Next 3Y10.43%
EBIT Next 5Y11.71%
FCF growth 1Y21.32%
FCF growth 3Y6.48%
FCF growth 5Y4.91%
OCF growth 1Y52.26%
OCF growth 3Y6.57%
OCF growth 5Y4.67%