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 69 industry peers in the Real Estate Management & Development industry. VGP has an average financial health and profitability rating. VGP may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make VGP a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year VGP was profitable.
VGP had a negative operating cash flow in the past year.
Of the past 5 years VGP 4 years were profitable.
In the past 5 years VGP always reported negative operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.25%, VGP belongs to the top of the industry, outperforming 88.00% of the companies in the same industry.
With an excellent Return On Equity value of 8.61%, VGP belongs to the best of the industry, outperforming 88.00% of the companies in the same industry.
With a Return On Invested Capital value of 0.66%, VGP perfoms like the industry average, outperforming 54.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 8.61% | ||
| ROIC | 0.66% |
ROA(3y)5.4%
ROA(5y)9.1%
ROE(3y)9.42%
ROE(5y)17.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
VGP has a Profit Margin of 197.92%. This is amongst the best in the industry. VGP outperforms 98.67% of its industry peers.
In the last couple of years the Profit Margin of VGP has declined.
VGP has a better Operating Margin (37.21%) than 72.00% of its industry peers.
In the last couple of years the Operating Margin of VGP has grown nicely.
VGP has a Gross Margin of 95.69%. This is amongst the best in the industry. VGP outperforms 93.33% of its industry peers.
In the last couple of years the Gross Margin of VGP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.21% | ||
| PM (TTM) | 197.92% | ||
| GM | 95.69% |
OM growth 3YN/A
OM growth 5Y12.46%
PM growth 3Y-58.3%
PM growth 5Y-25.6%
GM growth 3Y3.25%
GM growth 5Y2.06%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VGP is destroying value.
VGP has about the same amout of shares outstanding than it did 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.
2.2 Solvency
VGP has an Altman-Z score of 1.16. This is a bad value and indicates that VGP is not financially healthy and even has some risk of bankruptcy.
VGP has a Altman-Z score of 1.16. This is in the better half of the industry: VGP outperforms 76.00% of its industry peers.
VGP has a Debt/Equity ratio of 0.86. This is a neutral value indicating VGP is somewhat dependend on debt financing.
VGP's Debt to Equity ratio of 0.86 is in line compared to the rest of the industry. VGP outperforms 54.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.16 |
ROIC/WACC0.14
WACC4.87%
2.3 Liquidity
VGP has a Current Ratio of 3.08. This indicates that VGP is financially healthy and has no problem in meeting its short term obligations.
VGP has a Current ratio of 3.08. This is amongst the best in the industry. VGP outperforms 85.33% of its industry peers.
A Quick Ratio of 3.08 indicates that VGP has no problem at all paying its short term obligations.
VGP has a Quick ratio of 3.08. This is amongst the best in the industry. VGP outperforms 90.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 161.21% over the past year.
VGP shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -12.18% yearly.
VGP shows a decrease in Revenue. In the last year, the revenue decreased by -1.29%.
The Revenue has been growing by 25.89% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)161.21%
EPS 3Y-43.2%
EPS 5Y-12.18%
EPS Q2Q%308.32%
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y48.06%
Revenue growth 5Y25.89%
Sales Q2Q%4.37%
3.2 Future
The Earnings Per Share is expected to grow by 7.76% on average over the next years.
The Revenue is expected to decrease by -0.31% on average over the next years.
EPS Next Y80.42%
EPS Next 2Y47.99%
EPS Next 3Y33.67%
EPS Next 5Y7.76%
Revenue Next Year-0.24%
Revenue Next 2Y5.22%
Revenue Next 3Y2.69%
Revenue Next 5Y-0.31%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
A Price/Earnings ratio of 10.80 indicates a reasonable valuation of VGP.
86.67% of the companies in the same industry are more expensive than VGP, based on the Price/Earnings ratio.
VGP is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 8.74, the valuation of VGP can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VGP indicates a rather cheap valuation: VGP is cheaper than 86.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, VGP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 8.74 |
4.2 Price Multiples
VGP's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 81.34 |
4.3 Compensation for Growth
VGP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VGP has a very decent profitability rating, which may justify a higher PE ratio.
VGP's earnings are expected to grow with 33.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y47.99%
EPS Next 3Y33.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.12%, VGP has a reasonable but not impressive dividend return.
VGP's Dividend Yield is a higher than the industry average which is at 7.29.
Compared to an average S&P500 Dividend Yield of 2.33, VGP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.12% |
5.2 History
On average, the dividend of VGP grows each year by 9.03%, which is quite nice.
Dividend Growth(5Y)9.03%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
52.01% of the earnings are spent on dividend by VGP. This is a bit on the high side, but may be sustainable.
The dividend of VGP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.01%
EPS Next 2Y47.99%
EPS Next 3Y33.67%
EBR:VGP (3/7/2025, 7:00:00 PM)
76.8
+2.7 (+3.64%)
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 Cap2.10B
Analysts69.33
Price Target93.02 (21.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.12% |
Yearly Dividend2.75
Dividend Growth(5Y)9.03%
DP52.01%
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)-1.45%
PT rev (3m)-11.54%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.72%
EPS NY rev (3m)-18.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.51%
Revenue NY rev (3m)-11.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 8.74 | ||
| P/S | 21.36 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | 81.34 |
EPS(TTM)7.11
EY9.26%
EPS(NY)8.79
Fwd EY11.45%
FCF(TTM)-0.56
FCFYN/A
OCF(TTM)-0.56
OCFYN/A
SpS3.59
BVpS82.63
TBVpS82.6
PEG (NY)0.13
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 8.61% | ||
| ROCE | 0.86% | ||
| ROIC | 0.66% | ||
| ROICexc | 0.78% | ||
| ROICexgc | 0.78% | ||
| OM | 37.21% | ||
| PM (TTM) | 197.92% | ||
| GM | 95.69% | ||
| FCFM | N/A |
ROA(3y)5.4%
ROA(5y)9.1%
ROE(3y)9.42%
ROE(5y)17.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y6.78%
ROICexc growth 3YN/A
ROICexc growth 5Y6.78%
OM growth 3YN/A
OM growth 5Y12.46%
PM growth 3Y-58.3%
PM growth 5Y-25.6%
GM growth 3Y3.25%
GM growth 5Y2.06%
F-Score4
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 44.23 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.68 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 | ||
| Altman-Z | 1.16 |
F-Score4
WACC4.87%
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)161.21%
EPS 3Y-43.2%
EPS 5Y-12.18%
EPS Q2Q%308.32%
EPS Next Y80.42%
EPS Next 2Y47.99%
EPS Next 3Y33.67%
EPS Next 5Y7.76%
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y48.06%
Revenue growth 5Y25.89%
Sales Q2Q%4.37%
Revenue Next Year-0.24%
Revenue Next 2Y5.22%
Revenue Next 3Y2.69%
Revenue Next 5Y-0.31%
EBIT growth 1Y-24.45%
EBIT growth 3YN/A
EBIT growth 5Y41.57%
EBIT Next Year82.42%
EBIT Next 3Y33.17%
EBIT Next 5Y32.96%
FCF growth 1Y87.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.49%
OCF growth 3YN/A
OCF growth 5YN/A