VGP (VGP.BR) Stock Fundamental Analysis
EBR:VGP - Euronext Brussels - BE0003878957 - Common Stock - Currency: EUR
Overall VGP gets a fundamental rating of 5 out of 10. We evaluated VGP against 71 industry peers in the Real Estate Management & Development industry. VGP has only an average score on both its financial health and profitability. VGP may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make VGP suitable 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.
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
VGP has a better Return On Assets (4.25%) than 87.50% of its industry peers.
VGP has a better Return On Equity (8.61%) than 87.50% of its industry peers.
VGP has a Return On Invested Capital of 0.66%. This is comparable to the rest of the industry: VGP outperforms 44.64% of its industry peers.
| 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's Profit Margin of 197.92% is amongst the best of the industry. VGP outperforms 100.00% of its industry peers.
VGP's Profit Margin has declined in the last couple of years.
VGP has a Operating Margin of 37.21%. This is in the better half of the industry: VGP outperforms 64.29% 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 91.07% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VGP is destroying value.
VGP has about the same amout of shares outstanding than it did 1 year ago.
VGP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, VGP has an improved debt to assets ratio.
2.2 Solvency
VGP has an Altman-Z score of 1.18. This is a bad value and indicates that VGP is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.18, VGP is doing good in the industry, outperforming 69.64% of the companies in the same industry.
VGP has a Debt/Equity ratio of 0.86. This is a neutral value indicating VGP is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.86, VGP perfoms like the industry average, outperforming 46.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.18 |
ROIC/WACC0.14
WACC4.77%
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 85.71% of its industry peers.
A Quick Ratio of 3.08 indicates that VGP has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.08, VGP belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
| 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.
The earnings per share for VGP have been decreasing by -12.18% on average. This is quite bad
Looking at the last year, VGP shows a decrease in Revenue. The Revenue has decreased by -1.29% in the last year.
Measured over the past years, VGP shows a very strong growth in Revenue. The Revenue has been growing by 25.89% on average per year.
EPS 1Y (TTM)161.21%
EPS 3Y-43.2%
EPS 5Y-12.18%
EPS Q2Q%308.33%
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y48.06%
Revenue growth 5Y25.89%
Sales Q2Q%4.37%
3.2 Future
Based on estimates for the next years, VGP will show a small growth in Earnings Per Share. The EPS will grow by 7.76% on average per year.
VGP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.22% yearly.
EPS Next Y87.38%
EPS Next 2Y50.1%
EPS Next 3Y33.67%
EPS Next 5Y7.76%
Revenue Next Year0.27%
Revenue Next 2Y5.7%
Revenue Next 3Y6.35%
Revenue Next 5Y-5.22%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 11.31, the valuation of VGP can be described as very reasonable.
VGP's Price/Earnings ratio is rather cheap when compared to the industry. VGP is cheaper than 83.93% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.47. VGP is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 8.89, the valuation of VGP can be described as reasonable.
Based on the Price/Forward Earnings ratio, VGP is valued cheaper than 80.36% of the companies in the same industry.
VGP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.31 | ||
| Fwd PE | 8.89 |
4.2 Price Multiples
VGP's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 83.14 |
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.
The decent profitability rating of VGP may justify a higher PE ratio.
A more expensive valuation may be justified as VGP's earnings are expected to grow with 33.67% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y50.1%
EPS Next 3Y33.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.61%, VGP has a reasonable but not impressive dividend return.
VGP's Dividend Yield is a higher than the industry average which is at 7.48.
VGP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
5.2 History
The dividend of VGP is nicely growing with an annual growth rate of 9.03%!
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 2Y50.1%
EPS Next 3Y33.67%
VGP
EBR:VGP (2/5/2025, 3:30:15 PM)
80.4
+0.7 (+0.88%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners14.72%
Inst Owner ChangeN/A
Ins Owners50.96%
Ins Owner ChangeN/A
Market Cap2.19B
Analysts67.5
Price Target94.4 (17.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
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)-9.83%
PT rev (3m)-14.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-15.86%
EPS NY rev (3m)-15.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-10.76%
Revenue NY rev (3m)-10.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.31 | ||
| Fwd PE | 8.89 | ||
| P/S | 22.37 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.97 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 83.14 |
EPS(TTM)7.11
EY8.84%
EPS(NY)9.04
Fwd EY11.25%
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 | 1.18 |
F-Score4
WACC4.77%
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%308.33%
EPS Next Y87.38%
EPS Next 2Y50.1%
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 Year0.27%
Revenue Next 2Y5.7%
Revenue Next 3Y6.35%
Revenue Next 5Y-5.22%
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