View ValuationVGP 将来の成長Future 基準チェック /26VGP利益と収益がそれぞれ年間12%と16.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に7.5% 7.1%なると予測されています。主要情報12.0%収益成長率7.08%EPS成長率Real Estate 収益成長3.2%収益成長率16.6%将来の株主資本利益率7.54%アナリストカバレッジLow最終更新日29 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 08VGP NV has filed a Follow-on Equity Offering in the amount of €250 million.VGP NV has filed a Follow-on Equity Offering in the amount of €250 million. Security Name: Ordinary Shares Security Type: Common Stock Transaction Features: Rule 144Aお知らせ • Apr 10VGP NV, Annual General Meeting, May 08, 2026VGP NV, Annual General Meeting, May 08, 2026, at 07:00 Romance Standard Time. Location: at the mills, molenstraat 54, 2018 antwerp, Belgiumお知らせ • Feb 20VGP NV Proposes Ordinary Dividend for the Year Ended December 31, 2025VGP NV's board of directors proposes an ordinary dividend of €92.8 million (+ 3% versus ordinary dividend of ‘24), or €3.40 per share for the year ended December 31, 2025.お知らせ • Nov 08VGP NV to Report Fiscal Year 2025 Results on Apr 08, 2026VGP NV announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Apr 08, 2026お知らせ • Nov 07+ 1 more updateVGP NV to Report First Half, 2026 Results on Aug 20, 2026VGP NV announced that they will report first half, 2026 results on Aug 20, 2026お知らせ • Feb 22VGP NV Proposes Dividend for Year Ended 31 of December 2024The board of directors of VGP NV proposed an ordinary dividend of €90 million (+ 12% versus ordinary dividend of ‘24), or €3.30 per share.お知らせ • Nov 11+ 2 more updatesVGP NV to Report First Half, 2025 Results on Aug 21, 2025VGP NV announced that they will report first half, 2025 results on Aug 21, 2025Reported Earnings • Aug 26First half 2024 earnings released: EPS: €5.19 (vs €1.27 in 1H 2023)First half 2024 results: EPS: €5.19 (up from €1.27 in 1H 2023). Revenue: €85.6m (up 132% from 1H 2023). Net income: €141.5m (up 308% from 1H 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.Declared Dividend • May 20Dividend of €2.59 announcedShareholders will receive a dividend of €2.59. Ex-date: 22nd May 2024 Payment date: 24th May 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.5% to bring the payout ratio under control. EPS is expected to grow by 145% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • May 11VGP NV Approves Dividend for the Financial Year Ended 31 December 2023, Payable on May 24, 2024VGP NV held its Annual and Special Shareholders’ Meetings on May 10, 2024. The annual shareholder’s meeting approved the payment of a gross dividend for a total amount of €100,977,854.40 which corresponds to an amount of €3.70 per share in relation to the financial year ending 31 December 2023 and approved to delegate the determination of the payment date as well as all other formalities relating to the payment of the dividend to the board of directors. The dividend payable on May 24, 2024 to the shareholders recorded on May 23, 2024 and Ex-date dividend is May 22, 2024.Reported Earnings • Feb 28Full year 2023 earnings releasedFull year 2023 results: Revenue: €146.4m (up 10% from FY 2022). Net income: €87.3m (up €209.8m from FY 2022). Profit margin: 60% (up from net loss in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.お知らせ • Nov 17+ 3 more updatesVGP NV to Report Fiscal Year 2023 Final Results on Apr 09, 2024VGP NV announced that they will report fiscal year 2023 final results on Apr 09, 2024Reported Earnings • Aug 27First half 2023 earnings released: EPS: €1.27 (vs €7.01 in 1H 2022)First half 2023 results: EPS: €1.27 (down from €7.01 in 1H 2022). Revenue: €37.0m (down 40% from 1H 2022). Net income: €34.7m (down 77% from 1H 2022). Profit margin: 94% (down from 248% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • May 25VGP NV (ENXTBR:VGP) and Pimco Prime Real Estate agreed to acquire logistics portfolio of 11 buildings from VGP European Logistics 2 S.à r.l.VGP NV (ENXTBR:VGP) and Pimco Prime Real Estate agreed to acquire logistics portfolio of 11 buildings from VGP European Logistics 2 S.à r.l. on May 24, 2023. The transaction with VGP European Logistics 2 will be the 4th closing between VGP and this joint venture and amounts to a value of €253 million with gross proceeds of €197 million. The transaction, which is due to close in the first half of June.Upcoming Dividend • May 17Upcoming dividend of €1.93 per share at 3.0% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%).お知らせ • May 13VGP NV Approves Gross Dividend in Relation to the Financial Year Ending 31 December 2022, Payable on May 26, 2023The Annual Shareholders’ Meeting of VGP NV approved the payment of a gross dividend for a total amount of EUR 75,051,108.00 which corresponds to a gross dividend of EUR 2.75 per share (EUR 1.925 net dividend per share) in relation to the financial year ending 31 December 2022 and approved the delegation of the determination of the payment date as well as all other formalities relating to the payment of the dividend to the Board of Directors. Ex-dividend date is 24 May 2023, Registration date is 25 May 2023, Dividend payment date is 26 May 2023.Reported Earnings • Apr 15Full year 2022 earnings released: €5.49 loss per share (vs €31.41 profit in FY 2021)Full year 2022 results: €5.49 loss per share (down from €31.41 profit in FY 2021). Revenue: €133.0m (up 236% from FY 2021). Net loss: €122.5m (down 119% from profit in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 35% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.Reported Earnings • Feb 24Full year 2022 earnings released: €5.49 loss per share (vs €31.41 profit in FY 2021)Full year 2022 results: €5.49 loss per share (down from €31.41 profit in FY 2021). Revenue: €72.8m (up 87% from FY 2021). Net loss: €122.5m (down 119% from profit in FY 2021). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.お知らせ • Jan 03VGP Completes Latest Development at Nijmegen Logistics ParkVGP announced that it has completed its most recent development of VGP Park Nijmegen, and officially handed it over to its client. This project has circa 62,000 m² gross lettable area, of which circa 59,000 m2 of warehouse space and circa 3,000 m² of space for offices and a mezzanine. The total GLA of VGP Park Nijmegen is around 207,000 m2. Next to this, VGP has an additional land pipeline at the park of 28 ha for new developments. VGP Park Nijmegen, located on Park 15 in Oosterhout (Gld.) is a strategically situated location between the cities of Arnhem and Nijmegen, directly on the A15 motorway and close to the German border. Other major motorways, such as the A73 and A50, are nearby and transport by rail or over the river Waal is also possible due to proximity of BCTN Nijmegen terminal. VGP Park Nijmegen, named after the nearest large city for international recognition, is part of the development known as Bedrijvenpark Park 15 Logistics. The park is built to the latest sustainability standards. It accommodates a rooftop photovoltaic system with a capacity of 17.6 MWp. In addition, the location benefits from a water retention reservoir and other sustainability and biodiversity features in line with BREEAM quality certification. After launching VGP in the Benelux in 2018 with the first land acquisition for the Netherlands, VGP has already developed and delivered over 249,000 m2 GLA of warehouses and offices at their VGP Park Nijmegen (Oosterhout Gld.) and VGP Park Roosendaal. With another fully permitted development of circa 19,500 m2 GLA at VGP Park Nijmegen, a pre-let development of circa 9,250 m² GLA at VGP Park Roosendaal, as well as the upcoming XXL-developments at VGP Park Moerdijk, VGP is building tomorrow. VGP was advised by JLL for the lease agreement, and Willy Naessens Netherlands has constructed the project as general contractor.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Non Executive Independent Director Ann Gaeremynck was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to €84.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Real Estate industry in Germany. Total returns to shareholders of 1.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.13 per share.お知らせ • Nov 01+ 1 more updateVGP NV to Report Fiscal Year 2022 Results on Feb 23, 2023VGP NV announced that they will report fiscal year 2022 results on Feb 23, 2023Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to €78.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Real Estate industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.67 per share.Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €91.70, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Germany. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €67.48 per share.Valuation Update With 7 Day Price Move • Sep 03Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €138, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Real Estate industry in Germany. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €129 per share.Reported Earnings • Aug 27First half 2022 earnings released: EPS: €7.01 (vs €9.90 in 1H 2021)First half 2022 results: EPS: €7.01 (down from €9.90 in 1H 2021). Revenue: €29.1m (up 83% from 1H 2021). Net income: €153.1m (down 25% from 1H 2021). Over the next year, revenue is forecast to grow 79% compared to a 47% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Non Executive Independent Director Ann Gaeremynck was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 17Upcoming dividend of €4.80 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.2%).Reported Earnings • Apr 16Full year 2021 earnings released: EPS: €31.41 (vs €18.58 in FY 2020)Full year 2021 results: EPS: €31.41 (up from €18.58 in FY 2020). Revenue: €39.0m (down 7.3% from FY 2020). Net income: €650.1m (up 75% from FY 2020). Over the next year, revenue is forecast to grow 155% compared to a 33% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 46% per year.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €188, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Real Estate industry in Germany. Total returns to shareholders of 190% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €198 per share.Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €31.41 (up from €18.58 in FY 2020). Revenue: €225.6m (up 437% from FY 2020). Net income: €650.1m (up 75% from FY 2020). Revenue exceeded analyst estimates by 7.2%. Over the next year, revenue is expected to shrink by 56% compared to a 27% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year and the company’s share price has also increased by 48% per year.Reported Earnings • Sep 03First half 2021 earnings released: EPS €9.90 (vs €10.19 in 1H 2020)First half 2021 results: Revenue: €15.9m (down 28% from 1H 2020). Net income: €203.8m (up 3.5% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 46% per year.Upcoming Dividend • May 14Upcoming dividend of €2.56 per shareEligible shareholders must have bought the stock before 21 May 2021. Payment date: 25 May 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.2%).Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 80% compared to a 31% decline forecast for the Real Estate industry in Germany.Reported Earnings • Feb 28Full year 2020 earnings releasedFull year 2020 results: Revenue: €26.8m (down 70% from FY 2019). Net income: €370.9m (up 80% from FY 2019).Is New 90 Day High Low • Feb 03New 90-day high: €151The company is up 28% from its price of €118 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.31 per share.Is New 90 Day High Low • Jan 18New 90-day high: €130The company is up 8.0% from its price of €120 on 20 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.84 per share.Is New 90 Day High Low • Nov 20New 90-day high: €127The company is up 7.0% from its price of €119 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.58 per share.Is New 90 Day High Low • Oct 29New 90-day low: €114The company is down 1.0% from its price of €116 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.78 per share.業績と収益の成長予測DB:4V1 - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028334427-50337212/31/2027299405-142299212/31/2026269367-123243212/31/20251922905151N/A9/30/20251783085151N/A6/30/202516532655N/A3/31/2025155306-5-5N/A12/31/20241452873333N/A9/30/2024170241-2-2N/A6/30/2024195194-38-38N/A3/31/2024171141-33-33N/A12/31/202314687-27-27N/A9/30/2023127-77-30-30N/A6/30/2023108-241-33-33N/A3/31/2023121-182-52-52N/A12/31/2022133-123-71-71N/A9/30/2022109238-96-96N/A6/30/202285599-121-121N/A3/31/202263625-104-104N/A12/31/202140650-87-87N/A9/30/202138514-69-69N/A6/30/202136378-50-50N/A3/31/202139374-51-51N/A12/31/202042371-52-52N/A9/30/202039349-53-53N/A6/30/202037328-53-53N/A3/31/202032267-41-41N/A12/31/201927206-29-29N/A9/30/201937163N/A-36N/A6/30/201946121N/A-43N/A3/31/201959121N/A-47N/A12/31/201872121N/A-51N/A9/30/201860115N/A-39N/A6/30/201849108N/A-26N/A3/31/201837102N/A-17N/A12/31/20172596N/A-7N/A9/30/201724104N/A-5N/A6/30/201722111N/A-2N/A3/31/201723101N/A2N/A12/31/20162591N/A7N/A9/30/20162794N/A13N/A6/30/20163097N/A19N/A3/31/20162792N/A3N/A12/31/20152387N/A-13N/A9/30/20152862N/A-15N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 4V1の予測収益成長率 (年間12% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 4V1の収益 ( 12% ) German市場 ( 17% ) よりも低い成長が予測されています。高成長収益: 4V1の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 4V1の収益 ( 16.6% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: 4V1の収益 ( 16.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 4V1の 自己資本利益率 は、3年後には低くなると予測されています ( 7.5 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/30 10:47終値2026/06/30 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋VGP NV 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関Paul MayBarclaysSander BunckBarclaysMarios PastouBernstein11 その他のアナリストを表示
お知らせ • May 08VGP NV has filed a Follow-on Equity Offering in the amount of €250 million.VGP NV has filed a Follow-on Equity Offering in the amount of €250 million. Security Name: Ordinary Shares Security Type: Common Stock Transaction Features: Rule 144A
お知らせ • Apr 10VGP NV, Annual General Meeting, May 08, 2026VGP NV, Annual General Meeting, May 08, 2026, at 07:00 Romance Standard Time. Location: at the mills, molenstraat 54, 2018 antwerp, Belgium
お知らせ • Feb 20VGP NV Proposes Ordinary Dividend for the Year Ended December 31, 2025VGP NV's board of directors proposes an ordinary dividend of €92.8 million (+ 3% versus ordinary dividend of ‘24), or €3.40 per share for the year ended December 31, 2025.
お知らせ • Nov 08VGP NV to Report Fiscal Year 2025 Results on Apr 08, 2026VGP NV announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Apr 08, 2026
お知らせ • Nov 07+ 1 more updateVGP NV to Report First Half, 2026 Results on Aug 20, 2026VGP NV announced that they will report first half, 2026 results on Aug 20, 2026
お知らせ • Feb 22VGP NV Proposes Dividend for Year Ended 31 of December 2024The board of directors of VGP NV proposed an ordinary dividend of €90 million (+ 12% versus ordinary dividend of ‘24), or €3.30 per share.
お知らせ • Nov 11+ 2 more updatesVGP NV to Report First Half, 2025 Results on Aug 21, 2025VGP NV announced that they will report first half, 2025 results on Aug 21, 2025
Reported Earnings • Aug 26First half 2024 earnings released: EPS: €5.19 (vs €1.27 in 1H 2023)First half 2024 results: EPS: €5.19 (up from €1.27 in 1H 2023). Revenue: €85.6m (up 132% from 1H 2023). Net income: €141.5m (up 308% from 1H 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
Declared Dividend • May 20Dividend of €2.59 announcedShareholders will receive a dividend of €2.59. Ex-date: 22nd May 2024 Payment date: 24th May 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.5% to bring the payout ratio under control. EPS is expected to grow by 145% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • May 11VGP NV Approves Dividend for the Financial Year Ended 31 December 2023, Payable on May 24, 2024VGP NV held its Annual and Special Shareholders’ Meetings on May 10, 2024. The annual shareholder’s meeting approved the payment of a gross dividend for a total amount of €100,977,854.40 which corresponds to an amount of €3.70 per share in relation to the financial year ending 31 December 2023 and approved to delegate the determination of the payment date as well as all other formalities relating to the payment of the dividend to the board of directors. The dividend payable on May 24, 2024 to the shareholders recorded on May 23, 2024 and Ex-date dividend is May 22, 2024.
Reported Earnings • Feb 28Full year 2023 earnings releasedFull year 2023 results: Revenue: €146.4m (up 10% from FY 2022). Net income: €87.3m (up €209.8m from FY 2022). Profit margin: 60% (up from net loss in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
お知らせ • Nov 17+ 3 more updatesVGP NV to Report Fiscal Year 2023 Final Results on Apr 09, 2024VGP NV announced that they will report fiscal year 2023 final results on Apr 09, 2024
Reported Earnings • Aug 27First half 2023 earnings released: EPS: €1.27 (vs €7.01 in 1H 2022)First half 2023 results: EPS: €1.27 (down from €7.01 in 1H 2022). Revenue: €37.0m (down 40% from 1H 2022). Net income: €34.7m (down 77% from 1H 2022). Profit margin: 94% (down from 248% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • May 25VGP NV (ENXTBR:VGP) and Pimco Prime Real Estate agreed to acquire logistics portfolio of 11 buildings from VGP European Logistics 2 S.à r.l.VGP NV (ENXTBR:VGP) and Pimco Prime Real Estate agreed to acquire logistics portfolio of 11 buildings from VGP European Logistics 2 S.à r.l. on May 24, 2023. The transaction with VGP European Logistics 2 will be the 4th closing between VGP and this joint venture and amounts to a value of €253 million with gross proceeds of €197 million. The transaction, which is due to close in the first half of June.
Upcoming Dividend • May 17Upcoming dividend of €1.93 per share at 3.0% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%).
お知らせ • May 13VGP NV Approves Gross Dividend in Relation to the Financial Year Ending 31 December 2022, Payable on May 26, 2023The Annual Shareholders’ Meeting of VGP NV approved the payment of a gross dividend for a total amount of EUR 75,051,108.00 which corresponds to a gross dividend of EUR 2.75 per share (EUR 1.925 net dividend per share) in relation to the financial year ending 31 December 2022 and approved the delegation of the determination of the payment date as well as all other formalities relating to the payment of the dividend to the Board of Directors. Ex-dividend date is 24 May 2023, Registration date is 25 May 2023, Dividend payment date is 26 May 2023.
Reported Earnings • Apr 15Full year 2022 earnings released: €5.49 loss per share (vs €31.41 profit in FY 2021)Full year 2022 results: €5.49 loss per share (down from €31.41 profit in FY 2021). Revenue: €133.0m (up 236% from FY 2021). Net loss: €122.5m (down 119% from profit in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 35% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.
Reported Earnings • Feb 24Full year 2022 earnings released: €5.49 loss per share (vs €31.41 profit in FY 2021)Full year 2022 results: €5.49 loss per share (down from €31.41 profit in FY 2021). Revenue: €72.8m (up 87% from FY 2021). Net loss: €122.5m (down 119% from profit in FY 2021). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.
お知らせ • Jan 03VGP Completes Latest Development at Nijmegen Logistics ParkVGP announced that it has completed its most recent development of VGP Park Nijmegen, and officially handed it over to its client. This project has circa 62,000 m² gross lettable area, of which circa 59,000 m2 of warehouse space and circa 3,000 m² of space for offices and a mezzanine. The total GLA of VGP Park Nijmegen is around 207,000 m2. Next to this, VGP has an additional land pipeline at the park of 28 ha for new developments. VGP Park Nijmegen, located on Park 15 in Oosterhout (Gld.) is a strategically situated location between the cities of Arnhem and Nijmegen, directly on the A15 motorway and close to the German border. Other major motorways, such as the A73 and A50, are nearby and transport by rail or over the river Waal is also possible due to proximity of BCTN Nijmegen terminal. VGP Park Nijmegen, named after the nearest large city for international recognition, is part of the development known as Bedrijvenpark Park 15 Logistics. The park is built to the latest sustainability standards. It accommodates a rooftop photovoltaic system with a capacity of 17.6 MWp. In addition, the location benefits from a water retention reservoir and other sustainability and biodiversity features in line with BREEAM quality certification. After launching VGP in the Benelux in 2018 with the first land acquisition for the Netherlands, VGP has already developed and delivered over 249,000 m2 GLA of warehouses and offices at their VGP Park Nijmegen (Oosterhout Gld.) and VGP Park Roosendaal. With another fully permitted development of circa 19,500 m2 GLA at VGP Park Nijmegen, a pre-let development of circa 9,250 m² GLA at VGP Park Roosendaal, as well as the upcoming XXL-developments at VGP Park Moerdijk, VGP is building tomorrow. VGP was advised by JLL for the lease agreement, and Willy Naessens Netherlands has constructed the project as general contractor.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Non Executive Independent Director Ann Gaeremynck was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to €84.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Real Estate industry in Germany. Total returns to shareholders of 1.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.13 per share.
お知らせ • Nov 01+ 1 more updateVGP NV to Report Fiscal Year 2022 Results on Feb 23, 2023VGP NV announced that they will report fiscal year 2022 results on Feb 23, 2023
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to €78.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Real Estate industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.67 per share.
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €91.70, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Germany. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €67.48 per share.
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €138, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Real Estate industry in Germany. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €129 per share.
Reported Earnings • Aug 27First half 2022 earnings released: EPS: €7.01 (vs €9.90 in 1H 2021)First half 2022 results: EPS: €7.01 (down from €9.90 in 1H 2021). Revenue: €29.1m (up 83% from 1H 2021). Net income: €153.1m (down 25% from 1H 2021). Over the next year, revenue is forecast to grow 79% compared to a 47% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Non Executive Independent Director Ann Gaeremynck was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 17Upcoming dividend of €4.80 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.2%).
Reported Earnings • Apr 16Full year 2021 earnings released: EPS: €31.41 (vs €18.58 in FY 2020)Full year 2021 results: EPS: €31.41 (up from €18.58 in FY 2020). Revenue: €39.0m (down 7.3% from FY 2020). Net income: €650.1m (up 75% from FY 2020). Over the next year, revenue is forecast to grow 155% compared to a 33% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 46% per year.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €188, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Real Estate industry in Germany. Total returns to shareholders of 190% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €198 per share.
Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €31.41 (up from €18.58 in FY 2020). Revenue: €225.6m (up 437% from FY 2020). Net income: €650.1m (up 75% from FY 2020). Revenue exceeded analyst estimates by 7.2%. Over the next year, revenue is expected to shrink by 56% compared to a 27% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year and the company’s share price has also increased by 48% per year.
Reported Earnings • Sep 03First half 2021 earnings released: EPS €9.90 (vs €10.19 in 1H 2020)First half 2021 results: Revenue: €15.9m (down 28% from 1H 2020). Net income: €203.8m (up 3.5% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 46% per year.
Upcoming Dividend • May 14Upcoming dividend of €2.56 per shareEligible shareholders must have bought the stock before 21 May 2021. Payment date: 25 May 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.2%).
Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 80% compared to a 31% decline forecast for the Real Estate industry in Germany.
Reported Earnings • Feb 28Full year 2020 earnings releasedFull year 2020 results: Revenue: €26.8m (down 70% from FY 2019). Net income: €370.9m (up 80% from FY 2019).
Is New 90 Day High Low • Feb 03New 90-day high: €151The company is up 28% from its price of €118 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.31 per share.
Is New 90 Day High Low • Jan 18New 90-day high: €130The company is up 8.0% from its price of €120 on 20 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.84 per share.
Is New 90 Day High Low • Nov 20New 90-day high: €127The company is up 7.0% from its price of €119 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.58 per share.
Is New 90 Day High Low • Oct 29New 90-day low: €114The company is down 1.0% from its price of €116 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.78 per share.