VGP Stock Overview
VGP NV, together with its subsidiaries, develops, owns, and manages logistics and semi-industrial real estate, and ancillary offices.
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Price History & Performance
|Historical stock prices|
|Current Share Price||€105.40|
|52 Week High||€268.50|
|52 Week Low||€103.80|
|1 Month Change||-30.66%|
|3 Month Change||-37.56%|
|1 Year Change||-47.95%|
|3 Year Change||25.48%|
|5 Year Change||58.50%|
|Change since IPO||575.64%|
Recent News & Updates
|VGP||BE Real Estate||BE Market|
Return vs Industry: VGP underperformed the Belgian Real Estate industry which returned -32.5% over the past year.
Return vs Market: VGP underperformed the Belgian Market which returned -14.7% over the past year.
|VGP Average Weekly Movement||6.4%|
|Real Estate Industry Average Movement||4.7%|
|Market Average Movement||4.7%|
|10% most volatile stocks in BE Market||7.8%|
|10% least volatile stocks in BE Market||2.7%|
Stable Share Price: VGP is more volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: VGP's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Belgian stocks.
About the Company
|1998||385||Jan Van Geet||https://www.vgpparks.eu|
VGP NV, together with its subsidiaries, develops, owns, and manages logistics and semi-industrial real estate, and ancillary offices. It leases its properties to tenants in the logistic sector, including storing, assembling, re-conditioning, and final treatment of the goods. The company also provides property management services; asset management services related to corporate administration, financing, business planning, reporting, budgeting, management of tax and legal affairs, controlling, etc.; project management and leasing services; and facility management services, such as maintenance, waste management, and greenery maintenance services.
VGP Fundamentals Summary
|VGP fundamental statistics|
Is VGP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VGP income statement (TTM)|
|Cost of Revenue||€3.18m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||27.45|
|Net Profit Margin||875.52%|
How did VGP perform over the long term?See historical performance and comparison
6.5%Current Dividend Yield
Is VGP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for VGP?
Other financial metrics that can be useful for relative valuation.
|What is VGP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does VGP's PE Ratio compare to its peers?
|VGP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SHUR Shurgard Self Storage
Price-To-Earnings vs Peers: VGP is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (11.2x).
Price to Earnings Ratio vs Industry
How does VGP's PE Ratio compare vs other companies in the European Real Estate Industry?
Price-To-Earnings vs Industry: VGP is good value based on its Price-To-Earnings Ratio (3.8x) compared to the European Real Estate industry average (7.3x)
Price to Earnings Ratio vs Fair Ratio
What is VGP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.8x|
|Fair PE Ratio||8.4x|
Price-To-Earnings vs Fair Ratio: VGP is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).
Share Price vs Fair Value
What is the Fair Price of VGP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: VGP (€105.4) is trading above our estimate of fair value (€78.69)
Significantly Below Fair Value: VGP is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is VGP forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VGP's earnings are forecast to decline over the next 3 years (-18% per year).
Earnings vs Market: VGP's earnings are forecast to decline over the next 3 years (-18% per year).
High Growth Earnings: VGP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: VGP's revenue (14.7% per year) is forecast to grow faster than the Belgian market (2.3% per year).
High Growth Revenue: VGP's revenue (14.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VGP's Return on Equity is forecast to be low in 3 years time (10.8%).
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How has VGP performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VGP has a high level of non-cash earnings.
Growing Profit Margin: VGP's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: VGP's earnings have grown significantly by 41.2% per year over the past 5 years.
Accelerating Growth: VGP's earnings growth over the past year (58.7%) exceeds its 5-year average (41.2% per year).
Earnings vs Industry: VGP earnings growth over the past year (58.7%) underperformed the Real Estate industry 91.4%.
Return on Equity
High ROE: Whilst VGP's Return on Equity (27.51%) is high, this metric is skewed due to their high level of debt.
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How is VGP's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: VGP's short term assets (€1.1B) exceed its short term liabilities (€339.4M).
Long Term Liabilities: VGP's short term assets (€1.1B) do not cover its long term liabilities (€2.4B).
Debt to Equity History and Analysis
Debt Level: VGP's net debt to equity ratio (78.6%) is considered high.
Reducing Debt: VGP's debt to equity ratio has reduced from 109.9% to 108.4% over the past 5 years.
Debt Coverage: VGP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VGP's interest payments on its debt are not well covered by EBIT (0.4x coverage).
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What is VGP current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VGP's dividend (6.5%) is higher than the bottom 25% of dividend payers in the Belgian market (2.1%).
High Dividend: VGP's dividend (6.5%) is low compared to the top 25% of dividend payers in the Belgian market (6.85%).
Stability and Growth of Payments
Stable Dividend: VGP's dividends per share have been stable in the past 10 years.
Growing Dividend: VGP's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (24.4%), VGP's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: VGP is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jan Van Geet (51 yo)
Mr. Jan Van Geet serves as the Chief Executive Officer of VGP-industrialni stavby s.r.o. Mr. Geet is the Founder of VGP NV and serves as its Chief Executive Officer. He has the overall daily as well as str...
CEO Compensation Analysis
Compensation vs Market: Jan's total compensation ($USD1.29M) is above average for companies of similar size in the Belgian market ($USD737.50K).
Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.
Experienced Management: VGP's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: VGP's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.1%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
VGP NV's employee growth, exchange listings and data sources
- Name: VGP NV
- Ticker: VGP
- Exchange: ENXTBR
- Founded: 1998
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: €2.301b
- Shares outstanding: 21.83m
- Website: https://www.vgpparks.eu
Number of Employees
- VGP NV
- Generaal Lemanstraat 55 bus 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VGP||ENXTBR (Euronext Brussels)||Yes||Registered Shares||BE||EUR||Dec 2007|
|VGP||SEP (The Stock Exchange Prague Co. Ltd.)||Yes||Registered Shares||CZ||CZK||Dec 2007|
|0HM0||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Dec 2007|
|4V1||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Dec 2007|
|VGPB||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Dec 2007|
|VGPB.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Dec 2007|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/25 00:00|
|End of Day Share Price||2022/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.