VGP NV, together with its subsidiaries, develops, builds, owns, manages, and leases logistics and semi-industrial real estate, and ancillary offices.
+ 1 more risk
Proven track record average dividend payer.
Share Price & News
How has VGP's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 4V1 has not had significant price volatility in the past 3 months.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: 4V1 exceeded the German Real Estate industry which returned 5.1% over the past year.
Return vs Market: 4V1 exceeded the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is VGP's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is VGP undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 4V1 (€117.4) is trading above our estimate of fair value (€50.24)
Significantly Below Fair Value: 4V1 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 4V1 is poor value based on its PE Ratio (10.5x) compared to the Real Estate industry average (10.5x).
PE vs Market: 4V1 is good value based on its PE Ratio (10.5x) compared to the German market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: 4V1's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 4V1 is overvalued based on its PB Ratio (3.1x) compared to the DE Real Estate industry average (1.4x).
How is VGP forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4V1's earnings are forecast to decline over the next 3 years (-29.6% per year).
Earnings vs Market: 4V1's earnings are forecast to decline over the next 3 years (-29.6% per year).
High Growth Earnings: 4V1's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 4V1's revenue is expected to decline over the next 3 years (-33% per year).
High Growth Revenue: 4V1's revenue is forecast to decline over the next 3 years (-33% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4V1's Return on Equity is forecast to be high in 3 years time (23%)
How has VGP performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4V1 has a high level of non-cash earnings.
Growing Profit Margin: 4V1's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: 4V1's earnings have grown significantly by 21.2% per year over the past 5 years.
Accelerating Growth: 4V1's earnings growth over the past year (69.8%) exceeds its 5-year average (21.2% per year).
Earnings vs Industry: 4V1 earnings growth over the past year (69.8%) exceeded the Real Estate industry 8.5%.
Return on Equity
High ROE: Whilst 4V1's Return on Equity (29.38%) is high, this metric is skewed due to their high level of debt.
How is VGP's financial position?
Financial Position Analysis
Short Term Liabilities: 4V1's short term assets (€374.6M) exceed its short term liabilities (€112.5M).
Long Term Liabilities: 4V1's short term assets (€374.6M) do not cover its long term liabilities (€812.1M).
Debt to Equity History and Analysis
Debt Level: 4V1's debt to equity ratio (111.5%) is considered high.
Reducing Debt: 4V1's debt to equity ratio has increased from 92.3% to 111.5% over the past 5 years.
Debt Coverage: 4V1's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4V1's interest payments on its debt are well covered by EBIT (5.3x coverage).
What is VGP current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4V1's dividend (2.8%) is higher than the bottom 25% of dividend payers in the German market (1.27%).
High Dividend: 4V1's dividend (2.8%) is low compared to the top 25% of dividend payers in the German market (3.83%).
Stability and Growth of Payments
Stable Dividend: 4V1's dividend payments have been volatile in the past 10 years.
Growing Dividend: 4V1's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.4%), 4V1's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 4V1's dividends in 3 years are forecast to be well covered by earnings (43.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jan Van Geet (49yo)
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 ($USD1.05M) is below average for companies of similar size in the German market ($USD2.58M).
Compensation vs Earnings: Jan's compensation has increased by more than 20% in the past year.
|Chief Financial Officer||13.5yrs||no data||no data|
|Chief Technical Officer||no data||no data||no data|
|Vice President of Business Development & Investor Relations||no data||no data||no data|
|Chief Operating Officer of Czech Republic||no data||no data||no data|
|Chief Commercial Officer||no data||no data||no data|
|Chief Operating Officer of Eastern Europe||no data||no data||no data|
|Chief Operating Officer of Western Europe||0.58yr||no data||no data|
Experienced Management: 4V1's management team is seasoned and experienced (12.5 years average tenure).
|Non Executive Chairman||1.17yrs||€100.00k||no data|
|Non Executive Independent Director||1.17yrs||€62.00k||no data|
|Non-Executive Independent Director||1.17yrs||€58.00k||no data|
|Non-Executive Independent Director||1.17yrs||€60.00k||no data|
Experienced Board: 4V1's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.8%.
VGP NV's company bio, employee growth, exchange listings and data sources
- Name: VGP NV
- Ticker: 4V1
- Exchange: DB
- Founded: 1998
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €2.392b
- Shares outstanding: 20.58m
- Website: https://www.vgpparks.eu
Number of Employees
- VGP NV
- Uitbreidingstraat 72 box 7
|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|
VGP NV, together with its subsidiaries, develops, builds, owns, manages, and leases logistics and semi-industrial real estate, and ancillary offices. It leases its properties to tenants in logistic sector, including storing, assembling, re-conditioning, and final treatment of the goods. The company also offers asset and property management services; and facility management services, such as maintenance, waste management, greenery maintenance services, etc. It operates in Germany, Spain, Austria, the Netherlands, Italy, Portugal, the Czech Republic, Slovakia, Hungary, Romania, and Latvia. The company was founded in 1998 and is headquartered in Antwerp, Belgium.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 21:51|
|End of Day Share Price||2020/07/03 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.