Corporación Inmobiliaria Vesta, S.A.B. de C.V.

BMV:VESTA * Stock Report

Market Cap: Mex$45.2b

Corporación Inmobiliaria Vesta. de Valuation

Is VESTA * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VESTA * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VESTA * (MX$52.85) is trading above our estimate of fair value (MX$45.52)

Significantly Below Fair Value: VESTA * is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VESTA *?

Key metric: As VESTA * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VESTA *. This is calculated by dividing VESTA *'s market cap by their current earnings.
What is VESTA *'s PE Ratio?
PE Ratio6.3x
EarningsUS$348.00m
Market CapUS$2.19b

Price to Earnings Ratio vs Peers

How does VESTA *'s PE Ratio compare to its peers?

The above table shows the PE ratio for VESTA * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.3x
GAV A Acosta Verde. de
29.3xn/aMex$13.6b
PLANI * Planigrupo LATAM. de
9.5x13.9%Mex$4.7b
6049 Poly Property Services
10.7x10.5%HK$16.2b
MVNE Mivne Real Estate (K.D)
23.6xn/a₪7.9b
VESTA * Corporación Inmobiliaria Vesta. de
6.3x-35.7%Mex$45.2b

Price-To-Earnings vs Peers: VESTA * is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (17x).

Price to Earnings Ratio vs Industry

How does VESTA *'s PE Ratio compare vs other companies in the South American Real Estate Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VESTA * is good value based on its Price-To-Earnings Ratio (6.3x) compared to the South American Real Estate industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is VESTA *'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.

VESTA * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ratio8.3x

Price-To-Earnings vs Fair Ratio: VESTA * is good value based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (8.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VESTA * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$52.85
Mex$68.70
+30.0%
6.1%Mex$73.60Mex$57.00n/a14
Dec ’25Mex$48.38
Mex$69.07
+42.8%
6.0%Mex$73.60Mex$57.00n/a14
Nov ’25Mex$51.47
Mex$69.28
+34.6%
5.9%Mex$73.60Mex$57.00n/a14
Oct ’25Mex$53.15
Mex$69.96
+31.6%
3.6%Mex$73.60Mex$65.00n/a14
Sep ’25Mex$54.00
Mex$70.46
+30.5%
5.6%Mex$80.00Mex$63.00n/a14
Aug ’25Mex$54.61
Mex$70.53
+29.2%
5.7%Mex$80.00Mex$63.00n/a14
Jul ’25Mex$55.37
Mex$70.82
+27.9%
6.1%Mex$80.00Mex$63.00n/a13
Jun ’25Mex$59.02
Mex$71.09
+20.5%
5.8%Mex$80.00Mex$63.00n/a14
May ’25Mex$60.61
Mex$71.57
+18.1%
6.2%Mex$80.00Mex$63.00n/a13
Apr ’25Mex$65.57
Mex$71.21
+8.6%
6.2%Mex$80.00Mex$63.00n/a13
Mar ’25Mex$60.80
Mex$70.74
+16.4%
6.9%Mex$81.00Mex$63.00n/a13
Feb ’25Mex$64.87
Mex$70.60
+8.8%
7.0%Mex$81.00Mex$63.00n/a13
Jan ’25Mex$67.43
Mex$68.14
+1.1%
6.5%Mex$73.60Mex$58.00n/a13
Dec ’24Mex$63.95
Mex$66.65
+4.2%
6.2%Mex$71.50Mex$58.00Mex$48.3813
Nov ’24Mex$57.11
Mex$66.65
+16.7%
6.2%Mex$71.50Mex$58.00Mex$51.4713
Oct ’24Mex$57.49
Mex$66.81
+16.2%
5.8%Mex$71.50Mex$58.00Mex$53.1513
Sep ’24Mex$63.12
Mex$65.87
+4.4%
8.2%Mex$71.50Mex$51.00Mex$54.0015
Aug ’24Mex$60.16
Mex$64.94
+7.9%
9.5%Mex$72.00Mex$51.00Mex$54.6114
Jul ’24Mex$55.53
Mex$64.03
+15.3%
7.4%Mex$72.00Mex$58.00Mex$55.3712
Jun ’24Mex$57.42
Mex$61.38
+6.9%
8.9%Mex$70.00Mex$51.00Mex$59.0214
May ’24Mex$56.79
Mex$59.45
+4.7%
10.6%Mex$70.00Mex$51.00Mex$60.6114
Apr ’24Mex$56.63
Mex$56.56
-0.1%
9.1%Mex$68.60Mex$49.20Mex$65.5714
Mar ’24Mex$53.74
Mex$55.13
+2.6%
6.9%Mex$62.00Mex$49.20Mex$60.8013
Feb ’24Mex$53.03
Mex$52.36
-1.3%
6.4%Mex$57.00Mex$47.00Mex$64.8713
Jan ’24Mex$46.51
Mex$47.36
+1.8%
8.1%Mex$53.00Mex$40.00Mex$67.4313
Dec ’23Mex$44.84
Mex$47.17
+5.2%
7.4%Mex$53.00Mex$40.00Mex$63.9513

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 04:56
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Corporación Inmobiliaria Vesta, S.A.B. de C.V. is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pablo Monsivais MendozaBarclays
Pablo Monsivais MendozaBarclays
Carlos PeyrelongueBofA Global Research