VICI Properties (BMV:VICI *) Stock Valuation, Peer Comparison & Price Targets

Share Price vs Fair Value

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

Below Fair Value: VICI * (MX$650) is trading below our estimate of fair value (MX$1197.8)

Significantly Below Fair Value: VICI * is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VICI *. This is calculated by dividing VICI *'s market cap by their current earnings.
What is VICI *'s PE Ratio?
PE Ratio	12.1x
Earnings	US$2.81b
Market Cap	US$33.98b

VICI * key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	13.6x
Enterprise Value/EBITDA	14.1x
PEG Ratio	5.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VICI * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	23.1x
EDUCA 18 Fideicomiso Irrevocable No. F/3277 en Banco Invex S. A. Institución de Banca Múltiple INVEX Grupo	18.1x	n/a	Mex$69.6b
FSITES 20 Fideicomiso Opsimex	62.7x	n/a	Mex$88.1b
FIBRAPL 14 FIBRA Prologis	4.5x	-63.6%	Mex$96.6b
FUNO 11 Fibra UNO	7.1x	-1.4%	Mex$82.0b
VICI * VICI Properties	12.1x	2.1%	Mex$34.0b

Price-To-Earnings vs Peers: VICI * is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (9.9x).

Price to Earnings Ratio vs Industry

How does VICI *'s PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: VICI * is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Global Specialized REITs industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is VICI *'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.

VICI * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VICI *'s Price-To-Earnings Fair Ratio for valuation analysis.

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 VICI * forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	Mex$650.00	Mex$728.45 +12.1%	7.7%	Mex$876.71	Mex$632.05	n/a	23
Nov ’25	Mex$637.07	Mex$727.97 +14.3%	7.5%	Mex$871.89	Mex$628.57	n/a	23
Oct ’25	Mex$649.00	Mex$703.30 +8.4%	7.6%	Mex$843.37	Mex$608.01	n/a	23
Sep ’25	Mex$642.59	Mex$700.83 +9.1%	7.7%	Mex$844.50	Mex$608.82	n/a	23
Aug ’25	Mex$597.00	Mex$659.27 +10.4%	7.7%	Mex$807.20	Mex$581.94	n/a	23
Jul ’25	Mex$546.00	Mex$641.73 +17.5%	7.7%	Mex$786.71	Mex$567.16	n/a	23
Jun ’25	Mex$475.00	Mex$582.67 +22.7%	7.9%	Mex$711.65	Mex$513.05	n/a	23
May ’25	Mex$490.00	Mex$605.80 +23.6%	8.4%	Mex$731.77	Mex$527.55	n/a	23
Apr ’25	Mex$486.15	Mex$604.53 +24.4%	8.1%	Mex$723.83	Mex$521.83	n/a	23
Mar ’25	Mex$505.30	Mex$615.54 +21.8%	7.9%	Mex$735.22	Mex$547.14	n/a	23
Feb ’25	Mex$528.50	Mex$619.67 +17.2%	8.0%	Mex$737.48	Mex$548.83	n/a	23
Jan ’25	Mex$542.00	Mex$603.88 +11.4%	8.4%	Mex$729.89	Mex$509.23	n/a	23
Dec ’24	Mex$520.45	Mex$608.44 +16.9%	8.2%	Mex$738.87	Mex$515.49	n/a	22
Nov ’24	Mex$462.97	Mex$641.72 +38.6%	8.0%	Mex$776.30	Mex$541.61	Mex$637.07	22
Oct ’24	Mex$471.50	Mex$638.44 +35.4%	6.6%	Mex$734.88	Mex$546.89	Mex$649.00	21
Sep ’24	Mex$520.50	Mex$638.14 +22.6%	6.8%	Mex$733.21	Mex$545.64	Mex$642.59	20
Aug ’24	Mex$533.00	Mex$627.50 +17.7%	6.7%	Mex$720.01	Mex$535.82	Mex$597.00	20
Jul ’24	n/a	Mex$649.53 0%	6.5%	Mex$738.40	Mex$549.50	Mex$546.00	20
Jun ’24	Mex$540.55	Mex$661.70 +22.4%	6.2%	Mex$756.23	Mex$562.77	Mex$475.00	20
May ’24	Mex$592.70	Mex$675.46 +14.0%	6.0%	Mex$770.93	Mex$573.72	Mex$490.00	20
Apr ’24	Mex$576.00	Mex$698.67 +21.3%	6.2%	Mex$797.95	Mex$593.82	Mex$486.15	20
Mar ’24	Mex$604.25	Mex$687.05 +13.7%	7.8%	Mex$832.73	Mex$579.29	Mex$505.30	21
Feb ’24	Mex$631.65	Mex$708.16 +12.1%	7.9%	Mex$862.93	Mex$600.30	Mex$528.50	21
Jan ’24	n/a	Mex$746.45 0%	7.6%	Mex$910.68	Mex$633.52	Mex$542.00	22
Dec ’23	Mex$650.00	Mex$717.69 +10.4%	8.0%	Mex$881.16	Mex$593.83	Mex$520.45	22
Nov ’23	n/a	Mex$738.09 0%	8.4%	Mex$910.63	Mex$613.69	Mex$462.97	22

Analyst Forecast: Target price is less than 20% higher than the current share price.

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VICI Properties Valuation