VGP NV

OTCPK:VGPB.F Stock Report

Market Cap: US$2.3b

VGP Valuation

Is VGPB.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 VGPB.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VGPB.F ($81.65) is trading above our estimate of fair value ($61.8)

Significantly Below Fair Value: VGPB.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VGPB.F?

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

The above table shows the Price to Earnings ratio for VGPB.F. This is calculated by dividing VGPB.F's market cap by their current earnings.
What is VGPB.F's PE Ratio?
PE Ratio11x
Earnings€194.17m
Market Cap€2.13b

Price to Earnings Ratio vs Peers

How does VGPB.F's PE Ratio compare to its peers?

The above table shows the PE ratio for VGPB.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56.6x
FRPH FRP Holdings
79.2xn/aUS$593.2m
CPPT.L Copper Property CTL Pass Through Trust
12.5xn/aUS$860.3m
RITR Reitar Logtech Holdings
114.4xn/aUS$249.8m
NEN New England Realty Associates Limited Partnership
20.3xn/aUS$279.4m
VGPB.F VGP
11x11.4%US$2.1b

Price-To-Earnings vs Peers: VGPB.F is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (56.6x).

Price to Earnings Ratio vs Industry

How does VGPB.F's PE Ratio compare vs other companies in the US Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STHO Star Holdings
1.8xn/aUS$154.24m
STSR Strategic Student & Senior Housing Trust
2.4xn/aUS$41.31m
XIN Xinyuan Real Estate
0.4xn/aUS$20.71m
ILAL International Land Alliance
2.4xn/aUS$6.88m
VGPB.F 11.0xIndustry Avg. 31.9xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VGPB.F is good value based on its Price-To-Earnings Ratio (11x) compared to the US Real Estate industry average (31.9x).

Price to Earnings Ratio vs Fair Ratio

What is VGPB.F'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.

VGPB.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VGPB.F'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 VGPB.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$81.65
US$116.02
+42.1%
14.1%US$139.34US$91.10n/a8
Nov ’25US$85.15
US$118.81
+39.5%
14.1%US$142.68US$93.29n/a8
Oct ’25US$100.90
US$120.50
+19.4%
13.3%US$143.88US$99.61n/a8
Sep ’25US$102.05
US$117.76
+15.4%
13.5%US$140.28US$97.12n/a8
Aug ’25US$107.10
US$117.76
+10.0%
13.5%US$140.28US$97.12n/a8
Jul ’25n/a
US$116.99
0%
13.3%US$139.13US$96.32n/a8
Jun ’25US$116.99
US$116.29
-0.6%
13.3%US$141.20US$97.75n/a7
May ’25US$99.66
US$113.21
+13.6%
13.7%US$138.14US$95.63n/a7
Apr ’25US$113.88
US$113.67
-0.2%
12.8%US$134.26US$96.67n/a7
Mar ’25US$106.05
US$114.09
+7.6%
13.2%US$135.27US$97.39n/a7
Feb ’25US$115.65
US$109.45
-5.4%
18.1%US$136.03US$81.62n/a7
Jan ’25US$118.37
US$99.61
-15.8%
18.0%US$135.97US$81.58n/a7
Dec ’24n/a
US$99.61
0%
18.0%US$135.97US$81.58n/a7
Nov ’24US$78.00
US$115.97
+48.7%
31.8%US$189.27US$78.86US$85.157
Oct ’24n/a
US$117.56
0%
31.1%US$190.64US$79.43US$100.907
Sep ’24US$104.05
US$121.21
+16.5%
31.5%US$198.09US$82.54US$102.057
Aug ’24n/a
US$115.93
0%
35.1%US$197.93US$81.37US$107.107
Jul ’24US$95.90
US$110.00
+14.7%
38.3%US$197.35US$81.13n/a6
Jun ’24n/a
US$110.00
0%
38.3%US$197.35US$81.13US$116.996
May ’24n/a
US$107.56
0%
42.6%US$198.79US$81.72US$99.665
Apr ’24US$87.31
US$101.09
+15.8%
45.1%US$191.53US$69.16US$113.885
Mar ’24n/a
US$101.48
0%
46.1%US$194.32US$70.17US$106.055
Feb ’24n/a
US$99.67
0%
48.8%US$195.87US$67.46US$115.655
Jan ’24n/a
US$121.89
0%
61.3%US$259.15US$63.75US$118.376
Dec ’23US$79.10
US$121.89
+54.1%
61.3%US$259.15US$63.75n/a6
Nov ’23US$73.99
US$135.73
+83.4%
48.9%US$242.72US$60.19US$78.005

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

Discover undervalued companies

Pakuwon Jati

Rp20.4t

Operates as a real estate developer in Indonesia.

PTPK.F

Rp0.16

7D

0%

1Y

n/a

Sun Hung Kai Properties

HK$221.0b

Develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally.

SUHJ.Y

HK$9.85

7D

-5.6%

1Y

-4.5%

Longfor Group Holdings

HK$78.4b

An investment holding company, engages in the property development, investment, and management businesses in the People’s Republic of China.

LGFR.Y

HK$14.80

7D

-10.8%

1Y

-15.9%