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Corporación Inmobiliaria Vesta. de

OTCPK:VEST.F
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VEST.F
OTCPK
MX$17B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Corporación Inmobiliaria Vesta S.A.B. de C.V., together with its subsidiaries, acquires, develops, operates, and leases industrial buildings and distribution facilities in Mexico. The last earnings update was 32 days ago. More info.


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VEST.F Share Price and Events
7 Day Returns
-0.5%
OTCPK:VEST.F
-0.4%
US Real Estate
-1.4%
US Market
1 Year Returns
-
OTCPK:VEST.F
-15.8%
US Real Estate
1.6%
US Market
VEST.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporación Inmobiliaria Vesta. de (VEST.F) -0.5% -0.5% - - -2.9% -27.2%
US Real Estate -0.4% -8.9% -10.6% -15.8% 14.9% 0.8%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • No trading data on VEST.F.
  • No trading data on VEST.F.
Price Volatility
VEST.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Corporación Inmobiliaria Vesta. de's competitors could be found in our database.

Value

 Is Corporación Inmobiliaria Vesta. de undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Corporación Inmobiliaria Vesta. de to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Corporación Inmobiliaria Vesta. de.

OTCPK:VEST.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:VEST.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.111 (1 + (1- 30%) (78.85%))
1.485
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.485 * 5.96%)
11.58%

Discounted Cash Flow Calculation for OTCPK:VEST.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Corporación Inmobiliaria Vesta. de is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:VEST.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.58%)
2019 25.51 Analyst x3 22.86
2020 51.10 Analyst x3 41.04
2021 94.88 Analyst x2 68.30
2022 121.00 Analyst x1 78.06
2023 142.50 Est @ 17.77% 82.38
2024 161.39 Est @ 13.26% 83.62
2025 177.69 Est @ 10.1% 82.51
2026 191.71 Est @ 7.89% 79.78
2027 203.87 Est @ 6.34% 76.03
2028 214.58 Est @ 5.26% 71.72
Present value of next 10 years cash flows $686.30
OTCPK:VEST.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $214.58 × (1 + 2.73%) ÷ (11.58% – 2.73%)
$2,490.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,490.32 ÷ (1 + 11.58%)10
$832.37
OTCPK:VEST.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $686.30 + $832.37
$1,518.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,518.67 / 600.83
$47.27
OTCPK:VEST.F Discount to Share Price
Calculation Result
Exchange Rate USD/MXN
(Reporting currency to currency of BMV:VESTA *)
19.066
Value per Share
(MXN)
= Value per Share in USD x Exchange Rate (USD/MXN)
= $2.53 x 19.066
MX$48.19
Non-primary Listing Adjustment Factor 1 share in OTCPK:VEST.F represents 0.05347x of BMV:VESTA *
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.05347x
Value per Share
(Listing Adjusted, USD)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 48.19 x 0.05347
$2.58
Value per share (USD) From above. $2.58
Current discount Discount to share price of $1.51
= -1 x ($1.51 - $2.58) / $2.58
41.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Corporación Inmobiliaria Vesta. de is available for.
Intrinsic value
41%
Share price is $1.51 vs Future cash flow value of $2.58
Current Discount Checks
For Corporación Inmobiliaria Vesta. de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Corporación Inmobiliaria Vesta. de's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Corporación Inmobiliaria Vesta. de's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Corporación Inmobiliaria Vesta. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corporación Inmobiliaria Vesta. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:VEST.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.13
BMV:VESTA * Share Price ** BMV (2019-05-21) in MXN MX$28.23
BMV:VESTA * Share Price converted to USD reporting currency Exchange rate (MXN/ USD) 0.052 $1.48
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.15x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Corporación Inmobiliaria Vesta. de.

OTCPK:VEST.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:VESTA * Share Price ÷ EPS (both in USD)

= 1.48 ÷ 0.13

11.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Inmobiliaria Vesta. de is good value based on earnings compared to the US Real Estate industry average.
  • Corporación Inmobiliaria Vesta. de is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Corporación Inmobiliaria Vesta. de's expected growth come at a high price?
Raw Data
OTCPK:VEST.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-7.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

OTCPK:VEST.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.2x ÷ -7.6%

-1.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Inmobiliaria Vesta. de earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Corporación Inmobiliaria Vesta. de's assets?
Raw Data
OTCPK:VEST.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.73
BMV:VESTA * Share Price * BMV (2019-05-21) in MXN MX$28.23
BMV:VESTA * Share Price converted to USD reporting currency Exchange rate (MXN/ USD) 0.052 $1.48
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
OTCPK:VEST.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:VESTA * Share Price ÷ Book Value per Share (both in USD)

= 1.48 ÷ 1.73

0.86x

* Primary Listing of Corporación Inmobiliaria Vesta. de.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Inmobiliaria Vesta. de is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Corporación Inmobiliaria Vesta. de's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Corporación Inmobiliaria Vesta. de has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Corporación Inmobiliaria Vesta. de expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporación Inmobiliaria Vesta. de expected to grow at an attractive rate?
  • Corporación Inmobiliaria Vesta. de's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Corporación Inmobiliaria Vesta. de's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Corporación Inmobiliaria Vesta. de's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:VEST.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:VEST.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -7.6%
OTCPK:VEST.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 7%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:VEST.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:VEST.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 176 1
2021-12-31 171 -18 52 5
2020-12-31 160 92 74 9
2019-12-31 147 75 57 4
OTCPK:VEST.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 138 97 79
2018-12-31 133 87 93
2018-09-30 127 67 98
2018-06-30 121 76 73
2018-03-31 115 86 79
2017-12-31 109 82 126
2017-09-30 105 98 135
2017-06-30 100 76 139
2017-03-31 95 63 116
2016-12-31 91 68 45
2016-09-30 87 67 22
2016-06-30 84 83 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Corporación Inmobiliaria Vesta. de's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Corporación Inmobiliaria Vesta. de's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:VEST.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Corporación Inmobiliaria Vesta. de Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:VEST.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.15 0.16 0.14 2.00
2020-12-31 0.13 0.15 0.11 5.00
2019-12-31 0.12 0.14 0.10 5.00
OTCPK:VEST.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.13
2018-12-31 0.16
2018-09-30 0.16
2018-06-30 0.12
2018-03-31 0.13
2017-12-31 0.21
2017-09-30 0.22
2017-06-30 0.22
2017-03-31 0.19
2016-12-31 0.07
2016-09-30 0.03
2016-06-30 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Corporación Inmobiliaria Vesta. de is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Corporación Inmobiliaria Vesta. de's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Corporación Inmobiliaria Vesta. de has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Corporación Inmobiliaria Vesta. de performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Corporación Inmobiliaria Vesta. de's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Corporación Inmobiliaria Vesta. de has delivered over 20% year on year earnings growth in the past 5 years.
  • Corporación Inmobiliaria Vesta. de's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Corporación Inmobiliaria Vesta. de's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Corporación Inmobiliaria Vesta. de's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Corporación Inmobiliaria Vesta. de Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:VEST.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 137.58 78.69 16.76
2018-12-31 132.67 92.68 16.09
2018-09-30 126.65 98.20 15.96
2018-06-30 120.95 72.69 15.42
2018-03-31 115.11 79.39 14.92
2017-12-31 109.43 126.03 13.91
2017-09-30 104.90 135.18 12.63
2017-06-30 99.55 138.61 12.22
2017-03-31 95.14 116.07 11.54
2016-12-31 90.51 45.08 11.24
2016-09-30 86.75 21.85 10.24
2016-06-30 83.82 -12.37 10.84
2016-03-31 80.97 11.55 10.03
2015-12-31 78.56 -3.83 9.83
2015-09-30 76.47 -4.98 10.28
2015-06-30 74.03 14.40 8.60
2015-03-31 71.60 9.56 8.93
2014-12-31 69.33 24.22 8.30
2014-09-30 66.36 71.03 8.29
2014-06-30 63.74 86.08 8.22
2014-03-31 61.00 63.09 7.29
2013-12-31 58.52 89.43 6.80
2013-09-30 55.71 50.71 6.82
2013-06-30 53.69 48.38 8.06
2013-03-31 52.51 61.66 7.58
2012-12-31 51.86 40.84 6.64
2012-09-30 52.38 25.63 5.45
2012-06-30 51.99 23.81 3.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Corporación Inmobiliaria Vesta. de has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Corporación Inmobiliaria Vesta. de used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Corporación Inmobiliaria Vesta. de has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Corporación Inmobiliaria Vesta. de's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Corporación Inmobiliaria Vesta. de has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Corporación Inmobiliaria Vesta. de's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Corporación Inmobiliaria Vesta. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corporación Inmobiliaria Vesta. de is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corporación Inmobiliaria Vesta. de's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Corporación Inmobiliaria Vesta. de's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Corporación Inmobiliaria Vesta. de Company Filings, last reported 1 month ago.

OTCPK:VEST.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,021.74 701.50 59.52
2018-12-31 1,053.70 699.80 65.16
2018-09-30 1,067.03 699.43 90.14
2018-06-30 1,014.73 699.23 100.55
2018-03-31 1,008.86 609.05 97.97
2017-12-31 1,022.33 581.99 91.09
2017-09-30 1,014.96 510.60 141.33
2017-06-30 1,003.71 376.41 18.85
2017-03-31 988.32 376.07 23.43
2016-12-31 959.38 340.87 48.67
2016-09-30 960.76 340.73 92.20
2016-06-30 944.17 340.42 114.76
2016-03-31 983.42 342.42 199.50
2015-12-31 974.79 344.76 225.20
2015-09-30 974.36 346.71 234.50
2015-06-30 1,002.67 349.11 26.54
2015-03-31 988.51 350.96 43.58
2014-12-31 797.74 306.74 101.87
2014-09-30 801.30 308.61 9.22
2014-06-30 798.67 310.92 11.37
2014-03-31 782.17 312.73 11.93
2013-12-31 789.59 318.03 236.82
2013-09-30 746.90 319.83 150.75
2013-06-30 539.48 322.33 6.68
2013-03-31 539.62 324.53 38.92
2012-12-31 517.23 327.86 157.29
2012-09-30 503.85 347.81 211.07
2012-06-30 282.98 351.68 4.90
  • Corporación Inmobiliaria Vesta. de's level of debt (68.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40% vs 68.7% today).
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Corporación Inmobiliaria Vesta. de's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Corporación Inmobiliaria Vesta. de has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Corporación Inmobiliaria Vesta. de's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.49%
Current annual income from Corporación Inmobiliaria Vesta. de dividends. Estimated to be 5.94% next year.
If you bought $2,000 of Corporación Inmobiliaria Vesta. de shares you are expected to receive $30 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Corporación Inmobiliaria Vesta. de's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Corporación Inmobiliaria Vesta. de's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:VEST.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:VEST.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.09 4.00
2020-12-31 0.09 7.00
2019-12-31 0.09 6.00
OTCPK:VEST.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.022 1.457
2019-02-14 0.022 1.515
2018-04-27 0.072 5.565
2018-04-26 0.079 5.601
2018-02-15 0.079 5.504
2018-02-14 0.079 5.628
2017-04-27 0.061 4.745
2017-02-15 0.064 4.878
2017-02-14 0.064 5.587
2016-04-25 0.046 3.393
2015-07-23 0.035 2.293
2015-04-24 0.035 2.016
2015-04-22 0.034 1.825
2014-04-29 0.033 1.623
2014-02-27 0.033 1.686
2013-04-30 0.027 1.379
2013-02-21 0.027 1.260
2013-01-15 0.027 1.381

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Inmobiliaria Vesta. de has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Corporación Inmobiliaria Vesta. de has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Corporación Inmobiliaria Vesta. de's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Corporación Inmobiliaria Vesta. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Corporación Inmobiliaria Vesta. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corporación Inmobiliaria Vesta. de has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Corporación Inmobiliaria Vesta. de's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lorenzo Berho Carranza
AGE 35
TENURE AS CEO 0.8 years
CEO Bio

Mr. Lorenzo Dominique Berho Carranza is Chief Executive Officer of Corporación Inmobiliaria Vesta, S.A.B. de C.V. since August 1, 2018.

CEO Compensation
  • Insufficient data for Lorenzo to compare compensation growth.
  • Insufficient data for Lorenzo to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Corporación Inmobiliaria Vesta. de management team in years:

0.8
Average Tenure
  • The average tenure for the Corporación Inmobiliaria Vesta. de management team is less than 2 years, this suggests a new team.
Management Team

Lorenzo Berho Carranza

TITLE
Chief Executive Officer
AGE
35
TENURE
0.8 yrs

Juan Sottil Achutegui

TITLE
Chief Financial Officer
AGE
57
TENURE
10.3 yrs

Christianne Ibañez

TITLE
Investor Relation Officer

Rodolfo García

TITLE
Sales Manager

Lucia Domville

TITLE
Senior Managing Director of Grayling

Elias Laborín

TITLE
Chief Commercial Officer
TENURE
0.8 yrs

Diego Carranza

TITLE
Chief Portfolio Officer
TENURE
0.8 yrs

Alejandro Pucheu Romero

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Corporación Inmobiliaria Vesta. de board of directors in years:

8.3
Average Tenure
57.5
Average Age
  • The tenure for the Corporación Inmobiliaria Vesta. de board of directors is about average.
Board of Directors

Lorenzo Berho Corona

TITLE
Chairman of the Board
AGE
57
TENURE
18.3 yrs

Lorenzo Berho Carranza

TITLE
Chief Executive Officer
AGE
35
TENURE
18.3 yrs

José Pujals Fuentes

TITLE
Independent Alternate Director
AGE
78
TENURE
13.3 yrs

John Foster

TITLE
Independent Director
AGE
59
TENURE
8.3 yrs

Jorge Alberto De Jesus Delgado Herrera

TITLE
Independent Alternate Director
AGE
71
TENURE
8.3 yrs

Javier Mancera Arrigunaga

TITLE
Independent Alternate Director
AGE
57
TENURE
8.3 yrs

Luis Javier Solloa Hernández

TITLE
Independent Alternate Director
AGE
51
TENURE
4.3 yrs

Stephen Williams

TITLE
Independent Director
AGE
67
TENURE
18.3 yrs

Francisco Uranga Thomas

TITLE
Independent Director
AGE
54
TENURE
8.3 yrs

Luis De la Calle Pardo

TITLE
Independent Director
AGE
58
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Corporación Inmobiliaria Vesta. de's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Corporación Inmobiliaria Vesta. de has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Corporación Inmobiliaria Vesta S.A.B. de C.V., together with its subsidiaries, acquires, develops, operates, and leases industrial buildings and distribution facilities in Mexico. Corporación Inmobiliaria Vesta S.A.B. de C.V. was founded in 1998 and is based in Mexico City, Mexico.

Details
Name: Corporación Inmobiliaria Vesta S.A.B. de C.V.
VEST.F
Exchange: OTCPK
Founded: 1998
MX$889,610,126
600,825,599
Website: http://www.vesta.com.mx
Address: Corporación Inmobiliaria Vesta S.A.B. de C.V.
Paseo de los Tamarindos 90,
Torre 2, piso 28,
Mexico City,
Distrito Federal, 05120,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV VESTA * Series B Variable Shares Bolsa Mexicana de Valores MX MXN 23. Jul 2012
OTCPK VEST.F Series B Variable Shares Pink Sheets LLC US USD 23. Jul 2012
Number of employees
Current staff
Staff numbers
90
Corporación Inmobiliaria Vesta. de employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:34
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.