OTCPK:VEST.F

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Corporación Inmobiliaria Vesta. de

Executive Summary

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.


Snowflake Analysis

Undervalued average dividend payer.

Share Price & News

How has Corporación Inmobiliaria Vesta. de's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VEST.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

VEST.F

3.0%

US Real Estate

1.0%

US Market


1 Year Return

-23.8%

VEST.F

-27.6%

US Real Estate

4.1%

US Market

Return vs Industry: VEST.F exceeded the US Real Estate industry which returned -27.6% over the past year.

Return vs Market: VEST.F underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

VEST.FIndustryMarket
7 Day0%3.0%1.0%
30 Day0%2.7%5.4%
90 Dayn/a-35.1%-5.7%
1 Year-23.8%-23.8%-27.1%-27.6%6.5%4.1%
3 Year-17.5%-17.5%-24.6%-26.2%28.3%19.8%
5 Year-36.5%-36.5%-33.2%-35.3%52.2%35.0%

Price Volatility Vs. Market

How volatile is Corporación Inmobiliaria Vesta. de's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Corporación Inmobiliaria Vesta. de undervalued compared to its fair value and its price relative to the market?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VEST.F ($1.15) is trading below our estimate of fair value ($1.86)

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


Price To Earnings Ratio

PE vs Industry: VEST.F is good value based on its PE Ratio (9.2x) compared to the Real Estate industry average (14.4x).

PE vs Market: VEST.F is good value based on its PE Ratio (9.2x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: VEST.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: VEST.F is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1x).


Next Steps

Future Growth

How is Corporación Inmobiliaria Vesta. de forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VEST.F's earnings are forecast to decline over the next 3 years (-15% per year).

Earnings vs Market: VEST.F's earnings are forecast to decline over the next 3 years (-15% per year).

High Growth Earnings: VEST.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: VEST.F's revenue (8.5% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: VEST.F's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VEST.F's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

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

34.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VEST.F has a large one-off gain of $104.0M impacting its March 31 2020 financial results.

Growing Profit Margin: VEST.F's current net profit margins (59.9%) are higher than last year (57.6%).


Past Earnings Growth Analysis

Earnings Trend: VEST.F's earnings have grown significantly by 34.3% per year over the past 5 years.

Accelerating Growth: VEST.F's earnings growth over the past year (10%) is below its 5-year average (34.3% per year).

Earnings vs Industry: VEST.F earnings growth over the past year (10%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: VEST.F's Return on Equity (8.7%) is considered low.


Next Steps

Financial Health

How is Corporación Inmobiliaria Vesta. de's financial position?


Financial Position Analysis

Short Term Liabilities: VEST.F's short term assets ($156.5M) exceed its short term liabilities ($17.7M).

Long Term Liabilities: VEST.F's short term assets ($156.5M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: VEST.F's debt to equity ratio (78.5%) is considered high.

Reducing Debt: VEST.F's debt to equity ratio has increased from 35.5% to 78.5% over the past 5 years.

Debt Coverage: VEST.F's debt is not well covered by operating cash flow (11.3%).

Interest Coverage: VEST.F's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


Next Steps

Dividend

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

6.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VEST.F's dividend (6.54%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: VEST.F's dividend (6.54%) is in the top 25% of dividend payers in the US market (4.73%)


Stability and Growth of Payments

Stable Dividend: VEST.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: VEST.F's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60%), VEST.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VEST.F's dividends in 3 years are forecast to be covered by earnings (62.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Lorenzo Dominique Berho Carranza (36yo)

1.75yrs

Tenure

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


Leadership Team

NamePositionTenureCompensationOwnership
Lorenzo Dominique Berho Carranza
Chief Executive Officer1.75yrsno data0.24% $1.8m
Juan Felipe Sottil Achutegui
Chief Financial Officer11.33yrsno data0.13% $1.0m
Guillermo Díaz Cupido
Director of Investmentsno datano data0.0044% $33.6k
Fernanda Bettinger
Investor Relations Officer0.33yrno datano data
Rodolfo Gerardo Balmaced García
Sales Managerno datano datano data
Lucia Domville
Senior Managing Director of Graylingno datano datano data
Elias Laniado Laborín
Chief Commercial Officer1.75yrsno datano data
Diego Berho Carranza
Chief Portfolio Officer1.75yrsno datano data
Francisco Estrada Gomez Pezuela
Senior Vice President of New Business Bajiono datano data0.19% $1.5m
Alejandro Pucheu Romero
Secretaryno datano data0.067% $513.3k

1.8yrs

Average Tenure

Experienced Management: VEST.F's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lorenzo Dominique Berho Carranza
Chief Executive Officer1.75yrsno data0.24% $1.8m
John Foster
Independent Director9.33yrsno datano data
Francisco S. Uranga Thomas
Independent Director9.33yrsno datano data
Stephen Williams
Independent Director19.33yrsno datano data
Lorenzo Manuel Berho Corona
Chairman of the Board19.33yrsno data6.08% $46.8m
Luis De la Calle Pardo
Independent Director9.33yrsno datano data
Wilfrido Castillo Sánchez Mejorada
Independent Director6.33yrsno datano data
Óscar Francisco Cázares Elías
Independent Director6.33yrsno datano data
José Manuel Domínguez Díaz Ceballos
Independent Director5.33yrsno datano data
Luis Javier Solloa Hernández
Independent Alternate Director5.33yrsno datano data

9.3yrs

Average Tenure

59yo

Average Age

Experienced Board: VEST.F's board of directors are considered experienced (9.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Corporación Inmobiliaria Vesta S.A.B. de C.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Corporación Inmobiliaria Vesta S.A.B. de C.V.
  • Ticker: VEST.F
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: Mex$17.331b
  • Listing Market Cap: Mex$769.441m
  • Shares outstanding: 564.70m
  • Website: https://www.vesta.com.mx

Number of Employees


Location

  • Corporación Inmobiliaria Vesta S.A.B. de C.V.
  • Paseo de los Tamarindos 90
  • Torre 2, piso 28
  • Mexico City
  • Distrito Federal
  • 5120
  • Mexico

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VESTA *BMV (Bolsa Mexicana de Valores)YesSeries B Variable SharesMXMXNJul 2012
VEST.FOTCPK (Pink Sheets LLC)YesSeries B Variable SharesUSUSDJul 2012

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 03:34
End of Day Share Price2020/03/30 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.