VGP.BR
SellFallen FavouriteVGP NV · Real Estate · Belgium · $2.4B · Avg Vol: $3M/d
Fallen Favourite: A good business that is expensive and falling. Wait for the price to catch up.
ABOUT VGP NV
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VGP NV is a leading European developer, manager, and owner of high-quality logistics and semi-industrial real estate. The company operates a highly successful, capital-light business model through long-term joint ventures with Allianz Real Estate, which allows it to recycle capital rapidly. Its competitive advantage is driven by a strategic, high-value land bank located near major European transport hubs and a strong track record of build-to-suit developments for blue-chip tenants.
FINANCIAL SUMMARY (EUR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 88.3M | 120.2M | 125.5M | 174.9M | 25.6% | 210.3M | 187.2M | 203.6M | 7.9% |
| EPS (EUR) | -5.49 | 3.20 | 10.52 | 10.64 | 82.3% | 8.35 | 4.46 | 4.99 | -31.5% |
| Shares | 27.3M | 27.3M | 27.3M | 27.3M | 0.0% | 30.3M | — | — | — |
| Debt | 2.4B | 2.0B | 2.1B | 2.4B | -0.2% | 2.7B | — | — | — |
| Equity | 2.2B | 2.2B | 2.4B | 2.6B | 5.7% | — | — | — | — |
| Op CF | -70.6M | -27.3M | 33.0M | 50.9M | 54.3% | 26.7M | — | — | — |
| Inv CF | -566.1M | -8.1M | 331.4M | -171.3M | — | — | — | — | — |
| Fin CF | 1.1B | -450.1M | -90.9M | 151.5M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of VGP.BR are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| VGP.BR | VGP NV(you) | $2.4B | 21 | Sell |
| INCLU.BR | Inclusio SA | $146M | 54 | Hold |
| TEXF.BR | Texaf S.A. | $154M | 55 | Hold |
| XIOR.BR | Xior Student Housing NV | $1.3B | 42 | Hold |
| MONT.BR | Montea Comm. VA | $1.7B | 50 | Hold |
| WDP.BR | Warehouses De Pauw SA | $5.7B | 49 | Hold |
| AED.BR | Aedifica NV/SA | $6.2B | 62 | Hold |
| CPINV.BR | Care Property Invest NV | $593M | 61 | Hold |
| HOMI.BR | Home Invest Belgium S.A. | $401M | 64 | Hold |
| ATEB.BR | Atenor SA | $73M | 11 | Strong Sell |
Peer medians: ROE 8.3% · P/E 8.6x · Gross margin 83.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.