Corporacion Inmobiliaria Vesta SAB de CV (BMV:VESTA)

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Price: 52.23 MXN 1.22%

Market Cap: 46.1B MXN

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Section:

Relative Value

The Relative Value of one VESTA stock under the Base Case scenario is 85.76 MXN. Compared to the current market price of 52.23 MXN, Corporacion Inmobiliaria Vesta SAB de CV is Undervalued by 39%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

VESTA Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

9.3

P/S

vs History	31
vs Industry	17

Median 5Y

7.1

Industry

3.6

Forward

8.5

More Details

5.7

P/E

vs History	95
vs Industry	49

Median 5Y

7.2

Industry

16.7

Forward

9.6

More Details

P/OCF

vs History	11
vs Industry	11

Median 5Y

15.1

Industry

10.9

More Details

Negative

P/FCFE

vs History
vs Industry	11

Median 5Y

4.1

Industry

13.3

More Details

0.8

P/B

vs History	80
vs Industry	33

Median 5Y

Industry

0.8

More Details

11.6

EV/S

vs History	42
vs Industry	27

Median 5Y

10.8

Industry

6.6

Forward

10.7

More Details

12.8

EV/GP

vs History	39
vs Industry	45

Median 5Y

11.8

Industry

11.9

More Details

14.9

EV/EBITDA

vs History	34
vs Industry	44

Median 5Y

13.6

Industry

15.8

Forward

13.2

More Details

EV/EBIT

vs History	36
vs Industry	47

Median 5Y

13.7

Industry

Forward

13.8

More Details

36.2

EV/OCF

vs History	7
vs Industry	17

Median 5Y

21.3

Industry

18.5

More Details

Negative

EV/FCFF

vs History
vs Industry	27

Median 5Y

-16.2

Industry

20.1

More Details

0.8

EV/IC

vs History	71
vs Industry	32

Median 5Y

0.8

Industry

0.7

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	45.4B MXN	9.3	5.7	14.9	15
DE		Vonovia SE XETRA:VNA	24.2B EUR	50.2	-8.5	-35.4	-31.7
PH	S	SM Prime Holdings Inc XPHS:SMPH	715.6B PHP	5.4	16.8	12.7	15.6
HK	S	Swire Properties Ltd HKEX:1972	92.7B HKD	6.3	41.9	15	15
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	76.1B CNY	5.4	28.3	25.3	25.3
IL		Azrieli Group Ltd TASE:AZRG	35.3B ILS	11.4	17	17.8	18.2
DE		Deutsche Wohnen SE XETRA:DWNI	9.2B EUR	7.6	-37.3	16.2	23.4
SG		Capitaland Investment Ltd SGX:9CI	13.3B SGD	4.8	73.3	22.8	26.8
BM		Hongkong Land Holdings Ltd SGX:H78	9.8B USD	4.5	-9	22.9	23.4
SE	S	Sagax AB STO:SAGA A	105.5B SEK	21.9	27.6	34.4	34.4
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	64.4B HKD	3.8	17.6	11.9	11.9

				Revenue Growth	P/S to Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average P/S: 11.9 9.3	66%	0.1
DE		Vonovia SE XETRA:VNA	50.2	N/A	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	5.4	31%	0.2
HK	S	Swire Properties Ltd HKEX:1972	6.3	17%	0.4
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	5.4	81%	0.1
IL		Azrieli Group Ltd TASE:AZRG	11.4	-6%	N/A
DE		Deutsche Wohnen SE XETRA:DWNI	7.6	16%	0.5
SG		Capitaland Investment Ltd SGX:9CI	4.8	9%	0.5
BM		Hongkong Land Holdings Ltd SGX:H78	4.5	7%	0.7
SE	S	Sagax AB STO:SAGA A	21.9	40%	0.5
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	3.8	63%	0.1

				Earnings Growth	P/E to Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average P/E: 28.5 5.7	-41%	N/A
DE		Vonovia SE XETRA:VNA	Negative Multiple: -8.5	N/A	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	16.8	35%	0.5
HK	S	Swire Properties Ltd HKEX:1972	41.9	225%	0.2
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	28.3	59%	0.5
IL		Azrieli Group Ltd TASE:AZRG	17	-36%	N/A
DE		Deutsche Wohnen SE XETRA:DWNI	Negative Multiple: -37.3	N/A	N/A
SG		Capitaland Investment Ltd SGX:9CI	73.3	393%	0.2
BM		Hongkong Land Holdings Ltd SGX:H78	Negative Multiple: -9	N/A	N/A
SE	S	Sagax AB STO:SAGA A	27.6	N/A	N/A
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	17.6	70%	0.3

				EBITDA Growth	EV/EBITDA to Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average EV/EBITDA: 19.4 14.9	70%	0.2
DE		Vonovia SE XETRA:VNA	Negative Multiple: -35.4	N/A	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	12.7	32%	0.4
HK	S	Swire Properties Ltd HKEX:1972	15	27%	0.6
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	25.3	202%	0.1
IL		Azrieli Group Ltd TASE:AZRG	17.8	39%	0.5
DE		Deutsche Wohnen SE XETRA:DWNI	16.2	21%	0.8
SG		Capitaland Investment Ltd SGX:9CI	22.8	74%	0.3
BM		Hongkong Land Holdings Ltd SGX:H78	22.9	7%	3.1
SE	S	Sagax AB STO:SAGA A	34.4	55%	0.6
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	11.9	82%	0.1

				EBIT Growth	EV/EBIT to Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average EV/EBIT: 20.9 15	70%	0.2
DE		Vonovia SE XETRA:VNA	Negative Multiple: -31.7	N/A	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	15.6	34%	0.5
HK	S	Swire Properties Ltd HKEX:1972	15	26%	0.6
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	25.3	157%	0.2
IL		Azrieli Group Ltd TASE:AZRG	18.2	44%	0.4
DE		Deutsche Wohnen SE XETRA:DWNI	23.4	308%	0.1
SG		Capitaland Investment Ltd SGX:9CI	26.8	105%	0.3
BM		Hongkong Land Holdings Ltd SGX:H78	23.4	1%	43.1
SE	S	Sagax AB STO:SAGA A	34.4	71%	0.5
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	11.9	76%	0.2

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

	Franklin Covey Co NYSE:FC	36.41 USD -1.03%
	Mohawk Industries Inc NYSE:MHK	119.16 USD 2%
	Ardmore Shipping Corp NYSE:ASC	11.31 USD 0.18%
	ASGN Inc NYSE:ASGN	83.87 USD -0.97%
	Skyworks Solutions Inc NASDAQ:SWKS	88.75 USD 0.56%
	Weatherford International PLC NASDAQ:WFRD	67.1 USD -2.13%

	Johnson & Johnson NYSE:JNJ	144.47 USD 0.62%
	Bank of America Corp NYSE:BAC	44.17 USD 1.82%
	Mastercard Inc NYSE:MA	528.03 USD 0.91%
	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Abbvie Inc NYSE:ABBV	175.58 USD 2.37%
	Home Depot Inc NYSE:HD	392.6 USD 1.97%

	Arista Networks Inc NYSE:ANET	112.81 USD 3.43%
	Visa Inc NYSE:V	317.71 USD 0.9%
	Texas Pacific Land Corp NYSE:TPL	1 133.12 USD 3.36%
	KLA Corp NASDAQ:KLAC	629.37 USD 1.16%
	Manhattan Associates Inc NASDAQ:MANH	280.26 USD -0.81%
	Pinduoduo Inc NASDAQ:PDD	99.51 USD -1.48%

	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Accenture PLC NYSE:ACN	366.37 USD -1.56%
	ServiceNow Inc NYSE:NOW	1 091.25 USD 1.52%
	EOG Resources Inc NYSE:EOG	119.04 USD 0.69%
	Copart Inc NASDAQ:CPRT	58.22 USD -0.39%
	Applied Materials Inc NASDAQ:AMAT	163.59 USD 1.33%

Corporacion Inmobiliaria Vesta SAB de CV
BMV:VESTA

Relative Value

Valuation Multiples

Multiples Across Competitors

VESTA Competitors Multiples
Corporacion Inmobiliaria Vesta SAB de CV Competitors

See Also

Company

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52 Week Range	48.05 67.5
Price Target

Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA

Relative Value

Valuation Multiples

Multiples Across Competitors

VESTA Competitors Multiples Corporacion Inmobiliaria Vesta SAB de CV Competitors

See Also

Company

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Corporacion Inmobiliaria Vesta SAB de CV
BMV:VESTA

VESTA Competitors Multiples
Corporacion Inmobiliaria Vesta SAB de CV Competitors