Corporacion Inmobiliaria Vesta SAB de CV (BMV:VESTA)

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Price: 49.87 MXN 0.08%

Market Cap: 44B MXN

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Section:

Relative Value

The Relative Value of one VESTA stock under the Base Case scenario is 87.62 MXN. Compared to the current market price of 49.87 MXN, Corporacion Inmobiliaria Vesta SAB de CV is Undervalued by 43%.

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

8.7

P/S

vs History	31
vs Industry	17

Median 5Y

7.1

Industry

3.7

Forward

More Details

5.3

P/E

vs History	95
vs Industry	49

Median 5Y

7.2

Industry

16.6

Forward

More Details

27.2

P/OCF

vs History	11
vs Industry	11

Median 5Y

14.1

Industry

11.2

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

0.9

More Details

EV/S

vs History	42
vs Industry	27

Median 5Y

10.6

Industry

6.7

Forward

10.1

More Details

12.1

EV/GP

vs History	39
vs Industry	45

Median 5Y

11.4

Industry

More Details

14.2

EV/EBITDA

vs History	34
vs Industry	44

Median 5Y

13.1

Industry

Forward

12.5

More Details

14.3

EV/EBIT

vs History	36
vs Industry	47

Median 5Y

13.2

Industry

19.2

Forward

More Details

34.4

EV/OCF

vs History	7
vs Industry	17

Median 5Y

21.2

Industry

18.6

More Details

Negative

EV/FCFF

vs History
vs Industry	27

Median 5Y

-15.9

Industry

More Details

0.7

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	43.3B MXN	8.7	5.3	14.2	14.3
DE		Vonovia SE XETRA:VNA	24.8B EUR	51.4	-8.7	-35.7	-32
PH	S	SM Prime Holdings Inc XPHS:SMPH	793.5B PHP	6	18.6	13.7	16.8
HK	S	Swire Properties Ltd HKEX:1972	93.2B HKD	6.4	42.2	15.1	15.1
SG		Capitaland Investment Ltd SGX:9CI	14.2B SGD	5.1	78.6	23.8	27.9
BM		Hongkong Land Holdings Ltd SGX:H78	10.3B USD	4.8	-9.5	23.8	24.3
DE		Deutsche Wohnen SE XETRA:DWNI	9.4B EUR	7.8	-38.1	16.4	23.7
SE	S	Sagax AB STO:SAGA A	108.3B SEK	22.5	28.3	35.2	35.2
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	68.7B CNY	4.9	25.5	23	23
IL		Azrieli Group Ltd TASE:AZRG	34.3B ILS	11.3	16.7	17.6	18.1
SE		Fastighets AB Balder STO:BALD B	94.5B SEK	7.5	-19.4	35	35.5

				Revenue Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average P/S: 12.4 8.7	66%
DE		Vonovia SE XETRA:VNA	51.4	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	6	31%
HK	S	Swire Properties Ltd HKEX:1972	6.4	17%
SG		Capitaland Investment Ltd SGX:9CI	5.1	9%
BM		Hongkong Land Holdings Ltd SGX:H78	4.8	7%
DE		Deutsche Wohnen SE XETRA:DWNI	7.8	16%
SE	S	Sagax AB STO:SAGA A	22.5	40%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	4.9	81%
IL		Azrieli Group Ltd TASE:AZRG	11.3	-6%
SE		Fastighets AB Balder STO:BALD B	7.5	16%

				Earnings Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average P/E: 30.8 5.3	-41%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -8.7	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	18.6	35%
HK	S	Swire Properties Ltd HKEX:1972	42.2	227%
SG		Capitaland Investment Ltd SGX:9CI	78.6	375%
BM		Hongkong Land Holdings Ltd SGX:H78	Negative Multiple: -9.5	N/A
DE		Deutsche Wohnen SE XETRA:DWNI	Negative Multiple: -38.1	N/A
SE	S	Sagax AB STO:SAGA A	28.3	N/A
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	25.5	59%
IL		Azrieli Group Ltd TASE:AZRG	16.7	-36%
SE		Fastighets AB Balder STO:BALD B	Negative Multiple: -19.4	N/A

				EBITDA Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average EV/EBITDA: 21.8 14.2	73%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -35.7	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	13.7	32%
HK	S	Swire Properties Ltd HKEX:1972	15.1	27%
SG		Capitaland Investment Ltd SGX:9CI	23.8	69%
BM		Hongkong Land Holdings Ltd SGX:H78	23.8	7%
DE		Deutsche Wohnen SE XETRA:DWNI	16.4	21%
SE	S	Sagax AB STO:SAGA A	35.2	55%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23	202%
IL		Azrieli Group Ltd TASE:AZRG	17.6	39%
SE		Fastighets AB Balder STO:BALD B	35	81%

				EBIT Growth
MX		Corporacion Inmobiliaria Vesta SAB de CV BMV:VESTA	Average EV/EBIT: 23.4 14.3	71%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -32	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	16.8	34%
HK	S	Swire Properties Ltd HKEX:1972	15.1	28%
SG		Capitaland Investment Ltd SGX:9CI	27.9	115%
BM		Hongkong Land Holdings Ltd SGX:H78	24.3	0%
DE		Deutsche Wohnen SE XETRA:DWNI	23.7	313%
SE	S	Sagax AB STO:SAGA A	35.2	72%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23	149%
IL		Azrieli Group Ltd TASE:AZRG	18.1	44%
SE		Fastighets AB Balder STO:BALD B	35.5	99%

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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

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Company

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52 Week Range	49.83 67.87
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