Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
VGP NV is a pan-European real estate company that develops, owns, and manages high-quality logistics and semi-industrial properties along with ancillary offices. Founded in 1998 as a family-owned developer in the Czech Republic, it has expanded to operate across numerous countries including Germany, Austria, the Netherlands, Spain, Portugal, Italy, the Czech Republic, Slovakia, Hungary, Romania, Latvia, Croatia, France, Denmark, Serbia, and the United Kingdom, with headquarters in Antwerp, Belgium. The company leases its modern facilities to logistics sector tenants for activities such as storing, assembling, re-conditioning, and final treatment of goods, while providing comprehensive services like property management, asset management, project management, facility maintenance, waste management, and green energy solutions through roof-fixed solar panels and electric charging infrastructure. Employing around 413 people, VGP NV plays a key role in the real estate sector by delivering fully integrated solutions that support industrial and logistics operations, fostering economic growth in dynamic European markets. Key executives include founder and CEO Jan Van Geet, alongside specialized leaders in finance, development, and technical operations.
€80.10
€1.50 (-1.84%)
EOD Jun 23, 2026 · Twelve Data
44.27% operating margin is above average. ROIC at 1.41%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 39.3% YoY with margins expanding 14.5pp.
Net debt of €1.84B represents 36.1x FCF, leverage limits flexibility.
7.5x earnings, 43.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€175M
▲ +39.3% YoY
Net Income (TTM)
€290M
▲ +1.2% YoY
Op. Margin
44.27%
▲ +14.5pp YoY
ROIC
1.41%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€51M
▲ +54.3% YoY
Op. Cash Flow (TTM)
€318M
▲ +4.3% YoY
Net Debt
€1.84B
Cash & Equiv.
€523M
3Y CAGR: +25.6%
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At a P/E of 7.5 and a price-to-free-cash-flow of 43.0, Vgp NV (VGP.XBRU) trades above a two-stage DCF intrinsic value of about €26.83 per share, so at €80.10 the stock looks overvalued (66.5% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Vgp NV scores 61/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €26.83 per share for VGP.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €20.12. At today's €80.10, that puts the stock about 66.5% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Vgp NV scores 61 out of 100 on Intrinsiqq's quality score, passing 4 of 8 checks, which makes it a solid business on these measures. Recent fundamentals include a 44.3% operating margin and a 1.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Vgp NV pays a regular dividend of about €3.30 per share per year (typically in quarterly installments), a yield of roughly 4.1% at the current price. That is a payout ratio of about 31.0% of earnings, so the dividend is amply covered by earnings. Vgp NV has grown the dividend at roughly 4.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For VGP.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. VGP.XBRU currently trades above its estimated intrinsic value and scores 61/100 on quality (solid). It also yields about 4.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.