Relative Value

The Relative Value of one VGP stock under the Base Case scenario is 103.22 EUR. Compared to the current market price of 80.8 EUR, VGP NV is Undervalued by 22%.

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.

VGP Relative Value
Base Case
103.22 EUR
Undervaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
93
vs Industry
4
Median 3Y
27.8
Median 5Y
30.5
Industry
3.6
Forward
10.7
vs History
41
vs Industry
40
Median 3Y
6.8
Median 5Y
7.5
Industry
16.4
Forward
17.3
vs History
vs Industry
Median 3Y
-54.3
Median 5Y
-54.3
Industry
11
vs History
3
vs Industry
Median 3Y
2.2
Median 5Y
3
Industry
12.7
vs History
90
vs Industry
36
Median 3Y
1.1
Median 5Y
1.3
Industry
0.8
vs History
93
vs Industry
3
Median 3Y
42.5
Median 5Y
54
Industry
6.4
Forward
17.8
vs History
92
vs Industry
8
Median 3Y
49.4
Median 5Y
63.9
Industry
11.9
vs History
28
vs Industry
5
Median 3Y
79.7
Median 5Y
-314.4
Industry
15.8
Forward
20.8
vs History
28
vs Industry
4
Median 3Y
97.8
Median 5Y
-277
Industry
18.9
Forward
15.8
vs History
vs Industry
Median 3Y
-77.6
Median 5Y
-74
Industry
18.5
vs History
vs Industry
Median 3Y
-77.6
Median 5Y
-74
Industry
20.3
vs History
80
vs Industry
28
Median 3Y
1
Median 5Y
1.1
Industry
0.7

Multiples Across Competitors

VGP Competitors Multiples
VGP NV Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
BE
VGP NV
XBRU:VGP
2.2B EUR 20.7 7.7 79.6 97.9
CN
FLJ Group Ltd
NASDAQ:XHG
133.7B USD 3 355.9 -4 266.6 -71 316.6 -69 972.2
DE
Vonovia SE
XETRA:VNA
23.8B EUR 4.6 -26.7 24.3 25.7
HK
Swire Properties Ltd
HKEX:1972
97.7B HKD 6.8 -127.5 16.3 17.3
PH
SM Prime Holdings Inc
XPHS:SMPH
688.2B PHP 4.8 14.7 11.1 13.5
CN
Zhejiang China Commodities City Group Co Ltd
SSE:600415
85.7B CNY 5.3 27.1 21.4 21.4
BM
Hongkong Land Holdings Ltd
SGX:H78
11.1B USD 5.5 -8 26.4 27
CN
China Resources Mixc Lifestyle Services Ltd
HKEX:1209
86.1B HKD 4.7 22.1 14.8 14.8
CH
Swiss Prime Site AG
SIX:SPSN
8.7B CHF 13.2 24.1 31.7 32.3
DE
Deutsche Wohnen SE
XETRA:DWNI
9.2B EUR 4.9 -15.6 16.5 17.2
SE
Sagax AB
STO:SAGA A
98B SEK 19.6 18.7 32 32
P/E Multiple
Earnings Growth PEG
BE
VGP NV
XBRU:VGP
Average P/E: 19.1
7.7
-17%
N/A
CN
FLJ Group Ltd
NASDAQ:XHG
Negative Multiple: -4 266.6 N/A N/A
DE
Vonovia SE
XETRA:VNA
Negative Multiple: -26.7 N/A N/A
HK
S
Swire Properties Ltd
HKEX:1972
Negative Multiple: -127.5 N/A N/A
PH
S
SM Prime Holdings Inc
XPHS:SMPH
14.7
8%
1.8
CN
Zhejiang China Commodities City Group Co Ltd
SSE:600415
27.1
28%
1
BM
Hongkong Land Holdings Ltd
SGX:H78
Negative Multiple: -8 N/A N/A
CN
China Resources Mixc Lifestyle Services Ltd
HKEX:1209
22.1
15%
1.5
CH
Swiss Prime Site AG
SIX:SPSN
24.1
1%
24.1
DE
Deutsche Wohnen SE
XETRA:DWNI
Negative Multiple: -15.6 N/A N/A
SE
S
Sagax AB
STO:SAGA A
18.7
6%
3.1