VGP NV
XBRU:VGP

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VGP NV
XBRU:VGP
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Price: 88.8 EUR -1.99% Market Closed
Market Cap: €2.4B

EV/S

23.2
Current
32%
Cheaper
vs 3-y average of 34

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
23.2
=
Enterprise Value
€4B
/
Revenue
€172m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
23.2
=
Enterprise Value
€4B
/
Revenue
€172m

Valuation Scenarios

VGP NV is trading below its 3-year average

If EV/S returns to its 3-Year Average (34), the stock would be worth €130.06 (46% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-92%
Maximum Upside
+74%
Average Downside
5%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 23.2 €88.8
0%
3-Year Average 34 €130.06
+46%
5-Year Average 40.5 €154.79
+74%
Industry Average 12 €45.91
-48%
Country Average 1.8 €6.85
-92%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
€4B
/
Jan 2026
€172m
=
23.2
Current
€4B
/
Dec 2026
€243.8m
=
16.6
Forward
€4B
/
Dec 2027
€273.4m
=
14.8
Forward
€4B
/
Dec 2028
€218.6m
=
18.5
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Higher than 95% of companies in Belgium
Percentile
95th
Based on 398 companies
95th percentile
23.2
Low
0.1 — 1.1
Typical Range
1.1 — 5.5
High
5.5 —
Distribution Statistics
Belgium
Min 0.1
30th Percentile 1.1
Median 1.8
70th Percentile 5.5
Max 217.1

VGP NV
Glance View

Market Cap
2.4B EUR
Industry
Real Estate

In the world of logistics and real estate, VGP NV stands out as a dynamic player specializing in the development and management of industrial parks. Founded in 1998 by Jan Van Geet, the company has carved a niche for itself by focusing on the development of high-end commercial real estate. It operates primarily across Europe, notably in countries like Germany, the Czech Republic, and Spain. VGP NV harnesses strategic locations and leverages its deep expertise in real estate to provide modern, sustainable logistics and semi-industrial buildings. These facilities are tailored for diverse sectors, ranging from e-commerce to automotive, offering the infrastructure needed for companies to excel in a rapidly evolving market landscape. The financial lifeblood of VGP NV is its build-and-hold strategy, which involves the development of industrial parks that are either leased out to clients or sold to institutional investors. Revenue streams flow from rental income, development fees, and the strategic sale of assets. The company smartly collaborates with partners, often through joint ventures, which allows it to balance financial risk while maximizing growth potential. Moreover, VGP NV's focus on sustainability and state-of-the-art facilities helps attract a robust clientele, ensuring a steady demand for its properties. This approach not only cements its reputation as a reliable developer but also positions VGP NV as a critical enabler in the supply chain industry, where efficiency and location are paramount.

VGP Intrinsic Value
135.37 EUR
Undervaluation 34%
Intrinsic Value
Price €88.8
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