EN DE

CTP N.V (CTPNV) Fair Value & Analysis

Real Estate · NL · Market cap €8.0B

CN CTP N.V CTPNV · AS
Price€15.16
Fair Value€13.00
Upside-14.3%
Quality36/100
Watch CTP N.V for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Highly profitable · 109.5% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/15)
Moderate moat 49/100
Evidence: High Range €9.75 – €16.25 Share as image

Fair value as of: Jul 11, 2026

From 21 valuation models · updated 27 days ago

Share price −10.8% over the past month.

Below-average quality, and screening another 14% overvalued on our models.

What matters now

  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
  • Our model range runs from €9.75 (bear) to €16.25 (bull), base €13.00. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 36/100 (below-average quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€19.21 €8.42 Fair Value €13.00 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range €8.42 – €19.21 · fair‑value band €9.75 – €16.25 · the €15.16 price screens above the €13.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

CTP N.V (CTPNV) currently trades at €15.16, while our model-based Fair Value estimate is €13.00, implying the stock looks roughly 14.3% overvalued today. We read business quality at 36/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at €1.0B. Revenue grew 13.9% year over year. It earns a return on equity of 13.5%. Net debt stands at €8.6B. Fundamentals as of Jul 11, 2026

Our scenario range runs from €9.75 (bear case) to €16.25 (bull case); at €15.16, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at -14%, CTPNV screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €13.80 80
Residual Income €16.19 €19.78 €48.28 76
Gordon GGM €1.52 €3.02 €4.57 70
All 21 models by family
DCF Models
FCF DCF €14.44 38
Owner Earnings €13.68 €47.22 €112.94 31
5Y EBITDA Exit €7.37 €25.86 41
5Y P/E Exit €9.18 €39.56 €78.44 38
10Y Revenue Exit €0.3900 36
10Y EBITDA Exit €6.19 €26.84 37
10Y P/E Exit €3.82 €30.10 €75.13 35
Earnings-Based
Graham-Dodd €15.17 €99.66 €139.50 54
Lynch FV €29.04 €41.48 €53.93 50
PEG = 1.0 €29.04 €41.48 €53.93 46
Dividend Discount
Gordon GGM €1.52 €3.02 €4.57 70
DDM Multi-Stage €1.52 €2.61 €3.19 61
Multiples
P/E Multiple €33.45 €44.61 €55.76 63
P/S Multiple €3.75 €5.00 €6.25 58
P/B Multiple €28.44 €37.92 €47.39 55
EV/EBIT €2.34 €8.44 €14.53 53
EV/EBITDA €2.04 €6.54 54
Asset-Based
NCAV (Graham) €8.72 €11.69 €17.45 50
Growth DCF
Growth DCF €13.80 80
Economic Profit
Residual Income €16.19 €19.78 €48.28 76
Growth Earnings
Growth-Adj P/E €39.79 €56.84 €73.89 68

Widest divergence: Growth Earnings (€56.84) versus Dividend Discount (€2.61). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €1.0B
Revenue growth (YoY) +13.9%
Net margin 109%
Return on equity 13.5%
Free cash flow €288M FY2025
P/E ratio 7.1
More key figures
Operating margin 67.2%
EPS (TTM) €2.29
EPS growth (YoY) +7.3%
Net debt €8.6B FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 40 · Market factors (momentum, volatility) 39

Profitability 41
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 17
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CTP N.V. is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.8 million sqm of GLA across 10 countries as at 30 September 2025.

Full company description

CTP N.V. is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.8 million sqm of GLA across 10 countries as at 30 September 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. The company was founded in 1998 and is headquartered in Amsterdam, the Netherlands. CTP N.V. operates as a subsidiary of CTP Holding B.V.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CTP N.V reported revenue of €970M in FY2025 versus €407M in FY2021, a compound +24.2%/yr. Reported net income was €1.1B in FY2025, compounding +1.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€970M
Latest YoY
+11.4%
Avg. growth/yr (3Y)
+18.1%
Avg. growth/yr (5Y)
+21.1%
Avg. growth/yr (7Y)
+19.4%
Revenue +24.2%/yr
FY21 €407M
FY22 €589M
FY23 €674M
FY24 €871M
FY25 €970M
Net income +1.3%/yr
FY21 €1.0B
FY22 €767M
FY23 €923M
FY24 €1.1B
FY25 €1.1B

CTPNV screens 14% overvalued. Compare with Vinhomes Joint Stock Company →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "CTP N.V Fair Value". https://www.fairvalue-calculator.com/stock/CTPNV

Peer Group

Real Estate - Development · 592 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Bottom 25%
Fair Value upside −14% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 109% · Top 25%
Operating margin (TTM) 67% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.00× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 7.2× · Cheaper than 75% of peers
P/B 1.09× · Pricier than 75% of peers
P/S (TTM) 9.16× · Pricier than 75% of peers
P/FCF 31.9× · Pricier than 75% of peers
EV/EBITDA 24.3× · Pricier than 75% of peers
PEG 2.76× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 14 · sector 48
FUTURE 70 · sector 0
PAST 54 · sector 9
HEALTH 50 · sector 85
DIVIDEND 0 · sector 39

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 147,000 VND 147,415 VND +0%
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

Compare CTP N.V with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is CTP N.V (CTPNV) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of €13.00 versus a price of €15.16, about −14% (overvalued).
What is the fair value of CTPNV?
Our model-based fair value for CTP N.V is €13.00 (as of Jul 11, 2026), built from audited fundamentals. The current price is €15.16.
What is the quality score of CTPNV?
CTP N.V has a Quality Score of 36/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of CTP N.V (CTPNV)?
CTP N.V reported trailing-twelve-month revenue of about €1.0B (latest available figure, as of Jul 11, 2026).
What is the net profit margin of CTPNV?
The net profit margin of CTP N.V is about 109.5%, meaning it keeps roughly 109.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track CTP N.V and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.