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Corporación Inmobiliaria Vesta, S.A. (VTMX) Fair Value & Analysis

Real Estate · US · Market cap $3.1B

CI Corporación Inmobiliaria Vesta, S.A. logo Corporación Inmobiliaria Vesta, S.A. VTMX · US
Price$34.23
Fair Value$31.12
Upside-9.1%
Quality54/100
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Healthy Growth
Highly profitable · 112.0% net margin
Low debt · generates free cash flow
2.50% dividend yield
Mixed vs. peers (8/14)
Moderate moat 51/100
Evidence: High Range $20.81 – $42.37 Share as image

Fair value as of: Jul 27, 2026

From 16 valuation models · updated 14 days ago

Share price −0.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($20.81 to $42.37) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (3 years)

$38.63 $21.01 Fair Value $31.12 Jun 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

37‑month range $21.01 – $38.63 · fair‑value band $20.81 – $42.37 · the $34.23 price screens above the $31.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

Corporación Inmobiliaria Vesta, S.A. (VTMX) currently trades at $34.23, while our model-based Fair Value estimate is $31.12, implying the stock looks roughly 9.1% fairly valued today. The Quality Score stands at 54/100 (solid 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 $293M. Revenue grew 14.3% year over year. It earns a return on equity of 12.2%. Net debt stands at $941M. Fundamentals as of Jul 27, 2026

Our scenario range runs from $20.81 (bear case) to $42.37 (bull case); at $34.23, 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 8% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -9%, VTMX 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 $15.73 $33.37 $63.07 80
Residual Income $24.83 $26.87 $33.11 76
Rev-Margin DCF $11.36 $24.59 $41.67 74
All 16 models by family
DCF Models
FCF DCF $16.22 $36.16 $72.64 38
5Y Revenue Exit $11.36 $25.05 $44.00 39
5Y EBITDA Exit $20.56 $44.91 $76.61 41
10Y Revenue Exit $12.27 $25.98 $47.86 36
10Y EBITDA Exit $18.89 $40.57 $75.74 37
Dividend Discount
Gordon GGM $6.49 $12.93 $19.58 70
DDM Multi-Stage $6.49 $11.17 $13.65 61
Multiples
P/S Multiple $15.29 $20.38 $25.48 58
P/B Multiple $33.35 $44.46 $55.58 55
EV/EBIT $33.39 $46.64 $59.88 53
EV/EBITDA $24.60 $34.91 $45.23 54
EV/Revenue $9.02 $15.60 $22.19 43
Asset-Based
NCAV (Graham) $14.81 $19.84 $29.61 50
Growth DCF
Growth DCF $15.73 $33.37 $63.07 80
Rev-Margin DCF $11.36 $24.59 $41.67 74
Economic Profit
Residual Income $24.83 $26.87 $33.11 76

Widest divergence: DCF Models ($36.16) versus Dividend Discount ($11.17). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $293M
Revenue growth (YoY) +14.3%
Net margin 112%
Return on equity 12.2%
Free cash flow $161M FY2025
P/E ratio 8.7
More key figures
Operating margin 77.6%
EPS (TTM) $3.81
Dividend yield 2.5%
EPS growth (YoY) +584%
Net debt $941M FY2025

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 56 · Market factors (momentum, volatility) 68

Profitability 39
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 52
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

Corporación Inmobiliaria Vesta, S.A.B. de C.V., together with its subsidiaries, acquires, develops, manages, operates industrial buildings and distribution facilities in Mexico. It offers rental income from operating leases, including reimbursable building services and energy income.

Full company description

Corporación Inmobiliaria Vesta, S.A.B. de C.V., together with its subsidiaries, acquires, develops, manages, operates industrial buildings and distribution facilities in Mexico. It offers rental income from operating leases, including reimbursable building services and energy income. The company serves corporations in diverse industries, such as food and beverage, automotive, aerospace, medical, logistics, and plastics. Corporación Inmobiliaria Vesta, S.A.B. de C.V. was incorporated in 1996 and is headquartered in Mexico City, Mexico.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Corporación Inmobiliaria Vesta, S.A. reported revenue of $291M in FY2025 versus $161M in FY2021, a compound +16.0%/yr. Reported net income was $243M in FY2025, compounding +8.7%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$291M
Latest YoY
+15.8%
Avg. growth/yr (3Y)
+17.8%
Avg. growth/yr (5Y)
+14.2%
Avg. growth/yr (15Y)
+12.4%
Revenue +16.0%/yr
FY21 $161M
FY22 $178M
FY23 $214M
FY24 $251M
FY25 $291M
Net income +8.7%/yr
FY21 $174M
FY22 $244M
FY23 $317M
FY24 $222M
FY25 $243M

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Cite: Fair Value Calculator (2026). "Corporación Inmobiliaria Vesta, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/VTMX

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Real Estate - Development · 588 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 54 · Above median
Fair Value upside −9% · Below median
Return on equity (TTM) 12% · Top 25%
Return on assets 3% · Top 25%
Net margin (TTM) 112% · Top 25%
Operating margin (TTM) 78% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.34× · Higher than median

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

P/E (TTM) 8.7× · Cheaper than median
P/B 1.12× · Pricier than 75% of peers
P/S (TTM) 10.50× · Pricier than 75% of peers
P/FCF 19.1× · Pricier than 75% of peers
EV/EBITDA 16.4× · Pricier than median

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 21 · sector 48
FUTURE 72 · sector 0
PAST 49 · sector 10
HEALTH 83 · sector 84
DIVIDEND 50 · sector 38

Insider activity: 40/100

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 27, 2026).

Stock Price Fair Value vs Fair Value
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%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Corporación Inmobiliaria Vesta, S.A. (VTMX) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of $31.12 versus a price of $34.23, about −9% (fairly valued).
What is the fair value of VTMX?
Our model-based fair value for Corporación Inmobiliaria Vesta, S.A. is $31.12 (as of Jul 27, 2026), built from audited fundamentals. The current price is $34.23.
What is the quality score of VTMX?
Corporación Inmobiliaria Vesta, S.A. has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Corporación Inmobiliaria Vesta, S.A. (VTMX)?
Corporación Inmobiliaria Vesta, S.A. reported trailing-twelve-month revenue of about $293M (latest available figure, as of Jul 27, 2026).
What is the net profit margin of VTMX?
The net profit margin of Corporación Inmobiliaria Vesta, S.A. is about 112.0%, meaning it keeps roughly 112.0% of revenue as net income. Based on the latest reported figures.
Does Corporación Inmobiliaria Vesta, S.A. pay a dividend?
Corporación Inmobiliaria Vesta, S.A. currently shows a dividend yield of about 2.50% relative to its recent price (as of Jul 27, 2026).

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.

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