Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR (VTMX) AI Stock Analysis

• Market Cap: $2.46B
• Dividend Yield: 2.61%
• Average Volume (3M): 104.81K
• Price to Earnings (P/E): 75.1
• Beta (1Y): 0.63
• Revenue Growth: 11.09%
• EPS Growth: -92.51%
• Country: US
• Employees: 96
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.37
• Shares Outstanding: 88,248,726
• 10 Day Avg. Volume: 139,221
• 30 Day Avg. Volume: 104,808
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.28
• Enterprise Value/Revenue: 11.98
• Enterprise Value/Gross Profit: 13.02
• Enterprise Value/Ebitda: 13.76
• 1Y Price Target: $34.33
• Price Target Upside: 23.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 67 Neutral
• Price Target: $30.00 ▲(7.72% Upside)

VTMX's overall stock score is driven by its solid financial performance and positive earnings call sentiment. However, the high P/E ratio and mixed technical indicators weigh on the score. The company's strong operational efficiency and strategic initiatives provide a foundation for future growth, but valuation concerns and technical signals suggest caution.

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Business Overview & Revenue Model

Company Description

Corporación Inmobiliaria Vesta, S.A.B. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution centers in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.

How the Company Makes Money

Corporacion Inmobiliaria Vesta generates revenue primarily through the leasing of its industrial properties to a diverse range of tenants, including multinational corporations and local businesses. The company benefits from long-term lease agreements, which provide stable and recurring income. Key revenue streams include rental income from its portfolio of properties, ancillary services related to property management, and value-added services to tenants. Additionally, Vesta's strategic partnerships with various business entities enhance its market position and contribute to its earnings. The company's focus on expanding its property portfolio through acquisitions and developments also plays a crucial role in driving revenue growth.

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Financial Statement Overview

Summary

Vesta demonstrates solid financial health with strong operational efficiency and a stable balance sheet. While revenue growth has slowed, profitability margins remain impressive, and cash flows are managed effectively. The company should focus on boosting revenue growth to enhance overall financial performance.

Income Statement

The company's TTM (Trailing-Twelve-Months) gross profit margin is robust, indicating efficient cost management with a margin of 89.4%. However, the net profit margin stands at 8.7%, which is lower than previous periods, reflecting some challenges in converting revenue to net income. Revenue showed a decrease in the TTM compared to previous annual data, indicating a need to focus on growth strategies. EBIT and EBITDA margins are strong, at 77.3% and 89.8% respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet reflects a strong equity base with an equity ratio of 63.3%, indicating financial stability. The debt-to-equity ratio is 0.35, suggesting manageable leverage. Return on equity is moderate at 6.7% in the TTM, which indicates room for improvement in generating returns for shareholders. Overall, the balance sheet is solid with a healthy asset structure.

Cash Flow

The company's cash flow shows positive trends, with a substantial operating cash flow to net income ratio of 8.6, indicating strong cash conversion capabilities. Free cash flow grew significantly over the previous period, showcasing efficient cash management. The free cash flow to net income ratio is 8.5, reflecting healthy cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	263.17M	251.29M	214.47M	178.03M	160.79M	149.86M
Gross Profit	242.08M	225.39M	196.23M	166.60M	150.06M	149.86M
EBITDA	229.07M	194.17M	429.51M	339.71M	307.90M	168.03M
Net Income	31.91M	222.43M	316.64M	243.62M	173.94M	66.96M
Balance Sheet
Total Assets	4.02B	3.96B	3.79B	2.95B	2.76B	2.25B
Cash, Cash Equivalents and Short-Term Investments	65.24M	184.11M	501.09M	139.06M	452.80M	120.42M
Total Debt	900.76M	847.54M	916.08M	932.00M	934.91M	840.49M
Total Liabilities	1.47B	1.36B	1.31B	1.31B	1.31B	1.15B
Stockholders Equity	2.54B	2.60B	2.49B	1.64B	1.45B	1.11B
Cash Flow
Free Cash Flow	145.46M	86.67M	142.72M	57.51M	106.95M	98.69M
Operating Cash Flow	146.51M	87.26M	144.80M	57.73M	107.17M	99.52M
Investing Cash Flow	-297.14M	-225.73M	-223.07M	-254.67M	16.71M	-72.91M
Financing Cash Flow	-175.02M	-183.05M	444.74M	-119.78M	212.54M	16.91M

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VTMX, the sentiment is Positive. The current price of 27.85 is above the 20-day moving average (MA) of 27.63, above the 50-day MA of 27.70, and above the 200-day MA of 26.06, indicating a bullish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 52.46 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VTMX.

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FOR	78 Outperform	1.34B	8.27	12.76%	―	2.35%	-17.21%
FPH	75 Outperform	671.32M	5.77	9.11%	―	-19.68%	44.82%
AXR	73 Outperform	131.16M	9.95	9.90%	―	-19.47%	41.27%
VTMX	67 Neutral	$2.46B	75.10	1.23%	2.61%	11.09%	-92.51%
ARL	43 Neutral	266.02M	-22.49	-2.42%	―	-4.84%	-412.72%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Corporacion Inmobiliaria Vesta S.A.B. de C.V. ADR Corporate Events

Vesta Engages Deloitte Member Firm for 2025-2026 Audits

On July 24, 2025, Corporación Inmobiliaria Vesta’s Board of Directors approved the engagement of Galaz, Yamazaki, Ruiz Urquiza, S.C., a member of Deloitte Touche Tohmatsu Limited, for auditing services. The decision includes a comprehensive review of the company’s financial statements for 2025 and the first half of 2026, with fees not exceeding 12,077,772 Pesos, plus expenses and taxes. This move aims to ensure compliance with financial regulations and maintain transparency in Vesta’s operations.

Vesta Evaluates Deloitte’s Audit Performance for 2024-2025

On July 24, 2025, Corporación Inmobiliaria Vesta announced the evaluation of their external auditor, Deloitte, for the fiscal year 2024-2025. The audit committee deemed Deloitte’s performance acceptable, highlighting their technical expertise, resource availability, and effective communication with the audit committee. This evaluation underscores Vesta’s commitment to maintaining high standards in financial reporting and audit quality, which is crucial for stakeholders and the company’s market reputation.

Vesta Reports Strong Q2 2025 Financial Results and Announces Leadership Transition

On July 24, 2025, Vesta announced strong financial results for Q2 2025, with a 6.8% increase in total income year-over-year, reaching US$ 67.3 million. The company reported a 12.9% rise in funds from operations to US$ 43.1 million, and significant leasing activity with 1.8 million square feet, maintaining a high occupancy rate. Vesta also expanded its land acquisitions in Guadalajara and Monterrey, and announced a leadership transition with Rodrigo Cueto Bosch appointed as Chief Investment Officer effective October 1, 2025.

Vesta Renews Market Maker Agreement to Boost Share Liquidity

On July 14, 2025, Corporación Inmobiliaria Vesta, S.A.B. de C.V. announced the renewal of its market maker services agreement with BTG Pactual Casa de Bolsa, S.A.B. de C.V., effective from July 3rd. This renewal aims to enhance the trading liquidity of Vesta’s shares on the Mexican Stock Exchange, potentially strengthening its market presence and benefiting stakeholders by ensuring better share performance and investor confidence.

Vesta Announces Second Dividend Payment for July 2025

On July 15, 2025, Corporación Inmobiliaria Vesta, S.A.B. de C.V. will distribute the second installment of a dividend, totaling approximately $17.38 million, as decided in the Ordinary General Shareholders’ Meeting held on March 19, 2025. This payment will be made in cash in pesos through the S.D. Indeval, S.A. de C.V., based on the exchange rate published by the Bank of Mexico on July 14, 2025. This dividend distribution reflects the company’s commitment to returning value to its shareholders and may influence investor confidence and market perception positively.