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

Real Estate · MX · Market cap 55.7B MXN

CI Corporación Inmobiliaria Vesta, S.A. VESTA · MX
Price59.57 MXN
Fair Value52.49 MXN
Upside-11.9%
Quality54/100
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Mixed Growth
Highly profitable · 112.0% net margin
Low debt · generates free cash flow
0.14% dividend yield
Ranks above peers (9/15)
Moderate moat 56/100
Evidence: High Range 35.11 MXN – 69.88 MXN Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 53.94 MXN to 52.49 MXN (−2.7%) since Jul 14, 2026. Share price +0.8% over the past month.

A solid business, but screening 12% overvalued on our models.

What matters now

  • A fairly wide model range (35.11 MXN to 69.88 MXN) 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 (5 years)

63.54 MXN 30.23 MXN Fair Value 52.49 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 30.23 MXN – 63.54 MXN · fair‑value band 35.11 MXN – 69.88 MXN · the 59.57 MXN price screens above the 52.49 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Corporación Inmobiliaria Vesta, S.A. (VESTA) currently trades at 59.57 MXN, while our model-based Fair Value estimate is 52.49 MXN, implying the stock looks roughly 11.9% overvalued 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 MXN. Revenue grew 14.3% year over year. It earns a return on equity of 12.2%. Net debt stands at 938M MXN. Fundamentals as of Aug 13, 2026

Our scenario range runs from 35.11 MXN (bear case) to 69.88 MXN (bull case); at 59.57 MXN, 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 7% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -34% fair-value upside, at -12%, VESTA screens cheaper 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 2.00 MXN 4.60 MXN 9.23 MXN 80
Residual Income 2.52 MXN 2.74 MXN 3.63 MXN 76
Gordon GGM 0.6800 MXN 1.41 MXN 2.23 MXN 70
All 15 models by family
DCF Models
FCF DCF 2.07 MXN 4.88 MXN 10.55 MXN 38
5Y Revenue Exit 0.9800 MXN 2.41 MXN 4.38 MXN 39
5Y EBITDA Exit 1.94 MXN 4.49 MXN 7.81 MXN 41
10Y Revenue Exit 1.25 MXN 2.79 MXN 5.20 MXN 36
10Y EBITDA Exit 1.96 MXN 4.35 MXN 8.22 MXN 37
Dividend Discount
Gordon GGM 0.6800 MXN 1.41 MXN 2.23 MXN 70
DDM Multi-Stage 0.6800 MXN 1.19 MXN 1.48 MXN 61
Multiples
P/S Multiple 1.49 MXN 1.98 MXN 2.48 MXN 58
P/B Multiple 3.32 MXN 4.43 MXN 5.54 MXN 55
EV/EBIT 2.93 MXN 4.24 MXN 5.56 MXN 53
EV/EBITDA 2.06 MXN 3.08 MXN 4.10 MXN 54
EV/Revenue 0.4900 MXN 1.13 MXN 1.77 MXN 43
Asset-Based
NCAV (Graham) 1.48 MXN 1.98 MXN 2.96 MXN 50
Growth DCF
Growth DCF 2.00 MXN 4.60 MXN 9.23 MXN 80
Economic Profit
Residual Income 2.52 MXN 2.74 MXN 3.63 MXN 76

Widest divergence: Growth DCF (4.60 MXN) versus Dividend Discount (1.19 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 293M MXN
Revenue growth (YoY) +14.3%
Net margin 112%
Return on equity 12.2%
Free cash flow 206M MXN FY2025
P/E ratio 8.9
More key figures
Operating margin 77.6%
EPS (TTM) 6.67 MXN
Dividend yield 0.1%
EPS growth (YoY) +584%
Net debt 938M MXN FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 68

Profitability 39
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 47
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 283M MXN in FY2025 versus 161M MXN in FY2021, a compound +15.2%/yr. Reported net income was 242M MXN in FY2025, compounding +8.6%/yr from FY2021.

Growth Quality 91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
283M MXN
Latest YoY
+12.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.6%
Avg. growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Revenue +15.2%/yr
FY21 161M MXN
FY22 178M MXN
FY23 214M MXN
FY24 252M MXN
FY25 283M MXN
Net income +8.6%/yr
FY21 174M MXN
FY22 244M MXN
FY23 317M MXN
FY24 223M MXN
FY25 242M MXN

VESTA screens 12% overvalued. Compare with Swiss Prime Site AG →

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

Earlier news

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

Peer Group

Real Estate - Diversified · 138 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 53 · Above median
Fair Value upside −12% · 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) 0.1% · Below median
Debt / equity 0.46× · Lower than median

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

P/E (TTM) 8.9× · Cheaper than median
P/B 1.19× · Pricier than 75% of peers
P/S (TTM) 11.18× · Pricier than 75% of peers
P/FCF 15.9× · Pricier than 75% of peers
EV/EBITDA 18.9× · Pricier than median
PEG 0.62× · Cheaper 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 17 · sector 43
FUTURE 72 · sector 31
PAST 49 · sector 18
HEALTH 77 · sector 74
DIVIDEND 3 · sector 45

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 - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Swiss Prime Site AG SPSN CHF 128.80 CHF 44.83 -65%
Central Pattana Public Company CPN 66.00 THB 71.37 THB +8%
Prestige Estates Projects Limited PRESTIGE ₹1,591 ₹645.21 -59%
The Phoenix Mills Limited PHOENIXLTD ₹1,905 ₹701.74 -63%
Umm Al Qura for Development and Construction Company 4325 17.55 SAR 11.60 SAR -34%
Fastighets AB BALDB kr 54.08 kr 70.70 +31%
Hainan Airport Infrastructure Co 600515 ¥2.94 ¥0.3300 -89%
Parque Arauco S.A PARAUCO 3,940 CLP 2,777 CLP -30%
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co 000029 ¥23.19 ¥4.60 -80%
Catena AB CATE kr 400.00 kr 298.00 -26%

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Frequently asked questions

Is Corporación Inmobiliaria Vesta, S.A. (VESTA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 52.49 MXN versus a price of 59.57 MXN, about −12% (overvalued).
What is the fair value of VESTA?
Our model-based fair value for Corporación Inmobiliaria Vesta, S.A. is 52.49 MXN (as of Aug 13, 2026), built from audited fundamentals. The current price is 59.57 MXN.
What is the quality score of VESTA?
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. (VESTA)?
Corporación Inmobiliaria Vesta, S.A. reported trailing-twelve-month revenue of about 293M MXN (latest available figure, as of Aug 13, 2026).
What is the net profit margin of VESTA?
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 0.14% relative to its recent price (as of Aug 13, 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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