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Corporación Inmobiliaria Vesta S.A.B. de C.V (VESTA) Fair Value & Analysis

Real Estate · MX · Market cap 55.1B MXN (≈ $3.3B) · ISIN MX01VE0M0003

What is Corporación Inmobiliaria Vesta S.A.B. de C.V really worth?

CI Corporación Inmobiliaria Vesta S.A.B. de C.V VESTA · MX
Price59.05 MXN
Fair Value67.07 MXN
Upside+13.6%
Quality54/100

A solid business, trading 12% below our fair value of 67.07 MXN.

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Strengths

Highly profitable · 132.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/15)

Risks

!Mixed Growth (revenue 5y +13.6 %/yr)
!Moderate moat 56/100

For context

·2.62% dividend yield
Evidence: High Range 41.35 MXN – 85.63 MXN

Fair value as of: Aug 27, 2026

From 15 valuation models · updated 9 days ago

Fair value updated Aug 27, 2026, revised from 67.48 MXN to 67.07 MXN (−0.6%) since Aug 20, 2026. Share price +0.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range (41.35 MXN to 85.63 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.

Price vs Fair Value (5 years)

63.17 MXN 30.05 MXN Fair Value 67.07 MXN Jun 2021 Sep 2026

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

How to read this chart

60‑month range 30.05 MXN – 63.17 MXN · fair‑value band 41.35 MXN – 85.63 MXN · the 59.05 MXN price screens below the 67.07 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

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Analysis

Corporación Inmobiliaria Vesta S.A.B. de C.V (VESTA) currently trades at 59.05 MXN, while our model-based Fair Value estimate is 67.07 MXN, implying the stock looks roughly 12.0% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. How firm this estimate is: it rests on 25 models at a data quality of 95/100, which puts the evidence level at 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 27, 2026

Our scenario range runs from 41.35 MXN (bear case) to 85.63 MXN (bull case); at 59.05 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 8% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −33% fair-value upside, at 14%, VESTA screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 4.21 MXN per share, which is 6.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income best evidence 2.52 MXN 2.74 MXN 3.63 MXN 76
FCF DCF 2.07 MXN 4.88 MXN 10.55 MXN 74
Growth DCF 2.00 MXN 4.60 MXN 9.23 MXN 73
All 15 models by family
DCF Models
FCF DCF 2.07 MXN 4.88 MXN 10.55 MXN 74
5Y Revenue Exit 0.9800 MXN 2.41 MXN 4.38 MXN 69
5Y EBITDA Exit 1.94 MXN 4.49 MXN 7.81 MXN 72
10Y Revenue Exit 1.25 MXN 2.79 MXN 5.20 MXN 63
10Y EBITDA Exit 1.96 MXN 4.35 MXN 8.22 MXN 64
Dividend Discount
Gordon GGM 0.6800 MXN 1.41 MXN 2.23 MXN 66
DDM Multi-Stage 0.6800 MXN 1.19 MXN 1.48 MXN 67
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 65
EV/EBITDA 2.06 MXN 3.08 MXN 4.10 MXN 66
EV/Revenue 0.4900 MXN 1.13 MXN 1.77 MXN 51
Asset-Based
NCAV (Graham) 1.48 MXN 1.98 MXN 2.96 MXN 54
Growth DCF
Growth DCF 2.00 MXN 4.60 MXN 9.23 MXN 73
Economic Profit
Residual Income best evidence 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: Residual Income (76).

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Key figures & financial health

P/E ratio 7.7
P/S ratio 6.55 P/E × margin
EPS (TTM) 7.74 MXN price ÷ EPS = P/E 7.7
Dividend yield 2.6% payout 20.0%
Net margin 85.4% FY2025
Return on equity 14.1% TTM
More key figures
Profitability
Return on assets (EBIT) 4.7% avg 5y
Operating margin 74.7% TTM
Growth
Revenue (TTM) 304M MXN TTM
Revenue growth (YoY) +16.8% 3y avg +16.7%
EPS growth (YoY) +238%
Balance sheet & cash flow
Free cash flow 206M MXN FY2025
Net debt 938M MXN FY2025 · ≈ 4.5 yrs of FCF

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 64

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 46
Price trend over the last 3–12 months (market factor)
52W Momentum 63
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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.B. de C.V reported revenue of $283M in FY2025 versus $161M in FY2021, a compound +15.2%/yr. Reported net income was $242M 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+6.6% (4.0 + 2.6)
Revenue +15.2%/yr
FY21 $161M
FY22 $178M
FY23 $214M
FY24 $252M
FY25 $283M
Net income +8.6%/yr
FY21 $174M
FY22 $244M
FY23 $317M
FY24 $223M
FY25 $242M

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

Peer Group

Real Estate - Diversified · 131 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 +14% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 3% · Top 25%
Net margin (TTM) 132% · Top 25%
Operating margin (TTM) 75% · Top 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 2.6% · Below median
Debt / equity 0.46× · Lower than median

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

P/E (TTM) 7.7× · Cheaper than median
P/B 1.19× · Pricier than 75% of peers
P/S (TTM) 10.71× · Pricier than 75% of peers
P/FCF 15.8× · Pricier than 75% of peers
EV/EBITDA 18.3× · Pricier than median
PEG 0.62× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE51 · sector 50
FUTURE84 · sector 29
PAST57 · sector 19
HEALTH77 · sector 77
DIVIDEND52 · sector 60

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

Similar stocks

10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Corem Property Group CORED kr 229.00 kr 121.82 −47%
Swiss Prime Site AG SPSN CHF 124.60 CHF 44.83 −64%
Central Pattana Public Company CPN 66.00 THB 71.37 THB +8%
Prestige Estates Projects Limited PRESTIGE ₹1,586 ₹645.21 −59%
The Phoenix Mills Limited PHOENIXLTD ₹1,905 ₹701.74 −63%
Umm Al Qura for Development and Construction Company 4325 17.19 SAR 11.60 SAR −33%
Fastighets AB BALDB kr 54.08 kr 70.70 +31%
Hainan Airport Infrastructure Co 600515 ¥2.79 ¥0.3300 −88%
Parque Arauco S.A PARAUCO 3,954 CLP 2,740 CLP −31%
Singapore Land Group U06 3.41 SGD 3.23 SGD −5%

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Frequently asked questions

Is Corporación Inmobiliaria Vesta S.A.B. de C.V (VESTA) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 67.07 MXN versus a price of 59.05 MXN, about +14% upside (undervalued).
What is the fair value of VESTA?
Our model-based fair value for Corporación Inmobiliaria Vesta S.A.B. de C.V is 67.07 MXN (as of Aug 27, 2026), built from audited fundamentals. The current price: 59.05 MXN.
What is the quality score of VESTA?
Corporación Inmobiliaria Vesta S.A.B. de C.V 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.B. de C.V (VESTA)?
Corporación Inmobiliaria Vesta S.A.B. de C.V reported trailing-twelve-month revenue of about 293M MXN (latest available figure, as of Aug 27, 2026).
What is the net profit margin of VESTA?
The net profit margin of Corporación Inmobiliaria Vesta S.A.B. de C.V 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.B. de C.V pay a dividend?
Corporación Inmobiliaria Vesta S.A.B. de C.V currently shows a dividend yield of about 2.62% relative to its recent price (as of Aug 27, 2026).
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