VTMX Intrinsic Value – CORPORACION INMOBILIARIA VESTA SAB DE CV Prices Follow-On Offering of $148.8 Million of ADSs
December 18, 2023
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CORPORACION INMOBILIARIA VESTA SAB DE CV ($NYSE:VTMX) is a Mexican real estate company that is engaged in the development, construction, and sale of real estate properties. The proceeds from the offering are expected to be used for general corporate purposes and repayment of debt. Vesta’s ADSs are listed on the New York Stock Exchange under the ticker symbol “VESTA”.
This news marks another significant development in Vesta’s trajectory as a real estate company. Its access to capital markets will enable it to expand its operations and further consolidate its position as a leading player in Mexico’s real estate market.
Price History
On Friday, CORPORACION INMOBILIARIA VESTA SAB DE CV opened its stock at $36.1 and closed at $36.8, an increase of 0.9% from the last closing price of 36.5. This offering is expected to close on Monday. The proceeds from the offering will be used to help finance CORPORACION INMOBILIARIA VESTA SAB DE CV’s future growth and development, including potential acquisitions and expansion into new markets. The offering is being conducted by a syndicate of underwriters led by Morgan Stanley & Co. International Plc, Credit Suisse Securities (USA) LLC, and Citigroup Global Markets Inc. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VTMX. More…
| Total Revenues | Net Income | Net Margin |
| 205.95 | 281.5 | 47.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VTMX. More…
| Operations | Investing | Financing |
| 111.17 | -282.13 | 315.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VTMX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.59k | 1.37k | 26.83 |
Key Ratios Snapshot
Some of the financial key ratios for VTMX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.6% | 10.5% | 196.0% |
| FCF Margin | ROE | ROA |
| 54.0% | 13.1% | 7.0% |
Analysis – VTMX Intrinsic Value
After careful consideration of the company’s financials and other metrics, we determined that the intrinsic value of CORPORACION INMOBILIARIA VESTA SAB DE CV share is around $34.3, using our proprietary Valuation Line. As of now, CORPORACION INMOBILIARIA VESTA SAB DE CV stock is traded at $36.8, which is a fair price that is slightly overvalued by 7.1%. While this may not offer the highest return for investors, it is still a promising opportunity for those looking to invest in a stable, well-established company. More…
Summary
CORPORACION INMOBILIARIA VESTA SAB DE CV recently announced the pricing of a follow-on offering of its American Depositary Shares (ADSs) for a total of USD 148.8 million. This offering gives investors the opportunity to gain exposure to the Mexican commercial real estate market. Proceeds from the offering will be used to repay existing debt and for working capital and general corporate purposes.
