VGP NV
VGP NV, together with its subsidiaries, develops, owns, and manages logistics and semi-industrial real estate, and ancillary offices. The company leases its properties to tenants in the logistic sector, including storing, assembling, re-conditioning, and final treatment of goods. It also provides property management services; asset management services related to corporate administration, financin… Read more
VGP NV (VGPBF) - Net Assets
Latest net assets as of June 2025: $2.49 Billion USD
Based on the latest financial reports, VGP NV (VGPBF) has net assets worth $2.49 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.03 Billion) and total liabilities ($2.54 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.49 Billion |
| % of Total Assets | 49.52% |
| Annual Growth Rate | 25.02% |
| 5-Year Change | 83.84% |
| 10-Year Change | 563.14% |
| Growth Volatility | 49.18 |
VGP NV - Net Assets Trend (2006–2024)
This chart illustrates how VGP NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VGP NV (2006–2024)
The table below shows the annual net assets of VGP NV from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.40 Billion | +8.40% |
| 2023-12-31 | $2.21 Billion | +0.56% |
| 2022-12-31 | $2.20 Billion | +1.22% |
| 2021-12-31 | $2.18 Billion | +66.62% |
| 2020-12-31 | $1.31 Billion | +86.59% |
| 2019-12-31 | $699.78 Million | +28.76% |
| 2018-12-31 | $543.47 Million | +16.57% |
| 2017-12-31 | $466.23 Million | +19.45% |
| 2016-12-31 | $390.31 Million | +7.83% |
| 2015-12-31 | $361.98 Million | +68.04% |
| 2014-12-31 | $215.42 Million | +29.72% |
| 2013-12-31 | $166.06 Million | +9.78% |
| 2012-12-31 | $151.26 Million | -2.25% |
| 2011-12-31 | $154.74 Million | -12.25% |
| 2010-12-31 | $176.34 Million | +13.59% |
| 2009-12-31 | $155.24 Million | -0.20% |
| 2008-12-31 | $155.56 Million | +18.91% |
| 2007-12-31 | $130.81 Million | +203.47% |
| 2006-12-31 | $43.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VGP NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 144917200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.45 Billion | 60.37% |
| Common Stock | $105.68 Million | 4.40% |
| Other Components | $845.58 Million | 35.23% |
| Total Equity | $2.40 Billion | 100.00% |
VGP NV Competitors by Market Cap
The table below lists competitors of VGP NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
US Physicalrapy Inc
NYSE:USPH
|
$1.15 Billion |
|
Sichuan Jinlu Group Co Ltd
SHE:000510
|
$1.15 Billion |
|
C3 Ai Inc
NYSE:AI
|
$1.15 Billion |
|
Xiangcai Co Ltd
SHG:600095
|
$1.15 Billion |
|
062040
KO:062040
|
$1.15 Billion |
|
Eugene Technology Co.Ltd
KQ:084370
|
$1.15 Billion |
|
Xinxiang Chemical Fiber Co Ltd
SHE:000949
|
$1.15 Billion |
|
Pegasus Hava Tasimaciligi AS
IS:PGSUS
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VGP NV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,214,417,000 to 2,400,427,000, a change of 186,010,000 (8.4%).
- Net income of 286,987,000 contributed positively to equity growth.
- Dividend payments of 100,977,000 reduced retained earnings.
- Other comprehensive income increased equity by 30,416,000.
- Other factors decreased equity by 30,416,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $286.99 Million | +11.96% |
| Dividends Paid | $100.98 Million | -4.21% |
| Other Comprehensive Income | $30.42 Million | +1.27% |
| Other Changes | $-30.42 Million | -1.27% |
| Total Change | $- | 8.40% |
Book Value vs Market Value Analysis
This analysis compares VGP NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 32.19x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $2.67 | $86.10 | x |
| 2007-12-31 | $6.55 | $86.10 | x |
| 2008-12-31 | $7.79 | $86.10 | x |
| 2009-12-31 | $7.78 | $86.10 | x |
| 2010-12-31 | $8.83 | $86.10 | x |
| 2011-12-31 | $7.75 | $86.10 | x |
| 2012-12-31 | $7.58 | $86.10 | x |
| 2013-12-31 | $8.32 | $86.10 | x |
| 2014-12-31 | $11.59 | $86.10 | x |
| 2015-12-31 | $19.48 | $86.10 | x |
| 2016-12-31 | $21.00 | $86.10 | x |
| 2017-12-31 | $25.09 | $86.10 | x |
| 2018-12-31 | $29.25 | $86.10 | x |
| 2019-12-31 | $35.38 | $86.10 | x |
| 2020-12-31 | $61.46 | $86.10 | x |
| 2021-12-31 | $98.75 | $86.10 | x |
| 2022-12-31 | $98.70 | $86.10 | x |
| 2023-12-31 | $81.14 | $86.10 | x |
| 2024-12-31 | $87.96 | $86.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VGP NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 228.63%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.94x
- Recent ROE (11.96%) is below the historical average (17.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 31.89% | 532.21% | 0.02x | 2.54x | $9.44 Million |
| 2007 | 27.85% | 533.13% | 0.02x | 2.20x | $23.35 Million |
| 2008 | 18.36% | 196.63% | 0.04x | 2.63x | $13.01 Million |
| 2009 | 0.76% | 4.43% | 0.06x | 2.83x | $-14.35 Million |
| 2010 | 14.97% | 74.63% | 0.07x | 2.82x | $8.77 Million |
| 2011 | 8.36% | 65.79% | 0.11x | 1.15x | $-2.54 Million |
| 2012 | 7.66% | 256.74% | 0.03x | 1.16x | $-3.55 Million |
| 2013 | 14.63% | 407.61% | 0.02x | 2.21x | $7.70 Million |
| 2014 | 22.91% | 166.83% | 0.06x | 2.17x | $27.82 Million |
| 2015 | 23.91% | 374.43% | 0.03x | 1.98x | $50.36 Million |
| 2016 | 23.39% | 369.00% | 0.03x | 2.23x | $52.26 Million |
| 2017 | 20.59% | 382.40% | 0.02x | 2.21x | $49.37 Million |
| 2018 | 22.28% | 168.64% | 0.06x | 2.23x | $66.76 Million |
| 2019 | 29.38% | 739.56% | 0.02x | 2.32x | $135.63 Million |
| 2020 | 28.41% | 882.28% | 0.02x | 1.71x | $240.37 Million |
| 2021 | 29.88% | 1641.14% | 0.01x | 1.78x | $432.50 Million |
| 2022 | -5.56% | -92.17% | 0.03x | 2.20x | $-342.76 Million |
| 2023 | 3.94% | 72.62% | 0.03x | 1.99x | $-134.15 Million |
| 2024 | 11.96% | 228.63% | 0.03x | 1.94x | $46.94 Million |
Industry Comparison
This section compares VGP NV's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $860,434,363
- Average return on equity (ROE) among peers: -17.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VGP NV (VGPBF) | $2.49 Billion | 31.89% | 1.02x | $1.15 Billion |
| Aroundtown SA (AANNF) | $2.43 Billion | 28.32% | 0.83x | $1.42 Billion |
| AAP Inc (AAPJ) | $-1.00 Million | 0.00% | 0.00x | $1.97 |
| Ambase Corp (ABCP) | $-4.12 Million | 0.00% | 0.00x | $6.43 Million |
| Americann Inc (ACAN) | $1.31 Million | -131.48% | 2.04x | $2.44K |
| Ascendas India Trust (ACNDF) | $1.32 Billion | 9.88% | 1.00x | $831.45 Million |
| Adler Group S.A (ADPPF) | $2.20 Billion | 17.61% | 0.90x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $487.65K | -21.43% | -0.50x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $13.17 Million | -41.42% | 0.60x | $32.30 Million |
| Avalon GloboCare Corp. (ALBT) | $7.31 Million | -47.40% | 0.73x | $2.25 Million |
| Allreal (ALRHF) | $2.64 Billion | 8.00% | 1.23x | $2.39 Billion |