Corporación Inmobiliaria Vesta, S.A.B. de C.V. stock: fair value
VTMXThe fair value of Corporación Inmobiliaria Vesta, S.A.B. de C.V. under our model is $49.42, the price is 23% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $41.18 and expensive above $61.78 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $39.27 (cash-flow model) and $59.57 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9.2%. At 10.2% the fair value would be $46.28, at 8.2% it would be $54.00.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (11.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.2% (government bond yield 3.8% plus beta 0.8 times a risk premium of 6.7%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $39.27 per share: free cash flow for the next ten years, each year discounted to today at 9.2%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.2%) |
|---|---|---|---|---|
| 2026 | $176.55M | extrapolated at 9.9% | 0.9159 | $161.7M |
| 2027 | $190.75M | extrapolated at 8.0% | 0.8389 | $160.01M |
| 2028 | $203.68M | extrapolated at 6.8% | 0.7683 | $156.49M |
| 2029 | $215.68M | extrapolated at 5.9% | 0.7037 | $151.78M |
| 2030 | $227.06M | extrapolated at 5.3% | 0.6445 | $146.35M |
| 2031 | $238.05M | extrapolated at 4.8% | 0.5903 | $140.53M |
| 2032 | $248.86M | extrapolated at 4.5% | 0.5407 | $134.55M |
| 2033 | $259.62M | extrapolated at 4.3% | 0.4952 | $128.57M |
| 2034 | $270.47M | extrapolated at 4.2% | 0.4536 | $122.67M |
| 2035 | $281.48M | extrapolated at 4.1% | 0.4154 | $116.93M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.42B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (9.2% − 3.8%) | $5.46B |
| Present value of terminal value (× 0.4154) | $2.27B |
| Equity value (sum plus present value of terminal value) | $3.69B |
| Shares (diluted) | 93.92M |
| Value per share (equity value divided by shares) | $39.27 |
| Earnings per share, last twelve months | $5.18 |
| × 11.5 (industry P/E) | $59.57 |
| Fair value (average of both parts) | $49.42 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 9 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.