Corporacion Inmobiliaria Vesta S.A.B de C.V. American Depositary Shares each representing ten (10) Common Shares (VTMX)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Vesta as a Mexican industrial landlord: it owns and leases warehouses and distribution facilities to tenants in food, automotive, aerospace, medical, logistics and plastics. In the second quarter of 2026, revenue was $78.5M and net income was $101.8M, a 129.74% net margin. That is an odd result—profit exceeding sales—so I would treat it as a warning that reported earnings may not be recurring. The trailing twelve-month free cash flow was $195.8M, a 6.5% FCF yield against a $3.0B market cap. At the 2026-10-13 close of $34.36, FairStock calculates a P/E of 7.5, P/B of 0.98, dividend yield of 2.47%, and EV/EBITDA of 9.02. The low P/E and near-book price look superficially cheap. But FairStock's Graham Number is $18.69, leaving the price 83.84% above that conservative value. Return on equity is 14.13%, yet return on capital is only 3.23%, which suggests the equity returns may not reflect strong operating returns. Debt/equity is moderate at 0.37, and beta is low at 0.27. The financial scores are weak: Piotroski 3/9 and Altman Z 1.63. The supplied growth figures are striking—16.67% revenue growth and 267.36% profit growth—but the data do not specify the period, so I would not annualize them. With a FairStock score of 57/100 and no Lynch category because only zero years of filed results are available, this is a show-me story: the assets may be decent, but earnings quality and valuation margin of safety are not yet proven.

In plain English: Vesta owns and rents industrial buildings and warehouses in Mexico. The business is profitable and pays a dividend, but in the second quarter of 2026 its reported net income was larger than its revenue, so the quality of those profits is unclear. Based on the numbers provided, the shares look cheaper than some simple profit measures but more expensive than a conservative value measure, making the price hard to call clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer