Belpointe PREP, LLC (OZ) vs Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (VTMX)

Belpointe PREP, LLC and Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR are both Real Estate Development companies. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR is the larger, with a market value of $3.3B against $150.1M — 22.3× the size. Belpointe PREP, LLC has negative trailing earnings, so its P/E is not meaningful; Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR trades at 7.6×. Belpointe PREP, LLC grew revenue faster over the last twelve months: 164.2% against 15.6%. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has the higher net margin (132.2% vs −290.5%) and the higher return on invested capital (3.74% vs −5.01%). Across the 19 metrics below, Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR leads on 14 and Belpointe PREP, LLC on 5.

Valuation

Metric OZ VTMX Real Estate Development median
P/E n/m 7.62 7.62
P/S 9.27 10.23 1.19
P/B 0.54 0.99 0.61
Price to free cash flow n/m 16.67 7.23
EV/EBITDA n/m 16.52 8.76
EV/Sales 26.95 12.78 2.13
Earnings yield (31.92%) 13.12% 8.41%
Free cash flow yield (39.41%) 6.00% (1.75%)

Profitability

Metric OZ VTMX Real Estate Development median
Gross margin (21.25%) 89.25% 29.60%
Operating margin (277.35%) 77.01% (2.67%)
Net margin (290.46%) 132.21% 3.36%
Free cash flow margin (365.36%) 61.39% (0.89%)
Return on equity (15.92%) 14.13% 0.56%
Return on assets (7.81%) 9.08% 1.11%
Return on invested capital (5.01%) 3.74% 0.00%

Growth

Metric OZ VTMX Real Estate Development median
Revenue growth (TTM) 164.23% 15.61% 11.77%
EPS growth (last fiscal year) (63.41%) 18.91% 0.00%
Revenue growth, 5-year CAGR 146.47% 11.83% 5.69%
Net income growth, 5-year CAGR 0.00% 27.64% 0.00%

Health

Metric OZ VTMX Real Estate Development median
Debt to equity 1.08 0.37 0.37
Current ratio 1.45 4.26 0.63
Net debt to EBITDA (8.65) 4.26 1.81

Dividend

Metric OZ VTMX Real Estate Development median
Dividend yield — 2.35% —
Payout ratio — 0.18 —

Size

Metric OZ VTMX Real Estate Development median
Market cap 150.06m 3.34b 150.06m

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