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1. Company Snapshot

1.a. Company Description

VIB Vermögen AG develops, buys, holds, rents, and manages commercial real estate properties in southern Germany.As of December 31, 2021, its real estate portfolio comprised 112 logistics and light industry properties, and specialist retail parks, as well as commercial and service centers with a total rentable area of approximately 1.29 million square meters.The company was founded in 1993 and is headquartered in Neuburg an der Donau, Germany.

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1.b. Last Insights on VIH1

VIB Vermögen AG's recent performance was positively driven by a 22% revenue surge to €59.8m in the first half of 2025, accompanied by an increase in EPS to €0.80 from €0.69 in the same period last year. The company's robust financial results were highlighted by a significant top-line growth, suggesting a favorable business condition evolution. Additionally, the recent earnings announcement, although lacking strong enthusiasm, did not deter investors, implying a stable market sentiment. (Source: Company reports)

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Earnings Troubles May Signal Larger Issues for VIB Vermögen (ETR:VIH1) Shareholders

Sep -04

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VIB Vermögen First Half 2025 Earnings: EPS: €0.80 (vs €0.69 in 1H 2024)

Aug -30

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VIB Vermögen Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Mar -15

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Is Now The Time To Look At Buying VIB Vermögen AG (ETR:VIH1)?

Nov -29

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Calculating The Fair Value Of VIB Vermögen AG (ETR:VIH1)

Oct -08

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VIB Vermögen (ETR:VIH1) Strong Profits May Be Masking Some Underlying Issues

Sep -04

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As VIB Vermögen (ETR:VIH1) soars 11% this past week, investors may now be noticing the company's three-year earnings growth

Aug -29

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Victoria (LON:VCP) shareholders have endured a 87% loss from investing in the stock three years ago

Aug -28

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.83%)

6. Segments

Logistics/light Industry

Expected Growth: 4.83%

VIB Vermögen AG's Logistics/Light Industry segment growth of 4.83% is driven by increasing e-commerce demand, rising urbanization, and growing need for efficient supply chain management. Additionally, investments in digitalization, automation, and sustainability initiatives are contributing to the segment's growth.

Retail

Expected Growth: 4.83%

VIB Vermögen AG's Retail segment growth of 4.83% is driven by increasing consumer spending, e-commerce adoption, and strategic store expansions. Additionally, the company's focus on omnichannel retailing, loyalty programs, and targeted marketing campaigns have contributed to the growth. Furthermore, the company's ability to adapt to changing consumer preferences and its strong brand portfolio have also supported the segment's growth.

Office

Expected Growth: 4.65%

The 4.65% growth of Office segment from VIB Vermögen AG is driven by increasing demand for modern office spaces, rising employment rates, and growing e-commerce leading to higher logistics and warehousing needs. Additionally, the company's strategic focus on sustainable and energy-efficient buildings, as well as its strong asset management capabilities, contribute to its growth momentum.

Service/Other

Expected Growth: 4.83%

VIB Vermögen AG's Service/Other segment growth of 4.83% is driven by increasing demand for property management services, expansion into new regions, and strategic partnerships. Additionally, the company's focus on digitalization and process optimization has improved operational efficiency, leading to higher margins and revenue growth.

7. Detailed Products

Real Estate Investments

VIB Vermögen AG offers a range of real estate investment products, including direct property investments, real estate funds, and real estate debt investments.

Project Development

VIB Vermögen AG develops and implements real estate projects, including residential and commercial properties, hotels, and logistics centers.

Asset Management

VIB Vermögen AG provides asset management services for real estate investments, including portfolio management, property management, and risk management.

Real Estate Consulting

VIB Vermögen AG offers real estate consulting services, including market research, feasibility studies, and due diligence.

Property Management

VIB Vermögen AG provides property management services, including rental management, facility management, and technical management.

8. VIB Vermögen AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for VIB Vermögen AG is moderate, as there are alternative investment options available to customers, but the company's diversified portfolio and strong brand reputation help to mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is relatively low, as VIB Vermögen AG's customers are primarily institutional investors who have limited negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as VIB Vermögen AG relies on a diverse range of suppliers for its investment products and services, but has some negotiating power due to its scale and reputation.

Threat Of New Entrants

The threat of new entrants is relatively low, as VIB Vermögen AG operates in a highly regulated industry with significant barriers to entry, including high capital requirements and complex regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry in the industry is high, as VIB Vermögen AG operates in a highly competitive market with many established players, and must continually innovate and differentiate itself to maintain market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 52.43%
Debt Cost 3.95%
Equity Weight 47.57%
Equity Cost 8.71%
WACC 6.21%
Leverage 110.21%

11. Quality Control: VIB Vermögen AG passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Eastnine

A-Score: 5.7/10

Value: 4.7

Growth: 6.8

Quality: 6.7

Yield: 4.4

Momentum: 4.0

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Globalworth REI

A-Score: 5.6/10

Value: 6.8

Growth: 1.2

Quality: 4.3

Yield: 10.0

Momentum: 4.0

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
LSL Property Services

A-Score: 4.8/10

Value: 5.4

Growth: 2.3

Quality: 7.7

Yield: 5.6

Momentum: 2.0

Volatility: 5.7

1-Year Total Return ->

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Stock-Card
Savills

A-Score: 4.7/10

Value: 5.5

Growth: 3.8

Quality: 4.6

Yield: 4.4

Momentum: 2.5

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
Helical

A-Score: 4.4/10

Value: 3.8

Growth: 1.6

Quality: 6.3

Yield: 5.0

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

View Full Report
Stock-Card
VIB Vermögen

A-Score: 3.7/10

Value: 8.4

Growth: 3.1

Quality: 3.6

Yield: 1.9

Momentum: 1.0

Volatility: 4.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

10.25$

Current Price

10.25$

Potential

-0.00%

Expected Cash-Flows