(CTPNV) CTP - AS
Sector: Real Estate | Industry: Real Estate - Development | Exchange: AS (Netherlands) | Market Cap: 7.586m EUR | Total Return: -4.5% in 12m
Avg Turnover: 2.22M
EPS Trend: 75.6%
Rev. Trend: 98.5%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 6.8 → Forward 15.5
Below Avwap Earnings
Tailwinds
Confidence
CTP N.V. is a vertically integrated commercial real estate developer and operator headquartered in Amsterdam. The company specializes in industrial and logistics properties, including manufacturing facilities and R&D centers, across Central and Eastern Europe and select Western European markets. Its business model relies on the CTPark concept, which involves large-scale, master-planned business parks that integrate industrial space with amenities and renewable energy infrastructure.
The company maintains a significant presence in the Czech Republic and Romania, focusing on the nearshoring trend where manufacturers move production closer to European consumer bases. In addition to its core industrial portfolio, CTP N.V. manages office, retail, and hotel assets while expanding into solar energy generation on its existing roof space. Investors looking for deeper insights into these regional real estate trends can find detailed metrics on ValueRay. The firm operates as a subsidiary of CTP Holding B.V. and has expanded its geographical footprint since its founding in 1998.
- Industrial demand in Central and Eastern European markets fuels rental income growth
- Yield compression and interest rate volatility impact net asset value valuations
- Expansion of solar energy portfolio diversifies revenue and improves property margins
- Strategic land bank acquisition pace dictates long-term development pipeline potential
- Nearshoring trends in European manufacturing drive industrial and logistics space absorption
| Net Income: 1.10b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.49 > 1.0 |
| NWC/Revenue: 20.57% < 20% (prev 92.68%; Δ -72.10% < -1%) |
| CFO/TA 0.01 > 3% & CFO 298.2m > Net Income 1.10b |
| Net Debt (8.80b) to EBITDA (1.53b): 5.77 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (483.0m) vs 12m ago 0.87% < -2% |
| Gross Margin: 79.11% > 18% (prev 78.31%; Δ 0.80% > 0.5%) |
| Asset Turnover: 5.11% > 50% (prev 4.80%; Δ 0.31% > 0%) |
| Interest Coverage Ratio: 4.73 > 6 (EBIT TTM 1.51b / Interest Expense TTM 318.5m) |
| A: 0.01 (Total Current Assets 1.09b - Total Current Liabilities 882.5m) / Total Assets 20.3b |
| B: 0.27 (Retained Earnings 5.40b / Total Assets 20.3b) |
| C: 0.08 (EBIT TTM 1.51b / Avg Total Assets 19.5b) |
| D: 0.75 (Book Value of Equity 8.68b / Total Liabilities 11.6b) |
| Altman-Z'' = 2.24 = BBB |
| DSRI: 1.23 (Receivables 386.1m/282.6m, Revenue 998.9m/902.6m) |
| GMI: 0.99 (GM 78.31% / 79.11%) |
| AQI: 1.07 (AQ_t 0.93 / AQ_t-1 0.87) |
| SGI: 1.11 (Revenue 998.9m / 902.6m) |
| TATA: 0.04 (NI 1.10b - CFO 298.2m) / TA 20.3b) |
| Beneish M = -2.72 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at EUR 15.50 with a total of 99,501 shares traded.
Over the past week, the price has changed by +1.04%,
over one month by -0.80%,
over three months by -1.17% and
over the past year by -4.47%.
CTP has no consensus analysts rating.
P/E Trailing = 6.8297
P/E Forward = 15.456
P/S = 7.5627
P/B = 0.8852
P/EG = 2.7596
Revenue TTM = 998.9m EUR
EBIT TTM = 1.51b EUR
EBITDA TTM = 1.53b EUR
Long Term Debt = 8.49b EUR (from longTermDebt, last quarter)
Short Term Debt = 882.5m EUR (from shortTermDebt, last quarter)
Debt = 9.44b EUR (from shortLongTermDebtTotal, last quarter) + Leases 57.7m
Net Debt = 8.80b EUR (calculated: Debt 9.44b - CCE 633.0m)
Enterprise Value = 16.4b EUR (7.59b + Debt 9.44b - CCE 633.0m)
Interest Coverage Ratio = 4.73 (Ebit TTM 1.51b / Interest Expense TTM 318.5m)
EV/FCF = 82.39x (Enterprise Value 16.4b / FCF TTM 198.9m)
FCF Yield = 1.21% (FCF TTM 198.9m / Enterprise Value 16.4b)
FCF Margin = 19.91% (FCF TTM 198.9m / Revenue TTM 998.9m)
Net Margin = 109.9% (Net Income TTM 1.10b / Revenue TTM 998.9m)
Gross Margin = 79.11% ((Revenue TTM 998.9m - Cost of Revenue TTM 208.7m) / Revenue TTM)
Gross Margin QoQ = 80.19% (prev 74.66%)
Tobins Q-Ratio = 0.81 (Enterprise Value 16.4b / Total Assets 20.3b)
Interest Expense / Debt = 3.38% (Interest Expense 318.5m / Debt 9.44b)
Taxrate = 20.83% (289.0m / 1.39b)
NOPAT = 1.19b (EBIT 1.51b * (1 - 20.83%))
Current Ratio = 1.23 (Total Current Assets 1.09b / Total Current Liabilities 882.5m)
Debt / Equity = 1.09 (Debt 9.44b / totalStockholderEquity, last quarter 8.68b)
Debt / EBITDA = 5.77 (Net Debt 8.80b / EBITDA 1.53b)
Debt / FCF = 44.25 (Net Debt 8.80b / FCF TTM 198.9m)
Total Stockholder Equity = 8.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.62% (Net Income 1.10b / Total Assets 20.3b)
RoE = 13.16% (Net Income TTM 1.10b / Total Stockholder Equity 8.34b)
RoCE = 8.96% (EBIT 1.51b / Capital Employed (Equity 8.34b + L.T.Debt 8.49b))
RoIC = 5.90% (NOPAT 1.19b / Invested Capital 20.2b)
WACC = 4.47% (E(7.59b)/V(17.0b) * Re(6.71%) + D(9.44b)/V(17.0b) * Rd(3.38%) * (1-Tc(0.21)))
Discount Rate = 6.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 3.38%
[DCF] Terminal Value 73.10% ; FCFF base≈229.9m ; Y1≈201.6m ; Y5≈162.9m
[DCF] Fair Price = N/A (negative equity: EV 2.62b - Net Debt 8.80b = -6.19b; debt exceeds intrinsic value)
EPS Correlation: 75.60 | EPS CAGR: 11.98% | SUE: N/A | # QB: 0
Revenue Correlation: 98.52 | Revenue CAGR: 20.00% | SUE: 0.13 | # QB: 0
EPS current Year (2026-12-31): EPS=1.00 | Chg30d=-0.06% | Revisions=+45% | GrowthEPS=+18.2% | GrowthRev=+3.2%
EPS next Year (2027-12-31): EPS=1.11 | Chg30d=-0.02% | Revisions=+27% | GrowthEPS=+10.4% | GrowthRev=+15.5%
[Analyst] Revisions Ratio: +45%