CTPNV Stock Analysis: CTP | AS
Real Estate - Development | AS, Netherlands | Market Cap: 6.245m EUR | 12M Return: -30.5% | NL00150006R6 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.29M
EPS Trend: 75.6%
Rev. Trend: 98.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CTP N.V. is a Netherlands-based real estate company and Europes largest listed owner, developer, and manager of logistics and industrial property by gross lettable area, with 13.8 million sqm of GLA spread across 10 countries as of 30 September 2025. The company follows a vertically integrated business model, handling development, ownership, and asset management of warehouses and industrial facilities, which are typically leased to logistics, manufacturing, and distribution tenants on long-term contracts. Founded in 1998 and headquartered in Amsterdam, CTP certifies all new buildings to BREEAM Very good or higher and holds a negligible-risk ESG rating from Sustainalytics. It operates as a subsidiary of CTP Holding B.V. and is classified under the GICS Real Estate Development sub-industry.
- Industrial portfolio rental income grows on CEE warehouse expansion
- Interest rate cuts support cap rate stability and asset valuations
- E-commerce demand sustains warehouse occupancy and pricing power
| Net Income: 556.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.37 > 1.0 |
| NWC/Revenue: -3.07% < 20% (prev 11.98%; Δ -15.06% < -1%) |
| CFO/TA 0.02 > 3% & CFO 340.0m > Net Income 556.0m |
| Net Debt (9.09b) to EBITDA (858.1m): 10.59 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (493.2m) vs 12m ago 3.69% < -2% |
| Gross Margin: 78.22% > 18% (prev 79.08%; Δ -0.86% > 0.5%) |
| Asset Turnover: 5.35% > 50% (prev 4.97%; Δ 0.38% > 0%) |
| Interest Coverage Ratio: 2.64 > 6 (EBIT TTM 840.9m / Interest Expense TTM 318.9m) |
| A: -0.00 (Total Current Assets 881.3m - Total Current Liabilities 913.1m) / Total Assets 20.2b |
| B: 0.26 (Retained Earnings 5.29b / Total Assets 20.2b) |
| C: 0.04 (EBIT TTM 840.9m / Avg Total Assets 19.4b) |
| D: 0.73 (Book Value of Equity 8.48b / Total Liabilities 11.7b) |
| Altman-Z'' = 1.90 = BBB |
| DSRI: 1.38 (Receivables 390.7m/251.8m, Revenue 1.03b/922.1m) |
| GMI: 1.01 (GM 79.08% / 78.22%) |
| AQI: 1.02 (AQ_t 0.94 / AQ_t-1 0.92) |
| SGI: 1.12 (Revenue 1.03b / 922.1m) |
| TATA: 0.01 (NI 556.0m - CFO 340.0m) / TA 20.2b) |
| Beneish M = -2.60 (Cap -4..+1) = A |
As of October 20, 2026, the stock is trading at EUR 12.50 with a total of 266,845 shares traded. Over the past week, the price has changed by +1.46%, over one month by -7.68%, over three months by -19.53% and over the past year by -30.48%.
Current recommended Stop Loss: 12.00 (which is 4% or 1.6 ATR below the current price).
CTP has no consensus analysts rating.
P/E Trailing = 10.7059
P/E Forward = 12.21
P/S = 6.0519
P/B = 0.7803
P/EG = 2.7596
Revenue TTM = 1.03b EUR
EBIT TTM = 840.9m EUR
EBITDA TTM = 858.1m EUR
Long Term Debt = 8.53b EUR (from longTermDebt, last quarter)
Short Term Debt = 913.1m EUR (from shortTermDebt, last quarter)
Debt = 9.50b EUR (from shortLongTermDebtTotal, last quarter) + Leases 57.7m
Net Debt = 9.09b EUR (calculated: Debt 9.50b - CCE 411.1m)
Enterprise Value = 15.3b EUR (6.24b + Debt 9.50b - CCE 411.1m)
Interest Coverage Ratio = 2.64 (Ebit TTM 840.9m / Interest Expense TTM 318.9m)
EV/FCF = 64.86x (Enterprise Value 15.3b / FCF TTM 236.4m)
FCF Yield = 1.54% (FCF TTM 236.4m / Enterprise Value 15.3b)
FCF Margin = 22.84% (FCF TTM 236.4m / Revenue TTM 1.03b)
Net Margin = 53.72% (Net Income TTM 556.0m / Revenue TTM 1.03b)
Gross Margin = 78.22% ((Revenue TTM 1.03b - Cost of Revenue TTM 225.4m) / Revenue TTM)
Gross Margin QoQ = 79.75% (prev 80.19%)
Tobins Q-Ratio = 0.76 (Enterprise Value 15.3b / Total Assets 20.2b)
Interest Expense / Debt = 3.36% (Interest Expense 318.9m / Debt 9.50b)
Taxrate = 22.71% (163.4m / 719.6m)
NOPAT = 650.0m (EBIT 840.9m * (1 - 22.71%))
Current Ratio = 0.97 (Total Current Assets 881.3m / Total Current Liabilities 913.1m)
Debt / Equity = 1.12 (Debt 9.50b / totalStockholderEquity, last quarter 8.48b)
Debt / EBITDA = 10.59 (Net Debt 9.09b / EBITDA 858.1m)
Debt / FCF = 38.44 (Net Debt 9.09b / FCF TTM 236.4m)
Total Stockholder Equity = 8.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.87% (Net Income 556.0m / Total Assets 20.2b)
RoE = 6.57% (Net Income TTM 556.0m / Total Stockholder Equity 8.47b)
RoCE = 4.95% (EBIT 840.9m / Capital Employed (Equity 8.47b + L.T.Debt 8.53b))
RoIC = 3.23% (NOPAT 650.0m / Invested Capital 20.1b)
WACC = 3.81% (E(6.24b)/V(15.7b) * Re(5.65%) + D(9.50b)/V(15.7b) * Rd(3.36%) * (1-Tc(0.23)))
Discount Rate = 5.65% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 56.58 | Cagr: 4.69%
[DCF] Terminal Value 73.10% ; FCFF base≈256.6m ; Y1≈225.0m ; Y5≈181.8m
[DCF] Fair Price = N/A (negative equity: EV 2.92b - Net Debt 9.09b = -6.17b; debt exceeds intrinsic value)
EPS Correlation: 75.60 | EPS CAGR: 11.98% | SUE: N/A | # QB: 0
Revenue Correlation: 98.08 | Revenue CAGR: 19.11% | SUE: 0.10 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=1.01 | Chg30d=+0.73% | Revisions=-17% | GrowthEPS=+19.2% | GrowthRev=-0.2%
EPS next Year (2027-12-31): EPS=1.11 | Chg30d=+1.93% | Revisions=-29% | GrowthEPS=+9.9% | GrowthRev=+16.0%
[Analyst] Revisions Ratio: -30% (up=2, down=5)