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VTR.PA

Vitura SA (VTR.PA) fair value

Real Estate · REIT - Office · Euronext Paris · France
€2.54+1.60%
Market cap €43MNext earnings 2025-07-30Updated Oct 22, 2026
Our verdict
Trades 70% below our fair value
Price
€2.54
Model fair valueConfidence: low
about €8.38
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Treated as a REIT (property company). None of the usual models had enough data, so this uses Net asset value and P/E comparison instead.
ACCE opinionVitura SA (VTR.PA)
Fair value
Not available
ACCE price target
€2.90
Rating
Not rated
Horizon
12 months
ACCE price target published on 23 Oct 2026, 01:52 CEST.
Price used: €2.54 at the close on 23 Oct 2026, 17:30 CEST.
Models: Net asset value and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
46
out of 100
1-year return
-55.4%
Dividend yield
0.00%

Vitura SA in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Vitura SA is a small French office REIT with a 43M EUR market cap, owning and leasing commercial property in France. Revenue is growing 7.8%, and operating margin sits at 48.4% on a 64.2% gross margin, which tells you the rental book is high-yield on cost even though the company is not profitable at the net level (ROE of -14.9%). The forward P/E of 1.1 is an unusually low multiple and is worth checking against whether it reflects a one-off earnings item or a genuine cash-flow mispricing. Two things need work before anyone sizes a position: the balance sheet and debt maturity schedule behind the negative ROE, and whether the 7.8% growth comes from leasing or acquisitions. With no index membership and a micro-cap float, liquidity is the practical constraint, so this is a name to pull the filings on and read the lease roll, not one to act on from the headline ratios.

AI-assisted·How I use AIWritten Oct 23, 2026

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Valuation

INVESTOR
Where VTR.PA's valuation models land
Price
€2.54
Model fair valueConfidence: low
about €8.38
Model
Fair value
Upside
Net asset value
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-12.4%
1 month
-37.1%
3 months
-38.3%
6 months
-36.5%
YTD
-32.4%
1 year
-55.4%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:52 CESTACCE price target€2.90first publication€2.50

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in EUR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value54Quality50Momentum17Total46
Valuation
Trailing P/E
no data
Forward P/E
1.1x
PEG
no data
P/B
0.31x
EV / Revenue
10.5x
Book value/sh
€13.03
Enterprise value
€686M
Profitability
ROE
-14.9%
FCF yield
9.21%
ROIC
-1.9%
Health and risk
Debt / equity
2.60
Dividend yield
0.00%
Beta
0.54

Price

-54.6% · 1Y

Ask anything about VTR.PA

Answered from Vitura SA fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
ROEbetter than 17% of peers
low -16%-15%high 7%
Div yieldbetter than 33% of peers
low 0.0%0.0%high 9.1%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
VTR.PA Vitura SA€2.54----14.9%5046
ACAN.PA Acanthe Développement€0.18----6.6%4738
ONL Orion Properties Inc. Common Stock$2.19----13.8%4824
NLOP Net Lease Office Properties Common Shares of Beneficial Interest$9.62----13.5%5638
CMCT Creative Media & Community Trust Corporation Common stock$3.13----15.6%2525
ARM.MC Árima Real Estate SOCIMI, S.A.€11.40€844% above9.0x6.7%8164
NSI.AS NSI N.V.€17.64----2.5%6041

Sector report card

Where VTR.PA ranks against its sector peers on each metric.

Computing percentiles…