CTP CTPNV.AS
NetherlandsReal Estate · Real Estate - DevelopmentEuronext Ámsterdam · EUR
19.73 EUR (+57.1%)
18 analysts
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CTP NV is a developer and manager of logistics and industrial parks in Central and Eastern Europe, generating income from property rental and development.
Listed on Euronext Ámsterdam · Symbol CTPNV.AS · AMS: CTPNV · Currency EUR
Key points
from its scores- ✓Strong growth7.2
- ✕Poor share-price trend1.5
- ✕Fragile balance sheet3.1
- ✕Little competitive advantage4.4
AI analysis
bottom line, main risk, context and newsHold, given the high leverage and sensitivity to interest rates, despite the attractive dividend and revenue growth.
CTP shows a highly leveraged balance sheet (Net Debt/EBITDA of 12.7x) and a high gross margin (79.5%), with revenue growth of 12.4% and a net dividend yield of 5.49%. However, the ECB's rising rate environment and weak momentum (-26.9%) are significant risk factors.
The main risk is the very high leverage (Net Debt/EBITDA of 12.7x) in an environment of rising rates by the ECB, which could make financing more expensive and pressure asset valuations.
Context and risks
The real estate development business in Central and Eastern Europe is exposed to a rising interest rate environment by the ECB, which makes financing a highly leveraged balance sheet (Net Debt/EBITDA of 12.7x) more expensive. Rising rates also pressure real estate asset valuations, a key risk for a REIT.
Is CTP stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 49% below the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 10.9 | 21.6 | −49% |
| EV / EBITDA | 21.3 | 18.5 | +15% |
| Price / book | 0.7 | 1.4 | −49% |
| Price / sales | 6.0 | 6.3 | −5% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.3 out of 10 (median for Real Estate: 4.9).
Average analyst target: 19.73 EUR, +57.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 3.1 (sector 5.5), Growth 7.2 (sector 5.7).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 10.9
- Forward P/E
- 11.3
- EV / EBITDA
- 21.3
- Price / book
- 0.7
- Price / sales
- 6.0
- PEG
- 2.76
- Market cap
- 6.2B EUR
- Enterprise value
- 15.2B EUR
Profitability
- ROE
- 6.8%
- ROA
- 2.2%
- ROIC (approx.)
- 4.0%
- Gross margin
- 79.5%
- Operating margin
- 69.5%
- Net margin
- 53.9%
- Free cash flow
- 159.5M EUR
- FCF yield
- 2.6%
- Cash conversion
- 22%
Solvency
- Total debt
- 9.5B EUR
- Net debt
- 9.1B EUR
- Cash
- 411.1M EUR
- EBITDA
- 714.1M EUR
- Net debt / EBITDA
- 12.70
- Debt / equity
- 111.80
- Current ratio
- 0.63
- Quick ratio
- 0.63
Growth
- Revenue growth
- +12.4%
- EPS (TTM)
- 1.15 EUR
- EPS (forward)
- 1.11 EUR
Dividend
- Dividend yield
- 5.5%
- Payout
- 54.8%
Risk and market
- Beta
- 0.99
- Analyst consensus
- Strong buy (18)
- Target price
- 19.73 EUR
- 52-week range
- 12.48 – 19.62
Recent news
All CTPNV.AS news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about CTP
Is CTP stock cheap or expensive?
On P/E and Price / book, it trades 49% below the Real Estate median on average. Valuation score: 5.3 out of 10 (median for Real Estate: 4.9). Average analyst target: 19.73 EUR, +57.1% versus the price. This is not investment advice.
What score does CTP get on MeridIAn Screener?
It scores 4.9 out of 10, rank 1,734 of 2,130 (better than 17% of the companies analysed). Its strongest category is Growth (7.2) and its weakest, Momentum (1.5). Analysis of 08/10/2026.
What is CTP's P/E ratio?
Its P/E is 10.9: the share price equals 10.9 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 11.3.
How much is CTP worth on the stock market?
Its market capitalisation is 6.2B EUR.
Does CTP pay a dividend?
Yes: its dividend yield is 5.49% and it pays out 55% of its earnings.
How has CTP stock performed over the last year?
It has fallen 30.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 12.48 and 19.62 EUR. Past performance does not guarantee future results.
What do analysts think of CTP?
18 analysts cover it; their average recommendation is “Strong buy” and their average target is 19.73 EUR (+57.1% versus the price). It is an estimate, not market data.