VGP (CHIX:VGPB) Beginning Cash Position: €423.3 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:VGPB VGP SA CHIX:VGPB
74 GF Score
Price €81.10
GF Value €144.45
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is VGP Beginning Cash Position?

VGP CHIX:VGPB 74 Beginning Cash Position is €423.3 Mil as of Dec. 2025. GuruFocus rates CHIX:VGPB with a GF Score™ of 74/100 and a GF Value™ of €144.45 (Possible Value Trap). The stock has 6 warning signs investors should review.

VGP's Beginning Cash Position for the quarter that ended in Dec. 2025 was €423.3 Mil.

VGP's quarterly Beginning Cash Position declined from Dec. 2024 (€624.8 Mil) to Jun. 2025 (€492.3 Mil) and declined from Jun. 2025 (€492.3 Mil) to Dec. 2025 (€423.3 Mil).

VGP's annual Beginning Cash Position declined from Dec. 2023 (€695.9 Mil) to Dec. 2024 (€219.1 Mil) but then increased from Dec. 2024 (€219.1 Mil) to Dec. 2025 (€492.0 Mil).

VGP Beginning Cash Position Related Terms

VGP Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for VGP's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VGP Beginning Cash Position Chart

VGP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 218.60 219.71 695.95 219.10 491.99

VGP Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 348.10 219.35 624.77 492.34 423.28
CHIX:VGPB
74GF Score
VGP SA CHIX:VGPB
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VGP Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €423.3 Mil mean?
VGP (CHIX:VGPB) has a Beginning Cash Position of €423.3 Mil as of Dec. 2025. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on VGP and its competitors.
Is VGP's Beginning Cash Position too high?
VGP's current Beginning Cash Position is €423.3 Mil. Overall, VGP has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VGP's Beginning Cash Position compare to CBRE and BEKE?
VGP's Beginning Cash Position of €423.3 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Real Estate company?
A good Beginning Cash Position depends on the Real Estate industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on VGP and its competitors. VGP's current Beginning Cash Position is €423.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGP stock overvalued right now?
Based on GuruFocus' analysis, VGP (CHIX:VGPB) is currently considered Possible Value Trap. The stock's GF Value™ is €144.45, compared to a current price of €81.10 — trading 43.9% below its estimated fair value. The current Beginning Cash Position is €423.3 Mil. VGP's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For VGP (CHIX:VGPB), the current Beginning Cash Position is €423.3 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VGP (CHIX:VGPB) Overvalued in 2026?

Based on GuruFocus' analysis, VGP stock appears to be undervalued. The current stock price of €81.10 is trading 43.9% below its estimated GF Value™ of €144.45. GuruFocus considers VGP to be Possible Value Trap.

Key valuation signals for CHIX:VGPB:

  • Beginning Cash Position: €423.3 Mil
  • GF Value™: €144.45 vs. price of €81.10 (43.9% below fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the CHIX:VGPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

VGP Business Description

Address Generaal Lemanstraat 55 Bus 4, B-2018 ANTWERP, Antwerp, BEL, B-2018
VGP SA is a real estate company. The company through its subsidiaries designs, constructs, and leases out logistics complexes and semi-industrial parks. Its business line includes Investment business, Property Development, and Property and asset management. The company derives the maximum rental income from the investment business. Geographically, it has a presence in Germany, Spain, Austria, the Czech Republic, Slovakia, Hungary, Latvia, and Romania.
74GF Score

Get the complete analysis for CHIX:VGPB

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€81.10
Price
€144.45
GF Value