QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
10.9 EUR
+0.1 (+0.93%)
QRF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. There are concerns on the financial health of QRF while its profitability can be described as average. QRF does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- In the past year QRF was profitable.
- In the past year QRF had a positive cash flow from operations.
- In multiple years QRF reported negative net income over the last 5 years.
- Each year in the past 5 years QRF had a positive operating cash flow.
1.2 Ratios
- QRF's Return On Assets of 1.43% is in line compared to the rest of the industry. QRF outperforms 43.90% of its industry peers.
- QRF's Return On Equity of 2.70% is on the low side compared to the rest of the industry. QRF is outperformed by 60.98% of its industry peers.
- QRF's Return On Invested Capital of 3.79% is fine compared to the rest of the industry. QRF outperforms 63.41% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for QRF is in line with the industry average of 3.37%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 2.7% | ||
| ROIC | 3.79% |
ROA(3y)2.86%
ROA(5y)1.47%
ROE(3y)5.61%
ROE(5y)2.86%
ROIC(3y)4.26%
ROIC(5y)3.85%
1.3 Margins
- Looking at the Profit Margin, with a value of 27.07%, QRF is in line with its industry, outperforming 43.90% of the companies in the same industry.
- QRF's Profit Margin has improved in the last couple of years.
- With a decent Operating Margin value of 76.78%, QRF is doing good in the industry, outperforming 65.85% of the companies in the same industry.
- In the last couple of years the Operating Margin of QRF has grown nicely.
- The Gross Margin of QRF (78.32%) is better than 68.29% of its industry peers.
- In the last couple of years the Gross Margin of QRF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 76.78% | ||
| PM (TTM) | 27.07% | ||
| GM | 78.32% |
OM growth 3Y13.86%
OM growth 5Y8.3%
PM growth 3Y63.42%
PM growth 5YN/A
GM growth 3Y-0.74%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), QRF is destroying value.
- Compared to 1 year ago, QRF has about the same amount of shares outstanding.
- Compared to 5 years ago, QRF has more shares outstanding
- Compared to 1 year ago, QRF has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.34, we must say that QRF is in the distress zone and has some risk of bankruptcy.
- QRF has a Altman-Z score of 0.34. This is amonst the worse of the industry: QRF underperforms 85.37% of its industry peers.
- The Debt to FCF ratio of QRF is 9.98, which is on the high side as it means it would take QRF, 9.98 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of QRF (9.98) is better than 78.05% of its industry peers.
- QRF has a Debt/Equity ratio of 0.51. This is a neutral value indicating QRF is somewhat dependend on debt financing.
- QRF's Debt to Equity ratio of 0.51 is amongst the best of the industry. QRF outperforms 82.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.98 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.77
WACC4.95%
2.3 Liquidity
- A Current Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
- QRF has a worse Current ratio (0.07) than 92.68% of its industry peers.
- A Quick Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
- QRF's Quick ratio of 0.07 is on the low side compared to the rest of the industry. QRF is outperformed by 92.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
- QRF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -70.92%.
- Measured over the past years, QRF shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.13% on average per year.
- QRF shows a decrease in Revenue. In the last year, the revenue decreased by -9.76%.
- QRF shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.85% yearly.
EPS 1Y (TTM)-70.92%
EPS 3Y63.13%
EPS 5YN/A
EPS Q2Q%-68.48%
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%-5.93%
3.2 Future
- The Earnings Per Share is expected to decrease by -5.11% on average over the next years.
- Based on estimates for the next years, QRF will show a quite strong growth in Revenue. The Revenue will grow by 11.27% on average per year.
EPS Next Y-24.01%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
EPS Next 5YN/A
Revenue Next Year3.94%
Revenue Next 2Y13.6%
Revenue Next 3Y11.27%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 26.59, QRF can be considered very expensive at the moment.
- 63.41% of the companies in the same industry are cheaper than QRF, based on the Price/Earnings ratio.
- QRF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.60.
- With a Price/Forward Earnings ratio of 11.99, the valuation of QRF can be described as very reasonable.
- QRF's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 25.83. QRF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.59 | ||
| Fwd PE | 11.99 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of QRF indicates a slightly more expensive valuation: QRF is more expensive than 68.29% of the companies listed in the same industry.
- QRF's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. QRF is cheaper than 63.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.19 | ||
| EV/EBITDA | 22.94 |
4.3 Compensation for Growth
- QRF's earnings are expected to decrease with -5.11% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
5. Dividend
5.1 Amount
- QRF has a Yearly Dividend Yield of 5.37%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.41, QRF has a dividend in line with its industry peers.
- QRF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
5.2 History
- The dividend of QRF has a limited annual growth rate of 2.11%.
Dividend Growth(5Y)2.11%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
- QRF pays out 201.17% of its income as dividend. This is not a sustainable payout ratio.
- The Dividend Rate of QRF has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP201.17%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
QRF COMM VA / QRF.BR FAQ
Can you provide the ChartMill fundamental rating for QRF COMM VA?
ChartMill assigns a fundamental rating of 4 / 10 to QRF.BR.
What is the valuation status of QRF COMM VA (QRF.BR) stock?
ChartMill assigns a valuation rating of 3 / 10 to QRF COMM VA (QRF.BR). This can be considered as Overvalued.
How profitable is QRF COMM VA (QRF.BR) stock?
QRF COMM VA (QRF.BR) has a profitability rating of 5 / 10.
What is the earnings growth outlook for QRF COMM VA?
The Earnings per Share (EPS) of QRF COMM VA (QRF.BR) is expected to decline by -24.01% in the next year.
How sustainable is the dividend of QRF COMM VA (QRF.BR) stock?
The dividend rating of QRF COMM VA (QRF.BR) is 4 / 10 and the dividend payout ratio is 201.17%.