QRF COMM VA (QRF.BR) Stock Fundamental Analysis
EBR:QRF - Euronext Brussels - BE0974272040 - REIT - Currency: EUR
Taking everything into account, QRF scores 5 out of 10 in our fundamental rating. QRF was compared to 41 industry peers in the Diversified REITs industry. QRF scores excellent on profitability, but there are concerns on its financial health. QRF has a bad growth rate and is valued cheaply.
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.
The reported net income has been mixed in the past 5 years: QRF reported negative net income in multiple years.
In the past 5 years QRF always reported a positive cash flow from operatings.
1.2 Ratios
QRF has a better Return On Assets (5.05%) than 83.72% of its industry peers.
QRF has a Return On Equity of 9.05%. This is in the better half of the industry: QRF outperforms 79.07% of its industry peers.
The Return On Invested Capital of QRF (6.14%) is better than 83.72% of its industry peers.
QRF had an Average Return On Invested Capital over the past 3 years of 3.55%. This is in line with the industry average of 4.05%.
The 3 year average ROIC (3.55%) for QRF is below the current ROIC(6.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.05% | ||
| ROE | 9.05% | ||
| ROIC | 6.14% |
ROA(3y)1.56%
ROA(5y)-1.11%
ROE(3y)3.33%
ROE(5y)-2.11%
ROIC(3y)3.55%
ROIC(5y)3.51%
1.3 Margins
The Profit Margin of QRF (84.08%) is better than 93.02% of its industry peers.
QRF has a better Operating Margin (115.15%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of QRF has remained more or less at the same level.
Looking at the Gross Margin, with a value of 89.99%, QRF is in the better half of the industry, outperforming 79.07% of the companies in the same industry.
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 | 115.15% | ||
| PM (TTM) | 84.08% | ||
| GM | 89.99% |
OM growth 3Y2.09%
OM growth 5Y1.05%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.56%
GM growth 5Y0.94%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), QRF is creating some value.
Compared to 1 year ago, QRF has more 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 0.37, we must say that QRF is in the distress zone and has some risk of bankruptcy.
QRF has a worse Altman-Z score (0.37) than 86.05% of its industry peers.
The Debt to FCF ratio of QRF is 10.12, which is on the high side as it means it would take QRF, 10.12 years of fcf income to pay off all of its debts.
QRF has a better Debt to FCF ratio (10.12) than 74.42% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that QRF is somewhat dependend on debt financing.
The Debt to Equity ratio of QRF (0.51) is better than 83.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 10.12 | ||
| Altman-Z | 0.37 |
ROIC/WACC1.45
WACC4.22%
2.3 Liquidity
A Current Ratio of 0.08 indicates that QRF may have some problems paying its short term obligations.
QRF's Current ratio of 0.08 is on the low side compared to the rest of the industry. QRF is outperformed by 88.37% of its industry peers.
A Quick Ratio of 0.08 indicates that QRF may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.08, QRF is doing worse than 88.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 |
3. Growth
3.1 Past
QRF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 81.28%, which is quite impressive.
The Revenue has decreased by -2.04% in the past year.
Measured over the past years, QRF shows a decrease in Revenue. The Revenue has been decreasing by -1.71% on average per year.
EPS 1Y (TTM)81.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%543.61%
Revenue 1Y (TTM)-2.04%
Revenue growth 3Y8.35%
Revenue growth 5Y-1.71%
Sales Q2Q%-11.54%
3.2 Future
Based on estimates for the next years, QRF will show a small growth in Earnings Per Share. The EPS will grow by 5.66% on average per year.
Based on estimates for the next years, QRF will show a small growth in Revenue. The Revenue will grow by 0.53% on average per year.
EPS Next Y10.68%
EPS Next 2Y7.26%
EPS Next 3Y5.66%
EPS Next 5YN/A
Revenue Next Year-9.29%
Revenue Next 2Y-4.01%
Revenue Next 3Y-1.82%
Revenue Next 5Y0.53%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 7.33, which indicates a rather cheap valuation of QRF.
Compared to the rest of the industry, the Price/Earnings ratio of QRF indicates a rather cheap valuation: QRF is cheaper than 88.37% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, QRF is valued rather cheaply.
QRF is valuated reasonably with a Price/Forward Earnings ratio of 8.81.
Based on the Price/Forward Earnings ratio, QRF is valued cheaper than 81.40% of the companies in the same industry.
QRF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 8.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit cheaper than the industry average as 76.74% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, QRF is valued a bit cheaper than the industry average as 76.74% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.87 | ||
| EV/EBITDA | 11.37 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of QRF may justify a higher PE ratio.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y7.26%
EPS Next 3Y5.66%
5. Dividend
5.1 Amount
QRF has a Yearly Dividend Yield of 5.38%, which is a nice return.
QRF's Dividend Yield is comparable with the industry average which is at 8.71.
QRF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.38% |
5.2 History
The dividend of QRF decreases each year by -15.68%.
Dividend Growth(5Y)-15.68%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
QRF pays out 55.66% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP55.66%
EPS Next 2Y7.26%
EPS Next 3Y5.66%
EBR:QRF (3/7/2025, 7:00:00 PM)
10.55
+0.15 (+1.44%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners14.11%
Inst Owner ChangeN/A
Ins Owners6.19%
Ins Owner ChangeN/A
Market Cap82.29M
Analysts80
Price Target12.75 (20.85%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.38% |
Yearly Dividend0.52
Dividend Growth(5Y)-15.68%
DP55.66%
Div Incr Years0
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 8.81 | ||
| P/S | 6.17 | ||
| P/FCF | 8.87 | ||
| P/OCF | 8.7 | ||
| P/B | 0.66 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | 11.37 |
EPS(TTM)1.44
EY13.65%
EPS(NY)1.2
Fwd EY11.34%
FCF(TTM)1.19
FCFY11.28%
OCF(TTM)1.21
OCFY11.5%
SpS1.71
BVpS15.88
TBVpS15.88
PEG (NY)0.69
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.05% | ||
| ROE | 9.05% | ||
| ROCE | 8.19% | ||
| ROIC | 6.14% | ||
| ROICexc | 6.17% | ||
| ROICexgc | 6.17% | ||
| OM | 115.15% | ||
| PM (TTM) | 84.08% | ||
| GM | 89.99% | ||
| FCFM | 69.61% |
ROA(3y)1.56%
ROA(5y)-1.11%
ROE(3y)3.33%
ROE(5y)-2.11%
ROIC(3y)3.55%
ROIC(5y)3.51%
ROICexc(3y)3.59%
ROICexc(5y)3.56%
ROICexgc(3y)3.59%
ROICexgc(5y)3.56%
ROCE(3y)4.74%
ROCE(5y)4.68%
ROICexcg growth 3Y9.73%
ROICexcg growth 5Y1.8%
ROICexc growth 3Y9.73%
ROICexc growth 5Y1.8%
OM growth 3Y2.09%
OM growth 5Y1.05%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.56%
GM growth 5Y0.94%
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 10.12 | ||
| Debt/EBITDA | 4.11 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 4.31 | ||
| Cash Conversion | 61.48% | ||
| Profit Quality | 82.79% | ||
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 | ||
| Altman-Z | 0.37 |
F-Score5
WACC4.22%
ROIC/WACC1.45
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)81.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%543.61%
EPS Next Y10.68%
EPS Next 2Y7.26%
EPS Next 3Y5.66%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.04%
Revenue growth 3Y8.35%
Revenue growth 5Y-1.71%
Sales Q2Q%-11.54%
Revenue Next Year-9.29%
Revenue Next 2Y-4.01%
Revenue Next 3Y-1.82%
Revenue Next 5Y0.53%
EBIT growth 1Y40.03%
EBIT growth 3Y10.62%
EBIT growth 5Y-0.68%
EBIT Next Year926.54%
EBIT Next 3Y120.6%
EBIT Next 5YN/A
FCF growth 1Y-4.91%
FCF growth 3Y18.23%
FCF growth 5Y8.18%
OCF growth 1Y-3.15%
OCF growth 3Y18.18%
OCF growth 5Y8.16%