QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
10.95 EUR
0 (0%)
Overall QRF gets a fundamental rating of 3 out of 10. We evaluated QRF against 41 industry peers in the Diversified REITs industry. QRF has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
- QRF had a positive operating cash flow in the past year.
- In multiple years QRF reported negative net income over the last 5 years.
- In the past 5 years QRF always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of QRF (1.43%) is comparable to the rest of the industry.
- QRF has a Return On Equity of 2.70%. This is in the lower half of the industry: QRF underperforms 61.90% of its industry peers.
- QRF has a Return On Invested Capital of 3.79%. This is in the better half of the industry: QRF outperforms 61.90% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital 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
- The Profit Margin of QRF (27.07%) is comparable to the rest of the industry.
- QRF's Profit Margin has improved in the last couple of years.
- QRF has a Operating Margin of 76.78%. This is in the better half of the industry: QRF outperforms 66.67% of its industry peers.
- QRF's Operating Margin has improved in the last couple of years.
- QRF has a Gross Margin of 78.32%. This is in the better half of the industry: QRF outperforms 69.05% of its industry peers.
- QRF's Gross Margin has been stable in the last couple of years.
| 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 0.35, we must say that QRF is in the distress zone and has some risk of bankruptcy.
- QRF's Altman-Z score of 0.35 is on the low side compared to the rest of the industry. QRF is outperformed by 88.10% 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.
- QRF has a better Debt to FCF ratio (9.98) than 78.57% of its industry peers.
- A Debt/Equity ratio of 0.51 indicates that QRF is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.51, QRF is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.98 | ||
| Altman-Z | 0.35 |
ROIC/WACC0.76
WACC4.97%
2.3 Liquidity
- A Current Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
- The Current ratio of QRF (0.07) is worse than 95.24% of its industry peers.
- A Quick Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
- QRF has a Quick ratio of 0.07. This is amonst the worse of the industry: QRF underperforms 95.24% 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%.
- The Earnings Per Share has been growing by 63.13% on average over the past years. This is a very strong growth
- QRF shows a decrease in Revenue. In the last year, the revenue decreased by -9.76%.
- Measured over the past years, QRF shows a decrease in Revenue. The Revenue has been decreasing by -3.85% on average per year.
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
- Based on estimates for the next years, QRF will show a decrease in Earnings Per Share. The EPS will decrease by -5.11% on average per year.
- 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.
- 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
- With a Price/Earnings ratio of 26.71, QRF can be considered very expensive at the moment.
- 64.29% of the companies in the same industry are cheaper than QRF, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of QRF to the average of the S&P500 Index (27.21), we can say QRF is valued inline with the index average.
- With a Price/Forward Earnings ratio of 12.05, QRF is valued correctly.
- QRF's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. QRF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.71 | ||
| Fwd PE | 12.05 |
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 69.05% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of QRF indicates a somewhat cheap valuation: QRF is cheaper than 61.90% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.25 | ||
| EV/EBITDA | 23.11 |
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
- With a Yearly Dividend Yield of 5.37%, QRF is a good candidate for dividend investing.
- QRF's Dividend Yield is comparable with the industry average which is at 5.41.
- QRF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| 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 3 / 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%.