QRF COMM VA (QRF.BR) Stock Fundamental Analysis
EBR:QRF - Euronext Brussels - BE0974272040 - REIT - Currency: EUR
Taking everything into account, QRF scores 6 out of 10 in our fundamental rating. QRF was compared to 40 industry peers in the Diversified REITs industry. QRF has an excellent profitability rating, but there are concerns on its financial health. QRF may be a bit undervalued, certainly considering the very reasonable score on growth Finally QRF also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
QRF had positive earnings in the past year.
QRF had a positive operating cash flow in the past year.
In multiple years QRF reported negative net income over the last 5 years.
QRF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 9.88%, QRF belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
QRF has a Return On Equity of 17.91%. This is amongst the best in the industry. QRF outperforms 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 9.61%, QRF belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for QRF is in line with the industry average of 3.63%.
The 3 year average ROIC (4.26%) for QRF is below the current ROIC(9.61%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.88% | ||
| ROE | 17.91% | ||
| ROIC | 9.61% |
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 117.82%, QRF belongs to the top of the industry, outperforming 97.50% of the companies in the same industry.
QRF's Profit Margin has improved in the last couple of years.
QRF has a better Operating Margin (128.96%) than 100.00% of its industry peers.
QRF's Operating Margin has improved in the last couple of years.
QRF has a better Gross Margin (88.06%) than 75.00% of its industry peers.
QRF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 128.96% | ||
| PM (TTM) | 117.82% | ||
| GM | 88.06% |
OM growth 3Y13.86%
OM growth 5Y8.3%
PM growth 3Y63.42%
PM growth 5YN/A
GM growth 3Y-1.92%
GM growth 5Y-0.5%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so QRF is creating value.
QRF has about the same amout of shares outstanding than it did 1 year ago.
QRF has more shares outstanding than it did 5 years ago.
QRF has a better debt/assets ratio than last year.
2.2 Solvency
QRF has an Altman-Z score of 0.50. This is a bad value and indicates that QRF is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.50, QRF is not doing good in the industry: 82.50% of the companies in the same industry are doing better.
QRF has a debt to FCF ratio of 9.79. This is a negative value and a sign of low solvency as QRF would need 9.79 years to pay back of all of its debts.
The Debt to FCF ratio of QRF (9.79) is better than 72.50% of its industry peers.
QRF has a Debt/Equity ratio of 0.52. This is a neutral value indicating QRF is somewhat dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.52, QRF belongs to the best of the industry, outperforming 82.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.79 | ||
| Altman-Z | 0.5 |
ROIC/WACC2.2
WACC4.38%
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 92.50% 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 92.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 979.06% over the past year.
QRF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 64.17% yearly.
QRF shows a strong growth in Revenue. In the last year, the Revenue has grown by 32.61%.
QRF shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.85% yearly.
EPS 1Y (TTM)979.06%
EPS 3Y64.17%
EPS 5YN/A
EPS Q2Q%140020%
Revenue 1Y (TTM)32.61%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%78.3%
3.2 Future
The Earnings Per Share is expected to grow by 9.58% on average over the next years. This is quite good.
QRF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.35% yearly.
EPS Next Y3.95%
EPS Next 2Y3.24%
EPS Next 3Y9.58%
EPS Next 5YN/A
Revenue Next Year0.83%
Revenue Next 2Y1.64%
Revenue Next 3Y3.35%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
QRF is valuated cheaply with a Price/Earnings ratio of 3.61.
Based on the Price/Earnings ratio, QRF is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.15, QRF is valued rather cheaply.
QRF is valuated reasonably with a Price/Forward Earnings ratio of 8.56.
Compared to the rest of the industry, the Price/Forward Earnings ratio of QRF indicates a rather cheap valuation: QRF is cheaper than 85.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.60. QRF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.61 | ||
| Fwd PE | 8.56 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRF is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, QRF is valued cheaper than 82.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.35 | ||
| EV/EBITDA | 7.16 |
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.
QRF has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.91
PEG (5Y)N/A
EPS Next 2Y3.24%
EPS Next 3Y9.58%
5. Dividend
5.1 Amount
QRF has a Yearly Dividend Yield of 5.65%, which is a nice return.
QRF's Dividend Yield is comparable with the industry average which is at 5.53.
Compared to an average S&P500 Dividend Yield of 2.42, QRF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.65% |
5.2 History
The dividend of QRF has a limited annual growth rate of 2.50%.
Dividend Growth(5Y)2.5%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
28.20% of the earnings are spent on dividend by QRF. This is a low number and sustainable payout ratio.
QRF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.2%
EPS Next 2Y3.24%
EPS Next 3Y9.58%
EBR:QRF (6/30/2025, 7:00:00 PM)
10.25
-0.1 (-0.97%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners8.13%
Inst Owner ChangeN/A
Ins Owners6.21%
Ins Owner ChangeN/A
Market Cap79.95M
Analysts80
Price Target12.75 (24.39%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.65% |
Yearly Dividend0.8
Dividend Growth(5Y)2.5%
DP28.2%
Div Incr Years1
Div Non Decr Years6
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)-0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.61 | ||
| Fwd PE | 8.56 | ||
| P/S | 4.26 | ||
| P/FCF | 8.35 | ||
| P/OCF | 8.02 | ||
| P/B | 0.65 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 7.16 |
EPS(TTM)2.84
EY27.71%
EPS(NY)1.2
Fwd EY11.68%
FCF(TTM)1.23
FCFY11.97%
OCF(TTM)1.28
OCFY12.47%
SpS2.41
BVpS15.84
TBVpS15.84
PEG (NY)0.91
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.88% | ||
| ROE | 17.91% | ||
| ROCE | 12.82% | ||
| ROIC | 9.61% | ||
| ROICexc | 9.64% | ||
| ROICexgc | 9.64% | ||
| OM | 128.96% | ||
| PM (TTM) | 117.82% | ||
| GM | 88.06% | ||
| FCFM | 50.96% |
ROA(3y)2.86%
ROA(5y)1.47%
ROE(3y)5.61%
ROE(5y)2.86%
ROIC(3y)4.26%
ROIC(5y)3.85%
ROICexc(3y)4.29%
ROICexc(5y)3.89%
ROICexgc(3y)4.29%
ROICexgc(5y)3.89%
ROCE(3y)5.68%
ROCE(5y)5.14%
ROICexcg growth 3Y16.23%
ROICexcg growth 5Y6.99%
ROICexc growth 3Y16.24%
ROICexc growth 5Y6.99%
OM growth 3Y13.86%
OM growth 5Y8.3%
PM growth 3Y63.42%
PM growth 5YN/A
GM growth 3Y-1.92%
GM growth 5Y-0.5%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.79 | ||
| Debt/EBITDA | 2.64 | ||
| Cap/Depr | 1064.86% | ||
| Cap/Sales | 2.1% | ||
| Interest Coverage | 8.54 | ||
| Cash Conversion | 41.08% | ||
| Profit Quality | 43.25% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.5 |
F-Score5
WACC4.38%
ROIC/WACC2.2
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)979.06%
EPS 3Y64.17%
EPS 5YN/A
EPS Q2Q%140020%
EPS Next Y3.95%
EPS Next 2Y3.24%
EPS Next 3Y9.58%
EPS Next 5YN/A
Revenue 1Y (TTM)32.61%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%78.3%
Revenue Next Year0.83%
Revenue Next 2Y1.64%
Revenue Next 3Y3.35%
Revenue Next 5YN/A
EBIT growth 1Y110.11%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year2.9%
EBIT Next 3Y4.75%
EBIT Next 5YN/A
FCF growth 1Y-13.19%
FCF growth 3Y3.11%
FCF growth 5Y1.23%
OCF growth 1Y-9.61%
OCF growth 3Y4.18%
OCF growth 5Y2.05%