QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
10.9 EUR
+0.05 (+0.46%)
QRF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 42 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
- QRF had positive earnings in the past year.
- QRF had a positive operating cash flow in the past year.
- 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 Return On Assets (1.43%) which is in line with its industry peers.
- The Return On Equity of QRF (2.70%) is worse than 61.90% of its industry peers.
- QRF's Return On Invested Capital of 3.79% is fine compared to the rest 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 3.45%.
| 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 42.86% of the companies in the same industry.
- In the last couple of years the Profit Margin of QRF has grown nicely.
- QRF has a better Operating Margin (76.78%) than 66.67% of its industry peers.
- QRF's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 78.32%, QRF is in the better half of the industry, outperforming 69.05% 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 | 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so QRF is destroying value.
- The number of shares outstanding for QRF remains at a similar level compared to 1 year ago.
- 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
- QRF has an Altman-Z score of 0.35. 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 0.35, QRF is not doing good in the industry: 88.10% of the companies in the same industry are doing better.
- 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.
- QRF has a Debt/Equity ratio of 0.51. This is a neutral value indicating QRF is somewhat dependend on debt financing.
- QRF has a better Debt to Equity ratio (0.51) than 78.57% of its industry peers.
| 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.
- QRF has a worse Current ratio (0.07) 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's Quick ratio of 0.07 is on the low side compared to the rest of the industry. QRF is outperformed by 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%.
- QRF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.13% yearly.
- The Revenue has decreased by -9.76% in the past year.
- 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.
- The Revenue is expected to grow by 11.27% on average over the next years. This is quite good.
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
- Based on the Price/Earnings ratio of 26.59, the valuation of QRF can be described as expensive.
- 64.29% of the companies in the same industry are cheaper than QRF, based on the Price/Earnings ratio.
- QRF is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 11.99, the valuation of QRF can be described as reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of QRF is on the same level as its industry peers.
- QRF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.59 | ||
| Fwd PE | 11.99 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit more expensive than 69.05% of the companies in the same industry.
- 61.90% of the companies in the same industry are more expensive than QRF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.19 | ||
| EV/EBITDA | 23.05 |
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 5.50%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.42, QRF has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.84, QRF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
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%
EBR:QRF (1/19/2026, 7:00:00 PM)
10.9
+0.05 (+0.46%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-23 2025-10-23
Earnings (Next)02-26 2026-02-26
Inst Owners6.09%
Inst Owner ChangeN/A
Ins Owners4.66%
Ins Owner ChangeN/A
Market Cap113.36M
Revenue(TTM)12.03M
Net Income(TTM)3.26M
Analysts76.67
Price Target11.37 (4.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
Yearly Dividend0.79
Dividend Growth(5Y)2.11%
DP201.17%
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)-3.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.59 | ||
| Fwd PE | 11.99 | ||
| P/S | 9.42 | ||
| P/FCF | 11.19 | ||
| P/OCF | 10.96 | ||
| P/B | 0.94 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 23.05 |
EPS(TTM)0.41
EY3.76%
EPS(NY)0.91
Fwd EY8.34%
FCF(TTM)0.97
FCFY8.93%
OCF(TTM)0.99
OCFY9.12%
SpS1.16
BVpS11.59
TBVpS11.59
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 2.7% | ||
| ROCE | 5.05% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.8% | ||
| ROICexgc | 3.8% | ||
| OM | 76.78% | ||
| PM (TTM) | 27.07% | ||
| GM | 78.32% | ||
| FCFM | 84.17% |
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%
ROICexgc growth 3Y16.23%
ROICexgc 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-0.74%
GM growth 5Y0.21%
F-Score4
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.98 | ||
| Debt/EBITDA | 6.58 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.48 | ||
| Cash Conversion | 111.5% | ||
| Profit Quality | 310.93% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.35 |
F-Score4
WACC4.97%
ROIC/WACC0.76
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)-70.92%
EPS 3Y63.13%
EPS 5YN/A
EPS Q2Q%-68.48%
EPS Next Y-24.01%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%-5.93%
Revenue Next Year3.94%
Revenue Next 2Y13.6%
Revenue Next 3Y11.27%
Revenue Next 5YN/A
EBIT growth 1Y-39.85%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year6.45%
EBIT Next 3Y13.74%
EBIT Next 5YN/A
FCF growth 1Y-17.55%
FCF growth 3Y3.11%
FCF growth 5Y1.23%
OCF growth 1Y-15.83%
OCF growth 3Y4.18%
OCF growth 5Y2.05%
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%.