QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
9.98 EUR
+0.08 (+0.81%)
We assign a fundamental rating of 4 out of 10 to QRF. QRF was compared to 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 is valued correctly, but it does not seem to be growing.
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.
QRF has a Return On Equity of 2.70%. This is comparable to the rest of the industry: QRF outperforms 40.48% 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 64.29% 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 3.53%.
| 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.
In the last couple of years the Profit Margin of QRF has grown nicely.
Looking at the Operating Margin, with a value of 76.78%, QRF is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
QRF's Operating Margin has improved in the last couple of years.
QRF has a better Gross Margin (78.32%) than 64.29% 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
QRF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for QRF remains at a similar level compared to 1 year ago.
The number of shares outstanding for QRF has been increased compared to 5 years ago.
The debt/assets ratio for QRF has been reduced compared to a year ago.
2.2 Solvency
QRF has an Altman-Z score of 0.30. This is a bad value and indicates that QRF is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.30, QRF is doing worse than 88.10% of the companies in the same industry.
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's Debt to FCF ratio of 9.98 is fine compared to the rest of the industry. QRF outperforms 76.19% 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.
The Debt to Equity ratio of QRF (0.51) is better than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.98 | ||
| Altman-Z | 0.3 |
ROIC/WACC0.79
WACC4.77%
2.3 Liquidity
A Current Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.07, QRF is doing worse than 92.86% of the companies in the same industry.
A Quick Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
With a Quick ratio value of 0.07, QRF is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
The earnings per share for QRF have decreased strongly by -70.94% in the last year.
QRF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.13% yearly.
Looking at the last year, QRF shows a decrease in Revenue. The Revenue has decreased by -9.76% in the last year.
The Revenue has been decreasing by -3.85% on average over the past years.
EPS 1Y (TTM)-70.94%
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.
The Revenue is expected to grow by 11.28% 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 2Y13.64%
Revenue Next 3Y11.28%
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.
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
QRF is valuated rather expensively with a Price/Earnings ratio of 24.34.
QRF's Price/Earnings is on the same level as the industry average.
QRF is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.98 indicates a reasonable valuation of QRF.
QRF's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, QRF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.34 | ||
| Fwd PE | 10.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit more expensive than 66.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, QRF is valued a bit cheaper than the industry average as 69.05% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.25 | ||
| EV/EBITDA | 22.02 |
4.3 Compensation for Growth
The decent profitability rating of QRF may justify a higher PE ratio.
A cheap valuation may be justified as QRF's earnings are expected to decrease with -5.11% in the coming years.
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 4.47%, QRF is a good candidate for dividend investing.
QRF's Dividend Yield is slightly below the industry average, which is at 5.80.
Compared to an average S&P500 Dividend Yield of 2.32, QRF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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
201.17% of the earnings are spent on dividend by QRF. 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 (12/1/2025, 5:27:09 PM)
9.98
+0.08 (+0.81%)
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 Cap103.79M
Revenue(TTM)12.03M
Net Income(TTM)3.26M
Analysts76.67
Price Target11.37 (13.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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)-3.04%
PT rev (3m)-10.8%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.3%
EPS NY rev (3m)-7.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)7.32%
Revenue NY rev (3m)3.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.34 | ||
| Fwd PE | 10.98 | ||
| P/S | 8.63 | ||
| P/FCF | 10.25 | ||
| P/OCF | 10.04 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 22.02 |
EPS(TTM)0.41
EY4.11%
EPS(NY)0.91
Fwd EY9.11%
FCF(TTM)0.97
FCFY9.76%
OCF(TTM)0.99
OCFY9.96%
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 | 0.3 |
F-Score4
WACC4.77%
ROIC/WACC0.79
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)-70.94%
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 2Y13.64%
Revenue Next 3Y11.28%
Revenue Next 5YN/A
EBIT growth 1Y-39.83%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year-2.1%
EBIT Next 3Y3.21%
EBIT Next 5YN/A
FCF growth 1Y-17.52%
FCF growth 3Y3.11%
FCF growth 5Y1.23%
OCF growth 1Y-15.8%
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 4 / 10 to QRF.BR.
Can you provide the valuation status for QRF COMM VA?
ChartMill assigns a valuation rating of 4 / 10 to QRF COMM VA (QRF.BR). This can be considered as Fairly Valued.
How profitable is QRF COMM VA (QRF.BR) stock?
QRF COMM VA (QRF.BR) has a profitability rating of 6 / 10.
Can you provide the financial health for QRF stock?
The financial health rating of QRF COMM VA (QRF.BR) is 2 / 10.
Can you provide the expected EPS growth for QRF stock?
The Earnings per Share (EPS) of QRF COMM VA (QRF.BR) is expected to decline by -24.01% in the next year.