QRF COMM VA (QRF.BR) Fundamental Analysis & Valuation

EBR:QRF • BE0974272040

11.3 EUR
+0.2 (+1.8%)
Last: Mar 11, 2026, 04:34 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This QRF.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

QRF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 43 industry peers in the Diversified REITs industry. There are concerns on the financial health of QRF while its profitability can be described as average. QRF is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. QRF.BR Profitability Analysis

1.1 Basic Checks

  • In the past year QRF was profitable.
  • 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.
  • Each year in the past 5 years QRF had a positive operating cash flow.
QRF.BR Yearly Net Income VS EBIT VS OCF VS FCFQRF.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M -20M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.43%, QRF is doing worse than 60.47% of the companies in the same industry.
  • The Return On Equity of QRF (2.70%) is worse than 62.79% of its industry peers.
  • With a decent Return On Invested Capital value of 3.79%, QRF is doing good in the industry, outperforming 62.79% 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%.
Industry RankSector 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%
QRF.BR Yearly ROA, ROE, ROICQRF.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 -15

1.3 Margins

  • QRF's Profit Margin of 27.07% is in line compared to the rest of the industry. QRF outperforms 44.19% of its industry peers.
  • 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 69.77% of its industry peers.
  • QRF's Operating Margin has improved in the last couple of years.
  • QRF has a better Gross Margin (78.32%) than 62.79% of its industry peers.
  • QRF's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
QRF.BR Yearly Profit, Operating, Gross MarginsQRF.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. QRF.BR Health Analysis

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.
  • Compared to 5 years ago, QRF has more shares outstanding
  • Compared to 1 year ago, QRF has an improved debt to assets ratio.
QRF.BR Yearly Shares OutstandingQRF.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M
QRF.BR Yearly Total Debt VS Total AssetsQRF.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.2 Solvency

  • QRF has an Altman-Z score of 0.36. This is a bad value and indicates that QRF is not financially healthy and even has some risk of bankruptcy.
  • QRF has a worse Altman-Z score (0.36) than 83.72% 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 81.40% 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 76.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 9.98
Altman-Z 0.36
ROIC/WACC0.76
WACC5.01%
QRF.BR Yearly LT Debt VS Equity VS FCFQRF.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.3 Liquidity

  • QRF has a Current Ratio of 0.07. This is a bad value and indicates that QRF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • QRF's Current ratio of 0.07 is on the low side compared to the rest of the industry. QRF is outperformed by 93.02% of its industry peers.
  • A Quick Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.07, QRF is doing worse than 93.02% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.07
Quick Ratio 0.07
QRF.BR Yearly Current Assets VS Current LiabilitesQRF.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. QRF.BR Growth Analysis

3.1 Past

  • The earnings per share for QRF have decreased strongly by -70.92% in the last year.
  • 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%.
  • The Revenue has been decreasing by -3.85% on average over the past years.
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.
  • QRF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.33% yearly.
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 2Y15.36%
Revenue Next 3Y12.33%
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.
QRF.BR Yearly Revenue VS EstimatesQRF.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5M 10M 15M
QRF.BR Yearly EPS VS EstimatesQRF.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2023 2024 2025 2026 2027 0.5 1 1.5

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Find the best growth stocksShow best growing peers

3

4. QRF.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • QRF is valuated quite expensively with a Price/Earnings ratio of 27.56.
  • Based on the Price/Earnings ratio, QRF is valued a bit more expensive than the industry average as 65.12% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 26.25, QRF is valued at the same level.
  • With a Price/Forward Earnings ratio of 12.43, QRF is valued correctly.
  • QRF's Price/Forward Earnings is on the same level as the industry average.
  • QRF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 27.56
Fwd PE 12.43
QRF.BR Price Earnings VS Forward Price EarningsQRF.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • QRF's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, QRF is valued a bit cheaper than the industry average as 69.77% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.6
EV/EBITDA 23.28
QRF.BR Per share dataQRF.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • 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%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. QRF.BR Dividend Analysis

5.1 Amount

  • QRF has a Yearly Dividend Yield of 5.27%, which is a nice return.
  • QRF's Dividend Yield is comparable with the industry average which is at 5.28.
  • Compared to an average S&P500 Dividend Yield of 1.82, QRF pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.27%

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
QRF.BR Yearly Dividends per shareQRF.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • QRF pays out 201.17% of its income as dividend. This is not a sustainable payout ratio.
  • QRF's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP201.17%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
QRF.BR Yearly Income VS Free CF VS DividendQRF.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M -20M
QRF.BR Dividend Payout.QRF.BR Dividend Payout, showing the Payout Ratio.QRF.BR Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

QRF.BR Fundamentals: All Metrics, Ratios and Statistics

QRF COMM VA

EBR:QRF (3/11/2026, 4:34:22 PM)

11.3

+0.2 (+1.8%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-26
Earnings (Next)04-23
Inst Owners6.09%
Inst Owner ChangeN/A
Ins Owners4.66%
Ins Owner ChangeN/A
Market Cap117.52M
Revenue(TTM)12.03M
Net Income(TTM)3.26M
Analysts76.67
Price Target11.37 (0.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.27%
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)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 RankSector Rank
PE 27.56
Fwd PE 12.43
P/S 9.77
P/FCF 11.6
P/OCF 11.36
P/B 0.97
P/tB 0.97
EV/EBITDA 23.28
EPS(TTM)0.41
EY3.63%
EPS(NY)0.91
Fwd EY8.04%
FCF(TTM)0.97
FCFY8.62%
OCF(TTM)0.99
OCFY8.8%
SpS1.16
BVpS11.59
TBVpS11.59
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.34
Profitability
Industry RankSector 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 RankSector 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 0.36
F-Score4
WACC5.01%
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 2Y15.36%
Revenue Next 3Y12.33%
Revenue Next 5YN/A
EBIT growth 1Y-39.85%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year6.45%
EBIT Next 3Y15.02%
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 4 / 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%.