QRF COMM VA (QRF.BR) Stock Fundamental Analysis

EBR:QRF • BE0974272040

11.25 EUR
-0.05 (-0.44%)
Last: Feb 26, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, QRF scores 4 out of 10 in our fundamental rating. QRF was compared to 42 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 has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

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.
  • QRF had a positive operating cash flow in each of the past 5 years.
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

  • QRF's Return On Assets of 1.43% is in line compared to the rest of the industry. QRF outperforms 45.24% of its industry peers.
  • Looking at the Return On Equity, with a value of 2.70%, QRF is in line with its industry, outperforming 40.48% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.79%, QRF is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
  • QRF had an Average Return On Invested Capital over the past 3 years of 4.26%. This is in line with the industry average of 3.46%.
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

  • Looking at the Profit Margin, with a value of 27.07%, QRF is in line with its industry, outperforming 45.24% of the companies in the same industry.
  • In the last couple of years the Profit Margin of QRF has grown nicely.
  • QRF's Operating Margin of 76.78% is fine compared to the rest 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 better Gross Margin (78.32%) than 66.67% 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. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so QRF is destroying value.
  • Compared to 1 year ago, QRF has about the same amount of shares outstanding.
  • QRF has more shares outstanding than it did 5 years ago.
  • 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

  • Based on the Altman-Z score of 0.37, we must say that QRF is in the distress zone and has some risk of bankruptcy.
  • QRF has a worse Altman-Z score (0.37) than 83.33% 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.
  • 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 80.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 9.98
Altman-Z 0.37
ROIC/WACC0.75
WACC5.04%
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 has a Current ratio of 0.07. This is amonst the worse of the industry: QRF underperforms 92.86% of its industry peers.
  • QRF has a Quick 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 has a Quick ratio of 0.07. This is amonst the worse of the industry: QRF underperforms 92.86% of its industry peers.
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. 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%.
  • 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

  • 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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 27.44, QRF can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of QRF is on the same level as its industry peers.
  • QRF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.21.
  • QRF is valuated correctly with a Price/Forward Earnings ratio of 12.38.
  • The rest of the industry has a similar Price/Forward Earnings ratio as QRF.
  • When comparing the Price/Forward Earnings ratio of QRF to the average of the S&P500 Index (28.13), we can say QRF is valued rather cheaply.
Industry RankSector Rank
PE 27.44
Fwd PE 12.38
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

  • Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
  • 66.67% of the companies in the same industry are more expensive than QRF, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.55
EV/EBITDA 23.5
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

  • 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%

More info and screens

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.27%, QRF is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.29, QRF has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, 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 0.5 1

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%
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 COMM VA

EBR:QRF (2/26/2026, 7:00:00 PM)

11.25

-0.05 (-0.44%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-23
Earnings (Next)02-26
Inst Owners6.09%
Inst Owner ChangeN/A
Ins Owners4.66%
Ins Owner ChangeN/A
Market Cap117.00M
Revenue(TTM)12.03M
Net Income(TTM)3.26M
Analysts76.67
Price Target11.37 (1.07%)
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 27.44
Fwd PE 12.38
P/S 9.72
P/FCF 11.55
P/OCF 11.31
P/B 0.97
P/tB 0.97
EV/EBITDA 23.5
EPS(TTM)0.41
EY3.64%
EPS(NY)0.91
Fwd EY8.08%
FCF(TTM)0.97
FCFY8.66%
OCF(TTM)0.99
OCFY8.84%
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 0.37
F-Score4
WACC5.04%
ROIC/WACC0.75
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 4 / 10 to QRF.BR.


What is the valuation status of QRF COMM VA (QRF.BR) stock?

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.


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%.