QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
10.15 EUR
-0.3 (-2.87%)
We assign a fundamental rating of 3 out of 10 to QRF. QRF was compared to 40 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 has a expensive valuation and it also scores bad on growth.
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.
In the past 5 years QRF always reported a positive cash flow from operatings.
1.2 Ratios
QRF has a Return On Assets of 1.43%. This is comparable to the rest of the industry: QRF outperforms 42.50% of its industry peers.
QRF has a Return On Equity of 2.69%. This is in the lower half of the industry: QRF underperforms 62.50% of its industry peers.
With a decent Return On Invested Capital value of 3.78%, QRF is doing good in the industry, outperforming 62.50% of the companies in the same industry.
QRF had an Average Return On Invested Capital over the past 3 years of 4.29%. This is in line with the industry average of 3.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 2.69% | ||
| ROIC | 3.78% |
ROA(3y)2.87%
ROA(5y)1.47%
ROE(3y)5.62%
ROE(5y)2.87%
ROIC(3y)4.29%
ROIC(5y)3.87%
1.3 Margins
QRF has a Profit Margin (27.09%) which is in line with its industry peers.
In the last couple of years the Profit Margin of QRF has grown nicely.
With a decent Operating Margin value of 76.75%, QRF is doing good in the industry, outperforming 65.00% of the companies in the same industry.
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 62.50% 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 | 76.75% | ||
| PM (TTM) | 27.09% | ||
| GM | 78.32% |
OM growth 3Y14.44%
OM growth 5Y8.63%
PM growth 3Y63.78%
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.
Compared to 1 year ago, QRF has about the same amount of shares outstanding.
The number of shares outstanding for QRF has been increased compared to 5 years ago.
QRF has a better debt/assets ratio than last year.
2.2 Solvency
QRF has an Altman-Z score of 0.32. This is a bad value and indicates that QRF is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of QRF (0.32) is worse than 87.50% of its industry peers.
The Debt to FCF ratio of QRF is 9.96, which is on the high side as it means it would take QRF, 9.96 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of QRF (9.96) is better than 75.00% of its industry peers.
A Debt/Equity ratio of 0.50 indicates that QRF is somewhat dependend on debt financing.
QRF has a better Debt to Equity ratio (0.50) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 9.96 | ||
| Altman-Z | 0.32 |
ROIC/WACC0.78
WACC4.84%
2.3 Liquidity
A Current Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
With a Current ratio value of 0.07, QRF is not doing good in the industry: 95.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
The Quick ratio of QRF (0.07) is worse than 95.00% 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 -70.29%.
The Earnings Per Share has been growing by 62.94% on average over the past years. This is a very strong growth
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)-70.29%
EPS 3Y62.94%
EPS 5YN/A
EPS Q2Q%-68.12%
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.
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 rather expensively with a Price/Earnings ratio of 24.76.
Compared to the rest of the industry, the Price/Earnings ratio of QRF indicates a slightly more expensive valuation: QRF is more expensive than 65.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of QRF to the average of the S&P500 Index (26.77), we can say QRF is valued inline with the index average.
With a Price/Forward Earnings ratio of 11.17, the valuation of QRF can be described as very reasonable.
QRF's Price/Forward Earnings ratio is in line with the industry average.
QRF is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.76 | ||
| Fwd PE | 11.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit more expensive than the industry average as 70.00% of the companies are valued more cheaply.
QRF's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.41 | ||
| EV/EBITDA | 22.55 |
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 5.76%, which is a nice return.
QRF's Dividend Yield is comparable with the industry average which is at 5.16.
Compared to an average S&P500 Dividend Yield of 2.00, QRF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
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 200.92% 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.
DP200.92%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
EBR:QRF (12/31/2025, 1:49:42 PM)
10.15
-0.3 (-2.87%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners6.09%
Inst Owner ChangeN/A
Ins Owners4.66%
Ins Owner ChangeN/A
Market Cap105.56M
Revenue(TTM)12.03M
Net Income(TTM)3.26M
Analysts76.67
Price Target11.37 (12.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
Yearly Dividend0.78
Dividend Growth(5Y)2.11%
DP200.92%
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 | 24.76 | ||
| Fwd PE | 11.17 | ||
| P/S | 8.77 | ||
| P/FCF | 10.41 | ||
| P/OCF | 10.2 | ||
| P/B | 0.87 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 22.55 |
EPS(TTM)0.41
EY4.04%
EPS(NY)0.91
Fwd EY8.96%
FCF(TTM)0.98
FCFY9.61%
OCF(TTM)1
OCFY9.8%
SpS1.16
BVpS11.63
TBVpS11.63
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 2.69% | ||
| ROCE | 5.05% | ||
| ROIC | 3.78% | ||
| ROICexc | 3.8% | ||
| ROICexgc | 3.8% | ||
| OM | 76.75% | ||
| PM (TTM) | 27.09% | ||
| GM | 78.32% | ||
| FCFM | 84.28% |
ROA(3y)2.87%
ROA(5y)1.47%
ROE(3y)5.62%
ROE(5y)2.87%
ROIC(3y)4.29%
ROIC(5y)3.87%
ROICexc(3y)4.32%
ROICexc(5y)3.91%
ROICexgc(3y)4.32%
ROICexgc(5y)3.91%
ROCE(3y)5.72%
ROCE(5y)5.16%
ROICexgc growth 3Y16.8%
ROICexgc growth 5Y7.31%
ROICexc growth 3Y16.81%
ROICexc growth 5Y7.31%
OM growth 3Y14.44%
OM growth 5Y8.63%
PM growth 3Y63.78%
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 | 0.5 | ||
| Debt/FCF | 9.96 | ||
| Debt/EBITDA | 6.58 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.47 | ||
| Cash Conversion | 111.6% | ||
| Profit Quality | 311.04% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.32 |
F-Score4
WACC4.84%
ROIC/WACC0.78
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)-70.29%
EPS 3Y62.94%
EPS 5YN/A
EPS Q2Q%-68.12%
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-38.04%
EBIT growth 3Y17.26%
EBIT growth 5Y4.45%
EBIT Next Year6.45%
EBIT Next 3Y13.74%
EBIT Next 5YN/A
FCF growth 1Y-17.44%
FCF growth 3Y3.14%
FCF growth 5Y1.25%
OCF growth 1Y-15.76%
OCF growth 3Y4.19%
OCF growth 5Y2.06%
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.
Can you provide the valuation status for QRF COMM VA?
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.
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.