QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
10.95 EUR
0 (0%)
Taking everything into account, QRF scores 4 out of 10 in our fundamental rating. QRF was compared to 41 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 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.
- QRF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- QRF's Return On Assets of 1.43% is in line compared to the rest of the industry. QRF outperforms 43.90% of its industry peers.
- With a Return On Equity value of 2.70%, QRF is not doing good in the industry: 60.98% of the companies in the same industry are doing better.
- QRF's Return On Invested Capital of 3.79% is fine compared to the rest of the industry. QRF outperforms 63.41% of its industry peers.
- 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 3.37%.
| 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
- QRF has a Profit Margin (27.07%) which is in line with its industry peers.
- In the last couple of years the Profit Margin of QRF has grown nicely.
- QRF has a better Operating Margin (76.78%) than 65.85% of its industry peers.
- In the last couple of years the Operating Margin of QRF has grown nicely.
- QRF's Gross Margin of 78.32% is fine compared to the rest of the industry. QRF outperforms 68.29% of its industry peers.
- QRF's Gross Margin has been stable in the last couple of years.
| 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.
- QRF has about the same amout of shares outstanding than it did 1 year ago.
- QRF has more shares outstanding than it did 5 years ago.
- QRF has a better debt/assets ratio than last year.
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.
- QRF has a worse Altman-Z score (0.35) than 85.37% of its industry peers.
- QRF has a debt to FCF ratio of 9.98. This is a negative value and a sign of low solvency as QRF would need 9.98 years to pay back of all of its debts.
- The Debt to FCF ratio of QRF (9.98) is better than 78.05% of its industry peers.
- A Debt/Equity ratio of 0.51 indicates that QRF is somewhat dependend on debt financing.
- QRF's Debt to Equity ratio of 0.51 is amongst the best of the industry. QRF outperforms 82.93% 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.
- Looking at the Current ratio, with a value of 0.07, QRF is doing worse than 92.68% of the companies in the same industry.
- 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.
- With a Quick ratio value of 0.07, QRF is not doing good in the industry: 92.68% 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
- 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.
- QRF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.27% 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 2Y13.6%
Revenue Next 3Y11.27%
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
- Based on the Price/Earnings ratio of 26.71, the valuation of QRF can be described as expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of QRF indicates a slightly more expensive valuation: QRF is more expensive than 63.41% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.87, QRF is valued at the same level.
- With a Price/Forward Earnings ratio of 12.05, QRF is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of QRF is on the same level as its industry peers.
- QRF is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.96, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.71 | ||
| Fwd PE | 12.05 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit more expensive than the industry average as 68.29% of the companies are valued more cheaply.
- QRF's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. QRF is cheaper than 60.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.25 | ||
| EV/EBITDA | 23.11 |
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%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 5.37%, QRF is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.41, QRF has a dividend in line with its industry peers.
- QRF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
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.
- 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 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%.