QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
10.85 EUR
-0.1 (-0.91%)
QRF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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.
- 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 comparable to the rest of the industry.
- QRF has a Return On Equity of 2.70%. This is in the lower half of the industry: QRF underperforms 60.98% of its industry peers.
- QRF has a better Return On Invested Capital (3.79%) than 63.41% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for QRF 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
- Looking at the Profit Margin, with a value of 27.07%, QRF is in line with its industry, outperforming 43.90% of the companies in the same industry.
- QRF's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 76.78%, QRF is in the better half of the industry, outperforming 65.85% of the companies in the same industry.
- In the last couple of years the Operating Margin of QRF has grown nicely.
- QRF has a Gross Margin of 78.32%. This is in the better half 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
- 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
- Based on the Altman-Z score of 0.35, we must say that QRF is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.35, QRF is not doing good in the industry: 85.37% of the companies in the same industry are doing better.
- 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.
- QRF's Debt to FCF ratio of 9.98 is fine compared to the rest of the industry. QRF outperforms 78.05% of its industry peers.
- A Debt/Equity ratio of 0.51 indicates that QRF is somewhat dependend on debt financing.
- QRF has a Debt to Equity ratio of 0.51. This is amongst the best in 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
- 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 92.68% of its industry peers.
- 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: 92.68% 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
- 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
- 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)-70.92%
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.
- 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 quite expensively with a Price/Earnings ratio of 26.46.
- QRF's Price/Earnings ratio is a bit more expensive when compared to the industry. QRF is more expensive than 63.41% of the companies in the same industry.
- QRF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.82.
- A Price/Forward Earnings ratio of 11.94 indicates a reasonable valuation of QRF.
- The rest of the industry has a similar Price/Forward Earnings ratio as QRF.
- QRF is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.46 | ||
| Fwd PE | 11.94 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit more expensive than 68.29% of the companies in the same industry.
- 63.41% of the companies in the same industry are more expensive than QRF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.14 | ||
| EV/EBITDA | 23.11 |
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 5.37%, which is a nice return.
- QRF's Dividend Yield is comparable with the industry average which is at 5.41.
- 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
- 201.17% of the earnings are spent on dividend by QRF. 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%.