RETAIL ESTATES (RET.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:RET - BE0003720340 - REIT
63.6 EUR
+0.6 (+0.95%)
We assign a fundamental rating of 5 out of 10 to RET. RET was compared to 41 industry peers in the Diversified REITs industry. RET scores excellent on profitability, but there are concerns on its financial health. RET has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
RET had positive earnings in the past year.
RET had a positive operating cash flow in the past year.
In the past 5 years RET has always been profitable.
RET had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
RET has a Return On Assets of 4.94%. This is amongst the best in the industry. RET outperforms 85.37% of its industry peers.
The Return On Equity of RET (8.74%) is better than 85.37% of its industry peers.
RET has a Return On Invested Capital of 4.16%. This is in the better half of the industry: RET outperforms 70.73% of its industry peers.
RET had an Average Return On Invested Capital over the past 3 years of 3.97%. This is in line with the industry average of 3.47%.
The 3 year average ROIC (3.97%) for RET is below the current ROIC(4.16%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 8.74% | ||
| ROIC | 4.16% |
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.97%
ROIC(5y)3.97%
1.3 Margins
RET has a Profit Margin of 67.13%. This is amongst the best in the industry. RET outperforms 80.49% of its industry peers.
In the last couple of years the Profit Margin of RET has grown nicely.
The Operating Margin of RET (73.30%) is better than 60.98% of its industry peers.
RET's Operating Margin has been stable in the last couple of years.
RET's Gross Margin of 78.89% is fine compared to the rest of the industry. RET outperforms 68.29% of its industry peers.
In the last couple of years the Gross Margin of RET has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 73.3% | ||
| PM (TTM) | 67.13% | ||
| GM | 78.89% |
OM growth 3Y-0.81%
OM growth 5Y-0.79%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-0.84%
GM growth 5Y-0.65%
2. Health
2.1 Basic Checks
RET 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 RET has been increased compared to 1 year ago.
Compared to 5 years ago, RET has more shares outstanding
The debt/assets ratio for RET has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.13, we must say that RET is in the distress zone and has some risk of bankruptcy.
RET's Altman-Z score of 1.13 is fine compared to the rest of the industry. RET outperforms 75.61% of its industry peers.
RET has a debt to FCF ratio of 9.44. This is a negative value and a sign of low solvency as RET would need 9.44 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.44, RET belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
RET has a Debt/Equity ratio of 0.71. This is a neutral value indicating RET is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.71, RET is in line with its industry, outperforming 48.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 9.44 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.86
WACC4.81%
2.3 Liquidity
RET has a Current Ratio of 0.43. This is a bad value and indicates that RET is not financially healthy enough and could expect problems in meeting its short term obligations.
RET has a Current ratio (0.43) which is comparable to the rest of the industry.
RET has a Quick Ratio of 0.43. This is a bad value and indicates that RET is not financially healthy enough and could expect problems in meeting its short term obligations.
RET has a Quick ratio of 0.43. This is comparable to the rest of the industry: RET outperforms 53.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
RET shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.21%.
The Earnings Per Share has been growing by 9.19% on average over the past years. This is quite good.
RET shows a small growth in Revenue. In the last year, the Revenue has grown by 3.12%.
The Revenue has been growing slightly by 5.78% on average over the past years.
EPS 1Y (TTM)-15.21%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%74.41%
Revenue 1Y (TTM)3.12%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%0.52%
3.2 Future
Based on estimates for the next years, RET will show a small growth in Earnings Per Share. The EPS will grow by 0.97% on average per year.
Based on estimates for the next years, RET will show a small growth in Revenue. The Revenue will grow by 3.12% on average per year.
EPS Next Y-0.45%
EPS Next 2Y0.84%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue Next Year1.99%
Revenue Next 2Y3.25%
Revenue Next 3Y3.12%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.72, the valuation of RET can be described as reasonable.
Based on the Price/Earnings ratio, RET is valued cheaply inside the industry as 90.24% of the companies are valued more expensively.
RET's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.59.
RET is valuated reasonably with a Price/Forward Earnings ratio of 10.07.
Based on the Price/Forward Earnings ratio, RET is valued a bit cheaper than the industry average as 73.17% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 24.03. RET is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.72 | ||
| Fwd PE | 10.07 |
4.2 Price Multiples
70.73% of the companies in the same industry are more expensive than RET, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RET indicates a somewhat cheap valuation: RET is cheaper than 68.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.14 | ||
| EV/EBITDA | 15.27 |
4.3 Compensation for Growth
The excellent profitability rating of RET may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.95
EPS Next 2Y0.84%
EPS Next 3Y0.97%
5. Dividend
5.1 Amount
RET has a Yearly Dividend Yield of 5.76%, which is a nice return.
Compared to an average industry Dividend Yield of 5.07, RET has a dividend in line with its industry peers.
RET's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
5.2 History
The dividend of RET is nicely growing with an annual growth rate of 18.46%!
Dividend Growth(5Y)18.46%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
67.37% of the earnings are spent on dividend by RET. This is not a sustainable payout ratio.
The dividend of RET is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP67.37%
EPS Next 2Y0.84%
EPS Next 3Y0.97%
EBR:RET (12/24/2025, 7:00:00 PM)
63.6
+0.6 (+0.95%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners18.98%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap955.91M
Revenue(TTM)158.94M
Net Income(TTM)106.70M
Analysts49.09
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
Yearly Dividend4.94
Dividend Growth(5Y)18.46%
DP67.37%
Div Incr Years2
Div Non Decr Years2
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)-1.18%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.97%
EPS NY rev (3m)-1.88%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.72 | ||
| Fwd PE | 10.07 | ||
| P/S | 6.01 | ||
| P/FCF | 10.14 | ||
| P/OCF | 10.01 | ||
| P/B | 0.78 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 15.27 |
EPS(TTM)7.29
EY11.46%
EPS(NY)6.32
Fwd EY9.93%
FCF(TTM)6.27
FCFY9.86%
OCF(TTM)6.35
OCFY9.99%
SpS10.58
BVpS81.24
TBVpS80.66
PEG (NY)N/A
PEG (5Y)0.95
Graham Number115.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 8.74% | ||
| ROCE | 5.65% | ||
| ROIC | 4.16% | ||
| ROICexc | 4.17% | ||
| ROICexgc | 4.18% | ||
| OM | 73.3% | ||
| PM (TTM) | 67.13% | ||
| GM | 78.89% | ||
| FCFM | 59.33% |
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.97%
ROIC(5y)3.97%
ROICexc(3y)3.98%
ROICexc(5y)3.98%
ROICexgc(3y)3.99%
ROICexgc(5y)4%
ROCE(3y)5.41%
ROCE(5y)5.47%
ROICexgc growth 3Y0.91%
ROICexgc growth 5Y-0.42%
ROICexc growth 3Y1.06%
ROICexc growth 5Y-0.49%
OM growth 3Y-0.81%
OM growth 5Y-0.79%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-0.84%
GM growth 5Y-0.65%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 9.44 | ||
| Debt/EBITDA | 7.36 | ||
| Cap/Depr | 73.46% | ||
| Cap/Sales | 0.73% | ||
| Interest Coverage | 6.08 | ||
| Cash Conversion | 80.83% | ||
| Profit Quality | 88.38% | ||
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 1.13 |
F-Score5
WACC4.81%
ROIC/WACC0.86
Cap/Depr(3y)262.29%
Cap/Depr(5y)286.92%
Cap/Sales(3y)1.85%
Cap/Sales(5y)1.76%
Profit Quality(3y)65.65%
Profit Quality(5y)71.25%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.21%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%74.41%
EPS Next Y-0.45%
EPS Next 2Y0.84%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue 1Y (TTM)3.12%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%0.52%
Revenue Next Year1.99%
Revenue Next 2Y3.25%
Revenue Next 3Y3.12%
Revenue Next 5YN/A
EBIT growth 1Y4.37%
EBIT growth 3Y6.69%
EBIT growth 5Y4.94%
EBIT Next Year5.53%
EBIT Next 3Y4.18%
EBIT Next 5YN/A
FCF growth 1Y31.29%
FCF growth 3Y6.57%
FCF growth 5Y14.32%
OCF growth 1Y25.83%
OCF growth 3Y5.55%
OCF growth 5Y12.31%
RETAIL ESTATES / RET.BR FAQ
What is the fundamental rating for RET stock?
ChartMill assigns a fundamental rating of 5 / 10 to RET.BR.
What is the valuation status for RET stock?
ChartMill assigns a valuation rating of 6 / 10 to RETAIL ESTATES (RET.BR). This can be considered as Fairly Valued.
What is the profitability of RET stock?
RETAIL ESTATES (RET.BR) has a profitability rating of 8 / 10.
What are the PE and PB ratios of RETAIL ESTATES (RET.BR) stock?
The Price/Earnings (PE) ratio for RETAIL ESTATES (RET.BR) is 8.72 and the Price/Book (PB) ratio is 0.78.
Can you provide the dividend sustainability for RET stock?
The dividend rating of RETAIL ESTATES (RET.BR) is 6 / 10 and the dividend payout ratio is 67.37%.