RETAIL ESTATES (RET.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:RET - BE0003720340 - REIT
63.8 EUR
+0.3 (+0.47%)
RET gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. While RET belongs to the best of the industry regarding profitability, 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.
In the past year RET had a positive cash flow from operations.
RET had positive earnings in each of the past 5 years.
RET had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 4.94%, RET belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
RET has a better Return On Equity (8.74%) than 85.00% of its industry peers.
RET's Return On Invested Capital of 4.16% is fine compared to the rest of the industry. RET outperforms 70.00% 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 3.53%.
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 better Profit Margin (67.13%) than 80.00% of its industry peers.
In the last couple of years the Profit Margin of RET has grown nicely.
RET has a Operating Margin (73.30%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of RET has remained more or less at the same level.
Looking at the Gross Margin, with a value of 78.89%, RET is in the better half of the industry, outperforming 67.50% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so RET is destroying value.
RET has more shares outstanding than it did 1 year ago.
RET has more shares outstanding than it did 5 years ago.
RET has a better debt/assets ratio than last year.
2.2 Solvency
RET has an Altman-Z score of 1.14. This is a bad value and indicates that RET is not financially healthy and even has some risk of bankruptcy.
RET has a Altman-Z score of 1.14. This is in the better half of the industry: RET outperforms 75.00% of its industry peers.
The Debt to FCF ratio of RET is 9.44, which is on the high side as it means it would take RET, 9.44 years of fcf income to pay off all of its debts.
RET has a Debt to FCF ratio of 9.44. This is amongst the best in the industry. RET outperforms 82.50% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that RET is somewhat dependend on debt financing.
RET's Debt to Equity ratio of 0.71 is in line compared to the rest of the industry. RET outperforms 45.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 9.44 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.86
WACC4.81%
2.3 Liquidity
A Current Ratio of 0.43 indicates that RET may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.43, RET is in line with its industry, outperforming 47.50% of the companies in the same industry.
A Quick Ratio of 0.43 indicates that RET may have some problems paying its short term obligations.
The Quick ratio of RET (0.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
The earnings per share for RET have decreased strongly by -15.21% in the last year.
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.
The Revenue is expected to grow by 3.12% on average over the next years.
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
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
RET is valuated reasonably with a Price/Earnings ratio of 8.75.
90.00% of the companies in the same industry are more expensive than RET, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.51. RET is valued rather cheaply when compared to this.
RET is valuated reasonably with a Price/Forward Earnings ratio of 10.10.
Based on the Price/Forward Earnings ratio, RET is valued a bit cheaper than the industry average as 72.50% of the companies are valued more expensively.
RET's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.75 | ||
| Fwd PE | 10.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RET is valued a bit cheaper than 70.00% of the companies in the same industry.
67.50% of the companies in the same industry are more expensive than RET, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.17 | ||
| EV/EBITDA | 15.3 |
4.3 Compensation for Growth
RET has a very decent profitability rating, which 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 5.72%, which is a nice return.
Compared to an average industry Dividend Yield of 5.16, RET has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, RET pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
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
RET pays out 67.37% of its income as dividend. 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 (12/31/2025, 7:00:00 PM)
63.8
+0.3 (+0.47%)
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 Cap958.91M
Revenue(TTM)158.94M
Net Income(TTM)106.70M
Analysts49.09
Price Target68.34 (7.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
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 | 8.75 | ||
| Fwd PE | 10.1 | ||
| P/S | 6.03 | ||
| P/FCF | 10.17 | ||
| P/OCF | 10.05 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 15.3 |
EPS(TTM)7.29
EY11.43%
EPS(NY)6.32
Fwd EY9.9%
FCF(TTM)6.27
FCFY9.83%
OCF(TTM)6.35
OCFY9.95%
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 | 1.14 |
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 Year1.14%
EBIT Next 3Y3.22%
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 of RETAIL ESTATES (RET.BR) stock?
ChartMill assigns a valuation rating of 6 / 10 to RETAIL ESTATES (RET.BR). This can be considered as Fairly Valued.
Can you provide the profitability details for RETAIL ESTATES?
RETAIL ESTATES (RET.BR) has a profitability rating of 7 / 10.
What is the valuation of RETAIL ESTATES based on its PE and PB ratios?
The Price/Earnings (PE) ratio for RETAIL ESTATES (RET.BR) is 8.75 and the Price/Book (PB) ratio is 0.79.
How sustainable is the dividend of RETAIL ESTATES (RET.BR) stock?
The dividend rating of RETAIL ESTATES (RET.BR) is 6 / 10 and the dividend payout ratio is 67.37%.