RETAIL ESTATES (RET.BR) Stock Fundamental Analysis
Europe - EBR:RET - BE0003720340 - REIT
63.9 EUR
+0.5 (+0.79%)
Overall RET gets a fundamental rating of 5 out of 10. We evaluated RET against 40 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year RET was profitable.
In the past year RET had a positive cash flow from operations.
Each year in the past 5 years RET has been profitable.
Each year in the past 5 years RET had a positive operating cash flow.
1.2 Ratios
The Return On Assets of RET (4.94%) is better than 85.00% of its industry peers.
RET has a Return On Equity of 8.74%. This is amongst the best in the industry. RET outperforms 87.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.16%, RET is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for RET is in line with the industry average of 3.49%.
The last Return On Invested Capital (4.16%) for RET is above the 3 year average (3.97%), which is a sign of increasing profitability.
| 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's Profit Margin of 67.13% is fine compared to the rest of the industry. RET outperforms 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 of 73.30%. This is in the better half of the industry: RET outperforms 62.50% of its industry peers.
In the last couple of years the Operating Margin of RET has remained more or less at the same level.
RET has a Gross Margin of 78.89%. This is in the better half of the industry: RET outperforms 67.50% 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
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.
The number of shares outstanding for RET has been increased compared to 5 years ago.
Compared to 1 year ago, RET has an improved debt to assets ratio.
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 72.50% 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's Debt to FCF ratio of 9.44 is amongst the best of 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 has a Debt to Equity ratio (0.71) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 9.44 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.86
WACC4.83%
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.
Looking at the Current ratio, with a value of 0.43, RET is in line with its industry, outperforming 45.00% 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.
RET's Quick ratio of 0.43 is in line compared to the rest of the industry. RET outperforms 50.00% 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%.
Measured over the past years, RET shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.19% on average per year.
RET shows a small growth in Revenue. In the last year, the Revenue has grown by 3.12%.
RET shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.78% yearly.
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
RET is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.31% yearly.
Based on estimates for the next years, RET will show a small growth in Revenue. The Revenue will grow by 1.91% on average per year.
EPS Next Y1.46%
EPS Next 2Y3.23%
EPS Next 3Y1.31%
EPS Next 5YN/A
Revenue Next Year2.54%
Revenue Next 2Y3.44%
Revenue Next 3Y1.91%
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
A Price/Earnings ratio of 8.77 indicates a reasonable valuation of RET.
Compared to the rest of the industry, the Price/Earnings ratio of RET indicates a rather cheap valuation: RET is cheaper than 87.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.42, RET is valued rather cheaply.
The Price/Forward Earnings ratio is 9.92, which indicates a very decent valuation of RET.
72.50% of the companies in the same industry are more expensive than RET, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.94. RET is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.77 | ||
| Fwd PE | 9.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RET indicates a somewhat cheap valuation: RET is cheaper than 67.50% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RET indicates a somewhat cheap valuation: RET is cheaper than 67.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.19 | ||
| EV/EBITDA | 15.25 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates RET does not grow enough to justify the current Price/Earnings ratio.
RET has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.99
PEG (5Y)0.95
EPS Next 2Y3.23%
EPS Next 3Y1.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.60%, RET is a good candidate for dividend investing.
RET's Dividend Yield is comparable with the industry average which is at 5.84.
Compared to an average S&P500 Dividend Yield of 2.36, RET pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.6% |
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 2Y3.23%
EPS Next 3Y1.31%
EBR:RET (10/20/2025, 4:32:07 PM)
63.9
+0.5 (+0.79%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners18.41%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap960.42M
Analysts49.09
Price Target68.14 (6.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.6% |
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)-1.47%
PT rev (3m)-1.47%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.77 | ||
| Fwd PE | 9.92 | ||
| P/S | 6.04 | ||
| P/FCF | 10.19 | ||
| P/OCF | 10.06 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 15.25 |
EPS(TTM)7.29
EY11.41%
EPS(NY)6.44
Fwd EY10.08%
FCF(TTM)6.27
FCFY9.82%
OCF(TTM)6.35
OCFY9.94%
SpS10.58
BVpS81.24
TBVpS80.66
PEG (NY)5.99
PEG (5Y)0.95
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%
ROICexcg growth 3Y0.91%
ROICexcg 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
WACC4.83%
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 Y1.46%
EPS Next 2Y3.23%
EPS Next 3Y1.31%
EPS Next 5YN/A
Revenue 1Y (TTM)3.12%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%0.52%
Revenue Next Year2.54%
Revenue Next 2Y3.44%
Revenue Next 3Y1.91%
Revenue Next 5YN/A
EBIT growth 1Y4.37%
EBIT growth 3Y6.69%
EBIT growth 5Y4.94%
EBIT Next Year8.31%
EBIT Next 3Y5.16%
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%