RETAIL ESTATES (RET.BR) Stock Fundamental Analysis
EBR:RET - Euronext Brussels - BE0003720340 - REIT - Currency: EUR
RET gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of RET while its profitability can be described as average. 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
RET had positive earnings in the past year.
In the past 5 years RET has always been profitable.
RET had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of RET (4.94%) is better than 85.00% of its industry peers.
Looking at the Return On Equity, with a value of 8.74%, RET is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
The Return On Invested Capital of RET (4.22%) is better than 75.00% of its industry peers.
RET had an Average Return On Invested Capital over the past 3 years of 3.99%. This is in line with the industry average of 3.63%.
The 3 year average ROIC (3.99%) for RET is below the current ROIC(4.22%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 8.74% | ||
| ROIC | 4.22% |
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.99%
ROIC(5y)3.98%
1.3 Margins
RET has a Profit Margin of 67.13%. This is in the better half of the industry: RET outperforms 75.00% of its industry peers.
RET's Profit Margin has improved in the last couple of years.
RET's Operating Margin of 72.91% is in line compared to the rest of the industry. RET outperforms 57.50% of its industry peers.
RET's Operating Margin has been stable in the last couple of years.
RET has a Gross Margin (77.89%) which is in line with 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 | 72.91% | ||
| PM (TTM) | 67.13% | ||
| GM | 77.89% |
OM growth 3Y-0.98%
OM growth 5Y-0.9%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-1.27%
GM growth 5Y-0.91%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), RET is destroying value.
Compared to 1 year ago, RET has more shares outstanding
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 1.14, we must say that RET is in the distress zone and has some risk of bankruptcy.
RET's Altman-Z score of 1.14 is fine compared to the rest of the industry. RET outperforms 70.00% of its industry peers.
A Debt/Equity ratio of 0.68 indicates that RET is somewhat dependend on debt financing.
RET's Debt to Equity ratio of 0.68 is in line compared to the rest of the industry. RET outperforms 57.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.14 |
ROIC/WACC0.86
WACC4.92%
2.3 Liquidity
A Current Ratio of 0.43 indicates that RET may have some problems paying its short term obligations.
RET's Current ratio of 0.43 is in line compared to the rest of the industry. RET outperforms 50.00% of its industry peers.
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.
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
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%.
Measured over the past years, RET shows a small growth in Revenue. The Revenue has been growing by 5.78% on average per year.
EPS 1Y (TTM)-15.21%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%188.64%
Revenue 1Y (TTM)3.12%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%99.51%
3.2 Future
RET is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.38% yearly.
RET is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.23% yearly.
EPS Next Y0.99%
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
EPS Next 5YN/A
Revenue Next Year3.94%
Revenue Next 2Y3.65%
Revenue Next 3Y1.23%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.64, which indicates a very decent valuation of RET.
82.50% of the companies in the same industry are more expensive than RET, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.30, RET is valued rather cheaply.
The Price/Forward Earnings ratio is 9.83, which indicates a very decent valuation of RET.
RET's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. RET is cheaper than 67.50% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, RET is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.64 | ||
| Fwd PE | 9.83 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
RET has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)8.76
PEG (5Y)0.94
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
5. Dividend
5.1 Amount
RET has a Yearly Dividend Yield of 5.67%, which is a nice return.
RET's Dividend Yield is comparable with the industry average which is at 5.54.
RET's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.67% |
5.2 History
The dividend of RET has a limited annual growth rate of 4.49%.
Dividend Growth(5Y)4.49%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
DP0%
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
EBR:RET (7/11/2025, 7:00:00 PM)
63
+0.1 (+0.16%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners17.94%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap926.73M
Analysts73.33
Price Target68.54 (8.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.67% |
Yearly Dividend4.85
Dividend Growth(5Y)4.49%
DP0%
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)0.3%
PT rev (3m)-2.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.64 | ||
| Fwd PE | 9.83 | ||
| P/S | 5.83 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.76 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.29
EY11.57%
EPS(NY)6.41
Fwd EY10.17%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS10.81
BVpS83.01
TBVpS82.42
PEG (NY)8.76
PEG (5Y)0.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 8.74% | ||
| ROCE | 5.62% | ||
| ROIC | 4.22% | ||
| ROICexc | 4.22% | ||
| ROICexgc | 4.24% | ||
| OM | 72.91% | ||
| PM (TTM) | 67.13% | ||
| GM | 77.89% | ||
| FCFM | N/A |
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.99%
ROIC(5y)3.98%
ROICexc(3y)4%
ROICexc(5y)3.99%
ROICexgc(3y)4.01%
ROICexgc(5y)4.01%
ROCE(3y)5.4%
ROCE(5y)5.47%
ROICexcg growth 3Y1.39%
ROICexcg growth 5Y-0.14%
ROICexc growth 3Y1.53%
ROICexc growth 5Y-0.21%
OM growth 3Y-0.98%
OM growth 5Y-0.9%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-1.27%
GM growth 5Y-0.91%
F-ScoreN/A
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 1.14 |
F-ScoreN/A
WACC4.92%
ROIC/WACC0.86
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.21%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%188.64%
EPS Next Y0.99%
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
EPS Next 5YN/A
Revenue 1Y (TTM)3.12%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%99.51%
Revenue Next Year3.94%
Revenue Next 2Y3.65%
Revenue Next 3Y1.23%
Revenue Next 5YN/A
EBIT growth 1Y3.81%
EBIT growth 3Y6.5%
EBIT growth 5Y4.83%
EBIT Next Year10.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A