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 41 industry peers in the Diversified REITs industry. While RET has a great profitability rating, there are quite some concerns on its financial health. RET is valued correctly, 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.
RET had positive earnings in each of the past 5 years.
Each year in the past 5 years RET had a positive operating cash flow.
1.2 Ratios
The Return On Assets of RET (5.78%) is better than 86.05% of its industry peers.
RET has a better Return On Equity (10.63%) than 90.70% of its industry peers.
RET has a Return On Invested Capital of 4.13%. This is in the better half of the industry: RET outperforms 67.44% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RET is in line with the industry average of 4.05%.
The 3 year average ROIC (3.92%) for RET is below the current ROIC(4.13%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 10.63% | ||
| ROIC | 4.13% |
ROA(3y)7.37%
ROA(5y)5.77%
ROE(3y)13.77%
ROE(5y)11.24%
ROIC(3y)3.92%
ROIC(5y)3.94%
1.3 Margins
Looking at the Profit Margin, with a value of 79.78%, RET belongs to the top of the industry, outperforming 90.70% of the companies in the same industry.
RET's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 72.43%, RET perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
In the last couple of years the Operating Margin of RET has remained more or less at the same level.
The Gross Margin of RET (78.74%) is comparable to the rest of the industry.
RET's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.43% | ||
| PM (TTM) | 79.78% | ||
| GM | 78.74% |
OM growth 3Y-2.1%
OM growth 5Y-0.87%
PM growth 3Y13.7%
PM growth 5Y9.15%
GM growth 3Y-1.79%
GM growth 5Y-0.77%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 a worse debt to assets ratio.
2.2 Solvency
RET has an Altman-Z score of 1.00. This is a bad value and indicates that RET is not financially healthy and even has some risk of bankruptcy.
RET has a better Altman-Z score (1.00) than 65.12% of its industry peers.
RET has a debt to FCF ratio of 9.97. This is a negative value and a sign of low solvency as RET would need 9.97 years to pay back of all of its debts.
The Debt to FCF ratio of RET (9.97) is better than 79.07% of its industry peers.
RET has a Debt/Equity ratio of 0.74. This is a neutral value indicating RET is somewhat dependend on debt financing.
RET's Debt to Equity ratio of 0.74 is in line compared to the rest of the industry. RET outperforms 55.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 9.97 | ||
| Altman-Z | 1 |
ROIC/WACC0.86
WACC4.78%
2.3 Liquidity
RET has a Current Ratio of 0.34. 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's Current ratio of 0.34 is on the low side compared to the rest of the industry. RET is outperformed by 60.47% of its industry peers.
A Quick Ratio of 0.34 indicates that RET may have some problems paying its short term obligations.
RET has a Quick ratio of 0.34. This is comparable to the rest of the industry: RET outperforms 41.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.34 |
3. Growth
3.1 Past
RET shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.75%.
RET shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.21% yearly.
RET shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.00%.
RET shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.81% yearly.
EPS 1Y (TTM)-33.75%
EPS 3Y21%
EPS 5Y12.21%
EPS Q2Q%-52.78%
Revenue 1Y (TTM)11%
Revenue growth 3Y10.84%
Revenue growth 5Y7.81%
Sales Q2Q%5.89%
3.2 Future
Based on estimates for the next years, RET will show a decrease in Earnings Per Share. The EPS will decrease by -0.04% on average per year.
RET is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.06% yearly.
EPS Next Y-1.17%
EPS Next 2Y-0.04%
EPS Next 3Y-0.04%
EPS Next 5YN/A
Revenue Next Year5.27%
Revenue Next 2Y4.9%
Revenue Next 3Y4.06%
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 cheaply with a Price/Earnings ratio of 6.78.
90.70% of the companies in the same industry are more expensive than RET, based on the Price/Earnings ratio.
RET's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
A Price/Forward Earnings ratio of 9.08 indicates a reasonable valuation of RET.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RET indicates a somewhat cheap valuation: RET is cheaper than 76.74% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. RET is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.78 | ||
| Fwd PE | 9.08 |
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 65.12% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, RET is valued a bit cheaper than 72.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.29 | ||
| EV/EBITDA | 15.7 |
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)0.56
EPS Next 2Y-0.04%
EPS Next 3Y-0.04%
5. Dividend
5.1 Amount
RET does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
EBR:RET (3/7/2025, 7:00:00 PM)
58.3
+0.9 (+1.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners21.44%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap857.59M
Analysts77.78
Price Target70.38 (20.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend4.85
Dividend Growth(5Y)4.49%
DP56.14%
Div Incr Years1
Div Non Decr Years1
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)-5.74%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.1%
EPS NY rev (3m)-0.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.71%
Revenue NY rev (3m)-1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.78 | ||
| Fwd PE | 9.08 | ||
| P/S | 5.56 | ||
| P/FCF | 9.29 | ||
| P/OCF | 9.08 | ||
| P/B | 0.74 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 15.7 |
EPS(TTM)8.6
EY14.75%
EPS(NY)6.42
Fwd EY11.01%
FCF(TTM)6.27
FCFY10.76%
OCF(TTM)6.42
OCFY11.01%
SpS10.48
BVpS78.61
TBVpS78.01
PEG (NY)N/A
PEG (5Y)0.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 10.63% | ||
| ROCE | 5.51% | ||
| ROIC | 4.13% | ||
| ROICexc | 4.14% | ||
| ROICexgc | 4.15% | ||
| OM | 72.43% | ||
| PM (TTM) | 79.78% | ||
| GM | 78.74% | ||
| FCFM | 59.88% |
ROA(3y)7.37%
ROA(5y)5.77%
ROE(3y)13.77%
ROE(5y)11.24%
ROIC(3y)3.92%
ROIC(5y)3.94%
ROICexc(3y)3.93%
ROICexc(5y)4%
ROICexgc(3y)3.95%
ROICexgc(5y)4.02%
ROCE(3y)5.42%
ROCE(5y)5.47%
ROICexcg growth 3Y0.71%
ROICexcg growth 5Y0.46%
ROICexc growth 3Y0.91%
ROICexc growth 5Y0.38%
OM growth 3Y-2.1%
OM growth 5Y-0.87%
PM growth 3Y13.7%
PM growth 5Y9.15%
GM growth 3Y-1.79%
GM growth 5Y-0.77%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 9.97 | ||
| Debt/EBITDA | 7.6 | ||
| Cap/Depr | 145.39% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 4.79 | ||
| Cash Conversion | 83.49% | ||
| Profit Quality | 75.06% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.34 | ||
| Altman-Z | 1 |
F-Score5
WACC4.78%
ROIC/WACC0.86
Cap/Depr(3y)391.22%
Cap/Depr(5y)553.93%
Cap/Sales(3y)2.46%
Cap/Sales(5y)2.46%
Profit Quality(3y)55.89%
Profit Quality(5y)70.2%
High Growth Momentum
Growth
EPS 1Y (TTM)-33.75%
EPS 3Y21%
EPS 5Y12.21%
EPS Q2Q%-52.78%
EPS Next Y-1.17%
EPS Next 2Y-0.04%
EPS Next 3Y-0.04%
EPS Next 5YN/A
Revenue 1Y (TTM)11%
Revenue growth 3Y10.84%
Revenue growth 5Y7.81%
Sales Q2Q%5.89%
Revenue Next Year5.27%
Revenue Next 2Y4.9%
Revenue Next 3Y4.06%
Revenue Next 5YN/A
EBIT growth 1Y15.29%
EBIT growth 3Y8.51%
EBIT growth 5Y6.87%
EBIT Next Year1.77%
EBIT Next 3Y4.2%
EBIT Next 5YN/A
FCF growth 1Y22.66%
FCF growth 3Y5.28%
FCF growth 5Y9.94%
OCF growth 1Y18.72%
OCF growth 3Y6.77%
OCF growth 5Y10.64%