RETAIL ESTATES (RET.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:RET - BE0003720340 - REIT
62.6 EUR
-0.5 (-0.79%)
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 has an excellent profitability rating, but there are 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.
In the past 5 years RET has always been profitable.
In the past 5 years RET always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of RET (4.94%) is better than 85.37% of its industry peers.
RET's Return On Equity of 8.74% is amongst the best of the industry. RET outperforms 85.37% of its industry peers.
RET's Return On Invested Capital of 4.16% is fine compared to the rest of the industry. RET outperforms 70.73% 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 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
The Profit Margin of RET (67.13%) is better than 80.49% of its industry peers.
RET's Profit Margin has improved in the last couple of years.
RET has a better Operating Margin (73.30%) than 60.98% of its industry peers.
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 68.29% 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
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.
RET has a better debt/assets ratio than last year.
2.2 Solvency
RET has an Altman-Z score of 1.13. This is a bad value and indicates that RET is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.13, RET is in the better half of the industry, outperforming 75.61% of the companies in the same industry.
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.
With an excellent Debt to FCF ratio value of 9.44, RET belongs to the best of the industry, outperforming 82.93% of the companies in the same industry.
A Debt/Equity ratio of 0.71 indicates that 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/WACC0.87
WACC4.79%
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.
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
RET shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.21%.
RET shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.19% yearly.
Looking at the last year, RET shows a small growth in Revenue. The Revenue has grown by 3.12% in the last year.
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 0.97% yearly.
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.
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 8.59, which indicates a very decent valuation of RET.
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 26.39.
With a Price/Forward Earnings ratio of 9.91, the valuation of RET can be described as very reasonable.
Based on the Price/Forward Earnings ratio, RET is valued a bit cheaper than 73.17% of the companies in the same industry.
RET's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.59 | ||
| Fwd PE | 9.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RET is valued a bit cheaper than 70.73% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, RET is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.98 | ||
| EV/EBITDA | 15.21 |
4.3 Compensation for Growth
RET has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.93
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.
RET's Dividend Yield is comparable with the industry average which is at 5.07.
Compared to an average S&P500 Dividend Yield of 1.87, RET pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
5.2 History
On average, the dividend of RET grows each year by 18.46%, which is quite nice.
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.
RET's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP67.37%
EPS Next 2Y0.84%
EPS Next 3Y0.97%
EBR:RET (12/22/2025, 10:31:31 AM)
62.6
-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 Owners18.98%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap940.88M
Revenue(TTM)158.94M
Net Income(TTM)106.70M
Analysts49.09
Price Target68.34 (9.17%)
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 | 8.59 | ||
| Fwd PE | 9.91 | ||
| P/S | 5.92 | ||
| P/FCF | 9.98 | ||
| P/OCF | 9.86 | ||
| P/B | 0.77 | ||
| P/tB | 0.78 | ||
| EV/EBITDA | 15.21 |
EPS(TTM)7.29
EY11.65%
EPS(NY)6.32
Fwd EY10.09%
FCF(TTM)6.27
FCFY10.02%
OCF(TTM)6.35
OCFY10.15%
SpS10.58
BVpS81.24
TBVpS80.66
PEG (NY)N/A
PEG (5Y)0.93
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
WACC4.79%
ROIC/WACC0.87
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 8.59 and the Price/Book (PB) ratio is 0.77.
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%.