RETAIL ESTATES (RET.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:RET - BE0003720340 - REIT
62.2 EUR
-0.1 (-0.16%)
We assign a fundamental rating of 5 out of 10 to RET. RET was compared to 40 industry peers in the Diversified REITs industry. RET scores excellent on profitability, 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
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.
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 has a better Return On Invested Capital (4.16%) than 70.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RET is in line with the industry average of 3.46%.
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
Looking at the Profit Margin, with a value of 67.13%, RET is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
RET's Profit Margin has improved in the last couple of years.
RET has a better Operating Margin (73.30%) than 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.
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.
The debt/assets ratio for RET has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.12, we must say that RET is in the distress zone and has some risk of bankruptcy.
RET's Altman-Z score of 1.12 is fine compared to the rest of the industry. RET outperforms 75.00% of its industry peers.
RET has a debt to FCF ratio of 9.44. This is a negative value and a sign of low solvency as RET would need 9.44 years to pay back of 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.
RET has a Debt/Equity ratio of 0.71. This is a neutral value indicating RET is somewhat dependend on debt financing.
RET has a Debt to Equity ratio of 0.71. This is comparable 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 | 1.12 |
ROIC/WACC0.87
WACC4.77%
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.
With a Current ratio value of 0.43, RET perfoms like the industry average, 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
The earnings per share for RET have decreased strongly by -15.21% in the last year.
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%.
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%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.
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.
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 8.53.
Based on the Price/Earnings ratio, RET is valued cheaper than 90.00% of the companies in the same industry.
RET's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.28.
With a Price/Forward Earnings ratio of 9.84, the valuation of RET can be described as very reasonable.
Based on the Price/Forward Earnings ratio, RET is valued a bit cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of RET to the average of the S&P500 Index (23.52), we can say RET is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.53 | ||
| Fwd PE | 9.84 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RET indicates a somewhat cheap valuation: RET is cheaper than 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.91 | ||
| EV/EBITDA | 15.11 |
4.3 Compensation for Growth
The excellent profitability rating of RET 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 5.67%, which is a nice return.
RET's Dividend Yield is comparable with the industry average which is at 5.96.
Compared to an average S&P500 Dividend Yield of 2.31, RET pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.67% |
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
67.37% of the earnings are spent on dividend by RET. 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 (12/9/2025, 5:28:53 PM)
62.2
-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 Owners18.98%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap934.87M
Revenue(TTM)158.94M
Net Income(TTM)106.70M
Analysts49.09
Price Target68.34 (9.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.67% |
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 | 8.53 | ||
| Fwd PE | 9.84 | ||
| P/S | 5.88 | ||
| P/FCF | 9.91 | ||
| P/OCF | 9.79 | ||
| P/B | 0.77 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 15.11 |
EPS(TTM)7.29
EY11.72%
EPS(NY)6.32
Fwd EY10.16%
FCF(TTM)6.27
FCFY10.09%
OCF(TTM)6.35
OCFY10.21%
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 | 1.12 |
F-Score5
WACC4.77%
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 8.53 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%.