WAREHOUSES ESTATES BELGIUM (WEB.BR) Fundamental Analysis & Valuation

EBR:WEB • BE0003734481

Current stock price

41.9 EUR
+0.1 (+0.24%)
Last:

This WEB.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. WEB.BR Profitability Analysis

1.1 Basic Checks

  • In the past year WEB was profitable.
  • WEB had a positive operating cash flow in the past year.
  • In the past 5 years WEB has always been profitable.
  • In the past 5 years WEB always reported a positive cash flow from operatings.
WEB.BR Yearly Net Income VS EBIT VS OCF VS FCFWEB.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M

1.2 Ratios

  • WEB has a Return On Assets of 4.38%. This is in the better half of the industry: WEB outperforms 65.85% of its industry peers.
  • WEB's Return On Equity of 8.19% is fine compared to the rest of the industry. WEB outperforms 65.85% of its industry peers.
  • WEB has a Return On Invested Capital of 5.35%. This is amongst the best in the industry. WEB outperforms 87.80% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WEB is in line with the industry average of 3.75%.
  • The last Return On Invested Capital (5.35%) for WEB is above the 3 year average (4.85%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.38%
ROE 8.19%
ROIC 5.35%
ROA(3y)3.4%
ROA(5y)3.75%
ROE(3y)6.41%
ROE(5y)7%
ROIC(3y)4.85%
ROIC(5y)4.64%
WEB.BR Yearly ROA, ROE, ROICWEB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 60.15%, WEB is in the better half of the industry, outperforming 60.98% of the companies in the same industry.
  • WEB's Profit Margin has been stable in the last couple of years.
  • WEB's Operating Margin of 93.73% is amongst the best of the industry. WEB outperforms 97.56% of its industry peers.
  • WEB's Operating Margin has improved in the last couple of years.
  • WEB's Gross Margin of 97.50% is amongst the best of the industry. WEB outperforms 95.12% of its industry peers.
  • In the last couple of years the Gross Margin of WEB has remained more or less at the same level.
Industry RankSector Rank
OM 93.73%
PM (TTM) 60.15%
GM 97.5%
OM growth 3Y6.58%
OM growth 5Y4.03%
PM growth 3Y1.2%
PM growth 5Y0.69%
GM growth 3Y0.28%
GM growth 5Y0.43%
WEB.BR Yearly Profit, Operating, Gross MarginsWEB.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

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4

2. WEB.BR Health Analysis

2.1 Basic Checks

  • WEB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • WEB has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, WEB has more shares outstanding
  • The debt/assets ratio for WEB has been reduced compared to a year ago.
WEB.BR Yearly Shares OutstandingWEB.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1M 2M 3M
WEB.BR Yearly Total Debt VS Total AssetsWEB.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.2 Solvency

  • WEB has an Altman-Z score of 1.01. This is a bad value and indicates that WEB is not financially healthy and even has some risk of bankruptcy.
  • WEB's Altman-Z score of 1.01 is in line compared to the rest of the industry. WEB outperforms 58.54% of its industry peers.
  • The Debt to FCF ratio of WEB is 9.73, which is on the high side as it means it would take WEB, 9.73 years of fcf income to pay off all of its debts.
  • WEB has a better Debt to FCF ratio (9.73) than 85.37% of its industry peers.
  • WEB has a Debt/Equity ratio of 0.79. This is a neutral value indicating WEB is somewhat dependend on debt financing.
  • WEB has a Debt to Equity ratio (0.79) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 9.73
Altman-Z 1.01
ROIC/WACC1.01
WACC5.29%
WEB.BR Yearly LT Debt VS Equity VS FCFWEB.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

2.3 Liquidity

  • WEB has a Current Ratio of 0.86. This is a bad value and indicates that WEB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • WEB's Current ratio of 0.86 is fine compared to the rest of the industry. WEB outperforms 63.41% of its industry peers.
  • WEB has a Quick Ratio of 0.86. This is a bad value and indicates that WEB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of WEB (0.86) is better than 70.73% of its industry peers.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.86
WEB.BR Yearly Current Assets VS Current LiabilitesWEB.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. WEB.BR Growth Analysis

3.1 Past

  • WEB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.73%, which is quite impressive.
  • WEB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.25% yearly.
  • WEB shows a small growth in Revenue. In the last year, the Revenue has grown by 0.95%.
  • WEB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.67% yearly.
EPS 1Y (TTM)37.73%
EPS 3Y4.01%
EPS 5Y6.25%
EPS Q2Q%77.01%
Revenue 1Y (TTM)0.95%
Revenue growth 3Y6.34%
Revenue growth 5Y7.67%
Sales Q2Q%-0.67%

3.2 Future

  • Based on estimates for the next years, WEB will show a decrease in Earnings Per Share. The EPS will decrease by -1.22% on average per year.
  • WEB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.70% yearly.
EPS Next Y-4.3%
EPS Next 2Y-1.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.55%
Revenue Next 2Y1.54%
Revenue Next 3Y2.82%
Revenue Next 5Y0.7%

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.
WEB.BR Yearly Revenue VS EstimatesWEB.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5M 10M 15M 20M 25M
WEB.BR Yearly EPS VS EstimatesWEB.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 1 2 3

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6

4. WEB.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.70, the valuation of WEB can be described as reasonable.
  • 73.17% of the companies in the same industry are more expensive than WEB, based on the Price/Earnings ratio.
  • WEB is valuated cheaply when we compare the Price/Earnings ratio to 27.87, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 11.65, the valuation of WEB can be described as very reasonable.
  • 60.98% of the companies in the same industry are more expensive than WEB, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 38.51. WEB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.7
Fwd PE 11.65
WEB.BR Price Earnings VS Forward Price EarningsWEB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WEB indicates a somewhat cheap valuation: WEB is cheaper than 73.17% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.16
EV/EBITDA N/A
WEB.BR Per share dataWEB.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The excellent profitability rating of WEB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.55
EPS Next 2Y-1.22%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. WEB.BR Dividend Analysis

5.1 Amount

  • WEB has a Yearly Dividend Yield of 5.61%, which is a nice return.
  • WEB's Dividend Yield is a higher than the industry average which is at 5.16.
  • Compared to an average S&P500 Dividend Yield of 1.81, WEB pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.61%

5.2 History

  • The dividend of WEB has a limited annual growth rate of 4.79%.
Dividend Growth(5Y)4.79%
Div Incr Years0
Div Non Decr Years4
WEB.BR Yearly Dividends per shareWEB.BR Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 77.54% of the earnings are spent on dividend by WEB. This is not a sustainable payout ratio.
  • WEB's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP77.54%
EPS Next 2Y-1.22%
EPS Next 3YN/A
WEB.BR Yearly Income VS Free CF VS DividendWEB.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
WEB.BR Dividend Payout.WEB.BR Dividend Payout, showing the Payout Ratio.WEB.BR Dividend Payout.PayoutRetained Earnings

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WEB.BR Fundamentals: All Metrics, Ratios and Statistics

WAREHOUSES ESTATES BELGIUM

EBR:WEB (4/17/2026, 7:00:00 PM)

41.9

+0.1 (+0.24%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)09-26
Earnings (Next)N/A
Inst Owners2.94%
Inst Owner ChangeN/A
Ins Owners2.32%
Ins Owner ChangeN/A
Market Cap146.65M
Revenue(TTM)25.16M
Net Income(TTM)15.13M
Analysts47.5
Price Target42.84 (2.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.61%
Yearly Dividend3.35
Dividend Growth(5Y)4.79%
DP77.54%
Div Incr Years0
Div Non Decr Years4
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)5%
PT rev (3m)5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.7
Fwd PE 11.65
P/S 5.83
P/FCF 9.16
P/OCF 7.08
P/B 0.79
P/tB 0.79
EV/EBITDA N/A
EPS(TTM)4.32
EY10.31%
EPS(NY)3.6
Fwd EY8.58%
FCF(TTM)4.57
FCFY10.91%
OCF(TTM)5.91
OCFY14.12%
SpS7.19
BVpS52.78
TBVpS52.78
PEG (NY)N/A
PEG (5Y)1.55
Graham Number71.6244 (70.94%)
Profitability
Industry RankSector Rank
ROA 4.38%
ROE 8.19%
ROCE 7.13%
ROIC 5.35%
ROICexc 5.35%
ROICexgc 5.35%
OM 93.73%
PM (TTM) 60.15%
GM 97.5%
FCFM 63.62%
ROA(3y)3.4%
ROA(5y)3.75%
ROE(3y)6.41%
ROE(5y)7%
ROIC(3y)4.85%
ROIC(5y)4.64%
ROICexc(3y)4.85%
ROICexc(5y)4.64%
ROICexgc(3y)4.85%
ROICexgc(5y)4.64%
ROCE(3y)6.46%
ROCE(5y)6.18%
ROICexgc growth 3Y6.66%
ROICexgc growth 5Y6.27%
ROICexc growth 3Y6.66%
ROICexc growth 5Y6.27%
OM growth 3Y6.58%
OM growth 5Y4.03%
PM growth 3Y1.2%
PM growth 5Y0.69%
GM growth 3Y0.28%
GM growth 5Y0.43%
F-Score6
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 9.73
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 18.67%
Interest Coverage 4.09
Cash Conversion N/A
Profit Quality 105.76%
Current Ratio 0.86
Quick Ratio 0.86
Altman-Z 1.01
F-Score6
WACC5.29%
ROIC/WACC1.01
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)17.37%
Cap/Sales(5y)18.54%
Profit Quality(3y)125.3%
Profit Quality(5y)108.38%
High Growth Momentum
Growth
EPS 1Y (TTM)37.73%
EPS 3Y4.01%
EPS 5Y6.25%
EPS Q2Q%77.01%
EPS Next Y-4.3%
EPS Next 2Y-1.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.95%
Revenue growth 3Y6.34%
Revenue growth 5Y7.67%
Sales Q2Q%-0.67%
Revenue Next Year1.55%
Revenue Next 2Y1.54%
Revenue Next 3Y2.82%
Revenue Next 5Y0.7%
EBIT growth 1Y18.98%
EBIT growth 3Y13.34%
EBIT growth 5Y12.01%
EBIT Next Year-2.44%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.47%
FCF growth 3Y14.34%
FCF growth 5Y18.79%
OCF growth 1Y15.57%
OCF growth 3Y10.49%
OCF growth 5Y13.6%

WAREHOUSES ESTATES BELGIUM / WEB.BR Fundamental Analysis FAQ

What is the ChartMill fundamental rating of WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?

ChartMill assigns a fundamental rating of 5 / 10 to WEB.BR.


What is the valuation status of WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?

ChartMill assigns a valuation rating of 5 / 10 to WAREHOUSES ESTATES BELGIUM (WEB.BR). This can be considered as Fairly Valued.


How profitable is WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?

WAREHOUSES ESTATES BELGIUM (WEB.BR) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for WEB stock?

The Price/Earnings (PE) ratio for WAREHOUSES ESTATES BELGIUM (WEB.BR) is 9.7 and the Price/Book (PB) ratio is 0.79.


Can you provide the dividend sustainability for WEB stock?

The dividend rating of WAREHOUSES ESTATES BELGIUM (WEB.BR) is 6 / 10 and the dividend payout ratio is 77.54%.