WAREHOUSES ESTATES BELGIUM (WEB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:WEB - BE0003734481 - REIT
38 EUR
0 (0%)
We assign a fundamental rating of 4 out of 10 to WEB. WEB was compared to 41 industry peers in the Diversified REITs industry. WEB has an excellent profitability rating, but there are concerns on its financial health. WEB has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
WEB had positive earnings in the past year.
In the past year WEB had a positive cash flow from operations.
WEB had positive earnings in each of the past 5 years.
In the past 5 years WEB always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of WEB (3.22%) is better than 68.29% of its industry peers.
Looking at the Return On Equity, with a value of 6.36%, WEB is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.70%, WEB belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for WEB is in line with the industry average of 3.47%.
The 3 year average ROIC (4.53%) for WEB is below the current ROIC(4.70%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.22% | ||
| ROE | 6.36% | ||
| ROIC | 4.7% |
ROA(3y)3.25%
ROA(5y)3.53%
ROE(3y)6.07%
ROE(5y)6.63%
ROIC(3y)4.53%
ROIC(5y)4.35%
1.3 Margins
WEB has a Profit Margin (44.23%) which is in line with its industry peers.
In the last couple of years the Profit Margin of WEB has declined.
Looking at the Operating Margin, with a value of 79.69%, WEB is in the better half of the industry, outperforming 75.61% of the companies in the same industry.
In the last couple of years the Operating Margin of WEB has remained more or less at the same level.
WEB has a better Gross Margin (97.60%) than 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 79.69% | ||
| PM (TTM) | 44.23% | ||
| GM | 97.6% |
OM growth 3Y-2.45%
OM growth 5Y-0.08%
PM growth 3Y-17.16%
PM growth 5Y-4.35%
GM growth 3Y0.85%
GM growth 5Y0.33%
2. Health
2.1 Basic Checks
WEB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, WEB has more shares outstanding
Compared to 5 years ago, WEB has more shares outstanding
Compared to 1 year ago, WEB has an improved debt to assets ratio.
2.2 Solvency
WEB has an Altman-Z score of 0.81. This is a bad value and indicates that WEB is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.81, WEB is in line with its industry, outperforming 43.90% of the companies in the same industry.
The Debt to FCF ratio of WEB is 11.77, which is on the high side as it means it would take WEB, 11.77 years of fcf income to pay off all of its debts.
WEB's Debt to FCF ratio of 11.77 is in line compared to the rest of the industry. WEB outperforms 56.10% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that WEB is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.82, WEB is doing worse than 68.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.81 |
ROIC/WACC0.92
WACC5.1%
2.3 Liquidity
WEB has a Current Ratio of 0.33. 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 has a Current ratio (0.33) which is comparable to the rest of the industry.
A Quick Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
WEB has a Quick ratio of 0.33. This is comparable to the rest of the industry: WEB outperforms 46.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
WEB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 57.18%, which is quite impressive.
Measured over the past years, WEB shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.07% on average per year.
Looking at the last year, WEB shows a small growth in Revenue. The Revenue has grown by 4.55% in the last year.
The Revenue has been growing slightly by 5.96% on average over the past years.
EPS 1Y (TTM)57.18%
EPS 3Y-10.85%
EPS 5Y-0.07%
EPS Q2Q%3.01%
Revenue 1Y (TTM)4.55%
Revenue growth 3Y10.18%
Revenue growth 5Y5.96%
Sales Q2Q%2.62%
3.2 Future
WEB is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.53% yearly.
Based on estimates for the next years, WEB will show a small growth in Revenue. The Revenue will grow by 1.01% on average per year.
EPS Next Y-5.1%
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
EPS Next 5YN/A
Revenue Next Year3.4%
Revenue Next 2Y2.47%
Revenue Next 3Y2.15%
Revenue Next 5Y1.01%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
Based on the Price/Earnings ratio of 11.91, the valuation of WEB can be described as reasonable.
WEB's Price/Earnings ratio is a bit cheaper when compared to the industry. WEB is cheaper than 70.73% of the companies in the same industry.
When comparing the Price/Earnings ratio of WEB to the average of the S&P500 Index (26.57), we can say WEB is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.57, the valuation of WEB can be described as very reasonable.
Based on the Price/Forward Earnings ratio, WEB is valued a bit cheaper than 63.41% of the companies in the same industry.
WEB is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.91 | ||
| Fwd PE | 10.57 |
4.2 Price Multiples
70.73% of the companies in the same industry are more expensive than WEB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.59 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of WEB may justify a higher PE ratio.
A cheap valuation may be justified as WEB's earnings are expected to decrease with -2.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.34%, WEB is a good candidate for dividend investing.
WEB's Dividend Yield is a higher than the industry average which is at 5.07.
Compared to an average S&P500 Dividend Yield of 1.88, WEB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
5.2 History
The dividend of WEB has a limited annual growth rate of 1.51%.
Dividend Growth(5Y)1.51%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
105.09% 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.
DP105.09%
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
EBR:WEB (12/24/2025, 7:00:00 PM)
38
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners2.94%
Inst Owner ChangeN/A
Ins Owners2.32%
Ins Owner ChangeN/A
Market Cap133.00M
Revenue(TTM)25.24M
Net Income(TTM)11.17M
Analysts47.5
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
Yearly Dividend3.18
Dividend Growth(5Y)1.51%
DP105.09%
Div Incr Years2
Div Non Decr Years3
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.91 | ||
| Fwd PE | 10.57 | ||
| P/S | 5.27 | ||
| P/FCF | 9.59 | ||
| P/OCF | 7.35 | ||
| P/B | 0.76 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.19
EY8.39%
EPS(NY)3.6
Fwd EY9.46%
FCF(TTM)3.96
FCFY10.43%
OCF(TTM)5.17
OCFY13.6%
SpS7.21
BVpS50.17
TBVpS50.17
PEG (NY)N/A
PEG (5Y)N/A
Graham Number60.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.22% | ||
| ROE | 6.36% | ||
| ROCE | 6.27% | ||
| ROIC | 4.7% | ||
| ROICexc | 4.71% | ||
| ROICexgc | 4.71% | ||
| OM | 79.69% | ||
| PM (TTM) | 44.23% | ||
| GM | 97.6% | ||
| FCFM | 54.96% |
ROA(3y)3.25%
ROA(5y)3.53%
ROE(3y)6.07%
ROE(5y)6.63%
ROIC(3y)4.53%
ROIC(5y)4.35%
ROICexc(3y)4.54%
ROICexc(5y)4.36%
ROICexgc(3y)4.54%
ROICexgc(5y)4.36%
ROCE(3y)6.04%
ROCE(5y)5.8%
ROICexgc growth 3Y1.91%
ROICexgc growth 5Y0.31%
ROICexc growth 3Y1.91%
ROICexc growth 5Y0.31%
OM growth 3Y-2.45%
OM growth 5Y-0.08%
PM growth 3Y-17.16%
PM growth 5Y-4.35%
GM growth 3Y0.85%
GM growth 5Y0.33%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 11.77 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 16.68% | ||
| Interest Coverage | 4.17 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 124.25% | ||
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 0.81 |
F-Score5
WACC5.1%
ROIC/WACC0.92
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)18.54%
Cap/Sales(5y)19.6%
Profit Quality(3y)119.43%
Profit Quality(5y)100.63%
High Growth Momentum
Growth
EPS 1Y (TTM)57.18%
EPS 3Y-10.85%
EPS 5Y-0.07%
EPS Q2Q%3.01%
EPS Next Y-5.1%
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
EPS Next 5YN/A
Revenue 1Y (TTM)4.55%
Revenue growth 3Y10.18%
Revenue growth 5Y5.96%
Sales Q2Q%2.62%
Revenue Next Year3.4%
Revenue Next 2Y2.47%
Revenue Next 3Y2.15%
Revenue Next 5Y1.01%
EBIT growth 1Y3.29%
EBIT growth 3Y7.48%
EBIT growth 5Y5.88%
EBIT Next Year12.43%
EBIT Next 3Y3.98%
EBIT Next 5YN/A
FCF growth 1Y19.35%
FCF growth 3Y7.44%
FCF growth 5Y103.09%
OCF growth 1Y13.02%
OCF growth 3Y7.75%
OCF growth 5Y13.41%
WAREHOUSES ESTATES BELGIUM / WEB.BR FAQ
What is the ChartMill fundamental rating of WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?
ChartMill assigns a fundamental rating of 4 / 10 to WEB.BR.
What is the valuation status for WEB stock?
ChartMill assigns a valuation rating of 5 / 10 to WAREHOUSES ESTATES BELGIUM (WEB.BR). This can be considered as Fairly Valued.
What is the profitability of WEB stock?
WAREHOUSES ESTATES BELGIUM (WEB.BR) has a profitability rating of 7 / 10.
What are the PE and PB ratios of WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?
The Price/Earnings (PE) ratio for WAREHOUSES ESTATES BELGIUM (WEB.BR) is 11.91 and the Price/Book (PB) ratio is 0.76.
What is the expected EPS growth for WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?
The Earnings per Share (EPS) of WAREHOUSES ESTATES BELGIUM (WEB.BR) is expected to decline by -5.1% in the next year.