WAREHOUSES ESTATES BELGIUM (WEB.BR) Stock Fundamental Analysis
Europe - EBR:WEB - BE0003734481 - REIT
37 EUR
-0.2 (-0.54%)
Overall WEB gets a fundamental rating of 4 out of 10. We evaluated WEB against 40 industry peers in the Diversified REITs industry. WEB scores excellent on profitability, 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
In the past year WEB was profitable.
In the past year WEB had a positive cash flow from operations.
In the past 5 years WEB has always been profitable.
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 67.50% 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 70.00% of the companies in the same industry.
The Return On Invested Capital of WEB (4.70%) is better than 85.00% 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 3.49%.
The last Return On Invested Capital (4.70%) for WEB is above the 3 year average (4.53%), which is a sign of increasing profitability.
| 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
The Profit Margin of WEB (44.23%) is comparable to the rest of the industry.
WEB's Profit Margin has declined in the last couple of years.
WEB's Operating Margin of 79.69% is fine compared to the rest of the industry. WEB outperforms 77.50% of its industry peers.
In the last couple of years the Operating Margin of WEB has remained more or less at the same level.
Looking at the Gross Margin, with a value of 97.60%, WEB belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
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
The number of shares outstanding for WEB has been increased compared to 5 years ago.
WEB has a better debt/assets ratio than last year.
2.2 Solvency
WEB has an Altman-Z score of 0.80. 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 0.80, WEB is in line with its industry, outperforming 45.00% 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 has a Debt to FCF ratio (11.77) which is comparable to the rest of the industry.
WEB has a Debt/Equity ratio of 0.82. This is a neutral value indicating WEB is somewhat dependend on debt financing.
The Debt to Equity ratio of WEB (0.82) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.92
WACC5.09%
2.3 Liquidity
A Current Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
WEB has a worse Current ratio (0.33) than 62.50% of its industry peers.
A Quick Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
With a Quick ratio value of 0.33, WEB perfoms like the industry average, outperforming 42.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 57.18% over the past year.
The Earnings Per Share has been decreasing by -0.07% on average over the past years.
WEB shows a small growth in Revenue. In the last year, the Revenue has grown by 4.55%.
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
Based on estimates for the next years, WEB will show a decrease in Earnings Per Share. The EPS will decrease by -0.60% on average per year.
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-3.83%
EPS Next 2Y-1.54%
EPS Next 3Y-0.6%
EPS Next 5YN/A
Revenue Next Year3.4%
Revenue Next 2Y2.47%
Revenue Next 3Y2.15%
Revenue Next 5Y1.01%
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
WEB is valuated reasonably with a Price/Earnings ratio of 11.60.
Based on the Price/Earnings ratio, WEB is valued a bit cheaper than the industry average as 67.50% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.83. WEB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.64, the valuation of WEB can be described as reasonable.
Based on the Price/Forward Earnings ratio, WEB is valued a bit cheaper than 77.50% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, WEB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 9.64 |
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 72.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.33 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of WEB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.54%
EPS Next 3Y-0.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.27%, WEB is a good candidate for dividend investing.
WEB's Dividend Yield is a higher than the industry average which is at 5.85.
Compared to an average S&P500 Dividend Yield of 2.30, WEB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.27% |
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-1.54%
EPS Next 3Y-0.6%
EBR:WEB (10/28/2025, 7:00:00 PM)
37
-0.2 (-0.54%)
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 Cap129.50M
Revenue(TTM)25.24M
Net Income(TTM)11.17M
Analysts47.5
Price Target40.8 (10.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.27% |
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)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.58%
Revenue NY rev (3m)-0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 9.64 | ||
| P/S | 5.13 | ||
| P/FCF | 9.33 | ||
| P/OCF | 7.16 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.19
EY8.62%
EPS(NY)3.84
Fwd EY10.37%
FCF(TTM)3.96
FCFY10.71%
OCF(TTM)5.17
OCFY13.97%
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 | 0.8 |
F-Score5
WACC5.09%
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-3.83%
EPS Next 2Y-1.54%
EPS Next 3Y-0.6%
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 11.6 and the Price/Book (PB) ratio is 0.74.
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 -3.83% in the next year.