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

EBR:WEB • BE0003734481

Current stock price

38.6 EUR
-0.2 (-0.52%)
Last:

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

7

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.
  • WEB had positive earnings in each of the past 5 years.
  • WEB had a positive operating cash flow in each of the past 5 years.
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 5M 10M 15M 20M

1.2 Ratios

  • With a decent Return On Assets value of 3.22%, WEB is doing good in the industry, outperforming 65.85% of the companies in the same industry.
  • With a decent Return On Equity value of 6.36%, WEB is doing good in the industry, outperforming 60.98% of the companies in the same industry.
  • WEB has a Return On Invested Capital of 4.70%. This is amongst the best in the industry. WEB outperforms 85.37% of its industry peers.
  • WEB had an Average Return On Invested Capital over the past 3 years of 4.53%. This is in line with the industry average of 3.72%.
  • The 3 year average ROIC (4.53%) for WEB is below the current ROIC(4.70%), indicating increased profibility in the last year.
Industry RankSector 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%
WEB.BR Yearly ROA, ROE, ROICWEB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

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 Gross Margin of 97.60%. This is amongst the best in the industry. WEB outperforms 92.68% of its industry peers.
  • WEB's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
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 20 40 60 80 100

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2

2. WEB.BR Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WEB is destroying value.
  • Compared to 1 year ago, WEB has more shares outstanding
  • WEB has more shares outstanding than it did 5 years ago.
  • WEB has a better debt/assets ratio than last year.
WEB.BR Yearly Shares OutstandingWEB.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 100M 200M 300M

2.2 Solvency

  • Based on the Altman-Z score of 0.82, we must say that WEB is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of WEB (0.82) is comparable to the rest of the industry.
  • WEB has a debt to FCF ratio of 11.77. This is a negative value and a sign of low solvency as WEB would need 11.77 years to pay back of all of its debts.
  • WEB has a better Debt to FCF ratio (11.77) than 63.41% of its industry peers.
  • WEB has a Debt/Equity ratio of 0.82. This is a neutral value indicating WEB is somewhat dependend on debt financing.
  • WEB's Debt to Equity ratio of 0.82 is on the low side compared to the rest of the industry. WEB is outperformed by 65.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 11.77
Altman-Z 0.82
ROIC/WACC0.91
WACC5.17%
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 50M 100M 150M

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's Current ratio of 0.33 is in line compared to the rest of the industry. WEB outperforms 43.90% of its industry peers.
  • A Quick Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
  • WEB has a Quick ratio (0.33) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.33
Quick Ratio 0.33
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 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 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.
  • WEB shows a small growth in Revenue. In the last year, the Revenue has grown by 4.55%.
  • Measured over the past years, WEB shows a small growth in Revenue. The Revenue has been growing by 5.96% on average per year.
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.
  • 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.
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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5

4. WEB.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • WEB is valuated correctly with a Price/Earnings ratio of 12.10.
  • Compared to the rest of the industry, the Price/Earnings ratio of WEB indicates a somewhat cheap valuation: WEB is cheaper than 60.98% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.89, WEB is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 10.74, the valuation of WEB can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WEB is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of WEB to the average of the S&P500 Index (22.19), we can say WEB is valued rather cheaply.
Industry RankSector Rank
PE 12.1
Fwd PE 10.74
WEB.BR Price Earnings VS Forward Price EarningsWEB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

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 70.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.74
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

  • WEB has a very decent profitability rating, which may justify a higher PE ratio.
  • WEB's earnings are expected to decrease with -2.53% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%

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

4

5. WEB.BR Dividend Analysis

5.1 Amount

  • WEB has a Yearly Dividend Yield of 5.92%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.66, WEB has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, WEB pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.92%

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
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

  • WEB pays out 105.09% of its income as dividend. 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%
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 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 (3/27/2026, 7:00:00 PM)

38.6

-0.2 (-0.52%)

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 Cap135.10M
Revenue(TTM)25.24M
Net Income(TTM)11.17M
Analysts47.5
Price Target42.84 (10.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.92%
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)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 12.1
Fwd PE 10.74
P/S 5.35
P/FCF 9.74
P/OCF 7.47
P/B 0.77
P/tB 0.77
EV/EBITDA N/A
EPS(TTM)3.19
EY8.26%
EPS(NY)3.6
Fwd EY9.32%
FCF(TTM)3.96
FCFY10.27%
OCF(TTM)5.17
OCFY13.39%
SpS7.21
BVpS50.17
TBVpS50.17
PEG (NY)N/A
PEG (5Y)N/A
Graham Number60.01
Profitability
Industry RankSector 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 RankSector 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 0.82
F-Score5
WACC5.17%
ROIC/WACC0.91
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 Fundamental Analysis 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 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.


What is the profitability of WEB stock?

WAREHOUSES ESTATES BELGIUM (WEB.BR) has a profitability rating of 7 / 10.


How financially healthy is WAREHOUSES ESTATES BELGIUM?

The financial health rating of WAREHOUSES ESTATES BELGIUM (WEB.BR) is 2 / 10.


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.