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

EBR:WEB • BE0003734481

Current stock price

41 EUR
0 (0%)
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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.
  • Each year in the past 5 years WEB had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 3.22%, WEB is in the better half of the industry, outperforming 65.12% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 6.36%, WEB is in the better half of the industry, outperforming 60.47% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 4.70%, WEB belongs to the best of the industry, outperforming 83.72% of the companies in the same industry.
  • 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 3.64%.
  • 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 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's Profit Margin of 44.23% is in line compared to the rest of the industry. WEB outperforms 55.81% of its industry peers.
  • WEB's Profit Margin has declined in the last couple of years.
  • WEB has a Operating Margin of 79.69%. This is in the better half of the industry: WEB outperforms 76.74% of its industry peers.
  • 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 93.02% 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 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

  • WEB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for WEB has been increased compared to 1 year ago.
  • WEB has more shares outstanding than it did 5 years ago.
  • 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 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 0.85, we must say that WEB is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.85, WEB is in line with its industry, outperforming 44.19% of the companies in the same 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 Debt to FCF ratio of 11.77. This is in the better half of the industry: WEB outperforms 65.12% of its industry peers.
  • A Debt/Equity ratio of 0.82 indicates that WEB is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.82, WEB is not doing good in the industry: 67.44% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 11.77
Altman-Z 0.85
ROIC/WACC0.89
WACC5.28%
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

  • A Current Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
  • WEB's Current ratio of 0.33 is in line compared to the rest of the industry. WEB outperforms 44.19% of its industry peers.
  • WEB has a Quick 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 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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3

3. WEB.BR Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 57.18% over the past year.
  • WEB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.07% yearly.
  • 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 -2.53% on average per year.
  • WEB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.01% yearly.
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

  • 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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4

4. WEB.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.85, the valuation of WEB can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of WEB is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 25.23. WEB is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 11.40, the valuation of WEB can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WEB is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.42, WEB is valued a bit cheaper.
Industry RankSector Rank
PE 12.85
Fwd PE 11.4
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 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, WEB is valued a bit cheaper than the industry average as 72.09% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.34
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

  • With a Yearly Dividend Yield of 5.92%, WEB is a good candidate for dividend investing.
  • WEB's Dividend Yield is comparable with the industry average which is at 5.52.
  • 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 (3/20/2026, 7:00:00 PM)

41

0 (0%)

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 Cap143.50M
Revenue(TTM)25.24M
Net Income(TTM)11.17M
Analysts47.5
Price Target40.8 (-0.49%)
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)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%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 12.85
Fwd PE 11.4
P/S 5.68
P/FCF 10.34
P/OCF 7.93
P/B 0.82
P/tB 0.82
EV/EBITDA N/A
EPS(TTM)3.19
EY7.78%
EPS(NY)3.6
Fwd EY8.77%
FCF(TTM)3.96
FCFY9.67%
OCF(TTM)5.17
OCFY12.6%
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 0.85
F-Score5
WACC5.28%
ROIC/WACC0.89
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.