WEB Fundamental Analysis - WAREHOUSES ESTATES BELGIUM

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to WEB. WEB was compared to 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of WEB while its profitability can be described as average. WEB is valued correctly, but it does not seem to be growing.

Quickly go to:

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.

Each year in the past 5 years WEB has been profitable.

In the past 5 years WEB always reported a positive cash flow from operatings.

1.2 Ratios

WEB has a better Return On Assets (3.12%) than 67.50% of its industry peers.

WEB has a Return On Equity (5.87%) which is in line with its industry peers.

WEB has a better Return On Invested Capital (4.47%) than 85.00% 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 3.43%.

		Industry Rank	Sector Rank
ROA	3.12%
ROE	5.87%
ROIC	4.47%

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 of 42.69%. This is comparable to the rest of the industry: WEB outperforms 55.00% of its industry peers.

In the last couple of years the Profit Margin of WEB has declined.

WEB's Operating Margin of 79.52% 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.

WEB's Gross Margin of 97.93% is amongst the best of the industry. WEB outperforms 97.50% of its industry peers.

WEB's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	79.52%
PM (TTM)	42.69%
GM	97.93%

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%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

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.

The number of shares outstanding for WEB has been increased compared to 1 year ago.

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 0.92. This is a bad value and indicates that WEB is not financially healthy and even has some risk of bankruptcy.

The Altman-Z score of WEB (0.92) is comparable to the rest of the industry.

WEB has a debt to FCF ratio of 11.42. This is a negative value and a sign of low solvency as WEB would need 11.42 years to pay back of all of its debts.

WEB has a Debt to FCF ratio of 11.42. This is comparable to the rest of the industry: WEB outperforms 55.00% of its industry peers.

WEB has a Debt/Equity ratio of 0.83. This is a neutral value indicating WEB is somewhat dependend on debt financing.

WEB has a worse Debt to Equity ratio (0.83) than 70.00% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.83
Debt/FCF	11.42
Altman-Z	0.92

ROIC/WACC0.87

WACC5.13%

2.3 Liquidity

WEB has a Current Ratio of 0.67. 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 of 0.67. This is comparable to the rest of the industry: WEB outperforms 60.00% of its industry peers.

A Quick Ratio of 0.67 indicates that WEB may have some problems paying its short term obligations.

WEB has a Quick ratio of 0.67. This is comparable to the rest of the industry: WEB outperforms 60.00% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.67
Quick Ratio	0.67

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 14.56% over the past year.

The Earnings Per Share has been decreasing by -0.07% on average over the past years.

Looking at the last year, WEB shows a quite strong growth in Revenue. The Revenue has grown by 8.74% in the last year.

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)14.56%

EPS 3Y-10.85%

EPS 5Y-0.07%

EPS Q2Q%306.07%

Revenue 1Y (TTM)8.74%

Revenue growth 3Y10.18%

Revenue growth 5Y5.96%

Sales Q2Q%6.56%

3.2 Future

WEB is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.60% yearly.

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-3.83%

EPS Next 2Y-1.54%

EPS Next 3Y-0.6%

EPS Next 5YN/A

Revenue Next Year4%

Revenue Next 2Y1.98%

Revenue Next 3Y1.32%

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.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.36, WEB is valued correctly.

67.50% of the companies in the same industry are more expensive than WEB, based on the Price/Earnings ratio.

Compared to an average S&P500 Price/Earnings ratio of 27.20, WEB is valued rather cheaply.

Based on the Price/Forward Earnings ratio of 10.19, the valuation of WEB can be described as reasonable.

Compared to the rest of the industry, the Price/Forward Earnings ratio of WEB indicates a somewhat cheap valuation: WEB is cheaper than 72.50% of the companies listed in the same industry.

The average S&P500 Price/Forward Earnings ratio is at 22.70. WEB is valued rather cheaply when compared to this.

		Industry Rank	Sector Rank
PE	12.36
Fwd PE	10.19

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, WEB is valued a bit cheaper than 67.50% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	10.05
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%

More info and screens

Show best valued peers

5. Dividend

5.1 Amount

WEB has a Yearly Dividend Yield of 5.95%, which is a nice return.

Compared to an average industry Dividend Yield of 5.57, WEB pays a bit more dividend than its industry peers.

Compared to an average S&P500 Dividend Yield of 2.38, WEB pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	5.95%

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

99.70% 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.

DP99.7%

EPS Next 2Y-1.54%

EPS Next 3Y-0.6%

More info and screens

Find the best dividend stocks

Show peers with best dividend

WAREHOUSES ESTATES BELGIUM

EBR:WEB (9/17/2025, 7:00:00 PM)

38.8

-0.2 (-0.51%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)N/A N/A

Earnings (Next)09-26 2025-09-26

Inst Owners2.94%

Inst Owner ChangeN/A

Ins Owners2.32%

Ins Owner ChangeN/A

Market Cap135.80M

Analysts47.5

Price Target40.8 (5.15%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	5.95%

Yearly Dividend3.18

Dividend Growth(5Y)1.51%

DP99.7%

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 Rank	Sector Rank
PE	12.36
Fwd PE	10.19
P/S	5.45
P/FCF	10.05
P/OCF	7.58
P/B	0.75
P/tB	0.75
EV/EBITDA	N/A

EPS(TTM)3.14

EY8.09%

EPS(NY)3.81

Fwd EY9.81%

FCF(TTM)3.86

FCFY9.95%

OCF(TTM)5.12

OCFY13.19%

SpS7.12

BVpS51.81

TBVpS51.81

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	3.12%
ROE	5.87%
ROCE	5.96%
ROIC	4.47%
ROICexc	4.49%
ROICexgc	4.49%
OM	79.52%
PM (TTM)	42.69%
GM	97.93%
FCFM	54.21%

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%

ROICexcg growth 3Y1.91%

ROICexcg 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-Score8

Asset Turnover0.07

Health

		Industry Rank	Sector Rank
Debt/Equity	0.83
Debt/FCF	11.42
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	17.67%
Interest Coverage	3.59
Cash Conversion	N/A
Profit Quality	126.98%
Current Ratio	0.67
Quick Ratio	0.67
Altman-Z	0.92

F-Score8

WACC5.13%

ROIC/WACC0.87

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)14.56%

EPS 3Y-10.85%

EPS 5Y-0.07%

EPS Q2Q%306.07%

EPS Next Y-3.83%

EPS Next 2Y-1.54%

EPS Next 3Y-0.6%

EPS Next 5YN/A

Revenue 1Y (TTM)8.74%

Revenue growth 3Y10.18%

Revenue growth 5Y5.96%

Sales Q2Q%6.56%

Revenue Next Year4%

Revenue Next 2Y1.98%

Revenue Next 3Y1.32%

Revenue Next 5Y1.01%

EBIT growth 1Y8.24%

EBIT growth 3Y7.48%

EBIT growth 5Y5.88%

EBIT Next Year12.43%

EBIT Next 3Y3.98%

EBIT Next 5YN/A

FCF growth 1Y8.88%

FCF growth 3Y7.44%

FCF growth 5Y103.09%

OCF growth 1Y11.76%

OCF growth 3Y7.75%

OCF growth 5Y13.41%

WAREHOUSES ESTATES BELGIUM (WEB.BR) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens