WELLTOWER INC (WELL) Fundamental Analysis & Valuation

NYSE:WELL • US95040Q1040

Current stock price

195.77 USD
+0.24 (+0.12%)
At close:
195.75 USD
-0.02 (-0.01%)
After Hours:

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

3

1. WELL Profitability Analysis

1.1 Basic Checks

  • In the past year WELL was profitable.
  • In the past year WELL had a positive cash flow from operations.
  • WELL had positive earnings in each of the past 5 years.
  • Each year in the past 5 years WELL had a positive operating cash flow.
WELL Yearly Net Income VS EBIT VS OCF VS FCFWELL 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 2025 500M 1B 1.5B 2B 2.5B

1.2 Ratios

  • WELL has a Return On Assets (1.39%) which is comparable to the rest of the industry.
  • WELL has a Return On Equity of 2.22%. This is comparable to the rest of the industry: WELL outperforms 55.28% of its industry peers.
  • WELL has a Return On Invested Capital of 0.40%. This is amonst the worse of the industry: WELL underperforms 84.55% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for WELL is in line with the industry average of 3.13%.
Industry RankSector Rank
ROA 1.39%
ROE 2.22%
ROIC 0.4%
ROA(3y)1.34%
ROA(5y)1.07%
ROE(3y)2.18%
ROE(5y)1.83%
ROIC(3y)1.39%
ROIC(5y)1.51%
WELL Yearly ROA, ROE, ROICWELL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

1.3 Margins

  • With a Profit Margin value of 8.64%, WELL perfoms like the industry average, outperforming 58.54% of the companies in the same industry.
  • In the last couple of years the Profit Margin of WELL has declined.
  • The Operating Margin of WELL (3.00%) is worse than 84.55% of its industry peers.
  • In the last couple of years the Operating Margin of WELL has declined.
  • With a Gross Margin value of 41.17%, WELL is not doing good in the industry: 82.11% of the companies in the same industry are doing better.
  • WELL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3%
PM (TTM) 8.64%
GM 41.17%
OM growth 3Y-37.77%
OM growth 5Y-27.23%
PM growth 3Y53.08%
PM growth 5Y-16.47%
GM growth 3Y1.16%
GM growth 5Y-1.45%
WELL Yearly Profit, Operating, Gross MarginsWELL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. WELL Health Analysis

2.1 Basic Checks

  • WELL 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 WELL has been increased compared to 1 year ago.
  • WELL has more shares outstanding than it did 5 years ago.
  • WELL has a better debt/assets ratio than last year.
WELL Yearly Shares OutstandingWELL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
WELL Yearly Total Debt VS Total AssetsWELL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • WELL has an Altman-Z score of 3.30. This indicates that WELL is financially healthy and has little risk of bankruptcy at the moment.
  • WELL has a Altman-Z score of 3.30. This is amongst the best in the industry. WELL outperforms 97.56% of its industry peers.
  • WELL has a debt to FCF ratio of 6.85. This is a slightly negative value and a sign of low solvency as WELL would need 6.85 years to pay back of all of its debts.
  • The Debt to FCF ratio of WELL (6.85) is better than 93.50% of its industry peers.
  • WELL has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
  • WELL has a Debt to Equity ratio of 0.47. This is amongst the best in the industry. WELL outperforms 89.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 6.85
Altman-Z 3.3
ROIC/WACC0.05
WACC8.24%
WELL Yearly LT Debt VS Equity VS FCFWELL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 2.01 indicates that WELL has no problem at all paying its short term obligations.
  • WELL's Current ratio of 2.01 is amongst the best of the industry. WELL outperforms 87.80% of its industry peers.
  • WELL has a Quick Ratio of 2.01. This indicates that WELL is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.01, WELL belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 2.01
WELL Yearly Current Assets VS Current LiabilitesWELL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. WELL Growth Analysis

3.1 Past

  • The earnings per share for WELL have decreased strongly by -10.26% in the last year.
  • The Earnings Per Share has been decreasing by -9.69% on average over the past years.
  • WELL shows a strong growth in Revenue. In the last year, the Revenue has grown by 35.63%.
  • WELL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.67% yearly.
EPS 1Y (TTM)-10.26%
EPS 3Y63.55%
EPS 5Y-9.69%
EPS Q2Q%-26.32%
Revenue 1Y (TTM)35.63%
Revenue growth 3Y22.74%
Revenue growth 5Y18.67%
Sales Q2Q%41.33%

3.2 Future

  • Based on estimates for the next years, WELL will show a very strong growth in Earnings Per Share. The EPS will grow by 29.25% on average per year.
  • Based on estimates for the next years, WELL will show a quite strong growth in Revenue. The Revenue will grow by 18.08% on average per year.
EPS Next Y79.23%
EPS Next 2Y55.29%
EPS Next 3Y30.97%
EPS Next 5Y29.25%
Revenue Next Year23.26%
Revenue Next 2Y20.97%
Revenue Next 3Y18.08%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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 stable.
WELL Yearly Revenue VS EstimatesWELL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
WELL Yearly EPS VS EstimatesWELL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6

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3

4. WELL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 139.84, the valuation of WELL can be described as expensive.
  • WELL's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 25.23. WELL is valued rather expensively when compared to this.
  • WELL is valuated quite expensively with a Price/Forward Earnings ratio of 78.02.
  • WELL's Price/Forward Earnings ratio is in line with the industry average.
  • WELL is valuated expensively when we compare the Price/Forward Earnings ratio to 22.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 139.84
Fwd PE 78.02
WELL Price Earnings VS Forward Price EarningsWELL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WELL is valued more expensive than 92.68% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WELL indicates a somewhat cheap valuation: WELL is cheaper than 68.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 47.4
EV/EBITDA 61.28
WELL Per share dataWELL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • WELL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • WELL's earnings are expected to grow with 30.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.76
PEG (5Y)N/A
EPS Next 2Y55.29%
EPS Next 3Y30.97%

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

4

5. WELL Dividend Analysis

5.1 Amount

  • WELL has a Yearly Dividend Yield of 1.61%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 7.32, WELL's dividend is way lower than its industry peers. On top of this 87.80% of the companies listed in the same industry pay a better dividend than WELL!
  • WELL's Dividend Yield is comparable with the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.61%

5.2 History

  • The dividend of WELL has a limited annual growth rate of 0.84%.
  • WELL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • WELL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.84%
Div Incr Years1
Div Non Decr Years3
WELL Yearly Dividends per shareWELL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • WELL pays out 200.46% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of WELL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP200.46%
EPS Next 2Y55.29%
EPS Next 3Y30.97%
WELL Yearly Income VS Free CF VS DividendWELL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
WELL Dividend Payout.WELL Dividend Payout, showing the Payout Ratio.WELL Dividend Payout.PayoutRetained Earnings

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WELL Fundamentals: All Metrics, Ratios and Statistics

WELLTOWER INC

NYSE:WELL (3/27/2026, 5:05:00 PM)

After market: 195.75 -0.02 (-0.01%)

195.77

+0.24 (+0.12%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)04-27
Inst Owners99.41%
Inst Owner Change3.09%
Ins Owners0.03%
Ins Owner Change0.47%
Market Cap136.60B
Revenue(TTM)10.84B
Net Income(TTM)936.85M
Analysts81.54
Price Target229.98 (17.47%)
Short Float %2.25%
Short Ratio4.9
Dividend
Industry RankSector Rank
Dividend Yield 1.61%
Yearly Dividend2.82
Dividend Growth(5Y)0.84%
DP200.46%
Div Incr Years1
Div Non Decr Years3
Ex-Date02-25
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.7%
Min EPS beat(2)-76.34%
Max EPS beat(2)-23.07%
EPS beat(4)0
Avg EPS beat(4)-25.96%
Min EPS beat(4)-76.34%
Max EPS beat(4)-1.25%
EPS beat(8)2
Avg EPS beat(8)-7.65%
EPS beat(12)4
Avg EPS beat(12)-10.09%
EPS beat(16)5
Avg EPS beat(16)-21.98%
Revenue beat(2)2
Avg Revenue beat(2)5.88%
Min Revenue beat(2)1.81%
Max Revenue beat(2)9.96%
Revenue beat(4)4
Avg Revenue beat(4)3.91%
Min Revenue beat(4)1.3%
Max Revenue beat(4)9.96%
Revenue beat(8)7
Avg Revenue beat(8)3.05%
Revenue beat(12)9
Avg Revenue beat(12)2.06%
Revenue beat(16)11
Avg Revenue beat(16)1.58%
PT rev (1m)4.18%
PT rev (3m)5.93%
EPS NQ rev (1m)33.87%
EPS NQ rev (3m)33.66%
EPS NY rev (1m)12.84%
EPS NY rev (3m)-2.68%
Revenue NQ rev (1m)5.57%
Revenue NQ rev (3m)5.32%
Revenue NY rev (1m)6.13%
Revenue NY rev (3m)7.05%
Valuation
Industry RankSector Rank
PE 139.84
Fwd PE 78.02
P/S 12.6
P/FCF 47.4
P/OCF 47.4
P/B 3.24
P/tB 3.27
EV/EBITDA 61.28
EPS(TTM)1.4
EY0.72%
EPS(NY)2.51
Fwd EY1.28%
FCF(TTM)4.13
FCFY2.11%
OCF(TTM)4.13
OCFY2.11%
SpS15.53
BVpS60.38
TBVpS59.88
PEG (NY)1.76
PEG (5Y)N/A
Graham Number43.61
Profitability
Industry RankSector Rank
ROA 1.39%
ROE 2.22%
ROCE 0.51%
ROIC 0.4%
ROICexc 0.44%
ROICexgc 0.44%
OM 3%
PM (TTM) 8.64%
GM 41.17%
FCFM 26.59%
ROA(3y)1.34%
ROA(5y)1.07%
ROE(3y)2.18%
ROE(5y)1.83%
ROIC(3y)1.39%
ROIC(5y)1.51%
ROICexc(3y)1.48%
ROICexc(5y)1.58%
ROICexgc(3y)1.49%
ROICexgc(5y)1.58%
ROCE(3y)1.76%
ROCE(5y)1.91%
ROICexgc growth 3Y-35.4%
ROICexgc growth 5Y-24.67%
ROICexc growth 3Y-35.48%
ROICexc growth 5Y-24.72%
OM growth 3Y-37.77%
OM growth 5Y-27.23%
PM growth 3Y53.08%
PM growth 5Y-16.47%
GM growth 3Y1.16%
GM growth 5Y-1.45%
F-Score7
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 6.85
Debt/EBITDA 8
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.56
Cash Conversion 116.85%
Profit Quality 307.59%
Current Ratio 2.01
Quick Ratio 2.01
Altman-Z 3.3
F-Score7
WACC8.24%
ROIC/WACC0.05
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)338.57%
Profit Quality(5y)467.2%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.26%
EPS 3Y63.55%
EPS 5Y-9.69%
EPS Q2Q%-26.32%
EPS Next Y79.23%
EPS Next 2Y55.29%
EPS Next 3Y30.97%
EPS Next 5Y29.25%
Revenue 1Y (TTM)35.63%
Revenue growth 3Y22.74%
Revenue growth 5Y18.67%
Sales Q2Q%41.33%
Revenue Next Year23.26%
Revenue Next 2Y20.97%
Revenue Next 3Y18.08%
Revenue Next 5YN/A
EBIT growth 1Y-72.13%
EBIT growth 3Y-23.62%
EBIT growth 5Y-13.65%
EBIT Next Year182.11%
EBIT Next 3Y51.06%
EBIT Next 5Y31.34%
FCF growth 1Y27.71%
FCF growth 3Y29.44%
FCF growth 5Y16.12%
OCF growth 1Y27.71%
OCF growth 3Y29.44%
OCF growth 5Y16.12%

WELLTOWER INC / WELL Fundamental Analysis FAQ

What is the ChartMill fundamental rating of WELLTOWER INC (WELL) stock?

ChartMill assigns a fundamental rating of 5 / 10 to WELL.


Can you provide the valuation status for WELLTOWER INC?

ChartMill assigns a valuation rating of 3 / 10 to WELLTOWER INC (WELL). This can be considered as Overvalued.


What is the profitability of WELL stock?

WELLTOWER INC (WELL) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for WELL stock?

The Price/Earnings (PE) ratio for WELLTOWER INC (WELL) is 139.84 and the Price/Book (PB) ratio is 3.24.


Can you provide the dividend sustainability for WELL stock?

The dividend rating of WELLTOWER INC (WELL) is 4 / 10 and the dividend payout ratio is 200.46%.