WELLTOWER INC (WELL) Fundamental Analysis & Valuation

NYSE:WELL • US95040Q1040

Current stock price

202.33 USD
+3.47 (+1.74%)
At close:
203.15 USD
+0.82 (+0.41%)
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.
  • In the past 5 years WELL has always been profitable.
  • In the past 5 years WELL always reported a positive cash flow from operatings.
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 (2.22%) which is comparable to the rest of the industry.
  • WELL has a worse Return On Invested Capital (0.40%) than 84.43% of its industry peers.
  • WELL had an Average Return On Invested Capital over the past 3 years of 1.39%. This is in line with the industry average of 3.11%.
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

  • Looking at the Profit Margin, with a value of 8.64%, WELL is in line with its industry, outperforming 59.02% of the companies in the same industry.
  • WELL's Profit Margin has declined in the last couple of years.
  • WELL has a Operating Margin of 3.00%. This is amonst the worse of the industry: WELL underperforms 84.43% of its industry peers.
  • In the last couple of years the Operating Margin of WELL has declined.
  • Looking at the Gross Margin, with a value of 41.17%, WELL is doing worse than 81.97% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WELL has remained more or less at the same level.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WELL is destroying value.
  • The number of shares outstanding for WELL has been increased compared to 1 year ago.
  • The number of shares outstanding for WELL has been increased compared to 5 years ago.
  • Compared to 1 year ago, WELL has an improved debt to assets ratio.
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 3.41. This indicates that WELL is financially healthy and has little risk of bankruptcy at the moment.
  • WELL has a Altman-Z score of 3.41. This is amongst the best in the industry. WELL outperforms 99.18% of its industry peers.
  • The Debt to FCF ratio of WELL is 6.85, which is on the high side as it means it would take WELL, 6.85 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 6.85, WELL belongs to the best of the industry, outperforming 93.44% of the companies in the same industry.
  • A Debt/Equity ratio of 0.47 indicates that WELL is not too dependend on debt financing.
  • WELL has a better Debt to Equity ratio (0.47) than 89.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 6.85
Altman-Z 3.41
ROIC/WACC0.05
WACC8.26%
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

  • WELL has a Current Ratio of 2.01. This indicates that WELL is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.01, WELL belongs to the top of the industry, outperforming 87.70% of the companies in the same industry.
  • 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.
  • WELL's Quick ratio of 2.01 is amongst the best of the industry. WELL outperforms 87.70% of its industry peers.
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.
  • Measured over the past years, WELL shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.69% on average per year.
  • The Revenue has grown by 35.63% in the past year. This is a very strong growth!
  • The Revenue has been growing by 18.67% on average over the past years. This is quite good.
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

  • The Earnings Per Share is expected to grow by 29.25% on average over the next years. This is a very strong growth
  • WELL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.08% yearly.
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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Find the best growth stocksShow best growing peers

2

4. WELL Valuation Analysis

4.1 Price/Earnings Ratio

  • WELL is valuated quite expensively with a Price/Earnings ratio of 144.52.
  • WELL's Price/Earnings ratio is in line with the industry average.
  • WELL's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.60.
  • A Price/Forward Earnings ratio of 80.64 indicates a quite expensive valuation of WELL.
  • The rest of the industry has a similar Price/Forward Earnings ratio as WELL.
  • WELL's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 144.52
Fwd PE 80.64
WELL Price Earnings VS Forward Price EarningsWELL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WELL is valued more expensive than 92.62% of the companies in the same industry.
  • 68.85% of the companies in the same industry are more expensive than WELL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 48.99
EV/EBITDA 63.21
WELL Per share dataWELL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as WELL's earnings are expected to grow with 30.97% in the coming years.
PEG (NY)1.82
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 7.54, WELL's dividend is way lower than its industry peers. On top of this 88.52% of the companies listed in the same industry pay a better dividend than WELL!
  • Compared to an average S&P500 Dividend Yield of 1.88, WELL has a dividend comparable with the average S&P500 company.
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 paid a dividend for at least 10 years, which is 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

More info and screens

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WELL Fundamentals: All Metrics, Ratios and Statistics

WELLTOWER INC

NYSE:WELL (4/2/2026, 8:04:00 PM)

After market: 203.15 +0.82 (+0.41%)

202.33

+3.47 (+1.74%)

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 Cap141.18B
Revenue(TTM)10.84B
Net Income(TTM)936.85M
Analysts81.54
Price Target235.73 (16.51%)
Short Float %2.45%
Short Ratio5.09
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)6.79%
PT rev (3m)8.58%
EPS NQ rev (1m)4.66%
EPS NQ rev (3m)33.66%
EPS NY rev (1m)-12.81%
EPS NY rev (3m)-2.68%
Revenue NQ rev (1m)-0.98%
Revenue NQ rev (3m)5.32%
Revenue NY rev (1m)5.12%
Revenue NY rev (3m)7.05%
Valuation
Industry RankSector Rank
PE 144.52
Fwd PE 80.64
P/S 13.03
P/FCF 48.99
P/OCF 48.99
P/B 3.35
P/tB 3.38
EV/EBITDA 63.21
EPS(TTM)1.4
EY0.69%
EPS(NY)2.51
Fwd EY1.24%
FCF(TTM)4.13
FCFY2.04%
OCF(TTM)4.13
OCFY2.04%
SpS15.53
BVpS60.38
TBVpS59.88
PEG (NY)1.82
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 3.41
F-Score7
WACC8.26%
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 2 / 10 to WELLTOWER INC (WELL). This can be considered as Overvalued.


How profitable is WELLTOWER INC (WELL) stock?

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


What is the financial health of WELLTOWER INC (WELL) stock?

The financial health rating of WELLTOWER INC (WELL) is 8 / 10.


How sustainable is the dividend of WELLTOWER INC (WELL) stock?

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