WELLTOWER INC (WELL) Fundamental Analysis & Valuation

NYSE:WELL • US95040Q1040

Current stock price

206.34 USD
+1.64 (+0.8%)
At close:
206.51 USD
+0.17 (+0.08%)
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.
  • WELL had a positive operating cash flow in the past year.
  • Each year in the past 5 years WELL has been profitable.
  • 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

  • With a Return On Assets value of 1.39%, WELL perfoms like the industry average, outperforming 58.20% of the companies in the same industry.
  • With a Return On Equity value of 2.22%, WELL perfoms like the industry average, outperforming 55.74% of the companies in the same industry.
  • The Return On Invested Capital of WELL (0.40%) is worse than 84.43% 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 3.11%.
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

  • WELL has a Profit Margin (8.64%) which is comparable to the rest of the industry.
  • WELL's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 3.00%, WELL is doing worse than 84.43% of the companies in the same industry.
  • 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: 81.97% of the companies in the same industry are doing better.
  • 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

  • WELL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • WELL has more shares outstanding than it did 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 3.45. This indicates that WELL is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.45, WELL belongs to the best of the industry, outperforming 97.54% of the companies in the same industry.
  • The Debt to FCF ratio of WELL is 14.16, which is on the high side as it means it would take WELL, 14.16 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 14.16, WELL belongs to the best of the industry, outperforming 84.43% of the companies in the same industry.
  • 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 better Debt to Equity ratio (0.47) than 89.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 14.16
Altman-Z 3.45
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.
  • With an excellent Current ratio value of 2.01, WELL belongs to the best of the industry, outperforming 87.70% of the companies in the same industry.
  • A Quick Ratio of 2.01 indicates that WELL has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.01, WELL belongs to the top of the industry, outperforming 87.70% 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.
  • Looking at the last year, WELL shows a very strong growth in Revenue. The Revenue has grown by 35.63%.
  • 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

  • WELL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.25% yearly.
  • The Revenue is expected to grow by 18.08% on average over the next years. This is quite good.
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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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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2

4. WELL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 147.39, WELL can be considered very expensive at the moment.
  • WELL's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, WELL is valued quite expensively.
  • A Price/Forward Earnings ratio of 82.23 indicates a quite expensive valuation of WELL.
  • WELL's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of WELL to the average of the S&P500 Index (23.68), we can say WELL is valued expensively.
Industry RankSector Rank
PE 147.39
Fwd PE 82.23
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

  • 92.62% of the companies in the same industry are cheaper than WELL, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, WELL is valued a bit cheaper than 63.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 103.3
EV/EBITDA 63.88
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.
  • WELL's earnings are expected to grow with 30.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.86
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 1.51%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 8.03, 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 1.89, WELL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.51%

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 Years2
Div Non Decr Years4
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.
  • WELL's earnings are growing more than its dividend. This makes the dividend growth 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
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 (4/9/2026, 7:06:14 PM)

After market: 206.51 +0.17 (+0.08%)

206.34

+1.64 (+0.8%)

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 Change0%
Ins Owners0.03%
Ins Owner Change0.47%
Market Cap143.97B
Revenue(TTM)10.84B
Net Income(TTM)936.85M
Analysts81.54
Price Target235.73 (14.24%)
Short Float %2.45%
Short Ratio5.09
Dividend
Industry RankSector Rank
Dividend Yield 1.51%
Yearly Dividend2.82
Dividend Growth(5Y)0.84%
DP200.46%
Div Incr Years2
Div Non Decr Years4
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)2.5%
PT rev (3m)8.58%
EPS NQ rev (1m)-4.04%
EPS NQ rev (3m)33.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.05%
Valuation
Industry RankSector Rank
PE 147.39
Fwd PE 82.23
P/S 13.28
P/FCF 103.3
P/OCF 49.96
P/B 3.42
P/tB 3.45
EV/EBITDA 63.88
EPS(TTM)1.4
EY0.68%
EPS(NY)2.51
Fwd EY1.22%
FCF(TTM)2
FCFY0.97%
OCF(TTM)4.13
OCFY2%
SpS15.53
BVpS60.38
TBVpS59.88
PEG (NY)1.86
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 12.86%
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 14.16
Debt/EBITDA 8
Cap/Depr 69.49%
Cap/Sales 13.73%
Interest Coverage 0.56
Cash Conversion 116.85%
Profit Quality 148.76%
Current Ratio 2.01
Quick Ratio 2.01
Altman-Z 3.45
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)285.62%
Profit Quality(5y)435.44%
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 1Y-38.23%
FCF growth 3Y1.6%
FCF growth 5Y0.42%
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%.