QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - EBR:QRF - BE0974272040 - REIT
9.86 EUR
-0.14 (-1.4%)
Overall QRF gets a fundamental rating of 4 out of 10. We evaluated QRF against 42 industry peers in the Diversified REITs industry. There are concerns on the financial health of QRF while its profitability can be described as average. QRF is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year QRF was profitable.
In the past year QRF had a positive cash flow from operations.
In multiple years QRF reported negative net income over the last 5 years.
QRF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.43%, QRF perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
QRF has a Return On Equity (2.70%) which is in line with its industry peers.
QRF's Return On Invested Capital of 3.79% is fine compared to the rest of the industry. QRF outperforms 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for QRF is in line with the industry average of 3.40%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 2.7% | ||
| ROIC | 3.79% |
ROA(3y)2.86%
ROA(5y)1.47%
ROE(3y)5.61%
ROE(5y)2.86%
ROIC(3y)4.26%
ROIC(5y)3.85%
1.3 Margins
QRF has a Profit Margin of 27.07%. This is comparable to the rest of the industry: QRF outperforms 45.24% of its industry peers.
QRF's Profit Margin has improved in the last couple of years.
QRF's Operating Margin of 76.78% is fine compared to the rest of the industry. QRF outperforms 66.67% of its industry peers.
QRF's Operating Margin has improved in the last couple of years.
QRF's Gross Margin of 78.32% is fine compared to the rest of the industry. QRF outperforms 61.90% of its industry peers.
QRF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 76.78% | ||
| PM (TTM) | 27.07% | ||
| GM | 78.32% |
OM growth 3Y13.86%
OM growth 5Y8.3%
PM growth 3Y63.42%
PM growth 5YN/A
GM growth 3Y-0.74%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
QRF 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 QRF remains at a similar level compared to 1 year ago.
QRF has more shares outstanding than it did 5 years ago.
QRF has a better debt/assets ratio than last year.
2.2 Solvency
QRF has an Altman-Z score of 0.15. This is a bad value and indicates that QRF is not financially healthy and even has some risk of bankruptcy.
QRF's Altman-Z score of 0.15 is on the low side compared to the rest of the industry. QRF is outperformed by 88.10% of its industry peers.
The Debt to FCF ratio of QRF is 9.98, which is on the high side as it means it would take QRF, 9.98 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.98, QRF is in the better half of the industry, outperforming 73.81% of the companies in the same industry.
A Debt/Equity ratio of 0.51 indicates that QRF is somewhat dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.51, QRF belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.98 | ||
| Altman-Z | 0.15 |
ROIC/WACC0.87
WACC4.37%
2.3 Liquidity
A Current Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
With a Current ratio value of 0.07, QRF is not doing good in the industry: 90.48% of the companies in the same industry are doing better.
QRF has a Quick Ratio of 0.07. This is a bad value and indicates that QRF is not financially healthy enough and could expect problems in meeting its short term obligations.
QRF has a worse Quick ratio (0.07) than 90.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
QRF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -70.94%.
QRF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 64.17% yearly.
Looking at the last year, QRF shows a decrease in Revenue. The Revenue has decreased by -9.76% in the last year.
Measured over the past years, QRF shows a decrease in Revenue. The Revenue has been decreasing by -3.85% on average per year.
EPS 1Y (TTM)-70.94%
EPS 3Y64.17%
EPS 5YN/A
EPS Q2Q%-68.48%
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%-5.93%
3.2 Future
The Earnings Per Share is expected to decrease by -5.73% on average over the next years.
QRF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.06% yearly.
EPS Next Y-23.68%
EPS Next 2Y-10.17%
EPS Next 3Y-5.73%
EPS Next 5YN/A
Revenue Next Year-3.15%
Revenue Next 2Y1.56%
Revenue Next 3Y2.06%
Revenue Next 5YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
QRF is valuated rather expensively with a Price/Earnings ratio of 23.48.
Compared to the rest of the industry, the Price/Earnings ratio of QRF is on the same level as its industry peers.
QRF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.76.
QRF is valuated reasonably with a Price/Forward Earnings ratio of 10.61.
The rest of the industry has a similar Price/Forward Earnings ratio as QRF.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.21, QRF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.48 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as QRF.
QRF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. QRF is cheaper than 80.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.59 | ||
| EV/EBITDA | 19.24 |
4.3 Compensation for Growth
QRF has a very decent profitability rating, which may justify a higher PE ratio.
QRF's earnings are expected to decrease with -5.73% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.17%
EPS Next 3Y-5.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.39%, QRF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.55, QRF has a dividend in line with its industry peers.
QRF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.39% |
5.2 History
The dividend of QRF has a limited annual growth rate of 2.50%.
Dividend Growth(5Y)2.5%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
201.17% of the earnings are spent on dividend by QRF. This is not a sustainable payout ratio.
QRF's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP201.17%
EPS Next 2Y-10.17%
EPS Next 3Y-5.73%
EBR:QRF (10/8/2025, 11:42:20 AM)
9.86
-0.14 (-1.4%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners8.13%
Inst Owner ChangeN/A
Ins Owners6.21%
Ins Owner ChangeN/A
Market Cap76.91M
Analysts76.67
Price Target11.73 (18.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.39% |
Yearly Dividend0.8
Dividend Growth(5Y)2.5%
DP201.17%
Div Incr Years1
Div Non Decr Years6
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)-8%
PT rev (3m)-8%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.43%
EPS NY rev (3m)-26.58%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.94%
Revenue NY rev (3m)-3.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.48 | ||
| Fwd PE | 10.61 | ||
| P/S | 6.39 | ||
| P/FCF | 7.59 | ||
| P/OCF | 7.44 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 19.24 |
EPS(TTM)0.42
EY4.26%
EPS(NY)0.93
Fwd EY9.42%
FCF(TTM)1.3
FCFY13.17%
OCF(TTM)1.33
OCFY13.45%
SpS1.54
BVpS15.46
TBVpS15.46
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 2.7% | ||
| ROCE | 5.05% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.8% | ||
| ROICexgc | 3.8% | ||
| OM | 76.78% | ||
| PM (TTM) | 27.07% | ||
| GM | 78.32% | ||
| FCFM | 84.17% |
ROA(3y)2.86%
ROA(5y)1.47%
ROE(3y)5.61%
ROE(5y)2.86%
ROIC(3y)4.26%
ROIC(5y)3.85%
ROICexc(3y)4.29%
ROICexc(5y)3.89%
ROICexgc(3y)4.29%
ROICexgc(5y)3.89%
ROCE(3y)5.68%
ROCE(5y)5.14%
ROICexcg growth 3Y16.23%
ROICexcg growth 5Y6.99%
ROICexc growth 3Y16.24%
ROICexc growth 5Y6.99%
OM growth 3Y13.86%
OM growth 5Y8.3%
PM growth 3Y63.42%
PM growth 5YN/A
GM growth 3Y-0.74%
GM growth 5Y0.21%
F-Score4
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.98 | ||
| Debt/EBITDA | 6.58 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.48 | ||
| Cash Conversion | 111.5% | ||
| Profit Quality | 310.93% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.15 |
F-Score4
WACC4.37%
ROIC/WACC0.87
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-70.94%
EPS 3Y64.17%
EPS 5YN/A
EPS Q2Q%-68.48%
EPS Next Y-23.68%
EPS Next 2Y-10.17%
EPS Next 3Y-5.73%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%-5.93%
Revenue Next Year-3.15%
Revenue Next 2Y1.56%
Revenue Next 3Y2.06%
Revenue Next 5YN/A
EBIT growth 1Y-39.83%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year-2.1%
EBIT Next 3Y3.21%
EBIT Next 5YN/A
FCF growth 1Y-17.52%
FCF growth 3Y3.11%
FCF growth 5Y1.23%
OCF growth 1Y-15.8%
OCF growth 3Y4.18%
OCF growth 5Y2.05%