QRF COMM VA (QRF.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:QRF - BE0974272040 - REIT
10.85 EUR
+0.15 (+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 has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
- QRF had positive earnings in the past year.
- QRF had a positive operating cash flow in the past year.
- In multiple years QRF reported negative net income over the last 5 years.
- In the past 5 years QRF always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.43%, QRF is in line with its industry, outperforming 42.86% of the companies in the same industry.
- QRF has a Return On Equity of 2.70%. This is in the lower half of the industry: QRF underperforms 61.90% of its industry peers.
- QRF has a Return On Invested Capital of 3.79%. This is in the better half of the industry: QRF outperforms 61.90% of its industry peers.
- QRF had an Average Return On Invested Capital over the past 3 years of 4.26%. This is in line with the industry average of 3.45%.
| 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
- Looking at the Profit Margin, with a value of 27.07%, QRF is in line with its industry, outperforming 42.86% of the companies in the same industry.
- In the last couple of years the Profit Margin of QRF has grown nicely.
- The Operating Margin of QRF (76.78%) is better than 66.67% of its industry peers.
- In the last couple of years the Operating Margin of QRF has grown nicely.
- QRF has a better Gross Margin (78.32%) than 69.05% 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so QRF is destroying value.
- The number of shares outstanding for QRF remains at a similar level compared to 1 year ago.
- The number of shares outstanding for QRF has been increased compared to 5 years ago.
- Compared to 1 year ago, QRF has an improved debt to assets ratio.
2.2 Solvency
- QRF has an Altman-Z score of 0.35. This is a bad value and indicates that QRF is not financially healthy and even has some risk of bankruptcy.
- QRF has a Altman-Z score of 0.35. This is amonst the worse of the industry: QRF underperforms 85.71% of its industry peers.
- QRF has a debt to FCF ratio of 9.98. This is a negative value and a sign of low solvency as QRF would need 9.98 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 9.98, QRF is doing good in the industry, outperforming 78.57% of the companies in the same industry.
- QRF has a Debt/Equity ratio of 0.51. This is a neutral value indicating QRF is somewhat dependend on debt financing.
- The Debt to Equity ratio of QRF (0.51) is better than 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.98 | ||
| Altman-Z | 0.35 |
ROIC/WACC0.76
WACC4.96%
2.3 Liquidity
- QRF has a Current 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.
- The Current ratio of QRF (0.07) is worse than 92.86% of its industry peers.
- A Quick Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
- With a Quick ratio value of 0.07, QRF is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
| 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 -70.92%.
- QRF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.13% yearly.
- QRF shows a decrease in Revenue. In the last year, the revenue decreased by -9.76%.
- 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)-70.92%
EPS 3Y63.13%
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 -5.11% on average over the next years.
- The Revenue is expected to grow by 11.27% on average over the next years. This is quite good.
EPS Next Y-24.01%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
EPS Next 5YN/A
Revenue Next Year3.94%
Revenue Next 2Y13.6%
Revenue Next 3Y11.27%
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 26.46, the valuation of QRF can be described as expensive.
- QRF's Price/Earnings ratio is a bit more expensive when compared to the industry. QRF is more expensive than 64.29% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.38. QRF is around the same levels.
- With a Price/Forward Earnings ratio of 11.94, the valuation of QRF can be described as very reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of QRF is on the same level as its industry peers.
- QRF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.46 | ||
| Fwd PE | 11.94 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of QRF indicates a slightly more expensive valuation: QRF is more expensive than 69.05% of the companies listed in the same industry.
- QRF's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. QRF is cheaper than 61.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.14 | ||
| EV/EBITDA | 23 |
4.3 Compensation for Growth
- A cheap valuation may be justified as QRF's earnings are expected to decrease with -5.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
5. Dividend
5.1 Amount
- QRF has a Yearly Dividend Yield of 5.50%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.42, QRF has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.85, QRF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
5.2 History
- The dividend of QRF has a limited annual growth rate of 2.11%.
Dividend Growth(5Y)2.11%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
- QRF pays out 201.17% of its income as dividend. 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-10.3%
EPS Next 3Y-5.11%
EBR:QRF (1/16/2026, 7:00:00 PM)
10.85
+0.15 (+1.4%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-23 2025-10-23
Earnings (Next)02-26 2026-02-26
Inst Owners6.09%
Inst Owner ChangeN/A
Ins Owners4.66%
Ins Owner ChangeN/A
Market Cap112.84M
Revenue(TTM)12.03M
Net Income(TTM)3.26M
Analysts76.67
Price Target11.37 (4.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
Yearly Dividend0.79
Dividend Growth(5Y)2.11%
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)0%
PT rev (3m)-3.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.46 | ||
| Fwd PE | 11.94 | ||
| P/S | 9.38 | ||
| P/FCF | 11.14 | ||
| P/OCF | 10.91 | ||
| P/B | 0.94 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 23 |
EPS(TTM)0.41
EY3.78%
EPS(NY)0.91
Fwd EY8.38%
FCF(TTM)0.97
FCFY8.97%
OCF(TTM)0.99
OCFY9.17%
SpS1.16
BVpS11.59
TBVpS11.59
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.34
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%
ROICexgc growth 3Y16.23%
ROICexgc 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 | 0.35 |
F-Score4
WACC4.96%
ROIC/WACC0.76
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)-70.92%
EPS 3Y63.13%
EPS 5YN/A
EPS Q2Q%-68.48%
EPS Next Y-24.01%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%-5.93%
Revenue Next Year3.94%
Revenue Next 2Y13.6%
Revenue Next 3Y11.27%
Revenue Next 5YN/A
EBIT growth 1Y-39.85%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year6.45%
EBIT Next 3Y13.74%
EBIT Next 5YN/A
FCF growth 1Y-17.55%
FCF growth 3Y3.11%
FCF growth 5Y1.23%
OCF growth 1Y-15.83%
OCF growth 3Y4.18%
OCF growth 5Y2.05%
QRF COMM VA / QRF.BR FAQ
Can you provide the ChartMill fundamental rating for QRF COMM VA?
ChartMill assigns a fundamental rating of 4 / 10 to QRF.BR.
What is the valuation status of QRF COMM VA (QRF.BR) stock?
ChartMill assigns a valuation rating of 3 / 10 to QRF COMM VA (QRF.BR). This can be considered as Overvalued.
How profitable is QRF COMM VA (QRF.BR) stock?
QRF COMM VA (QRF.BR) has a profitability rating of 5 / 10.
What is the earnings growth outlook for QRF COMM VA?
The Earnings per Share (EPS) of QRF COMM VA (QRF.BR) is expected to decline by -24.01% in the next year.
How sustainable is the dividend of QRF COMM VA (QRF.BR) stock?
The dividend rating of QRF COMM VA (QRF.BR) is 4 / 10 and the dividend payout ratio is 201.17%.