QRF COMM VA (QRF.BR) Stock Fundamental Analysis

EBR:QRF • BE0974272040

11.2 EUR
+0.15 (+1.36%)
Last: Feb 12, 2026, 05:26 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

QRF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. While QRF is still in line with the averages on profitability rating, there are concerns on its financial health. QRF does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

6

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.
  • The reported net income has been mixed in the past 5 years: QRF reported negative net income in multiple years.
  • In the past 5 years QRF always reported a positive cash flow from operatings.
QRF.BR Yearly Net Income VS EBIT VS OCF VS FCFQRF.BR 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 0 10M -10M -20M

1.2 Ratios

  • QRF has a Return On Assets of 1.43%. This is comparable to the rest of the industry: QRF outperforms 45.24% of its industry peers.
  • QRF has a Return On Equity (2.70%) which is comparable to the rest of the industry.
  • QRF has a Return On Invested Capital of 3.79%. This is in the better half of the industry: QRF outperforms 64.29% 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 RankSector 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%
QRF.BR Yearly ROA, ROE, ROICQRF.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 -15

1.3 Margins

  • QRF has a Profit Margin (27.07%) which is in line with its industry peers.
  • QRF's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 76.78%, QRF is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • QRF's Operating Margin has improved in the last couple of years.
  • QRF has a better Gross Margin (78.32%) than 69.05% of its industry peers.
  • In the last couple of years the Gross Margin of QRF has remained more or less at the same level.
Industry RankSector 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%
QRF.BR Yearly Profit, Operating, Gross MarginsQRF.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), QRF is destroying value.
  • QRF has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for QRF has been increased compared to 5 years ago.
  • The debt/assets ratio for QRF has been reduced compared to a year ago.
QRF.BR Yearly Shares OutstandingQRF.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M
QRF.BR Yearly Total Debt VS Total AssetsQRF.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.2 Solvency

  • Based on the Altman-Z score of 0.36, we must say that QRF is in the distress zone and has some risk of bankruptcy.
  • QRF has a Altman-Z score of 0.36. This is amonst the worse of the industry: QRF underperforms 83.33% 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.
  • QRF's Debt to FCF ratio of 9.98 is fine compared to the rest of the industry. QRF outperforms 78.57% of its industry peers.
  • A Debt/Equity ratio of 0.51 indicates that QRF is somewhat dependend on debt financing.
  • QRF has a better Debt to Equity ratio (0.51) than 80.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 9.98
Altman-Z 0.36
ROIC/WACC0.76
WACC4.99%
QRF.BR Yearly LT Debt VS Equity VS FCFQRF.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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: 92.86% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.07 indicates that QRF may have some problems paying its short term obligations.
  • The Quick ratio of QRF (0.07) is worse than 92.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.07
Quick Ratio 0.07
QRF.BR Yearly Current Assets VS Current LiabilitesQRF.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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

3

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%.
  • The Earnings Per Share has been growing by 63.13% on average over the past years. This is a very strong growth
  • QRF shows a decrease in Revenue. In the last year, the revenue decreased by -9.76%.
  • QRF shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.85% yearly.
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

  • QRF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -5.11% yearly.
  • QRF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.27% yearly.
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.
QRF.BR Yearly Revenue VS EstimatesQRF.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5M 10M 15M
QRF.BR Yearly EPS VS EstimatesQRF.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2023 2024 2025 2026 2027 0.5 1 1.5

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 27.32, which means the current valuation is very expensive for QRF.
  • 61.90% of the companies in the same industry are cheaper than QRF, based on the Price/Earnings ratio.
  • QRF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.18.
  • A Price/Forward Earnings ratio of 12.32 indicates a correct valuation of QRF.
  • QRF's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, QRF is valued rather cheaply.
Industry RankSector Rank
PE 27.32
Fwd PE 12.32
QRF.BR Price Earnings VS Forward Price EarningsQRF.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, QRF is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of QRF indicates a somewhat cheap valuation: QRF is cheaper than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.5
EV/EBITDA 23.22
QRF.BR Per share dataQRF.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of QRF may justify a higher PE ratio.
  • QRF's earnings are expected to decrease with -5.11% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.39%, QRF is a good candidate for dividend investing.
  • QRF's Dividend Yield is comparable with the industry average which is at 5.29.
  • Compared to an average S&P500 Dividend Yield of 1.80, QRF pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.39%

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
QRF.BR Yearly Dividends per shareQRF.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

  • 201.17% of the earnings are spent on dividend by QRF. This is not a sustainable payout ratio.
  • The Dividend Rate of QRF has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP201.17%
EPS Next 2Y-10.3%
EPS Next 3Y-5.11%
QRF.BR Yearly Income VS Free CF VS DividendQRF.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M -20M
QRF.BR Dividend Payout.QRF.BR Dividend Payout, showing the Payout Ratio.QRF.BR Dividend Payout.PayoutRetained Earnings

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QRF COMM VA

EBR:QRF (2/12/2026, 5:26:36 PM)

11.2

+0.15 (+1.36%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-23
Earnings (Next)02-26
Inst Owners6.09%
Inst Owner ChangeN/A
Ins Owners4.66%
Ins Owner ChangeN/A
Market Cap116.48M
Revenue(TTM)12.03M
Net Income(TTM)3.26M
Analysts76.67
Price Target11.37 (1.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.39%
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)0%
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 RankSector Rank
PE 27.32
Fwd PE 12.32
P/S 9.68
P/FCF 11.5
P/OCF 11.26
P/B 0.97
P/tB 0.97
EV/EBITDA 23.22
EPS(TTM)0.41
EY3.66%
EPS(NY)0.91
Fwd EY8.12%
FCF(TTM)0.97
FCFY8.69%
OCF(TTM)0.99
OCFY8.88%
SpS1.16
BVpS11.59
TBVpS11.59
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.34
Profitability
Industry RankSector 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 RankSector 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 0.36
F-Score4
WACC4.99%
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 6 / 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%.