QRF COMM VA (QRF.BR) Stock Fundamental Analysis
EBR:QRF - Euronext Brussels - BE0974272040 - REIT - Currency: EUR
Taking everything into account, QRF scores 6 out of 10 in our fundamental rating. QRF was compared to 40 industry peers in the Diversified REITs industry. While QRF belongs to the best of the industry regarding profitability, there are concerns on its financial health. QRF scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally QRF also has an excellent dividend rating.
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.
Each year in the past 5 years QRF had a positive operating cash flow.
1.2 Ratios
QRF has a Return On Assets of 9.88%. This is amongst the best in the industry. QRF outperforms 100.00% of its industry peers.
QRF has a better Return On Equity (17.91%) than 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.61%, QRF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
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 3.64%.
The 3 year average ROIC (4.26%) for QRF is below the current ROIC(9.61%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.88% | ||
| ROE | 17.91% | ||
| ROIC | 9.61% |
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
The Profit Margin of QRF (117.82%) is better than 97.50% of its industry peers.
In the last couple of years the Profit Margin of QRF has grown nicely.
Looking at the Operating Margin, with a value of 128.96%, QRF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of QRF has grown nicely.
QRF has a better Gross Margin (88.06%) than 75.00% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 128.96% | ||
| PM (TTM) | 117.82% | ||
| GM | 88.06% |
OM growth 3Y13.86%
OM growth 5Y8.3%
PM growth 3Y63.42%
PM growth 5YN/A
GM growth 3Y-1.92%
GM growth 5Y-0.5%
2. Health
2.1 Basic Checks
QRF has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating 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 0.51. This is a bad value and indicates that QRF is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of QRF (0.51) is worse than 77.50% of its industry peers.
The Debt to FCF ratio of QRF is 9.79, which is on the high side as it means it would take QRF, 9.79 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of QRF (9.79) is better than 75.00% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that QRF is somewhat dependend on debt financing.
QRF has a Debt to Equity ratio of 0.52. This is amongst the best in the industry. QRF outperforms 82.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.79 | ||
| Altman-Z | 0.51 |
ROIC/WACC2.19
WACC4.39%
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 92.50% of its industry peers.
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 92.50% 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 growth in Earnings Per Share. In the last year, the EPS has been growing by 979.06%, which is quite impressive.
The Earnings Per Share has been growing by 64.17% on average over the past years. This is a very strong growth
Looking at the last year, QRF shows a very strong growth in Revenue. The Revenue has grown by 32.61%.
QRF shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.85% yearly.
EPS 1Y (TTM)979.06%
EPS 3Y64.17%
EPS 5YN/A
EPS Q2Q%140020%
Revenue 1Y (TTM)32.61%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%78.3%
3.2 Future
The Earnings Per Share is expected to grow by 9.58% on average over the next years. This is quite good.
QRF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.35% yearly.
EPS Next Y3.95%
EPS Next 2Y3.24%
EPS Next 3Y9.58%
EPS Next 5YN/A
Revenue Next Year0.83%
Revenue Next 2Y1.64%
Revenue Next 3Y3.35%
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
With a Price/Earnings ratio of 3.71, the valuation of QRF can be described as very cheap.
Based on the Price/Earnings ratio, QRF is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of QRF to the average of the S&P500 Index (27.25), we can say QRF is valued rather cheaply.
QRF is valuated reasonably with a Price/Forward Earnings ratio of 8.81.
QRF's Price/Forward Earnings ratio is rather cheap when compared to the industry. QRF is cheaper than 82.50% of the companies in the same industry.
QRF is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.71 | ||
| Fwd PE | 8.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRF is valued cheaper than 100.00% of the companies in the same industry.
82.50% of the companies in the same industry are more expensive than QRF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.6 | ||
| EV/EBITDA | 7.23 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of QRF may justify a higher PE ratio.
PEG (NY)0.94
PEG (5Y)N/A
EPS Next 2Y3.24%
EPS Next 3Y9.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.55%, QRF is a good candidate for dividend investing.
QRF's Dividend Yield is comparable with the industry average which is at 5.55.
Compared to an average S&P500 Dividend Yield of 2.34, QRF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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
QRF pays out 28.20% of its income as dividend. This is a sustainable payout ratio.
QRF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.2%
EPS Next 2Y3.24%
EPS Next 3Y9.58%
EBR:QRF (8/1/2025, 9:52:50 AM)
10.55
0 (0%)
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 Cap82.29M
Analysts80
Price Target12.75 (20.85%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
Yearly Dividend0.8
Dividend Growth(5Y)2.5%
DP28.2%
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)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.71 | ||
| Fwd PE | 8.81 | ||
| P/S | 4.38 | ||
| P/FCF | 8.6 | ||
| P/OCF | 8.26 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 7.23 |
EPS(TTM)2.84
EY26.92%
EPS(NY)1.2
Fwd EY11.34%
FCF(TTM)1.23
FCFY11.63%
OCF(TTM)1.28
OCFY12.11%
SpS2.41
BVpS15.84
TBVpS15.84
PEG (NY)0.94
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.88% | ||
| ROE | 17.91% | ||
| ROCE | 12.82% | ||
| ROIC | 9.61% | ||
| ROICexc | 9.64% | ||
| ROICexgc | 9.64% | ||
| OM | 128.96% | ||
| PM (TTM) | 117.82% | ||
| GM | 88.06% | ||
| FCFM | 50.96% |
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-1.92%
GM growth 5Y-0.5%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.79 | ||
| Debt/EBITDA | 2.64 | ||
| Cap/Depr | 1064.86% | ||
| Cap/Sales | 2.1% | ||
| Interest Coverage | 8.54 | ||
| Cash Conversion | 41.08% | ||
| Profit Quality | 43.25% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.51 |
F-Score5
WACC4.39%
ROIC/WACC2.19
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)979.06%
EPS 3Y64.17%
EPS 5YN/A
EPS Q2Q%140020%
EPS Next Y3.95%
EPS Next 2Y3.24%
EPS Next 3Y9.58%
EPS Next 5YN/A
Revenue 1Y (TTM)32.61%
Revenue growth 3Y2.47%
Revenue growth 5Y-3.85%
Sales Q2Q%78.3%
Revenue Next Year0.83%
Revenue Next 2Y1.64%
Revenue Next 3Y3.35%
Revenue Next 5YN/A
EBIT growth 1Y110.11%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year2.9%
EBIT Next 3Y4.75%
EBIT Next 5YN/A
FCF growth 1Y-13.19%
FCF growth 3Y3.11%
FCF growth 5Y1.23%
OCF growth 1Y-9.61%
OCF growth 3Y4.18%
OCF growth 5Y2.05%