QRF COMM VA (QRF.BR) Stock Fundamental Analysis
EBR:QRF - Euronext Brussels - BE0974272040 - REIT - Currency: EUR
QRF gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. QRF has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on QRF. Finally QRF also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year QRF was profitable.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.88%, QRF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
QRF has a Return On Equity of 17.91%. This is amongst the best in the industry. QRF outperforms 100.00% of its industry peers.
QRF has a better Return On Invested Capital (9.61%) than 100.00% 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 3.70%.
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
QRF has a Profit Margin of 117.82%. This is amongst the best in the industry. QRF outperforms 97.62% of its industry peers.
In the last couple of years the Profit Margin of QRF has grown nicely.
QRF has a Operating Margin of 128.96%. This is amongst the best in the industry. QRF outperforms 100.00% of its industry peers.
QRF's Operating Margin has improved in the last couple of years.
QRF's Gross Margin of 88.06% is fine compared to the rest of the industry. QRF outperforms 78.57% 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.
Compared to 5 years ago, QRF has more shares outstanding
QRF has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.52, we must say that QRF is in the distress zone and has some risk of bankruptcy.
QRF's Altman-Z score of 0.52 is on the low side compared to the rest of the industry. QRF is outperformed by 83.33% of its industry peers.
QRF has a debt to FCF ratio of 9.79. This is a negative value and a sign of low solvency as QRF would need 9.79 years to pay back of all of its debts.
QRF's Debt to FCF ratio of 9.79 is fine compared to the rest of the industry. QRF outperforms 78.57% 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 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.79 | ||
| Altman-Z | 0.52 |
ROIC/WACC2.14
WACC4.49%
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.
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's Quick ratio of 0.07 is on the low side compared to the rest of the industry. QRF is outperformed by 92.86% 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
The Revenue has grown by 32.61% in the past year. This is a very strong growth!
The Revenue has been decreasing by -3.85% on average over the past years.
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
Based on estimates for the next years, QRF will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.58% on average per year.
The Revenue is expected to grow by 4.03% on average over the next years.
EPS Next Y3.95%
EPS Next 2Y3.24%
EPS Next 3Y9.58%
EPS Next 5YN/A
Revenue Next Year1.57%
Revenue Next 2Y2.14%
Revenue Next 3Y4.03%
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
A Price/Earnings ratio of 3.74 indicates a rather cheap valuation of QRF.
100.00% of the companies in the same industry are more expensive than QRF, based on the Price/Earnings ratio.
QRF is valuated cheaply when we compare the Price/Earnings ratio to 28.10, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.87, the valuation of QRF can be described as reasonable.
83.33% of the companies in the same industry are more expensive than QRF, based on the Price/Forward Earnings ratio.
QRF is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.74 | ||
| Fwd PE | 8.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRF is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
78.57% 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 | 8.65 | ||
| EV/EBITDA | 7.31 |
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)0.95
PEG (5Y)N/A
EPS Next 2Y3.24%
EPS Next 3Y9.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.19%, QRF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.56, 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 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
5.2 History
The dividend of QRF has a limited annual growth rate of 2.50%.
Dividend Growth(5Y)2.5%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
28.20% of the earnings are spent on dividend by QRF. This is a low number and 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 (5/6/2025, 5:22:06 PM)
10.612
-0.2 (-1.83%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners14.11%
Inst Owner ChangeN/A
Ins Owners6.19%
Ins Owner ChangeN/A
Market Cap82.77M
Analysts80
Price Target12.75 (20.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
Yearly Dividend0.8
Dividend Growth(5Y)2.5%
DP28.2%
Div Incr Years0
Div Non Decr Years5
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%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.74 | ||
| Fwd PE | 8.87 | ||
| P/S | 4.41 | ||
| P/FCF | 8.65 | ||
| P/OCF | 8.31 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 7.31 |
EPS(TTM)2.84
EY26.76%
EPS(NY)1.2
Fwd EY11.28%
FCF(TTM)1.23
FCFY11.56%
OCF(TTM)1.28
OCFY12.04%
SpS2.41
BVpS15.84
TBVpS15.84
PEG (NY)0.95
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 | 0.52 |
F-Score5
WACC4.49%
ROIC/WACC2.14
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 Year1.57%
Revenue Next 2Y2.14%
Revenue Next 3Y4.03%
Revenue Next 5YN/A
EBIT growth 1Y110.11%
EBIT growth 3Y16.67%
EBIT growth 5Y4.14%
EBIT Next Year4.45%
EBIT Next 3YN/A
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%