RETAIL ESTATES (RET.BR) Stock Fundamental Analysis
EBR:RET - Euronext Brussels - BE0003720340 - REIT - Currency: EUR
Taking everything into account, RET scores 4 out of 10 in our fundamental rating. RET was compared to 40 industry peers in the Diversified REITs industry. While RET is still in line with the averages on profitability rating, there are concerns on its financial health. RET has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year RET was profitable.
Each year in the past 5 years RET has been profitable.
RET had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 4.94%, RET belongs to the best of the industry, outperforming 82.50% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.74%, RET is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.22%, RET is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
RET had an Average Return On Invested Capital over the past 3 years of 3.99%. This is in line with the industry average of 3.64%.
The 3 year average ROIC (3.99%) for RET is below the current ROIC(4.22%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 8.74% | ||
| ROIC | 4.22% |
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.99%
ROIC(5y)3.98%
1.3 Margins
The Profit Margin of RET (67.13%) is better than 77.50% of its industry peers.
RET's Profit Margin has improved in the last couple of years.
RET has a Operating Margin (72.91%) which is in line with its industry peers.
In the last couple of years the Operating Margin of RET has remained more or less at the same level.
RET has a Gross Margin (77.89%) which is in line with its industry peers.
In the last couple of years the Gross Margin of RET has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.91% | ||
| PM (TTM) | 67.13% | ||
| GM | 77.89% |
OM growth 3Y-0.98%
OM growth 5Y-0.9%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-1.27%
GM growth 5Y-0.91%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so RET is destroying value.
Compared to 1 year ago, RET has more shares outstanding
Compared to 5 years ago, RET has more shares outstanding
RET has a better debt/assets ratio than last year.
2.2 Solvency
RET has an Altman-Z score of 1.17. This is a bad value and indicates that RET is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.17, RET is doing good in the industry, outperforming 72.50% of the companies in the same industry.
A Debt/Equity ratio of 0.68 indicates that RET is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.68, RET perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.17 |
ROIC/WACC0.85
WACC4.96%
2.3 Liquidity
RET has a Current Ratio of 0.43. This is a bad value and indicates that RET is not financially healthy enough and could expect problems in meeting its short term obligations.
RET has a Current ratio (0.43) which is comparable to the rest of the industry.
A Quick Ratio of 0.43 indicates that RET may have some problems paying its short term obligations.
RET's Quick ratio of 0.43 is in line compared to the rest of the industry. RET outperforms 47.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
The earnings per share for RET have decreased strongly by -15.21% in the last year.
The Earnings Per Share has been growing by 9.19% on average over the past years. This is quite good.
Looking at the last year, RET shows a small growth in Revenue. The Revenue has grown by 3.12% in the last year.
Measured over the past years, RET shows a small growth in Revenue. The Revenue has been growing by 5.78% on average per year.
EPS 1Y (TTM)-15.21%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%188.64%
Revenue 1Y (TTM)3.12%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%99.51%
3.2 Future
The Earnings Per Share is expected to decrease by -0.38% on average over the next years.
RET is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.23% yearly.
EPS Next Y0.99%
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
EPS Next 5YN/A
Revenue Next Year3.94%
Revenue Next 2Y3.65%
Revenue Next 3Y1.23%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.88, the valuation of RET can be described as reasonable.
82.50% of the companies in the same industry are more expensive than RET, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.93, RET is valued rather cheaply.
RET is valuated reasonably with a Price/Forward Earnings ratio of 10.09.
Based on the Price/Forward Earnings ratio, RET is valued a bit cheaper than the industry average as 67.50% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 37.78. RET is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.88 | ||
| Fwd PE | 10.09 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates RET does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of RET may justify a higher PE ratio.
PEG (NY)9
PEG (5Y)0.97
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
5. Dividend
5.1 Amount
RET has a Yearly Dividend Yield of 5.46%, which is a nice return.
Compared to an average industry Dividend Yield of 5.55, RET has a dividend in line with its industry peers.
RET's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.46% |
5.2 History
The dividend of RET has a limited annual growth rate of 4.49%.
Dividend Growth(5Y)4.49%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
DP0%
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
EBR:RET (7/29/2025, 5:29:34 PM)
64.7
+0.1 (+0.15%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners17.94%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap972.44M
Analysts73.33
Price Target69.16 (6.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.46% |
Yearly Dividend4.85
Dividend Growth(5Y)4.49%
DP0%
Div Incr Years2
Div Non Decr Years2
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)0.89%
PT rev (3m)1.19%
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 | 8.88 | ||
| Fwd PE | 10.09 | ||
| P/S | 6.12 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.8 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.29
EY11.27%
EPS(NY)6.41
Fwd EY9.91%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS10.58
BVpS81.24
TBVpS80.66
PEG (NY)9
PEG (5Y)0.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 8.74% | ||
| ROCE | 5.62% | ||
| ROIC | 4.22% | ||
| ROICexc | 4.22% | ||
| ROICexgc | 4.24% | ||
| OM | 72.91% | ||
| PM (TTM) | 67.13% | ||
| GM | 77.89% | ||
| FCFM | N/A |
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.99%
ROIC(5y)3.98%
ROICexc(3y)4%
ROICexc(5y)3.99%
ROICexgc(3y)4.01%
ROICexgc(5y)4.01%
ROCE(3y)5.4%
ROCE(5y)5.47%
ROICexcg growth 3Y1.39%
ROICexcg growth 5Y-0.14%
ROICexc growth 3Y1.53%
ROICexc growth 5Y-0.21%
OM growth 3Y-0.98%
OM growth 5Y-0.9%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-1.27%
GM growth 5Y-0.91%
F-ScoreN/A
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 1.17 |
F-ScoreN/A
WACC4.96%
ROIC/WACC0.85
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)-15.21%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%188.64%
EPS Next Y0.99%
EPS Next 2Y1.66%
EPS Next 3Y-0.38%
EPS Next 5YN/A
Revenue 1Y (TTM)3.12%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%99.51%
Revenue Next Year3.94%
Revenue Next 2Y3.65%
Revenue Next 3Y1.23%
Revenue Next 5YN/A
EBIT growth 1Y3.81%
EBIT growth 3Y6.5%
EBIT growth 5Y4.83%
EBIT Next Year10.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A