RETAIL ESTATES (RET.BR) Fundamental Analysis & Valuation

EBR:RET • BE0003720340

65.1 EUR
-1.8 (-2.69%)
Last: Mar 9, 2026, 05:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This RET.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall RET gets a fundamental rating of 5 out of 10. We evaluated RET against 43 industry peers in the Diversified REITs industry. RET scores excellent on profitability, but there are concerns on its financial health. RET has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

8

1. RET.BR Profitability Analysis

1.1 Basic Checks

  • RET had positive earnings in the past year.
  • RET had a positive operating cash flow in the past year.
  • In the past 5 years RET has always been profitable.
  • In the past 5 years RET always reported a positive cash flow from operatings.
RET.BR Yearly Net Income VS EBIT VS OCF VS FCFRET.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 2025 50M 100M 150M

1.2 Ratios

  • RET has a Return On Assets of 5.18%. This is amongst the best in the industry. RET outperforms 83.72% of its industry peers.
  • RET has a Return On Equity of 9.24%. This is amongst the best in the industry. RET outperforms 81.40% of its industry peers.
  • With a decent Return On Invested Capital value of 4.34%, RET is doing good in the industry, outperforming 79.07% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for RET is in line with the industry average of 3.63%.
  • The 3 year average ROIC (3.97%) for RET is below the current ROIC(4.34%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.18%
ROE 9.24%
ROIC 4.34%
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.97%
ROIC(5y)3.97%
RET.BR Yearly ROA, ROE, ROICRET.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 69.77%, RET is doing good in the industry, outperforming 76.74% of the companies in the same industry.
  • In the last couple of years the Profit Margin of RET has grown nicely.
  • The Operating Margin of RET (72.89%) is better than 60.47% of its industry peers.
  • RET's Operating Margin has been stable in the last couple of years.
  • RET has a better Gross Margin (77.87%) than 60.47% of its industry peers.
  • In the last couple of years the Gross Margin of RET has remained more or less at the same level.
Industry RankSector Rank
OM 72.89%
PM (TTM) 69.77%
GM 77.87%
OM growth 3Y-0.81%
OM growth 5Y-0.79%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-0.84%
GM growth 5Y-0.65%
RET.BR Yearly Profit, Operating, Gross MarginsRET.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

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2

2. RET.BR Health Analysis

2.1 Basic Checks

  • RET has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for RET has been increased compared to 1 year ago.
  • The number of shares outstanding for RET has been increased compared to 5 years ago.
  • The debt/assets ratio for RET has been reduced compared to a year ago.
RET.BR Yearly Shares OutstandingRET.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M
RET.BR Yearly Total Debt VS Total AssetsRET.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • RET has an Altman-Z score of 1.12. This is a bad value and indicates that RET is not financially healthy and even has some risk of bankruptcy.
  • RET has a Altman-Z score of 1.12. This is in the better half of the industry: RET outperforms 72.09% of its industry peers.
  • The Debt to FCF ratio of RET is 10.48, which is on the high side as it means it would take RET, 10.48 years of fcf income to pay off all of its debts.
  • RET has a better Debt to FCF ratio (10.48) than 76.74% of its industry peers.
  • RET has a Debt/Equity ratio of 0.66. This is a neutral value indicating RET is somewhat dependend on debt financing.
  • RET's Debt to Equity ratio of 0.66 is in line compared to the rest of the industry. RET outperforms 55.81% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 10.48
Altman-Z 1.12
ROIC/WACC0.87
WACC4.97%
RET.BR Yearly LT Debt VS Equity VS FCFRET.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 0.23 indicates that RET may have some problems paying its short term obligations.
  • The Current ratio of RET (0.23) is worse than 72.09% of its industry peers.
  • A Quick Ratio of 0.23 indicates that RET may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.23, RET is doing worse than 72.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.23
Quick Ratio 0.23
RET.BR Yearly Current Assets VS Current LiabilitesRET.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

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

4

3. RET.BR Growth Analysis

3.1 Past

  • RET shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.17%, which is quite impressive.
  • The Earnings Per Share has been growing by 9.19% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 1.24% in the past year.
  • The Revenue has been growing slightly by 5.78% on average over the past years.
EPS 1Y (TTM)40.17%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%10.12%
Revenue 1Y (TTM)1.24%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%1.96%

3.2 Future

  • Based on estimates for the next years, RET will show a small growth in Earnings Per Share. The EPS will grow by 0.97% on average per year.
  • The Revenue is expected to grow by 3.09% on average over the next years.
EPS Next Y-0.7%
EPS Next 2Y0.78%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue Next Year1.67%
Revenue Next 2Y3.2%
Revenue Next 3Y3.09%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
RET.BR Yearly Revenue VS EstimatesRET.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M
RET.BR Yearly EPS VS EstimatesRET.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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6

4. RET.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.59, the valuation of RET can be described as very reasonable.
  • 88.37% 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 26.29, RET is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.10, the valuation of RET can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of RET indicates a somewhat cheap valuation: RET is cheaper than 72.09% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of RET to the average of the S&P500 Index (24.60), we can say RET is valued rather cheaply.
Industry RankSector Rank
PE 8.59
Fwd PE 10.1
RET.BR Price Earnings VS Forward Price EarningsRET.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, RET is valued a bit cheaper than the industry average as 74.42% of the companies are valued more expensively.
  • RET's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RET is cheaper than 67.44% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.35
EV/EBITDA 16.07
RET.BR Per share dataRET.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • RET has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.93
EPS Next 2Y0.78%
EPS Next 3Y0.97%

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

6

5. RET.BR Dividend Analysis

5.1 Amount

  • RET has a Yearly Dividend Yield of 5.48%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.28, RET has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, RET pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.48%

5.2 History

  • On average, the dividend of RET grows each year by 18.46%, which is quite nice.
Dividend Growth(5Y)18.46%
Div Incr Years2
Div Non Decr Years2
RET.BR Yearly Dividends per shareRET.BR Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

5.3 Sustainability

  • 68.34% of the earnings are spent on dividend by RET. This is not a sustainable payout ratio.
  • The dividend of RET is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP68.34%
EPS Next 2Y0.78%
EPS Next 3Y0.97%
RET.BR Yearly Income VS Free CF VS DividendRET.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
RET.BR Dividend Payout.RET.BR Dividend Payout, showing the Payout Ratio.RET.BR Dividend Payout.PayoutRetained Earnings

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RET.BR Fundamentals: All Metrics, Ratios and Statistics

RETAIL ESTATES

EBR:RET (3/9/2026, 5:29:48 PM)

65.1

-1.8 (-2.69%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-23
Earnings (Next)05-22
Inst Owners17.98%
Inst Owner ChangeN/A
Ins Owners3.98%
Ins Owner ChangeN/A
Market Cap978.45M
Revenue(TTM)160.49M
Net Income(TTM)111.97M
Analysts49.09
Price Target67.93 (4.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.48%
Yearly Dividend4.94
Dividend Growth(5Y)18.46%
DP68.34%
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%
PT rev (3m)-0.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.22%
EPS NY rev (3m)-0.26%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-0.31%
Valuation
Industry RankSector Rank
PE 8.59
Fwd PE 10.1
P/S 6.1
P/FCF 11.35
P/OCF 11.22
P/B 0.81
P/tB 0.81
EV/EBITDA 16.07
EPS(TTM)7.58
EY11.64%
EPS(NY)6.45
Fwd EY9.9%
FCF(TTM)5.73
FCFY8.81%
OCF(TTM)5.8
OCFY8.91%
SpS10.68
BVpS80.58
TBVpS80.03
PEG (NY)N/A
PEG (5Y)0.93
Graham Number117.23
Profitability
Industry RankSector Rank
ROA 5.18%
ROE 9.24%
ROCE 5.79%
ROIC 4.34%
ROICexc 4.35%
ROICexgc 4.37%
OM 72.89%
PM (TTM) 69.77%
GM 77.87%
FCFM 53.7%
ROA(3y)6.59%
ROA(5y)6.11%
ROE(3y)11.91%
ROE(5y)11.53%
ROIC(3y)3.97%
ROIC(5y)3.97%
ROICexc(3y)3.98%
ROICexc(5y)3.98%
ROICexgc(3y)3.99%
ROICexgc(5y)4%
ROCE(3y)5.41%
ROCE(5y)5.47%
ROICexgc growth 3Y0.91%
ROICexgc growth 5Y-0.42%
ROICexc growth 3Y1.06%
ROICexc growth 5Y-0.49%
OM growth 3Y-0.81%
OM growth 5Y-0.79%
PM growth 3Y-13.36%
PM growth 5Y6.76%
GM growth 3Y-0.84%
GM growth 5Y-0.65%
F-Score5
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 10.48
Debt/EBITDA 6.74
Cap/Depr 64.14%
Cap/Sales 0.64%
Interest Coverage 6.38
Cash Conversion 73.55%
Profit Quality 76.98%
Current Ratio 0.23
Quick Ratio 0.23
Altman-Z 1.12
F-Score5
WACC4.97%
ROIC/WACC0.87
Cap/Depr(3y)262.29%
Cap/Depr(5y)286.92%
Cap/Sales(3y)1.85%
Cap/Sales(5y)1.76%
Profit Quality(3y)65.65%
Profit Quality(5y)71.25%
High Growth Momentum
Growth
EPS 1Y (TTM)40.17%
EPS 3Y-10.65%
EPS 5Y9.19%
EPS Q2Q%10.12%
EPS Next Y-0.7%
EPS Next 2Y0.78%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue 1Y (TTM)1.24%
Revenue growth 3Y7.56%
Revenue growth 5Y5.78%
Sales Q2Q%1.96%
Revenue Next Year1.67%
Revenue Next 2Y3.2%
Revenue Next 3Y3.09%
Revenue Next 5YN/A
EBIT growth 1Y2.84%
EBIT growth 3Y6.69%
EBIT growth 5Y4.94%
EBIT Next Year0.85%
EBIT Next 3Y3.22%
EBIT Next 5YN/A
FCF growth 1Y13.61%
FCF growth 3Y6.57%
FCF growth 5Y14.32%
OCF growth 1Y8.91%
OCF growth 3Y5.55%
OCF growth 5Y12.31%

RETAIL ESTATES / RET.BR FAQ

What is the fundamental rating for RET stock?

ChartMill assigns a fundamental rating of 5 / 10 to RET.BR.


What is the valuation status of RETAIL ESTATES (RET.BR) stock?

ChartMill assigns a valuation rating of 6 / 10 to RETAIL ESTATES (RET.BR). This can be considered as Fairly Valued.


Can you provide the profitability details for RETAIL ESTATES?

RETAIL ESTATES (RET.BR) has a profitability rating of 8 / 10.


What is the valuation of RETAIL ESTATES based on its PE and PB ratios?

The Price/Earnings (PE) ratio for RETAIL ESTATES (RET.BR) is 8.59 and the Price/Book (PB) ratio is 0.81.


How sustainable is the dividend of RETAIL ESTATES (RET.BR) stock?

The dividend rating of RETAIL ESTATES (RET.BR) is 6 / 10 and the dividend payout ratio is 68.34%.