WAREHOUSES ESTATES BELGIUM (WEB.BR) Stock Fundamental Analysis
Europe • Euronext Brussels • EBR:WEB • BE0003734481
40 EUR
+0.4 (+1.01%)
Last: Jan 29, 2026, 07:00 PM
We assign a fundamental rating of 4 out of 10 to WEB. WEB was compared to 41 industry peers in the Diversified REITs industry. WEB scores excellent on profitability, but there are concerns on its financial health. WEB has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year WEB was profitable.
- In the past year WEB had a positive cash flow from operations.
- Each year in the past 5 years WEB has been profitable.
- WEB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- WEB has a better Return On Assets (3.22%) than 68.29% of its industry peers.
- WEB has a Return On Equity of 6.36%. This is in the better half of the industry: WEB outperforms 68.29% of its industry peers.
- With an excellent Return On Invested Capital value of 4.70%, WEB belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for WEB is in line with the industry average of 3.37%.
- The last Return On Invested Capital (4.70%) for WEB is above the 3 year average (4.53%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.22% | ||
| ROE | 6.36% | ||
| ROIC | 4.7% |
ROA(3y)3.25%
ROA(5y)3.53%
ROE(3y)6.07%
ROE(5y)6.63%
ROIC(3y)4.53%
ROIC(5y)4.35%
1.3 Margins
- WEB's Profit Margin of 44.23% is in line compared to the rest of the industry. WEB outperforms 58.54% of its industry peers.
- In the last couple of years the Profit Margin of WEB has declined.
- WEB has a Operating Margin of 79.69%. This is in the better half of the industry: WEB outperforms 75.61% of its industry peers.
- WEB's Operating Margin has been stable in the last couple of years.
- With an excellent Gross Margin value of 97.60%, WEB belongs to the best of the industry, outperforming 95.12% of the companies in the same industry.
- WEB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 79.69% | ||
| PM (TTM) | 44.23% | ||
| GM | 97.6% |
OM growth 3Y-2.45%
OM growth 5Y-0.08%
PM growth 3Y-17.16%
PM growth 5Y-4.35%
GM growth 3Y0.85%
GM growth 5Y0.33%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WEB is destroying value.
- WEB has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for WEB has been increased compared to 5 years ago.
- WEB has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.84, we must say that WEB is in the distress zone and has some risk of bankruptcy.
- WEB has a Altman-Z score of 0.84. This is comparable to the rest of the industry: WEB outperforms 46.34% of its industry peers.
- WEB has a debt to FCF ratio of 11.77. This is a negative value and a sign of low solvency as WEB would need 11.77 years to pay back of all of its debts.
- WEB has a Debt to FCF ratio of 11.77. This is comparable to the rest of the industry: WEB outperforms 56.10% of its industry peers.
- WEB has a Debt/Equity ratio of 0.82. This is a neutral value indicating WEB is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.82, WEB is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.9
WACC5.23%
2.3 Liquidity
- WEB has a Current Ratio of 0.33. This is a bad value and indicates that WEB is not financially healthy enough and could expect problems in meeting its short term obligations.
- WEB has a Current ratio (0.33) which is in line with its industry peers.
- WEB has a Quick Ratio of 0.33. This is a bad value and indicates that WEB is not financially healthy enough and could expect problems in meeting its short term obligations.
- WEB has a Quick ratio of 0.33. This is comparable to the rest of the industry: WEB outperforms 46.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 57.18% over the past year.
- The Earnings Per Share has been decreasing by -0.07% on average over the past years.
- WEB shows a small growth in Revenue. In the last year, the Revenue has grown by 4.55%.
- Measured over the past years, WEB shows a small growth in Revenue. The Revenue has been growing by 5.96% on average per year.
EPS 1Y (TTM)57.18%
EPS 3Y-10.85%
EPS 5Y-0.07%
EPS Q2Q%3.01%
Revenue 1Y (TTM)4.55%
Revenue growth 3Y10.18%
Revenue growth 5Y5.96%
Sales Q2Q%2.62%
3.2 Future
- WEB is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.53% yearly.
- WEB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.01% yearly.
EPS Next Y-5.1%
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
EPS Next 5YN/A
Revenue Next Year3.4%
Revenue Next 2Y2.47%
Revenue Next 3Y2.15%
Revenue Next 5Y1.01%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- WEB is valuated correctly with a Price/Earnings ratio of 12.54.
- WEB's Price/Earnings ratio is a bit cheaper when compared to the industry. WEB is cheaper than 60.98% of the companies in the same industry.
- When comparing the Price/Earnings ratio of WEB to the average of the S&P500 Index (28.39), we can say WEB is valued rather cheaply.
- With a Price/Forward Earnings ratio of 11.12, the valuation of WEB can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, WEB is valued a bit cheaper than 60.98% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.72. WEB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.54 | ||
| Fwd PE | 11.12 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, WEB is valued a bit cheaper than 68.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.09 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- WEB has a very decent profitability rating, which may justify a higher PE ratio.
- WEB's earnings are expected to decrease with -2.53% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
5. Dividend
5.1 Amount
- WEB has a Yearly Dividend Yield of 5.89%, which is a nice return.
- WEB's Dividend Yield is a higher than the industry average which is at 5.41.
- WEB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.89% |
5.2 History
- The dividend of WEB has a limited annual growth rate of 1.51%.
Dividend Growth(5Y)1.51%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
- 105.09% of the earnings are spent on dividend by WEB. This is not a sustainable payout ratio.
- WEB's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP105.09%
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
WAREHOUSES ESTATES BELGIUM / WEB.BR FAQ
What is the ChartMill fundamental rating of WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?
ChartMill assigns a fundamental rating of 4 / 10 to WEB.BR.
What is the valuation status of WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?
ChartMill assigns a valuation rating of 5 / 10 to WAREHOUSES ESTATES BELGIUM (WEB.BR). This can be considered as Fairly Valued.
What is the profitability of WEB stock?
WAREHOUSES ESTATES BELGIUM (WEB.BR) has a profitability rating of 7 / 10.
How financially healthy is WAREHOUSES ESTATES BELGIUM?
The financial health rating of WAREHOUSES ESTATES BELGIUM (WEB.BR) is 2 / 10.
What is the expected EPS growth for WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?
The Earnings per Share (EPS) of WAREHOUSES ESTATES BELGIUM (WEB.BR) is expected to decline by -5.1% in the next year.