WAREHOUSES ESTATES BELGIUM (WEB.BR) Fundamental Analysis & Valuation

EBR:WEB • BE0003734481

Current stock price

38.8 EUR
-0.6 (-1.52%)
Last:

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

7

1. WEB.BR Profitability Analysis

1.1 Basic Checks

  • WEB had positive earnings in the past year.
  • In the past year WEB had a positive cash flow from operations.
  • WEB had positive earnings in each of the past 5 years.
  • In the past 5 years WEB always reported a positive cash flow from operatings.
WEB.BR Yearly Net Income VS EBIT VS OCF VS FCFWEB.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 5M 10M 15M 20M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.22%, WEB is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 6.36%, WEB is in the better half of the industry, outperforming 61.90% of the companies in the same industry.
  • WEB has a better Return On Invested Capital (4.70%) than 85.71% of its industry peers.
  • WEB had an Average Return On Invested Capital over the past 3 years of 4.53%. This is in line with the industry average of 3.64%.
  • 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 RankSector 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%
WEB.BR Yearly ROA, ROE, ROICWEB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With a Profit Margin value of 44.23%, WEB perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
  • 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 76.19% of its industry peers.
  • In the last couple of years the Operating Margin of WEB has remained more or less at the same level.
  • WEB has a better Gross Margin (97.60%) than 92.86% of its industry peers.
  • In the last couple of years the Gross Margin of WEB has remained more or less at the same level.
Industry RankSector 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%
WEB.BR Yearly Profit, Operating, Gross MarginsWEB.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

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2

2. WEB.BR Health Analysis

2.1 Basic Checks

  • WEB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, WEB has more shares outstanding
  • Compared to 5 years ago, WEB has more shares outstanding
  • Compared to 1 year ago, WEB has an improved debt to assets ratio.
WEB.BR Yearly Shares OutstandingWEB.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M
WEB.BR Yearly Total Debt VS Total AssetsWEB.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • WEB has an Altman-Z score of 0.83. This is a bad value and indicates that WEB is not financially healthy and even has some risk of bankruptcy.
  • WEB has a Altman-Z score of 0.83. This is comparable to the rest of the industry: WEB outperforms 42.86% of its industry peers.
  • The Debt to FCF ratio of WEB is 11.77, which is on the high side as it means it would take WEB, 11.77 years of fcf income to pay off all of its debts.
  • WEB has a better Debt to FCF ratio (11.77) than 64.29% of its industry peers.
  • A Debt/Equity ratio of 0.82 indicates that WEB is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.82, WEB is doing worse than 69.05% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 11.77
Altman-Z 0.83
ROIC/WACC0.91
WACC5.18%
WEB.BR Yearly LT Debt VS Equity VS FCFWEB.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

2.3 Liquidity

  • A Current Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
  • With a Current ratio value of 0.33, WEB perfoms like the industry average, outperforming 40.48% of the companies in the same industry.
  • A Quick Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.33, WEB is in line with its industry, outperforming 45.24% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.33
Quick Ratio 0.33
WEB.BR Yearly Current Assets VS Current LiabilitesWEB.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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3

3. WEB.BR Growth Analysis

3.1 Past

  • WEB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 57.18%, which is quite impressive.
  • The Earnings Per Share has been decreasing by -0.07% on average over the past years.
  • The Revenue has been growing slightly by 4.55% in the past year.
  • WEB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.96% yearly.
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.
  • Based on estimates for the next years, WEB will show a small growth in Revenue. The Revenue will grow by 1.01% on average per year.
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.
WEB.BR Yearly Revenue VS EstimatesWEB.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5M 10M 15M 20M 25M
WEB.BR Yearly EPS VS EstimatesWEB.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 1 2 3

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5

4. WEB.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • WEB is valuated correctly with a Price/Earnings ratio of 12.16.
  • 61.90% of the companies in the same industry are more expensive than WEB, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of WEB to the average of the S&P500 Index (25.50), we can say WEB is valued rather cheaply.
  • The Price/Forward Earnings ratio is 10.79, which indicates a very decent valuation of WEB.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WEB is on the same level as its industry peers.
  • WEB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.67.
Industry RankSector Rank
PE 12.16
Fwd PE 10.79
WEB.BR Price Earnings VS Forward Price EarningsWEB.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 Price/Free Cash Flow ratio, WEB is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.79
EV/EBITDA N/A
WEB.BR Per share dataWEB.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • WEB has a very decent profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as WEB's earnings are expected to decrease with -2.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%

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

4

5. WEB.BR Dividend Analysis

5.1 Amount

  • WEB has a Yearly Dividend Yield of 5.92%, which is a nice return.
  • WEB's Dividend Yield is comparable with the industry average which is at 5.52.
  • Compared to an average S&P500 Dividend Yield of 1.89, WEB pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.92%

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
WEB.BR Yearly Dividends per shareWEB.BR Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 105.09% of the earnings are spent on dividend by WEB. This is not a sustainable payout ratio.
  • The Dividend Rate of WEB has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP105.09%
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
WEB.BR Yearly Income VS Free CF VS DividendWEB.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
WEB.BR Dividend Payout.WEB.BR Dividend Payout, showing the Payout Ratio.WEB.BR Dividend Payout.PayoutRetained Earnings

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WEB.BR Fundamentals: All Metrics, Ratios and Statistics

WAREHOUSES ESTATES BELGIUM

EBR:WEB (3/24/2026, 7:00:00 PM)

38.8

-0.6 (-1.52%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)09-26
Earnings (Next)N/A
Inst Owners2.94%
Inst Owner ChangeN/A
Ins Owners2.32%
Ins Owner ChangeN/A
Market Cap135.80M
Revenue(TTM)25.24M
Net Income(TTM)11.17M
Analysts47.5
Price Target40.8 (5.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.92%
Yearly Dividend3.18
Dividend Growth(5Y)1.51%
DP105.09%
Div Incr Years2
Div Non Decr Years3
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 RankSector Rank
PE 12.16
Fwd PE 10.79
P/S 5.38
P/FCF 9.79
P/OCF 7.51
P/B 0.77
P/tB 0.77
EV/EBITDA N/A
EPS(TTM)3.19
EY8.22%
EPS(NY)3.6
Fwd EY9.27%
FCF(TTM)3.96
FCFY10.22%
OCF(TTM)5.17
OCFY13.32%
SpS7.21
BVpS50.17
TBVpS50.17
PEG (NY)N/A
PEG (5Y)N/A
Graham Number60.01
Profitability
Industry RankSector Rank
ROA 3.22%
ROE 6.36%
ROCE 6.27%
ROIC 4.7%
ROICexc 4.71%
ROICexgc 4.71%
OM 79.69%
PM (TTM) 44.23%
GM 97.6%
FCFM 54.96%
ROA(3y)3.25%
ROA(5y)3.53%
ROE(3y)6.07%
ROE(5y)6.63%
ROIC(3y)4.53%
ROIC(5y)4.35%
ROICexc(3y)4.54%
ROICexc(5y)4.36%
ROICexgc(3y)4.54%
ROICexgc(5y)4.36%
ROCE(3y)6.04%
ROCE(5y)5.8%
ROICexgc growth 3Y1.91%
ROICexgc growth 5Y0.31%
ROICexc growth 3Y1.91%
ROICexc growth 5Y0.31%
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%
F-Score5
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 11.77
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 16.68%
Interest Coverage 4.17
Cash Conversion N/A
Profit Quality 124.25%
Current Ratio 0.33
Quick Ratio 0.33
Altman-Z 0.83
F-Score5
WACC5.18%
ROIC/WACC0.91
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)18.54%
Cap/Sales(5y)19.6%
Profit Quality(3y)119.43%
Profit Quality(5y)100.63%
High Growth Momentum
Growth
EPS 1Y (TTM)57.18%
EPS 3Y-10.85%
EPS 5Y-0.07%
EPS Q2Q%3.01%
EPS Next Y-5.1%
EPS Next 2Y-4.7%
EPS Next 3Y-2.53%
EPS Next 5YN/A
Revenue 1Y (TTM)4.55%
Revenue growth 3Y10.18%
Revenue growth 5Y5.96%
Sales Q2Q%2.62%
Revenue Next Year3.4%
Revenue Next 2Y2.47%
Revenue Next 3Y2.15%
Revenue Next 5Y1.01%
EBIT growth 1Y3.29%
EBIT growth 3Y7.48%
EBIT growth 5Y5.88%
EBIT Next Year12.43%
EBIT Next 3Y3.98%
EBIT Next 5YN/A
FCF growth 1Y19.35%
FCF growth 3Y7.44%
FCF growth 5Y103.09%
OCF growth 1Y13.02%
OCF growth 3Y7.75%
OCF growth 5Y13.41%

WAREHOUSES ESTATES BELGIUM / WEB.BR Fundamental Analysis 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.