WAREHOUSES ESTATES BELGIUM (WEB.BR) Stock Fundamental Analysis
Europe - EBR:WEB - BE0003734481 - REIT
37 EUR
+0.4 (+1.09%)
Overall WEB gets a fundamental rating of 4 out of 10. We evaluated WEB against 40 industry peers in the Diversified REITs industry. While WEB has a great profitability rating, there are quite some 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.
WEB had a positive operating cash flow in the past year.
In the past 5 years WEB has always been profitable.
WEB had a positive operating cash flow in each of the past 5 years.
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 67.50% of the companies in the same industry.
WEB has a Return On Equity of 6.36%. This is in the better half of the industry: WEB outperforms 70.00% of its industry peers.
WEB's Return On Invested Capital of 4.70% is amongst the best of the industry. WEB outperforms 85.00% 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 3.49%.
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 has a Profit Margin of 44.23%. This is comparable to the rest of the industry: WEB outperforms 60.00% of its industry peers.
In the last couple of years the Profit Margin of WEB has declined.
With a decent Operating Margin value of 79.69%, WEB is doing good in the industry, outperforming 77.50% of the companies in the same industry.
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 95.00% 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 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
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.
2.2 Solvency
WEB has an Altman-Z score of 0.79. 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 (0.79) which is in line with 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.
Looking at the Debt to FCF ratio, with a value of 11.77, WEB is in line with its industry, outperforming 57.50% of the companies in the same industry.
A Debt/Equity ratio of 0.82 indicates that WEB is somewhat dependend on debt financing.
WEB's Debt to Equity ratio of 0.82 is on the low side compared to the rest of the industry. WEB is outperformed by 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.79 |
ROIC/WACC0.92
WACC5.1%
2.3 Liquidity
A Current Ratio of 0.33 indicates that WEB may have some problems paying its short term obligations.
WEB has a worse Current ratio (0.33) than 62.50% of 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.
The Quick ratio of WEB (0.33) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
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.
Measured over the past years, WEB shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.07% on average per year.
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 -0.60% 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-3.83%
EPS Next 2Y-1.54%
EPS Next 3Y-0.6%
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.
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
A Price/Earnings ratio of 11.60 indicates a reasonable valuation of WEB.
Based on the Price/Earnings ratio, WEB is valued a bit cheaper than 70.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.10, WEB is valued rather cheaply.
A Price/Forward Earnings ratio of 9.64 indicates a reasonable valuation of WEB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WEB indicates a somewhat cheap valuation: WEB is cheaper than 77.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, WEB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 9.64 |
4.2 Price Multiples
72.50% of the companies in the same industry are more expensive than WEB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.33 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of WEB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.54%
EPS Next 3Y-0.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.41%, WEB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.85, WEB pays a bit more dividend than its industry peers.
WEB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.41% |
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.
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-1.54%
EPS Next 3Y-0.6%
EBR:WEB (10/31/2025, 7:00:00 PM)
37
+0.4 (+1.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners2.94%
Inst Owner ChangeN/A
Ins Owners2.32%
Ins Owner ChangeN/A
Market Cap129.50M
Revenue(TTM)25.24M
Net Income(TTM)11.17M
Analysts47.5
Price Target40.8 (10.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.41% |
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)-0.58%
Revenue NY rev (3m)-0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 9.64 | ||
| P/S | 5.13 | ||
| P/FCF | 9.33 | ||
| P/OCF | 7.16 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.19
EY8.62%
EPS(NY)3.84
Fwd EY10.37%
FCF(TTM)3.96
FCFY10.71%
OCF(TTM)5.17
OCFY13.97%
SpS7.21
BVpS50.17
TBVpS50.17
PEG (NY)N/A
PEG (5Y)N/A
Graham Number60.01
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.79 |
F-Score5
WACC5.1%
ROIC/WACC0.92
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-3.83%
EPS Next 2Y-1.54%
EPS Next 3Y-0.6%
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 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 for WEB 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.
What are the PE and PB ratios of WAREHOUSES ESTATES BELGIUM (WEB.BR) stock?
The Price/Earnings (PE) ratio for WAREHOUSES ESTATES BELGIUM (WEB.BR) is 11.6 and the Price/Book (PB) ratio is 0.74.
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 -3.83% in the next year.