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WELLTOWER INC (WELL) Stock Fundamental Analysis

NYSE:WELL - New York Stock Exchange, Inc. - US95040Q1040 - REIT - Currency: USD

152.4  +0.49 (+0.32%)

Premarket: 153.1 +0.7 (+0.46%)

Fundamental Rating

5

WELL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. WELL has only an average score on both its financial health and profitability. WELL is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

WELL had positive earnings in the past year.
In the past year WELL had a positive cash flow from operations.
WELL had positive earnings in each of the past 5 years.
In the past 5 years WELL always reported a positive cash flow from operatings.
WELL Yearly Net Income VS EBIT VS OCF VS FCFWELL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

1.2 Ratios

WELL has a better Return On Assets (2.03%) than 67.44% of its industry peers.
WELL has a better Return On Equity (3.19%) than 60.47% of its industry peers.
WELL has a worse Return On Invested Capital (1.94%) than 67.44% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WELL is in line with the industry average of 3.15%.
The last Return On Invested Capital (1.94%) for WELL is above the 3 year average (1.79%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.03%
ROE 3.19%
ROIC 1.94%
ROA(3y)1%
ROA(5y)1.4%
ROE(3y)1.67%
ROE(5y)2.61%
ROIC(3y)1.79%
ROIC(5y)1.78%
WELL Yearly ROA, ROE, ROICWELL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

1.3 Margins

The Profit Margin of WELL (12.65%) is better than 65.12% of its industry peers.
In the last couple of years the Profit Margin of WELL has declined.
Looking at the Operating Margin, with a value of 14.45%, WELL is doing worse than 66.67% of the companies in the same industry.
WELL's Operating Margin has declined in the last couple of years.
WELL has a worse Gross Margin (40.03%) than 83.72% of its industry peers.
In the last couple of years the Gross Margin of WELL has declined.
Industry RankSector Rank
OM 14.45%
PM (TTM) 12.65%
GM 40.03%
OM growth 3Y-2.84%
OM growth 5Y-9.14%
PM growth 3Y18.89%
PM growth 5Y-13.12%
GM growth 3Y-1.59%
GM growth 5Y-3.55%
WELL Yearly Profit, Operating, Gross MarginsWELL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WELL is destroying value.
The number of shares outstanding for WELL has been increased compared to 1 year ago.
Compared to 5 years ago, WELL has more shares outstanding
WELL has a better debt/assets ratio than last year.
WELL Yearly Shares OutstandingWELL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
WELL Yearly Total Debt VS Total AssetsWELL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

WELL has an Altman-Z score of 3.16. This indicates that WELL is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.16, WELL belongs to the best of the industry, outperforming 96.90% of the companies in the same industry.
The Debt to FCF ratio of WELL is 6.47, which is on the high side as it means it would take WELL, 6.47 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 6.47, WELL belongs to the best of the industry, outperforming 96.12% of the companies in the same industry.
WELL has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
WELL's Debt to Equity ratio of 0.47 is amongst the best of the industry. WELL outperforms 90.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 6.47
Altman-Z 3.16
ROIC/WACC0.23
WACC8.61%
WELL Yearly LT Debt VS Equity VS FCFWELL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.3 Liquidity

A Current Ratio of 1.77 indicates that WELL should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.77, WELL is doing good in the industry, outperforming 74.42% of the companies in the same industry.
A Quick Ratio of 1.77 indicates that WELL should not have too much problems paying its short term obligations.
WELL has a Quick ratio of 1.77. This is in the better half of the industry: WELL outperforms 75.19% of its industry peers.
Industry RankSector Rank
Current Ratio 1.77
Quick Ratio 1.77
WELL Yearly Current Assets VS Current LiabilitesWELL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

8

3. Growth

3.1 Past

WELL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 114.81%, which is quite impressive.
Measured over the past years, WELL shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.72% on average per year.
Looking at the last year, WELL shows a very strong growth in Revenue. The Revenue has grown by 23.32%.
Measured over the past years, WELL shows a quite strong growth in Revenue. The Revenue has been growing by 9.31% on average per year.
EPS 1Y (TTM)114.81%
EPS 3Y25.99%
EPS 5Y-10.72%
EPS Q2Q%81.82%
Revenue 1Y (TTM)23.32%
Revenue growth 3Y19%
Revenue growth 5Y9.31%
Sales Q2Q%30.29%

3.2 Future

Based on estimates for the next years, WELL will show a very strong growth in Earnings Per Share. The EPS will grow by 20.90% on average per year.
The Revenue is expected to grow by 17.75% on average over the next years. This is quite good.
EPS Next Y20.38%
EPS Next 2Y23.63%
EPS Next 3Y23.54%
EPS Next 5Y20.9%
Revenue Next Year27.7%
Revenue Next 2Y19.66%
Revenue Next 3Y16.75%
Revenue Next 5Y17.75%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WELL Yearly Revenue VS EstimatesWELL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
WELL Yearly EPS VS EstimatesWELL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3 4 5

2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 87.59 indicates a quite expensive valuation of WELL.
WELL's Price/Earnings is on the same level as the industry average.
WELL's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.32.
A Price/Forward Earnings ratio of 63.91 indicates a quite expensive valuation of WELL.
WELL's Price/Forward Earnings ratio is in line with the industry average.
WELL's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.13.
Industry RankSector Rank
PE 87.59
Fwd PE 63.91
WELL Price Earnings VS Forward Price EarningsWELL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

95.35% of the companies in the same industry are cheaper than WELL, based on the Enterprise Value to EBITDA ratio.
WELL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WELL is cheaper than 65.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF 40.7
EV/EBITDA 36.87
WELL Per share dataWELL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WELL does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as WELL's earnings are expected to grow with 23.54% in the coming years.
PEG (NY)4.3
PEG (5Y)N/A
EPS Next 2Y23.63%
EPS Next 3Y23.54%

2

5. Dividend

5.1 Amount

WELL has a Yearly Dividend Yield of 1.76%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.77, WELL's dividend is way lower than its industry peers. On top of this 86.82% of the companies listed in the same industry pay a better dividend than WELL!
WELL's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
Industry RankSector Rank
Dividend Yield 1.76%

5.2 History

The dividend of WELL decreases each year by -6.09%.
WELL has paid a dividend for at least 10 years, which is a reliable track record.
WELL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.09%
Div Incr Years1
Div Non Decr Years3
WELL Yearly Dividends per shareWELL Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

150.16% of the earnings are spent on dividend by WELL. This is not a sustainable payout ratio.
DP150.16%
EPS Next 2Y23.63%
EPS Next 3Y23.54%
WELL Yearly Income VS Free CF VS DividendWELL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
WELL Dividend Payout.WELL Dividend Payout, showing the Payout Ratio.WELL Dividend Payout.PayoutRetained Earnings

WELLTOWER INC

NYSE:WELL (6/13/2025, 8:04:00 PM)

Premarket: 153.1 +0.7 (+0.46%)

152.4

+0.49 (+0.32%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-28 2025-04-28/amc
Earnings (Next)07-28 2025-07-28/amc
Inst Owners99.14%
Inst Owner Change3.21%
Ins Owners0.04%
Ins Owner Change1.21%
Market Cap99.66B
Analysts84
Price Target172.5 (13.19%)
Short Float %1.93%
Short Ratio3.91
Dividend
Industry RankSector Rank
Dividend Yield 1.76%
Yearly Dividend2.58
Dividend Growth(5Y)-6.09%
DP150.16%
Div Incr Years1
Div Non Decr Years3
Ex-Date05-14 2025-05-14 (0.67)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-27.98%
Min EPS beat(2)-54.71%
Max EPS beat(2)-1.25%
EPS beat(4)2
Avg EPS beat(4)13.68%
Min EPS beat(4)-54.71%
Max EPS beat(4)90%
EPS beat(8)4
Avg EPS beat(8)5.28%
EPS beat(12)5
Avg EPS beat(12)-18.88%
EPS beat(16)6
Avg EPS beat(16)-12.47%
Revenue beat(2)2
Avg Revenue beat(2)2.58%
Min Revenue beat(2)1.3%
Max Revenue beat(2)3.87%
Revenue beat(4)3
Avg Revenue beat(4)0.6%
Min Revenue beat(4)-5.1%
Max Revenue beat(4)3.87%
Revenue beat(8)6
Avg Revenue beat(8)1.41%
Revenue beat(12)7
Avg Revenue beat(12)0.82%
Revenue beat(16)11
Avg Revenue beat(16)1.49%
PT rev (1m)0.63%
PT rev (3m)7.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.62%
EPS NY rev (1m)0%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)1.34%
Revenue NQ rev (3m)5.42%
Revenue NY rev (1m)1.08%
Revenue NY rev (3m)4.17%
Valuation
Industry RankSector Rank
PE 87.59
Fwd PE 63.91
P/S 11.65
P/FCF 40.7
P/OCF 40.7
P/B 2.93
P/tB 2.95
EV/EBITDA 36.87
EPS(TTM)1.74
EY1.14%
EPS(NY)2.38
Fwd EY1.56%
FCF(TTM)3.74
FCFY2.46%
OCF(TTM)3.74
OCFY2.46%
SpS13.08
BVpS51.93
TBVpS51.62
PEG (NY)4.3
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.03%
ROE 3.19%
ROCE 2.45%
ROIC 1.94%
ROICexc 2.08%
ROICexgc 2.09%
OM 14.45%
PM (TTM) 12.65%
GM 40.03%
FCFM 28.62%
ROA(3y)1%
ROA(5y)1.4%
ROE(3y)1.67%
ROE(5y)2.61%
ROIC(3y)1.79%
ROIC(5y)1.78%
ROICexc(3y)1.88%
ROICexc(5y)1.85%
ROICexgc(3y)1.88%
ROICexgc(5y)1.85%
ROCE(3y)2.26%
ROCE(5y)2.25%
ROICexcg growth 3Y4.53%
ROICexcg growth 5Y-7.23%
ROICexc growth 3Y4.48%
ROICexc growth 5Y-7.26%
OM growth 3Y-2.84%
OM growth 5Y-9.14%
PM growth 3Y18.89%
PM growth 5Y-13.12%
GM growth 3Y-1.59%
GM growth 5Y-3.55%
F-Score6
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 6.47
Debt/EBITDA 5.21
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.16
Cash Conversion 80.62%
Profit Quality 226.2%
Current Ratio 1.77
Quick Ratio 1.77
Altman-Z 3.16
F-Score6
WACC8.61%
ROIC/WACC0.23
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)549.7%
Profit Quality(5y)433.6%
High Growth Momentum
Growth
EPS 1Y (TTM)114.81%
EPS 3Y25.99%
EPS 5Y-10.72%
EPS Q2Q%81.82%
EPS Next Y20.38%
EPS Next 2Y23.63%
EPS Next 3Y23.54%
EPS Next 5Y20.9%
Revenue 1Y (TTM)23.32%
Revenue growth 3Y19%
Revenue growth 5Y9.31%
Sales Q2Q%30.29%
Revenue Next Year27.7%
Revenue Next 2Y19.66%
Revenue Next 3Y16.75%
Revenue Next 5Y17.75%
EBIT growth 1Y9.94%
EBIT growth 3Y15.62%
EBIT growth 5Y-0.68%
EBIT Next Year200.24%
EBIT Next 3Y57.73%
EBIT Next 5Y34.03%
FCF growth 1Y77.39%
FCF growth 3Y20.95%
FCF growth 5Y8%
OCF growth 1Y77.39%
OCF growth 3Y20.95%
OCF growth 5Y8%