ENXTBR:BELR

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Belgian Resources and Capital

Executive Summary

Belgian Resources and Capital Company primarily invests in listed and unlisted securities in Belgium.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Belgian Resources and Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BELR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

BELR

2.5%

BE Real Estate

0.1%

BE Market


1 Year Return

n/a

BELR

15.4%

BE Real Estate

-18.5%

BE Market

Return vs Industry: Insufficient data to determine how BELR performed against the Belgian Real Estate industry.

Return vs Market: Insufficient data to determine how BELR performed against the Belgian Market.


Shareholder returns

BELRIndustryMarket
7 Day1.0%2.5%0.1%
30 Day1.0%4.8%3.6%
90 Day6.0%9.7%10.7%
1 Yearn/a18.4%15.4%-17.2%-18.5%
3 Year8.8%2.0%65.8%52.9%-24.1%-28.7%
5 Year26.2%11.6%193.4%166.6%-25.1%-33.1%

Price Volatility Vs. Market

How volatile is Belgian Resources and Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Belgian Resources and Capital undervalued compared to its fair value and its price relative to the market?

67.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BELR (€106) is trading above our estimate of fair value (€28.64)

Significantly Below Fair Value: BELR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BELR is poor value based on its PE Ratio (67.1x) compared to the BE Real Estate industry average (9.3x).

PE vs Market: BELR is poor value based on its PE Ratio (67.1x) compared to the Belgian market (14.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BELR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BELR is good value based on its PB Ratio (0.8x) compared to the BE Real Estate industry average (1.2x).


Next Steps

Future Growth

How is Belgian Resources and Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.7%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Belgian Resources and Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Belgian Resources and Capital performed over the past 5 years?

-89.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BELR has a large one-off loss of €544.7K impacting its June 30 2019 financial results.

Growing Profit Margin: Insufficient data to determine if BELR's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BELR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: BELR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BELR had negative earnings growth (-89.4%) over the past year, making it difficult to compare to the Real Estate industry average (7.4%).


Return on Equity

High ROE: BELR's Return on Equity (1.2%) is considered low.


Next Steps

Financial Health

How is Belgian Resources and Capital's financial position?


Financial Position Analysis

Short Term Liabilities: BELR's short term assets (€1.0M) exceed its short term liabilities (€840.0).

Long Term Liabilities: BELR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BELR is debt free.

Reducing Debt: BELR has not had any debt for past 5 years.

Debt Coverage: BELR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BELR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Belgian Resources and Capital current dividend yield, its reliability and sustainability?

2.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BELR's dividend (2.92%) is higher than the bottom 25% of dividend payers in the Belgian market (2.54%).

High Dividend: BELR's dividend (2.92%) is low compared to the top 25% of dividend payers in the Belgian market (5.52%).


Stability and Growth of Payments

Stable Dividend: BELR's dividends per share have been stable in the past 10 years.

Growing Dividend: BELR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (196.2%), BELR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

€10k

CEO Compensation


CEO

Eric Van de Put

no data

Tenure

€10,000

Compensation

Mr. Eric Van de Put serves as Chief Executive Officer and Chairman at Belgian Resources and Capital Company. 


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Belgian Resources and Capital Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Belgian Resources and Capital Company
  • Ticker: BELR
  • Exchange: ENXTBR
  • Founded: 1976
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: €33.453m
  • Shares outstanding: 315.59k
  • Website: https://www.belreca.be

Location

  • Belgian Resources and Capital Company
  • Van Putlei 74/76
  • Antwerp
  • Antwerp
  • 2018
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BELRENXTBR (Euronext Brussels)YesBearer SharesBEEURJan 1992
BELRBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992

Biography

Belgian Resources and Capital Company primarily invests in listed and unlisted securities in Belgium. The company was formerly known as The Belgian Real Estate Company of Canada Ltd. and changed its name to Belgian Resources and Capital Company in November 2000. Belgian Resources and Capital Company was founded in 1976 and is based in Antwerp, Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:05
End of Day Share Price2020/07/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.