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Belgian Resources and Capital

ENXTBR:BELR
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BELR
ENXTBR
€33M
Market Cap
  1. Home
  2. BE
  3. Real Estate
Company description

Belgian Resources and Capital Company primarily invests in listed and unlisted securities in Belgium. The last earnings update was 147 days ago. More info.


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BELR Share Price and Events
7 Day Returns
-3.7%
ENXTBR:BELR
-1.9%
BE Real Estate
2.4%
BE Market
1 Year Returns
0%
ENXTBR:BELR
18.5%
BE Real Estate
-6.7%
BE Market
BELR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Belgian Resources and Capital (BELR) -3.7% -3.7% -3.7% 0% 10.2% 9.4%
BE Real Estate -1.9% 1.8% 5.1% 18.5% 52.6% 100.1%
BE Market 2.4% 3.6% 4.2% -6.7% -10.8% 4.2%
1 Year Return vs Industry and Market
  • BELR underperformed the Real Estate industry which returned 18.5% over the past year.
  • BELR outperformed the Market in Belgium which returned -6.7% over the past year.
Price Volatility
BELR
Industry
5yr Volatility vs Market
Related Companies

BELR Value

 Is Belgian Resources and Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Belgian Resources and Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Belgian Resources and Capital.

ENXTBR:BELR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2018-12-31) in EUR € 3.100000
Payout Ratio Company Filings (2018-12-31) 0%
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTBR:BELR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6.8%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 29%) (0%))
1.344
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (1.344 * 6.8%)
9.91%

Discounted Cash Flow Calculation for ENXTBR:BELR using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Belgian Resources and Capital is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ENXTBR:BELR Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €3.1 / (9.91% - 0.77%)
€33.92
ENXTBR:BELR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €33.92
Current discount Discount to share price of €105.00
= -1 x (€105.00 - €33.92) / €33.92
-209.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Belgian Resources and Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Belgian Resources and Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Belgian Resources and Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:BELR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-1.14
ENXTBR:BELR Share Price ** ENXTBR (2019-06-24) in EUR €105
Belgium Real Estate Industry PE Ratio Median Figure of 6 Publicly-Listed Real Estate Companies 11.21x
Belgium Market PE Ratio Median Figure of 87 Publicly-Listed Companies 14.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Belgian Resources and Capital.

ENXTBR:BELR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:BELR Share Price ÷ EPS (both in EUR)

= 105 ÷ -1.14

-92.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belgian Resources and Capital is loss making, we can't compare its value to the BE Real Estate industry average.
  • Belgian Resources and Capital is loss making, we can't compare the value of its earnings to the Belgium market.
Price based on expected Growth
Does Belgian Resources and Capital's expected growth come at a high price?
Raw Data
ENXTBR:BELR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -92.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
31.8%per year
Europe Real Estate Industry PEG Ratio Median Figure of 91 Publicly-Listed Real Estate Companies -0.17x
Belgium Market PEG Ratio Median Figure of 39 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Belgian Resources and Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Belgian Resources and Capital's assets?
Raw Data
ENXTBR:BELR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €123.32
ENXTBR:BELR Share Price * ENXTBR (2019-06-24) in EUR €105
Belgium Real Estate Industry PB Ratio Median Figure of 10 Publicly-Listed Real Estate Companies 1.4x
Belgium Market PB Ratio Median Figure of 120 Publicly-Listed Companies 1.53x
ENXTBR:BELR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:BELR Share Price ÷ Book Value per Share (both in EUR)

= 105 ÷ 123.32

0.85x

* Primary Listing of Belgian Resources and Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belgian Resources and Capital is good value based on assets compared to the BE Real Estate industry average.
X
Value checks
We assess Belgian Resources and Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Belgian Resources and Capital has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BELR Future Performance

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

  • No analysts cover Belgian Resources and Capital, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Belgian Resources and Capital expected to grow at an attractive rate?
  • Belgian Resources and Capital's earnings growth is expected to exceed the low risk savings rate of 0.8%.
Growth vs Market Checks
  • Belgian Resources and Capital's earnings growth is expected to exceed the Belgium market average.
  • Unable to compare Belgian Resources and Capital's revenue growth to the Belgium market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTBR:BELR Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:BELR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 31.8%
Belgium Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 2.3%
Europe Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTBR:BELR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:BELR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 0
2018-09-30 2
2018-06-30 5
2018-03-31 6
2017-12-31 7
2017-09-30 5
2017-06-30 3
2017-03-31 2
2016-12-31 1
2016-09-30 1
2016-06-30 2
2016-03-31 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Belgian Resources and Capital's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Belgian Resources and Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:BELR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Belgian Resources and Capital Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:BELR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -1.14
2018-09-30 6.91
2018-06-30 14.96
2018-03-31 18.17
2017-12-31 21.38
2017-09-30 15.05
2017-06-30 8.72
2017-03-31 6.06
2016-12-31 3.41
2016-09-30 4.67
2016-06-30 5.93
2016-03-31 10.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Belgian Resources and Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Belgian Resources and Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Belgium market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Belgian Resources and Capital has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BELR Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Belgian Resources and Capital's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Belgian Resources and Capital does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Belgian Resources and Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Belgian Resources and Capital's 1-year growth to the BE Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Belgian Resources and Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Belgian Resources and Capital Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:BELR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.36
2018-09-30 2.18
2018-06-30 4.72
2018-03-31 5.73
2017-12-31 6.75
2017-09-30 4.75
2017-06-30 2.75
2017-03-31 1.91
2016-12-31 1.07
2016-09-30 1.47
2016-06-30 1.87
2016-03-31 3.31
2015-12-31 4.74
2015-09-30 4.38
2015-06-30 4.02
2015-03-31 3.68
2014-12-31 3.34
2014-09-30 0.02 3.45
2014-06-30 0.04 3.56
2014-03-31 0.04 3.66
2013-12-31 0.04 3.76
2013-09-30 0.02 3.92
2013-06-30 4.09
2013-03-31 2.92
2012-12-31 1.74
2012-09-30 1.04
2012-06-30 0.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Belgian Resources and Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Belgian Resources and Capital has efficiently used its assets last year compared to the BE Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Belgian Resources and Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Belgian Resources and Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Belgian Resources and Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BELR Health

 How is Belgian Resources and Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Belgian Resources and Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Belgian Resources and Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Belgian Resources and Capital has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Belgian Resources and Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Belgian Resources and Capital has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Belgian Resources and Capital Company Filings, last reported 5 months ago.

ENXTBR:BELR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 38.92 0.00 0.78
2018-09-30 38.92 0.00 0.78
2018-06-30 40.58 0.00 0.41
2018-03-31 40.58 0.00 0.41
2017-12-31 40.26 0.00 0.79
2017-09-30 40.26 0.00 0.79
2017-06-30 36.81 0.00 4.69
2017-03-31 36.81 0.00 4.69
2016-12-31 34.46 0.00 5.48
2016-09-30 34.46 0.00 5.48
2016-06-30 34.91 0.00 4.93
2016-03-31 34.91 0.00 4.93
2015-12-31 34.23 0.00 5.50
2015-09-30 34.23 0.00 5.50
2015-06-30 33.84 0.00 5.62
2015-03-31 33.84 0.00 5.62
2014-12-31 30.29 0.00 5.18
2014-09-30 30.29 0.00 5.18
2014-06-30 30.59 0.00 4.50
2014-03-31 30.59 0.00 4.50
2013-12-31 27.72 0.00 4.40
2013-09-30 27.72 0.00 4.40
2013-06-30 27.79 0.00 3.90
2013-03-31 27.79 0.00 3.90
2012-12-31 24.72 0.00 4.08
2012-09-30 24.72 0.00 4.08
2012-06-30 24.45 0.00 3.71
  • Belgian Resources and Capital has no debt.
  • Belgian Resources and Capital has not taken on any debt in the past 5 years.
  • Belgian Resources and Capital has no debt, it does not need to be covered by operating cash flow.
  • Belgian Resources and Capital has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Belgian Resources and Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Belgian Resources and Capital has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BELR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.95%
Current annual income from Belgian Resources and Capital dividends.
If you bought €2,000 of Belgian Resources and Capital shares you are expected to receive €59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Belgian Resources and Capital's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.46%).
  • Belgian Resources and Capital's dividend is below the markets top 25% of dividend payers in Belgium (4.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTBR:BELR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Belgium Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.9%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.6%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.2%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.5%
Belgium Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTBR:BELR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-01-28 3.100 2.849
2018-02-06 3.000 2.788
2017-03-13 2.700 2.552
2016-01-28 2.550 2.656
2015-04-01 2.440 2.568
2014-05-19 2.400 2.533
2013-01-17 2.370 2.647
2012-01-30 2.250 2.751
2011-01-21 2.200 2.780
2010-02-24 2.150 2.828

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Belgian Resources and Capital has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Belgian Resources and Capital only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Belgian Resources and Capital's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Belgian Resources and Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Belgian Resources and Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Belgian Resources and Capital has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BELR Management

 What is the CEO of Belgian Resources and Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Van de Put
COMPENSATION €10,000
CEO Bio

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

CEO Compensation
  • Insufficient data for Eric to compare compensation growth.
  • Eric's remuneration is lower than average for companies of similar size in Belgium.
Management Team

Eric Van de Put

TITLE
Chairman and Chief Executive Officer
COMPENSATION
€10K
Board of Directors

Eric Van de Put

TITLE
Chairman and Chief Executive Officer
COMPENSATION
€10K

Michel Van de Put

TITLE
Director
COMPENSATION
€10K

Didier Gillès de Pélichy

TITLE
Independent Director
COMPENSATION
€10K

Caroline Van De Put

TITLE
Director
AGE
29
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Belgian Resources and Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Belgian Resources and Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BELR News

Simply Wall St News

Something To Consider Before Buying Belgian Resources and Capital Company (EBR:BELR) For The 3.1% Dividend

Dividend paying stocks like Belgian Resources and Capital Company (EBR:BELR) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Some simple analysis can reduce the risk of holding Belgian Resources and Capital for its dividend, and we'll focus on the most important aspects below. … Belgian Resources and Capital is paying out a dividend despite reporting a loss; clearly a concern.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Belgian Resources and Capital Company (EBR:BELR)

To keep it practical, we'll show how Belgian Resources and Capital Company's (EBR:BELR) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Belgian Resources and Capital's P/E ratio is 7.29. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Buy Belgian Resources and Capital Company (EBR:BELR) For Its Dividend?

Historically, Belgian Resources and Capital Company (EBR:BELR) has paid dividends to shareholders, and these days it yields 2.9%. … Does Belgian Resources and Capital tick all the boxes of a great dividend stock? … Check out our latest analysis for Belgian Resources and Capital

Simply Wall St -

Is Belgian Resources and Capital Company (EBR:BELR) A Great Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Belgian Resources and Capital Company (EBR:BELR) has returned to shareholders over the past 10 years, an average dividend yield of 3.00% annually. … Does Belgian Resources and Capital tick all the boxes of a great dividend stock?

Simply Wall St -

Should You Be Tempted To Buy Belgian Resources and Capital Company (EBR:BELR) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BELR Price per share = €103 Earnings per share = €21.381 ∴ Price-Earnings Ratio = €103 ÷ €21.381 = 4.8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … BELR’s P/E of 4.8x is lower than its industry peers (12.6x), which implies that each dollar of BELR’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with BELR, then BELR’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

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Before You Buy Belgian Resources and Capital Company's (EBR:BELR), Consider This

Generally, an investor should consider two types of risk that impact the market value of BELR. … Based on this beta value, BELR appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … BELR, with its market capitalisation of €33.14M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Belgian Resources and Capital Company (EBR:BELR): Can It Deliver A Superior ROE To The Industry?

See our latest analysis for Belgian Resources and Capital Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs Belgian Resources and Capital’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Belgian Resources and Capital’s equity capital deployed. … This means Belgian Resources and Capital’s returns actually do not cover its own cost of equity, with a discrepancy of -0.87%.

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BELR Company Info

Description

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.

Details
Name: Belgian Resources and Capital Company
BELR
Exchange: ENXTBR
Founded: 1976
€33,137,370
315,594
Website: http://www.belreca.be
Address: Belgian Resources and Capital Company
Van Putlei 74/76,
Antwerp,
Antwerp, 2018,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR BELR Bearer Shares Euronext Brussels BE EUR 28. Jan 1992
BATS-CHIXE BELRB Bearer Shares BATS 'Chi-X Europe' GB EUR 28. Jan 1992
Number of employees
Current staff
Staff numbers
0
Belgian Resources and Capital employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 20:44
End of day share price update: 2019/06/24 00:00
Last earnings filing: 2019/01/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.