Qrf Comm. VA is a publicly owned real estate investment trust.
+ 1 more risk
Average dividend payer and fair value.
Share Price & News
How has Qrf Comm. VA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QRF's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: QRF underperformed the Belgian REITs industry which returned -4.7% over the past year.
Return vs Market: QRF underperformed the Belgian Market which returned -28.6% over the past year.
Price Volatility Vs. Market
How volatile is Qrf Comm. VA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StSome Qrf Comm. VA (EBR:QRF) Shareholders Are Down 45%
2 months ago | Simply Wall StWhat Kind Of Shareholder Appears On The Qrf Comm. VA's (EBR:QRF) Shareholder Register?
4 months ago | Simply Wall StIntroducing Qrf Comm. VA (EBR:QRF), The Stock That Dropped 36% In The Last Three Years
Is Qrf Comm. VA undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QRF (€9.4) is trading below our estimate of fair value (€26.98)
Significantly Below Fair Value: QRF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QRF is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: QRF is unprofitable, so we can't compare its PE Ratio to the Belgian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate QRF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: QRF is good value based on its PB Ratio (0.5x) compared to the BE REITs industry average (1x).
How is Qrf Comm. VA forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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 Qrf Comm. VA 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.
- Examine whether Qrf Comm. VA is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Qrf Comm. VA competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Qrf Comm. VA performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QRF is currently unprofitable.
Growing Profit Margin: QRF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: QRF is unprofitable, and losses have increased over the past 5 years at a rate of -62% per year.
Accelerating Growth: Unable to compare QRF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: QRF is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (17.2%).
Return on Equity
High ROE: QRF has a negative Return on Equity (-15.97%), as it is currently unprofitable.
How is Qrf Comm. VA's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: QRF has a high level of physical assets or inventory.
Debt Coverage by Assets: QRF's debt is not covered by short term assets (assets are 0.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: QRF has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: QRF has been profitable on average in the past, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: QRF's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if QRF has a sufficient allowance for bad loans.
Low Risk Liabilities: QRF reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if QRF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: QRF has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if QRF has an appropriate level of bad loans.
What is Qrf Comm. VA's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: QRF's dividend (8.51%) is higher than the bottom 25% of dividend payers in the Belgian market (2.61%).
High Dividend: QRF's dividend (8.51%) is in the top 25% of dividend payers in the Belgian market (6.3%)
Stability and Growth of Payments
Stable Dividend: QRF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: QRF has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.3%), QRF's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: QRF's dividends in 3 years are forecast to be covered by earnings (82.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
William Vanmoerkerke (36yo)
Mr. William Vanmoerkerke has been a Chief Executive Officer at Qrf Comm. VA since February 2019 and serves as its Director. Mr. Vanmoerkerke started his career at eBay as a Segment Manager. In 2008, he joi ...
|CEO & Director||1.08yrs||no data||no data|
|Chief Financial Officer||0.92yr||no data||no data|
|Investment & Asset Manager||2.17yrs||no data||no data|
Experienced Management: QRF's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.1%.
Qrf Comm. VA's company bio, employee growth, exchange listings and data sources
- Name: Qrf Comm. VA
- Ticker: QRF
- Exchange: ENXTBR
- Founded: 2013
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €67.241m
- Shares outstanding: 7.15m
- Website: https://www.qrf.be
Number of Employees
- Qrf Comm. VA
- Museumstraat 11/211
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|QRF||ENXTBR (Euronext Brussels)||Yes||Ordinary Shares||BE||EUR||Dec 2013|
|0QIP||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Dec 2013|
|2QR||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2013|
Qrf Comm. VA is a publicly owned real estate investment trust. It invests in the real estate markets of Belgium. The firm specializes in retail properties. Qrf Comm. VA was founded in September 3, 2013 and is based in Belgium.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 22:23|
|End of Day Share Price||2020/03/27 00:00|
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.