RET Stock Overview
The Belgian public real estate investment trust Retail Estates nv is a niche player specialised in making in out-of-town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users.
Retail Estates Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||€63.60|
|52 Week High||€75.90|
|52 Week Low||€61.00|
|1 Month Change||-13.70%|
|3 Month Change||-14.97%|
|1 Year Change||-7.02%|
|3 Year Change||-23.19%|
|5 Year Change||-19.04%|
|Change since IPO||85.42%|
Recent News & Updates
|RET||BE REITs||BE Market|
Return vs Industry: RET exceeded the Belgian REITs industry which returned -11% over the past year.
Return vs Market: RET exceeded the Belgian Market which returned -10.5% over the past year.
|RET Average Weekly Movement||4.8%|
|REITs Industry Average Movement||3.8%|
|Market Average Movement||4.6%|
|10% most volatile stocks in BE Market||7.9%|
|10% least volatile stocks in BE Market||2.6%|
Stable Share Price: RET is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RET's weekly volatility (5%) has been stable over the past year.
About the Company
|1988||36||Jan De Nys||https://www.retailestates.com|
The Belgian public real estate investment trust Retail Estates nv is a niche player specialised in making in out-of-town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. Real Estates NV acquires these real properties from third parties or builds and commercialises retail buildings for its own account. The buildings have useful areas ranging between 500m² and 3,000m².
Retail Estates Fundamentals Summary
|RET fundamental statistics|
Is RET overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RET income statement (TTM)|
|Cost of Revenue||€9.68m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||9.97|
|Net Profit Margin||115.96%|
How did RET perform over the long term?See historical performance and comparison
7.2%Current Dividend Yield
Is RET undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RET?
Other financial metrics that can be useful for relative valuation.
|What is RET's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RET's PE Ratio compare to its peers?
|RET PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
WEHB Wereldhave Belgium
VASTB Vastned Belgium
INTO Intervest Offices & Warehouses
RET Retail Estates
Price-To-Earnings vs Peers: RET is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (9.4x).
Price to Earnings Ratio vs Industry
How does RET's PE Ratio compare vs other companies in the European REITs Industry?
Price-To-Earnings vs Industry: RET is good value based on its Price-To-Earnings Ratio (6.4x) compared to the Belgian REITs industry average (8.7x)
Price to Earnings Ratio vs Fair Ratio
What is RET's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.4x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RET's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of RET when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RET (€63.6) is trading below our estimate of fair value (€142.1)
Significantly Below Fair Value: RET is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RET's PEG Ratio to determine if it is good value.
Discover undervalued companies
How is Retail Estates forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if RET's forecast earnings growth is above the savings rate (1.1%).
Earnings vs Market: Insufficient data to determine if RET's earnings are forecast to grow faster than the Belgian market
High Growth Earnings: Insufficient data to determine if RET's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RET's revenue (4.8% per year) is forecast to grow faster than the Belgian market (1.9% per year).
High Growth Revenue: RET's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RET's Return on Equity is forecast to be low in 3 years time (9%).
Discover growth companies
How has Retail Estates performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RET has a large one-off gain of €56.8M impacting its March 31 2022 financial results.
Growing Profit Margin: RET's current net profit margins are higher than last year (60.9%).
Past Earnings Growth Analysis
Earnings Trend: RET's earnings have grown by 15.4% per year over the past 5 years.
Accelerating Growth: RET's earnings growth over the past year (114.6%) exceeds its 5-year average (15.4% per year).
Earnings vs Industry: RET earnings growth over the past year (114.6%) underperformed the REITs industry 134.8%.
Return on Equity
High ROE: RET's Return on Equity (14.3%) is considered low.
Discover strong past performing companies
How is Retail Estates's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RET's short term assets (€20.2M) do not cover its short term liabilities (€126.5M).
Long Term Liabilities: RET's short term assets (€20.2M) do not cover its long term liabilities (€764.8M).
Debt to Equity History and Analysis
Debt Level: RET's net debt to equity ratio (93.4%) is considered high.
Reducing Debt: RET's debt to equity ratio has reduced from 104% to 93.5% over the past 5 years.
Debt Coverage: RET's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: RET's interest payments on its debt are well covered by EBIT (5.2x coverage).
Discover healthy companies
What is Retail Estates's current dividend yield, its reliability and sustainability?
Dividend Score 6/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RET's dividend (7.23%) is higher than the bottom 25% of dividend payers in the Belgian market (2.02%).
High Dividend: RET's dividend (7.23%) is in the top 25% of dividend payers in the Belgian market (6.08%)
Stability and Growth of Payments
Stable Dividend: RET's dividends per share have been stable in the past 10 years.
Growing Dividend: RET's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (70.2%), RET's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (78.1%), RET's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jan De Nys (63 yo)
Mr. Jan De Nys is Managing Director and Chief Executive Officer of Retail Estates N.V. since 1998 and serves as its Director. Mr. De Nys started his career with De Bandt, Van Hecke in 1982. From 1999 to 20...
CEO Compensation Analysis
Compensation vs Market: Jan's total compensation ($USD521.12K) is below average for companies of similar size in the Belgian market ($USD794.93K).
Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.
Experienced Management: RET's management team is seasoned and experienced (11.4 years average tenure).
Experienced Board: RET's board of directors are considered experienced (6.5 years average tenure).
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 4.4%.
Retail Estates N.V.'s employee growth, exchange listings and data sources
- Name: Retail Estates N.V.
- Ticker: RET
- Exchange: ENXTBR
- Founded: 1988
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: €841.202m
- Shares outstanding: 13.23m
- Website: https://www.retailestates.com
Number of Employees
- Retail Estates N.V.
- Industrielaan 6
- B-1740 Ternat
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/03 00:00|
|End of Day Share Price||2022/07/01 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.