Qrf Comm. VA is a publicly owned real estate investment trust.
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: 2QR has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2QR underperformed the German REITs industry which returned 9.7% over the past year.
Return vs Market: 2QR underperformed the German Market which returned 3.9% 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
No news available
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: 2QR (€12.2) is trading below our estimate of fair value (€24.47)
Significantly Below Fair Value: 2QR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2QR is unprofitable, so we can't compare its PE Ratio to the DE REITs industry average.
PE vs Market: 2QR is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2QR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2QR is good value based on its PB Ratio (0.7x) compared to the DE REITs industry average (1.5x).
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: 2QR is currently unprofitable.
Growing Profit Margin: 2QR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2QR is unprofitable, and losses have increased over the past 5 years at a rate of -62% per year.
Accelerating Growth: Unable to compare 2QR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2QR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (25.3%).
Return on Equity
High ROE: 2QR has a negative Return on Equity (-15.97%), as it is currently unprofitable.
How is Qrf Comm. VA's financial position?
Financial Position Analysis
Short Term Liabilities: 2QR's short term assets (€49.5M) exceed its short term liabilities (€35.7M).
Long Term Liabilities: 2QR's short term assets (€49.5M) do not cover its long term liabilities (€92.4M).
Debt to Equity History and Analysis
Debt Level: 2QR's debt to equity ratio (96.7%) is considered high.
Reducing Debt: 2QR's debt to equity ratio has increased from 83.7% to 96.7% over the past 5 years.
Debt Coverage: 2QR's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: 2QR is unprofitable, therefore interest payments are not well covered by earnings.
What is Qrf Comm. VA current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2QR's dividend (6.69%) is higher than the bottom 25% of dividend payers in the German market (1.24%).
High Dividend: 2QR's dividend (6.69%) is in the top 25% of dividend payers in the German market (3.82%)
Stability and Growth of Payments
Stable Dividend: 2QR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2QR 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%), 2QR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2QR'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 (37yo)
Mr. William Vanmoerkerke has been a Chief Executive Officer at Qrf Comm. VA since February 19, 2019 and serves as its Director since January 30, 2019. Mr. Vanmoerkerke started his career at eBay as a Segme ...
|CEO & Director||1.42yrs||no data||no data|
|Chief Financial Officer||1.25yrs||no data||no data|
|Investment & Asset Manager||2.5yrs||no data||no data|
Experienced Management: 2QR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|CEO & Director||1.42yrs||no data||no data|
|Non-Independent Non-Executive Director||1.5yrs||€19.25k||0.016% €13.7k|
|Non-Executive Independent Director||2.83yrs||€17.50k||no data|
|Non-Executive Independent Director||2.83yrs||€13.75k||no data|
|Independent Chairman of the Board||2.83yrs||€29.25k||no data|
Experienced Board: 2QR's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Qrf Comm. VA's company bio, employee growth, exchange listings and data sources
- Name: Qrf Comm. VA
- Ticker: 2QR
- Exchange: DB
- Founded: 2013
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €85.482m
- 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||2020/07/13 21:48|
|End of Day Share Price||2020/07/13 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.