Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship destinations, with a portfolio valued at €65.3 Bn as at December 31, 2019, of which 86% in retail, 6% in offices, 5% in convention & exhibition venues and 3% in services.
Very undervalued with moderate growth potential.
Share Price & News
How has Unibail-Rodamco-Westfield's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UNBL.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: UNBL.F underperformed the US REITs industry which returned -9.8% over the past year.
Return vs Market: UNBL.F underperformed the US Market which returned 9.1% over the past year.
Price Volatility Vs. Market
How volatile is Unibail-Rodamco-Westfield's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Unibail-Rodamco-Westfield 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: UNBL.F ($52.75) is trading below our estimate of fair value ($263.27)
Significantly Below Fair Value: UNBL.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UNBL.F is good value based on its PE Ratio (6x) compared to the REITs industry average (27.4x).
PE vs Market: UNBL.F is good value based on its PE Ratio (6x) compared to the US market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: UNBL.F is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: UNBL.F is good value based on its PB Ratio (0.2x) compared to the US REITs industry average (1.4x).
How is Unibail-Rodamco-Westfield forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UNBL.F's forecast earnings growth (32.9% per year) is above the savings rate (2.2%).
Earnings vs Market: UNBL.F's earnings (32.9% per year) are forecast to grow faster than the US market (21.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UNBL.F's revenue is expected to decline over the next 3 years (-2.8% per year).
High Growth Revenue: UNBL.F's revenue is forecast to decline over the next 3 years (-2.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UNBL.F's Return on Equity is forecast to be low in 3 years time (7.9%).
How has Unibail-Rodamco-Westfield performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UNBL.F has a large one-off loss of €1.4B impacting its December 31 2019 financial results.
Growing Profit Margin: UNBL.F's current net profit margins (33.4%) are higher than last year (30.8%).
Past Earnings Growth Analysis
Earnings Trend: UNBL.F's earnings have declined by -10.3% per year over the past 5 years.
Accelerating Growth: UNBL.F's earnings growth over the past year (7%) exceeds its 5-year average (-10.3% per year).
Earnings vs Industry: UNBL.F earnings growth over the past year (7%) exceeded the REITs industry 5.3%.
Return on Equity
High ROE: UNBL.F's Return on Equity (3.5%) is considered low.
How is Unibail-Rodamco-Westfield's financial position?
Financial Position Analysis
Short Term Liabilities: UNBL.F's short term assets (€3.9B) do not cover its short term liabilities (€4.9B).
Long Term Liabilities: UNBL.F's short term assets (€3.9B) do not cover its long term liabilities (€28.3B).
Debt to Equity History and Analysis
Debt Level: UNBL.F's debt to equity ratio (85.2%) is considered high.
Reducing Debt: UNBL.F's debt to equity ratio has reduced from 90.9% to 85.2% over the past 5 years.
Debt Coverage: UNBL.F's debt is not well covered by operating cash flow (7%).
Interest Coverage: UNBL.F's interest payments on its debt are well covered by EBIT (5.1x coverage).
What is Unibail-Rodamco-Westfield's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UNBL.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate UNBL.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if UNBL.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UNBL.F's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: UNBL.F is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of UNBL.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christophe Cuvillier (57yo)
Mr. Christophe Cuvillier has been Chairman of Management Board at Unibail-Rodamco-Westfield SE (formerly, Unibail-Rodamco SE) since April 25, 2013 and serves as its Chief Executive Officer. Mr. Cuvillier s ...
CEO Compensation Analysis
Compensation vs Market: Christophe's total compensation ($USD5.05M) is below average for companies of similar size in the US market ($USD7.36M).
Compensation vs Earnings: Christophe's compensation has been consistent with company performance over the past year.
|Group CEO & Chairman of Management Board||7.08yrs||€4.54m||0.078% €5.7m|
|Group CFO & Member of Management Board||7.83yrs||€2.53m||0.010% €739.1k|
|Group Director of Investor Relations||no data||no data||no data|
|Group Director of Legal||no data||no data||no data|
|Group Director of Communication and Public Affairs||no data||no data||no data|
|Group Director of Human Resources & Organization||no data||no data||no data|
|Chief Operating Officer - Europe||no data||€927.66k||no data|
|Group Chief Development Officer||7.08yrs||€2.12m||no data|
|Managing Director of Central Europe & Austria||no data||no data||no data|
|Group Finance Director & CFO Europe||19.33yrs||€1.06m||no data|
Experienced Management: UNBL.F's management team is seasoned and experienced (7.5 years average tenure).
|Independent Supervisory Board Member||1.92yrs||€113.50k||no data|
|Independent Supervisory Board Chairman||3.08yrs||€298.50k||no data|
|Independent Supervisory Board Member||3.08yrs||€99.50k||no data|
|Independent Vice-Chairman of the Supervisory Board||no data||€120.00k||no data|
|Independent Supervisory Board Member||3.08yrs||€103.50k||no data|
|Independent Supervisory Board Member||2yrs||€116.00k||no data|
|Independent Supervisory Board Member||5.08yrs||€97.00k||no data|
|Independent Supervisory Board Member||6.08yrs||€108.50k||no data|
|Independent Supervisory Board Member||5.08yrs||€103.50k||no data|
|Independent Member of Supervisory Board||no data||no data||0.00022% €16.1k|
Experienced Board: UNBL.F's board of directors are considered experienced (3.1 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 not been meaningfully diluted in the past year.
Unibail-Rodamco-Westfield's company bio, employee growth, exchange listings and data sources
- Name: Unibail-Rodamco-Westfield
- Ticker: UNBL.F
- Exchange: OTCPK
- Founded: 1968
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €6.602b
- Listing Market Cap: €7.339b
- Shares outstanding: 138.40m
- Website: https://www.urw.com
Number of Employees
- 7 place du Chancelier Adenauer
- CS 31622
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|URW||ASX (Australian Securities Exchange)||CDI 20:1||AU||AUD||May 2018|
|URW||CHIA (Chi-X Australia)||CDI 20:1||AU||AUD||May 2018|
|UNIR.F||OTCPK (Pink Sheets LLC)||CDI 20:1||US||USD||May 2018|
|URW||ENXTAM (Euronext Amsterdam)||Yes||Stapled Securities||NL||EUR||Jun 2018|
|1BR1||DB (Deutsche Boerse AG)||Yes||Stapled Securities||DE||EUR||Jun 2018|
|URW||BIT (Borsa Italiana)||Yes||Stapled Securities||IT||EUR||Jun 2018|
|URW N||BMV (Bolsa Mexicana de Valores)||Yes||Stapled Securities||MX||MXN||Jun 2018|
|URWA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Stapled Securities||GB||EUR||Jun 2018|
|UL||WBAG (Wiener Boerse AG)||Yes||Stapled Securities||AT||EUR||Jun 2018|
|0YO9||LSE (London Stock Exchange)||Yes||Stapled Securities||GB||EUR||Jun 2018|
|1BR1||SWX (SIX Swiss Exchange)||Yes||Stapled Securities||CH||CHF||Jun 2018|
|UNBL.F||OTCPK (Pink Sheets LLC)||Yes||Stapled Securities||US||USD||Jun 2018|
Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship destinations, with a portfolio valued at €65.3 Bn as at December 31, 2019, of which 86% in retail, 6% in offices, 5% in convention & exhibition venues and 3% in services. Currently, the Group owns and operates 90 shopping centres, including 55 Flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year. Present on 2 continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers. With the support of its 3,600 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. As at December 31, 2019, the Group had a development pipeline of €8.3 Bn. Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities. Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from an A- rating from Standard & Poor’s and from an A3 rating from Moody’s.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 07:05|
|End of Day Share Price||2020/05/29 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.