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Recent

v0.1
RET.BR$70.10-0.99%
Fair $70.10+0.0%

RET.BR

Retail Estates N.V.

Real Estate / REIT - RetailBrussels

$70.10

-0.70 (-0.99%)

Fairly Valued+0.0%Fair Value $70.10Fund rank 35/100 · Data gapFallback financials|
SA 46/C
F-Score: 4/9
Margin Compression

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

FCF escenarios

weak_data · normalized FCF n/d · quality 50.0/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 88/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

46/100

C

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. Operating margin has declined for 3 consecutive years
Thesis & Journal · RET.BRLocal privado en este navegador · Retail Estates N.V.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.1B

P/E

9.2x

↓

EV/EBITDA

14.4x

↑

ROE

8.7%

↑

Gross Margin

78.5%

↑

Debt/Equity

0.73

↑
52-Week Range$70
$60$72

TradingView lightweight chart

RET.BR price, volumen y niveles de valoración

Último $70.10Periodo +148.3%
Fair value: $70.10

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+7.6%

FCF CAGR

+6.6%

FCF margin

59.3%

FCF / Net income

0.88x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $158.9M · net income $106.7M · FCF $94.3M

2022-FY → 2025-FY

Gross margin

78.5%-2.9% pts

Operating margin

71.9%-4.0% pts

Net margin

67.1%-36.1% pts

FCF margin

59.3%-1.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$158.9M$158.9M$154.1M$138.9M$127.7M
Net Income$106.7M$106.7M$123.0M$180.6M$131.8M
EBITDA$132.6M$132.6M$146.8M$195.1M$154.4M
EPS7.297.298.6012.9910.23
Gross Margin78.5%78.5%78.7%79.2%81.4%
Operating Margin71.9%71.9%72.4%72.8%75.9%
Net Margin67.1%67.1%79.8%130.1%103.2%
Balance Sheet
Debt/Equity0.730.730.780.770.94
Current Ratio0.190.19———
Cash Flow
Free Cash Flow$94.3M$94.3M$71.8M$90.6M$77.9M
Returns
ROE8.7%8.7%10.5%16.5%14.3%
Valuation
P/E9.259.257.585.057.28
EV/EBITDA14.4214.4212.538.9711.82
P/B0.840.840.800.831.04
Growth & Yield
Revenue Growth3.1%3.1%11.0%8.7%—
EPS Growth-15.2%-15.2%-33.8%27.0%—
Dividend Yield7.3%7.3%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-5.2%

fácil

EPS terminal req.

$6.22

Spread vs growth

-10.1%

5Y implied EPS CAGR

0.6%

fácil

EPS terminal req.

$7.53

Spread vs growth

-15.9%

10Y implied EPS CAGR

5.2%

razonable

EPS terminal req.

$12.12

Spread vs growth

-20.4%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +23.8%

Total return

+23.8%

Start / end P/E

7.0x → 9.6x

EPS bridge

8.60 → 7.29

Residual

-5.7%

EPS growth-15.2%
Multiple rerating+37.4%
Dividend+7.3%
Residual / FX / buybacks / cross-term-5.7%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.