Unibail Rodamco Westfield (URW) AI Stock Analysis

• Market Cap: €12.02B
• Dividend Yield: 4.17%
• Average Volume (3M): 319.57K
• Price to Earnings (P/E): 80.1
• Beta (1Y): 1.08
• Revenue Growth: 6.37%
• EPS Growth: N/A
• Country: FR
• Employees: 2,316
• Sector: Real Estate
• Sector Strength: 73
• Industry: REIT - Retail
• EPS (TTM): 4.55
• Shares Outstanding: 143,188,460
• 10 Day Avg. Volume: 362,684
• 30 Day Avg. Volume: 319,566
• PEG Ratio: -0.32
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €98.06
• Price Target Upside: 16.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 62 Neutral
• Price Target: €86.00 ▲(2.48%Upside)

The overall stock score reflects strong technical indicators suggesting bullish momentum, tempered by high valuation concerns with a significant P/E ratio. Financial performance is improving, but high leverage remains a concern.

Unibail Rodamco Westfield Business Overview & Revenue Model

Company Description

Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States. The Group operates 75 shopping centres in 12 countries, including 39 which carry the iconic Westfield brand. These centres attract over 900 million visits annually and provide a unique platform for retailers and brands to connect with consumers. URW also has a portfolio of high-quality offices, 10 convention and exhibition venues in Paris, and a EUR 3 Bn development pipeline of mainly mixed-use assets. Currently, its EUR 51 Bn portfolio is 87% in retail, 6% in offices, 5% in convention and exhibition venues, and 2% in services (as at June 30, 2023). URW is a committed partner to major cities on urban regeneration projects, through both mixed-use development and the retrofitting of buildings to industry-leading sustainability standards. These commitments are enhanced by the Group's Better Places 2030 agenda, which strives to make a positive environmental, social and economic impact on the cities and communities where URW operates. URW's stapled shares are listed on Euronext Paris (Ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor's and from a Baa2 rating from Moody's.

How the Company Makes Money

Unibail-Rodamco-Westfield generates revenue primarily through rental income from its extensive portfolio of shopping centers, office spaces, and convention venues. The company leases retail space to a wide range of tenants, from luxury brands to mainstream retailers, which provides a stable and recurring income stream. Additionally, URW generates revenue through property management services, development projects, and asset sales. The company often enters partnerships and joint ventures to expand its reach and enhance its property offerings. Significant factors contributing to URW's earnings include its strategic locations in major cities, strong tenant relationships, and the ability to attract high foot traffic to its destinations.

Unibail Rodamco Westfield Financial Statement Overview

Summary

Unibail Rodamco Westfield shows signs of recovery with positive income and improved cash flows. The net income has transitioned from a loss to a profit, and cash flow management has improved significantly. However, the balance sheet reveals high leverage, typical for REITs, which poses risks.

Income Statement

Unibail Rodamco Westfield has shown a positive turnaround with a net income of €146.2 million in 2024 compared to a loss in 2023, indicating recovery. The gross profit margin improved to 62.85% in 2024, showing strong operational efficiency. However, revenue growth of 6.37% from 2023 to 2024 is modest. The EBIT and EBITDA margins are healthy at 24.29% and 49.96% respectively, reflecting efficient cost management.

Balance Sheet

The company's debt-to-equity ratio stands at 1.56, indicating a significant reliance on debt, which is typical for REITs but poses risks in volatile markets. The equity ratio is 33.02%, suggesting a moderate level of financial stability. Return on equity is modest at 0.83% in 2024, reflecting a need for stronger profitability to enhance shareholder returns.

Cash Flow

The operating cash flow to net income ratio is robust at 14.98, indicating strong cash generation relative to net income. Free cash flow grew by 329.06% from 2023 to 2024, highlighting substantial improvement in cash management and financial flexibility. The free cash flow to net income ratio is also positive, suggesting effective use of cash.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.26B	3.06B	3.00B	2.52B	993.70M
	Gross Profit
2.05B	1.88B	1.89B	1.44B	-168.40M
	EBIT
790.80M	-968.90M	545.00M	-465.70M	-6.96B
	EBITDA
1.63B	-727.30M	1.24B	-192.80M	-261.20M
	Net Income Common Stockholders
146.20M	-1.63B	178.20M	-972.10M	-7.21B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.29B	5.50B	3.33B	2.26B	2.14B
	Total Assets
53.55B	53.58B	54.64B	54.92B	57.28B
	Total Debt
27.56B	27.90B	26.40B	27.13B	26.22B
	Net Debt
22.27B	22.39B	23.07B	24.88B	24.08B
	Total Liabilities
32.51B	32.81B	31.69B	32.55B	34.48B
	Stockholders Equity
17.67B	17.21B	19.18B	18.92B	19.38B
Cash Flow		Free Cash Flow
881.90M	2.06B	1.53B	831.70M	1.42B
	Operating Cash Flow
2.19B	2.06B	2.44B	1.72B	1.42B
	Investing Cash Flow
-537.10M	-791.40M	280.80M	620.80M	81.80M
	Financing Cash Flow
-1.88B	1.30B	-1.64B	-2.24B	116.50M

Unibail Rodamco Westfield Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 83.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:URW, the sentiment is Positive. The current price of 83.92 is above the 20-day moving average (MA) of 81.44, above the 50-day MA of 74.46, and above the 200-day MA of 73.29, indicating a bullish trend. The MACD of 2.40 indicates Positive momentum. The RSI at 66.83 is Neutral, neither overbought nor oversold. The STOCH value of 81.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:URW.

Unibail Rodamco Westfield Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
URW	62 Neutral	€12.02B	80.08		4.17%	6.37%	―
Sector *	61 Neutral	$2.85B	10.99	0.40%	6.10%	5.75%	-21.23%
0IS8		€3.60B	15.24	6.58%	6.49%	―	―
0J6V		€5.80B	81.71	0.84%	4.80%	―	―
0OPE		€7.11B	23.03	2.94%	5.55%	―	―
0K4O		€1.85B	―	-5.92%	14.66%	―	―
0F4I		€9.48B	8.76	13.21%	5.43%	―	―