URW Stock Analysis: Unibail-Rodamco-Westfield | PA
REIT - Retail | PA, France | Market Cap: 15.148m EUR | 12M Return: 32.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 20.0M
EPS Trend: 25.0%
Rev. Trend: 58.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Unibail-Rodamco-Westfield SE (URW) is a large-cap French retail REIT that owns and operates 66 shopping centres across the US and Europe, including 41 flagship destinations operating under the Westfield brand. The portfolio attracts over 900 million customer visits annually and accounts for approximately 88% of the Groups £49 billion asset base.
URWs business model centres on managing retail-anchored destinations in major urban areas, earning rental income from retail and entertainment tenants, and licensing the Westfield brand to third-party partners in faster-growing markets for capital-light expansion. As a retail REIT, the company is structured to distribute a significant portion of its taxable income to shareholders, and revenue is largely tied to occupancy rates, tenant sales, and lease renewals.
Under its Platform for Growth plan, URW is pursuing organic earnings growth, brand monetisation, and capital-light initiatives to support shareholder returns. Its Better Places sustainability framework has placed the company among the 100 most sustainable corporations globally, and
- Westfield flagship mall foot traffic recovery boosts rental income
- Asset disposals accelerate deleveraging and reduce net debt
- US retail spending weakness pressures occupancy and leasing spreads
| Net Income: 1.27b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.73 > 1.0 |
| NWC/Revenue: 25.31% < 20% (prev 59.81%; Δ -34.49% < -1%) |
| CFO/TA 0.04 > 3% & CFO 2.05b > Net Income 1.27b |
| Net Debt (22.4b) to EBITDA (2.54b): 8.83 < 3 |
| Current Ratio: 1.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (146.1m) vs 12m ago 3.62% < -2% |
| Gross Margin: 66.71% > 18% (prev 62.45%; Δ 4.26% > 0.5%) |
| Asset Turnover: 6.47% > 50% (prev 6.08%; Δ 0.39% > 0%) |
| Interest Coverage Ratio: 3.80 > 6 (EBIT TTM 2.49b / Interest Expense TTM 655.4m) |
| A: 0.02 (Total Current Assets 3.97b - Total Current Liabilities 3.13b) / Total Assets 49.7b |
| B: 0.03 (Retained Earnings 1.27b / Total Assets 49.7b) |
| C: 0.05 (EBIT TTM 2.49b / Avg Total Assets 51.6b) |
| D: 0.63 (Book Value of Equity 17.7b / Total Liabilities 28.0b) |
| Altman-Z'' = 1.18 = BB |
| DSRI: 1.09 (Receivables 960.1m/862.6m, Revenue 3.34b/3.26b) |
| GMI: 0.94 (GM 62.45% / 66.71%) |
| AQI: 1.06 (AQ_t 0.92 / AQ_t-1 0.86) |
| SGI: 1.03 (Revenue 3.34b / 3.26b) |
| TATA: -0.02 (NI 1.27b - CFO 2.05b) / TA 49.7b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of July 29, 2026, the stock is trading at EUR 105.20 with a total of 161,214 shares traded. Over the past week, the price has changed by +0.91%, over one month by +2.28%, over three months by +6.56% and over the past year by +32.76%.
Current recommended Stop Loss: 101.50 (which is 3.5% or 2.5 ATR below the current price).
Unibail-Rodamco-Westfield has no consensus analysts rating.
P/E Trailing = 12.0241
P/E Forward = 11.1359
P/S = 4.2706
P/B = 0.8557
P/EG = 2.1416
Revenue TTM = 3.34b EUR
EBIT TTM = 2.49b EUR
EBITDA TTM = 2.54b EUR
Long Term Debt = 21.0b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.12b EUR (from shortTermDebt, last quarter)
Debt = 25.1b EUR (from shortLongTermDebtTotal, last quarter) + Leases 571.2m
Net Debt = 22.4b EUR (calculated: Debt 25.1b - CCE 2.68b)
Enterprise Value = 37.5b EUR (15.1b + Debt 25.1b - CCE 2.68b)
Interest Coverage Ratio = 3.80 (Ebit TTM 2.49b / Interest Expense TTM 655.4m)
EV/FCF = 28.71x (Enterprise Value 37.5b / FCF TTM 1.31b)
FCF Yield = 3.48% (FCF TTM 1.31b / Enterprise Value 37.5b)
FCF Margin = 39.17% (FCF TTM 1.31b / Revenue TTM 3.34b)
Net Margin = 37.99% (Net Income TTM 1.27b / Revenue TTM 3.34b)
Gross Margin = 66.71% ((Revenue TTM 3.34b - Cost of Revenue TTM 1.11b) / Revenue TTM)
Gross Margin QoQ = 61.52% (prev 70.90%)
Tobins Q-Ratio = 0.76 (Enterprise Value 37.5b / Total Assets 49.7b)
Interest Expense / Debt = 2.61% (Interest Expense 655.4m / Debt 25.1b)
Taxrate = 19.34% (361.5m / 1.87b)
NOPAT = 2.01b (EBIT 2.49b * (1 - 19.34%))
Current Ratio = 1.27 (Total Current Assets 3.97b / Total Current Liabilities 3.13b)
Debt / Equity = 1.42 (Debt 25.1b / totalStockholderEquity, last quarter 17.7b)
Debt / EBITDA = 8.83 (Net Debt 22.4b / EBITDA 2.54b)
Debt / FCF = 17.12 (Net Debt 22.4b / FCF TTM 1.31b)
Total Stockholder Equity = 17.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.46% (Net Income 1.27b / Total Assets 49.7b)
RoE = 7.31% (Net Income TTM 1.27b / Total Stockholder Equity 17.4b)
RoCE = 6.49% (EBIT 2.49b / Capital Employed (Equity 17.4b + L.T.Debt 21.0b))
RoIC = 4.23% (NOPAT 2.01b / Invested Capital 47.5b)
WACC = 3.97% (E(15.1b)/V(40.2b) * Re(7.06%) + D(25.1b)/V(40.2b) * Rd(2.61%) * (1-Tc(0.19)))
Discount Rate = 7.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.66 | Cagr: 2.32%
[DCF] Terminal Value 77.97% ; FCFF base≈977.5m ; Y1≈1.12b ; Y5≈1.65b
[DCF] Fair Price = 16.84 (EV 24.8b - Net Debt 22.4b = Equity 2.43b / Shares 144.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 25.04 | EPS CAGR: 9.64% | SUE: N/A | # QB: 0
Revenue Correlation: 58.12 | Revenue CAGR: 13.41% | SUE: 0.29 | # QB: 0
EPS current Year (2026-12-31): EPS=9.27 | Chg30d=+0.25% | Revisions=-25% | GrowthEPS=-3.3% | GrowthRev=+19.2%
EPS next Year (2027-12-31): EPS=9.43 | Chg30d=+0.15% | Revisions=+17% | GrowthEPS=+1.8% | GrowthRev=+1.8%
[Analyst] Revisions Ratio: +0% (up=2, down=2)