WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:WHA - NL0000289213 - REIT
20.65 EUR
+0.05 (+0.24%)
We assign a fundamental rating of 4 out of 10 to WHA. WHA was compared to 41 industry peers in the Diversified REITs industry. There are concerns on the financial health of WHA while its profitability can be described as average. WHA has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year WHA was profitable.
- WHA had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: WHA reported negative net income in multiple years.
- In the past 5 years WHA always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of WHA (3.50%) is better than 70.73% of its industry peers.
- WHA's Return On Equity of 8.40% is fine compared to the rest of the industry. WHA outperforms 78.05% of its industry peers.
- With a decent Return On Invested Capital value of 4.30%, WHA is doing good in the industry, outperforming 75.61% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for WHA is in line with the industry average of 3.37%.
- The 3 year average ROIC (3.94%) for WHA is below the current ROIC(4.30%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.5% | ||
| ROE | 8.4% | ||
| ROIC | 4.3% |
ROA(3y)3.71%
ROA(5y)-1.36%
ROE(3y)8.68%
ROE(5y)-3.34%
ROIC(3y)3.94%
ROIC(5y)3.93%
1.3 Margins
- WHA has a Profit Margin of 43.57%. This is comparable to the rest of the industry: WHA outperforms 56.10% of its industry peers.
- WHA has a Operating Margin (64.70%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of WHA has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 71.57%, WHA is in line with its industry, outperforming 46.34% of the companies in the same industry.
- In the last couple of years the Gross Margin of WHA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.7% | ||
| PM (TTM) | 43.57% | ||
| GM | 71.57% |
OM growth 3Y5.31%
OM growth 5Y0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.3%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WHA is destroying value.
- WHA has about the same amout of shares outstanding than it did 1 year ago.
- WHA has more shares outstanding than it did 5 years ago.
- WHA has a better debt/assets ratio than last year.
2.2 Solvency
- WHA has an Altman-Z score of 0.11. This is a bad value and indicates that WHA is not financially healthy and even has some risk of bankruptcy.
- WHA's Altman-Z score of 0.11 is on the low side compared to the rest of the industry. WHA is outperformed by 92.68% of its industry peers.
- WHA has a debt to FCF ratio of 10.91. This is a negative value and a sign of low solvency as WHA would need 10.91 years to pay back of all of its debts.
- The Debt to FCF ratio of WHA (10.91) is better than 63.41% of its industry peers.
- WHA has a Debt/Equity ratio of 0.90. This is a neutral value indicating WHA is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.90, WHA is doing worse than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Altman-Z | 0.11 |
ROIC/WACC0.86
WACC4.99%
2.3 Liquidity
- WHA has a Current Ratio of 0.28. This is a bad value and indicates that WHA is not financially healthy enough and could expect problems in meeting its short term obligations.
- WHA has a Current ratio of 0.28. This is in the lower half of the industry: WHA underperforms 65.85% of its industry peers.
- A Quick Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
- The Quick ratio of WHA (0.28) is worse than 60.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
- The earnings per share for WHA have decreased strongly by -15.97% in the last year.
- The Revenue has been growing slightly by 7.35% in the past year.
- Measured over the past years, WHA shows a decrease in Revenue. The Revenue has been decreasing by -4.42% on average per year.
EPS 1Y (TTM)-15.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-39.52%
Revenue 1Y (TTM)7.35%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%11.89%
3.2 Future
- WHA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.88% yearly.
- The Revenue is expected to grow by 6.35% on average over the next years.
EPS Next Y2.69%
EPS Next 2Y3.52%
EPS Next 3Y3.88%
EPS Next 5YN/A
Revenue Next Year16.34%
Revenue Next 2Y8.8%
Revenue Next 3Y6.35%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 10.38, which indicates a very decent valuation of WHA.
- 78.05% of the companies in the same industry are more expensive than WHA, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 28.39. WHA is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 10.93, the valuation of WHA can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, WHA is valued a bit cheaper than 63.41% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.72. WHA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.38 | ||
| Fwd PE | 10.93 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, WHA is valued a bit cheaper than 73.17% of the companies in the same industry.
- 73.17% of the companies in the same industry are more expensive than WHA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.65 | ||
| EV/EBITDA | 14.86 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WHA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.85
PEG (5Y)N/A
EPS Next 2Y3.52%
EPS Next 3Y3.88%
5. Dividend
5.1 Amount
- WHA has a Yearly Dividend Yield of 6.13%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.41, WHA pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, WHA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
5.2 History
- The dividend of WHA decreases each year by -13.76%.
Dividend Growth(5Y)-13.76%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- WHA pays out 75.72% of its income as dividend. This is not a sustainable payout ratio.
DP75.72%
EPS Next 2Y3.52%
EPS Next 3Y3.88%
WERELDHAVE NV / WHA.AS FAQ
Can you provide the ChartMill fundamental rating for WERELDHAVE NV?
ChartMill assigns a fundamental rating of 4 / 10 to WHA.AS.
What is the valuation status for WHA stock?
ChartMill assigns a valuation rating of 5 / 10 to WERELDHAVE NV (WHA.AS). This can be considered as Fairly Valued.
What is the profitability of WHA stock?
WERELDHAVE NV (WHA.AS) has a profitability rating of 5 / 10.
Can you provide the financial health for WHA stock?
The financial health rating of WERELDHAVE NV (WHA.AS) is 2 / 10.
How sustainable is the dividend of WERELDHAVE NV (WHA.AS) stock?
The dividend rating of WERELDHAVE NV (WHA.AS) is 5 / 10 and the dividend payout ratio is 75.72%.