Logo image of WHA.AS

WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis

AMS:WHA - Euronext Amsterdam - NL0000289213 - REIT - Currency: EUR

15.78  -0.02 (-0.13%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to WHA. WHA was compared to 42 industry peers in the Diversified REITs industry. WHA has a medium profitability rating, but doesn't score so well on its financial health evaluation. WHA is valued quite cheap, while showing a decent growth score. This is a good combination! WHA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

6

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.
Each year in the past 5 years WHA had a positive operating cash flow.
WHA.AS Yearly Net Income VS EBIT VS OCF VS FCFWHA.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M

1.2 Ratios

With an excellent Return On Assets value of 8.03%, WHA belongs to the best of the industry, outperforming 97.56% of the companies in the same industry.
WHA has a Return On Equity of 18.51%. This is amongst the best in the industry. WHA outperforms 100.00% of its industry peers.
The Return On Invested Capital of WHA (6.42%) is better than 85.37% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WHA is in line with the industry average of 4.05%.
The last Return On Invested Capital (6.42%) for WHA is above the 3 year average (3.94%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.03%
ROE 18.51%
ROIC 6.42%
ROA(3y)3.71%
ROA(5y)-1.36%
ROE(3y)8.68%
ROE(5y)-3.34%
ROIC(3y)3.94%
ROIC(5y)3.93%
WHA.AS Yearly ROA, ROE, ROICWHA.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

WHA's Profit Margin of 65.74% is amongst the best of the industry. WHA outperforms 80.49% of its industry peers.
WHA's Operating Margin of 64.04% is on the low side compared to the rest of the industry. WHA is outperformed by 65.85% of its industry peers.
WHA's Operating Margin has been stable in the last couple of years.
The Gross Margin of WHA (71.74%) is worse than 60.98% of its industry peers.
WHA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 64.04%
PM (TTM) 65.74%
GM 71.74%
OM growth 3Y5.31%
OM growth 5Y0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.3%
GM growth 5Y0.24%
WHA.AS Yearly Profit, Operating, Gross MarginsWHA.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

More info and screens

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WHA is still creating some value.
The number of shares outstanding for WHA remains at a similar level compared to 1 year ago.
Compared to 5 years ago, WHA has more shares outstanding
Compared to 1 year ago, WHA has an improved debt to assets ratio.
WHA.AS Yearly Shares OutstandingWHA.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
WHA.AS Yearly Total Debt VS Total AssetsWHA.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

Based on the Altman-Z score of 0.16, we must say that WHA is in the distress zone and has some risk of bankruptcy.
WHA has a worse Altman-Z score (0.16) than 92.68% of its industry peers.
The Debt to FCF ratio of WHA is 10.34, which is on the high side as it means it would take WHA, 10.34 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 10.34, WHA is doing good in the industry, outperforming 70.73% of the companies in the same industry.
A Debt/Equity ratio of 0.83 indicates that WHA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.83, WHA is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 10.34
Altman-Z 0.16
ROIC/WACC1.37
WACC4.67%
WHA.AS Yearly LT Debt VS Equity VS FCFWHA.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

A Current Ratio of 0.33 indicates that WHA may have some problems paying its short term obligations.
WHA has a worse Current ratio (0.33) than 68.29% of its industry peers.
A Quick Ratio of 0.33 indicates that WHA may have some problems paying its short term obligations.
WHA has a Quick ratio of 0.33. This is in the lower half of the industry: WHA underperforms 65.85% of its industry peers.
Industry RankSector Rank
Current Ratio 0.33
Quick Ratio 0.33
WHA.AS Yearly Current Assets VS Current LiabilitesWHA.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

More info and screens

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 119.90% over the past year.
WHA shows a strong growth in Revenue. In the last year, the Revenue has grown by 56.26%.
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)119.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%288.09%
Revenue 1Y (TTM)56.26%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%104.56%

3.2 Future

Based on estimates for the next years, WHA will show a small growth in Earnings Per Share. The EPS will grow by 3.15% on average per year.
Based on estimates for the next years, WHA will show a small growth in Revenue. The Revenue will grow by 3.46% on average per year.
EPS Next Y14.96%
EPS Next 2Y8.23%
EPS Next 3Y3.15%
EPS Next 5YN/A
Revenue Next Year0.63%
Revenue Next 2Y1.21%
Revenue Next 3Y3.46%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WHA.AS Yearly Revenue VS EstimatesWHA.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
WHA.AS Yearly EPS VS EstimatesWHA.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

More info and screens

9

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 3.64, which indicates a rather cheap valuation of WHA.
100.00% of the companies in the same industry are more expensive than WHA, based on the Price/Earnings ratio.
WHA is valuated cheaply when we compare the Price/Earnings ratio to 28.63, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.79 indicates a rather cheap valuation of WHA.
87.80% of the companies in the same industry are more expensive than WHA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.72, WHA is valued rather cheaply.
Industry RankSector Rank
PE 3.64
Fwd PE 7.79
WHA.AS Price Earnings VS Forward Price EarningsWHA.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, WHA is valued cheaply inside the industry as 95.12% of the companies are valued more expensively.
WHA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WHA is cheaper than 85.37% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.89
EV/EBITDA 8.77
WHA.AS Per share dataWHA.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

WHA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of WHA may justify a higher PE ratio.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y8.23%
EPS Next 3Y3.15%

More info and screens

7

5. Dividend

5.1 Amount

WHA has a Yearly Dividend Yield of 8.14%, which is a nice return.
Compared to an average industry Dividend Yield of 8.11, WHA pays a better dividend. On top of this WHA pays more dividend than 87.80% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, WHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.14%

5.2 History

The dividend of WHA decreases each year by -13.76%.
Dividend Growth(5Y)-13.76%
Div Incr Years3
Div Non Decr Years3
WHA.AS Yearly Dividends per shareWHA.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

WHA pays out 27.73% of its income as dividend. This is a sustainable payout ratio.
DP27.73%
EPS Next 2Y8.23%
EPS Next 3Y3.15%
WHA.AS Yearly Income VS Free CF VS DividendWHA.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M
WHA.AS Dividend Payout.WHA.AS Dividend Payout, showing the Payout Ratio.WHA.AS Dividend Payout.PayoutRetained Earnings

More info and screens

WERELDHAVE NV

AMS:WHA (3/21/2025, 7:00:00 PM)

15.78

-0.02 (-0.13%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11 2025-02-11/amc
Earnings (Next)04-17 2025-04-17
Inst Owners25.32%
Inst Owner ChangeN/A
Ins Owners18.28%
Ins Owner ChangeN/A
Market Cap727.14M
Analysts71.11
Price Target16.2 (2.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.14%
Yearly Dividend1.2
Dividend Growth(5Y)-13.76%
DP27.73%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.79%
PT rev (3m)0.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)17.45%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.77%
Revenue NY rev (3m)1.58%
Valuation
Industry RankSector Rank
PE 3.64
Fwd PE 7.79
P/S 2.53
P/FCF 7.89
P/OCF 7.87
P/B 0.71
P/tB 0.71
EV/EBITDA 8.77
EPS(TTM)4.34
EY27.5%
EPS(NY)2.03
Fwd EY12.84%
FCF(TTM)2
FCFY12.68%
OCF(TTM)2
OCFY12.7%
SpS6.24
BVpS22.18
TBVpS22.17
PEG (NY)0.24
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 8.03%
ROE 18.51%
ROCE 8.7%
ROIC 6.42%
ROICexc 6.47%
ROICexgc 6.47%
OM 64.04%
PM (TTM) 65.74%
GM 71.74%
FCFM 32.03%
ROA(3y)3.71%
ROA(5y)-1.36%
ROE(3y)8.68%
ROE(5y)-3.34%
ROIC(3y)3.94%
ROIC(5y)3.93%
ROICexc(3y)3.98%
ROICexc(5y)3.99%
ROICexgc(3y)3.98%
ROICexgc(5y)3.99%
ROCE(3y)5.37%
ROCE(5y)5.39%
ROICexcg growth 3Y0.66%
ROICexcg growth 5Y1.46%
ROICexc growth 3Y0.66%
ROICexc growth 5Y1.46%
OM growth 3Y5.31%
OM growth 5Y0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.3%
GM growth 5Y0.24%
F-Score6
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 10.34
Debt/EBITDA 4.56
Cap/Depr 15.03%
Cap/Sales 0.06%
Interest Coverage 5.54
Cash Conversion 49.8%
Profit Quality 48.72%
Current Ratio 0.33
Quick Ratio 0.33
Altman-Z 0.16
F-Score6
WACC4.67%
ROIC/WACC1.37
Cap/Depr(3y)34.35%
Cap/Depr(5y)27.26%
Cap/Sales(3y)0.25%
Cap/Sales(5y)0.21%
Profit Quality(3y)99.41%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)119.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%288.09%
EPS Next Y14.96%
EPS Next 2Y8.23%
EPS Next 3Y3.15%
EPS Next 5YN/A
Revenue 1Y (TTM)56.26%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%104.56%
Revenue Next Year0.63%
Revenue Next 2Y1.21%
Revenue Next 3Y3.46%
Revenue Next 5YN/A
EBIT growth 1Y71.98%
EBIT growth 3Y5.56%
EBIT growth 5Y-4.24%
EBIT Next Year7.58%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y13.23%
FCF growth 3Y4.84%
FCF growth 5Y-4.2%
OCF growth 1Y11.88%
OCF growth 3Y4.72%
OCF growth 5Y-4.26%