WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis
Europe - AMS:WHA - NL0000289213 - REIT
18.66 EUR
-0.04 (-0.21%)
Overall WHA gets a fundamental rating of 4 out of 10. We evaluated WHA against 39 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 correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
WHA had positive earnings in the past year.
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.
WHA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of WHA (3.50%) is better than 71.79% of its industry peers.
With a decent Return On Equity value of 8.40%, WHA is doing good in the industry, outperforming 79.49% of the companies in the same industry.
WHA has a better Return On Invested Capital (4.30%) than 76.92% of its industry peers.
The Average Return On Invested Capital over the past 3 years for WHA is in line with the industry average of 3.49%.
The last Return On Invested Capital (4.30%) for WHA is above the 3 year average (3.94%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 43.57%, WHA is in line with its industry, outperforming 56.41% of the companies in the same industry.
WHA has a Operating Margin of 64.70%. This is comparable to the rest of the industry: WHA outperforms 43.59% of its industry peers.
In the last couple of years the Operating Margin of WHA has remained more or less at the same level.
WHA's Gross Margin of 71.57% is in line compared to the rest of the industry. WHA outperforms 43.59% of its industry peers.
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.
Compared to 1 year ago, WHA has about the same amount of shares outstanding.
Compared to 5 years ago, WHA has more shares outstanding
WHA has a better debt/assets ratio than last year.
2.2 Solvency
WHA has an Altman-Z score of 0.07. This is a bad value and indicates that WHA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.07, WHA is doing worse than 94.87% of the companies in the same industry.
The Debt to FCF ratio of WHA is 10.91, which is on the high side as it means it would take WHA, 10.91 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 10.91, WHA is doing good in the industry, outperforming 66.67% of the companies in the same industry.
WHA has a Debt/Equity ratio of 0.90. This is a neutral value indicating WHA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.90, WHA is not doing good in the industry: 76.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Altman-Z | 0.07 |
ROIC/WACC0.88
WACC4.91%
2.3 Liquidity
A Current Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
WHA's Current ratio of 0.28 is on the low side compared to the rest of the industry. WHA is outperformed by 71.79% of its industry peers.
WHA has a Quick 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.
The Quick ratio of WHA (0.28) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
WHA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.97%.
WHA shows a small growth in Revenue. In the last year, the Revenue has grown by 7.35%.
WHA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.42% yearly.
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
The Earnings Per Share is expected to grow by 3.01% on average over the next years.
Based on estimates for the next years, WHA will show a small growth in Revenue. The Revenue will grow by 6.35% on average per year.
EPS Next Y2.58%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue Next Year16.51%
Revenue Next 2Y8.88%
Revenue Next 3Y6.35%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.38 indicates a reasonable valuation of WHA.
Based on the Price/Earnings ratio, WHA is valued cheaper than 84.62% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.31, WHA is valued rather cheaply.
WHA is valuated reasonably with a Price/Forward Earnings ratio of 10.05.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WHA indicates a somewhat cheap valuation: WHA is cheaper than 66.67% of the companies listed in the same industry.
WHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.38 | ||
| Fwd PE | 10.05 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WHA is valued a bit cheaper than the industry average as 74.36% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, WHA is valued a bit cheaper than 74.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.72 | ||
| EV/EBITDA | 14.19 |
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)3.64
PEG (5Y)N/A
EPS Next 2Y2.62%
EPS Next 3Y3.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.73%, WHA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.56, WHA pays a better dividend. On top of this WHA pays more dividend than 82.05% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, WHA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
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
75.72% of the earnings are spent on dividend by WHA. This is not a sustainable payout ratio.
DP75.72%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
AMS:WHA (10/16/2025, 7:00:00 PM)
18.66
-0.04 (-0.21%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners28.76%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap865.82M
Analysts71.11
Price Target18.79 (0.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
Yearly Dividend1.2
Dividend Growth(5Y)-13.76%
DP75.72%
Div Incr Years4
Div Non Decr Years4
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)6.97%
PT rev (3m)8.87%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.84%
Revenue NY rev (3m)22.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.38 | ||
| Fwd PE | 10.05 | ||
| P/S | 4.25 | ||
| P/FCF | 8.72 | ||
| P/OCF | 8.7 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 14.19 |
EPS(TTM)1.99
EY10.66%
EPS(NY)1.86
Fwd EY9.95%
FCF(TTM)2.14
FCFY11.47%
OCF(TTM)2.14
OCFY11.49%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)3.64
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.5% | ||
| ROE | 8.4% | ||
| ROCE | 5.84% | ||
| ROIC | 4.3% | ||
| ROICexc | 4.35% | ||
| ROICexgc | 4.35% | ||
| OM | 64.7% | ||
| PM (TTM) | 43.57% | ||
| GM | 71.57% | ||
| FCFM | 48.8% |
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-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Debt/EBITDA | 7.11 | ||
| Cap/Depr | 15.49% | ||
| Cap/Sales | 0.09% | ||
| Interest Coverage | 3.75 | ||
| Cash Conversion | 74.88% | ||
| Profit Quality | 112.02% | ||
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 | ||
| Altman-Z | 0.07 |
F-Score5
WACC4.91%
ROIC/WACC0.88
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)-15.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-39.52%
EPS Next Y2.58%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue 1Y (TTM)7.35%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%11.89%
Revenue Next Year16.51%
Revenue Next 2Y8.88%
Revenue Next 3Y6.35%
Revenue Next 5YN/A
EBIT growth 1Y13.86%
EBIT growth 3Y5.56%
EBIT growth 5Y-4.24%
EBIT Next Year20.51%
EBIT Next 3Y8.19%
EBIT Next 5YN/A
FCF growth 1Y21.84%
FCF growth 3Y4.84%
FCF growth 5Y-4.2%
OCF growth 1Y21.6%
OCF growth 3Y4.72%
OCF growth 5Y-4.26%