WERELDHAVE NV (WHA.AS) Fundamental Analysis & Valuation

AMS:WHA • NL0000289213

Current stock price

21 EUR
-0.05 (-0.24%)
Last:

This WHA.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. WHA.AS Profitability Analysis

1.1 Basic Checks

  • WHA had positive earnings in the past year.
  • In the past year WHA had a positive cash flow from operations.
  • Of the past 5 years WHA 4 years were profitable.
  • In the past 5 years WHA always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M

1.2 Ratios

  • WHA's Return On Assets of 4.53% is fine compared to the rest of the industry. WHA outperforms 72.09% of its industry peers.
  • WHA has a better Return On Equity (10.99%) than 88.37% of its industry peers.
  • WHA has a Return On Invested Capital of 7.02%. This is amongst the best in the industry. WHA outperforms 95.35% 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 3.74%.
  • The last Return On Invested Capital (7.02%) for WHA is above the 3 year average (4.64%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.53%
ROE 10.99%
ROIC 7.02%
ROA(3y)3.73%
ROA(5y)0.56%
ROE(3y)8.77%
ROE(5y)1.34%
ROIC(3y)4.64%
ROIC(5y)4.56%
WHA.AS Yearly ROA, ROE, ROICWHA.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 37.01%, WHA is in line with its industry, outperforming 51.16% of the companies in the same industry.
  • WHA's Profit Margin has been stable in the last couple of years.
  • With a Operating Margin value of 64.15%, WHA perfoms like the industry average, outperforming 44.19% of the companies in the same industry.
  • WHA's Operating Margin has improved in the last couple of years.
  • WHA has a Gross Margin of 71.16%. This is comparable to the rest of the industry: WHA outperforms 48.84% of its industry peers.
  • In the last couple of years the Gross Margin of WHA has grown nicely.
Industry RankSector Rank
OM 64.15%
PM (TTM) 37.01%
GM 71.16%
OM growth 3Y3.65%
OM growth 5Y3.73%
PM growth 3Y-1.17%
PM growth 5YN/A
GM growth 3Y0.36%
GM growth 5Y3.47%
WHA.AS Yearly Profit, Operating, Gross MarginsWHA.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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2

2. WHA.AS Health Analysis

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 has been increased compared to 1 year ago.
  • The number of shares outstanding for WHA has been increased compared to 5 years ago.
  • The debt/assets ratio for WHA is higher compared to a year ago.
WHA.AS Yearly Shares OutstandingWHA.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
WHA.AS Yearly Total Debt VS Total AssetsWHA.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 0.34, we must say that WHA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.34, WHA is doing worse than 88.37% of the companies in the same industry.
  • The Debt to FCF ratio of WHA is 10.74, which is on the high side as it means it would take WHA, 10.74 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of WHA (10.74) is better than 72.09% of its industry peers.
  • WHA has a Debt/Equity ratio of 1.00. This is a neutral value indicating WHA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 1.00, WHA is not doing good in the industry: 74.42% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Altman-Z 0.34
ROIC/WACC1.37
WACC5.14%
WHA.AS Yearly LT Debt VS Equity VS FCFWHA.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

  • WHA has a Current Ratio of 0.77. This is a bad value and indicates that WHA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.77, WHA is in the better half of the industry, outperforming 69.77% of the companies in the same industry.
  • WHA has a Quick Ratio of 0.77. 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 (0.77) is better than 69.77% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.77
WHA.AS Yearly Current Assets VS Current LiabilitesWHA.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. WHA.AS Growth Analysis

3.1 Past

  • WHA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.21%.
  • The Earnings Per Share has been growing slightly by 3.97% on average over the past years.
  • The Revenue has grown by 68.06% in the past year. This is a very strong growth!
  • Measured over the past years, WHA shows a decrease in Revenue. The Revenue has been decreasing by -0.42% on average per year.
EPS 1Y (TTM)-1.21%
EPS 3Y3.97%
EPS 5YN/A
EPS Q2Q%65.12%
Revenue 1Y (TTM)68.06%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%123.74%

3.2 Future

  • WHA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.19% yearly.
  • WHA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.03% yearly.
EPS Next Y3.3%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue Next Year2.33%
Revenue Next 2Y1.79%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M 250M
WHA.AS Yearly EPS VS EstimatesWHA.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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6

4. WHA.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • WHA is valuated reasonably with a Price/Earnings ratio of 8.02.
  • Based on the Price/Earnings ratio, WHA is valued cheaply inside the industry as 88.37% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of WHA to the average of the S&P500 Index (25.71), we can say WHA is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 11.34, the valuation of WHA can be described as reasonable.
  • WHA's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of WHA to the average of the S&P500 Index (23.83), we can say WHA is valued rather cheaply.
Industry RankSector Rank
PE 8.02
Fwd PE 11.34
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 97.67% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, WHA is valued a bit cheaper than the industry average as 79.07% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.33
EV/EBITDA 9.24
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of WHA may justify a higher PE ratio.
PEG (NY)2.43
PEG (5Y)N/A
EPS Next 2Y2.74%
EPS Next 3Y0.19%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. WHA.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.08%, WHA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.46, WHA pays a bit more dividend than its industry peers.
  • WHA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 6.08%

5.2 History

  • On average, the dividend of WHA grows each year by 8.76%, which is quite nice.
Dividend Growth(5Y)8.76%
Div Incr Years4
Div Non Decr Years4
WHA.AS Yearly Dividends per shareWHA.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • WHA pays out 48.35% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • WHA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP48.35%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
WHA.AS Yearly Income VS Free CF VS DividendWHA.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M
WHA.AS Dividend Payout.WHA.AS Dividend Payout, showing the Payout Ratio.WHA.AS Dividend Payout.PayoutRetained Earnings

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WHA.AS Fundamentals: All Metrics, Ratios and Statistics

WERELDHAVE NV

AMS:WHA (3/13/2026, 7:00:00 PM)

21

-0.05 (-0.24%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)07-21
Inst Owners31.36%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap974.40M
Revenue(TTM)322.87M
Net Income(TTM)119.50M
Analysts70
Price Target20.32 (-3.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.08%
Yearly Dividend1.29
Dividend Growth(5Y)8.76%
DP48.35%
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)0%
PT rev (3m)5.84%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.98%
EPS NY rev (3m)-0.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.08%
Revenue NY rev (3m)2.94%
Valuation
Industry RankSector Rank
PE 8.02
Fwd PE 11.34
P/S 3.02
P/FCF 9.33
P/OCF 9.31
P/B 0.9
P/tB 0.9
EV/EBITDA 9.24
EPS(TTM)2.62
EY12.48%
EPS(NY)1.85
Fwd EY8.82%
FCF(TTM)2.25
FCFY10.72%
OCF(TTM)2.26
OCFY10.74%
SpS6.96
BVpS23.43
TBVpS23.43
PEG (NY)2.43
PEG (5Y)N/A
Graham Number37.17
Profitability
Industry RankSector Rank
ROA 4.53%
ROE 10.99%
ROCE 8.54%
ROIC 7.02%
ROICexc 7.33%
ROICexgc 7.33%
OM 64.15%
PM (TTM) 37.01%
GM 71.16%
FCFM 32.35%
ROA(3y)3.73%
ROA(5y)0.56%
ROE(3y)8.77%
ROE(5y)1.34%
ROIC(3y)4.64%
ROIC(5y)4.56%
ROICexc(3y)4.74%
ROICexc(5y)4.64%
ROICexgc(3y)4.74%
ROICexgc(5y)4.64%
ROCE(3y)5.62%
ROCE(5y)5.54%
ROICexgc growth 3Y6.09%
ROICexgc growth 5Y3.29%
ROICexc growth 3Y6.09%
ROICexc growth 5Y3.29%
OM growth 3Y3.65%
OM growth 5Y3.73%
PM growth 3Y-1.17%
PM growth 5YN/A
GM growth 3Y0.36%
GM growth 5Y3.47%
F-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Debt/EBITDA 5.19
Cap/Depr 13.86%
Cap/Sales 0.05%
Interest Coverage 5.54
Cash Conversion 50.22%
Profit Quality 87.42%
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 0.34
F-Score4
WACC5.14%
ROIC/WACC1.37
Cap/Depr(3y)37.95%
Cap/Depr(5y)27.98%
Cap/Sales(3y)0.26%
Cap/Sales(5y)0.21%
Profit Quality(3y)108.17%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.21%
EPS 3Y3.97%
EPS 5YN/A
EPS Q2Q%65.12%
EPS Next Y3.3%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue 1Y (TTM)68.06%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%123.74%
Revenue Next Year2.33%
Revenue Next 2Y1.79%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A
EBIT growth 1Y66.82%
EBIT growth 3Y13.9%
EBIT growth 5Y3.29%
EBIT Next Year-2.6%
EBIT Next 3Y0.35%
EBIT Next 5YN/A
FCF growth 1Y13.33%
FCF growth 3Y16.24%
FCF growth 5Y1.45%
OCF growth 1Y13.3%
OCF growth 3Y16.25%
OCF growth 5Y1.44%

WERELDHAVE NV / WHA.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for WERELDHAVE NV?

ChartMill assigns a fundamental rating of 5 / 10 to WHA.AS.


What is the valuation status for WHA stock?

ChartMill assigns a valuation rating of 6 / 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 7 / 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 7 / 10 and the dividend payout ratio is 48.35%.