WERELDHAVE NV (WHA.AS) Fundamental Analysis & Valuation

AMS:WHA • NL0000289213

Current stock price

22.15 EUR
-0.05 (-0.23%)
Last:

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

6

1. WHA.AS Profitability Analysis

1.1 Basic Checks

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

1.2 Ratios

  • The Return On Assets of WHA (2.78%) is comparable to the rest of the industry.
  • WHA has a Return On Equity (6.75%) which is comparable to the rest of the industry.
  • WHA has a better Return On Invested Capital (4.73%) than 80.49% 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 3.75%.
  • The last Return On Invested Capital (4.73%) for WHA is above the 3 year average (4.64%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.78%
ROE 6.75%
ROIC 4.73%
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

  • The Profit Margin of WHA (33.98%) is comparable to the rest of the industry.
  • WHA's Profit Margin has been stable in the last couple of years.
  • WHA has a Operating Margin (64.64%) which is in line with its industry peers.
  • WHA's Operating Margin has improved in the last couple of years.
  • WHA has a Gross Margin (71.57%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of WHA has grown nicely.
Industry RankSector Rank
OM 64.64%
PM (TTM) 33.98%
GM 71.57%
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

  • WHA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying 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.
  • Compared to 1 year ago, WHA has a worse debt to assets ratio.
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

  • WHA has an Altman-Z score of 0.23. This is a bad value and indicates that WHA is not financially healthy and even has some risk of bankruptcy.
  • WHA has a Altman-Z score of 0.23. This is amonst the worse of the industry: WHA underperforms 95.12% of its industry peers.
  • 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.
  • WHA has a better Debt to FCF ratio (10.74) than 73.17% of its industry peers.
  • A Debt/Equity ratio of 1.00 indicates that WHA is somewhat dependend on debt financing.
  • WHA has a worse Debt to Equity ratio (1.00) than 75.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Altman-Z 0.23
ROIC/WACC0.91
WACC5.18%
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

  • A Current Ratio of 0.77 indicates that WHA may have some problems paying its short term obligations.
  • The Current ratio of WHA (0.77) is comparable to the rest of the industry.
  • A Quick Ratio of 0.77 indicates that WHA may have some problems paying its short term obligations.
  • The Quick ratio of WHA (0.77) is comparable to the rest of the industry.
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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3

3. WHA.AS Growth Analysis

3.1 Past

  • WHA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -39.56%.
  • WHA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.87% yearly.
  • WHA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.36%.
  • 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)-39.56%
EPS 3Y3.87%
EPS 5YN/A
EPS Q2Q%-39.62%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%12.82%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.74% 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 1.28% on average per year.
EPS Next Y3.3%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue Next Year0.69%
Revenue Next 2Y1.73%
Revenue Next 3Y1.28%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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5

4. WHA.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • WHA is valuated correctly with a Price/Earnings ratio of 13.84.
  • WHA's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of WHA to the average of the S&P500 Index (27.53), we can say WHA is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 11.96, the valuation of WHA can be described as very reasonable.
  • WHA's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of WHA to the average of the S&P500 Index (37.95), we can say WHA is valued rather cheaply.
Industry RankSector Rank
PE 13.84
Fwd PE 11.96
WHA.AS Price Earnings VS Forward Price EarningsWHA.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WHA indicates a rather cheap valuation: WHA is cheaper than 85.37% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WHA indicates a somewhat cheap valuation: WHA is cheaper than 70.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.89
EV/EBITDA 14.11
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.
  • WHA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.2
PEG (5Y)N/A
EPS Next 2Y3.15%
EPS Next 3Y1.74%

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

6

5. WHA.AS Dividend Analysis

5.1 Amount

  • WHA has a Yearly Dividend Yield of 5.80%, which is a nice return.
  • WHA's Dividend Yield is a higher than the industry average which is at 5.18.
  • Compared to an average S&P500 Dividend Yield of 1.82, WHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.8%

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 Years5
Div Non Decr Years5
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 78.78% of its income as dividend. This is not a sustainable payout ratio.
  • WHA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP78.78%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
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 (4/16/2026, 7:00:00 PM)

22.15

-0.05 (-0.23%)

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 Owners32.07%
Inst Owner ChangeN/A
Ins Owners18.17%
Ins Owner ChangeN/A
Market Cap1.03B
Revenue(TTM)215.86M
Net Income(TTM)73.34M
Analysts70.91
Price Target21.18 (-4.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.8%
Yearly Dividend1.29
Dividend Growth(5Y)8.76%
DP78.78%
Div Incr Years5
Div Non Decr Years5
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)4.25%
PT rev (3m)10.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.61%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 13.84
Fwd PE 11.96
P/S 4.79
P/FCF 9.89
P/OCF 9.88
P/B 0.95
P/tB 0.95
EV/EBITDA 14.11
EPS(TTM)1.6
EY7.22%
EPS(NY)1.85
Fwd EY8.36%
FCF(TTM)2.24
FCFY10.11%
OCF(TTM)2.24
OCFY10.12%
SpS4.63
BVpS23.3
TBVpS23.3
PEG (NY)4.2
PEG (5Y)N/A
Graham Number28.9629 (30.76%)
Profitability
Industry RankSector Rank
ROA 2.78%
ROE 6.75%
ROCE 5.75%
ROIC 4.73%
ROICexc 4.94%
ROICexgc 4.94%
OM 64.64%
PM (TTM) 33.98%
GM 71.57%
FCFM 48.4%
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-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Debt/EBITDA 7.69
Cap/Depr 13.86%
Cap/Sales 0.08%
Interest Coverage 3.74
Cash Conversion 74.33%
Profit Quality 142.43%
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 0.23
F-Score5
WACC5.18%
ROIC/WACC0.91
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)-39.56%
EPS 3Y3.87%
EPS 5YN/A
EPS Q2Q%-39.62%
EPS Next Y3.3%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue 1Y (TTM)12.36%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%12.82%
Revenue Next Year0.69%
Revenue Next 2Y1.73%
Revenue Next 3Y1.28%
Revenue Next 5YN/A
EBIT growth 1Y12.38%
EBIT growth 3Y13.9%
EBIT growth 5Y3.29%
EBIT Next Year-0.94%
EBIT Next 3Y1.54%
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 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.


How profitable is WERELDHAVE NV (WHA.AS) stock?

WERELDHAVE NV (WHA.AS) has a profitability rating of 6 / 10.


What is the financial health of WERELDHAVE NV (WHA.AS) stock?

The financial health rating of WERELDHAVE NV (WHA.AS) is 2 / 10.


What is the expected EPS growth for WERELDHAVE NV (WHA.AS) stock?

The Earnings per Share (EPS) of WERELDHAVE NV (WHA.AS) is expected to grow by 3.3% in the next year.