WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:WEHB - BE0003724383 - REIT
52.2 EUR
+0.2 (+0.38%)
Overall WEHB gets a fundamental rating of 5 out of 10. We evaluated WEHB against 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of WEHB while its profitability can be described as average. WEHB has a decent growth rate and is not valued too expensively. Finally WEHB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
WEHB had positive earnings in the past year.
WEHB had a positive operating cash flow in the past year.
WEHB had positive earnings in 4 of the past 5 years.
Each year in the past 5 years WEHB had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.00%, WEHB is in line with its industry, outperforming 60.00% of the companies in the same industry.
WEHB has a Return On Equity of 4.72%. This is comparable to the rest of the industry: WEHB outperforms 47.50% of its industry peers.
With a decent Return On Invested Capital value of 4.16%, WEHB is doing good in the industry, outperforming 72.50% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for WEHB is in line with the industry average of 3.53%.
The 3 year average ROIC (3.99%) for WEHB is below the current ROIC(4.16%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3% | ||
| ROE | 4.72% | ||
| ROIC | 4.16% |
ROA(3y)5.1%
ROA(5y)3.4%
ROE(3y)7.31%
ROE(5y)4.85%
ROIC(3y)3.99%
ROIC(5y)3.87%
1.3 Margins
With a Profit Margin value of 41.95%, WEHB perfoms like the industry average, outperforming 52.50% of the companies in the same industry.
In the last couple of years the Profit Margin of WEHB has grown nicely.
WEHB's Operating Margin of 68.91% is in line compared to the rest of the industry. WEHB outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of WEHB has remained more or less at the same level.
With a decent Gross Margin value of 78.63%, WEHB is doing good in the industry, outperforming 65.00% of the companies in the same industry.
In the last couple of years the Gross Margin of WEHB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 68.91% | ||
| PM (TTM) | 41.95% | ||
| GM | 78.63% |
OM growth 3Y-0.46%
OM growth 5Y-0.55%
PM growth 3Y15.43%
PM growth 5Y17.46%
GM growth 3Y-0.38%
GM growth 5Y-0.35%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WEHB is destroying value.
WEHB has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, WEHB has more shares outstanding
Compared to 1 year ago, WEHB has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.29, we must say that WEHB is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.29, WEHB belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
WEHB has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
WEHB has a Debt to Equity ratio of 0.38. This is amongst the best in the industry. WEHB outperforms 92.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.29 |
ROIC/WACC0.66
WACC6.33%
2.3 Liquidity
WEHB has a Current Ratio of 0.33. This is a bad value and indicates that WEHB is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.33, WEHB is doing worse than 62.50% of the companies in the same industry.
A Quick Ratio of 0.33 indicates that WEHB may have some problems paying its short term obligations.
WEHB has a Quick ratio (0.33) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
WEHB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.49%.
WEHB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.58% yearly.
WEHB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.17%.
WEHB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.12% yearly.
EPS 1Y (TTM)-54.49%
EPS 3Y21.91%
EPS 5Y16.58%
EPS Q2Q%-60.03%
Revenue 1Y (TTM)13.17%
Revenue growth 3Y6.97%
Revenue growth 5Y2.12%
Sales Q2Q%20.29%
3.2 Future
Based on estimates for the next years, WEHB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.62% on average per year.
WEHB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.97% yearly.
EPS Next Y21.21%
EPS Next 2Y13.97%
EPS Next 3Y12.62%
EPS Next 5YN/A
Revenue Next Year14.33%
Revenue Next 2Y8.01%
Revenue Next 3Y5.97%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
With a Price/Earnings ratio of 13.49, WEHB is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as WEHB.
WEHB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.77.
Based on the Price/Forward Earnings ratio of 8.29, the valuation of WEHB can be described as reasonable.
92.50% of the companies in the same industry are more expensive than WEHB, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.35, WEHB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.49 | ||
| Fwd PE | 8.29 |
4.2 Price Multiples
62.50% of the companies in the same industry are more expensive than WEHB, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.67 |
4.3 Compensation for Growth
WEHB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
WEHB has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as WEHB's earnings are expected to grow with 12.62% in the coming years.
PEG (NY)0.64
PEG (5Y)0.81
EPS Next 2Y13.97%
EPS Next 3Y12.62%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.81%, WEHB is a good candidate for dividend investing.
WEHB's Dividend Yield is comparable with the industry average which is at 5.16.
WEHB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.81% |
5.2 History
On average, the dividend of WEHB grows each year by 12.11%, which is quite nice.
Dividend Growth(5Y)12.11%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
48.97% of the earnings are spent on dividend by WEHB. This is a bit on the high side, but may be sustainable.
WEHB's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP48.97%
EPS Next 2Y13.97%
EPS Next 3Y12.62%
EBR:WEHB (12/30/2025, 5:25:08 PM)
52.2
+0.2 (+0.38%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.69%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap596.65M
Revenue(TTM)82.86M
Net Income(TTM)34.76M
Analysts82.86
Price Target53.83 (3.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.81% |
Yearly Dividend4.1
Dividend Growth(5Y)12.11%
DP48.97%
Div Incr Years1
Div Non Decr Years1
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)-4.04%
PT rev (3m)-4.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-4.04%
EPS NY rev (3m)3.36%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)11.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.49 | ||
| Fwd PE | 8.29 | ||
| P/S | 7.2 | ||
| P/FCF | N/A | ||
| P/OCF | 10.09 | ||
| P/B | 0.81 | ||
| P/tB | 0.81 | ||
| EV/EBITDA | 16.67 |
EPS(TTM)3.87
EY7.41%
EPS(NY)6.29
Fwd EY12.06%
FCF(TTM)-3.88
FCFYN/A
OCF(TTM)5.17
OCFY9.91%
SpS7.25
BVpS64.48
TBVpS64.48
PEG (NY)0.64
PEG (5Y)0.81
Graham Number74.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3% | ||
| ROE | 4.72% | ||
| ROCE | 5.55% | ||
| ROIC | 4.16% | ||
| ROICexc | 4.22% | ||
| ROICexgc | 4.22% | ||
| OM | 68.91% | ||
| PM (TTM) | 41.95% | ||
| GM | 78.63% | ||
| FCFM | N/A |
ROA(3y)5.1%
ROA(5y)3.4%
ROE(3y)7.31%
ROE(5y)4.85%
ROIC(3y)3.99%
ROIC(5y)3.87%
ROICexc(3y)4.05%
ROICexc(5y)3.93%
ROICexgc(3y)4.05%
ROICexgc(5y)3.93%
ROCE(3y)5.32%
ROCE(5y)5.17%
ROICexgc growth 3Y2.69%
ROICexgc growth 5Y-0.19%
ROICexc growth 3Y2.69%
ROICexc growth 5Y-0.19%
OM growth 3Y-0.46%
OM growth 5Y-0.55%
PM growth 3Y15.43%
PM growth 5Y17.46%
GM growth 3Y-0.38%
GM growth 5Y-0.35%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.87 | ||
| Cap/Depr | 25939.6% | ||
| Cap/Sales | 124.91% | ||
| Interest Coverage | 5.83 | ||
| Cash Conversion | 102.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 1.29 |
F-Score5
WACC6.33%
ROIC/WACC0.66
Cap/Depr(3y)111.82%
Cap/Depr(5y)77.9%
Cap/Sales(3y)0.54%
Cap/Sales(5y)0.34%
Profit Quality(3y)128.19%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-54.49%
EPS 3Y21.91%
EPS 5Y16.58%
EPS Q2Q%-60.03%
EPS Next Y21.21%
EPS Next 2Y13.97%
EPS Next 3Y12.62%
EPS Next 5YN/A
Revenue 1Y (TTM)13.17%
Revenue growth 3Y6.97%
Revenue growth 5Y2.12%
Sales Q2Q%20.29%
Revenue Next Year14.33%
Revenue Next 2Y8.01%
Revenue Next 3Y5.97%
Revenue Next 5YN/A
EBIT growth 1Y14.32%
EBIT growth 3Y6.48%
EBIT growth 5Y1.55%
EBIT Next Year0.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-191.35%
FCF growth 3Y5.95%
FCF growth 5Y10.77%
OCF growth 1Y21.74%
OCF growth 3Y6.22%
OCF growth 5Y3.28%
WERELDHAVE BELGIUM NV / WEHB.BR FAQ
Can you provide the ChartMill fundamental rating for WERELDHAVE BELGIUM NV?
ChartMill assigns a fundamental rating of 5 / 10 to WEHB.BR.
What is the valuation status for WEHB stock?
ChartMill assigns a valuation rating of 6 / 10 to WERELDHAVE BELGIUM NV (WEHB.BR). This can be considered as Fairly Valued.
What is the profitability of WEHB stock?
WERELDHAVE BELGIUM NV (WEHB.BR) has a profitability rating of 6 / 10.
What is the financial health of WERELDHAVE BELGIUM NV (WEHB.BR) stock?
The financial health rating of WERELDHAVE BELGIUM NV (WEHB.BR) is 3 / 10.
Can you provide the dividend sustainability for WEHB stock?
The dividend rating of WERELDHAVE BELGIUM NV (WEHB.BR) is 7 / 10 and the dividend payout ratio is 48.97%.