WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:WEHB - BE0003724383 - REIT
49.8 EUR
-0.4 (-0.8%)
Overall WEHB gets a fundamental rating of 5 out of 10. We evaluated WEHB against 40 industry peers in the Diversified REITs industry. While WEHB is still in line with the averages on profitability rating, there are concerns on its financial health. WEHB is not valued too expensively and it also shows a decent growth rate. Finally WEHB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year WEHB was profitable.
WEHB had a positive operating cash flow in the past year.
WEHB had positive earnings in 4 of the past 5 years.
WEHB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
WEHB has a Return On Assets (3.00%) which is in line with its industry peers.
WEHB has a Return On Equity (4.72%) which is comparable to the rest of the industry.
The Return On Invested Capital of WEHB (4.16%) is better than 72.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WEHB is in line with the industry average of 3.46%.
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
WEHB has a Profit Margin of 41.95%. This is comparable to the rest of the industry: WEHB outperforms 52.50% of its industry peers.
WEHB's Profit Margin has improved in the last couple of years.
WEHB has a Operating Margin of 68.91%. This is comparable to the rest of the industry: WEHB outperforms 52.50% of its industry peers.
WEHB's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 78.63%, WEHB is in the better half of 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WEHB is destroying value.
Compared to 1 year ago, WEHB has about the same amount of shares outstanding.
WEHB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, WEHB has an improved debt to assets ratio.
2.2 Solvency
WEHB has an Altman-Z score of 1.26. This is a bad value and indicates that WEHB is not financially healthy and even has some risk of bankruptcy.
WEHB's Altman-Z score of 1.26 is amongst the best of the industry. WEHB outperforms 82.50% of its industry peers.
WEHB has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.38, WEHB belongs to the best of the industry, outperforming 92.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.26 |
ROIC/WACC0.66
WACC6.27%
2.3 Liquidity
A Current Ratio of 0.33 indicates that WEHB may have some problems paying its short term obligations.
WEHB has a worse Current ratio (0.33) than 65.00% of its industry peers.
WEHB has a Quick 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.
With a Quick ratio value of 0.33, WEHB is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
The earnings per share for WEHB have decreased strongly by -54.49% in the last year.
WEHB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.58% yearly.
The Revenue has grown by 13.17% in the past year. This is quite good.
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
WEHB is valuated correctly with a Price/Earnings ratio of 12.87.
WEHB's Price/Earnings is on the same level as the industry average.
WEHB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.54.
The Price/Forward Earnings ratio is 7.91, which indicates a rather cheap valuation of WEHB.
90.00% of the companies in the same industry are more expensive than WEHB, based on the Price/Forward Earnings ratio.
WEHB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.87 | ||
| Fwd PE | 7.91 |
4.2 Price Multiples
65.00% 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 | 16.31 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of WEHB 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)0.61
PEG (5Y)0.78
EPS Next 2Y13.97%
EPS Next 3Y12.62%
5. Dividend
5.1 Amount
WEHB has a Yearly Dividend Yield of 5.68%, which is a nice return.
WEHB's Dividend Yield is comparable with the industry average which is at 5.37.
Compared to an average S&P500 Dividend Yield of 1.96, WEHB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
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 (12/12/2025, 7:00:00 PM)
49.8
-0.4 (-0.8%)
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 Cap569.21M
Revenue(TTM)82.86M
Net Income(TTM)34.76M
Analysts82.86
Price Target53.83 (8.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
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 | 12.87 | ||
| Fwd PE | 7.91 | ||
| P/S | 6.87 | ||
| P/FCF | N/A | ||
| P/OCF | 9.63 | ||
| P/B | 0.77 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 16.31 |
EPS(TTM)3.87
EY7.77%
EPS(NY)6.29
Fwd EY12.64%
FCF(TTM)-3.88
FCFYN/A
OCF(TTM)5.17
OCFY10.39%
SpS7.25
BVpS64.48
TBVpS64.48
PEG (NY)0.61
PEG (5Y)0.78
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 | 1.26 |
F-Score5
WACC6.27%
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%.