WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
Europe - EBR:WEHB - BE0003724383 - REIT
52.8 EUR
-0.4 (-0.75%)
Taking everything into account, WEHB scores 5 out of 10 in our fundamental rating. WEHB was compared to 41 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.
In the past year WEHB had a positive cash flow from operations.
Of the past 5 years WEHB 4 years were profitable.
WEHB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of WEHB (3.00%) is better than 60.98% of its industry peers.
WEHB has a Return On Equity of 4.72%. This is comparable to the rest of the industry: WEHB outperforms 48.78% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.16%, WEHB is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
WEHB had an Average Return On Invested Capital over the past 3 years of 3.99%. This is in line with the industry average of 3.46%.
The last Return On Invested Capital (4.16%) for WEHB is above the 3 year average (3.99%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 41.95%, WEHB is in line with its industry, outperforming 53.66% of the companies in the same industry.
In the last couple of years the Profit Margin of WEHB has grown nicely.
The Operating Margin of WEHB (68.91%) is comparable to the rest of the industry.
WEHB's Operating Margin has been stable in the last couple of years.
WEHB has a better Gross Margin (78.63%) than 65.85% of its industry peers.
WEHB's Gross Margin has been stable in the last couple of years.
| 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.
WEHB has about the same amout of shares outstanding than it did 1 year ago.
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
Based on the Altman-Z score of 1.16, we must say that WEHB is in the distress zone and has some risk of bankruptcy.
WEHB has a better Altman-Z score (1.16) than 80.49% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that WEHB is not too dependend on debt financing.
WEHB has a better Debt to Equity ratio (0.38) than 92.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.16 |
ROIC/WACC0.67
WACC6.17%
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.
The Current ratio of WEHB (0.33) is worse than 63.41% 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.
WEHB's Quick ratio of 0.33 is in line compared to the rest of the industry. WEHB outperforms 41.46% of its industry peers.
| 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.
Measured over the past years, WEHB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.58% on average per year.
Looking at the last year, WEHB shows a quite strong growth in Revenue. The Revenue has grown by 13.17% in the last year.
Measured over the past years, WEHB shows a small growth in Revenue. The Revenue has been growing by 2.12% on average per year.
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
The Earnings Per Share is expected to grow by 14.18% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.97% on average over the next years.
EPS Next Y26.32%
EPS Next 2Y16.35%
EPS Next 3Y14.18%
EPS Next 5YN/A
Revenue Next Year14.33%
Revenue Next 2Y8.01%
Revenue Next 3Y5.97%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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.
4. Valuation
4.1 Price/Earnings Ratio
WEHB is valuated correctly with a Price/Earnings ratio of 13.64.
Compared to the rest of the industry, the Price/Earnings ratio of WEHB is on the same level as its industry peers.
WEHB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.56.
A Price/Forward Earnings ratio of 8.05 indicates a reasonable valuation of WEHB.
Based on the Price/Forward Earnings ratio, WEHB is valued cheaper than 87.80% of the companies in the same industry.
WEHB is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.62, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.64 | ||
| Fwd PE | 8.05 |
4.2 Price Multiples
70.73% 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 | 14.99 |
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.
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 14.18% in the coming years.
PEG (NY)0.52
PEG (5Y)0.82
EPS Next 2Y16.35%
EPS Next 3Y14.18%
5. Dividend
5.1 Amount
WEHB has a Yearly Dividend Yield of 5.68%, which is a nice return.
Compared to an average industry Dividend Yield of 5.79, WEHB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, 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
WEHB pays out 48.97% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of WEHB is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP48.97%
EPS Next 2Y16.35%
EPS Next 3Y14.18%
EBR:WEHB (11/18/2025, 10:19:59 AM)
52.8
-0.4 (-0.75%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.71%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap494.21M
Revenue(TTM)82.86M
Net Income(TTM)34.76M
Analysts82.86
Price Target56.1 (6.25%)
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)7.72%
EPS NY rev (3m)7.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)11.55%
Revenue NY rev (3m)11.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.64 | ||
| Fwd PE | 8.05 | ||
| P/S | 5.96 | ||
| P/FCF | N/A | ||
| P/OCF | 8.36 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 14.99 |
EPS(TTM)3.87
EY7.33%
EPS(NY)6.56
Fwd EY12.42%
FCF(TTM)-4.74
FCFYN/A
OCF(TTM)6.32
OCFY11.97%
SpS8.85
BVpS78.75
TBVpS78.75
PEG (NY)0.52
PEG (5Y)0.82
Graham Number82.81
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 | 1.16 |
F-Score5
WACC6.17%
ROIC/WACC0.67
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 Y26.32%
EPS Next 2Y16.35%
EPS Next 3Y14.18%
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%.