WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:WEHB - BE0003724383 - REIT
45.3 EUR
-2.3 (-4.83%)
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 may be a bit undervalued, certainly considering the very reasonable score on growth 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.
WEHB had positive earnings in 4 of the past 5 years.
In the past 5 years WEHB always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.00%, WEHB is doing good in the industry, outperforming 60.98% of the companies in the same industry.
With a Return On Equity value of 4.72%, WEHB perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
With a decent Return On Invested Capital value of 4.16%, WEHB is doing good in the industry, outperforming 73.17% 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 3.46%.
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 (41.95%) which is in line with its industry peers.
In the last couple of years the Profit Margin of WEHB has grown nicely.
With a Operating Margin value of 68.91%, WEHB perfoms like the industry average, outperforming 53.66% of the companies in the same industry.
In the last couple of years the Operating Margin of WEHB has remained more or less at the same level.
WEHB has a Gross Margin of 78.63%. This is in the better half of the industry: WEHB outperforms 65.85% of its industry peers.
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.
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
The debt/assets ratio for WEHB has been reduced compared to a year ago.
2.2 Solvency
WEHB has an Altman-Z score of 1.05. This is a bad value and indicates that WEHB is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of WEHB (1.05) is better than 70.73% 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 92.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.05 |
ROIC/WACC0.7
WACC5.98%
2.3 Liquidity
A Current Ratio of 0.33 indicates that WEHB may have some problems paying its short term obligations.
WEHB has a Current ratio of 0.33. This is in the lower half of the industry: WEHB underperforms 63.41% of its industry peers.
A Quick Ratio of 0.33 indicates that WEHB may have some problems paying its short term obligations.
With a Quick ratio value of 0.33, WEHB perfoms like the industry average, outperforming 41.46% of the companies in the same industry.
| 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.
Looking at the last year, WEHB shows a quite strong growth in Revenue. The Revenue has grown by 13.17% in the last year.
The Revenue has been growing slightly by 2.12% on average over the past years.
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 14.18% on average per year.
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.71 indicates a reasonable valuation of WEHB.
Compared to the rest of the industry, the Price/Earnings ratio of WEHB indicates a somewhat cheap valuation: WEHB is cheaper than 70.73% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.45, WEHB is valued rather cheaply.
WEHB is valuated cheaply with a Price/Forward Earnings ratio of 6.91.
Based on the Price/Forward Earnings ratio, WEHB is valued cheaply inside the industry as 92.68% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 34.46. WEHB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.71 | ||
| Fwd PE | 6.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WEHB is valued a bit cheaper than 78.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.71 |
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.
WEHB's earnings are expected to grow with 14.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)0.71
EPS Next 2Y16.35%
EPS Next 3Y14.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.68%, WEHB is a good candidate for dividend investing.
WEHB's Dividend Yield is comparable with the industry average which is at 5.80.
Compared to an average S&P500 Dividend Yield of 2.42, WEHB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
5.2 History
The dividend of WEHB is nicely growing with an annual growth rate of 12.11%!
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 2Y16.35%
EPS Next 3Y14.18%
EBR:WEHB (11/21/2025, 7:00:00 PM)
45.3
-2.3 (-4.83%)
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 Cap424.01M
Revenue(TTM)82.86M
Net Income(TTM)34.76M
Analysts82.86
Price Target56.1 (23.84%)
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 | 11.71 | ||
| Fwd PE | 6.91 | ||
| P/S | 5.12 | ||
| P/FCF | N/A | ||
| P/OCF | 7.17 | ||
| P/B | 0.58 | ||
| P/tB | 0.58 | ||
| EV/EBITDA | 13.71 |
EPS(TTM)3.87
EY8.54%
EPS(NY)6.56
Fwd EY14.48%
FCF(TTM)-4.74
FCFYN/A
OCF(TTM)6.32
OCFY13.95%
SpS8.85
BVpS78.75
TBVpS78.75
PEG (NY)0.44
PEG (5Y)0.71
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 | 1.05 |
F-Score5
WACC5.98%
ROIC/WACC0.7
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 7 / 10 to WERELDHAVE BELGIUM NV (WEHB.BR). This can be considered as Undervalued.
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%.