WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:WEHB - BE0003724383 - REIT
49.3 EUR
-0.6 (-1.2%)
We assign a fundamental rating of 5 out of 10 to WEHB. WEHB was compared to 42 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 correct valuation and a medium 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.
In the past 5 years WEHB always reported a positive cash flow from operatings.
1.2 Ratios
WEHB has a Return On Assets (3.00%) which is in line with its industry peers.
WEHB's Return On Equity of 4.72% is in line compared to the rest of the industry. WEHB outperforms 47.62% of its industry peers.
WEHB has a Return On Invested Capital of 4.16%. This is in the better half of the industry: WEHB outperforms 71.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for WEHB is in line with the industry average of 3.53%.
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 52.38% of the companies in the same industry.
WEHB's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 68.91%, WEHB perfoms like the industry average, outperforming 54.76% of the companies in the same industry.
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 66.67% of the companies in the same industry.
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.
The number of shares outstanding for WEHB remains at a similar level compared to 1 year ago.
The number of shares outstanding for WEHB has been increased compared to 5 years ago.
WEHB has a better debt/assets ratio than last year.
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 83.33% 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 92.86% of its industry peers.
| 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.
With a Current ratio value of 0.33, WEHB is not doing good in the industry: 61.90% of the companies in the same industry are doing better.
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 has a Quick ratio (0.33) which is in line with its industry peers.
| 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.
Looking at the last year, WEHB shows a quite strong growth in Revenue. The Revenue has grown by 13.17% in the last year.
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 14.18% on average per year.
Based on estimates for the next years, WEHB will show a small growth in Revenue. The Revenue will grow by 5.97% on average per year.
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
With a Price/Earnings ratio of 12.74, WEHB is valued correctly.
WEHB's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.31, WEHB is valued rather cheaply.
The Price/Forward Earnings ratio is 7.52, which indicates a rather cheap valuation of WEHB.
WEHB's Price/Forward Earnings ratio is rather cheap when compared to the industry. WEHB is cheaper than 92.86% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WEHB to the average of the S&P500 Index (36.56), we can say WEHB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.74 | ||
| Fwd PE | 7.52 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WEHB is valued a bit cheaper than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.25 |
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 14.18% in the coming years.
PEG (NY)0.48
PEG (5Y)0.77
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 2.32, 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.
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 (12/1/2025, 5:21:51 PM)
49.3
-0.6 (-1.2%)
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 Cap563.50M
Revenue(TTM)82.86M
Net Income(TTM)34.76M
Analysts82.86
Price Target56.1 (13.79%)
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 | 12.74 | ||
| Fwd PE | 7.52 | ||
| P/S | 6.8 | ||
| P/FCF | N/A | ||
| P/OCF | 9.53 | ||
| P/B | 0.76 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | 16.25 |
EPS(TTM)3.87
EY7.85%
EPS(NY)6.56
Fwd EY13.3%
FCF(TTM)-3.88
FCFYN/A
OCF(TTM)5.17
OCFY10.49%
SpS7.25
BVpS64.48
TBVpS64.48
PEG (NY)0.48
PEG (5Y)0.77
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 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%.