WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
Europe - EBR:WEHB - BE0003724383 - REIT
52 EUR
-0.4 (-0.76%)
We assign a fundamental rating of 5 out of 10 to WEHB. WEHB was compared to 39 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
WEHB had positive earnings in the past year.
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 Return On Assets value of 3.00%, WEHB perfoms like the industry average, outperforming 58.97% of the companies in the same industry.
WEHB's Return On Equity of 4.72% is in line compared to the rest of the industry. WEHB outperforms 46.15% of its industry peers.
With a decent Return On Invested Capital value of 4.16%, WEHB is doing good in the industry, outperforming 71.79% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for WEHB is in line with the industry average of 3.49%.
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
Looking at the Profit Margin, with a value of 41.95%, WEHB is in line with its industry, outperforming 51.28% of the companies in the same industry.
In the last couple of years the Profit Margin of WEHB has grown nicely.
WEHB has a Operating Margin (68.91%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of WEHB has remained more or less at the same level.
WEHB's Gross Margin of 78.63% is fine compared to the rest of the industry. WEHB outperforms 64.10% 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
WEHB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 1.14, 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 1.14, WEHB is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that WEHB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.38, WEHB belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.14 |
ROIC/WACC0.68
WACC6.12%
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 66.67% of its industry peers.
A Quick Ratio of 0.33 indicates that WEHB may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.33, WEHB is doing worse than 61.54% of the companies in the same 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.
The Revenue has grown by 13.17% in the past year. This is quite good.
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
WEHB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.08% yearly.
The Revenue is expected to grow by 2.46% on average over the next years.
EPS Next Y17.26%
EPS Next 2Y16.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.49%
Revenue Next 2Y2.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
WEHB is valuated correctly with a Price/Earnings ratio of 13.44.
Compared to the rest of the industry, the Price/Earnings ratio of WEHB is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.49. WEHB is valued rather cheaply when compared to this.
WEHB is valuated cheaply with a Price/Forward Earnings ratio of 7.97.
Based on the Price/Forward Earnings ratio, WEHB is valued cheaply inside the industry as 92.31% of the companies are valued more expensively.
WEHB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| Fwd PE | 7.97 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WEHB indicates a somewhat cheap valuation: WEHB is cheaper than 69.23% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.8 |
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.
WEHB's earnings are expected to grow with 16.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.78
PEG (5Y)0.81
EPS Next 2Y16.08%
EPS Next 3YN/A
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 5.56, WEHB has a dividend in line with its industry peers.
WEHB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| 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 more than its dividend. This makes the dividend growth sustainable.
DP48.97%
EPS Next 2Y16.08%
EPS Next 3YN/A
EBR:WEHB (10/14/2025, 7:00:00 PM)
52
-0.4 (-0.76%)
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 Cap486.72M
Analysts82.86
Price Target56.1 (7.88%)
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)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| Fwd PE | 7.97 | ||
| P/S | 5.87 | ||
| P/FCF | N/A | ||
| P/OCF | 8.23 | ||
| P/B | 0.66 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | 14.8 |
EPS(TTM)3.87
EY7.44%
EPS(NY)6.53
Fwd EY12.55%
FCF(TTM)-4.74
FCFYN/A
OCF(TTM)6.32
OCFY12.15%
SpS8.85
BVpS78.75
TBVpS78.75
PEG (NY)0.78
PEG (5Y)0.81
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%
ROICexcg growth 3Y2.69%
ROICexcg 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 | 1.14 |
F-Score5
WACC6.12%
ROIC/WACC0.68
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 Y17.26%
EPS Next 2Y16.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)13.17%
Revenue growth 3Y6.97%
Revenue growth 5Y2.12%
Sales Q2Q%20.29%
Revenue Next Year2.49%
Revenue Next 2Y2.46%
Revenue Next 3YN/A
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%