WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
EBR:WEHB - Euronext Brussels - BE0003724383 - REIT - Currency: EUR
We assign a fundamental rating of 5 out of 10 to WEHB. WEHB was compared to 42 industry peers in the Diversified REITs industry. WEHB has only an average score on both its financial health and profitability. 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
WEHB had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 7.19%, WEHB belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.49%, WEHB belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
WEHB's Return On Invested Capital of 3.86% is fine compared to the rest of the industry. WEHB outperforms 70.00% 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 3.65%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.19% | ||
| ROE | 10.49% | ||
| ROIC | 3.86% |
ROA(3y)4.15%
ROA(5y)2.61%
ROE(3y)5.92%
ROE(5y)3.71%
ROIC(3y)3.89%
ROIC(5y)3.88%
1.3 Margins
WEHB has a Profit Margin of 103.16%. This is amongst the best in the industry. WEHB outperforms 97.50% of its industry peers.
In the last couple of years the Profit Margin of WEHB has declined.
The Operating Margin of WEHB (68.22%) is comparable to the rest of the industry.
WEHB's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 79.55%, WEHB perfoms like the industry average, outperforming 60.00% 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 | 68.22% | ||
| PM (TTM) | 103.16% | ||
| GM | 79.55% |
OM growth 3Y-0.44%
OM growth 5Y0.07%
PM growth 3YN/A
PM growth 5Y-8.54%
GM growth 3Y-0.89%
GM growth 5Y0.15%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WEHB is destroying value.
Compared to 1 year ago, WEHB has about the same amount of shares outstanding.
Compared to 5 years ago, WEHB has more shares outstanding
WEHB has a worse debt/assets ratio than last year.
2.2 Solvency
WEHB has an Altman-Z score of 1.20. 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 1.20 is amongst the best of the industry. WEHB outperforms 82.50% of its industry peers.
The Debt to FCF ratio of WEHB is 5.10, which is a neutral value as it means it would take WEHB, 5.10 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.10, WEHB belongs to the top of the industry, outperforming 97.50% of the companies in the same industry.
WEHB has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.29, WEHB belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 5.1 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.68
WACC5.65%
2.3 Liquidity
WEHB has a Current Ratio of 0.22. 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 Current ratio of 0.22. This is amonst the worse of the industry: WEHB underperforms 82.50% of its industry peers.
WEHB has a Quick Ratio of 0.22. This is a bad value and indicates that WEHB is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.22, WEHB is doing worse than 82.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.22 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 97.90% over the past year.
The earnings per share for WEHB have been decreasing by -10.45% on average. This is quite bad
The Revenue has been growing slightly by 1.56% in the past year.
WEHB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.41% yearly.
EPS 1Y (TTM)97.9%
EPS 3YN/A
EPS 5Y-10.45%
EPS Q2Q%286%
Revenue 1Y (TTM)1.56%
Revenue growth 3Y8.49%
Revenue growth 5Y2.41%
Sales Q2Q%1.34%
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 8.79% on average per year.
WEHB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.18% yearly.
EPS Next Y-4.43%
EPS Next 2Y5.86%
EPS Next 3Y8.79%
EPS Next 5YN/A
Revenue Next Year7.72%
Revenue Next 2Y5.07%
Revenue Next 3Y4.18%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
WEHB is valuated cheaply with a Price/Earnings ratio of 5.58.
Compared to the rest of the industry, the Price/Earnings ratio of WEHB indicates a rather cheap valuation: WEHB is cheaper than 100.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of WEHB to the average of the S&P500 Index (28.47), we can say WEHB is valued rather cheaply.
The Price/Forward Earnings ratio is 8.34, which indicates a very decent valuation of WEHB.
WEHB's Price/Forward Earnings ratio is rather cheap when compared to the industry. WEHB is cheaper than 87.50% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WEHB to the average of the S&P500 Index (92.74), we can say WEHB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.58 | ||
| Fwd PE | 8.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WEHB is valued a bit cheaper than 80.00% of the companies in the same industry.
WEHB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WEHB is cheaper than 82.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.37 | ||
| EV/EBITDA | 11.79 |
4.3 Compensation for Growth
WEHB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y5.86%
EPS Next 3Y8.79%
5. Dividend
5.1 Amount
WEHB has a Yearly Dividend Yield of 6.00%, which is a nice return.
WEHB's Dividend Yield is a higher than the industry average which is at 7.06.
Compared to an average S&P500 Dividend Yield of 2.28, WEHB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6% |
5.2 History
The dividend of WEHB is nicely growing with an annual growth rate of 15.09%!
Dividend Growth(5Y)15.09%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
48.24% 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, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP48.24%
EPS Next 2Y5.86%
EPS Next 3Y8.79%
WERELDHAVE BELGIUM NV
EBR:WEHB (2/5/2025, 3:18:48 PM)
47.4
-0.2 (-0.42%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.8%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap421.39M
Analysts82.86
Price Target56.1 (18.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6% |
Yearly Dividend4.2
Dividend Growth(5Y)15.09%
DP48.24%
Div Incr Years2
Div Non Decr Years2
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 | 5.58 | ||
| Fwd PE | 8.34 | ||
| P/S | 5.76 | ||
| P/FCF | 8.37 | ||
| P/OCF | 8.19 | ||
| P/B | 0.59 | ||
| P/tB | 0.59 | ||
| EV/EBITDA | 11.79 |
EPS(TTM)8.5
EY17.93%
EPS(NY)5.68
Fwd EY11.99%
FCF(TTM)5.66
FCFY11.95%
OCF(TTM)5.79
OCFY12.21%
SpS8.24
BVpS80.96
TBVpS80.96
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.19% | ||
| ROE | 10.49% | ||
| ROCE | 5.59% | ||
| ROIC | 3.86% | ||
| ROICexc | 3.9% | ||
| ROICexgc | 3.9% | ||
| OM | 68.22% | ||
| PM (TTM) | 103.16% | ||
| GM | 79.55% | ||
| FCFM | 68.76% |
ROA(3y)4.15%
ROA(5y)2.61%
ROE(3y)5.92%
ROE(5y)3.71%
ROIC(3y)3.89%
ROIC(5y)3.88%
ROICexc(3y)3.95%
ROICexc(5y)3.93%
ROICexgc(3y)3.95%
ROICexgc(5y)3.93%
ROCE(3y)5.18%
ROCE(5y)5.18%
ROICexcg growth 3Y3.42%
ROICexcg growth 5Y-0.92%
ROICexc growth 3Y3.42%
ROICexc growth 5Y-0.92%
OM growth 3Y-0.44%
OM growth 5Y0.07%
PM growth 3YN/A
PM growth 5Y-8.54%
GM growth 3Y-0.89%
GM growth 5Y0.15%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 5.1 | ||
| Debt/EBITDA | 4.11 | ||
| Cap/Depr | 294.62% | ||
| Cap/Sales | 1.5% | ||
| Interest Coverage | 5.79 | ||
| Cash Conversion | 102.23% | ||
| Profit Quality | 66.65% | ||
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.22 | ||
| Altman-Z | 1.2 |
F-Score5
WACC5.65%
ROIC/WACC0.68
Cap/Depr(3y)76.04%
Cap/Depr(5y)2152.84%
Cap/Sales(3y)0.34%
Cap/Sales(5y)4.51%
Profit Quality(3y)121.84%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)97.9%
EPS 3YN/A
EPS 5Y-10.45%
EPS Q2Q%286%
EPS Next Y-4.43%
EPS Next 2Y5.86%
EPS Next 3Y8.79%
EPS Next 5YN/A
Revenue 1Y (TTM)1.56%
Revenue growth 3Y8.49%
Revenue growth 5Y2.41%
Sales Q2Q%1.34%
Revenue Next Year7.72%
Revenue Next 2Y5.07%
Revenue Next 3Y4.18%
Revenue Next 5YN/A
EBIT growth 1Y0.02%
EBIT growth 3Y8.01%
EBIT growth 5Y2.48%
EBIT Next Year25.91%
EBIT Next 3Y8.59%
EBIT Next 5YN/A
FCF growth 1Y12.25%
FCF growth 3Y3.79%
FCF growth 5Y40.31%
OCF growth 1Y14.57%
OCF growth 3Y4.29%
OCF growth 5Y2.33%