WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
EBR:WEHB - Euronext Brussels - BE0003724383 - REIT - Currency: EUR
WEHB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. WEHB has only an average score on both its financial health and profitability. WEHB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year WEHB was profitable.
WEHB had a positive operating cash flow in the past year.
Of the past 5 years WEHB 4 years were profitable.
Each year in the past 5 years WEHB had a positive operating cash flow.
1.2 Ratios
WEHB has a Return On Assets of 7.19%. This is amongst the best in the industry. WEHB outperforms 95.35% of its industry peers.
WEHB's Return On Equity of 10.49% is amongst the best of the industry. WEHB outperforms 88.37% of its industry peers.
With a decent Return On Invested Capital value of 3.86%, WEHB is doing good in the industry, outperforming 60.47% of the companies in the same industry.
WEHB had an Average Return On Invested Capital over the past 3 years of 3.89%. This is in line with the industry average of 4.05%.
| 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
With an excellent Profit Margin value of 103.16%, WEHB belongs to the best of the industry, outperforming 97.67% of the companies in the same industry.
WEHB's Profit Margin has declined in the last couple of years.
The Operating Margin of WEHB (68.22%) 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 has a better Gross Margin (79.55%) than 60.47% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WEHB is destroying value.
Compared to 1 year ago, WEHB has about the same amount of shares outstanding.
WEHB has more shares outstanding than it did 5 years ago.
The debt/assets ratio for WEHB is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.25, we must say that WEHB is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of WEHB (1.25) is better than 86.05% of its industry peers.
WEHB has a debt to FCF ratio of 5.10. This is a neutral value as WEHB would need 5.10 years to pay back of all of its debts.
WEHB has a better Debt to FCF ratio (5.10) than 97.67% of its industry peers.
WEHB has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
WEHB's Debt to Equity ratio of 0.29 is amongst the best of the industry. WEHB outperforms 95.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 5.1 | ||
| Altman-Z | 1.25 |
ROIC/WACC0.65
WACC5.93%
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.
Looking at the Current ratio, with a value of 0.22, WEHB is doing worse than 74.42% of the companies in the same industry.
A Quick Ratio of 0.22 indicates that WEHB may have some problems paying its short term obligations.
WEHB has a Quick ratio of 0.22. This is in the lower half of the industry: WEHB underperforms 74.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.22 |
3. Growth
3.1 Past
WEHB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 97.90%, which is quite impressive.
Measured over the past years, WEHB shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.45% on average per year.
WEHB shows a small growth in Revenue. In the last year, the Revenue has grown by 1.56%.
Measured over the past years, WEHB shows a small growth in Revenue. The Revenue has been growing by 2.41% on average per year.
EPS 1Y (TTM)97.9%
EPS 3YN/A
EPS 5Y-10.45%
EPS Q2Q%285.99%
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.
Based on estimates for the next years, WEHB will show a small growth in Revenue. The Revenue will grow by 4.18% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 6.00, the valuation of WEHB can be described as very cheap.
93.02% of the companies in the same industry are more expensive than WEHB, based on the Price/Earnings ratio.
WEHB is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
WEHB is valuated reasonably with a Price/Forward Earnings ratio of 8.98.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WEHB indicates a somewhat cheap valuation: WEHB is cheaper than 79.07% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. WEHB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6 | ||
| Fwd PE | 8.98 |
4.2 Price Multiples
WEHB's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WEHB is cheaper than 72.09% of the companies in the same industry.
WEHB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WEHB is cheaper than 74.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.01 | ||
| EV/EBITDA | 12.39 |
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 5.95%, which is a nice return.
Compared to an average industry Dividend Yield of 8.71, 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 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.95% |
5.2 History
On average, the dividend of WEHB grows each year by 15.09%, which is quite nice.
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%
EBR:WEHB (3/7/2025, 7:00:00 PM)
51
+0.4 (+0.79%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.84%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap453.39M
Analysts82.86
Price Target56.1 (10%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.95% |
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 | 6 | ||
| Fwd PE | 8.98 | ||
| P/S | 6.19 | ||
| P/FCF | 9.01 | ||
| P/OCF | 8.81 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 12.39 |
EPS(TTM)8.5
EY16.67%
EPS(NY)5.68
Fwd EY11.14%
FCF(TTM)5.66
FCFY11.1%
OCF(TTM)5.79
OCFY11.34%
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 | 1.25 |
F-Score5
WACC5.93%
ROIC/WACC0.65
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%285.99%
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%