WERELDHAVE BELGIUM NV (WEHB.BR) Stock Fundamental Analysis
EBR:WEHB - Euronext Brussels - BE0003724383 - REIT - Currency: EUR
We assign a fundamental rating of 6 out of 10 to WEHB. WEHB was compared to 40 industry peers in the Diversified REITs industry. While WEHB has a great profitability rating, there are some minor concerns on its financial health. WEHB is valued quite cheap, while showing a decent growth score. This is a good combination! Finally WEHB also has an excellent dividend rating. These ratings would make WEHB suitable for value and dividend investing!
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.
Of the past 5 years WEHB 4 years were profitable.
In the past 5 years WEHB always reported a positive cash flow from operatings.
1.2 Ratios
WEHB has a Return On Assets of 6.87%. This is amongst the best in the industry. WEHB outperforms 95.00% of its industry peers.
WEHB has a Return On Equity of 9.86%. This is amongst the best in the industry. WEHB outperforms 87.50% of its industry peers.
WEHB has a Return On Invested Capital of 4.07%. This is in the better half of the industry: WEHB outperforms 70.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WEHB is in line with the industry average of 3.63%.
The 3 year average ROIC (3.99%) for WEHB is below the current ROIC(4.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.87% | ||
| ROE | 9.86% | ||
| ROIC | 4.07% |
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
With an excellent Profit Margin value of 95.35%, WEHB belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
WEHB's Profit Margin has improved in the last couple of years.
The Operating Margin of WEHB (69.11%) is comparable to the rest of the industry.
WEHB's Operating Margin has been stable in the last couple of years.
WEHB has a Gross Margin of 80.35%. This is in the better half of the industry: WEHB outperforms 62.50% of its industry peers.
WEHB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 69.11% | ||
| PM (TTM) | 95.35% | ||
| GM | 80.35% |
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.
WEHB has more shares outstanding than it did 5 years ago.
The debt/assets ratio for WEHB has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.48, we must say that WEHB is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.48, WEHB belongs to the best of the industry, outperforming 92.50% of the companies in the same industry.
WEHB has a debt to FCF ratio of 4.33. This is a neutral value as WEHB would need 4.33 years to pay back of all of its debts.
WEHB's Debt to FCF ratio of 4.33 is amongst the best of the industry. WEHB outperforms 97.50% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that WEHB is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.26, WEHB belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 4.33 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.67
WACC6.09%
2.3 Liquidity
A Current Ratio of 0.48 indicates that WEHB may have some problems paying its short term obligations.
With a Current ratio value of 0.48, WEHB perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
WEHB has a Quick Ratio of 0.48. 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 Quick ratio of WEHB (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
WEHB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 146.01%, which is quite impressive.
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 small growth in Revenue. The Revenue has grown by 3.66% 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)146.01%
EPS 3Y21.91%
EPS 5Y16.58%
EPS Q2Q%-27.91%
Revenue 1Y (TTM)3.66%
Revenue growth 3Y6.97%
Revenue growth 5Y2.12%
Sales Q2Q%5.98%
3.2 Future
The Earnings Per Share is expected to grow by 16.08% on average over the next years. This is quite good.
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
With a Price/Earnings ratio of 6.60, the valuation of WEHB can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of WEHB indicates a rather cheap valuation: WEHB is cheaper than 95.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. WEHB is valued rather cheaply when compared to this.
WEHB is valuated reasonably with a Price/Forward Earnings ratio of 9.40.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WEHB indicates a somewhat cheap valuation: WEHB is cheaper than 77.50% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of WEHB to the average of the S&P500 Index (21.76), we can say WEHB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.6 | ||
| Fwd PE | 9.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WEHB is valued a bit cheaper than 75.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, WEHB is valued a bit cheaper than 77.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.86 | ||
| EV/EBITDA | 13.89 |
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.
WEHB's earnings are expected to grow with 16.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.38
PEG (5Y)0.4
EPS Next 2Y16.08%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.66%, WEHB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.56, WEHB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, WEHB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.66% |
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
50.68% 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.
DP50.68%
EPS Next 2Y16.08%
EPS Next 3YN/A
EBR:WEHB (7/11/2025, 7:00:00 PM)
53.4
+0.2 (+0.38%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.76%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap499.82M
Analysts82.86
Price Target56.1 (5.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.66% |
Yearly Dividend4.1
Dividend Growth(5Y)12.11%
DP50.68%
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 | 6.6 | ||
| Fwd PE | 9.4 | ||
| P/S | 6.63 | ||
| P/FCF | 8.86 | ||
| P/OCF | 8.79 | ||
| P/B | 0.69 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 13.89 |
EPS(TTM)8.09
EY15.15%
EPS(NY)5.68
Fwd EY10.64%
FCF(TTM)6.03
FCFY11.29%
OCF(TTM)6.08
OCFY11.38%
SpS8.05
BVpS77.86
TBVpS77.86
PEG (NY)0.38
PEG (5Y)0.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.87% | ||
| ROE | 9.86% | ||
| ROCE | 5.42% | ||
| ROIC | 4.07% | ||
| ROICexc | 4.12% | ||
| ROICexgc | 4.12% | ||
| OM | 69.11% | ||
| PM (TTM) | 95.35% | ||
| GM | 80.35% | ||
| FCFM | 74.84% |
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-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 4.33 | ||
| Debt/EBITDA | 3.62 | ||
| Cap/Depr | 119.54% | ||
| Cap/Sales | 0.62% | ||
| Interest Coverage | 5.97 | ||
| Cash Conversion | 108.38% | ||
| Profit Quality | 78.49% | ||
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 1.48 |
F-Score6
WACC6.09%
ROIC/WACC0.67
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)146.01%
EPS 3Y21.91%
EPS 5Y16.58%
EPS Q2Q%-27.91%
EPS Next Y17.26%
EPS Next 2Y16.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.66%
Revenue growth 3Y6.97%
Revenue growth 5Y2.12%
Sales Q2Q%5.98%
Revenue Next Year2.49%
Revenue Next 2Y2.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.69%
EBIT growth 3Y6.48%
EBIT growth 5Y1.55%
EBIT Next Year0.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.24%
FCF growth 3Y5.95%
FCF growth 5Y10.77%
OCF growth 1Y-11.46%
OCF growth 3Y6.22%
OCF growth 5Y3.28%