WERELDHAVE NV (WHA.AS) Fundamental Analysis & Valuation

AMS:WHA • NL0000289213

Current stock price

22.2 EUR
0 (0%)
Last:

This WHA.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. WHA.AS Profitability Analysis

1.1 Basic Checks

  • In the past year WHA was profitable.
  • WHA had a positive operating cash flow in the past year.
  • WHA had positive earnings in 4 of the past 5 years.
  • In the past 5 years WHA always reported a positive cash flow from operatings.
WHA.AS Yearly Net Income VS EBIT VS OCF VS FCFWHA.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M

1.2 Ratios

  • WHA has a Return On Assets of 2.78%. This is comparable to the rest of the industry: WHA outperforms 48.78% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.75%, WHA is in line with its industry, outperforming 53.66% of the companies in the same industry.
  • WHA has a better Return On Invested Capital (4.73%) than 80.49% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for WHA is in line with the industry average of 3.75%.
  • The last Return On Invested Capital (4.73%) for WHA is above the 3 year average (4.64%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.78%
ROE 6.75%
ROIC 4.73%
ROA(3y)3.73%
ROA(5y)0.56%
ROE(3y)8.77%
ROE(5y)1.34%
ROIC(3y)4.64%
ROIC(5y)4.56%
WHA.AS Yearly ROA, ROE, ROICWHA.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • With a Profit Margin value of 33.98%, WHA perfoms like the industry average, outperforming 43.90% of the companies in the same industry.
  • WHA's Profit Margin has been stable in the last couple of years.
  • WHA has a Operating Margin (64.64%) which is comparable to the rest of the industry.
  • WHA's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 71.57%, WHA is in line with its industry, outperforming 46.34% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WHA has grown nicely.
Industry RankSector Rank
OM 64.64%
PM (TTM) 33.98%
GM 71.57%
OM growth 3Y3.65%
OM growth 5Y3.73%
PM growth 3Y-1.17%
PM growth 5YN/A
GM growth 3Y0.36%
GM growth 5Y3.47%
WHA.AS Yearly Profit, Operating, Gross MarginsWHA.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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2

2. WHA.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WHA is destroying value.
  • WHA has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, WHA has more shares outstanding
  • WHA has a worse debt/assets ratio than last year.
WHA.AS Yearly Shares OutstandingWHA.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
WHA.AS Yearly Total Debt VS Total AssetsWHA.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 0.23, we must say that WHA is in the distress zone and has some risk of bankruptcy.
  • WHA has a worse Altman-Z score (0.23) than 95.12% of its industry peers.
  • The Debt to FCF ratio of WHA is 10.74, which is on the high side as it means it would take WHA, 10.74 years of fcf income to pay off all of its debts.
  • WHA has a better Debt to FCF ratio (10.74) than 73.17% of its industry peers.
  • WHA has a Debt/Equity ratio of 1.00. This is a neutral value indicating WHA is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.00, WHA is doing worse than 75.61% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Altman-Z 0.23
ROIC/WACC0.91
WACC5.18%
WHA.AS Yearly LT Debt VS Equity VS FCFWHA.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.77 indicates that WHA may have some problems paying its short term obligations.
  • WHA's Current ratio of 0.77 is in line compared to the rest of the industry. WHA outperforms 56.10% of its industry peers.
  • A Quick Ratio of 0.77 indicates that WHA may have some problems paying its short term obligations.
  • WHA has a Quick ratio of 0.77. This is comparable to the rest of the industry: WHA outperforms 58.54% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.77
WHA.AS Yearly Current Assets VS Current LiabilitesWHA.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. WHA.AS Growth Analysis

3.1 Past

  • WHA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -39.56%.
  • Measured over the past 5 years, WHA shows a small growth in Earnings Per Share. The EPS has been growing by 3.87% on average per year.
  • Looking at the last year, WHA shows a quite strong growth in Revenue. The Revenue has grown by 12.36% in the last year.
  • WHA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.42% yearly.
EPS 1Y (TTM)-39.56%
EPS 3Y3.87%
EPS 5YN/A
EPS Q2Q%-39.62%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%12.82%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.74% on average over the next years.
  • WHA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.28% yearly.
EPS Next Y3.3%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue Next Year0.69%
Revenue Next 2Y1.73%
Revenue Next 3Y1.28%
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 decreasing.
  • 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.
WHA.AS Yearly Revenue VS EstimatesWHA.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M 250M
WHA.AS Yearly EPS VS EstimatesWHA.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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5

4. WHA.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.87, the valuation of WHA can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of WHA is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.38, WHA is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 11.99, the valuation of WHA can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WHA is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.20, WHA is valued rather cheaply.
Industry RankSector Rank
PE 13.87
Fwd PE 11.99
WHA.AS Price Earnings VS Forward Price EarningsWHA.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WHA is valued cheaper than 85.37% of the companies in the same industry.
  • 70.73% of the companies in the same industry are more expensive than WHA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.92
EV/EBITDA 14.11
WHA.AS Per share dataWHA.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WHA does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of WHA may justify a higher PE ratio.
PEG (NY)4.21
PEG (5Y)N/A
EPS Next 2Y3.15%
EPS Next 3Y1.74%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. WHA.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.80%, WHA is a good candidate for dividend investing.
  • WHA's Dividend Yield is a higher than the industry average which is at 5.18.
  • WHA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.8%

5.2 History

  • On average, the dividend of WHA grows each year by 8.76%, which is quite nice.
Dividend Growth(5Y)8.76%
Div Incr Years5
Div Non Decr Years5
WHA.AS Yearly Dividends per shareWHA.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • WHA pays out 78.78% of its income as dividend. This is not a sustainable payout ratio.
  • WHA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP78.78%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
WHA.AS Yearly Income VS Free CF VS DividendWHA.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M
WHA.AS Dividend Payout.WHA.AS Dividend Payout, showing the Payout Ratio.WHA.AS Dividend Payout.PayoutRetained Earnings

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WHA.AS Fundamentals: All Metrics, Ratios and Statistics

WERELDHAVE NV

AMS:WHA (4/15/2026, 7:00:00 PM)

22.2

0 (0%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)07-21
Inst Owners32.07%
Inst Owner ChangeN/A
Ins Owners18.17%
Ins Owner ChangeN/A
Market Cap1.04B
Revenue(TTM)215.86M
Net Income(TTM)73.34M
Analysts70.91
Price Target21.18 (-4.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.8%
Yearly Dividend1.29
Dividend Growth(5Y)8.76%
DP78.78%
Div Incr Years5
Div Non Decr Years5
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)4.25%
PT rev (3m)10.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.61%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 13.87
Fwd PE 11.99
P/S 4.8
P/FCF 9.92
P/OCF 9.9
P/B 0.95
P/tB 0.95
EV/EBITDA 14.11
EPS(TTM)1.6
EY7.21%
EPS(NY)1.85
Fwd EY8.34%
FCF(TTM)2.24
FCFY10.08%
OCF(TTM)2.24
OCFY10.1%
SpS4.63
BVpS23.3
TBVpS23.3
PEG (NY)4.21
PEG (5Y)N/A
Graham Number28.9629 (30.46%)
Profitability
Industry RankSector Rank
ROA 2.78%
ROE 6.75%
ROCE 5.75%
ROIC 4.73%
ROICexc 4.94%
ROICexgc 4.94%
OM 64.64%
PM (TTM) 33.98%
GM 71.57%
FCFM 48.4%
ROA(3y)3.73%
ROA(5y)0.56%
ROE(3y)8.77%
ROE(5y)1.34%
ROIC(3y)4.64%
ROIC(5y)4.56%
ROICexc(3y)4.74%
ROICexc(5y)4.64%
ROICexgc(3y)4.74%
ROICexgc(5y)4.64%
ROCE(3y)5.62%
ROCE(5y)5.54%
ROICexgc growth 3Y6.09%
ROICexgc growth 5Y3.29%
ROICexc growth 3Y6.09%
ROICexc growth 5Y3.29%
OM growth 3Y3.65%
OM growth 5Y3.73%
PM growth 3Y-1.17%
PM growth 5YN/A
GM growth 3Y0.36%
GM growth 5Y3.47%
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Debt/EBITDA 7.69
Cap/Depr 13.86%
Cap/Sales 0.08%
Interest Coverage 3.74
Cash Conversion 74.33%
Profit Quality 142.43%
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 0.23
F-Score5
WACC5.18%
ROIC/WACC0.91
Cap/Depr(3y)37.95%
Cap/Depr(5y)27.98%
Cap/Sales(3y)0.26%
Cap/Sales(5y)0.21%
Profit Quality(3y)108.17%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-39.56%
EPS 3Y3.87%
EPS 5YN/A
EPS Q2Q%-39.62%
EPS Next Y3.3%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue 1Y (TTM)12.36%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%12.82%
Revenue Next Year0.69%
Revenue Next 2Y1.73%
Revenue Next 3Y1.28%
Revenue Next 5YN/A
EBIT growth 1Y12.38%
EBIT growth 3Y13.9%
EBIT growth 5Y3.29%
EBIT Next Year-0.94%
EBIT Next 3Y1.54%
EBIT Next 5YN/A
FCF growth 1Y13.33%
FCF growth 3Y16.24%
FCF growth 5Y1.45%
OCF growth 1Y13.3%
OCF growth 3Y16.25%
OCF growth 5Y1.44%

WERELDHAVE NV / WHA.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for WERELDHAVE NV?

ChartMill assigns a fundamental rating of 4 / 10 to WHA.AS.


What is the valuation status for WHA stock?

ChartMill assigns a valuation rating of 5 / 10 to WERELDHAVE NV (WHA.AS). This can be considered as Fairly Valued.


How profitable is WERELDHAVE NV (WHA.AS) stock?

WERELDHAVE NV (WHA.AS) has a profitability rating of 6 / 10.


What is the financial health of WERELDHAVE NV (WHA.AS) stock?

The financial health rating of WERELDHAVE NV (WHA.AS) is 2 / 10.


What is the expected EPS growth for WERELDHAVE NV (WHA.AS) stock?

The Earnings per Share (EPS) of WERELDHAVE NV (WHA.AS) is expected to grow by 3.3% in the next year.