WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:WHA - NL0000289213 - REIT
20.3 EUR
-0.1 (-0.49%)
WHA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. While WHA is still in line with the averages on profitability rating, there are concerns on its financial health. WHA has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- WHA had positive earnings in the past year.
- WHA had a positive operating cash flow in the past year.
- In multiple years WHA reported negative net income over the last 5 years.
- In the past 5 years WHA always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.50%, WHA is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
- The Return On Equity of WHA (8.40%) is better than 76.19% of its industry peers.
- WHA's Return On Invested Capital of 4.30% is fine compared to the rest of the industry. WHA outperforms 73.81% 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 3.37%.
- The last Return On Invested Capital (4.30%) for WHA is above the 3 year average (3.94%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.5% | ||
| ROE | 8.4% | ||
| ROIC | 4.3% |
ROA(3y)3.71%
ROA(5y)-1.36%
ROE(3y)8.68%
ROE(5y)-3.34%
ROIC(3y)3.94%
ROIC(5y)3.93%
1.3 Margins
- With a Profit Margin value of 43.57%, WHA perfoms like the industry average, outperforming 54.76% of the companies in the same industry.
- Looking at the Operating Margin, with a value of 64.70%, WHA is in line with its industry, outperforming 42.86% of the companies in the same industry.
- In the last couple of years the Operating Margin of WHA has remained more or less at the same level.
- WHA has a Gross Margin (71.57%) which is in line with its industry peers.
- In the last couple of years the Gross Margin of WHA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.7% | ||
| PM (TTM) | 43.57% | ||
| GM | 71.57% |
OM growth 3Y5.31%
OM growth 5Y0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.3%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
- WHA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for WHA remains at a similar level compared to 1 year ago.
- The number of shares outstanding for WHA has been increased compared to 5 years ago.
- WHA has a better debt/assets ratio than last year.
2.2 Solvency
- WHA has an Altman-Z score of 0.10. This is a bad value and indicates that WHA is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.10, WHA is doing worse than 95.24% of the companies in the same industry.
- The Debt to FCF ratio of WHA is 10.91, which is on the high side as it means it would take WHA, 10.91 years of fcf income to pay off all of its debts.
- WHA has a Debt to FCF ratio of 10.91. This is in the better half of the industry: WHA outperforms 64.29% of its industry peers.
- A Debt/Equity ratio of 0.90 indicates that WHA is somewhat dependend on debt financing.
- WHA's Debt to Equity ratio of 0.90 is on the low side compared to the rest of the industry. WHA is outperformed by 73.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Altman-Z | 0.1 |
ROIC/WACC0.86
WACC4.98%
2.3 Liquidity
- WHA has a Current Ratio of 0.28. This is a bad value and indicates that WHA is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of WHA (0.28) is worse than 66.67% of its industry peers.
- A Quick Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
- The Quick ratio of WHA (0.28) is worse than 61.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
- WHA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.97%.
- WHA shows a small growth in Revenue. In the last year, the Revenue has grown by 7.35%.
- Measured over the past years, WHA shows a decrease in Revenue. The Revenue has been decreasing by -4.42% on average per year.
EPS 1Y (TTM)-15.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-39.52%
Revenue 1Y (TTM)7.35%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%11.89%
3.2 Future
- Based on estimates for the next years, WHA will show a small growth in Earnings Per Share. The EPS will grow by 3.88% on average per year.
- WHA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.35% yearly.
EPS Next Y2.69%
EPS Next 2Y3.52%
EPS Next 3Y3.88%
EPS Next 5YN/A
Revenue Next Year16.34%
Revenue Next 2Y8.8%
Revenue Next 3Y6.35%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 10.20, the valuation of WHA can be described as very reasonable.
- Based on the Price/Earnings ratio, WHA is valued cheaper than 80.95% of the companies in the same industry.
- WHA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.21.
- The Price/Forward Earnings ratio is 10.75, which indicates a very decent valuation of WHA.
- WHA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WHA is cheaper than 64.29% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of WHA to the average of the S&P500 Index (25.98), we can say WHA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.2 | ||
| Fwd PE | 10.75 |
4.2 Price Multiples
- 71.43% of the companies in the same industry are more expensive than WHA, based on the Enterprise Value to EBITDA ratio.
- 73.81% of the companies in the same industry are more expensive than WHA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.48 | ||
| EV/EBITDA | 14.75 |
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.
PEG (NY)3.79
PEG (5Y)N/A
EPS Next 2Y3.52%
EPS Next 3Y3.88%
5. Dividend
5.1 Amount
- WHA has a Yearly Dividend Yield of 6.13%, which is a nice return.
- WHA's Dividend Yield is a higher than the industry average which is at 5.41.
- WHA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
5.2 History
- The dividend of WHA decreases each year by -13.76%.
Dividend Growth(5Y)-13.76%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- 75.72% of the earnings are spent on dividend by WHA. This is not a sustainable payout ratio.
DP75.72%
EPS Next 2Y3.52%
EPS Next 3Y3.88%
WERELDHAVE NV / WHA.AS 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.
What is the profitability of WHA stock?
WERELDHAVE NV (WHA.AS) has a profitability rating of 5 / 10.
Can you provide the financial health for WHA stock?
The financial health rating of WERELDHAVE NV (WHA.AS) is 2 / 10.
How sustainable is the dividend of WERELDHAVE NV (WHA.AS) stock?
The dividend rating of WERELDHAVE NV (WHA.AS) is 5 / 10 and the dividend payout ratio is 75.72%.