WERELDHAVE NV (WHA.AS) Fundamental Analysis & Valuation

AMS:WHA • NL0000289213

Current stock price

22.95 EUR
+0.8 (+3.61%)
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.
  • Of the past 5 years WHA 4 years were profitable.
  • Each year in the past 5 years WHA had a positive operating cash flow.
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

  • With a Return On Assets value of 2.78%, WHA perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
  • WHA has a Return On Equity (6.75%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of WHA (4.73%) is better than 80.49% of its industry peers.
  • WHA had an Average Return On Invested Capital over the past 3 years of 4.64%. This is in line with the industry average of 3.75%.
  • The 3 year average ROIC (4.64%) for WHA is below the current ROIC(4.73%), indicating increased profibility in the last year.
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

  • WHA has a Profit Margin (33.98%) which is comparable to the rest of the industry.
  • WHA's Profit Margin has been stable in the last couple of years.
  • WHA's Operating Margin of 64.64% is in line compared to the rest of the industry. WHA outperforms 48.78% of its industry peers.
  • In the last couple of years the Operating Margin of WHA has grown nicely.
  • WHA has a Gross Margin (71.57%) which is comparable to the rest of the industry.
  • WHA's Gross Margin has improved in the last couple of years.
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

  • WHA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • WHA has more shares outstanding than it did 1 year ago.
  • WHA has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for WHA is higher compared to a year ago.
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 0.25, we must say that WHA is in the distress zone and has some risk of bankruptcy.
  • WHA's Altman-Z score of 0.25 is on the low side compared to the rest of the industry. WHA is outperformed by 95.12% of its industry peers.
  • WHA has a debt to FCF ratio of 10.74. This is a negative value and a sign of low solvency as WHA would need 10.74 years to pay back of all of its debts.
  • WHA has a Debt to FCF ratio of 10.74. This is in the better half of the industry: WHA outperforms 73.17% of its industry peers.
  • A Debt/Equity ratio of 1.00 indicates that WHA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 1.00, WHA is not doing good in the industry: 75.61% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Altman-Z 0.25
ROIC/WACC0.91
WACC5.22%
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.
  • With a Current ratio value of 0.77, WHA perfoms like the industry average, outperforming 56.10% of the companies in the same industry.
  • A Quick Ratio of 0.77 indicates that WHA may have some problems paying its short term obligations.
  • WHA's Quick ratio of 0.77 is in line compared 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

  • The earnings per share for WHA have decreased strongly by -39.56% in the last year.
  • The Earnings Per Share has been growing slightly by 3.87% on average over the past years.
  • 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

  • Based on estimates for the next years, WHA will show a small growth in Earnings Per Share. The EPS will grow by 1.74% on average per year.
  • Based on estimates for the next years, WHA will show a small growth in Revenue. The Revenue will grow by 1.28% on average per year.
EPS Next Y3.3%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue Next Year2.72%
Revenue Next 2Y2.19%
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

  • The Price/Earnings ratio is 14.34, which indicates a correct valuation of WHA.
  • WHA's Price/Earnings is on the same level as the industry average.
  • WHA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.89.
  • WHA is valuated correctly with a Price/Forward Earnings ratio of 12.40.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WHA is on the same level as its industry peers.
  • WHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.50, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.34
Fwd PE 12.4
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

  • WHA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. WHA is cheaper than 85.37% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, WHA is valued a bit cheaper than the industry average as 70.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.3
EV/EBITDA 14.4
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.
  • WHA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.35
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

  • WHA has a Yearly Dividend Yield of 5.87%, which is a nice return.
  • WHA's Dividend Yield is a higher than the industry average which is at 5.38.
  • Compared to an average S&P500 Dividend Yield of 1.82, WHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.87%

5.2 History

  • The dividend of WHA is nicely growing with an annual growth rate of 8.76%!
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 (4/17/2026, 7:00:00 PM)

22.95

+0.8 (+3.61%)

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 Cap1.08B
Revenue(TTM)215.86M
Net Income(TTM)73.34M
Analysts70.91
Price Target21.18 (-7.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.87%
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)8.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)3.47%
Valuation
Industry RankSector Rank
PE 14.34
Fwd PE 12.4
P/S 4.99
P/FCF 10.3
P/OCF 10.29
P/B 0.99
P/tB 0.99
EV/EBITDA 14.4
EPS(TTM)1.6
EY6.97%
EPS(NY)1.85
Fwd EY8.07%
FCF(TTM)2.23
FCFY9.71%
OCF(TTM)2.23
OCFY9.72%
SpS4.6
BVpS23.18
TBVpS23.18
PEG (NY)4.35
PEG (5Y)N/A
Graham Number28.8887 (25.88%)
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 0.25
F-Score5
WACC5.22%
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 Year2.72%
Revenue Next 2Y2.19%
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.