WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis

AMS:WHA • NL0000289213

22.1 EUR
+0.4 (+1.84%)
Last: Feb 17, 2026, 05:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

WHA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. WHA has a medium profitability rating, but doesn't score so well on its financial health evaluation. WHA is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • WHA had positive earnings in the past year.
  • In the past year WHA had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: WHA reported negative net income in multiple years.
  • WHA had a positive operating cash flow in each of the past 5 years.
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 0 100M -100M -200M -300M

1.2 Ratios

  • With a decent Return On Assets value of 3.50%, WHA is doing good in the industry, outperforming 70.73% of the companies in the same industry.
  • WHA's Return On Equity of 8.40% is fine compared to the rest of the industry. WHA outperforms 78.05% of its industry peers.
  • WHA has a better Return On Invested Capital (4.30%) than 75.61% 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 3.45%.
  • 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 RankSector 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%
WHA.AS Yearly ROA, ROE, ROICWHA.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • WHA has a Profit Margin (43.57%) which is comparable to the rest of the industry.
  • WHA's Operating Margin of 64.70% is in line compared to the rest of the industry. WHA outperforms 43.90% of its industry peers.
  • In the last couple of years the Operating Margin of WHA has remained more or less at the same level.
  • WHA's Gross Margin of 71.57% is in line compared to the rest of the industry. WHA outperforms 46.34% of its industry peers.
  • In the last couple of years the Gross Margin of WHA has remained more or less at the same level.
Industry RankSector 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%
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 0 50 -50 -100

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WHA 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.
  • Compared to 1 year ago, WHA has an improved debt to assets ratio.
WHA.AS Yearly Shares OutstandingWHA.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 0.13, we must say that WHA is in the distress zone and has some risk of bankruptcy.
  • WHA has a Altman-Z score of 0.13. This is amonst the worse of the industry: WHA underperforms 95.12% of its industry peers.
  • 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.
  • The Debt to FCF ratio of WHA (10.91) is better than 63.41% of its industry peers.
  • WHA has a Debt/Equity ratio of 0.90. This is a neutral value indicating WHA is somewhat dependend on debt financing.
  • WHA has a worse Debt to Equity ratio (0.90) than 73.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.9
Debt/FCF 10.91
Altman-Z 0.13
ROIC/WACC0.85
WACC5.06%
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 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
  • WHA has a worse Current ratio (0.28) than 68.29% of its industry peers.
  • A Quick Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
  • WHA has a worse Quick ratio (0.28) than 63.41% of its industry peers.
Industry RankSector Rank
Current Ratio 0.28
Quick Ratio 0.28
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 100M 200M 300M 400M

More info and screens

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

2

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%.
  • Looking at the last year, WHA shows a small growth in Revenue. The Revenue has grown by 7.35% in the last year.
  • 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.
  • Based on estimates for the next years, WHA will show a small growth in Revenue. The Revenue will grow by 6.35% on average per year.
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.
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 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 1 2 3

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.11, which indicates a very decent valuation of WHA.
  • 70.73% of the companies in the same industry are more expensive than WHA, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of WHA to the average of the S&P500 Index (27.19), we can say WHA is valued rather cheaply.
  • The Price/Forward Earnings ratio is 11.70, which indicates a very decent valuation of WHA.
  • WHA's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, WHA is valued rather cheaply.
Industry RankSector Rank
PE 11.11
Fwd PE 11.7
WHA.AS Price Earnings VS Forward Price EarningsWHA.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WHA indicates a somewhat cheap valuation: WHA is cheaper than 73.17% of the companies listed 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 10.33
EV/EBITDA 15.24
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 an expensive valuation of the company.
PEG (NY)4.12
PEG (5Y)N/A
EPS Next 2Y3.52%
EPS Next 3Y3.88%

More info and screens

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.08%, WHA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.33, WHA pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, WHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.08%

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
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 75.72% of its income as dividend. This is not a sustainable payout ratio.
DP75.72%
EPS Next 2Y3.52%
EPS Next 3Y3.88%
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 0 100M -100M -200M -300M
WHA.AS Dividend Payout.WHA.AS Dividend Payout, showing the Payout Ratio.WHA.AS Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

WERELDHAVE NV

AMS:WHA (2/17/2026, 5:29:51 PM)

22.1

+0.4 (+1.84%)

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 Owners30.02%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap1.03B
Revenue(TTM)203.49M
Net Income(TTM)88.65M
Analysts70
Price Target20.32 (-8.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.08%
Yearly Dividend1.2
Dividend Growth(5Y)-13.76%
DP75.72%
Div Incr Years4
Div Non Decr Years4
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)5.84%
PT rev (3m)8.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 11.11
Fwd PE 11.7
P/S 5.04
P/FCF 10.33
P/OCF 10.31
P/B 0.97
P/tB 0.97
EV/EBITDA 15.24
EPS(TTM)1.99
EY9%
EPS(NY)1.89
Fwd EY8.55%
FCF(TTM)2.14
FCFY9.68%
OCF(TTM)2.14
OCFY9.7%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)4.12
PEG (5Y)N/A
Graham Number31.91
Profitability
Industry RankSector Rank
ROA 3.5%
ROE 8.4%
ROCE 5.84%
ROIC 4.3%
ROICexc 4.35%
ROICexgc 4.35%
OM 64.7%
PM (TTM) 43.57%
GM 71.57%
FCFM 48.8%
ROA(3y)3.71%
ROA(5y)-1.36%
ROE(3y)8.68%
ROE(5y)-3.34%
ROIC(3y)3.94%
ROIC(5y)3.93%
ROICexc(3y)3.98%
ROICexc(5y)3.99%
ROICexgc(3y)3.98%
ROICexgc(5y)3.99%
ROCE(3y)5.37%
ROCE(5y)5.39%
ROICexgc growth 3Y0.66%
ROICexgc growth 5Y1.46%
ROICexc growth 3Y0.66%
ROICexc growth 5Y1.46%
OM growth 3Y5.31%
OM growth 5Y0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.3%
GM growth 5Y0.24%
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.9
Debt/FCF 10.91
Debt/EBITDA 7.11
Cap/Depr 15.49%
Cap/Sales 0.09%
Interest Coverage 3.75
Cash Conversion 74.88%
Profit Quality 112.02%
Current Ratio 0.28
Quick Ratio 0.28
Altman-Z 0.13
F-Score5
WACC5.06%
ROIC/WACC0.85
Cap/Depr(3y)34.35%
Cap/Depr(5y)27.26%
Cap/Sales(3y)0.25%
Cap/Sales(5y)0.21%
Profit Quality(3y)99.41%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-39.52%
EPS Next Y2.69%
EPS Next 2Y3.52%
EPS Next 3Y3.88%
EPS Next 5YN/A
Revenue 1Y (TTM)7.35%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%11.89%
Revenue Next Year16.34%
Revenue Next 2Y8.8%
Revenue Next 3Y6.35%
Revenue Next 5YN/A
EBIT growth 1Y13.86%
EBIT growth 3Y5.56%
EBIT growth 5Y-4.24%
EBIT Next Year8.74%
EBIT Next 3Y4.21%
EBIT Next 5YN/A
FCF growth 1Y21.68%
FCF growth 3Y4.84%
FCF growth 5Y-4.2%
OCF growth 1Y21.45%
OCF growth 3Y4.72%
OCF growth 5Y-4.26%

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%.