WERELDHAVE NV (WHA.AS) Fundamental Analysis & Valuation

AMS:WHA • NL0000289213

Current stock price

20.45 EUR
-0.2 (-0.97%)
Last:

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

7

1. WHA.AS Profitability Analysis

1.1 Basic Checks

  • WHA had positive earnings in the past year.
  • WHA had a positive operating cash flow in the past year.
  • WHA had positive earnings in 4 of the past 5 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 2025 0 100M -100M -200M -300M

1.2 Ratios

  • With a decent Return On Assets value of 4.53%, WHA is doing good in the industry, outperforming 73.81% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 10.99%, WHA belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
  • WHA's Return On Invested Capital of 7.02% is amongst the best of the industry. WHA outperforms 95.24% 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 3.64%.
  • The 3 year average ROIC (4.64%) for WHA is below the current ROIC(7.02%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.53%
ROE 10.99%
ROIC 7.02%
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 (37.01%) which is in line with its industry peers.
  • WHA's Profit Margin has been stable in the last couple of years.
  • WHA's Operating Margin of 64.15% is in line compared to the rest of the industry. WHA outperforms 45.24% of its industry peers.
  • In the last couple of years the Operating Margin of WHA has grown nicely.
  • WHA has a Gross Margin (71.16%) which is in line with its industry peers.
  • WHA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 64.15%
PM (TTM) 37.01%
GM 71.16%
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 just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, WHA has more shares outstanding
  • The number of shares outstanding for WHA has been increased compared to 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

  • WHA has an Altman-Z score of 0.33. This is a bad value and indicates that WHA is not financially healthy and even has some risk of bankruptcy.
  • WHA's Altman-Z score of 0.33 is on the low side compared to the rest of the industry. WHA is outperformed by 90.48% 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 Debt to FCF ratio of 10.74. This is in the better half of the industry: WHA outperforms 71.43% of its industry peers.
  • A Debt/Equity ratio of 1.00 indicates that WHA is somewhat dependend on debt financing.
  • WHA has a Debt to Equity ratio of 1.00. This is in the lower half of the industry: WHA underperforms 76.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Altman-Z 0.33
ROIC/WACC1.37
WACC5.12%
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

  • WHA has a Current Ratio of 0.77. This is a bad value and indicates that WHA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 0.77, WHA is doing good in the industry, outperforming 61.90% 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 has a better Quick ratio (0.77) than 61.90% 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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3

3. WHA.AS Growth Analysis

3.1 Past

  • WHA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.21%.
  • WHA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.97% yearly.
  • Looking at the last year, WHA shows a very strong growth in Revenue. The Revenue has grown by 68.06%.
  • Measured over the past years, WHA shows a decrease in Revenue. The Revenue has been decreasing by -0.42% on average per year.
EPS 1Y (TTM)-1.21%
EPS 3Y3.97%
EPS 5YN/A
EPS Q2Q%65.12%
Revenue 1Y (TTM)68.06%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%123.74%

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 0.19% on average per year.
  • WHA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.03% yearly.
EPS Next Y3.3%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue Next Year2.33%
Revenue Next 2Y1.79%
Revenue Next 3Y-0.03%
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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6

4. WHA.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 7.81, the valuation of WHA can be described as very cheap.
  • Based on the Price/Earnings ratio, WHA is valued cheaper than 90.48% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, WHA is valued rather cheaply.
  • The Price/Forward Earnings ratio is 11.05, which indicates a very decent valuation of WHA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WHA is on the same level as its industry peers.
  • WHA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 7.81
Fwd PE 11.05
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WHA is valued cheaper than 97.62% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WHA indicates a somewhat cheap valuation: WHA is cheaper than 73.81% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.13
EV/EBITDA 9.14
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)2.37
PEG (5Y)N/A
EPS Next 2Y2.74%
EPS Next 3Y0.19%

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

7

5. WHA.AS Dividend Analysis

5.1 Amount

  • WHA has a Yearly Dividend Yield of 6.08%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.61, WHA pays a bit more dividend than its industry peers.
  • WHA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.08%

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 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

  • 48.35% of the earnings are spent on dividend by WHA. This is a bit on the high side, but may be sustainable.
  • WHA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP48.35%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
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 (3/27/2026, 7:00:00 PM)

20.45

-0.2 (-0.97%)

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 Owners31.36%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap954.20M
Revenue(TTM)322.87M
Net Income(TTM)119.50M
Analysts70
Price Target21.18 (3.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.08%
Yearly Dividend1.29
Dividend Growth(5Y)8.76%
DP48.35%
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)4.25%
PT rev (3m)10.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.98%
EPS NY rev (3m)1.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.08%
Valuation
Industry RankSector Rank
PE 7.81
Fwd PE 11.05
P/S 2.96
P/FCF 9.13
P/OCF 9.12
P/B 0.88
P/tB 0.88
EV/EBITDA 9.14
EPS(TTM)2.62
EY12.81%
EPS(NY)1.85
Fwd EY9.05%
FCF(TTM)2.24
FCFY10.95%
OCF(TTM)2.24
OCFY10.97%
SpS6.92
BVpS23.3
TBVpS23.3
PEG (NY)2.37
PEG (5Y)N/A
Graham Number37.06
Profitability
Industry RankSector Rank
ROA 4.53%
ROE 10.99%
ROCE 8.54%
ROIC 7.02%
ROICexc 7.33%
ROICexgc 7.33%
OM 64.15%
PM (TTM) 37.01%
GM 71.16%
FCFM 32.35%
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-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Debt/EBITDA 5.19
Cap/Depr 13.86%
Cap/Sales 0.05%
Interest Coverage 5.54
Cash Conversion 50.22%
Profit Quality 87.42%
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 0.33
F-Score4
WACC5.12%
ROIC/WACC1.37
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)-1.21%
EPS 3Y3.97%
EPS 5YN/A
EPS Q2Q%65.12%
EPS Next Y3.3%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue 1Y (TTM)68.06%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%123.74%
Revenue Next Year2.33%
Revenue Next 2Y1.79%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A
EBIT growth 1Y66.82%
EBIT growth 3Y13.9%
EBIT growth 5Y3.29%
EBIT Next Year-2.6%
EBIT Next 3Y0.35%
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 5 / 10 to WHA.AS.


What is the valuation status for WHA stock?

ChartMill assigns a valuation rating of 6 / 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 7 / 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 7 / 10 and the dividend payout ratio is 48.35%.