WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:WHA - NL0000289213 - REIT
20.325 EUR
+0.32 (+1.62%)
We assign a fundamental rating of 4 out of 10 to WHA. WHA was compared to 42 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year WHA was profitable.
- In the past year WHA had a positive cash flow from operations.
- In multiple years WHA reported negative net income over the last 5 years.
- Each year in the past 5 years WHA had a positive operating cash flow.
1.2 Ratios
- WHA has a Return On Assets of 3.50%. This is in the better half of the industry: WHA outperforms 69.05% of its industry peers.
- The Return On Equity of WHA (8.40%) is better than 76.19% of its industry peers.
- WHA has a better Return On Invested Capital (4.30%) than 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 3.45%.
- 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 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
- WHA's Profit Margin of 43.57% is in line compared to the rest of the industry. WHA outperforms 54.76% of its industry peers.
- WHA has a Operating Margin of 64.70%. This is comparable to the rest of the industry: WHA outperforms 42.86% of its industry peers.
- In the last couple of years the Operating Margin of WHA has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 71.57%, WHA is in line with its industry, outperforming 47.62% of the companies in the same industry.
- 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WHA is destroying value.
- WHA has about the same amout of shares outstanding than it did 1 year ago.
- WHA has more shares outstanding than it did 5 years ago.
- WHA has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.10, we must say that WHA is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.10, WHA is not doing good in the industry: 95.24% of the companies in the same industry are doing better.
- WHA has a debt to FCF ratio of 10.91. This is a negative value and a sign of low solvency as WHA would need 10.91 years to pay back of 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.
- 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 Debt to Equity ratio of 0.90. This is in the lower half of the industry: WHA underperforms 73.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Altman-Z | 0.1 |
ROIC/WACC0.87
WACC4.96%
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.
- WHA's Current ratio of 0.28 is on the low side compared to the rest of the industry. WHA is outperformed by 66.67% of its industry peers.
- A Quick Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
- WHA's Quick ratio of 0.28 is on the low side compared to the rest of the industry. WHA is outperformed by 61.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
- The earnings per share for WHA have decreased strongly by -15.97% in the last year.
- 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.
- The Revenue is expected to grow by 6.35% on average over the next years.
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
- Based on the Price/Earnings ratio of 10.21, the valuation of WHA can be described as reasonable.
- Based on the Price/Earnings ratio, WHA is valued cheaply inside the industry as 80.95% of the companies are valued more expensively.
- WHA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.32.
- A Price/Forward Earnings ratio of 10.76 indicates a reasonable 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.
- WHA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.21 | ||
| Fwd PE | 10.76 |
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 71.43% of the companies listed 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.5 | ||
| EV/EBITDA | 14.65 |
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)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 6.05%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.42, WHA pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.86, WHA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.05% |
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%
AMS:WHA (1/22/2026, 1:23:00 PM)
20.325
+0.32 (+1.62%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-04 2025-11-04
Earnings (Next)02-10 2026-02-10/amc
Inst Owners30.02%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap943.08M
Revenue(TTM)203.49M
Net Income(TTM)88.65M
Analysts71.11
Price Target19.6 (-3.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.05% |
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)2.13%
PT rev (3m)4.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.21 | ||
| Fwd PE | 10.76 | ||
| P/S | 4.63 | ||
| P/FCF | 9.5 | ||
| P/OCF | 9.48 | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | 14.65 |
EPS(TTM)1.99
EY9.79%
EPS(NY)1.89
Fwd EY9.29%
FCF(TTM)2.14
FCFY10.53%
OCF(TTM)2.14
OCFY10.55%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)3.79
PEG (5Y)N/A
Graham Number31.91
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.1 |
F-Score5
WACC4.96%
ROIC/WACC0.87
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 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 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%.