WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis
Europe - AMS:WHA - NL0000289213 - REIT
18.64 EUR
-0.08 (-0.43%)
Overall WHA gets a fundamental rating of 4 out of 10. We evaluated WHA against 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of WHA while its profitability can be described as average. 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.
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.
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 72.50% of the companies in the same industry.
WHA has a better Return On Equity (8.40%) than 82.50% of its industry peers.
WHA has a Return On Invested Capital of 4.30%. This is in the better half of the industry: WHA outperforms 77.50% 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 3.43%.
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
Looking at the Profit Margin, with a value of 43.57%, WHA is in line with its industry, outperforming 60.00% of the companies in the same industry.
With a Operating Margin value of 64.70%, WHA is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
WHA's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 71.57%, WHA perfoms like the industry average, outperforming 42.50% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WHA is destroying value.
Compared to 1 year ago, WHA has about the same amount of shares outstanding.
WHA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, WHA has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.07, we must say that WHA is in the distress zone and has some risk of bankruptcy.
WHA has a Altman-Z score of 0.07. This is amonst the worse of the industry: WHA underperforms 92.50% of its industry peers.
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's Debt to FCF ratio of 10.91 is fine compared to the rest of the industry. WHA outperforms 65.00% 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 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Altman-Z | 0.07 |
ROIC/WACC0.89
WACC4.86%
2.3 Liquidity
A Current Ratio of 0.28 indicates that WHA may have some problems paying 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 70.00% of its industry peers.
A Quick Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
With a Quick ratio value of 0.28, WHA is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
| 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%.
Looking at the last year, WHA shows a small growth in Revenue. The Revenue has grown by 7.35% in the last year.
WHA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.42% yearly.
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
WHA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.01% yearly.
Based on estimates for the next years, WHA will show a small growth in Revenue. The Revenue will grow by 3.54% on average per year.
EPS Next Y2.58%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue Next Year7.05%
Revenue Next 2Y4.51%
Revenue Next 3Y3.54%
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
WHA is valuated reasonably with a Price/Earnings ratio of 9.37.
Compared to the rest of the industry, the Price/Earnings ratio of WHA indicates a rather cheap valuation: WHA is cheaper than 90.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.27. WHA is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 10.04, the valuation of WHA can be described as very reasonable.
Based on the Price/Forward Earnings ratio, WHA is valued a bit cheaper than 77.50% of the companies in the same industry.
WHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.37 | ||
| Fwd PE | 10.04 |
4.2 Price Multiples
75.00% of the companies in the same industry are more expensive than WHA, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, WHA is valued a bit cheaper than 72.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.71 | ||
| EV/EBITDA | 14.2 |
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)3.63
PEG (5Y)N/A
EPS Next 2Y2.62%
EPS Next 3Y3.01%
5. Dividend
5.1 Amount
WHA has a Yearly Dividend Yield of 6.71%, which is a nice return.
WHA's Dividend Yield is rather good when compared to the industry average which is at 5.57. WHA pays more dividend than 82.50% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, WHA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.71% |
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 2Y2.62%
EPS Next 3Y3.01%
AMS:WHA (9/16/2025, 10:03:29 AM)
18.64
-0.08 (-0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners26.7%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap864.90M
Analysts71.11
Price Target17.56 (-5.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.71% |
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)0%
PT rev (3m)1.77%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.47%
EPS NY rev (3m)1.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)12.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.37 | ||
| Fwd PE | 10.04 | ||
| P/S | 4.25 | ||
| P/FCF | 8.71 | ||
| P/OCF | 8.69 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 14.2 |
EPS(TTM)1.99
EY10.68%
EPS(NY)1.86
Fwd EY9.96%
FCF(TTM)2.14
FCFY11.48%
OCF(TTM)2.14
OCFY11.5%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)3.63
PEG (5Y)N/A
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%
ROICexcg growth 3Y0.66%
ROICexcg 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 | 0.07 |
F-Score5
WACC4.86%
ROIC/WACC0.89
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 Y2.58%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue 1Y (TTM)7.35%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%11.89%
Revenue Next Year7.05%
Revenue Next 2Y4.51%
Revenue Next 3Y3.54%
Revenue Next 5YN/A
EBIT growth 1Y13.86%
EBIT growth 3Y5.56%
EBIT growth 5Y-4.24%
EBIT Next Year11.46%
EBIT Next 3Y5.34%
EBIT Next 5YN/A
FCF growth 1Y21.84%
FCF growth 3Y4.84%
FCF growth 5Y-4.2%
OCF growth 1Y21.6%
OCF growth 3Y4.72%
OCF growth 5Y-4.26%