WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis

AMS:WHA • NL0000289213

21.7 EUR
+0.05 (+0.23%)
Last: Feb 16, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to WHA. WHA was compared to 41 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.


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.
  • 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.
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

  • Looking at the Return On Assets, with a value of 3.50%, WHA is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 8.40%, WHA is in the better half of the industry, outperforming 78.05% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.30%, WHA is in the better half of the industry, outperforming 75.61% of the companies in the same industry.
  • WHA had an Average Return On Invested Capital over the past 3 years of 3.94%. This 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 of 43.57%. This is comparable to the rest of the industry: WHA outperforms 56.10% of its industry peers.
  • The Operating Margin of WHA (64.70%) is comparable to the rest of the industry.
  • WHA's Operating Margin has been stable in the last couple of years.
  • WHA has a Gross Margin of 71.57%. This is comparable to the rest of the industry: WHA outperforms 46.34% of its industry peers.
  • WHA's Gross Margin has been stable in the last couple of years.
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

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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.
  • WHA has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for WHA has been increased compared to 5 years ago.
  • The debt/assets ratio for WHA has been reduced 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 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

  • WHA has an Altman-Z score of 0.13. 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 0.13 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 10.91. 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.
  • Looking at the Debt to FCF ratio, with a value of 10.91, WHA is in the better half of the industry, outperforming 63.41% of the companies in the same industry.
  • WHA has a Debt/Equity ratio of 0.90. This is a neutral value indicating 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 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

  • 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.
  • The Current ratio of WHA (0.28) is worse than 68.29% of its industry peers.
  • WHA has a Quick 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 has a Quick ratio of 0.28. This is in the lower half of the industry: WHA underperforms 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%.
  • The Revenue has been growing slightly by 7.35% in the past year.
  • The Revenue has been decreasing by -4.42% on average over the past years.
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

  • 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 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

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.90 indicates a reasonable valuation of WHA.
  • 70.73% of the companies in the same industry are more expensive than WHA, based on the Price/Earnings ratio.
  • WHA is valuated cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 11.49, the valuation of WHA can be described as reasonable.
  • The rest of the industry has a similar Price/Forward Earnings ratio as WHA.
  • When comparing the Price/Forward Earnings ratio of WHA to the average of the S&P500 Index (28.06), we can say WHA is valued rather cheaply.
Industry RankSector Rank
PE 10.9
Fwd PE 11.49
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

  • WHA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WHA is cheaper than 73.17% 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 10.14
EV/EBITDA 15.22
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)4.05
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

  • WHA has a Yearly Dividend Yield of 6.08%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.33, 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 1.82.
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

  • 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%
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

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WERELDHAVE NV

AMS:WHA (2/16/2026, 7:00:00 PM)

21.7

+0.05 (+0.23%)

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 Cap1.01B
Revenue(TTM)203.49M
Net Income(TTM)88.65M
Analysts70
Price Target20.32 (-6.36%)
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 10.9
Fwd PE 11.49
P/S 4.95
P/FCF 10.14
P/OCF 10.12
P/B 0.95
P/tB 0.95
EV/EBITDA 15.22
EPS(TTM)1.99
EY9.17%
EPS(NY)1.89
Fwd EY8.7%
FCF(TTM)2.14
FCFY9.86%
OCF(TTM)2.14
OCFY9.88%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)4.05
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%.