WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:WHA - NL0000289213 - REIT
20.7 EUR
+0.1 (+0.49%)
WHA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 42 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
- In the past year WHA was profitable.
- WHA had a positive operating cash flow in the past year.
- 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
- WHA has a better Return On Assets (3.50%) than 69.05% of its industry peers.
- WHA has a Return On Equity of 8.40%. This is in the better half of the industry: WHA outperforms 76.19% of its industry peers.
- The Return On Invested Capital of WHA (4.30%) is better 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 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 42.86% of its industry peers.
- WHA's Operating Margin has been stable in the last couple of years.
- WHA has a Gross Margin (71.57%) which is comparable to the rest of the 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.
- 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.
2.2 Solvency
- WHA has an Altman-Z score of 0.11. 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 0.11 is on the low side compared to the rest of the industry. WHA is outperformed by 92.86% 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 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 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Altman-Z | 0.11 |
ROIC/WACC0.86
WACC4.99%
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 has a worse Current ratio (0.28) than 64.29% 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.
- The Quick ratio of WHA (0.28) is comparable to the rest of the industry.
| 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.
- WHA shows a small growth in Revenue. In the last year, the Revenue has grown by 7.35%.
- 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
- The Earnings Per Share is expected to grow by 2.92% on average over the next years.
- WHA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.35% yearly.
EPS Next Y1.15%
EPS Next 2Y1.78%
EPS Next 3Y2.92%
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.
4. Valuation
4.1 Price/Earnings Ratio
- WHA is valuated reasonably with a Price/Earnings ratio of 10.40.
- Based on the Price/Earnings ratio, WHA is valued a bit cheaper than the industry average as 73.81% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 27.33, WHA is valued rather cheaply.
- The Price/Forward Earnings ratio is 11.34, which indicates a very decent valuation of WHA.
- WHA's Price/Forward Earnings ratio is in line with the industry average.
- WHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.4 | ||
| Fwd PE | 11.34 |
4.2 Price Multiples
- WHA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WHA is cheaper than 71.43% 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.67 | ||
| EV/EBITDA | 14.86 |
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)9.08
PEG (5Y)N/A
EPS Next 2Y1.78%
EPS Next 3Y2.92%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.33%, WHA is a good candidate for dividend investing.
- WHA's Dividend Yield is a higher than the industry average which is at 4.99.
- Compared to an average S&P500 Dividend Yield of 1.91, WHA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
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 2Y1.78%
EPS Next 3Y2.92%
AMS:WHA (1/15/2026, 5:26:50 PM)
20.7
+0.1 (+0.49%)
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)02-05 2026-02-05/amc
Inst Owners30.02%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap960.48M
Revenue(TTM)203.49M
Net Income(TTM)88.65M
Analysts71.11
Price Target19.2 (-7.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
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)2.17%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.4%
EPS NY rev (3m)-1.4%
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 | 10.4 | ||
| Fwd PE | 11.34 | ||
| P/S | 4.72 | ||
| P/FCF | 9.67 | ||
| P/OCF | 9.65 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 14.86 |
EPS(TTM)1.99
EY9.61%
EPS(NY)1.83
Fwd EY8.82%
FCF(TTM)2.14
FCFY10.34%
OCF(TTM)2.14
OCFY10.36%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)9.08
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 | 0.11 |
F-Score5
WACC4.99%
ROIC/WACC0.86
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 Y1.15%
EPS Next 2Y1.78%
EPS Next 3Y2.92%
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%.