WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis

AMS:WHA • NL0000289213

22.05 EUR
+0.35 (+1.61%)
Last: Feb 17, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, WHA scores 4 out of 10 in our fundamental rating. WHA was compared to 41 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 has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

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.
  • 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 0 100M -100M -200M -300M

1.2 Ratios

  • WHA has a Return On Assets of 3.50%. This is in the better half of the industry: WHA outperforms 70.73% of its industry peers.
  • 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.
  • WHA has a better Return On Invested Capital (4.30%) than 75.61% of its industry peers.
  • 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.
  • WHA has a Operating Margin (64.70%) which 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

More info and screens

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.
  • The number of shares outstanding for WHA remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, WHA has more shares outstanding
  • 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

  • Based on the Altman-Z score of 0.13, we must say that WHA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.13, WHA is doing worse than 95.12% of the companies in the same industry.
  • 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 better Debt to FCF ratio (10.91) than 63.41% of its industry peers.
  • A Debt/Equity ratio of 0.90 indicates that WHA is somewhat dependend on debt financing.
  • WHA has a worse Debt to Equity ratio (0.90) than 73.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.9
Debt/FCF 10.91
Altman-Z 0.13
ROIC/WACC0.85
WACC5.08%
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.
  • WHA's Current ratio of 0.28 is on the low side compared to the rest of the industry. WHA is outperformed by 68.29% of its industry peers.
  • A Quick Ratio of 0.28 indicates that WHA may have some problems paying 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

  • The earnings per share for WHA have decreased strongly by -15.97% in the last year.
  • The Revenue has been growing slightly by 7.35% in the past 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

  • The Earnings Per Share is expected to grow by 3.88% on average over the next years.
  • Based on estimates for the next years, WHA will show a small growth in Revenue. The Revenue will grow by 6.35% on average per year.
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.
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.08, which indicates a very decent valuation of WHA.
  • 70.73% of the companies in the same industry are more expensive than WHA, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.16. WHA is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 11.67, the valuation of WHA can be described as very reasonable.
  • WHA's Price/Forward Earnings is on the same level as the industry average.
  • WHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.08
Fwd PE 11.67
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

  • Based on the Enterprise Value to EBITDA ratio, WHA is valued a bit cheaper than the industry average as 73.17% of the companies are valued more expensively.
  • WHA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WHA is cheaper than 70.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.3
EV/EBITDA 15.24
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.
PEG (NY)4.11
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.
  • WHA's Dividend Yield is a higher than the industry average which is at 5.33.
  • Compared to an average S&P500 Dividend Yield of 1.82, WHA pays a better dividend.
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

Find the best dividend stocksShow peers with best dividend

WERELDHAVE NV

AMS:WHA (2/17/2026, 7:00:00 PM)

22.05

+0.35 (+1.61%)

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 Cap1.02B
Revenue(TTM)203.49M
Net Income(TTM)88.65M
Analysts70
Price Target20.32 (-7.85%)
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 11.08
Fwd PE 11.67
P/S 5.03
P/FCF 10.3
P/OCF 10.28
P/B 0.97
P/tB 0.97
EV/EBITDA 15.24
EPS(TTM)1.99
EY9.02%
EPS(NY)1.89
Fwd EY8.57%
FCF(TTM)2.14
FCFY9.71%
OCF(TTM)2.14
OCFY9.73%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)4.11
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
WACC5.08%
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%.