WERELDHAVE NV (WHA.AS) Fundamental Analysis & Valuation

AMS:WHA • NL0000289213

Current stock price

21.8 EUR
-0.45 (-2.02%)
Last:

This WHA.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. WHA.AS Profitability Analysis

1.1 Basic Checks

  • In the past year WHA was profitable.
  • WHA had a positive operating cash flow in the past year.
  • Of the past 5 years WHA 4 years were profitable.
  • 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 2025 0 100M -100M -200M -300M

1.2 Ratios

  • WHA has a Return On Assets (2.78%) which is in line with its industry peers.
  • WHA has a Return On Equity (6.75%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of WHA (4.73%) is better than 82.93% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WHA is in line with the industry average of 3.57%.
  • The 3 year average ROIC (4.64%) for WHA is below the current ROIC(4.73%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.78%
ROE 6.75%
ROIC 4.73%
ROA(3y)3.73%
ROA(5y)0.56%
ROE(3y)8.77%
ROE(5y)1.34%
ROIC(3y)4.64%
ROIC(5y)4.56%
WHA.AS Yearly ROA, ROE, ROICWHA.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 33.98%, WHA is in line with its industry, outperforming 43.90% of the companies in the same industry.
  • In the last couple of years the Profit Margin of WHA has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 64.64%, WHA is in line with its industry, outperforming 48.78% of the companies in the same industry.
  • In the last couple of years the Operating Margin of WHA has grown nicely.
  • Looking at the Gross Margin, with a value of 71.57%, WHA is in line with its industry, outperforming 46.34% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WHA has grown nicely.
Industry RankSector Rank
OM 64.64%
PM (TTM) 33.98%
GM 71.57%
OM growth 3Y3.65%
OM growth 5Y3.73%
PM growth 3Y-1.17%
PM growth 5YN/A
GM growth 3Y0.36%
GM growth 5Y3.47%
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 2025 0 50 -50 -100

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2

2. WHA.AS Health Analysis

2.1 Basic Checks

  • WHA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for WHA has been increased compared to 1 year ago.
  • The number of shares outstanding for WHA has been increased compared to 5 years ago.
  • The debt/assets ratio for WHA is higher 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 2025 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 2025 1B 2B 3B

2.2 Solvency

  • WHA has an Altman-Z score of 0.24. This is a bad value and indicates that WHA is not financially healthy and even has some risk of bankruptcy.
  • WHA has a worse Altman-Z score (0.24) than 90.24% of its industry peers.
  • The Debt to FCF ratio of WHA is 10.74, which is on the high side as it means it would take WHA, 10.74 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 10.74, WHA is doing good in the industry, outperforming 70.73% of the companies in the same industry.
  • WHA has a Debt/Equity ratio of 1.00. This is a neutral value indicating WHA is somewhat dependend on debt financing.
  • The Debt to Equity ratio of WHA (1.00) is worse than 73.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Altman-Z 0.24
ROIC/WACC0.91
WACC5.19%
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 2025 500M 1B 1.5B

2.3 Liquidity

  • WHA has a Current Ratio of 0.77. 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 (0.77) is better than 60.98% of its industry peers.
  • A Quick Ratio of 0.77 indicates that WHA may have some problems paying its short term obligations.
  • WHA's Quick ratio of 0.77 is fine compared to the rest of the industry. WHA outperforms 63.41% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.77
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 2025 100M 200M 300M 400M

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3

3. WHA.AS Growth Analysis

3.1 Past

  • The earnings per share for WHA have decreased strongly by -39.56% in the last year.
  • Measured over the past 5 years, WHA shows a small growth in Earnings Per Share. The EPS has been growing by 3.87% on average per year.
  • The Revenue has grown by 12.36% in the past year. This is quite good.
  • The Revenue has been decreasing by -0.42% on average over the past years.
EPS 1Y (TTM)-39.56%
EPS 3Y3.87%
EPS 5YN/A
EPS Q2Q%-39.62%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%12.82%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.74% 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 1.28% yearly.
EPS Next Y3.3%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue Next Year2.72%
Revenue Next 2Y2.19%
Revenue Next 3Y1.28%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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 2028 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 2028 1 2 3

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5

4. WHA.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.63, the valuation of WHA can be described as correct.
  • WHA's Price/Earnings ratio is in line with the industry average.
  • WHA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.91.
  • With a Price/Forward Earnings ratio of 11.78, the valuation of WHA can be described as very reasonable.
  • WHA's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.99, WHA is valued a bit cheaper.
Industry RankSector Rank
PE 13.63
Fwd PE 11.78
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 cheaper than 85.37% 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 70.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.79
EV/EBITDA 14.16
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.
  • The decent profitability rating of WHA may justify a higher PE ratio.
PEG (NY)4.13
PEG (5Y)N/A
EPS Next 2Y3.15%
EPS Next 3Y1.74%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. WHA.AS Dividend Analysis

5.1 Amount

  • WHA has a Yearly Dividend Yield of 5.84%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.38, WHA pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, WHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.84%

5.2 History

  • The dividend of WHA is nicely growing with an annual growth rate of 8.76%!
Dividend Growth(5Y)8.76%
Div Incr Years5
Div Non Decr Years5
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

  • 78.78% of the earnings are spent on dividend by WHA. This is not a sustainable payout ratio.
  • WHA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP78.78%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
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 2025 0 100M -100M -200M -300M
WHA.AS Dividend Payout.WHA.AS Dividend Payout, showing the Payout Ratio.WHA.AS Dividend Payout.PayoutRetained Earnings

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WHA.AS Fundamentals: All Metrics, Ratios and Statistics

WERELDHAVE NV

AMS:WHA (4/29/2026, 5:28:43 PM)

21.8

-0.45 (-2.02%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Industry Strength64.86
Industry Growth75.33
Earnings (Last)02-10
Earnings (Next)07-21
Inst Owners32.07%
Inst Owner ChangeN/A
Ins Owners18.17%
Ins Owner ChangeN/A
Market Cap1.02B
Revenue(TTM)215.86M
Net Income(TTM)73.34M
Analysts70.91
Price Target21.18 (-2.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend1.29
Dividend Growth(5Y)8.76%
DP78.78%
Div Incr Years5
Div Non Decr Years5
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)4.25%
PT rev (3m)8.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)3.47%
Valuation
Industry RankSector Rank
PE 13.63
Fwd PE 11.78
P/S 4.74
P/FCF 9.79
P/OCF 9.77
P/B 0.94
P/tB 0.94
EV/EBITDA 14.16
EPS(TTM)1.6
EY7.34%
EPS(NY)1.85
Fwd EY8.49%
FCF(TTM)2.23
FCFY10.22%
OCF(TTM)2.23
OCFY10.23%
SpS4.6
BVpS23.18
TBVpS23.18
PEG (NY)4.13
PEG (5Y)N/A
Graham Number28.8887 (32.52%)
Profitability
Industry RankSector Rank
ROA 2.78%
ROE 6.75%
ROCE 5.75%
ROIC 4.73%
ROICexc 4.94%
ROICexgc 4.94%
OM 64.64%
PM (TTM) 33.98%
GM 71.57%
FCFM 48.4%
ROA(3y)3.73%
ROA(5y)0.56%
ROE(3y)8.77%
ROE(5y)1.34%
ROIC(3y)4.64%
ROIC(5y)4.56%
ROICexc(3y)4.74%
ROICexc(5y)4.64%
ROICexgc(3y)4.74%
ROICexgc(5y)4.64%
ROCE(3y)5.62%
ROCE(5y)5.54%
ROICexgc growth 3Y6.09%
ROICexgc growth 5Y3.29%
ROICexc growth 3Y6.09%
ROICexc growth 5Y3.29%
OM growth 3Y3.65%
OM growth 5Y3.73%
PM growth 3Y-1.17%
PM growth 5YN/A
GM growth 3Y0.36%
GM growth 5Y3.47%
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Debt/EBITDA 7.69
Cap/Depr 13.86%
Cap/Sales 0.08%
Interest Coverage 3.74
Cash Conversion 74.33%
Profit Quality 142.43%
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 0.24
F-Score5
WACC5.19%
ROIC/WACC0.91
Cap/Depr(3y)37.95%
Cap/Depr(5y)27.98%
Cap/Sales(3y)0.26%
Cap/Sales(5y)0.21%
Profit Quality(3y)108.17%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-39.56%
EPS 3Y3.87%
EPS 5YN/A
EPS Q2Q%-39.62%
EPS Next Y3.3%
EPS Next 2Y3.15%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue 1Y (TTM)12.36%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%12.82%
Revenue Next Year2.72%
Revenue Next 2Y2.19%
Revenue Next 3Y1.28%
Revenue Next 5YN/A
EBIT growth 1Y12.38%
EBIT growth 3Y13.9%
EBIT growth 5Y3.29%
EBIT Next Year-0.94%
EBIT Next 3Y1.54%
EBIT Next 5YN/A
FCF growth 1Y13.33%
FCF growth 3Y16.24%
FCF growth 5Y1.45%
OCF growth 1Y13.3%
OCF growth 3Y16.25%
OCF growth 5Y1.44%

WERELDHAVE NV / WHA.AS Fundamental Analysis 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.


How profitable is WERELDHAVE NV (WHA.AS) stock?

WERELDHAVE NV (WHA.AS) has a profitability rating of 6 / 10.


What is the financial health of WERELDHAVE NV (WHA.AS) stock?

The financial health rating of WERELDHAVE NV (WHA.AS) is 2 / 10.


What is the expected EPS growth for WERELDHAVE NV (WHA.AS) stock?

The Earnings per Share (EPS) of WERELDHAVE NV (WHA.AS) is expected to grow by 3.3% in the next year.