WERELDHAVE NV (WHA.AS) Fundamental Analysis & Valuation

AMS:WHA • NL0000289213

Current stock price

21.9 EUR
+0.15 (+0.69%)
Last:

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

7

1. WHA.AS Profitability Analysis

1.1 Basic Checks

  • WHA had positive earnings in the past year.
  • In the past year WHA had a positive cash flow from operations.
  • WHA had positive earnings in 4 of the past 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 2025 0 100M -100M -200M -300M

1.2 Ratios

  • WHA has a Return On Assets of 4.53%. This is in the better half of the industry: WHA outperforms 73.17% of its industry peers.
  • WHA's Return On Equity of 10.99% is amongst the best of the industry. WHA outperforms 90.24% of its industry peers.
  • WHA has a Return On Invested Capital of 7.02%. This is amongst the best in the industry. WHA outperforms 95.12% of its industry peers.
  • WHA had an Average Return On Invested Capital over the past 3 years of 4.64%. This is in line with the industry average of 3.72%.
  • The 3 year average ROIC (4.64%) for WHA is below the current ROIC(7.02%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.53%
ROE 10.99%
ROIC 7.02%
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

  • WHA's Profit Margin of 37.01% is in line compared to the rest of the industry. WHA outperforms 51.22% of its industry peers.
  • WHA's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 64.15%, WHA is in line with its industry, outperforming 43.90% of the companies in the same industry.
  • WHA's Operating Margin has improved in the last couple of years.
  • WHA has a Gross Margin of 71.16%. This is comparable to the rest of the industry: WHA outperforms 46.34% of its industry peers.
  • WHA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 64.15%
PM (TTM) 37.01%
GM 71.16%
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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WHA is creating some value.
  • WHA has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for WHA has been increased compared to 5 years ago.
  • Compared to 1 year ago, WHA has a worse debt to assets ratio.
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

  • Based on the Altman-Z score of 0.35, we must say that WHA is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.35, WHA is not doing good in the industry: 85.37% of the companies in the same industry are doing better.
  • 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.
  • WHA's Debt to FCF ratio of 10.74 is fine compared to the rest of the industry. WHA outperforms 70.73% of its industry peers.
  • A Debt/Equity ratio of 1.00 indicates that WHA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 1.00, WHA is not doing good in the industry: 73.17% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Altman-Z 0.35
ROIC/WACC1.35
WACC5.2%
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.
  • Looking at the Current ratio, with a value of 0.77, WHA is in the better half of the industry, outperforming 65.85% of the companies in the same industry.
  • A Quick Ratio of 0.77 indicates that WHA may have some problems paying its short term obligations.
  • With a decent Quick ratio value of 0.77, WHA is doing good in the industry, outperforming 65.85% of the companies in the same industry.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. WHA.AS Growth Analysis

3.1 Past

  • The earnings per share for WHA have decreased by -1.21% 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 3.97% on average per year.
  • WHA shows a strong growth in Revenue. In the last year, the Revenue has grown by 68.06%.
  • Measured over the past years, WHA shows a decrease in Revenue. The Revenue has been decreasing by -0.42% on average per year.
EPS 1Y (TTM)-1.21%
EPS 3Y3.97%
EPS 5YN/A
EPS Q2Q%65.12%
Revenue 1Y (TTM)68.06%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%123.74%

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 0.19% on average per year.
  • The Revenue is expected to decrease by -0.03% on average over the next years.
EPS Next Y3.3%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue Next Year2.33%
Revenue Next 2Y1.79%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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6

4. WHA.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 8.36, which indicates a very decent valuation of WHA.
  • Compared to the rest of the industry, the Price/Earnings ratio of WHA indicates a rather cheap valuation: WHA is cheaper than 90.24% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of WHA to the average of the S&P500 Index (25.60), we can say WHA is valued rather cheaply.
  • WHA is valuated reasonably with a Price/Forward Earnings ratio of 11.83.
  • WHA's Price/Forward Earnings ratio is in line with the industry average.
  • WHA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 8.36
Fwd PE 11.83
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 rather cheap when compared to the industry. WHA is cheaper than 97.56% 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 73.17% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.78
EV/EBITDA 9.46
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.
  • WHA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.54
PEG (5Y)N/A
EPS Next 2Y2.74%
EPS Next 3Y0.19%

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

7

5. WHA.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.08%, WHA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.66, WHA pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.88, WHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.08%

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 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

  • 48.35% of the earnings are spent on dividend by WHA. This is a bit on the high side, but may be sustainable.
  • WHA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP48.35%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
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 (4/2/2026, 7:00:00 PM)

21.9

+0.15 (+0.69%)

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 Owners31.36%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap1.02B
Revenue(TTM)322.87M
Net Income(TTM)119.50M
Analysts70
Price Target21.18 (-3.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.08%
Yearly Dividend1.29
Dividend Growth(5Y)8.76%
DP48.35%
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)4.25%
PT rev (3m)10.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.98%
EPS NY rev (3m)1.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.08%
Valuation
Industry RankSector Rank
PE 8.36
Fwd PE 11.83
P/S 3.16
P/FCF 9.78
P/OCF 9.77
P/B 0.94
P/tB 0.94
EV/EBITDA 9.46
EPS(TTM)2.62
EY11.96%
EPS(NY)1.85
Fwd EY8.45%
FCF(TTM)2.24
FCFY10.22%
OCF(TTM)2.24
OCFY10.24%
SpS6.92
BVpS23.3
TBVpS23.3
PEG (NY)2.54
PEG (5Y)N/A
Graham Number37.06
Profitability
Industry RankSector Rank
ROA 4.53%
ROE 10.99%
ROCE 8.54%
ROIC 7.02%
ROICexc 7.33%
ROICexgc 7.33%
OM 64.15%
PM (TTM) 37.01%
GM 71.16%
FCFM 32.35%
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-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.74
Debt/EBITDA 5.19
Cap/Depr 13.86%
Cap/Sales 0.05%
Interest Coverage 5.54
Cash Conversion 50.22%
Profit Quality 87.42%
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 0.35
F-Score4
WACC5.2%
ROIC/WACC1.35
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)-1.21%
EPS 3Y3.97%
EPS 5YN/A
EPS Q2Q%65.12%
EPS Next Y3.3%
EPS Next 2Y2.74%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue 1Y (TTM)68.06%
Revenue growth 3Y9.89%
Revenue growth 5Y-0.42%
Sales Q2Q%123.74%
Revenue Next Year2.33%
Revenue Next 2Y1.79%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A
EBIT growth 1Y66.82%
EBIT growth 3Y13.9%
EBIT growth 5Y3.29%
EBIT Next Year-2.6%
EBIT Next 3Y0.35%
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 5 / 10 to WHA.AS.


What is the valuation status for WHA stock?

ChartMill assigns a valuation rating of 6 / 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 7 / 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.