WERELDHAVE NV (WHA.AS) Stock Fundamental Analysis
Europe - AMS:WHA - NL0000289213 - REIT
18.6 EUR
-0.06 (-0.32%)
Taking everything into account, WHA scores 4 out of 10 in our fundamental rating. WHA was compared to 39 industry peers in the Diversified REITs industry. WHA has a medium profitability rating, but doesn't score so well on its financial health evaluation. WHA has a valuation in line with the averages, but it does not seem to be growing.
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.
The reported net income has been mixed in the past 5 years: WHA reported negative net income in multiple years.
WHA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
WHA's Return On Assets of 3.50% is fine compared to the rest of the industry. WHA outperforms 71.79% of its industry peers.
The Return On Equity of WHA (8.40%) is better than 79.49% of its industry peers.
The Return On Invested Capital of WHA (4.30%) is better than 76.92% 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 3.49%.
The 3 year average ROIC (3.94%) for WHA is below the current ROIC(4.30%), indicating increased profibility in the last year.
| 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 in line with its industry peers.
Looking at the Operating Margin, with a value of 64.70%, WHA is in line with its industry, outperforming 43.59% of the companies in the same industry.
In the last couple of years the Operating Margin of WHA has remained more or less at the same level.
Looking at the Gross Margin, with a value of 71.57%, WHA is in line with its industry, outperforming 43.59% of the companies in the same industry.
WHA's Gross Margin has been stable in the last couple of years.
| 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.
The number of shares outstanding for WHA remains at a similar level 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 has been reduced compared to a year ago.
2.2 Solvency
WHA has an Altman-Z score of 0.07. This is a bad value and indicates that WHA is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.07, WHA is not doing good in the industry: 94.87% of the companies in the same industry are doing better.
The Debt to FCF ratio of WHA is 10.91, which is on the high side as it means it would take WHA, 10.91 years of fcf income to pay off all of its debts.
WHA has a better Debt to FCF ratio (10.91) than 66.67% 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.
The Debt to Equity ratio of WHA (0.90) is worse than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 10.91 | ||
| Altman-Z | 0.07 |
ROIC/WACC0.88
WACC4.91%
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 Current ratio of 0.28. This is in the lower half of the industry: WHA underperforms 71.79% of its industry peers.
A Quick Ratio of 0.28 indicates that WHA may have some problems paying its short term obligations.
The Quick ratio of WHA (0.28) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
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
WHA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.01% yearly.
WHA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.35% yearly.
EPS Next Y2.58%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue Next Year16.51%
Revenue Next 2Y8.88%
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
The Price/Earnings ratio is 9.35, which indicates a very decent valuation of WHA.
Based on the Price/Earnings ratio, WHA is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of WHA to the average of the S&P500 Index (27.31), we can say WHA is valued rather cheaply.
WHA is valuated reasonably with a Price/Forward Earnings ratio of 10.02.
WHA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WHA is cheaper than 69.23% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.85, WHA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.35 | ||
| Fwd PE | 10.02 |
4.2 Price Multiples
76.92% of the companies in the same industry are more expensive than WHA, based on the Enterprise Value to EBITDA ratio.
74.36% of the companies in the same industry are more expensive than WHA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.69 | ||
| EV/EBITDA | 14.18 |
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)3.62
PEG (5Y)N/A
EPS Next 2Y2.62%
EPS Next 3Y3.01%
5. Dividend
5.1 Amount
WHA has a Yearly Dividend Yield of 6.73%, which is a nice return.
Compared to an average industry Dividend Yield of 5.56, WHA pays a better dividend. On top of this WHA pays more dividend than 82.05% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, WHA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
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
WHA pays out 75.72% of its income as dividend. This is not a sustainable payout ratio.
DP75.72%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
AMS:WHA (10/17/2025, 9:05:31 AM)
18.6
-0.06 (-0.32%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners28.76%
Inst Owner ChangeN/A
Ins Owners18.27%
Ins Owner ChangeN/A
Market Cap863.04M
Analysts71.11
Price Target18.79 (1.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
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)6.97%
PT rev (3m)8.87%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.84%
Revenue NY rev (3m)22.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.35 | ||
| Fwd PE | 10.02 | ||
| P/S | 4.24 | ||
| P/FCF | 8.69 | ||
| P/OCF | 8.67 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 14.18 |
EPS(TTM)1.99
EY10.7%
EPS(NY)1.86
Fwd EY9.98%
FCF(TTM)2.14
FCFY11.51%
OCF(TTM)2.14
OCFY11.53%
SpS4.39
BVpS22.74
TBVpS22.74
PEG (NY)3.62
PEG (5Y)N/A
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%
ROICexcg growth 3Y0.66%
ROICexcg 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 | 0.07 |
F-Score5
WACC4.91%
ROIC/WACC0.88
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 Y2.58%
EPS Next 2Y2.62%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue 1Y (TTM)7.35%
Revenue growth 3Y0.24%
Revenue growth 5Y-4.42%
Sales Q2Q%11.89%
Revenue Next Year16.51%
Revenue Next 2Y8.88%
Revenue Next 3Y6.35%
Revenue Next 5YN/A
EBIT growth 1Y13.86%
EBIT growth 3Y5.56%
EBIT growth 5Y-4.24%
EBIT Next Year20.51%
EBIT Next 3Y8.19%
EBIT Next 5YN/A
FCF growth 1Y21.84%
FCF growth 3Y4.84%
FCF growth 5Y-4.2%
OCF growth 1Y21.6%
OCF growth 3Y4.72%
OCF growth 5Y-4.26%