Wereldhave NV (WHA) AI Stock Analysis

• Market Cap: €888.93M
• Dividend Yield: 6.5%
• Average Volume (3M): 84.53K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.26
• Revenue Growth: 7.34%
• EPS Growth: -14.14%
• Country: NL
• Employees: 96
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.91
• Shares Outstanding: 46,396,667
• 10 Day Avg. Volume: 100,179
• 30 Day Avg. Volume: 84,525
• PEG Ratio: 0.15
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 3.13
• P/FCF Ratio: 6.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €18.10
• Price Target Upside: -1.52% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: €20.50 ▲(11.53% Upside)

Wereldhave NV's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's robust profitability and efficient cash flow management position it well in the market. However, the neutral technical indicators suggest a lack of strong momentum, which slightly tempers the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates the company's ability to expand its market presence and enhance its portfolio, supporting long-term stability.

Cash Flow Generation

Strong cash flow generation provides financial flexibility for reinvestment in properties and potential debt reduction, supporting sustainable growth.

Operational Efficiency

High profitability margins demonstrate effective cost management and operational efficiency, crucial for maintaining competitive advantage.

Negative Factors

Earnings Per Share Decline

A decline in EPS growth can indicate challenges in profit generation and may affect shareholder value if not addressed.

Liability Monitoring

High liabilities may limit financial flexibility and increase risk, impacting the company's ability to invest in growth opportunities.

Equity Ratio

A high proportion of liabilities in the capital structure can increase financial risk, potentially affecting long-term stability.

Wereldhave NV Business Overview & Revenue Model

Company Description

Wereldhave NV (WHA) is a Dutch real estate investment company that focuses primarily on shopping centers and retail properties in Europe. The company operates in the retail real estate sector, aiming to create value through the active management and development of its portfolio. Wereldhave's core services include property management, leasing, and development of retail spaces, catering to both tenants and consumers by providing well-located shopping destinations.

How the Company Makes Money

Wereldhave generates revenue primarily through rental income from its portfolio of shopping centers and retail properties. The company leases space to a variety of tenants, including international and local retailers, which provides a stable income stream. Additionally, Wereldhave may engage in property development projects, creating new retail spaces or renovating existing ones to increase their value and attract higher rents. The company also benefits from long-term leases, which contribute to predictable cash flows. Strategic partnerships with retailers and local municipalities can enhance its earnings by facilitating tenant acquisition and improving property visibility. Overall, Wereldhave's revenue model is heavily reliant on the health of the retail sector, tenant occupancy rates, and effective property management.

Wereldhave NV Financial Statement Overview

Summary

Wereldhave NV exhibited strong financial health in 2024 with impressive revenue and profit growth. The company maintained efficient cost management and operational efficiency, as evidenced by high margins and improved ROE. While the balance sheet reflects a stable capital structure, the company should monitor its liabilities to maintain financial flexibility. Overall, the company is in a robust position with solid cash flow generation and profitability.

Income Statement

Wereldhave NV demonstrated strong revenue growth in 2024 with a 4.33% increase from the previous year. The gross profit margin improved to 72.06%, indicating efficient cost management. Net profit margin surged to 60.30%, reflecting robust profitability. EBIT and EBITDA margins were notably high at 92.10% and 90.65%, respectively, highlighting operational efficiency and strong earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.93, indicating a balanced approach to leveraging. Return on equity improved significantly to 11.34%, showing effective use of shareholder funds. The equity ratio stood at 43.37%, suggesting a stable capital structure but with a relatively high proportion of liabilities.

Cash Flow

Wereldhave NV's free cash flow grew by 13.24% in 2024, showcasing strong cash generation capability. The operating cash flow to net income ratio was 0.80, indicating good cash conversion efficiency. Free cash flow to net income ratio was also solid at 0.80, pointing to effective free cash flow management relative to net earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	203.54M	192.12M	184.16M	162.67M	190.77M	220.40M
Gross Profit	151.87M	138.42M	126.42M	120.72M	124.67M	133.03M
EBITDA	132.93M	174.16M	108.47M	97.01M	105.99M	-164.68M
Net Income	88.65M	115.84M	79.42M	57.27M	-226.25M	-186.93M
Balance Sheet
Total Assets	2.54B	2.36B	2.28B	2.10B	2.04B	2.74B
Cash, Cash Equivalents and Short-Term Investments	25.03M	18.32M	25.54M	14.35M	26.77M	67.00M
Total Debt	1.08B	953.14M	960.46M	873.27M	833.16M	1.27B
Total Liabilities	1.25B	1.09B	1.08B	974.81M	941.96M	1.41B
Stockholders Equity	1.06B	1.02B	964.48M	885.68M	866.82M	1.12B
Cash Flow
Free Cash Flow	72.07M	92.18M	81.41M	66.52M	80.00M	97.22M
Operating Cash Flow	72.12M	92.36M	82.55M	66.60M	80.41M	97.44M
Investing Cash Flow	-156.28M	-39.40M	-98.64M	-56.52M	350.01M	39.33M
Financing Cash Flow	62.21M	-60.19M	27.29M	-22.49M	-470.65M	-90.60M

Wereldhave NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:WHA, the sentiment is Positive. The current price of 18.38 is below the 20-day moving average (MA) of 19.48, below the 50-day MA of 19.03, and above the 200-day MA of 17.34, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 25.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:WHA.

Wereldhave NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WHA	73 Outperform	€888.93M	9.66	8.70%	6.50%	7.34%	-14.14%
CTPNV	73 Outperform	€8.69B	7.05	―	3.46%	20.65%	23.70%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%