Wereldhave NV (WHA) AI Stock Analysis

• Market Cap: €852.86M
• Dividend Yield: 6.72%
• Average Volume (3M): 74.72K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.38
• 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: 60,989
• 30 Day Avg. Volume: 74,715
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: €20.00 ▲(8.81% Upside)

Wereldhave NV's overall score is driven by strong financial performance and attractive valuation. Despite bullish technical indicators, caution is advised due to overbought signals. The absence of earnings call data limits insights into future outlooks.

Wereldhave NV Business Overview & Revenue Model

Company Description

At Wereldhave, we're reinventing shopping centers. Our centers are places where people go, not only to shop, but also to work, relax and spend time with friends and family. We now own and operate 30 center locations across the Netherlands, Belgium and France – combining leisure, entertainment, health & beauty and food & drink with more traditional retail. We choose centers close to cities – that are well connected to public transport and where we can offer free parking. Our centers are anchored around food retail – each has at least one hypermarket or two to three supermarkets. Our centers are places where people go, not only to shop, but also to meet and relax with friends and family. We take a deliberately long-term approach. Our aim is to deliver attractive returns for our investors, create positive value for local communities and other stakeholders and, over time, increase the value of our investments. As a business, consumers are at the heart of everything we do.

How the Company Makes Money

Wereldhave NV generates revenue primarily through rental income from its retail properties. The company leases space to various tenants, including shops, restaurants, and entertainment venues, which contribute to a stable cash flow. In addition to rental income, Wereldhave benefits from property management fees and service charges levied on tenants for maintenance and utility services. The company may also engage in property development projects, which can lead to significant capital gains and additional revenue streams. Strategic partnerships with local and international retailers enhance tenant occupancy rates, thereby stabilizing income. Economic factors, such as consumer spending trends and urbanization, also play a crucial role in influencing the company's earnings.

Wereldhave NV Financial Statement Overview

Summary

Wereldhave NV exhibited strong financial health in 2024 with impressive revenue and profit growth. High margins and improved ROE reflect efficient cost management and operational efficiency. The balance sheet is stable, though monitoring liabilities could improve financial flexibility.

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	110.71M	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: Neutral
• Last Price: 18.38
• 50DMA: Negative
• 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 Neutral. The current price of 18.38 is below the 20-day moving average (MA) of 18.70, below the 50-day MA of 18.67, and above the 200-day MA of 16.42, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 44.24 is Neutral, neither overbought nor oversold. The STOCH value of 25.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:WHA.

Wereldhave NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTPNV	75 Outperform	€9.06B	7.51	―	3.30%	21.79%	13.16%
WHA	75 Outperform	€852.86M	9.26	8.70%	6.72%	7.34%	-14.14%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%