Wereldhave invests in convenience shopping centres that are dominant in their micro environment in larger provincial cities in Northwest continental Europe.
Fair value with moderate growth potential.
- Wereldhave has significant price volatility in the past 3 months.
Share Price & News
How has Wereldhave's share price performed over time and what events caused price changes?
Latest Share Price and Events
7 Day Return
1 Year Return
WER underperformed the REITs industry which returned 14.8% over the past year.
WER underperformed the Market in Germany which returned -10.8% over the past year.
Share holder returns
Price Volatility Vs. Market
How volatile is Wereldhave's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Wereldhave undervalued based on future cash flows and its price relative to the stock market?
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Wereldhave's share price is below the future cash flow value, and at a moderate discount (> 20%).
Wereldhave's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Wereldhave is loss making, we can't compare its value to the DE REITs industry average.
Wereldhave is loss making, we can't compare the value of its earnings to the Germany market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Wereldhave, we can't assess if its growth is good value.
Price Based on Value of Assets
Wereldhave is good value based on assets compared to the DE REITs industry average.
How is Wereldhave expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Wereldhave's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Wereldhave's earnings are expected to grow significantly at over 20% yearly.
Wereldhave's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Wereldhave's earnings growth is expected to exceed the Germany market average.
Wereldhave's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Earnings per Share Growth Estimates
Future Return on Equity
Wereldhave is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
How has Wereldhave performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Wereldhave does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Wereldhave's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Wereldhave's 1-year growth to the DE REITs industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if Wereldhave has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
It is difficult to establish if Wereldhave has efficiently used its assets last year compared to the DE REITs industry average (Return on Assets) as it is loss-making.
Return on Capital Employed
It is difficult to establish if Wereldhave improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
How is Wereldhave's financial position?
Financial Position Analysis
Wereldhave's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Wereldhave's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Wereldhave's level of debt (70.9%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (66.3% vs 70.9% today).
Debt is not well covered by operating cash flow (9.9%, less than 20% of total debt).
Wereldhave is making a loss, therefore interest payments are not well covered by earnings.
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
What is Wereldhave's current dividend yield, its reliability and sustainability?
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Wereldhave before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield and Payments Analysis
Wereldhave's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.55%).
Wereldhave's dividend is above the markets top 25% of dividend payers in Germany (4.22%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be thoroughly covered by earnings (46.5x coverage).
What is the CEO of Wereldhave's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Matthijs Storm 0
Mr. Matthijs Storm has been Chief Executive Officer of Wereldhave N.V. since July 9, 2019. Mr. Storm serves as Portfolio Manager of Kempen International Funds - Kempen (Lux) Global Property Fund. Mr. Storm ...
Management Age and Tenure
The tenure for the Wereldhave management team is about average.
Board Age and Tenure
The average tenure for the Wereldhave board of directors is less than 3 years, this suggests a new board.
No 3 month open market individual insider trading information.
Interim Shopping Centre Director
- Tenure: 4.6yrs
Chief Executive Officer
- Tenure: 0.1yrs
Ruud Van Maanen (40yo)
Director of Investor Relations & Corporate Development
- Tenure: 0.0yrs
Belinde Bakker (51yo)
Chief Operating Officer and Managing Director of Wereldhave Netherlands
- Tenure: 3.3yrs
Jeroen Piket (54yo)
- Tenure: 4.9yrs
Managing Director of France
- Tenure: 0.0yrs
Kasper Deforche (38yo)
MD & CEO of Belgium
- Tenure: 3.1yrs
Managing Director for Netherlands
- Tenure: 2.8yrs
Dennis de Vreede (49yo)
CFO & Member of the Management Board
- Tenure: 1.3yrs
- Compensation: €518.91k
Adriaan Nühn (66yo)
Chairman of the Supervisory Board
- Tenure: 2.3yrs
Gert Van de Weerdhof (53yo)
Member of Supervisory Board
- Tenure: 3.3yrs
Hein Brand (64yo)
Member of Supervisory Board
- Tenure: 2.3yrs
Françoise Dechesne (55yo)
Supervisory Board Member
- Tenure: 0.2yrs
Wereldhave N.V.'s company bio, employee growth, exchange listings and data sources
- Name: Wereldhave N.V.
- Ticker: WER
- Exchange: DB
- Founded: 1930
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €719.378m
- Shares outstanding: 40.26m
- Website: https://www.wereldhave.com
Number of Employees
- Wereldhave N.V.
- WTC Schiphol, Tower A
- 3rd Floor
- 1118 BH
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WHA||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Jan 1992|
|WER||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|WRDE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|0NMR||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|WHAA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
Wereldhave invests in convenience shopping centres that are dominant in their micro environment in larger provincial cities in Northwest continental Europe. The catchment area of our centres comprises of a ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/08/21 20:59|
|End of Day Share Price||2019/08/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.