Wereldhave invests in dominant full-service centers for everyday life in larger provincial cities in northwest continental Europe.
Average dividend payer and fair value.
Share Price & News
How has Wereldhave's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WRDE.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how WRDE.F performed against the US REITs industry.
Return vs Market: Insufficient data to determine how WRDE.F performed against the US Market.
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 compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WRDE.F ($17.25) is trading below our estimate of fair value ($67.8)
Significantly Below Fair Value: WRDE.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WRDE.F is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: WRDE.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WRDE.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WRDE.F is good value based on its PB Ratio (0.5x) compared to the US REITs industry average (2x).
How is Wereldhave forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WRDE.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: WRDE.F is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: WRDE.F's is expected to become profitable in the next 3 years.
Revenue vs Market: WRDE.F's revenue is expected to decline over the next 3 years (-16.2% per year).
High Growth Revenue: WRDE.F's revenue is forecast to decline over the next 3 years (-16.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WRDE.F's Return on Equity is forecast to be low in 3 years time (5%).
How has Wereldhave performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WRDE.F is currently unprofitable.
Growing Profit Margin: WRDE.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WRDE.F is unprofitable, and losses have increased over the past 5 years at a rate of -52.1% per year.
Accelerating Growth: Unable to compare WRDE.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WRDE.F is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.9%).
Return on Equity
High ROE: WRDE.F has a negative Return on Equity (-20.61%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Wereldhave's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: WRDE.F has a high level of physical assets or inventory.
Debt Coverage by Assets: WRDE.F's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: WRDE.F has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: WRDE.F has been profitable on average in the past, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: WRDE.F's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if WRDE.F has a sufficient allowance for bad loans.
Low Risk Liabilities: WRDE.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if WRDE.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WRDE.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if WRDE.F has an appropriate level of bad loans.
What is Wereldhave's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WRDE.F's dividend (15.9%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: WRDE.F's dividend (15.9%) is in the top 25% of dividend payers in the US market (3.9%)
Stability and Growth of Payments
Stable Dividend: WRDE.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: WRDE.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.4%), WRDE.F's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WRDE.F's dividends in 3 years are forecast to be thoroughly covered by earnings (1.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matthijs Storm 0
Mr. Matthijs Storm has been Chief Executive Officer and Member of the Management Board of Wereldhave N.V. since July 9, 2019. Mr. Storm serves as Portfolio Manager of Kempen International Funds - Kempen (L ...
|CFO & Member of the Management Board||1.8yrs||€518.91k||0.015% €101.0k|
|CEO & Member of the Management Board||0.6yrs||no data||no data|
|Chief Operating Officer and Managing Director of Wereldhave Netherlands||3.8yrs||no data||no data|
|Director of Investor Relations & Corporate Development||0yrs||no data||no data|
|Managing Director of France||0yrs||no data||no data|
|Managing Director for Netherlands||3.3yrs||no data||no data|
|Group Treasurer||5.4yrs||no data||no data|
|MD & CEO of Belgium||3.6yrs||no data||no data|
Experienced Management: WRDE.F's management team is considered experienced (3.4 years average tenure).
|Chairman of the Supervisory Board||2.8yrs||no data||no data|
|Member of Supervisory Board||3.8yrs||no data||no data|
|Member of Supervisory Board||2.8yrs||no data||no data|
|Supervisory Board Member||0.7yrs||no data||no data|
Experienced Board: WRDE.F's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wereldhave N.V.'s company bio, employee growth, exchange listings and data sources
- Name: Wereldhave N.V.
- Ticker: WRDE.F
- Exchange: OTCPK
- Founded: 1930
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €623.154m
- Listing Market Cap: €677.857m
- 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 dominant full-service centers for everyday life in larger provincial cities in northwest continental Europe. The area surrounding our centres will include at least 100,000 inhabitants within 10 minutes’ travel time from the centre. We focus on shopping centres that strike a balance between convenience and shopping experience. With easy accessibility, products that cover all the daily shopping needs, a successful mix of international and local retail products and strong food anchor stores, our centres provide convenience shopping to accommodate a busy urban lifestyle as well as an ageing population. We aim for an experience that goes beyond shopping, with restaurants, kids’ playgrounds and high-quality amenities in order to attract families - and keep them with us for longer visits.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:41|
|End of Day Share Price||2020/02/25 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.