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Wereldhave N.V. (WHA.AS)

EUR19.06 +0.00 (+0.00%)
NL AMS Real Estate REIT - Retail
Address WTC Schiphol, Tower A 1118 BH
Amsterdam, NL
CEO Matthijs Storm
IPO 2006-10-10
ISIN NL0000289213

Explore sections of this company profile

Also trades on Euronext Amsterdam · WHA.AS (EUR) Other OTC · WRDEF (USD)
Description

At Wereldhave, we are fundamentally reshaping the retail center experience. Our properties function as vibrant community destinations, extending beyond traditional shopping to encompass spaces for working, unwinding, and socializing with loved ones. We currently own and manage 30 centers across the Netherlands, Belgium, and France, seamlessly integrating diverse offerings such as leisure activities, entertainment venues, health and beauty services, and dining establishments alongside conventional retail. Our strategic focus is on urban-proximate locations, ensuring robust public transport links and convenient free parking options. A central pillar of our centers' appeal is their robust food retail presence, with each featuring at least one hypermarket or several supermarkets. We operate with a deliberate long-term vision, striving to achieve compelling returns for our investors, generate meaningful value for local communities and other stakeholders, and steadily grow the worth of our assets. At our core, every decision we make is guided by the needs and experiences of our consumers.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR19.06 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
110.3K
Beta
0.92
Float Shares
34.78M
Free Float %
75.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.72% +1.21% -5.00% -10.30% +4.60% +8.52% +20.11% +52.55% +43.05% -54.33% -60.10%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
19.06
DCF (Unlevered) 34.87 +83.0%
DCF (Levered) 24.16 +26.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 40% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.54
Distress
Piotroski F-Score
5 / 9
Average
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
  • Revenue growth
    +12.4% Q4'25: +16.1% (vs Q4'23)
  • EPS growth
    -39.6% Q4'25: -13.2% (vs Q4'23)
  • FCF margin
    Q4'25: +46.3% (vs Q4'23)
  • EBIT margin
    Q4'25: +57.1% (vs Q4'23)
  • ROIC
    Q4'25: +8.2% (vs Q4'23)
  • Share dilution
    +4.7% Q4'25: +13.2% (vs Q4'23)
  • Debt / EBITDA
    7.79× Q4'25: 4.46× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.93) × ERP
WACC = 46% × Ke + 54% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 34.87 Current price: 19.06
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2001
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
5 EPS Ana.
Dec 2027
4 Rev. Ana.
5 EPS Ana.
Dec 2028
3 Rev. Ana.
4 EPS Ana.
Dec 2029
2 Rev. Ana.
2 EPS Ana.
Dec 2030
1 Rev. Ana.
2 EPS Ana.
Revenue
141.68M
est.
175.90M
est: 176.14M (-0.1%)
171.80M
est: 168.58M (+1.9%)
147.51M
est: 163.55M (-9.8%)
168.98M
est: 168.99M (0.0%)
209.43M
est: 172.59M (+21.3%)
205.60M
est: 165.51M (+24.2%)
210.94M
est: 165.93M (+27.1%)
211.59M
est: 162.97M (+29.8%)
232.20M
est: 192.00M (+20.9%)
238.78M
est: 216.82M (+10.1%)
179.16M
est: 219.73M (-18.5%)
138.90M
est: 123.62M (+12.4%)
147.92M
est: 134.79M (+9.7%)
245.45M
est: 197.88M (+24.0%)
268.08M
est: 227.52M (+17.8%)
264.34M
est: 229.02M (+15.4%)
232.02M
est: 222.19M (+4.4%)
240.86M
est: 201.05M (+19.8%)
220.40M
est: 169.06M (+30.4%)
190.77M
est: 163.75M (+16.5%)
162.67M
est: 130.50M (+24.6%)
184.16M
est: 189.56M (-2.9%)
192.12M
est: 158.21M (+21.4%)
215.86M
est: 175.60M (+22.9%)
190.96M
178.54M – 216.69M
+8.7% YoY
195.62M
185.06M – 218.45M
+2.4% YoY
193.09M
189.91M – 196.26M
-1.3% YoY
209.18M
196.74M – 235.46M
+8.3% YoY
213.41M
200.72M – 240.22M
+2.0% YoY
EBITDA
99.19M
est.
147.80M
est: 120.99M (+22.2%)
146.60M
est: 110.08M (+33.2%)
198.36M
est: 115.74M (+71.4%)
253.15M
est: 64.23M (+294.1%)
447.99M
est: 65.60M (+582.9%)
284.87M
est: 62.91M (+352.9%)
35.30M
est: 63.07M (-44.0%)
-114.31M
est: -35.55M (-221.5%)
131.57M
est: -176.82M (+174.4%)
117.64M
est: 67.55M (+74.2%)
112.53M
est: -1.32M (+8,641.4%)
89.33M
est: -84.62M (+205.6%)
62.98M
est: 17.37M (+262.7%)
162.47M
est: -8.27M (+2,064.0%)
153.10M
est: 59.91M (+155.6%)
122.64M
est: 77.33M (+58.6%)
146.63M
est: 40.98M (+257.8%)
154.62M
est: -88.79M (+274.1%)
-164.68M
est: -328.60M (+49.9%)
105.99M
est: -299.81M (+135.4%)
97.01M
est: -285.35M (+134.0%)
108.47M
est: 125.66M (-13.7%)
174.16M
est: -258.99M (+167.2%)
143.94M
est: 116.40M (+23.7%)
126.58M
118.35M – 143.64M
+8.7% YoY
129.67M
122.67M – 144.81M
+2.4% YoY
127.99M
125.89M – 130.10M
-1.3% YoY
138.66M
130.42M – 156.08M
+8.3% YoY
141.46M
133.05M – 159.23M
+2.0% YoY
EBIT
99.19M
est.
147.80M
est: 120.99M (+22.2%)
146.60M
est: 110.08M (+33.2%)
198.36M
est: 115.74M (+71.4%)
24.37M
est: 62.59M (-61.1%)
447.20M
est: 63.93M (+599.5%)
288.40M
est: 61.30M (+370.4%)
30.45M
est: 61.46M (-50.5%)
-114.31M
est: 33.79M (-438.3%)
131.57M
est: -129.79M (+201.4%)
129.98M
est: 141.22M (-8.0%)
111.19M
est: 93.33M (+19.1%)
89.33M
est: 21.49M (+315.6%)
50.02M
est: 100.20M (-50.1%)
161.43M
est: 96.05M (+68.1%)
153.07M
est: 177.79M (-13.9%)
96.12M
est: 146.48M (-34.4%)
49.87M
est: 90.85M (-45.1%)
-295.52M
est: 45.88M (-744.1%)
-166.80M
est: -266.99M (+37.5%)
104.38M
est: -243.60M (+142.8%)
94.43M
est: -231.85M (+140.7%)
107.14M
est: 123.97M (-13.6%)
172.98M
est: -210.43M (+182.2%)
142.70M
est: 114.84M (+24.3%)
124.88M
116.76M – 141.71M
+8.7% YoY
127.93M
121.03M – 142.86M
+2.4% YoY
126.27M
124.20M – 128.35M
-1.3% YoY
136.80M
128.67M – 153.98M
+8.3% YoY
139.56M
131.27M – 157.10M
+2.0% YoY
Net Income
98.28M
est.
116.30M
est: 120.62M (-3.6%)
116.50M
est: 109.61M (+6.3%)
160.78M
est: 113.02M (+42.3%)
201.23M
est: 176.89M (+13.8%)
357.51M
est: 196.20M (+82.2%)
229.65M
est: 329.40M (-30.3%)
8.83M
est: 217.06M (-95.9%)
-102.27M
est: 491.1K (-20,925.8%)
95.14M
est: -119.93M (+179.3%)
62.99M
est: 93.76M (-32.8%)
-98.44M
est: 51.99M (-289.4%)
39.37M
est: -55.36M (+171.1%)
15.02M
est: 42.50M (-64.7%)
88.65M
est: 22.98M (+285.8%)
100.62M
est: 97.84M (+2.8%)
67.69M
est: 100.41M (-32.6%)
-68.01M
est: 65.98M (-203.1%)
-319.46M
est: -60.17M (-430.9%)
-186.93M
est: -298.47M (+37.4%)
-226.25M
est: -272.32M (+16.9%)
57.27M
est: 75.31M (-24.0%)
79.42M
est: 114.70M (-30.8%)
115.84M
est: 88.65M (+30.7%)
73.34M
est: 81.90M (-10.4%)
86.93M
81.79M – 92.07M
+6.1% YoY
90.69M
84.83M – 96.54M
+4.3% YoY
108.17M
77.04M – 115.56M
+19.3% YoY
97.49M
89.95M – 113.41M
-9.9% YoY
— – —
-100.0% YoY
SGA
13.14M
est.
7.40M
est: 17.39M (-57.4%)
7.90M
est: 13.67M (-42.2%)
385.0K
est: 17.95M (-97.9%)
13.05M
est: 18.39M (-29.0%)
14.00M
est: 9.19M (+52.3%)
14.13M
est: 19.85M (-28.8%)
14.50M
est: 20.45M (-29.1%)
12.82M
est: 20.23M (-36.6%)
14.98M
est: 26.32M (-43.1%)
15.98M
est: 37.95M (-57.9%)
est: 38.71M (-100.0%)
13.80M
est: 19.13M (-27.9%)
13.54M
est: 14.45M (-6.3%)
est: 21.29M (-100.0%)
17.63M
est: 20.34M (-13.3%)
16.29M
est: 23.26M (-30.0%)
16.95M
est: 20.04M (-15.4%)
-4.74M
est: 17.11M (-127.7%)
-7.97M
est: 16.12M (-149.4%)
-8.11M
est: 14.71M (-155.2%)
22.92M
est: 14.00M (+63.7%)
18.64M
est: 12.88M (+44.7%)
14.17M
est: 10.75M (+31.8%)
14.34M
est: 11.93M (+20.2%)
12.98M
12.13M – 14.73M
+8.7% YoY
13.30M
12.58M – 14.85M
+2.4% YoY
13.12M
12.91M – 13.34M
-1.3% YoY
14.22M
13.37M – 16.00M
+8.3% YoY
14.50M
13.64M – 16.33M
+2.0% YoY
EPS
4.76
est.
5.13
est: 5.12 (+0.1%)
5.14
est: 5.13 (+0.2%)
6.80
est: 5.12 (+32.8%)
8.04
est: 4.83 (+66.3%)
14.38
est: 4.55 (+216.0%)
9.07
est: 4.23 (+114.6%)
0.02
est: 4.17 (-99.6%)
-4.21
est: 4.36 (-196.5%)
3.61
est: 4.64 (-22.2%)
2.07
est: 4.22 (-51.0%)
-3.95
est: 3.43 (-215.3%)
1.58
est: 2.83 (-44.2%)
0.59
est: 3.12 (-81.1%)
2.35
est: 3.25 (-27.7%)
2.50
est: 2.68 (-6.6%)
1.68
est: 3.40 (-50.6%)
-1.53
est: 3.38 (-145.3%)
-7.94
est: 2.78 (-385.7%)
-4.65
est: 2.01 (-331.1%)
-5.64
est: 1.83 (-408.2%)
1.43
est: 1.63 (-12.0%)
1.97
est: 2.40 (-18.0%)
2.65
est: 1.93 (+37.3%)
1.60
est: 1.79 (-10.5%)
1.93
1.79 – 2.01
+8.2% YoY
2.00
1.85 – 2.11
+3.5% YoY
1.99
1.68 – 2.52
-0.6% YoY
2.13
1.97 – 2.48
+7.0% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-28 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-27 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-26 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-25 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-22 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-21 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-20 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-19 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-18 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-15 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-14 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-13 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-12 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-11 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-04 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-29 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-27 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-24 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-23 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-22 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-21 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-20 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-17 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-16 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
171.46M
OE per share TTM
3.84
Owner's Yield
17.92%
Maintenance CapEx ratio
1.13%
Maint CapEx / Avg PPE
2.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 76 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.49M
Shares Outstanding
46.38M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
A. W. de Vreede Chief Financial Officer & Member of the Management Board 1M male
Matthijs Storm Chief Executive Officer & Member of the Management Board 1M male
Fleur Van Der Erve Director Investor Relations & Investments female
Jean-Philippe Pinteaux Chief Operations Officer male
Jeroen Piket Director Treasury & Investor Relations male
Joost van der Zee Chief Strategy Officer & NL Commercial Lead male
Keesjan Verhoog Company Secretary male
Kim de Munnik Chief Operations Officer of Wereldhave Netherlands female
Pieter Polman Chief Commercial Officer & Head of Transactions male
Remco Langewouters Interim Chief Financial Officer male
Rik Janssen Manager of Marketing & Communication male
Dennis de Vreede Chief Financial Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits