Stocktoria

Wereldhave N.V. WHA.AS

NL · Euronext Amsterdam · XAMS · stock · Real Estate · website

Wereldhave N.V. statistics & valuation

Market cap€860.1M
P / E11.7×
P / S4.0×
P / B0.8×
P / FCF8.2×
Net margin34.0%
FCF margin48.4%
Net debt€1.0B
Enterprise value USD$2.2B
Earnings yield EBIT/EV7.4%
Return on capital5.8%
Graham number +57.1%€28.97

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€28.97); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
35.20% 43.10% 60.30% 34.00% 2022202320242025
Gross margin (%)
70.80% 68.60% 72.00% 71.60% 2022202320242025
Operating margin (%)
60.10% 58.50% 64.70% 64.90% 2022202320242025
Return on equity (%)
6.50% 8.20% 11.30% 6.70% 2022202320242025
Shares outstanding
46.6M 46.6M 46.6M 46.6M 2022202320242025
Net debt (€)
€858.9M €934.9M €934.8M €1.04B 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
2.70% 3.50% 4.90% 2.80% 2022202320242025
Free cash flow margin (%)
40.90% 44.20% 48.00% 48.40% 2022202320242025
Debt / equity (×)
0.99× 1.00× 0.93× 1.05× 2022202320242025
EPS (€)
€1.43 €1.97 €2.65 €1.60 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Wereldhave N.V. trades at about 11.5× earnings — above its 10-year norm (10-year range 5.5×–13×, median 9.6×).

5.5× 13×

Shaded band = 10-year range (5.5×–13×); dot = today's 11.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin71.6%72.0%68.6%70.8%
Operating margin64.9%64.7%58.5%60.1%
Net margin34.0%60.3%43.1%35.2%
FCF margin48.4%48.0%44.2%40.9%
Return on assets2.8%4.9%3.5%2.7%
Return on equity6.7%11.3%8.2%6.5%
Debt / equity0.93×0.79×0.83×0.81×
Current ratio0.770.330.380.26

Computed from company filings · NL · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.