Wereldhave NV
AEX:WHA
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (5.4), the stock would be worth €30.06 (37% upside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 3.9 | €22 |
0%
|
| 3-Year Average | 5.4 | €30.06 |
+37%
|
| 5-Year Average | 4.4 | €24.81 |
+13%
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| Industry Average | 8.2 | €45.71 |
+108%
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| Country Average | 16.4 | €91.67 |
+317%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| NL |
|
Wereldhave NV
AEX:WHA
|
1B EUR | 3.9 | 13.8 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
66.3B USD | 24.9 | 14.3 | |
| US |
|
Realty Income Corp
NYSE:O
|
60B USD | 6 285.6 | 56.3 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
18B | 0 | 0 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.9B USD | -174.7 | 28.6 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.2B USD | 77.3 | 27.9 | |
| AU |
|
Scentre Group
ASX:SCG
|
19.4B AUD | 22.4 | 11.1 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 15.8 | -14.9 | |
| FR |
|
Klepierre SA
PAR:LI
|
9.9B EUR | 9.5 | 7.6 | |
| US |
|
Federal Realty Investment Trust
NYSE:FRT
|
9.6B USD | -36.3 | 24.6 | |
| US |
|
Agree Realty Corp
NYSE:ADC
|
9.3B USD | -13.2 | 46.9 |
Market Distribution
| Min | 1.8 |
| 30th Percentile | 11.7 |
| Median | 16.4 |
| 70th Percentile | 33.6 |
| Max | 11 481.8 |
Other Multiples
Wereldhave NV
Glance View
Wereldhave NV engages in investment activities with interests in real properties, primarily in shopping centers. The company is headquartered in Schiphol, Noord-Holland and currently employs 173 full-time employees. Its real estate activities are divided into three sectors: Offices, in which investments are aimed at modern buildings located in major metropolitan areas; Retail, which primarily invests in shopping centers in countries with restricted retail planning; and Other, engaged in property development. The firm manages, develops and rents shopping centers, offices, industrial distribution and transshipment properties. The firm invests in the Netherlands, Belgium, Finland, France, Spain, the United Kingdom and the United States. The firm wholly owned subsidiaries are: Wereldhave Finland Oy, Urbagreen SAS, Wereldhave Management Holding BV, Relovast BV and Wereldhave UK Holdings Ltd, among others.
