As of 2025-07-07, the Intrinsic Value of Wereldhave Belgium NV (WEHB.BR) is 72.01 EUR. This WEHB.BR valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 53.00 EUR, the upside of Wereldhave Belgium NV is 35.9%.

The range of the Intrinsic Value is 56.31 - 96.32 EUR.

Is WEHB.BR undervalued or overvalued?

Based on its market price of 53.00 EUR and our intrinsic valuation, Wereldhave Belgium NV (WEHB.BR) is undervalued by 35.9%.

53.00 EUR

Stock Price

72.01 EUR

Intrinsic Value

Intrinsic Value Details

WEHB.BR Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	56.31 - 96.32	72.01	35.9%
DCF (Growth Exit 10Y)	64.62 - 104.87	80.48	51.8%
DCF (EBITDA Exit 5Y)	53.55 - 65.07	56.88	7.3%
DCF (EBITDA Exit 10Y)	62.7 - 77.47	67.77	27.9%
Peter Lynch Fair Value	192.01 - 192.01	192.01	262.28%
P/E Multiples	130.87 - 205.53	172.29	225.1%
EV/EBITDA Multiples	51.13 - 65.69	56.14	5.9%
Earnings Power Value	60.9 - 81.39	71.15	34.2%
Dividend Discount Model - Stable	77.29 - 155.79	116.54	119.9%
Dividend Discount Model - Multi Stages	88.07 - 135.42	106.52	101.0%

WEHB.BR Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
Frey SA	27.02 - 63.33	40.43	40.4%
Wereldhave NV	13.99 - 38.76	22.87	32.2%
Vastned Retail Belgium SA	36.93 - 63.13	46.71	46.0%
Vastned Retail NV	20.43 - 61.41	34.36	60.6%
Ascencio SCA	43.31 - 87.61	60.82	36.7%
Olimpo Real Estate SOCIMI SA	0.7 - 3.19	1.35	36.8%
Capital & Regional PLC	(2.36) - 275.47	45.21	-27.6%
QRF Comm. VA	15.91 - 28.09	20.81	102.0%
Yeni Gimat Gayrimenkul Yatirim Ortakligi AS	3.01 - 3.22	3.11	-85.4%
Akmerkez Gayrimenkul Yatirim Ortakligi AS	8.01 - 9.72	8.74	-79.6%

WEHB.BR Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	496
Beta	0.16
Outstanding shares (mil)	9
Enterprise Value (mil)	731

Market risk premium	6.5%
Cost of Equity	6.2%
Cost of Debt	4.25%
WACC	5.6%