What is the intrinsic value of WHA.AS?

As of 2025-05-17, the Intrinsic Value of Wereldhave NV (WHA.AS) is 22.16 EUR. This WHA.AS valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 16.20 EUR, the upside of Wereldhave NV is 36.80%.

The range of the Intrinsic Value is 13.89 - 36.37 EUR

Is WHA.AS undervalued or overvalued?

Based on its market price of 16.20 EUR and our intrinsic valuation, Wereldhave NV (WHA.AS) is undervalued by 36.80%.

	Range	Selected	Upside
a
DCF (Growth 5y)	13.89 - 36.37	22.16	36.8%
DCF (Growth 10y)	18.91 - 43.45	27.97	72.7%
DCF (EBITDA 5y)	7.05 - 12.30	9.36	-42.2%
DCF (EBITDA 10y)	13.09 - 20.76	16.49	1.8%
Fair Value	62.41 - 62.41	62.41	285.27%
P/E	19.21 - 40.39	29.94	84.8%
EV/EBITDA	10.34 - 34.83	20.76	28.1%
EPV	14.17 - 27.39	20.78	28.3%
DDM - Stable	17.40 - 41.93	29.66	83.1%
DDM - Multi	21.57 - 40.15	28.03	73.0%