WAREHOUSES DE PAUW SCA (WDP.BR) Stock Fundamental Analysis
EBR:WDP - Euronext Brussels - BE0974349814 - REIT - Currency: EUR
Taking everything into account, WDP scores 5 out of 10 in our fundamental rating. WDP was compared to 42 industry peers in the Diversified REITs industry. While WDP belongs to the best of the industry regarding profitability, there are concerns on its financial health. WDP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year WDP was profitable.
WDP had a positive operating cash flow in the past year.
WDP had positive earnings in each of the past 5 years.
WDP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of WDP (7.00%) is better than 97.62% of its industry peers.
WDP has a better Return On Equity (12.34%) than 95.24% of its industry peers.
With an excellent Return On Invested Capital value of 5.20%, WDP belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for WDP is in line with the industry average of 3.66%.
The last Return On Invested Capital (5.20%) for WDP is above the 3 year average (3.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7% | ||
| ROE | 12.34% | ||
| ROIC | 5.2% |
ROA(3y)3.54%
ROA(5y)6.69%
ROE(3y)5.97%
ROE(5y)11.94%
ROIC(3y)3.28%
ROIC(5y)3.31%
1.3 Margins
With an excellent Profit Margin value of 87.61%, WDP belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
In the last couple of years the Profit Margin of WDP has declined.
The Operating Margin of WDP (81.78%) is better than 78.57% of its industry peers.
WDP's Operating Margin has been stable in the last couple of years.
WDP has a Gross Margin of 85.85%. This is in the better half of the industry: WDP outperforms 73.81% of its industry peers.
In the last couple of years the Gross Margin of WDP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 81.78% | ||
| PM (TTM) | 87.61% | ||
| GM | 85.85% |
OM growth 3Y-2.51%
OM growth 5Y-0.79%
PM growth 3Y-34.44%
PM growth 5Y-11.03%
GM growth 3Y-0.52%
GM growth 5Y-0.35%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WDP is destroying value.
Compared to 1 year ago, WDP has more shares outstanding
Compared to 5 years ago, WDP has more shares outstanding
Compared to 1 year ago, WDP has a worse debt to assets ratio.
2.2 Solvency
WDP has an Altman-Z score of 1.42. This is a bad value and indicates that WDP is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of WDP (1.42) is better than 88.10% of its industry peers.
WDP has a debt to FCF ratio of 8.59. This is a slightly negative value and a sign of low solvency as WDP would need 8.59 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 8.59, WDP belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
WDP has a Debt/Equity ratio of 0.64. This is a neutral value indicating WDP is somewhat dependend on debt financing.
The Debt to Equity ratio of WDP (0.64) is better than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.97
WACC5.38%
2.3 Liquidity
A Current Ratio of 0.20 indicates that WDP may have some problems paying its short term obligations.
WDP's Current ratio of 0.20 is on the low side compared to the rest of the industry. WDP is outperformed by 76.19% of its industry peers.
WDP has a Quick Ratio of 0.20. This is a bad value and indicates that WDP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.20, WDP is doing worse than 73.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 295.98% over the past year.
Measured over the past years, WDP shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.02% on average per year.
The Revenue has grown by 16.81% in the past year. This is quite good.
WDP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.68% yearly.
EPS 1Y (TTM)295.98%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%-35.89%
Revenue 1Y (TTM)16.81%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%-1.56%
3.2 Future
The Earnings Per Share is expected to grow by 5.36% on average over the next years.
WDP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.87% yearly.
EPS Next Y5.84%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EPS Next 5YN/A
Revenue Next Year15.38%
Revenue Next 2Y11.65%
Revenue Next 3Y10.29%
Revenue Next 5Y6.87%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.49, WDP is valued correctly.
WDP's Price/Earnings ratio is a bit cheaper when compared to the industry. WDP is cheaper than 64.29% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.82. WDP is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 12.58 indicates a correct valuation of WDP.
WDP's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of WDP to the average of the S&P500 Index (21.76), we can say WDP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.49 | ||
| Fwd PE | 12.58 |
4.2 Price Multiples
WDP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WDP is cheaper than 73.81% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as WDP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.02 | ||
| EV/EBITDA | 14.35 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
WDP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.31
PEG (5Y)N/A
EPS Next 2Y5.74%
EPS Next 3Y5.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.00%, WDP is a good candidate for dividend investing.
WDP's Dividend Yield is slightly below the industry average, which is at 6.78.
Compared to an average S&P500 Dividend Yield of 2.39, WDP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
5.2 History
On average, the dividend of WDP grows each year by 9.73%, which is quite nice.
Dividend Growth(5Y)9.73%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
WDP pays out 24.06% of its income as dividend. This is a sustainable payout ratio.
The dividend of WDP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP24.06%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EBR:WDP (5/23/2025, 7:00:00 PM)
20.64
-0.02 (-0.1%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners40.43%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap4.77B
Analysts74
Price Target25.67 (24.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
Yearly Dividend0.64
Dividend Growth(5Y)9.73%
DP24.06%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.62%
Min EPS beat(2)-0.99%
Max EPS beat(2)4.22%
EPS beat(4)1
Avg EPS beat(4)-0.32%
Min EPS beat(4)-3.53%
Max EPS beat(4)4.22%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.94%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)0.82%
Revenue beat(4)2
Avg Revenue beat(4)-0.49%
Min Revenue beat(4)-2.71%
Max Revenue beat(4)0.82%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.59%
PT rev (3m)-0.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.2%
Revenue NQ rev (1m)1.8%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)0.62%
Revenue NY rev (3m)2.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.49 | ||
| Fwd PE | 12.58 | ||
| P/S | 7.02 | ||
| P/FCF | 12.02 | ||
| P/OCF | 11.19 | ||
| P/B | 0.99 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | 14.35 |
EPS(TTM)1.53
EY7.41%
EPS(NY)1.64
Fwd EY7.95%
FCF(TTM)1.72
FCFY8.32%
OCF(TTM)1.84
OCFY8.94%
SpS2.94
BVpS20.87
TBVpS20.87
PEG (NY)2.31
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7% | ||
| ROE | 12.34% | ||
| ROCE | 6.93% | ||
| ROIC | 5.2% | ||
| ROICexc | 5.21% | ||
| ROICexgc | 5.21% | ||
| OM | 81.78% | ||
| PM (TTM) | 87.61% | ||
| GM | 85.85% | ||
| FCFM | 58.42% |
ROA(3y)3.54%
ROA(5y)6.69%
ROE(3y)5.97%
ROE(5y)11.94%
ROIC(3y)3.28%
ROIC(5y)3.31%
ROICexc(3y)3.29%
ROICexc(5y)3.32%
ROICexgc(3y)3.29%
ROICexgc(5y)3.32%
ROCE(3y)4.43%
ROCE(5y)4.52%
ROICexcg growth 3Y2.6%
ROICexcg growth 5Y-0.57%
ROICexc growth 3Y2.6%
ROICexc growth 5Y-0.57%
OM growth 3Y-2.51%
OM growth 5Y-0.79%
PM growth 3Y-34.44%
PM growth 5Y-11.03%
GM growth 3Y-0.52%
GM growth 5Y-0.35%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 8.59 | ||
| Debt/EBITDA | 5.4 | ||
| Cap/Depr | 213.14% | ||
| Cap/Sales | 4.33% | ||
| Interest Coverage | 8.92 | ||
| Cash Conversion | 74.87% | ||
| Profit Quality | 66.69% | ||
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 | ||
| Altman-Z | 1.42 |
F-Score5
WACC5.38%
ROIC/WACC0.97
Cap/Depr(3y)181.17%
Cap/Depr(5y)172.03%
Cap/Sales(3y)5.79%
Cap/Sales(5y)4.53%
Profit Quality(3y)449.34%
Profit Quality(5y)288.41%
High Growth Momentum
Growth
EPS 1Y (TTM)295.98%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%-35.89%
EPS Next Y5.84%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EPS Next 5YN/A
Revenue 1Y (TTM)16.81%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%-1.56%
Revenue Next Year15.38%
Revenue Next 2Y11.65%
Revenue Next 3Y10.29%
Revenue Next 5Y6.87%
EBIT growth 1Y18.96%
EBIT growth 3Y13.38%
EBIT growth 5Y13.78%
EBIT Next Year3.73%
EBIT Next 3Y7.2%
EBIT Next 5YN/A
FCF growth 1Y25.32%
FCF growth 3Y14.86%
FCF growth 5Y18.27%
OCF growth 1Y27.69%
OCF growth 3Y16.83%
OCF growth 5Y18.57%