WAREHOUSES DE PAUW SCA (WDP.BR)

BE0974349814 - REIT

25.48  +0.02 (+0.08%)

Fundamental Rating

4

Taking everything into account, WDP scores 4 out of 10 in our fundamental rating. WDP was compared to 45 industry peers in the Diversified REITs industry. Both the profitability and the financial health of WDP get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, WDP is valued expensive at the moment.



5

1. Profitability

1.1 Basic Checks

In the past year WDP has reported negative net income.
WDP had a positive operating cash flow in the past year.
Each year in the past 5 years WDP has been profitable.
WDP had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -1.42%, WDP is doing worse than 65.91% of the companies in the same industry.
With a Return On Equity value of -2.42%, WDP is not doing good in the industry: 65.91% of the companies in the same industry are doing better.
With an excellent Return On Invested Capital value of 6.07%, WDP belongs to the best of the industry, outperforming 100.00% 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 3.28%.
The 3 year average ROIC (3.88%) for WDP is below the current ROIC(6.07%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -1.42%
ROE -2.42%
ROIC 6.07%
ROA(3y)9.28%
ROA(5y)9.32%
ROE(3y)16.67%
ROE(5y)17.9%
ROIC(3y)3.88%
ROIC(5y)4.04%

1.3 Margins

In the last couple of years the Profit Margin of WDP has declined.
WDP's Operating Margin of 82.81% is amongst the best of the industry. WDP outperforms 81.82% of its industry peers.
In the last couple of years the Operating Margin of WDP has remained more or less at the same level.
The Gross Margin of WDP (85.00%) is better than 70.45% of its industry peers.
WDP's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 82.81%
PM (TTM) N/A
GM 85%
OM growth 3Y-0.26%
OM growth 5Y-0.77%
PM growth 3Y-15.8%
PM growth 5Y-6.87%
GM growth 3Y-1.27%
GM growth 5Y-2.26%

4

2. Health

2.1 Basic Checks

WDP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, WDP has more shares outstanding
Compared to 5 years ago, WDP has more shares outstanding
The debt/assets ratio for WDP has been reduced compared to a year ago.

2.2 Solvency

WDP has an Altman-Z score of 1.82. This is not the best score and indicates that WDP is in the grey zone with still only limited risk for bankruptcy at the moment.
WDP has a Altman-Z score of 1.82. This is amongst the best in the industry. WDP outperforms 97.73% of its industry peers.
WDP has a debt to FCF ratio of 10.24. This is a negative value and a sign of low solvency as WDP would need 10.24 years to pay back of all of its debts.
WDP has a Debt to FCF ratio of 10.24. This is amongst the best in the industry. WDP outperforms 84.09% of its industry peers.
A Debt/Equity ratio of 0.56 indicates that WDP is somewhat dependend on debt financing.
WDP has a Debt to Equity ratio of 0.56. This is in the better half of the industry: WDP outperforms 79.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 10.24
Altman-Z 1.82
ROIC/WACC0.94
WACC6.49%

2.3 Liquidity

A Current Ratio of 0.18 indicates that WDP may have some problems paying its short term obligations.
WDP has a Current ratio of 0.18. This is amonst the worse of the industry: WDP underperforms 90.91% of its industry peers.
WDP has a Quick Ratio of 0.18. This is a bad value and indicates that WDP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of WDP (0.18) is worse than 90.91% of its industry peers.
Industry RankSector Rank
Current Ratio 0.18
Quick Ratio 0.18

4

3. Growth

3.1 Past

The earnings per share for WDP have decreased strongly by -107.25% in the last year.
WDP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.69% yearly.
Looking at the last year, WDP shows a quite strong growth in Revenue. The Revenue has grown by 15.84% in the last year.
The Revenue has been growing by 16.38% on average over the past years. This is quite good.
EPS 1Y (TTM)-107.25%
EPS 3Y-8.2%
EPS 5Y3.69%
EPS growth Q2Q-86.97%
Revenue 1Y (TTM)15.84%
Revenue growth 3Y14.38%
Revenue growth 5Y16.38%
Revenue growth Q2Q13.38%

3.2 Future

The Earnings Per Share is expected to grow by 5.66% 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 7.44% yearly.
EPS Next Y11.4%
EPS Next 2Y7.13%
EPS Next 3Y6.82%
EPS Next 5Y5.66%
Revenue Next Year14.23%
Revenue Next 2Y13.41%
Revenue Next 3Y11.45%
Revenue Next 5Y7.44%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

1

4. Valuation

4.1 Price/Earnings Ratio

WDP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 17.55, WDP is valued on the expensive side.
Based on the Price/Forward Earnings ratio, WDP is valued a bit more expensive than the industry average as 65.91% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.63, WDP is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 17.55

4.2 Price Multiples

WDP's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, WDP is valued a bit more expensive than 70.45% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.55
EV/EBITDA 17.69

4.3 Compensation for Growth

WDP's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.13%
EPS Next 3Y6.82%

3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.05%, WDP has a reasonable but not impressive dividend return.
With a Dividend Yield of 3.05, WDP pays less dividend than the industry average, which is at 7.53. 84.09% of the companies listed in the same industry pay a better dividend than WDP!
WDP's Dividend Yield is a higher than the S&P500 average which is at 2.46.
Industry RankSector Rank
Dividend Yield 3.05%

5.2 History

The dividend of WDP is nicely growing with an annual growth rate of 20.53%!
Dividend Growth(5Y)20.53%
Div Incr Years1
Div Non Decr Years1

5.3 Sustainability

The earnings of WDP are negative and hence is the payout ratio. WDP will probably not be able to sustain this dividend level.
The dividend of WDP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-125.78%
EPS Next 2Y7.13%
EPS Next 3Y6.82%

WAREHOUSES DE PAUW SCA

EBR:WDP (2/23/2024, 7:00:00 PM)

25.48

+0.02 (+0.08%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.59B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.05%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 17.55
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.42%
ROE -2.42%
ROCE
ROIC
ROICexc
ROICexgc
OM 82.81%
PM (TTM) N/A
GM 85%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.18
Quick Ratio 0.18
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-107.25%
EPS 3Y-8.2%
EPS 5Y
EPS growth Q2Q
EPS Next Y11.4%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)15.84%
Revenue growth 3Y14.38%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y