WAREHOUSES DE PAUW SCA (WDP.BR) Stock Fundamental Analysis
EBR:WDP - Euronext Brussels - BE0974349814 - REIT - Currency: EUR
Overall WDP gets a fundamental rating of 6 out of 10. We evaluated WDP against 42 industry peers in the Diversified REITs industry. WDP has an excellent profitability rating, but there are concerns on its financial health. WDP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
WDP had positive earnings in the past year.
WDP had a positive operating cash flow in the past year.
In the past 5 years WDP has always been profitable.
Each year in the past 5 years WDP had a positive operating cash flow.
1.2 Ratios
WDP's Return On Assets of 7.00% is amongst the best of the industry. WDP outperforms 97.62% of its industry peers.
WDP's Return On Equity of 12.34% is amongst the best of the industry. WDP outperforms 95.24% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.20%, WDP belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
WDP had an Average Return On Invested Capital over the past 3 years of 3.28%. This 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
WDP has a Profit Margin of 87.61%. This is amongst the best in the industry. WDP outperforms 90.48% of its industry peers.
In the last couple of years the Profit Margin of WDP has declined.
WDP's Operating Margin of 81.78% is fine compared to the rest of the industry. WDP outperforms 78.57% 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 (85.85%) is better than 73.81% of its industry peers.
WDP's Gross Margin has been stable in the last couple of years.
| 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.
WDP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, WDP has more shares outstanding
WDP has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.40, we must say that WDP is in the distress zone and has some risk of bankruptcy.
WDP's Altman-Z score of 1.40 is amongst the best of the industry. WDP outperforms 90.48% 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.
WDP's Debt to FCF ratio of 8.59 is amongst the best of the industry. WDP outperforms 90.48% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that WDP is somewhat dependend on debt financing.
WDP has a Debt to Equity ratio of 0.64. This is in the better half of the industry: WDP outperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.4 |
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 has a worse Current ratio (0.20) than 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.
WDP has a worse Quick ratio (0.20) than 73.81% of its industry peers.
| 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.
The Earnings Per Share has been decreasing by -4.02% on average over the past years.
The Revenue has grown by 16.81% in the past year. This is quite good.
The Revenue has been growing by 14.68% on average over the past years. This is quite good.
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%21.65%
3.2 Future
Based on estimates for the next years, WDP will show a small growth in Earnings Per Share. The EPS will grow by 5.36% on average per year.
The Revenue is expected to grow by 6.87% on average over the next years.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.74, the valuation of WDP can be described as very cheap.
Based on the Price/Earnings ratio, WDP is valued cheaper than 85.71% of the companies in the same industry.
WDP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.91.
WDP is valuated correctly with a Price/Forward Earnings ratio of 12.59.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WDP is on the same level as its industry peers.
WDP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.74 | ||
| Fwd PE | 12.59 |
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.
WDP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.75 | ||
| EV/EBITDA | 14.16 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of WDP may justify a higher PE ratio.
PEG (NY)1.32
PEG (5Y)N/A
EPS Next 2Y5.74%
EPS Next 3Y5.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.06%, WDP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.82, WDP is paying slightly less dividend.
WDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
5.2 History
The dividend of WDP is nicely growing with an annual growth rate of 9.73%!
Dividend Growth(5Y)9.73%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
24.06% of the earnings are spent on dividend by WDP. This is a low number and sustainable payout ratio.
WDP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.06%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EBR:WDP (5/23/2025, 1:21:18 PM)
20.66
0 (0%)
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 Cap4.67B
Analysts74
Price Target25.67 (24.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
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)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)10.94%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)24.58%
Revenue beat(4)2
Avg Revenue beat(4)5.46%
Min Revenue beat(4)-2.71%
Max Revenue beat(4)24.58%
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)0.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.54%
Revenue NQ rev (1m)1.8%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)1.01%
Revenue NY rev (3m)2.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.74 | ||
| Fwd PE | 12.59 | ||
| P/S | 6.87 | ||
| P/FCF | 11.75 | ||
| P/OCF | 10.94 | ||
| P/B | 0.97 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 14.16 |
EPS(TTM)2.67
EY12.92%
EPS(NY)1.64
Fwd EY7.94%
FCF(TTM)1.76
FCFY8.51%
OCF(TTM)1.89
OCFY9.14%
SpS3.01
BVpS21.37
TBVpS21.36
PEG (NY)1.32
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 | 1.4 |
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%21.65%
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 Year0.62%
EBIT Next 3Y7.05%
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%