WAREHOUSES DE PAUW SCA (WDP.BR)

BE0974349814 - REIT

26.76  +0.12 (+0.45%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to WDP. WDP was compared to 43 industry peers in the Diversified REITs industry. There are concerns on the financial health of WDP while its profitability can be described as average. While showing a medium growth rate, WDP is valued expensive at the moment.



6

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.
In the past 5 years WDP always reported a positive cash flow from operatings.

1.2 Ratios

WDP's Return On Assets of 1.97% is fine compared to the rest of the industry. WDP outperforms 73.17% of its industry peers.
WDP has a better Return On Equity (3.19%) than 70.73% of its industry peers.
WDP's Return On Invested Capital of 4.93% is amongst the best of the industry. WDP outperforms 90.24% of its industry peers.
The Average Return On Invested Capital over the past 3 years for WDP is in line with the industry average of 3.48%.
The last Return On Invested Capital (4.93%) for WDP is above the 3 year average (3.20%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.97%
ROE 3.19%
ROIC 4.93%
ROA(3y)7.13%
ROA(5y)7.5%
ROE(3y)12.24%
ROE(5y)13.84%
ROIC(3y)3.2%
ROIC(5y)3.33%

1.3 Margins

Looking at the Profit Margin, with a value of 24.90%, WDP is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
In the last couple of years the Profit Margin of WDP has declined.
Looking at the Operating Margin, with a value of 80.29%, WDP is in the better half of the industry, outperforming 78.05% of the companies in the same industry.
In the last couple of years the Operating Margin of WDP has declined.
The Gross Margin of WDP (85.28%) is better than 68.29% of its industry peers.
In the last couple of years the Gross Margin of WDP has declined.
Industry RankSector Rank
OM 80.29%
PM (TTM) 24.9%
GM 85.28%
OM growth 3Y-1.63%
OM growth 5Y-1.79%
PM growth 3Y-64.37%
PM growth 5Y-49.3%
GM growth 3Y-1.04%
GM growth 5Y-2.19%

3

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.
WDP has more shares outstanding than it did 1 year ago.
WDP has more shares outstanding than it did 5 years ago.
WDP has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 1.96 indicates that WDP is not a great score, but indicates only limited risk for bankruptcy at the moment.
WDP has a Altman-Z score of 1.96. This is amongst the best in the industry. WDP outperforms 97.56% of its industry peers.
The Debt to FCF ratio of WDP is 9.82, which is on the high side as it means it would take WDP, 9.82 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of WDP (9.82) is better than 78.05% of its industry peers.
A Debt/Equity ratio of 0.53 indicates that WDP is somewhat dependend on debt financing.
WDP's Debt to Equity ratio of 0.53 is amongst the best of the industry. WDP outperforms 85.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 9.82
Altman-Z 1.96
ROIC/WACC0.85
WACC5.82%

2.3 Liquidity

A Current Ratio of 0.35 indicates that WDP may have some problems paying its short term obligations.
WDP has a Current ratio of 0.35. This is in the lower half of the industry: WDP underperforms 70.73% of its industry peers.
A Quick Ratio of 0.35 indicates that WDP may have some problems paying its short term obligations.
The Quick ratio of WDP (0.35) is worse than 68.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.35
Quick Ratio 0.35

4

3. Growth

3.1 Past

WDP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -71.99%.
Measured over the past years, WDP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -44.78% on average per year.
The Revenue has grown by 13.18% in the past year. This is quite good.
The Revenue has been growing by 15.14% on average over the past years. This is quite good.
EPS 1Y (TTM)-71.99%
EPS 3Y-61.36%
EPS 5Y-44.78%
EPS Q2Q%309.11%
Revenue 1Y (TTM)13.18%
Revenue growth 3Y14.95%
Revenue growth 5Y15.14%
Sales Q2Q%9.27%

3.2 Future

WDP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.21% yearly.
WDP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.80% yearly.
EPS Next Y6.81%
EPS Next 2Y5.48%
EPS Next 3Y6.02%
EPS Next 5Y4.21%
Revenue Next Year12.17%
Revenue Next 2Y10.79%
Revenue Next 3Y9.58%
Revenue Next 5Y5.8%

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 is valuated quite expensively with a Price/Earnings ratio of 39.94.
The rest of the industry has a similar Price/Earnings ratio as WDP.
When comparing the Price/Earnings ratio of WDP to the average of the S&P500 Index (29.15), we can say WDP is valued slightly more expensively.
With a Price/Forward Earnings ratio of 17.02, WDP is valued on the expensive side.
68.29% of the companies in the same industry are cheaper than WDP, based on the Price/Forward Earnings ratio.
WDP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.65.
Industry RankSector Rank
PE 39.94
Fwd PE 17.02

4.2 Price Multiples

WDP's Enterprise Value to EBITDA ratio is in line with the industry average.
WDP's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. WDP is more expensive than 73.17% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.22
EV/EBITDA 17.57

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WDP does not grow enough to justify the current Price/Earnings ratio.
WDP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.87
PEG (5Y)N/A
EPS Next 2Y5.48%
EPS Next 3Y6.02%

3

5. Dividend

5.1 Amount

WDP has a Yearly Dividend Yield of 2.94%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.78, WDP is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.35, WDP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.94%

5.2 History

On average, the dividend of WDP grows each year by 12.69%, which is quite nice.
Dividend Growth(5Y)12.69%
Div Incr Years3
Div Non Decr Years3

5.3 Sustainability

88.02% of the earnings are spent on dividend by WDP. This is not a sustainable payout ratio.
The dividend of WDP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP88.02%
EPS Next 2Y5.48%
EPS Next 3Y6.02%

WAREHOUSES DE PAUW SCA

EBR:WDP (7/12/2024, 7:00:00 PM)

26.76

+0.12 (+0.45%)

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 Cap5.99B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.94%
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 39.94
Fwd PE 17.02
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)5.87
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.97%
ROE 3.19%
ROCE
ROIC
ROICexc
ROICexgc
OM 80.29%
PM (TTM) 24.9%
GM 85.28%
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 0.53
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.35
Quick Ratio 0.35
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)
High Growth Momentum
Growth
EPS 1Y (TTM)-71.99%
EPS 3Y-61.36%
EPS 5Y
EPS Q2Q%
EPS Next Y6.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)13.18%
Revenue growth 3Y14.95%
Revenue growth 5Y
Sales 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