WAREHOUSES DE PAUW SCA (WDP.BR)
BE0974349814 - REIT
Taking everything into account, WDP scores 4 out of 10 in our fundamental rating. WDP was compared to 46 industry peers in the Diversified REITs industry. There are concerns on the financial health of WDP while its profitability can be described as average. WDP is quite expensive at the moment. It does show a decent growth rate.
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.
Each year in the past 5 years WDP has been profitable.
In the past 5 years WDP always reported a positive cash flow from operatings.
1.2 Ratios
WDP has a better Return On Assets (1.97%) than 74.42% of its industry peers.
With a decent Return On Equity value of 3.19%, WDP is doing good in the industry, outperforming 72.09% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.93%, WDP belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for WDP is in line with the industry average of 3.51%.
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 Rank | Sector 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
WDP's Profit Margin of 24.90% is fine compared to the rest of the industry. WDP outperforms 74.42% of its industry peers.
WDP's Profit Margin has declined in the last couple of years.
WDP has a Operating Margin of 80.29%. This is in the better half of the industry: WDP outperforms 79.07% of its industry peers.
In the last couple of years the Operating Margin of WDP has declined.
The Gross Margin of WDP (85.28%) is better than 69.77% of its industry peers.
In the last couple of years the Gross Margin of WDP has declined.
| Industry Rank | Sector 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%
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
The number of shares outstanding for WDP has been increased compared to 5 years ago.
Compared to 1 year ago, WDP has an improved debt to assets ratio.
2.2 Solvency
WDP has an Altman-Z score of 1.92. 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.
With an excellent Altman-Z score value of 1.92, WDP belongs to the best of the industry, outperforming 97.67% of the companies in the same industry.
WDP has a debt to FCF ratio of 9.82. This is a negative value and a sign of low solvency as WDP would need 9.82 years to pay back of all of its debts.
WDP has a better Debt to FCF ratio (9.82) than 79.07% of its industry peers.
A Debt/Equity ratio of 0.53 indicates that WDP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.53, WDP belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 9.82 | ||
| Altman-Z | 1.92 |
ROIC/WACC0.85
WACC5.77%
2.3 Liquidity
A Current Ratio of 0.35 indicates that WDP may have some problems paying its short term obligations.
WDP has a worse Current ratio (0.35) than 72.09% of its industry peers.
WDP has a Quick Ratio of 0.35. 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 Quick ratio of 0.35. This is in the lower half of the industry: WDP underperforms 69.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.35 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
The earnings per share for WDP have decreased strongly by -71.99% in the last year.
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.
Looking at the last year, WDP shows a quite strong growth in Revenue. The Revenue has grown by 13.18% in the last year.
WDP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.14% yearly.
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
Based on estimates for the next years, WDP will show a small growth in Earnings Per Share. The EPS will grow by 4.21% on average per year.
The Revenue is expected to grow by 5.80% on average over the next years.
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.
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
WDP is valuated quite expensively with a Price/Earnings ratio of 37.25.
The rest of the industry has a similar Price/Earnings ratio as WDP.
The average S&P500 Price/Earnings ratio is at 24.41. WDP is valued rather expensively when compared to this.
WDP is valuated correctly with a Price/Forward Earnings ratio of 15.88.
Based on the Price/Forward Earnings ratio, WDP is valued a bit more expensive than 69.77% of the companies in the same industry.
WDP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.25 | ||
| Fwd PE | 15.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WDP is valued a bit cheaper than the industry average as 60.47% of the companies are valued more expensively.
WDP's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. WDP is more expensive than 74.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.66 | ||
| EV/EBITDA | 17.17 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of WDP may justify a higher PE ratio.
PEG (NY)5.47
PEG (5Y)N/A
EPS Next 2Y5.48%
EPS Next 3Y6.02%
5. Dividend
5.1 Amount
WDP has a Yearly Dividend Yield of 2.95%.
Compared to an average industry Dividend Yield of 7.37, WDP is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.30, WDP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
5.2 History
The dividend of WDP is nicely growing with an annual growth rate of 12.69%!
Dividend Growth(5Y)12.69%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
WDP pays out 88.02% of its income as dividend. This is not a sustainable payout ratio.
WDP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP88.02%
EPS Next 2Y5.48%
EPS Next 3Y6.02%
WAREHOUSES DE PAUW SCA
EBR:WDP (7/26/2024, 7:00:00 PM)
24.96
-0.94 (-3.63%)
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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.25 | ||
| Fwd PE | 15.88 | ||
| 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)5.47
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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