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
WDP had positive earnings in the past year.
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
WDP has a better Return On Assets (6.06%) than 95.24% of its industry peers.
The Return On Equity of WDP (10.95%) is better than 95.24% of its industry peers.
WDP's Return On Invested Capital of 5.47% is amongst the best of the industry. WDP outperforms 88.10% of its industry peers.
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 3.60%.
The last Return On Invested Capital (5.47%) for WDP is above the 3 year average (3.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.06% | ||
| ROE | 10.95% | ||
| ROIC | 5.47% |
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 72.74%, WDP belongs to the best of the industry, outperforming 80.95% 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 82.48%, WDP belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
WDP's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 86.19%, WDP is doing good in the industry, outperforming 71.43% of the companies in the same industry.
WDP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 82.48% | ||
| PM (TTM) | 72.74% | ||
| GM | 86.19% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WDP is still creating some value.
Compared to 1 year ago, WDP has more shares outstanding
WDP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, WDP has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.37, we must say that WDP is in the distress zone and has some risk of bankruptcy.
WDP has a Altman-Z score of 1.37. This is amongst the best in the industry. WDP outperforms 85.71% of its industry peers.
WDP has a debt to FCF ratio of 8.38. This is a slightly negative value and a sign of low solvency as WDP would need 8.38 years to pay back of all of its debts.
The Debt to FCF ratio of WDP (8.38) is better than 88.10% of its industry peers.
A Debt/Equity ratio of 0.68 indicates that WDP is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.68, WDP is doing good in the industry, outperforming 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 8.38 | ||
| Altman-Z | 1.37 |
ROIC/WACC1
WACC5.45%
2.3 Liquidity
WDP has a Current Ratio of 0.15. 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 Current ratio (0.15) than 83.33% of its industry peers.
A Quick Ratio of 0.15 indicates that WDP may have some problems paying its short term obligations.
With a Quick ratio value of 0.15, WDP is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 |
3. Growth
3.1 Past
WDP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 53.55%, which is quite impressive.
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.
Looking at the last year, WDP shows a quite strong growth in Revenue. The Revenue has grown by 18.33% in the last year.
Measured over the past years, WDP shows a quite strong growth in Revenue. The Revenue has been growing by 14.68% on average per year.
EPS 1Y (TTM)53.55%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%5.26%
Revenue 1Y (TTM)18.33%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%16.73%
3.2 Future
WDP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.36% yearly.
Based on estimates for the next years, WDP will show a small growth in Revenue. The Revenue will grow by 6.87% on average per year.
EPS Next Y5.84%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EPS Next 5YN/A
Revenue Next Year16.77%
Revenue Next 2Y12.43%
Revenue Next 3Y10.57%
Revenue Next 5Y6.87%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.91, which indicates a correct valuation of WDP.
WDP's Price/Earnings is on the same level as the industry average.
WDP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.54.
WDP is valuated correctly with a Price/Forward Earnings ratio of 13.14.
WDP's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 35.28. WDP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.91 | ||
| Fwd PE | 13.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WDP is valued a bit cheaper than 73.81% of the companies in the same industry.
WDP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.82 | ||
| EV/EBITDA | 13.93 |
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 an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.38
PEG (5Y)N/A
EPS Next 2Y5.74%
EPS Next 3Y5.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.09%, WDP is a good candidate for dividend investing.
WDP's Dividend Yield is slightly below the industry average, which is at 5.44.
WDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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 Years4
Div Non Decr Years4
5.3 Sustainability
WDP pays out 31.43% 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.
DP31.43%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EBR:WDP (8/8/2025, 5:29:58 PM)
21.56
+0.18 (+0.84%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners39.82%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap5.02B
Analysts74
Price Target25.66 (19.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
Yearly Dividend0.64
Dividend Growth(5Y)9.73%
DP31.43%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.99%
Min EPS beat(2)-0.99%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)0.31%
Min EPS beat(4)-0.99%
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)-0.91%
Min Revenue beat(2)-2.63%
Max Revenue beat(2)0.82%
Revenue beat(4)2
Avg Revenue beat(4)-0.98%
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)-0.04%
PT rev (3m)0.36%
EPS NQ rev (1m)-2.44%
EPS NQ rev (3m)-2.44%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.96%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)1.2%
Revenue NY rev (3m)1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.91 | ||
| Fwd PE | 13.14 | ||
| P/S | 7.02 | ||
| P/FCF | 11.82 | ||
| P/OCF | 11 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 13.93 |
EPS(TTM)1.55
EY7.19%
EPS(NY)1.64
Fwd EY7.61%
FCF(TTM)1.82
FCFY8.46%
OCF(TTM)1.96
OCFY9.09%
SpS3.07
BVpS20.41
TBVpS20.4
PEG (NY)2.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.06% | ||
| ROE | 10.95% | ||
| ROCE | 7.42% | ||
| ROIC | 5.47% | ||
| ROICexc | 5.48% | ||
| ROICexgc | 5.48% | ||
| OM | 82.48% | ||
| PM (TTM) | 72.74% | ||
| GM | 86.19% | ||
| FCFM | 59.35% |
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 | 0.68 | ||
| Debt/FCF | 8.38 | ||
| Debt/EBITDA | 5.33 | ||
| Cap/Depr | 266.75% | ||
| Cap/Sales | 4.42% | ||
| Interest Coverage | 8.63 | ||
| Cash Conversion | 75.79% | ||
| Profit Quality | 81.6% | ||
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 | ||
| Altman-Z | 1.37 |
F-Score5
WACC5.45%
ROIC/WACC1
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)53.55%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%5.26%
EPS Next Y5.84%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EPS Next 5YN/A
Revenue 1Y (TTM)18.33%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%16.73%
Revenue Next Year16.77%
Revenue Next 2Y12.43%
Revenue Next 3Y10.57%
Revenue Next 5Y6.87%
EBIT growth 1Y22.73%
EBIT growth 3Y13.38%
EBIT growth 5Y13.78%
EBIT Next Year3.73%
EBIT Next 3Y7.2%
EBIT Next 5YN/A
FCF growth 1Y94.71%
FCF growth 3Y14.86%
FCF growth 5Y18.27%
OCF growth 1Y87.69%
OCF growth 3Y16.83%
OCF growth 5Y18.57%