WAREHOUSES DE PAUW SCA (WDP.BR) Stock Fundamental Analysis
EBR:WDP - Euronext Brussels - BE0974349814 - REIT - Currency: EUR
Overall WDP gets a fundamental rating of 5 out of 10. We evaluated WDP against 40 industry peers in the Diversified REITs industry. WDP scores excellent on profitability, but there are concerns on its financial health. WDP has a correct valuation and a medium 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.
In the past 5 years WDP always reported a positive cash flow from operatings.
1.2 Ratios
WDP has a Return On Assets of 7.00%. This is amongst the best in the industry. WDP outperforms 97.50% of its industry peers.
WDP has a better Return On Equity (12.34%) than 95.00% of its industry peers.
With an excellent Return On Invested Capital value of 5.20%, WDP belongs to the best of the industry, outperforming 87.50% 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 3.63%.
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 better Profit Margin (87.61%) than 87.50% of its industry peers.
In the last couple of years the Profit Margin of WDP has declined.
The Operating Margin of WDP (81.78%) is better than 80.00% of its industry peers.
In the last couple of years the Operating Margin of WDP has remained more or less at the same level.
With a decent Gross Margin value of 85.85%, WDP is doing good in the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Gross Margin of WDP has remained more or less at the same level.
| 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.
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
WDP has an Altman-Z score of 1.41. This is a bad value and indicates that WDP is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of WDP (1.41) is better than 87.50% 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.
With an excellent Debt to FCF ratio value of 8.59, WDP belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
WDP has a Debt/Equity ratio of 0.64. This is a neutral value indicating WDP is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.64, WDP is doing good in the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.96
WACC5.41%
2.3 Liquidity
WDP has a Current 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.
The Current ratio of WDP (0.20) is worse than 77.50% of its industry peers.
A Quick Ratio of 0.20 indicates that WDP may have some problems paying its short term obligations.
The Quick ratio of WDP (0.20) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
WDP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 295.98%, which is quite impressive.
The Earnings Per Share has been decreasing by -4.02% on average over the past years.
WDP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.81%.
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)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%-1.56%
3.2 Future
The Earnings Per Share is expected to grow by 5.36% 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 6.87% yearly.
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
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
A Price/Earnings ratio of 13.53 indicates a correct valuation of WDP.
Compared to the rest of the industry, the Price/Earnings ratio of WDP indicates a somewhat cheap valuation: WDP is cheaper than 62.50% of the companies listed in the same industry.
WDP is valuated cheaply when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.61, which indicates a correct valuation of WDP.
The rest of the industry has a similar Price/Forward Earnings ratio as WDP.
When comparing the Price/Forward Earnings ratio of WDP to the average of the S&P500 Index (21.60), we can say WDP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.53 | ||
| Fwd PE | 12.61 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WDP indicates a somewhat cheap valuation: WDP is cheaper than 72.50% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WDP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.05 | ||
| EV/EBITDA | 14.32 |
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.
The excellent profitability rating of WDP may justify a higher PE ratio.
PEG (NY)2.32
PEG (5Y)N/A
EPS Next 2Y5.74%
EPS Next 3Y5.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.11%, WDP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.53, WDP is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.42, WDP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.11% |
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
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 (6/30/2025, 5:36:15 PM)
20.7
+0.12 (+0.58%)
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 Cap4.79B
Analysts74
Price Target25.67 (24.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.11% |
Yearly Dividend0.64
Dividend Growth(5Y)9.73%
DP24.06%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.62%
Min EPS beat(2)-0.99%
Max EPS beat(2)4.22%
EPS beat(4)1
Avg EPS beat(4)-0.32%
Min EPS beat(4)-3.53%
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)-0.94%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)0.82%
Revenue beat(4)2
Avg Revenue beat(4)-0.49%
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%
PT rev (3m)-0.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.53 | ||
| Fwd PE | 12.61 | ||
| P/S | 7.04 | ||
| P/FCF | 12.05 | ||
| P/OCF | 11.22 | ||
| P/B | 0.99 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | 14.32 |
EPS(TTM)1.53
EY7.39%
EPS(NY)1.64
Fwd EY7.93%
FCF(TTM)1.72
FCFY8.3%
OCF(TTM)1.84
OCFY8.91%
SpS2.94
BVpS20.87
TBVpS20.87
PEG (NY)2.32
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 | 1.41 |
F-Score5
WACC5.41%
ROIC/WACC0.96
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%-1.56%
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 Year3.73%
EBIT Next 3Y7.2%
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%