WAREHOUSES DE PAUW SCA (WDP.BR) Stock Fundamental Analysis

Europe • Euronext Brussels • EBR:WDP • BE0974349814

24.3 EUR
+0.24 (+1%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

WDP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • WDP had positive earnings in the past year.
  • In the past year WDP had a positive cash flow from operations.
  • 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.
WDP.BR Yearly Net Income VS EBIT VS OCF VS FCFWDP.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

  • With an excellent Return On Assets value of 6.12%, WDP belongs to the best of the industry, outperforming 97.62% of the companies in the same industry.
  • The Return On Equity of WDP (10.96%) is better than 95.24% of its industry peers.
  • WDP has a Return On Invested Capital of 5.60%. This is amongst the best in the industry. WDP outperforms 92.86% 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 3.37%.
  • The 3 year average ROIC (3.28%) for WDP is below the current ROIC(5.60%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.12%
ROE 10.96%
ROIC 5.6%
ROA(3y)3.54%
ROA(5y)6.69%
ROE(3y)5.97%
ROE(5y)11.94%
ROIC(3y)3.28%
ROIC(5y)3.31%
WDP.BR Yearly ROA, ROE, ROICWDP.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • WDP's Profit Margin of 73.30% is amongst the best of the industry. WDP outperforms 83.33% of its industry peers.
  • WDP's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 82.18%, WDP belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • WDP's Operating Margin has been stable in the last couple of years.
  • With an excellent Gross Margin value of 86.35%, WDP belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
  • WDP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 82.18%
PM (TTM) 73.3%
GM 86.35%
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%
WDP.BR Yearly Profit, Operating, Gross MarginsWDP.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 100 200 300

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3

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 a worse debt to assets ratio.
WDP.BR Yearly Shares OutstandingWDP.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
WDP.BR Yearly Total Debt VS Total AssetsWDP.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.47, we must say that WDP is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of WDP (1.47) is better than 95.24% of its industry peers.
  • The Debt to FCF ratio of WDP is 8.72, which is on the high side as it means it would take WDP, 8.72 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 8.72, WDP belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
  • WDP has a Debt/Equity ratio of 0.62. This is a neutral value indicating WDP is somewhat dependend on debt financing.
  • WDP has a better Debt to Equity ratio (0.62) than 61.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 8.72
Altman-Z 1.47
ROIC/WACC0.97
WACC5.8%
WDP.BR Yearly LT Debt VS Equity VS FCFWDP.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

  • WDP has a Current Ratio of 0.13. 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's Current ratio of 0.13 is on the low side compared to the rest of the industry. WDP is outperformed by 83.33% of its industry peers.
  • A Quick Ratio of 0.13 indicates that WDP may have some problems paying its short term obligations.
  • WDP has a Quick ratio of 0.13. This is amonst the worse of the industry: WDP underperforms 83.33% of its industry peers.
Industry RankSector Rank
Current Ratio 0.13
Quick Ratio 0.13
WDP.BR Yearly Current Assets VS Current LiabilitesWDP.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 29.71% 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 18.37% 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)29.71%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%2.56%
Revenue 1Y (TTM)18.37%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%14.84%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.10% on average over the next years. This is quite good.
  • WDP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.87% yearly.
EPS Next Y12.01%
EPS Next 2Y9.04%
EPS Next 3Y10.1%
EPS Next 5YN/A
Revenue Next Year16.66%
Revenue Next 2Y12.53%
Revenue Next 3Y10.41%
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.
WDP.BR Yearly Revenue VS EstimatesWDP.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
WDP.BR Yearly EPS VS EstimatesWDP.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.58, the valuation of WDP can be described as correct.
  • WDP's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of WDP to the average of the S&P500 Index (28.25), we can say WDP is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 13.92, WDP is valued correctly.
  • Based on the Price/Forward Earnings ratio, WDP is valued a bit more expensive than the industry average as 61.90% of the companies are valued more cheaply.
  • WDP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.50, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.58
Fwd PE 13.92
WDP.BR Price Earnings VS Forward Price EarningsWDP.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 76.19% 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 RankSector Rank
P/FCF 13.87
EV/EBITDA 15.03
WDP.BR Per share dataWDP.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

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)1.3
PEG (5Y)N/A
EPS Next 2Y9.04%
EPS Next 3Y10.1%

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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.70%, WDP has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 5.30, WDP is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, WDP pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.7%

5.2 History

  • On average, the dividend of WDP grows each year by 9.73%, which is quite nice.
Dividend Growth(5Y)9.73%
Div Incr Years4
Div Non Decr Years4
WDP.BR Yearly Dividends per shareWDP.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

  • 30.51% of the earnings are spent on dividend by WDP. This is a low number and sustainable payout ratio.
  • WDP's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP30.51%
EPS Next 2Y9.04%
EPS Next 3Y10.1%
WDP.BR Yearly Income VS Free CF VS DividendWDP.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
WDP.BR Dividend Payout.WDP.BR Dividend Payout, showing the Payout Ratio.WDP.BR Dividend Payout.PayoutRetained Earnings

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WAREHOUSES DE PAUW SCA

EBR:WDP (2/4/2026, 7:00:00 PM)

24.3

+0.24 (+1%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)01-30
Earnings (Next)04-24
Inst Owners43.3%
Inst Owner ChangeN/A
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap5.71B
Revenue(TTM)730.90M
Net Income(TTM)535.76M
Analysts74.29
Price Target25.66 (5.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.7%
Yearly Dividend0.64
Dividend Growth(5Y)9.73%
DP30.51%
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)-1.3%
Min Revenue beat(2)-2.63%
Max Revenue beat(2)0.04%
Revenue beat(4)2
Avg Revenue beat(4)-1.12%
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)1.55%
PT rev (3m)2.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.63%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)5.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 15.58
Fwd PE 13.92
P/S 7.82
P/FCF 13.87
P/OCF 12.94
P/B 1.17
P/tB 1.17
EV/EBITDA 15.03
EPS(TTM)1.56
EY6.42%
EPS(NY)1.75
Fwd EY7.18%
FCF(TTM)1.75
FCFY7.21%
OCF(TTM)1.88
OCFY7.73%
SpS3.11
BVpS20.79
TBVpS20.78
PEG (NY)1.3
PEG (5Y)N/A
Graham Number27.01
Profitability
Industry RankSector Rank
ROA 6.12%
ROE 10.96%
ROCE 7.47%
ROIC 5.6%
ROICexc 5.61%
ROICexgc 5.61%
OM 82.18%
PM (TTM) 73.3%
GM 86.35%
FCFM 56.37%
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%
ROICexgc growth 3Y2.6%
ROICexgc 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-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 8.72
Debt/EBITDA 4.92
Cap/Depr 219.94%
Cap/Sales 4.07%
Interest Coverage 7.9
Cash Conversion 71.92%
Profit Quality 76.9%
Current Ratio 0.13
Quick Ratio 0.13
Altman-Z 1.47
F-Score6
WACC5.8%
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)29.71%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%2.56%
EPS Next Y12.01%
EPS Next 2Y9.04%
EPS Next 3Y10.1%
EPS Next 5YN/A
Revenue 1Y (TTM)18.37%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%14.84%
Revenue Next Year16.66%
Revenue Next 2Y12.53%
Revenue Next 3Y10.41%
Revenue Next 5Y6.87%
EBIT growth 1Y21.53%
EBIT growth 3Y13.38%
EBIT growth 5Y13.78%
EBIT Next Year5.01%
EBIT Next 3Y7.53%
EBIT Next 5YN/A
FCF growth 1Y58.77%
FCF growth 3Y14.86%
FCF growth 5Y18.27%
OCF growth 1Y57.39%
OCF growth 3Y16.83%
OCF growth 5Y18.57%

WAREHOUSES DE PAUW SCA / WDP.BR FAQ

What is the ChartMill fundamental rating of WAREHOUSES DE PAUW SCA (WDP.BR) stock?

ChartMill assigns a fundamental rating of 5 / 10 to WDP.BR.


What is the valuation status of WAREHOUSES DE PAUW SCA (WDP.BR) stock?

ChartMill assigns a valuation rating of 4 / 10 to WAREHOUSES DE PAUW SCA (WDP.BR). This can be considered as Fairly Valued.


How profitable is WAREHOUSES DE PAUW SCA (WDP.BR) stock?

WAREHOUSES DE PAUW SCA (WDP.BR) has a profitability rating of 8 / 10.


Can you provide the financial health for WDP stock?

The financial health rating of WAREHOUSES DE PAUW SCA (WDP.BR) is 3 / 10.


How sustainable is the dividend of WAREHOUSES DE PAUW SCA (WDP.BR) stock?

The dividend rating of WAREHOUSES DE PAUW SCA (WDP.BR) is 6 / 10 and the dividend payout ratio is 30.51%.