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 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 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.
In the past 5 years WDP has always been profitable.
Each year in the past 5 years WDP had a positive operating cash flow.
1.2 Ratios
WDP has a Return On Assets of 7.69%. This is amongst the best in the industry. WDP outperforms 97.62% of its industry peers.
WDP's Return On Equity of 13.29% is amongst the best of the industry. WDP outperforms 97.62% of its industry peers.
With an excellent Return On Invested Capital value of 5.06%, WDP belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
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 3.74%.
The last Return On Invested Capital (5.06%) for WDP is above the 3 year average (3.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.69% | ||
| ROE | 13.29% | ||
| ROIC | 5.06% |
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 (96.22%) than 95.24% of its industry peers.
In the last couple of years the Profit Margin of WDP has declined.
WDP has a better Operating Margin (82.31%) than 78.57% 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 86.34%, WDP is doing good in the industry, outperforming 73.81% 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 | 82.31% | ||
| PM (TTM) | 96.22% | ||
| GM | 86.34% |
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
WDP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for WDP has been increased compared to 1 year ago.
Compared to 5 years ago, WDP has more shares outstanding
WDP has a worse debt/assets ratio than last year.
2.2 Solvency
WDP has an Altman-Z score of 1.54. 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 (1.54) is better than 92.86% of its industry peers.
The Debt to FCF ratio of WDP is 9.62, which is on the high side as it means it would take WDP, 9.62 years of fcf income to pay off all of its debts.
WDP has a better Debt to FCF ratio (9.62) than 80.95% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that WDP is somewhat dependend on debt financing.
WDP's Debt to Equity ratio of 0.65 is fine compared to the rest of the industry. WDP outperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 9.62 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.91
WACC5.59%
2.3 Liquidity
WDP has a Current Ratio of 0.36. 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 Current ratio (0.36) which is comparable to the rest of the industry.
A Quick Ratio of 0.36 indicates that WDP may have some problems paying its short term obligations.
WDP has a Quick ratio (0.36) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
WDP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12373.59%, which is quite impressive.
The Earnings Per Share has been decreasing by -4.02% on average over the past years.
Looking at the last year, WDP shows a quite strong growth in Revenue. The Revenue has grown by 14.51% in the last year.
WDP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.68% yearly.
EPS 1Y (TTM)12373.59%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%2930.55%
Revenue 1Y (TTM)14.51%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%-45.05%
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 5.36% on average per year.
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 Year14.67%
Revenue Next 2Y11.45%
Revenue Next 3Y9.88%
Revenue Next 5Y6.87%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 7.80, the valuation of WDP can be described as very cheap.
WDP's Price/Earnings ratio is rather cheap when compared to the industry. WDP is cheaper than 80.95% of the companies in the same industry.
WDP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.78.
A Price/Forward Earnings ratio of 14.25 indicates a correct valuation of WDP.
Based on the Price/Forward Earnings ratio, WDP is valued a bit more expensive than 69.05% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.32. WDP is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.8 | ||
| Fwd PE | 14.25 |
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 69.05% of the companies listed in the same industry.
WDP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.3 | ||
| EV/EBITDA | 14.66 |
4.3 Compensation for Growth
WDP's 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)1.33
PEG (5Y)N/A
EPS Next 2Y5.74%
EPS Next 3Y5.36%
5. Dividend
5.1 Amount
WDP has a Yearly Dividend Yield of 3.55%.
Compared to an average industry Dividend Yield of 7.70, WDP is paying slightly less dividend.
WDP's Dividend Yield is a higher than the S&P500 average which is at 2.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
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 Years3
Div Non Decr Years3
5.3 Sustainability
WDP pays out 22.72% of its income as dividend. This is a sustainable payout ratio.
WDP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP22.72%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EBR:WDP (4/28/2025, 10:35:49 AM)
22.14
+0.18 (+0.82%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners40.43%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap5.00B
Analysts74
Price Target25.57 (15.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
Yearly Dividend0.64
Dividend Growth(5Y)9.73%
DP22.72%
Div Incr Years3
Div Non Decr Years3
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)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)-1.06%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)0.59%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-0.71%
PT rev (3m)-9.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.88%
EPS NY rev (1m)-0.06%
EPS NY rev (3m)0.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.41%
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.8 | ||
| Fwd PE | 14.25 | ||
| P/S | 7.63 | ||
| P/FCF | 15.3 | ||
| P/OCF | 14.04 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 14.66 |
EPS(TTM)2.84
EY12.83%
EPS(NY)1.55
Fwd EY7.02%
FCF(TTM)1.45
FCFY6.54%
OCF(TTM)1.58
OCFY7.12%
SpS2.9
BVpS21.01
TBVpS21.01
PEG (NY)1.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.69% | ||
| ROE | 13.29% | ||
| ROCE | 6.76% | ||
| ROIC | 5.06% | ||
| ROICexc | 5.07% | ||
| ROICexgc | 5.07% | ||
| OM | 82.31% | ||
| PM (TTM) | 96.22% | ||
| GM | 86.34% | ||
| FCFM | 49.87% |
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-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 9.62 | ||
| Debt/EBITDA | 5.58 | ||
| Cap/Depr | 245.57% | ||
| Cap/Sales | 4.47% | ||
| Interest Coverage | 10.89 | ||
| Cash Conversion | 64.59% | ||
| Profit Quality | 51.83% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.54 |
F-Score4
WACC5.59%
ROIC/WACC0.91
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)12373.59%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%2930.55%
EPS Next Y5.84%
EPS Next 2Y5.74%
EPS Next 3Y5.36%
EPS Next 5YN/A
Revenue 1Y (TTM)14.51%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%-45.05%
Revenue Next Year14.67%
Revenue Next 2Y11.45%
Revenue Next 3Y9.88%
Revenue Next 5Y6.87%
EBIT growth 1Y16.77%
EBIT growth 3Y13.38%
EBIT growth 5Y13.78%
EBIT Next Year0.62%
EBIT Next 3Y7.05%
EBIT Next 5YN/A
FCF growth 1Y24.5%
FCF growth 3Y14.86%
FCF growth 5Y18.27%
OCF growth 1Y24.11%
OCF growth 3Y16.83%
OCF growth 5Y18.57%