WAREHOUSES DE PAUW SCA (WDP.BR) Stock Fundamental Analysis
EBR:WDP - Euronext Brussels - BE0974349814 - REIT - Currency: EUR
We assign a fundamental rating of 5 out of 10 to WDP. WDP was compared to 41 industry peers in the Diversified REITs industry. WDP has an excellent profitability rating, 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.
In the past year WDP had a positive cash flow from operations.
In the past 5 years WDP has always been profitable.
WDP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 10.30%, WDP belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
WDP has a better Return On Equity (17.81%) than 97.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.63%, WDP belongs to the top of the industry, outperforming 90.70% 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 4.05%.
The 3 year average ROIC (3.28%) for WDP is below the current ROIC(6.63%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.3% | ||
| ROE | 17.81% | ||
| ROIC | 6.63% |
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 97.28%, WDP belongs to the best of the industry, outperforming 95.35% of the companies in the same industry.
In the last couple of years the Profit Margin of WDP has declined.
With a decent Operating Margin value of 81.25%, WDP is doing good in the industry, outperforming 76.74% of the companies in the same industry.
In the last couple of years the Operating Margin of WDP has remained more or less at the same level.
WDP has a better Gross Margin (85.50%) than 69.77% of its industry peers.
WDP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 81.25% | ||
| PM (TTM) | 97.28% | ||
| GM | 85.5% |
OM growth 3Y-2.52%
OM growth 5Y-0.79%
PM growth 3Y-34.44%
PM growth 5Y-11.03%
GM growth 3Y-0.86%
GM growth 5Y-0.55%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WDP is creating some value.
Compared to 1 year ago, WDP has more shares outstanding
Compared to 5 years ago, WDP has more shares outstanding
The debt/assets ratio for WDP is higher compared to a year ago.
2.2 Solvency
WDP has an Altman-Z score of 1.59. This is a bad value and indicates that WDP is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.59, WDP belongs to the best of the industry, outperforming 95.35% of the companies in the same industry.
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 81.40% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that WDP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.65, WDP is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 9.62 | ||
| Altman-Z | 1.59 |
ROIC/WACC1.23
WACC5.38%
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.
WDP has a Quick 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 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
The Earnings Per Share has grown by an impressive 16585.71% over the past year.
WDP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.02% yearly.
WDP shows a strong growth in Revenue. In the last year, the Revenue has grown by 51.81%.
The Revenue has been growing by 14.68% on average over the past years. This is quite good.
EPS 1Y (TTM)16585.71%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%5734.58%
Revenue 1Y (TTM)51.81%
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 5.77% 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 Y6.06%
EPS Next 2Y5.88%
EPS Next 3Y5.77%
EPS Next 5YN/A
Revenue Next Year14.23%
Revenue Next 2Y11.3%
Revenue Next 3Y9.99%
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
WDP is valuated cheaply with a Price/Earnings ratio of 5.51.
97.67% of the companies in the same industry are more expensive than WDP, based on the Price/Earnings ratio.
WDP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
With a Price/Forward Earnings ratio of 13.47, WDP is valued correctly.
WDP's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. WDP is more expensive than 65.12% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, WDP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.51 | ||
| Fwd PE | 13.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WDP is valued cheaper than 83.72% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as WDP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.5 | ||
| EV/EBITDA | 10.96 |
4.3 Compensation for Growth
WDP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
WDP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.91
PEG (5Y)N/A
EPS Next 2Y5.88%
EPS Next 3Y5.77%
5. Dividend
5.1 Amount
WDP has a Yearly Dividend Yield of 3.93%.
WDP's Dividend Yield is slightly below the industry average, which is at 8.71.
Compared to an average S&P500 Dividend Yield of 2.33, WDP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.93% |
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 Years3
Div Non Decr Years3
5.3 Sustainability
WDP pays out 16.95% 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.
DP16.95%
EPS Next 2Y5.88%
EPS Next 3Y5.77%
EBR:WDP (3/7/2025, 7:00:00 PM)
20.98
+1.03 (+5.16%)
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 Cap4.74B
Analysts74
Price Target25.75 (22.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.93% |
Yearly Dividend0.64
Dividend Growth(5Y)9.73%
DP16.95%
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)0.34%
PT rev (3m)-8.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.88%
EPS NY rev (1m)-0.34%
EPS NY rev (3m)0.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.41%
Revenue NY rev (1m)1.39%
Revenue NY rev (3m)4.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.51 | ||
| Fwd PE | 13.47 | ||
| P/S | 5.45 | ||
| P/FCF | 14.5 | ||
| P/OCF | 13.31 | ||
| P/B | 1 | ||
| P/tB | 1 | ||
| EV/EBITDA | 10.96 |
EPS(TTM)3.81
EY18.16%
EPS(NY)1.56
Fwd EY7.42%
FCF(TTM)1.45
FCFY6.9%
OCF(TTM)1.58
OCFY7.52%
SpS3.85
BVpS21.01
TBVpS21.01
PEG (NY)0.91
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.3% | ||
| ROE | 17.81% | ||
| ROCE | 8.84% | ||
| ROIC | 6.63% | ||
| ROICexc | 6.64% | ||
| ROICexgc | 6.64% | ||
| OM | 81.25% | ||
| PM (TTM) | 97.28% | ||
| GM | 85.5% | ||
| FCFM | 37.62% |
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 3Y2.62%
ROICexcg growth 5Y-0.55%
ROICexc growth 3Y2.62%
ROICexc growth 5Y-0.56%
OM growth 3Y-2.52%
OM growth 5Y-0.79%
PM growth 3Y-34.44%
PM growth 5Y-11.03%
GM growth 3Y-0.86%
GM growth 5Y-0.55%
F-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 9.62 | ||
| Debt/EBITDA | 4.28 | ||
| Cap/Depr | 245.57% | ||
| Cap/Sales | 3.37% | ||
| Interest Coverage | 14.26 | ||
| Cash Conversion | 49.61% | ||
| Profit Quality | 38.67% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.59 |
F-Score5
WACC5.38%
ROIC/WACC1.23
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)16585.71%
EPS 3Y-28.63%
EPS 5Y-4.02%
EPS Q2Q%5734.58%
EPS Next Y6.06%
EPS Next 2Y5.88%
EPS Next 3Y5.77%
EPS Next 5YN/A
Revenue 1Y (TTM)51.81%
Revenue growth 3Y16.3%
Revenue growth 5Y14.68%
Sales Q2Q%-45.05%
Revenue Next Year14.23%
Revenue Next 2Y11.3%
Revenue Next 3Y9.99%
Revenue Next 5Y6.87%
EBIT growth 1Y52.81%
EBIT growth 3Y13.37%
EBIT growth 5Y13.77%
EBIT Next Year-1.25%
EBIT Next 3Y4.47%
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%