WAREHOUSES DE PAUW SCA (WDP.BR) Stock Fundamental Analysis
EBR:WDP - Euronext Brussels - BE0974349814 - REIT - Currency: EUR
WDP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. WDP has an excellent profitability rating, but there are concerns on its financial health. WDP has a decent growth rate and is not valued too expensively.
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.
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.
1.2 Ratios
WDP has a better Return On Assets (5.17%) than 92.50% of its industry peers.
WDP has a better Return On Equity (8.72%) than 82.50% of its industry peers.
WDP has a better Return On Invested Capital (4.91%) than 82.50% 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 3.65%.
The 3 year average ROIC (3.20%) for WDP is below the current ROIC(4.91%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.17% | ||
| ROE | 8.72% | ||
| ROIC | 4.91% |
ROA(3y)7.13%
ROA(5y)7.5%
ROE(3y)12.24%
ROE(5y)13.84%
ROIC(3y)3.2%
ROIC(5y)3.33%
1.3 Margins
WDP has a Profit Margin of 65.18%. This is amongst the best in the industry. WDP outperforms 85.00% of its industry peers.
WDP's Profit Margin has declined in the last couple of years.
WDP's Operating Margin of 80.04% is fine compared to the rest of the industry. WDP outperforms 77.50% of its industry peers.
WDP's Operating Margin has declined in the last couple of years.
The Gross Margin of WDP (85.68%) is better than 67.50% of its industry peers.
WDP's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 80.04% | ||
| PM (TTM) | 65.18% | ||
| GM | 85.68% |
OM growth 3Y-1.68%
OM growth 5Y-1.82%
PM growth 3Y-64.37%
PM growth 5Y-49.3%
GM growth 3Y-1.04%
GM growth 5Y-2.19%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WDP 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 better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that WDP is in the distress zone and has some risk of bankruptcy.
WDP has a Altman-Z score of 1.54. This is amongst the best in the industry. WDP outperforms 95.00% of its industry peers.
The Debt to FCF ratio of WDP is 11.15, which is on the high side as it means it would take WDP, 11.15 years of fcf income to pay off all of its debts.
WDP's Debt to FCF ratio of 11.15 is fine compared to the rest of the industry. WDP outperforms 67.50% of its industry peers.
WDP has a Debt/Equity ratio of 0.60. This is a neutral value indicating WDP is somewhat dependend on debt financing.
WDP has a better Debt to Equity ratio (0.60) than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 11.15 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.93
WACC5.27%
2.3 Liquidity
A Current Ratio of 0.46 indicates that WDP may have some problems paying its short term obligations.
WDP has a Current ratio (0.46) which is in line with its industry peers.
WDP has a Quick Ratio of 0.46. 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 Quick ratio of 0.46 is in line compared to the rest of the industry. WDP outperforms 47.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 445.41% over the past year.
WDP shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -44.78% yearly.
WDP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.45%.
Measured over the past years, WDP shows a quite strong growth in Revenue. The Revenue has been growing by 15.14% on average per year.
EPS 1Y (TTM)445.41%
EPS 3Y-61.36%
EPS 5Y-44.78%
EPS Q2Q%341.73%
Revenue 1Y (TTM)12.45%
Revenue growth 3Y14.95%
Revenue growth 5Y15.14%
Sales Q2Q%8.05%
3.2 Future
WDP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.55% yearly.
Based on estimates for the next years, WDP will show a quite strong growth in Revenue. The Revenue will grow by 8.71% on average per year.
EPS Next Y3.68%
EPS Next 2Y5.15%
EPS Next 3Y4.96%
EPS Next 5Y5.55%
Revenue Next Year12.7%
Revenue Next 2Y12.45%
Revenue Next 3Y10.82%
Revenue Next 5Y8.71%
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
WDP is valuated reasonably with a Price/Earnings ratio of 11.30.
75.00% of the companies in the same industry are more expensive than WDP, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.47. WDP is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 13.16 indicates a correct valuation of WDP.
Based on the Price/Forward Earnings ratio, WDP is valued a bit more expensive than 65.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 92.74. WDP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.3 | ||
| Fwd PE | 13.16 |
4.2 Price Multiples
WDP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WDP is cheaper than 67.50% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, WDP is valued a bit more expensive than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.06 | ||
| EV/EBITDA | 14.43 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of WDP may justify a higher PE ratio.
PEG (NY)3.07
PEG (5Y)N/A
EPS Next 2Y5.15%
EPS Next 3Y4.96%
5. Dividend
5.1 Amount
WDP has a Yearly Dividend Yield of 3.79%.
Compared to an average industry Dividend Yield of 7.06, WDP is paying slightly less dividend.
WDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
5.2 History
On average, the dividend of WDP grows each year by 12.69%, which is quite nice.
Dividend Growth(5Y)12.69%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
35.63% of the earnings are spent on dividend by WDP. This is a low number and sustainable payout ratio.
The dividend of WDP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.63%
EPS Next 2Y5.15%
EPS Next 3Y4.96%
WAREHOUSES DE PAUW SCA
EBR:WDP (2/5/2025, 1:38:12 PM)
20.56
+0.3 (+1.48%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners40.72%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap4.64B
Analysts70
Price Target25.66 (24.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
Yearly Dividend0.6
Dividend Growth(5Y)12.69%
DP35.63%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.26%
Min EPS beat(2)-3.53%
Max EPS beat(2)-0.99%
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)-0.03%
Min Revenue beat(2)-0.65%
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)-8.82%
PT rev (3m)-9.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.7%
EPS NY rev (3m)-0.98%
Revenue NQ rev (1m)3.38%
Revenue NQ rev (3m)3.38%
Revenue NY rev (1m)0.51%
Revenue NY rev (3m)0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.3 | ||
| Fwd PE | 13.16 | ||
| P/S | 7.51 | ||
| P/FCF | 18.06 | ||
| P/OCF | 16.34 | ||
| P/B | 1 | ||
| P/tB | 1 | ||
| EV/EBITDA | 14.43 |
EPS(TTM)1.82
EY8.85%
EPS(NY)1.56
Fwd EY7.6%
FCF(TTM)1.14
FCFY5.54%
OCF(TTM)1.26
OCFY6.12%
SpS2.74
BVpS20.47
TBVpS20.46
PEG (NY)3.07
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.17% | ||
| ROE | 8.72% | ||
| ROCE | 6.54% | ||
| ROIC | 4.91% | ||
| ROICexc | 4.92% | ||
| ROICexgc | 4.93% | ||
| OM | 80.04% | ||
| PM (TTM) | 65.18% | ||
| GM | 85.68% | ||
| FCFM | 41.57% |
ROA(3y)7.13%
ROA(5y)7.5%
ROE(3y)12.24%
ROE(5y)13.84%
ROIC(3y)3.2%
ROIC(5y)3.33%
ROICexc(3y)3.2%
ROICexc(5y)3.34%
ROICexgc(3y)3.2%
ROICexgc(5y)3.34%
ROCE(3y)4.36%
ROCE(5y)4.59%
ROICexcg growth 3Y-1.84%
ROICexcg growth 5Y-1.89%
ROICexc growth 3Y-1.84%
ROICexc growth 5Y-1.89%
OM growth 3Y-1.68%
OM growth 5Y-1.82%
PM growth 3Y-64.37%
PM growth 5Y-49.3%
GM growth 3Y-1.04%
GM growth 5Y-2.19%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 11.15 | ||
| Debt/EBITDA | 5.42 | ||
| Cap/Depr | 143.75% | ||
| Cap/Sales | 4.39% | ||
| Interest Coverage | 11.43 | ||
| Cash Conversion | 55.31% | ||
| Profit Quality | 63.79% | ||
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | 1.54 |
F-Score6
WACC5.27%
ROIC/WACC0.93
Cap/Depr(3y)179.98%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.48%
Cap/Sales(5y)4.16%
Profit Quality(3y)431.64%
Profit Quality(5y)280.58%
High Growth Momentum
Growth
EPS 1Y (TTM)445.41%
EPS 3Y-61.36%
EPS 5Y-44.78%
EPS Q2Q%341.73%
EPS Next Y3.68%
EPS Next 2Y5.15%
EPS Next 3Y4.96%
EPS Next 5Y5.55%
Revenue 1Y (TTM)12.45%
Revenue growth 3Y14.95%
Revenue growth 5Y15.14%
Sales Q2Q%8.05%
Revenue Next Year12.7%
Revenue Next 2Y12.45%
Revenue Next 3Y10.82%
Revenue Next 5Y8.71%
EBIT growth 1Y8.68%
EBIT growth 3Y13.02%
EBIT growth 5Y13.05%
EBIT Next Year16%
EBIT Next 3Y12.44%
EBIT Next 5Y10.54%
FCF growth 1Y-19.16%
FCF growth 3Y3.91%
FCF growth 5Y9.24%
OCF growth 1Y-13.77%
OCF growth 3Y6.1%
OCF growth 5Y10.06%