WAREHOUSES DE PAUW SCA (WDP.BR)
BE0974349814 - REIT
WDP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 45 industry peers in the Diversified REITs industry. While WDP has a great profitability rating, there are quite some concerns on its financial health. WDP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year WDP was profitable.
WDP had a positive operating cash flow in the past year.
WDP had positive earnings in each of the past 5 years.
WDP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
WDP has a better Return On Assets (5.17%) than 92.86% of its industry peers.
The Return On Equity of WDP (8.72%) is better than 83.33% of its industry peers.
The Return On Invested Capital of WDP (4.91%) is better than 85.71% of its industry peers.
WDP had an Average Return On Invested Capital over the past 3 years of 3.20%. This is in line with the industry average of 3.47%.
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 better Profit Margin (65.18%) than 85.71% of its industry peers.
WDP's Profit Margin has declined in the last couple of years.
WDP has a better Operating Margin (80.04%) than 76.19% of its industry peers.
WDP's Operating Margin has declined in the last couple of years.
WDP has a Gross Margin of 85.68%. This is in the better half of the industry: WDP outperforms 66.67% 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
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.
The number of shares outstanding for WDP has been increased compared to 5 years ago.
The debt/assets ratio for WDP has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.48, we must say that WDP is in the distress zone and has some risk of bankruptcy.
WDP has a Altman-Z score of 1.48. This is amongst the best in the industry. WDP outperforms 90.48% 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.
Looking at the Debt to FCF ratio, with a value of 11.15, WDP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
A Debt/Equity ratio of 0.60 indicates that WDP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.60, WDP is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 11.15 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.94
WACC5.21%
2.3 Liquidity
WDP has a Current 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 has a Current ratio (0.46) which is comparable to the rest of the industry.
A Quick Ratio of 0.46 indicates that WDP may have some problems paying its short term obligations.
The Quick ratio of WDP (0.46) is comparable to the rest of the industry.
| 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.
The earnings per share for WDP have been decreasing by -44.78% on average. This is quite bad
Looking at the last year, WDP shows a quite strong growth in Revenue. The Revenue has grown by 12.45% in the last year.
The Revenue has been growing by 15.14% on average over the past years. This is quite good.
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 8.17% on average per year.
EPS Next Y4.41%
EPS Next 2Y4.68%
EPS Next 3Y5.17%
EPS Next 5Y5.55%
Revenue Next Year12.13%
Revenue Next 2Y10.97%
Revenue Next 3Y9.81%
Revenue Next 5Y8.17%
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
With a Price/Earnings ratio of 10.46, the valuation of WDP can be described as very reasonable.
Based on the Price/Earnings ratio, WDP is valued a bit cheaper than the industry average as 73.81% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.73. WDP is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 12.30, which indicates a correct valuation of WDP.
WDP's Price/Forward Earnings ratio is in line with the industry average.
WDP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.46 | ||
| Fwd PE | 12.3 |
4.2 Price Multiples
WDP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WDP is cheaper than 71.43% of the companies in the same industry.
WDP's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. WDP is more expensive than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.73 | ||
| EV/EBITDA | 13.81 |
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 decent profitability rating of WDP may justify a higher PE ratio.
PEG (NY)2.37
PEG (5Y)N/A
EPS Next 2Y4.68%
EPS Next 3Y5.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.98%, WDP has a reasonable but not impressive dividend return.
In the last 3 months the price of WDP has falen by -21.06%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
WDP's Dividend Yield is slightly below the industry average, which is at 7.47.
WDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.98% |
5.2 History
The dividend of WDP is nicely growing with an annual growth rate of 12.69%!
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.
WDP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.63%
EPS Next 2Y4.68%
EPS Next 3Y5.17%
WAREHOUSES DE PAUW SCA
EBR:WDP (12/20/2024, 7:00:00 PM)
19.04
+0.18 (+0.95%)
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 OwnersN/A
Ins Owner ChangeN/A
Market Cap4.29B
Analysts70
Price Target28.13 (47.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.98% |
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)-0.43%
PT rev (3m)-2.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.73%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.46 | ||
| Fwd PE | 12.3 | ||
| P/S | 6.95 | ||
| P/FCF | 16.73 | ||
| P/OCF | 15.13 | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | 13.81 |
EPS(TTM)1.82
EY9.56%
EPS(NY)1.55
Fwd EY8.13%
FCF(TTM)1.14
FCFY5.98%
OCF(TTM)1.26
OCFY6.61%
SpS2.74
BVpS20.47
TBVpS20.46
PEG (NY)2.37
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 | 1.48 |
F-Score6
WACC5.21%
ROIC/WACC0.94
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 Y4.41%
EPS Next 2Y4.68%
EPS Next 3Y5.17%
EPS Next 5Y5.55%
Revenue 1Y (TTM)12.45%
Revenue growth 3Y14.95%
Revenue growth 5Y15.14%
Sales Q2Q%8.05%
Revenue Next Year12.13%
Revenue Next 2Y10.97%
Revenue Next 3Y9.81%
Revenue Next 5Y8.17%
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%