Warehouses De Pauw
Market Cap
€4.9b
Last Updated
2019/11/11 20:53 UTC
Data Sources
Company Financials +
Executive Summary
WDP develops and invests in logistics property (warehouses and offices).
Snowflake
Fundamentals
Established dividend payer with proven track record.
Share Price & News
How has Warehouses De Pauw's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WDP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.1%
WDP
0.5%
BE REITs
0.4%
BE Market
1 Year Return
48.6%
WDP
31.9%
BE REITs
9.7%
BE Market
Return vs Industry: WDP exceeded the Belgian REITs industry which returned 31.9% over the past year.
Return vs Market: WDP exceeded the Belgian Market which returned 9.7% over the past year.
Shareholder returns
| WDP | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | 0.5% | 0.4% |
| 30 Day | -1.7% | 2.0% | -4.4% |
| 90 Day | 7.3% | 8.8% | -2.4% |
| 1 Year | 52.2%48.6% | 37.1%31.9% | 12.1%9.7% |
| 3 Year | 124.8%105.7% | 59.7%39.7% | 0.8%-6.1% |
| 5 Year | 240.0%189.3% | 98.2%60.0% | 18.2%4.8% |
Price Volatility Vs. Market
How volatile is Warehouses De Pauw's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
How Does Warehouses De Pauw (EBR:WDP) Fare As A Dividend Stock?3 months ago | Simply Wall St
Boasting A 20% Return On Equity, Is Warehouses De Pauw (EBR:WDP) A Top Quality Stock?4 months ago | Simply Wall St
These Factors Make Warehouses De Pauw (EBR:WDP) An Interesting InvestmentValuation
Is Warehouses De Pauw undervalued compared to its fair value and its price relative to the market?
10.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WDP (€165.2) is trading above our estimate of fair value (€165.13)
Significantly Below Fair Value: WDP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WDP is good value based on its PE Ratio (10.4x) compared to the REITs industry average (15.4x).
PE vs Market: WDP is good value based on its PE Ratio (10.4x) compared to the Belgian market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: WDP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WDP is overvalued based on its PB Ratio (2.8x) compared to the BE REITs industry average (1.4x).
Next Steps
Future Growth
How is Warehouses De Pauw forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-2.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WDP's earnings are forecast to decline over the next 3 years (-2.4% per year).
Earnings vs Market: WDP's earnings are forecast to decline over the next 3 years (-2.4% per year).
High Growth Earnings: WDP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WDP's revenue (9.1% per year) is forecast to grow faster than the Belgian market (3.8% per year).
High Growth Revenue: WDP's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WDP's Return on Equity is forecast to be low in 3 years time (11.6%).
Next Steps
Past Performance
How has Warehouses De Pauw performed over the past 5 years?
32.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WDP has large one-off items impacting its financial results.
Growing Profit Margin: WDP's current net profit margins (162.9%) are higher than last year (121.8%).
Past Earnings Growth Analysis
Earnings Trend: WDP's earnings have grown significantly by 32.1% per year over the past 5 years.
Accelerating Growth: WDP's earnings growth over the past year (50%) exceeds its 5-year average (32.1% per year).
Earnings vs Industry: WDP earnings growth over the past year (50%) exceeded the REITs industry 28.2%.
Return on Equity
High ROE: Whilst WDP's Return on Equity (20.86%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Warehouses De Pauw's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: WDP has a high level of physical assets or inventory.
Debt Coverage by Assets: WDP's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: WDP's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if WDP has a sufficient allowance for bad loans.
Low Risk Liabilities: WDP reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if WDP has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WDP has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if WDP has an appropriate level of bad loans.
Next Steps
Dividend
What is Warehouses De Pauw's current dividend yield, its reliability and sustainability?
2.91%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WDP's dividend (2.91%) is higher than the bottom 25% of dividend payers in the Belgian market (2.12%).
High Dividend: WDP's dividend (2.91%) is low compared to the top 25% of dividend payers in the Belgian market (4.37%).
Stability and Growth of Payments
Stable Dividend: WDP's dividends per share have been stable in the past 10 years.
Growing Dividend: WDP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.4%), WDP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WDP's dividends in 3 years are forecast to be thoroughly covered by earnings (2.8% payout ratio).
Next Steps
Management
What is the CEO of Warehouses De Pauw's salary, the management and board of directors tenure and is there insider trading?
9.8yrs
Average management tenure
CEO
Joost Uwents (50yo)
9.8yrs
Tenure
€683,000
Compensation
Mr. Joost Uwents has been the Chief Executive Officer of Warehouses De Pauw SCA since 2010. and serves as MD & Director of Warehouses De Pauw. Mr. Uwents is responsible for Warehouses' financial policy, ma ...
CEO Compensation Analysis
Compensation vs Market: Joost's total compensation ($USD753.86K) is about average for companies of similar size in the Belgian market ($USD753.86K).
Compensation vs Earnings: Joost's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.8yrs
Average Tenure
Experienced Management: WDP's management team is seasoned and experienced (9.8 years average tenure).
Board Age and Tenure
4.8yrs
Average Tenure
58yo
Average Age
Experienced Board: WDP's board of directors are considered experienced (4.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
Management Team
Joost Uwents (50yo)
Co-CEO & Executive Director
- Tenure: 9.8yrs
- Compensation: €683.00k
Tony De Pauw
Co-CEO & Executive Director
- Tenure: 20.5yrs
- Compensation: €597.45k
Mickaël Van Den Hauwe
CFO & Risk Manager
- Tenure: 0yrs
Michiel Assink
General Manager - Netherlands
- Tenure: 1.8yrs
Joke Cordeels
Investor Relations Officer
- Tenure: 0yrs
Board Members
Frank L. Meysman (67yo)
Non-Executive Director
- Tenure: 13.6yrs
- Compensation: €30.00k
Jürgen Ingels (48yo)
Independent Non-Executive Director
- Tenure: 1.6yrs
- Compensation: €20.00k
Cynthia Van Hulle (63yo)
Independent Non-Executive Director
- Tenure: 4.8yrs
- Compensation: €30.00k
Joost Uwents (50yo)
Co-CEO & Executive Director
- Tenure: 9.8yrs
- Compensation: €683.00k
Tony De Pauw
Co-CEO & Executive Director
- Tenure: 20.5yrs
- Compensation: €597.45k
Rik Vandenberghe (58yo)
Independent Chairman of the Board
- Tenure: 0.6yrs
Anne Leclercq
Independent Non-Executive Director
- Tenure: 4.6yrs
- Compensation: €30.00k
Company Information
Warehouses De Pauw's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Warehouses De Pauw
- Ticker: WDP
- Exchange: ENXTBR
- Founded:
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: €4.855b
- Shares outstanding: 29.39m
- Website: https://www.wdp.eu
Number of Employees
Location
- Warehouses De Pauw
- Blakebergen 15
- Wolvertem
- Liège
- 1861
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WPH | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 1999 |
| WDP | ENXTBR (Euronext Brussels) | Yes | Ordinary Shares | BE | EUR | Jun 1999 |
| 0MU2 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jun 1999 |
| WDPB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jun 1999 |
| WDPS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 1999 |
Biography
WDP develops and invests in logistics property (warehouses and offices). WDP's property portfolio amounts to around 5 million m². This international portfolio of semi-industrial and logistics buildings is ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 20:53 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.