ENXTBR:WEB

Stock Analysis Report

Warehouses Estates Belgium

Executive Summary

Warehouses Estates Belgium SCA is a real estate investment trust.

Snowflake

Fundamentals

Undervalued average dividend payer.

Risks

  • Warehouses Estates Belgium is not covered by any analysts.

Share Price & News

How has Warehouses Estates Belgium's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

ENXTBR:WEB

1.3%

BE REITs

-1.1%

BE Market


1 Year Return

5.7%

ENXTBR:WEB

17.7%

BE REITs

-5.2%

BE Market

WEB underperformed the REITs industry which returned 17.7% over the past year.

WEB outperformed the Market in Belgium which returned -5.2% over the past year.


Share holder returns

WEBIndustryMarket
7 Day2.8%1.3%-1.1%
30 Day5.7%1.9%1.4%
90 Day5.7%8.4%4.8%
1 Year12.0%5.7%23.3%17.7%-3.1%-5.2%
3 Year-0.3%-13.1%37.7%20.1%-4.5%-11.3%
5 Year15.4%-7.3%83.0%47.1%22.4%7.6%

Price Volatility Vs. Market

How volatile is Warehouses Estates Belgium's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Warehouses Estates Belgium undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Warehouses Estates Belgium's share price is below the future cash flow value, and at a moderate discount (> 20%).

Warehouses Estates Belgium's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Warehouses Estates Belgium is good value based on earnings compared to the BE REITs industry average.

Warehouses Estates Belgium is good value based on earnings compared to the Belgium market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Warehouses Estates Belgium, we can't assess if its growth is good value.


Price Based on Value of Assets

Warehouses Estates Belgium is good value based on assets compared to the BE REITs industry average.


Next Steps

Future Growth

How is Warehouses Estates Belgium expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-5.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Warehouses Estates Belgium is high growth as no revenue estimate data is available.

Warehouses Estates Belgium's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Warehouses Estates Belgium's revenue growth to the Belgium market average as no estimate data is available.

Warehouses Estates Belgium's earnings are expected to decrease over the next 1-3 years, this is below the Belgium market average.

Warehouses Estates Belgium's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Warehouses Estates Belgium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Warehouses Estates Belgium performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Warehouses Estates Belgium's year on year earnings growth rate has been positive over the past 5 years.

Warehouses Estates Belgium's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Warehouses Estates Belgium's 1-year earnings growth is negative, it can't be compared to the BE REITs industry average.


Return on Equity

Warehouses Estates Belgium has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Warehouses Estates Belgium used its assets more efficiently than the BE REITs industry average last year based on Return on Assets.


Return on Capital Employed

Warehouses Estates Belgium's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Warehouses Estates Belgium's financial position?


Financial Position Analysis

Warehouses Estates Belgium's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Warehouses Estates Belgium's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Warehouses Estates Belgium's level of debt (67.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (47.9% vs 67.5% today).

Debt is not well covered by operating cash flow (16.3%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

What is Warehouses Estates Belgium's current dividend yield, its reliability and sustainability?

6.22%

Current Dividend Yield


Dividend Yield and Payments Analysis

Warehouses Estates Belgium's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.26%).

Warehouses Estates Belgium's dividend is above the markets top 25% of dividend payers in Belgium (4.76%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Warehouses Estates Belgium's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Claude Desseille

5.3yrs

Tenure

Mr. Claude Desseille has been Chief Executive Officer and Executive Director at Warehouses Estates Belgium SCA since May 2014 and May 2012 respectively and served as its Executive Administrator. Mr. Dessei ...


Management Age and Tenure

5.3yrs

Average Tenure

The average tenure for the Warehouses Estates Belgium management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.7yrs

Average Tenure

The tenure for the Warehouses Estates Belgium board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Claude Desseille

    Chief Executive Officer & Executive Director

    • Tenure: 5.3yrs
  • Pierre Higuet

    Head Officer of Accounting

    • Compensation: 2.00k
  • Robert Wagner

    Head of Development & Operation

  • Valerie Wagner

    Head of Marketing & Sales

  • Laurent Vensensius

    Head Officer of the Technical Department

  • Rino Carestia

    Technical and Maintenance Head Officer

  • Caroline Wagner

    Chief Administrative Officer & Executive Director

    • Tenure: 5.3yrs
  • Antoine Tagliavini

    CFO & Risk Manager

    • Tenure: 5.3yrs

Board Members

  • Robert Wagner

    Head of Development & Operation

    • Tenure: 21.2yrs
  • Jacques Peters (62yo)

    Independent Non-Executive Director

    • Tenure: 1.6yrs
  • Jean-Jacques Cloquet

    Independent Non-Executive Director

    • Tenure: 2.6yrs
  • Daniel Weekers

    Vice-Chairman of the Board

  • Claude Desseille

    Chief Executive Officer & Executive Director

    • Tenure: 7.3yrs
  • Caroline Wagner

    Chief Administrative Officer & Executive Director

    • Tenure: 18.7yrs
  • Valerie Wagner

    Head of Marketing & Sales

    • Tenure: 13.2yrs
  • Claude Bolette

    Non-Executive Independent Director

    • Tenure: 8.7yrs
  • Christian Jacqmin

    Chairman of the Board of Directors

Company Information

Warehouses Estates Belgium SCA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Warehouses Estates Belgium SCA
  • Ticker: WEB
  • Exchange: ENXTBR
  • Founded:
  • Industry: diversified reits
  • Sector: real estate
  • Market Cap: €175.732m
  • Shares outstanding: 3.17m
  • Website: Click here

Location

  • Warehouses Estates Belgium SCA
  • 29 Avenue Jean Mermoz
  • Gosselies
  • Hainaut
  • 6041
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WEBENXTBR (Euronext Brussels)YesPersonal SharesBEEUROct 1998
0GIDLSE (London Stock Exchange)YesPersonal SharesGBEUROct 1998

Biography

Warehouses Estates Belgium SCA is a real estate investment trust. Warehouses Estates Belgium SCA is based in Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 20:56
End of Day Share Price2019/08/16 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.