Warehouses De Pauw Valuation

Is WPHB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WPHB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WPHB (€21.86) is trading below our estimate of fair value (€32.21)

Significantly Below Fair Value: WPHB is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for WPHB?

Other financial metrics that can be useful for relative valuation.

WPHB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue17.4x
Enterprise Value/EBITDA21.4x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does WPHB's PE Ratio compare to its peers?

The above table shows the PE ratio for WPHB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.7x
ME8U Mapletree Industrial Trust
57.1x23.8%S$6.8b
BBOX Tritax Big Box REIT
23.6x25.4%UK£3.7b
M44U Mapletree Logistics Trust
26.4x12.1%S$6.7b
3283 Nippon Prologis REIT
28x1.8%JP¥692.7b
WPHB Warehouses De Pauw
17.8x14.9%€5.0b

Price-To-Earnings vs Peers: WPHB is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (33.7x).


Price to Earnings Ratio vs Industry

How does WPHB's PE Ratio compare vs other companies in the Global Industrial REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: WPHB is good value based on its Price-To-Earnings Ratio (17.8x) compared to the Global Industrial REITs industry average (21x).


Price to Earnings Ratio vs Fair Ratio

What is WPHB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WPHB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WPHB's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WPHB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.54
€27.69
+28.6%
12.2%€33.00€21.00n/a14
Oct ’25€24.24
€27.91
+15.1%
11.6%€33.00€21.00n/a14
Sep ’25€23.82
€28.31
+18.8%
11.3%€33.00€22.00n/a14
Aug ’25€24.90
€28.45
+14.3%
11.4%€33.00€22.00n/a14
Jul ’25€25.10
€28.69
+14.3%
12.1%€34.00€22.00n/a14
Jun ’25€26.58
€28.64
+7.8%
12.0%€34.00€22.00n/a14
May ’25€24.96
€28.49
+14.2%
12.1%€34.00€22.00n/a13
Apr ’25€26.24
€28.38
+8.1%
12.8%€34.00€22.00n/a13
Mar ’25€24.80
€28.22
+13.8%
13.3%€34.00€21.00n/a13
Feb ’25€26.10
€28.22
+8.1%
13.3%€34.00€21.00n/a13
Jan ’25€28.50
€27.23
-4.5%
14.6%€34.00€20.00n/a13
Dec ’24€25.86
€26.54
+2.6%
13.4%€33.00€20.00n/a12
Nov ’24€23.34
€27.65
+18.5%
12.3%€34.00€21.00n/a13
Oct ’24€23.26
€28.04
+20.5%
14.1%€37.00€21.00€24.2413
Sep ’24€25.58
€28.58
+11.7%
12.2%€37.00€24.00€23.8213
Aug ’24€26.04
€28.92
+11.1%
12.2%€37.00€24.00€24.9013
Jul ’24€24.82
€28.80
+16.0%
15.4%€37.00€23.00€25.1010
Jun ’24€25.98
€28.70
+10.5%
15.4%€37.00€23.00€26.5810
May ’24€26.88
€28.70
+6.8%
15.4%€37.00€23.00€24.9610
Apr ’24€27.00
€28.75
+6.5%
17.8%€38.00€21.50€26.2410
Mar ’24€27.68
€28.55
+3.1%
18.4%€38.00€21.50€24.8010
Feb ’24€28.38
€27.25
-4.0%
19.7%€38.00€21.50€26.1010
Jan ’24€27.04
€27.95
+3.4%
25.4%€44.00€21.50€28.5010
Dec ’23€25.64
€29.23
+14.0%
25.9%€44.00€21.50€25.8611
Nov ’23€26.48
€30.70
+15.9%
24.2%€44.00€22.00€23.3410
Oct ’23€24.86
€33.75
+35.8%
20.8%€44.00€25.00€23.2610

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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