Warehouses De Pauw SA

BATS-CHIXE:WDPB Stock Report

Market Cap: €5.0b

Warehouses De Pauw Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 WDPB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WDPB (€22.28) is trading below our estimate of fair value (€24.27)

Significantly Below Fair Value: WDPB is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

WDPB 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 WDPB's PE Ratio compare to its peers?

The above table shows the PE ratio for WDPB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.5x
BBOX Tritax Big Box REIT
23.6x25.4%UK£3.7b
SHED Urban Logistics REIT
23.2xn/aUK£573.0m
WHR Warehouse REIT
11.1xn/aUK£382.4m
UTG Unite Group
16x16.8%UK£4.4b
WDPB Warehouses De Pauw
17.8x14.9%€5.0b

Price-To-Earnings vs Peers: WDPB is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (18.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: WDPB is good value based on its Price-To-Earnings Ratio (17.8x) compared to the Global Industrial REITs industry average (20.9x).


Price to Earnings Ratio vs Fair Ratio

What is WDPB'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.

WDPB 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 WDPB'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 WDPB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€22.28
€27.69
+24.3%
12.2%€33.00€21.00n/a14
Oct ’25n/a
€27.91
0%
11.6%€33.00€21.00n/a14
Sep ’25€24.04
€28.31
+17.8%
11.3%€33.00€22.00n/a14
Aug ’25n/a
€28.45
0%
11.4%€33.00€22.00n/a14
Jul ’25n/a
€28.69
0%
12.1%€34.00€22.00n/a14
Jun ’25€26.84
€28.64
+6.7%
12.0%€34.00€22.00n/a14
May ’25€24.39
€28.49
+16.8%
12.1%€34.00€22.00n/a13
Apr ’25€25.80
€28.38
+10.0%
12.8%€34.00€22.00n/a13
Mar ’25n/a
€28.22
0%
13.3%€34.00€21.00n/a13
Feb ’25€27.12
€28.22
+4.0%
13.3%€34.00€21.00n/a13
Jan ’25€28.77
€27.23
-5.4%
14.6%€34.00€20.00n/a13
Dec ’24€25.79
€26.54
+2.9%
13.4%€33.00€20.00n/a12
Nov ’24€22.72
€27.65
+21.7%
12.3%€34.00€21.00n/a13
Oct ’24n/a
€28.04
0%
14.1%€37.00€21.00n/a13
Sep ’24n/a
€28.58
0%
12.2%€37.00€24.00€24.0413
Aug ’24n/a
€28.92
0%
12.2%€37.00€24.00n/a13
Jul ’24€25.20
€28.80
+14.3%
15.4%€37.00€23.00n/a10
Jun ’24€26.08
€28.70
+10.0%
15.4%€37.00€23.00€26.8410
May ’24€27.10
€28.70
+5.9%
15.4%€37.00€23.00€24.3910
Apr ’24€27.10
€28.75
+6.1%
17.8%€38.00€21.50€25.8010
Mar ’24€28.68
€28.55
-0.5%
18.4%€38.00€21.50n/a10
Feb ’24€28.98
€27.25
-6.0%
19.7%€38.00€21.50€27.1210
Jan ’24€26.58
€27.95
+5.2%
25.4%€44.00€21.50€28.7710
Dec ’23€25.86
€29.23
+13.0%
25.9%€44.00€21.50€25.7911
Nov ’23€25.72
€30.70
+19.4%
24.2%€44.00€22.00€22.7210
Oct ’23€24.90
€33.75
+35.5%
20.8%€44.00€25.00n/a10

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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