Warehouses De Pauw (WDP.BR) stock analysis

In our weekly check, Warehouses De Pauw is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 6, red flags: 4.

About Warehouses De Pauw

Warehouses De Pauw is a Real Estate company (REIT - Industrial) based in Belgium, listed on BRU as WDP.BR.

What our checks show for WDP.BR

Red flags

• Net debt is 8x a year of EBITDA (debt/equity 0.75). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 284 points over 5 years, to 68.4%: the company keeps less of each sale as profit.
• The gross margin fell by 9 points, to 81.3%: costs are rising faster than prices.
• Return on capital (ROCE) is only 4.9%.

Warning signs

• Analysts expect only about 1% a year of growth in revenue.
• Earnings per share fell 3.7% a year over the last 3 years.
• The stock has fallen as much as 57% from a peak. Would you have held through that?
• The stock is still below its previous peak.
• The share count grew by 11.4% in 2 years: each shareholder owns a smaller slice.
• Thinly traded (about 497 thousand shares a day): buying and selling can move the price.

Strengths

• Analysts expect the net margin to improve by 8.9 points from today's 68.4%.
• Revenue grew 20% a year over the last 3 years.
• The company keeps 68.4% of its revenue as net profit.
• Free cash flow is 59.8% of revenue: cash for dividends, buybacks or growth.
• The dividend takes 44% of profit: there is a cushion.
• Pay in shares is only 0% of free cash flow.

Next earnings report: 2027-01-29

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Questions

What grade does Warehouses De Pauw (WDP.BR) have?

In our weekly check, Warehouses De Pauw is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 6, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of WDP.BR stock?

This week's biggest flags for Warehouses De Pauw: High debt, Margins falling, Gross margin falling. In total 10 of 25 checks show a warning or a red flag.

What does Warehouses De Pauw do?

Warehouses De Pauw is a Real Estate company (REIT - Industrial) based in Belgium, listed on BRU as WDP.BR.

When does Warehouses De Pauw report earnings next?

The next earnings report is expected on 2027-01-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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