Warehouses De Pauw SCA (Formerly WDB ( Warehousing & Dist))

Belgium Country flag Belgium
Sector: Industrial & Office REITs
Ticker: WDP
ISIN: BE0974349814
Factsheet Factsheet

Levered/Unlevered Beta of Warehouses De Pauw SCA ( WDP | BEL)

Beta is a statistical measure that compares the volatility of a stock against the volatility of the broader market, which is typically measured by a reference market index. Since the market is the benchmark, the market's beta is always 1. When a stock has a beta greater than 1, it means the stock is expected to increase by more than the market in up markets and decrease more than the market in down markets. Conversely, a stock with a beta lower than 1 is expected to rise less than the market when the market is moving up , but fall less than the market when the market is moving down. Despite being rare, a stock may have a negative beta, which means the stock moves opposite the general market trend.
Warehouses De Pauw SCA shows a Beta of 0.72.
This is lower than 1. The volatility of Warehouses De Pauw SCA according to this measure is lower than the market volatility.

Beta (Ref: BEL 20)
Levered betaUnlevered beta
1-Year0.721.20
2-Year0.901.50
3-Year1.081.80
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Valuation
EV/EBITDA LastEV/EBITDA(e) 2024EV/EBITDA NTM
Warehouses De Pauw SCAFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Industrial & Office REITs17.7717.4116.27
BEL 2011.1511.1210.99
Belgium7.718.016.72
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Stock Perf excl. Dividends (in EUR)
WDPBEL 20Rel. Perf.
Year-to-Date-33.2%13.7%-46.9%
1-Week-2.6%-1.0%-1.6%
1-Month-6.7%1.9%-8.5%
1-Year-33.8%15.4%-49.2%
3-Year-52.8%1.2%-54.1%
5-Year-17.3%5.5%-22.9%
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International Peers - Warehouses De Pauw SCA
Company NameCtryMarket
Cap.
last (mUSD)
Warehouses De Pauw SCABEL4 505
International Peers Median0.76
Cofinimmo SABEL2 130
SEGRO plcGBR11 824
WHA Corporation PCLTHA2 234
Icade SAFRA1 721
Kerry Properties Limite...BMU2 755
GPRV Analysis
Warehouses De Pauw S...
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
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Quotes Chart

1-Year Rebased Stock Chart

  • Warehouses De Pauw SCA
  • BEL 20
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Did you know ?

Beta calculation details
The calculation divides the covariance of the stock return with the market return by the variance of the market return
thus: beta = cov(ri.rm) / var(rm) where
stock return ri = (stock price at time w / stock price at time (w-1))-1
market return rm = (index at time w / index at time (w-1))-1
E(ri) = arithmetic mean of stock returns
E(rm) = arithmetic mean of market returns
covariance cov (ri,rm) = sum [ri-E(ri))*(rm-E(rm))]/count(ri-E(ri))*count(rm-E(rm))
variance var(rm) = sum[(rm-E(rm))^2]/count(rm-E(rm))^2

About Beta

Standard beta is co-called levered, which means that it reflects the capital structure of the company (including the financial risk linked to the debt level). Unlevered beta (or ungeared beta) compares the risk of an unlevered company (i.e. with no debt in the capital structure) to the risk of the market. Unlevered beta is useful when comparing companies with different capital structures as it focuses on the equity risk. Unlevered beta is generally lower than the levered beta. However, unlevered beta could be higher than levered beta when the net debt is negative (meaning that the company has more cash than debt).
Many different betas can be calculated for a given stock. The main common variables that affect beta calculations are the time period, the reference date, the sampling frequency for closing prices and the reference index.
The calculation divides the covariance of the stock return with the market return by the variance of the market return. Beta is used very often for company valuation using the Discounted Cash Flows (DCF) method. The discount rate is calculated using the Weighted Average Cost of Capital (WACC). The WACC is essentially a blend of the cost of equity and the after-tax cost of debt. The cost of equity is usually calculated using the capital asset pricing model (CAPM), which defines the cost of equity as follows: re = rf + β × (rm - rf)
Where:
rf = Risk-free rate
β = Beta (levered)
(rm - rf) = Market risk premium.