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Goodfellow

TSX:GDL
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GDL
TSX
CA$41M
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

Goodfellow Inc. engages in the wholesale distribution of lumber products, building materials, and hardwood flooring products to the retail trade, industrial, and manufacturing sectors in Canada and the United States. The last earnings update was 62 days ago. More info.


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GDL Share Price and Events
7 Day Returns
-0.2%
TSX:GDL
-2.3%
CA Trade Distributors
-1.3%
CA Market
1 Year Returns
-15.3%
TSX:GDL
4.3%
CA Trade Distributors
7.7%
CA Market
GDL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goodfellow (GDL) -0.2% -5.9% 6.7% -15.3% -47.1% -49%
CA Trade Distributors -2.3% -0.5% 5.7% 4.3% 3.9% 25.1%
CA Market -1.3% 0.7% 1% 7.7% 5.1% 18%
1 Year Return vs Industry and Market
  • GDL underperformed the Trade Distributors industry which returned 4.3% over the past year.
  • GDL underperformed the Market in Canada which returned 7.7% over the past year.
Price Volatility
GDL
Industry
5yr Volatility vs Market

GDL Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Goodfellow to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Goodfellow.

TSX:GDL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:GDL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 26.5%) (138.39%))
1.595
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.6
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.595 * 5.44%)
10.12%

Discounted Cash Flow Calculation for TSX:GDL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Goodfellow is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:GDL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.12%)
2020 5.80 Est @ -46.75% 5.26
2021 3.92 Est @ -32.29% 3.24
2022 3.05 Est @ -22.17% 2.29
2023 2.59 Est @ -15.09% 1.76
2024 2.33 Est @ -10.13% 1.44
2025 2.18 Est @ -6.66% 1.22
2026 2.08 Est @ -4.23% 1.06
2027 2.03 Est @ -2.53% 0.94
2028 2.00 Est @ -1.34% 0.84
2029 1.99 Est @ -0.5% 0.76
Present value of next 10 years cash flows CA$18.00
TSX:GDL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$1.99 × (1 + 1.44%) ÷ (10.12% – 1.44%)
CA$23.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$23.30 ÷ (1 + 10.12%)10
CA$8.89
TSX:GDL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$18.00 + CA$8.89
CA$26.89
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$26.89 / 8.51
CA$3.16
TSX:GDL Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$3.16
Current discount Discount to share price of CA$4.80
= -1 x (CA$4.80 - CA$3.16) / CA$3.16
-51.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Goodfellow is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Goodfellow's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goodfellow's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:GDL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in CAD CA$0.35
TSX:GDL Share Price ** TSX (2019-12-05) in CAD CA$4.8
Canada Trade Distributors Industry PE Ratio Median Figure of 13 Publicly-Listed Trade Distributors Companies 14.42x
Canada Market PE Ratio Median Figure of 513 Publicly-Listed Companies 15.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Goodfellow.

TSX:GDL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GDL Share Price ÷ EPS (both in CAD)

= 4.8 ÷ 0.35

13.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Goodfellow is good value based on earnings compared to the CA Trade Distributors industry average.
  • Goodfellow is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Goodfellow's expected growth come at a high price?
Raw Data
TSX:GDL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Trade Distributors Industry PEG Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 1.07x
Canada Market PEG Ratio Median Figure of 236 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Goodfellow, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Goodfellow's assets?
Raw Data
TSX:GDL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in CAD CA$13.45
TSX:GDL Share Price * TSX (2019-12-05) in CAD CA$4.8
Canada Trade Distributors Industry PB Ratio Median Figure of 18 Publicly-Listed Trade Distributors Companies 0.89x
Canada Market PB Ratio Median Figure of 2,315 Publicly-Listed Companies 1.28x
TSX:GDL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GDL Share Price ÷ Book Value per Share (both in CAD)

= 4.8 ÷ 13.45

0.36x

* Primary Listing of Goodfellow.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Goodfellow is good value based on assets compared to the CA Trade Distributors industry average.
X
Value checks
We assess Goodfellow's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Goodfellow has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GDL Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Goodfellow has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.9%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Goodfellow expected to grow at an attractive rate?
  • Unable to compare Goodfellow's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Goodfellow's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Goodfellow's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:GDL Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.9%
Canada Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:GDL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:GDL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-08-31 455 13 3
2019-05-31 457 18 2
2019-02-28 467 11 2
2018-11-30 475 12 3
2018-08-31 490 7 5
2018-05-31 501 0 4
2018-02-28 507 18 2
2017-11-30 524 40 -2
2017-08-31 527 35 -15
2017-05-31 543 22 -20
2017-02-28 570 11 -17
2016-11-30 565 -34 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Goodfellow is high growth as no earnings estimate data is available.
  • Unable to determine if Goodfellow is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:GDL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Goodfellow Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GDL Past Financials Data
Date (Data in CAD Millions) EPS *
2019-08-31 0.35
2019-05-31 0.29
2019-02-28 0.29
2018-11-30 0.30
2018-08-31 0.54
2018-05-31 0.50
2018-02-28 0.22
2017-11-30 -0.25
2017-08-31 -1.82
2017-05-31 -2.31
2017-02-28 -1.95
2016-11-30 -1.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Goodfellow will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Goodfellow is trading at Goodfellow'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Goodfellow's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Goodfellow's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Goodfellow's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Goodfellow has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GDL Past Performance

  How has Goodfellow performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Goodfellow's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Goodfellow's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Goodfellow's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Goodfellow's 1-year earnings growth is negative, it can't be compared to the CA Trade Distributors industry average.
Earnings and Revenue History
Goodfellow's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Goodfellow Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GDL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 455.20 2.97 78.06
2019-05-31 457.06 2.50 79.29
2019-02-28 466.68 2.45 80.13
2018-11-30 475.21 2.57 81.16
2018-08-31 490.02 4.59 81.51
2018-05-31 500.54 4.23 81.42
2018-02-28 506.85 1.88 80.04
2017-11-30 523.66 -2.09 81.69
2017-08-31 526.85 -15.49 86.12
2017-05-31 543.02 -19.61 89.60
2017-02-28 570.00 -16.60 93.69
2016-11-30 565.17 -12.11 93.94
2016-08-31 569.58 1.08 90.96
2016-05-31 562.19 7.30 90.26
2016-02-29 549.54 8.07 89.87
2015-11-30 538.98 8.62 88.56
2015-08-31 516.61 7.66 86.25
2015-05-31 511.15 7.59 84.08
2015-02-28 471.87 5.24 80.62
2014-11-30 488.47 6.50 80.60
2014-08-31 486.05 6.63 80.27
2014-05-31 477.57 5.95 79.96
2014-02-28 481.73 6.35 80.18
2013-11-30 481.80 5.71 80.19
2013-08-31 483.49 5.28 80.68
2013-05-31 497.96 4.82 81.36
2013-02-28 501.00 3.92 81.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Goodfellow has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Goodfellow used its assets less efficiently than the CA Trade Distributors industry average last year based on Return on Assets.
  • Goodfellow has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Goodfellow's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Goodfellow has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GDL Health

 How is Goodfellow's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Goodfellow's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Goodfellow is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Goodfellow's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Goodfellow's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Goodfellow Company Filings, last reported 3 months ago.

TSX:GDL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 114.44 56.63 1.55
2019-05-31 111.97 68.05 2.94
2019-02-28 110.46 56.16 2.16
2018-11-30 112.86 42.89 2.58
2018-08-31 111.81 68.30 2.23
2018-05-31 109.82 83.47 1.55
2018-02-28 108.00 65.55 1.55
2017-11-30 109.43 52.50 1.62
2017-08-31 106.38 73.94 1.12
2017-05-31 104.75 86.78 1.84
2017-02-28 105.29 86.39 0.94
2016-11-30 110.69 94.38 0.70
2016-08-31 124.62 108.28 1.33
2016-05-31 128.39 102.48 1.40
2016-02-29 127.19 90.59 1.98
2015-11-30 128.10 46.89 0.97
2015-08-31 124.83 59.52 1.28
2015-05-31 122.38 66.31 0.49
2015-02-28 119.13 75.27 0.78
2014-11-30 119.49 44.02 0.86
2014-08-31 120.37 61.37 0.43
2014-05-31 118.40 77.31 0.39
2014-02-28 116.33 45.10 0.23
2013-11-30 116.60 30.79 0.32
2013-08-31 117.14 34.32 0.20
2013-05-31 117.05 76.15 0.28
2013-02-28 114.57 45.50 0.57
  • Goodfellow's level of debt (49.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (50.8% vs 49.4% today).
  • Debt is well covered by operating cash flow (22.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Goodfellow's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Goodfellow has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GDL Dividends

 What is Goodfellow's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.17%
Current annual income from Goodfellow dividends.
If you bought CA$2,000 of Goodfellow shares you are expected to receive CA$83 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Goodfellow's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.03%).
  • Goodfellow's dividend is below the markets top 25% of dividend payers in Canada (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:GDL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:GDL Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-11-08 0.200 4.048
2019-02-14 0.200 3.643
2018-10-04 0.000 0.000
2018-07-05 0.000 0.000
2018-04-13 0.000 0.000
2018-02-16 0.000 0.000
2017-10-13 0.000 0.000
2017-10-05 0.000 0.000
2017-07-17 0.000 0.000
2017-07-04 0.000 0.000
2017-02-28 0.300 3.864
2016-02-16 0.500 4.854
2015-10-15 0.350 3.583
2015-07-08 0.400 4.372
2015-02-11 0.500 5.137
2014-10-09 0.500 5.320
2014-07-10 0.400 4.217
2013-11-06 0.400 4.239
2013-07-11 0.400 4.388
2012-11-07 0.300 3.476
2012-07-12 0.200 2.488
2011-11-09 0.200 2.458
2011-07-12 0.200 2.185
2010-11-04 0.600 5.038
2010-04-13 0.600 5.255
2009-11-10 0.450 4.121
2009-07-16 0.400 4.741

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Goodfellow's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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.
X
Income/ dividend checks
We assess Goodfellow's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Goodfellow afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Goodfellow has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GDL Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrick Goodfellow
COMPENSATION CA$356,596
TENURE AS CEO 2.9 years
CEO Bio

Mr. Patrick Goodfellow has been Chief Executive Officer and President at Goodfellow Inc. since January 18, 2017. Mr. Goodfellow served as Vice President of Hardwood at Goodfellow Inc. from 2006 to January 17, 2017.

CEO Compensation
  • Patrick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patrick's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Goodfellow management team in years:

2.9
Average Tenure
  • The tenure for the Goodfellow management team is about average.
Management Team

Patrick Goodfellow

TITLE
President & CEO
COMPENSATION
CA$357K
TENURE
2.9 yrs

G. Goodfellow

TITLE
Vice Chairman & Secretary
TENURE
11.7 yrs

Charles Brisebois

TITLE
Chief Financial Officer
COMPENSATION
CA$148K
TENURE
2.3 yrs

Mary Lohmus

TITLE
Executive Vice President of Ontario & Western Canada
COMPENSATION
CA$263K
Board of Directors Tenure

Average tenure and age of the Goodfellow board of directors in years:

8
Average Tenure
78
Average Age
  • The tenure for the Goodfellow board of directors is about average.
Board of Directors

Claude Garcia

TITLE
Independent Chairman of the Board
COMPENSATION
CA$64K
AGE
78
TENURE
7.1 yrs

G. Goodfellow

TITLE
Vice Chairman & Secretary

Normand Morin

TITLE
Independent Director
COMPENSATION
CA$42K
AGE
77
TENURE
8 yrs

David Goodfellow

TITLE
Non-Independent Director
COMPENSATION
CA$26K
TENURE
26.2 yrs

Stephen Jarislowsky

TITLE
Independent Director
COMPENSATION
CA$41K
AGE
94
TENURE
46.6 yrs

Alain Côté

TITLE
Independent Director
COMPENSATION
CA$34K
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Goodfellow's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Goodfellow has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GDL News

Simply Wall St News

Here's What We Think About Goodfellow Inc.'s (TSE:GDL) CEO Pay

We looked at a group of companies with market capitalizations under CA$265m, and the median CEO total compensation was CA$133k. … pays Patrick Goodfellow more than the median CEO remuneration at companies of a similar size, in the same market. … We compared the total CEO remuneration paid by Goodfellow Inc., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Goodfellow (TSE:GDL) Takes On Some Risk With Its Use Of Debt

TSX:GDL Historical Debt, July 29th 2019 A Look At Goodfellow's Liabilities According to the last reported balance sheet, Goodfellow had liabilities of CA$114.0m due within 12 months, and liabilities of CA$5.14m due beyond 12 months. … Happily for any shareholders, Goodfellow actually produced more free cash flow than EBIT over the last two years. … Overall, we think it's fair to say that Goodfellow has enough debt that there are some real risks around the balance sheet.

Simply Wall St -

Do Insiders Own Shares In Goodfellow Inc. (TSE:GDL)?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … Check out our latest analysis for Goodfellow TSX:GDL Ownership Summary, July 3rd 2019 What Does The Institutional Ownership Tell Us About Goodfellow? … We can see that Goodfellow does have institutional investors; and they hold 10% of the stock.

Simply Wall St -

What To Know Before Buying Goodfellow Inc. (TSE:GDL) For Its Dividend

(TSE:GDL) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. In this case, Goodfellow likely looks attractive to investors, given its 3.9% dividend yield and a payment history of over ten years. We'd guess that plenty of investors have purchased it for the income. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … A quick way to check a company's financial situation uses these two ratios: net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments on debt. Essentially we check that a) a company does not have too much debt, and b) that it can afford to pay the interest. … Conclusion To summarise, shareholders should always check that Goodfellow's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

How Do Goodfellow Inc.’s (TSE:GDL) Returns Compare To Its Industry?

Last but not least, we'll look at what impact its current liabilities have on its ROCE. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Goodfellow: 0.057 = CA$6.6m ÷ (CA$209m - CA$93m) (Based on the trailing twelve months to February 2019.) Therefore, Goodfellow has an ROCE of 5.7%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Did Goodfellow Inc.'s (TSE:GDL) Recent Earnings Growth Beat The Trend?

Assessing Goodfellow Inc.'s (TSE:GDL) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Goodfellow is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its trade distributors industry peers. … GDL's trailing twelve-month earnings (from 28 February 2019) of CA$2.5m has.

Simply Wall St -

Those Who Purchased Goodfellow (TSE:GDL) Shares Three Years Ago Have A 44% Loss To Show For It

(TSE:GDL) shareholders should be happy to see the share price up 12% in the last quarter. … Truth be told the share price declined 44% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund. … During the three years that the share price fell, Goodfellow's earnings per share (EPS) dropped by 33% each year.

Simply Wall St -

What You Should Know About Goodfellow Inc.'s (TSE:GDL) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Read This Before Buying Goodfellow Inc. (TSE:GDL) For Its Dividend

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … (TSE:GDL) has paid dividends to shareholders, and these days it yields 3.1%. … View our latest analysis for Goodfellow

Simply Wall St -

Is Goodfellow Inc. (TSE:GDL) Struggling With Its 7.3% Return On Capital Employed?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

GDL Company Info

Description

Goodfellow Inc. engages in the wholesale distribution of lumber products, building materials, and hardwood flooring products to the retail trade, industrial, and manufacturing sectors in Canada and the United States. It is also involved in the remanufacturing and distribution of lumber and wood products. The company’s decking products include accessories, composite, and wood products for outdoor spaces; and flooring products comprise planks and tiles, engineered wood floors, hardwood floors, laminates, sub-floors and accessories, and stone product composite. It also provides insulation and sound-proofing products; lumber products comprising cedar, Douglas fir, engineered wood, glued-laminated timber, hardwood, Hemlock timber, pine, and treated wood products, as well as lumber products for the mining industry; and panels consisting of construction and hardwood plywood panels, medium and high density fiber boards, oriented strand board panels, particleboards, and melamine panels and accessories. In addition, the company offers siding products, including accessories, fiber cement, engineered wood sidings, and wood siding boards; cedar, asphalt, or polymer roofing products; wall concepts, such as laminate and wood planks; and interior materials comprising ceilings, solid surface products, and hardware products. Further, it provides custom timber fabrication, engineering, container and van loading, and export prep and packaging services. The company was formerly known as Goodfellow Lumber Ltd. and changed its name to Goodfellow Inc. in October 1984. Goodfellow Inc. was incorporated in 1972 and is headquartered in Delson, Canada.

Details
Name: Goodfellow Inc.
GDL
Exchange: TSX
Founded: 1972
CA$40,916,524
8,506,554
Website: http://www.goodfellowinc.com
Address: Goodfellow Inc.
225 Goodfellow Street,
Delson,
Quebec, J5B 1V5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GDL Common Shares The Toronto Stock Exchange CA CAD 29. Jan 1990
Number of employees
Current staff
Staff numbers
734
Goodfellow employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 23:35
End of day share price update: 2019/12/05 00:00
Last earnings filing: 2019/10/04
Last earnings reported: 2019/08/31
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.