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Wall Financial

TSX:WFC
Snowflake Description

Solid track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WFC
TSX
CA$797M
Market Cap
  1. Home
  2. CA
  3. Real Estate
Company description

Wall Financial Corporation, together with its subsidiaries, operates as a real estate investment and development company in Canada. The last earnings update was 113 days ago. More info.


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  • Wall Financial has significant price volatility in the past 3 months.
WFC Share Price and Events
7 Day Returns
-6.6%
TSX:WFC
-3.9%
CA Real Estate
-0.1%
CA Market
1 Year Returns
-5.6%
TSX:WFC
-11.8%
CA Real Estate
-24.6%
CA Market
WFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wall Financial (WFC) -6.6% -30% -38.2% -5.6% 7.7% 58%
CA Real Estate -3.9% -26% -22.4% -11.8% 1.5% 4.7%
CA Market -0.1% -21.2% -24.7% -24.6% -22.1% -16.5%
1 Year Return vs Industry and Market
  • WFC outperformed the Real Estate industry which returned -11.8% over the past year.
  • WFC outperformed the Market in Canada which returned -24.6% over the past year.
Price Volatility
WFC
Industry
5yr Volatility vs Market

WFC Value

 Is Wall Financial 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 Wall Financial 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 Wall Financial.

TSX:WFC 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 8.9%
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:WFC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.974 (1 + (1- 26.5%) (82.71%))
1.379
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.379 * 5.44%)
8.94%

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

The calculations below outline how an intrinsic value for Wall Financial 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:WFC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.94%)
2020 769.33 Est @ 104.12% 706.18
2021 1,333.35 Est @ 73.31% 1,123.44
2022 2,023.39 Est @ 51.75% 1,564.90
2023 2,765.13 Est @ 36.66% 1,963.02
2024 3,486.62 Est @ 26.09% 2,272.04
2025 4,138.52 Est @ 18.7% 2,475.47
2026 4,698.04 Est @ 13.52% 2,579.48
2027 5,162.95 Est @ 9.9% 2,602.05
2028 5,542.90 Est @ 7.36% 2,564.23
2029 5,852.38 Est @ 5.58% 2,485.16
Present value of next 10 years cash flows CA$20,335.00
TSX:WFC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$5,852.38 × (1 + 1.44%) ÷ (8.94% – 1.44%)
CA$79,127.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$79,127.85 ÷ (1 + 8.94%)10
CA$33,600.95
TSX:WFC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$20,335.00 + CA$33,600.95
CA$53,935.95
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$53,935.95 / 33.95
CA$1588.53
TSX:WFC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1,588.53
Current discount Discount to share price of CA$21.01
= -1 x (CA$21.01 - CA$1,588.53) / CA$1,588.53
98.7%

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

Current Discount
Amount off the current price Wall Financial is available for.
Intrinsic value
>50%
Share price is CA$21.01 vs Future cash flow value of CA$1588.53
Current Discount Checks
For Wall Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wall Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wall Financial's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Wall Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wall Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:WFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in CAD CA$4.62
TSX:WFC Share Price ** TSX (2020-04-03) in CAD CA$21.01
Canada Real Estate Industry PE Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 10.47x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.36x

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

** Primary Listing of Wall Financial.

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

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

= 21.01 ÷ 4.62

4.55x

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

  • Wall Financial is good value based on earnings compared to the CA Real Estate industry average.
  • Wall Financial is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Wall Financial's expected growth come at a high price?
Raw Data
TSX:WFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies 0.58x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.67x

*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 Wall Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wall Financial's assets?
Raw Data
TSX:WFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in CAD CA$5.48
TSX:WFC Share Price * TSX (2020-04-03) in CAD CA$21.01
Canada Real Estate Industry PB Ratio Median Figure of 37 Publicly-Listed Real Estate Companies 0.62x
Canada Market PB Ratio Median Figure of 2,356 Publicly-Listed Companies 0.98x
TSX:WFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 21.01 ÷ 5.48

3.83x

* Primary Listing of Wall Financial.

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

  • Wall Financial is overvalued based on assets compared to the CA Real Estate industry average.
X
Value checks
We assess Wall Financial'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Wall Financial has a total score of 4/6, 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.

WFC Future Performance

 How is Wall Financial 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 Wall Financial 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
21.8%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wall Financial expected to grow at an attractive rate?
  • Unable to compare Wall Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Wall Financial's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Wall Financial's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:WFC Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 21.8%
Canada Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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:WFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:WFC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-10-31 581 383 157
2019-07-31 565 344 154
2019-04-30 678 452 129
2019-01-31 452 152 55
2018-10-31 335 -3 16
2018-07-31 327 -37 15
2018-04-30 205 -153 9
2018-01-31 296 -133 12
2017-10-31 332 -90 14
2017-07-31 340 -57 16
2017-04-30 395 -41 22
2017-01-31 303 1 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Wall Financial is high growth as no earnings estimate data is available.
  • Unable to determine if Wall Financial 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:WFC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Wall Financial Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WFC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-10-31 4.62
2019-07-31 4.54
2019-04-30 3.80
2019-01-31 1.62
2018-10-31 0.46
2018-07-31 0.44
2018-04-30 0.28
2018-01-31 0.37
2017-10-31 0.42
2017-07-31 0.49
2017-04-30 0.66
2017-01-31 0.58

*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 Wall Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Wall Financial is trading at Wall Financial'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. Wall Financial'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 Real Estate companies here
  3. Wall Financial'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 Wall Financial'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 North America 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.
Wall Financial 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.

WFC Past Performance

  How has Wall Financial 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 Wall Financial's growth in the last year to its industry (Real Estate).
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.
  • Wall Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • Wall Financial's 1-year earnings growth exceeds its 5-year average (895.7% vs 54.1%)
  • Wall Financial's earnings growth has exceeded the CA Real Estate industry average in the past year (895.7% vs -22.9%).
Earnings and Revenue History
Wall Financial'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 Wall Financial Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WFC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 580.96 156.75 4.07
2019-07-31 564.86 154.26 3.91
2019-04-30 678.50 129.15 3.90
2019-01-31 452.22 54.98 4.15
2018-10-31 334.98 15.74 4.09
2018-07-31 326.95 15.04 4.09
2018-04-30 205.45 9.49 3.85
2018-01-31 295.71 12.43 3.49
2017-10-31 331.79 13.92 3.66
2017-07-31 339.53 16.45 3.77
2017-04-30 394.76 22.24 3.78
2017-01-31 302.82 19.49 3.73
2016-10-31 318.16 35.22 3.85
2016-07-31 303.83 31.63 4.02
2016-04-30 138.94 23.07 3.91
2016-01-31 133.21 23.22 4.07
2015-10-31 75.89 9.55 4.07
2015-07-31 73.70 8.82 3.56
2015-04-30 70.16 8.56 3.52
2015-01-31 67.77 7.75 3.25
2014-10-31 132.48 13.52 3.94
2014-07-31 211.84 19.57 4.54
2014-04-30 275.38 24.78 5.21
2014-01-31 274.86 25.31 5.11
2013-10-31 207.28 17.42 4.81
2013-07-31 127.27 12.18 4.89
2013-04-30 65.43 7.41 5.20

*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.
  • Whilst Wall Financial made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Wall Financial used its assets more efficiently than the CA Real Estate industry average last year based on Return on Assets.
  • Wall Financial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wall Financial'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 Real Estate 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.
Wall Financial has a total score of 5/6, 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.

WFC Health

 How is Wall Financial'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 Wall Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wall Financial's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Wall Financial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wall Financial'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 not covered by short term assets, assets are 0.2x 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 Wall Financial Company Filings, last reported 5 months ago.

TSX:WFC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 264.37 659.39 63.16
2019-07-31 252.77 670.67 47.42
2019-04-30 288.10 683.96 53.36
2019-01-31 223.08 868.40 37.44
2018-10-31 173.86 918.12 23.61
2018-07-31 204.91 890.96 54.52
2018-04-30 199.73 1,039.07 33.46
2018-01-31 197.08 933.76 67.13
2017-10-31 190.66 879.63 44.69
2017-07-31 186.13 704.99 50.00
2017-04-30 204.90 738.40 53.51
2017-01-31 149.51 673.14 45.65
2016-10-31 155.55 653.87 51.42
2016-07-31 158.73 600.52 37.45
2016-04-30 141.15 649.44 21.54
2016-01-31 139.98 580.93 18.86
2015-10-31 123.30 571.30 16.76
2015-07-31 119.19 530.11 22.81
2015-04-30 115.23 503.36 39.47
2015-01-31 112.18 458.54 41.61
2014-10-31 109.26 410.74 36.91
2014-07-31 105.98 389.44 34.90
2014-04-30 120.29 325.22 12.90
2014-01-31 120.77 309.69 17.78
2013-10-31 127.73 337.01 11.76
2013-07-31 110.75 386.71 13.08
2013-04-30 96.57 432.25 10.47
  • Wall Financial's level of debt (249.4%) 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 (376.3% vs 249.4% today).
  • Debt is well covered by operating cash flow (58%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.2x coverage).
X
Financial health checks
We assess Wall Financial'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. Wall Financial has a total score of 3/6, 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.

WFC Dividends

 What is Wall Financial'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
9.52%
Current annual income from Wall Financial dividends.
If you bought CA$2,000 of Wall Financial shares you are expected to receive CA$190 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?
  • Wall Financial's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.7%).
  • Wall Financial's dividend is above the markets top 25% of dividend payers in Canada (8.68%).
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:WFC 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.4%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

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

TSX:WFC Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-12-12 2.000 6.511
2019-09-12 2.000 7.318
2019-04-18 1.000 4.321
2018-09-13 1.000 4.022
2018-04-20 0.500 1.826
2017-12-13 0.500 1.994
2017-06-21 0.500 2.241
2017-04-25 0.600 3.051
2016-10-25 0.600 3.122
2016-06-24 0.000 0.000
2016-04-21 0.000 0.000
2015-09-15 0.000 0.000
2015-04-27 0.600 4.892
2014-12-12 0.600 4.764
2014-06-03 0.600 5.341
2014-04-24 0.300 2.754
2013-12-10 0.300 2.688
2013-09-12 0.300 2.926
2013-02-22 0.300 2.768
2012-04-18 0.350 3.180
2011-10-04 1.100 8.927
2011-03-11 1.250 7.407
2010-08-26 1.250 9.881
2010-03-11 2.000 19.485
2009-09-15 0.350 4.679

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Wall Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x 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 Wall Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Wall Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wall Financial has a total score of 4/6, see the detailed checks below.


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

WFC Management

 What is the CEO of Wall Financial'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
Bruno Wall
COMPENSATION CA$1,007,000
CEO Bio

Mr. Bruno Wall serves CEO & President at Wall Financial Corporation since 1994 and served its Chief Financial Officer since 1994. Mr. Wall has been a Director of Wall Financial Corporation since July 06, 1994.

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

Peter Ufford

TITLE
Chairman
COMPENSATION
CA$67K

Bruno Wall

TITLE
President
COMPENSATION
CA$1M

Joanne Liu

TITLE
Vice President of Finance
COMPENSATION
CA$300K

Edmund Siqueira

TITLE
Head of Construction
COMPENSATION
CA$250K
TENURE
7 yrs

Peter Wall

TITLE
COMPENSATION
CA$1M

Darcee Wise

TITLE
President of Peter Wall Mansion & Estates
COMPENSATION
CA$250K

Hank Krahn

TITLE
Superintendent
COMPENSATION
CA$175K
Board of Directors Tenure

Average tenure of the Wall Financial board of directors in years:

10.2
Average Tenure
  • The average tenure for the Wall Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter Ufford

TITLE
Chairman
COMPENSATION
CA$67K
TENURE
7 yrs

Bruno Wall

TITLE
President
COMPENSATION
CA$1M
TENURE
25.8 yrs

Rob King

TITLE
Independent Director
COMPENSATION
CA$62K
AGE
52
TENURE
15.1 yrs

Michael Redekop

TITLE
Independent Director
COMPENSATION
CA$57K
TENURE
8.6 yrs

Barton Finlay

TITLE
Independent Director
COMPENSATION
CA$12K
TENURE
11.8 yrs

David Gruber

TITLE
Independent Director
COMPENSATION
CA$32K
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
19. Mar 20 Buy BJW Capital Ltd. Company 19. Mar 20 19. Mar 20 5,000 CA$25.00 CA$125,000
18. Mar 20 Buy BJW Capital Ltd. Company 18. Mar 20 18. Mar 20 4,100 CA$25.00 CA$102,500
17. Mar 20 Buy BJW Capital Ltd. Company 17. Mar 20 17. Mar 20 900 CA$25.00 CA$22,500
01. Aug 19 Sell Michael Redekop Individual 01. Aug 19 01. Aug 19 -400 CA$22.20 CA$-8,880
22. Jul 19 Sell Michael Redekop Individual 17. Jul 19 17. Jul 19 -2,600 CA$22.15 CA$-57,590
13. May 19 Buy David Gruber Individual 13. May 19 13. May 19 150 CA$24.50 CA$3,675
03. May 19 Buy Peter Wall Individual 01. May 19 01. May 19 150,000 CA$17.00 CA$2,550,000
02. May 19 Buy BJW Capital Ltd. Company 01. May 19 01. May 19 200,000 CA$17.00 CA$3,400,000
X
Management checks
We assess Wall Financial'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. Wall Financial 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.

WFC News

Simply Wall St News

The Wall Financial (TSE:WFC) Share Price Is Up 104% And Shareholders Are Boasting About It

See our latest analysis for Wall Financial In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … Over half a decade, Wall Financial managed to grow its earnings per share at 38% a year. … We note that for Wall Financial the TSR over the last 5 years was 143%, which is better than the share price return mentioned above.

Simply Wall St -

If You Like EPS Growth Then Check Out Wall Financial (TSE:WFC) Before It's Too Late

So if you're like me, you might be more interested in profitable, growing companies, like Wall Financial (TSE:WFC). … The good news is that Wall Financial is growing revenues, and EBIT margins improved by 16.5 percentage points to 30%, over the last year. … The good news is that Wall Financial insiders spent a whopping CA$2.6m on stock in just one year, and I didn't see any selling.

Simply Wall St -

We Think Wall Financial (TSE:WFC) Can Stay On Top Of Its Debt

We note that Wall Financial Corporation (TSE:WFC) does have debt on its balance sheet. … TSX:WFC Historical Debt, July 8th 2019 How Strong Is Wall Financial's Balance Sheet? … Since Wall Financial does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

Why Wall Financial Corporation's (TSE:WFC) CEO Pay Matters To You

See our latest analysis for Wall Financial How Does Bruno Wall's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Bruno Wall takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. … It appears that Wall Financial Corporation remunerates its CEO below most similar sized companies.

Simply Wall St -

Is Wall Financial Corporation's (TSE:WFC) CEO Paid At A Competitive Rate?

Bruno Wall is the CEO of Wall Financial Corporation (TSE:WFC). … View our latest analysis for Wall Financial How Does Bruno Wall's Compensation Compare With Similar Sized Companies? … It appears that Wall Financial Corporation remunerates its CEO below most similar sized companies.

Simply Wall St -

Would Wall Financial Corporation (TSE:WFC) Be Valuable To Income Investors?

Could Wall Financial Corporation (TSE:WFC) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. With Wall Financial yielding 4.1% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. It would not be a surprise to discover that many investors buy it for the dividends. Some simple research can reduce the risk of buying Wall Financial for its dividend - read on to learn more. Click the interactive chart for our full dividend analysis TSX:WFC Historical Dividend Yield, June 13th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. Wall Financial paid out 62% of its profit as dividends, over the trailing twelve month period. This is a healthy payout ratio, and while it does limit the amount of earnings that can be reinvested in the business, there is also some room to lift the payout ratio over time. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. Wall Financial's cash payout ratio last year was 23%. Cash flows are typically lumpy, but this looks like an appropriately conservative payout. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Is Wall Financial's Balance Sheet Risky? As Wall Financial has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Wall Financial has grown its earnings per share at 16% per annum over the past five years. … Conclusion To summarise, shareholders should always check that Wall Financial'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 -

The Wall Financial (TSE:WFC) Share Price Has Gained 97% And Shareholders Are Hoping For More

It might be of some concern to shareholders to see the Wall Financial Corporation (TSE:WFC) share price down 12% in the last month. … Over half a decade, Wall Financial managed to grow its earnings per share at 16% a year. … We note that for Wall Financial the TSR over the last 5 years was 129%, which is better than the share price return mentioned above.

Simply Wall St -

Why Wall Financial Corporation (TSE:WFC) Could Have A Place In Your Portfolio

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … For those interested in digger a bit deeper into my commentary, take a look at the report on Wall Financial here. … TSX:WFC Income Statement, May 16th 2019 Next Steps: For Wall Financial, there are three important factors you should further examine: Future Outlook: What are well-informed industry analysts predicting for WFC’s future growth?

Simply Wall St -

Boasting A 29% Return On Equity, Is Wall Financial Corporation (TSE:WFC) A Top Quality Stock?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Wall Financial Corporation (TSE:WFC). … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.29 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Have Insiders Been Selling Wall Financial Corporation (TSE:WFC) Shares?

The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. … So we'll take a look at whether insiders have been buying or selling shares in Wall Financial Corporation (TSE:WFC). … Wall Financial Insider Transactions Over The Last Year

Simply Wall St -

WFC Company Info

Description

Wall Financial Corporation, together with its subsidiaries, operates as a real estate investment and development company in Canada. It operates through three segments: Rental, Hotel, and Development. The company engages in the development, acquisition, and management of residential and commercial income producing properties; development and sale of single and multi-family housing; and development and management of hotel properties. It owns and manages 1,400 residential and commercial rental units and 10 commercial units in 13 properties in Metro Vancouver; and 934 hotel units. Wall Financial Corporation was founded in 1969 and is headquartered in Vancouver, Canada.

Details
Name: Wall Financial Corporation
WFC
Exchange: TSX
Founded: 1969
CA$797,225,010
33,953,365
Website: http://www.wallfinancialcorp.ca
Address: Wall Financial Corporation
1010 Burrard Street,
Vancouver,
British Columbia, V6Z 2R9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WFC Common Shares The Toronto Stock Exchange CA CAD 28. Jan 1976
OTCPK WFIC.F Common Shares Pink Sheets LLC US USD 28. Jan 1976
Number of employees
Current staff
Staff numbers
576
Wall Financial employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 23:47
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/12/12
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/01/31


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.