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Wajax

DB:5WJ
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5WJ
DB
CA$303M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The last earnings update was 12 days ago. More info.


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5WJ Share Price and Events
7 Day Returns
1%
DB:5WJ
-0.3%
DE Trade Distributors
0%
DE Market
1 Year Returns
-25.1%
DB:5WJ
8.5%
DE Trade Distributors
9.9%
DE Market
5WJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wajax (5WJ) 1% -5.5% 1.8% -25.1% -37.2% -59.7%
DE Trade Distributors -0.3% 10.2% 15.4% 8.5% -3.8% 2.3%
DE Market 0% 4.5% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 5WJ underperformed the Trade Distributors industry which returned 8.5% over the past year.
  • 5WJ underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
5WJ
Industry
5yr Volatility vs Market

Value

 Is Wajax 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 Wajax 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 Wajax.

DB:5WJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:5WJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.949 (1 + (1- 26.5%) (132.55%))
1.585
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.59
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.585 * 5.96%)
9.67%

Discounted Cash Flow Calculation for DB:5WJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wajax 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.

DB:5WJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.67%)
2020 36.55 Analyst x2 33.33
2021 42.50 Analyst x1 35.33
2022 46.65 Est @ 9.77% 35.36
2023 49.87 Est @ 6.91% 34.47
2024 52.32 Est @ 4.9% 32.97
2025 54.15 Est @ 3.5% 31.11
2026 55.51 Est @ 2.52% 29.08
2027 56.53 Est @ 1.83% 27.00
2028 57.29 Est @ 1.35% 24.95
2029 57.88 Est @ 1.01% 22.98
Present value of next 10 years cash flows CA$306.00
DB:5WJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$57.88 × (1 + 0.23%) ÷ (9.67% – 0.23%)
CA$614.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$614.05 ÷ (1 + 9.67%)10
CA$243.86
DB:5WJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$306.00 + CA$243.86
CA$549.86
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$549.86 / 20.01
CA$27.48
DB:5WJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:5WJ represents 0.68077x of TSX:WJX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.68077x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 27.48 x 0.68077
€18.71
Value per share (EUR) From above. €18.71
Current discount Discount to share price of €10.30
= -1 x (€10.30 - €18.71) / €18.71
44.9%

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

Current Discount
Amount off the current price Wajax is available for.
Intrinsic value
45%
Share price is €10.3 vs Future cash flow value of €18.71
Current Discount Checks
For Wajax to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wajax's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wajax'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 Wajax's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wajax's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5WJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$1.67
TSX:WJX Share Price ** TSX (2019-11-15) in CAD CA$15.13
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 15.38x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 19.43x

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

** Primary Listing of Wajax.

DB:5WJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 15.13 ÷ 1.67

9.05x

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

  • Wajax is good value based on earnings compared to the DE Trade Distributors industry average.
  • Wajax is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Wajax's expected growth come at a high price?
Raw Data
DB:5WJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
1.6%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.62x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.36x

*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 Wajax, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wajax's assets?
Raw Data
DB:5WJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$15.42
TSX:WJX Share Price * TSX (2019-11-15) in CAD CA$15.13
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.84x
DB:5WJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 15.13 ÷ 15.42

0.98x

* Primary Listing of Wajax.

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

  • Wajax is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Wajax'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. Wajax has a total score of 5/6, 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.

Future Performance

 How is Wajax expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

  • No analysts cover Wajax, future earnings growth has been estimated based on fundamentals.
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
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wajax expected to grow at an attractive rate?
  • Wajax's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wajax's earnings growth is positive but not above the Germany market average.
  • Wajax's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:5WJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:5WJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 1.6%
DB:5WJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.5%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:5WJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:5WJ Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 1,607 40 4
2019-12-31 1,553 25 4
2019-11-16
DB:5WJ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,539 1 33
2019-06-30 1,541 0 35
2019-03-31 1,514 -31 34
2018-12-31 1,482 -3 36
2018-09-30 1,467 -22 34
2018-06-30 1,398 -17 34
2018-03-31 1,342 -2 30
2017-12-31 1,319 7 27
2017-09-30 1,257 27 32
2017-06-30 1,246 50 31
2017-03-31 1,256 61 27
2016-12-31 1,222 58 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wajax's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • Wajax's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
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
DB:5WJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Wajax Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5WJ Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-16
DB:5WJ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 1.67
2019-06-30 1.76
2019-03-31 1.74
2018-12-31 1.82
2018-09-30 1.75
2018-06-30 1.74
2018-03-31 1.55
2017-12-31 1.40
2017-09-30 1.61
2017-06-30 1.54
2017-03-31 1.36
2016-12-31 0.55

*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 Wajax will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wajax'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Wajax has a total score of 1/6, 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.

Past Performance

  How has Wajax 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 Wajax'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.
  • Wajax's year on year earnings growth rate has been positive over the past 5 years.
  • Wajax's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wajax's 1-year earnings growth is negative, it can't be compared to the DE Trade Distributors industry average.
Earnings and Revenue History
Wajax'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 Wajax Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5WJ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,538.87 33.42 214.03
2019-06-30 1,540.84 35.00 218.86
2019-03-31 1,513.71 34.46 214.73
2018-12-31 1,481.60 35.85 207.88
2018-09-30 1,467.32 34.35 204.93
2018-06-30 1,398.10 33.95 198.15
2018-03-31 1,341.76 30.34 196.45
2017-12-31 1,318.73 27.38 196.05
2017-09-30 1,256.97 31.68 196.40
2017-06-30 1,245.71 30.51 192.53
2017-03-31 1,256.34 27.06 191.21
2016-12-31 1,221.91 11.00 194.39
2016-09-30 1,232.62 -31.16 196.43
2016-06-30 1,236.92 -31.18 200.07
2016-03-31 1,241.08 -26.50 203.00
2015-12-31 1,273.31 -11.02 203.09
2015-09-30 1,334.98 33.44 205.02
2015-06-30 1,403.53 36.98 208.50
2015-03-31 1,437.18 40.30 211.40
2014-12-31 1,451.33 41.23 215.24
2014-09-30 1,456.94 42.26 213.35
2014-06-30 1,435.95 42.73 213.51
2014-03-31 1,423.58 43.94 210.11
2013-12-31 1,428.48 47.69 207.84
2013-09-30 1,401.70 49.67 209.30
2013-06-30 1,419.62 54.29 206.51
2013-03-31 1,444.21 59.25 208.30
2012-12-31 1,466.01 65.94 207.67

*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.
  • Wajax has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wajax used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Wajax has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wajax'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.
Wajax has a total score of 3/6, 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.

Health

 How is Wajax'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 Wajax's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wajax is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wajax's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wajax'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 2.4x 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 Wajax Company Filings, last reported 1 month ago.

DB:5WJ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 308.54 287.83
2019-06-30 305.12 270.31 4.58
2019-03-31 298.57 278.22 5.80
2018-12-31 296.97 222.05
2018-09-30 312.42 186.23
2018-06-30 300.44 179.92
2018-03-31 292.01 161.18
2017-12-31 274.67 145.39
2017-09-30 279.58 145.41
2017-06-30 274.38 133.59
2017-03-31 276.61 125.79
2016-12-31 276.82 121.95 4.85
2016-09-30 272.93 138.76 0.37
2016-06-30 270.22 151.94 3.59
2016-03-31 272.38 151.76 4.48
2015-12-31 288.50 151.58 13.61
2015-09-30 325.72 156.93
2015-06-30 322.75 159.24 3.00
2015-03-31 246.74 240.26
2014-12-31 248.52 188.62
2014-09-30 247.94 212.87
2014-06-30 246.12 205.90
2014-03-31 244.10 205.07
2013-12-31 247.19 195.91 4.15
2013-09-30 243.19 212.33
2013-06-30 241.69 209.76
2013-03-31 239.13 207.58
2012-12-31 241.89 161.90
  • Wajax's level of debt (93.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (85.7% vs 93.3% today).
  • Debt is not well covered by operating cash flow (0.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Wajax'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. Wajax 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.

Dividends

 What is Wajax'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
6.61%
Current annual income from Wajax dividends. Estimated to be 6.61% next year.
If you bought €2,000 of Wajax shares you are expected to receive €132 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?
  • Wajax's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Wajax's dividend is above the markets top 25% of dividend payers in Germany (3.66%).
Upcoming dividend payment

Purchase Wajax before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:5WJ 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 4 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:5WJ Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 1.00 1.00
2019-12-31 1.00 1.00
2019-11-16
DB:5WJ Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-11-04 1.000 6.715
2019-05-06 1.000 6.385
2019-03-21 1.000 6.122
2018-11-06 1.000 5.373
2018-08-09 1.000 3.913
2018-05-07 1.000 3.957
2017-11-07 1.000 4.229
2017-08-11 1.000 4.843
2017-05-02 1.000 4.331
2017-03-07 1.000 4.334
2016-11-01 1.000 4.305
2016-05-03 1.000 6.620
2016-03-01 1.000 5.750
2015-11-03 1.000 6.233
2015-03-03 1.000 4.369
2014-11-04 2.400 8.309
2014-08-06 2.400 6.501
2014-05-06 2.400 6.885
2014-03-04 2.400 6.511
2013-08-09 2.400 6.581
2013-03-05 3.240 9.348
2012-11-06 3.240 7.584
2012-08-10 3.240 7.204
2012-05-08 3.240 6.627
2012-03-06 3.240 6.671
2011-11-02 2.400 6.029
2011-08-03 2.400 6.991
2011-05-10 2.160 5.742
2011-01-04 1.800 4.673
2010-12-15 1.800 4.800
2010-11-04 1.800 4.935
2010-08-06 1.800 6.151
2010-07-05 1.800 7.396
2010-05-07 1.800 7.610
2010-02-26 1.800 6.962
2009-12-15 1.800 7.929
2009-11-04 1.800 9.193
2009-08-05 1.800 10.295
2009-05-06 2.400 15.091
2009-02-27 2.400 17.464
2008-12-16 4.320 23.299

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 Wajax'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 Wajax's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Wajax afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wajax has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Wajax'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
A. Foote
COMPENSATION CA$3,102,239
AGE 58
TENURE AS CEO 7.7 years
CEO Bio

Mr. A. Mark Foote has been the Chief Executive Officer and President of Wajax Corporation since March 05, 2012. Mr. Foote served as President and Chief Executive Officer (Canada) of Zellers Inc. since August 2008. He served as President and Chief Merchandising Officer (Canada) of Loblaw Companies Limited from September 20, 2006 to April 2008 and served as its Executive Vice-President of General Merchandise since May 2006 and was responsible for all procurement and merchandising activities in the general merchandise business. He spent the previous 27 years in increasingly senior roles within a major national retailer. He spent more than 20 years at retailer Canadian Tire. He served as President of Canadian Tire Retail of Canadian Tire Corp. Ltd since 2001. Mr. Foote has been a Director at Wajax Corporation since March 06, 2012 He holds a Masters of Business Administration from the University of Toronto.

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

Average tenure of the Wajax management team in years:

1.7
Average Tenure
  • The average tenure for the Wajax management team is less than 2 years, this suggests a new team.
Management Team

A. Foote

TITLE
President
COMPENSATION
CA$3M
AGE
58
TENURE
7.7 yrs

Stuart Auld

TITLE
Chief Financial Officer
COMPENSATION
CA$866K
TENURE
0.5 yrs

Steve Deck

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
TENURE
0.2 yrs

Andrew Tam

TITLE
General Counsel & Corporate Secretary
TENURE
8.8 yrs

Irene Stretton

TITLE
Vice President of Human Resources
TENURE
0.5 yrs

Trevor Carson

TITLE
VP of Financial Planning & Risk Management & Treasurer
TENURE
2.8 yrs

Tania Casadinho

TITLE
VP of Corporate & Controller
Board of Directors Tenure

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

7.7
Average Tenure
62
Average Age
  • The tenure for the Wajax board of directors is about average.
Board of Directors

Rob Dexter

TITLE
Chairman of the Board
COMPENSATION
CA$225K
AGE
67
TENURE
2.5 yrs

A. Foote

TITLE
President
COMPENSATION
CA$3M
AGE
58
TENURE
7.7 yrs

John Eby

TITLE
Independent Director
COMPENSATION
CA$124K
AGE
67
TENURE
13.3 yrs

Doug Carty

TITLE
Independent Director
COMPENSATION
CA$136K
AGE
62
TENURE
10.8 yrs

Sylvia Chrominska

TITLE
Independent Director
COMPENSATION
CA$128K
AGE
68
TENURE
4.5 yrs

Ed Barrett

TITLE
Independent Director
COMPENSATION
CA$117K
AGE
65
TENURE
13.7 yrs

Sandy Taylor

TITLE
Independent Director
COMPENSATION
CA$119K
AGE
61
TENURE
10.8 yrs

Tom Alford

TITLE
Independent Director
COMPENSATION
CA$119K
AGE
61
TENURE
4.9 yrs

Anne Bélec

TITLE
Independent Director
COMPENSATION
CA$18K
AGE
56
TENURE
1 yrs

H. MacNeill

TITLE
Honorary Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Wajax individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Nov 19 Buy Thomas Alford Individual 06. Nov 19 06. Nov 19 5,000 €10.28 €51,349
13. Aug 19 Buy Donna Baratto Individual 13. Aug 19 13. Aug 19 800 €10.32 €8,259
12. Aug 19 Buy Alexander Taylor Individual 12. Aug 19 12. Aug 19 6,000 €10.63 €63,568
12. Aug 19 Buy Thomas Alford Individual 12. Aug 19 12. Aug 19 5,000 €10.40 €51,858
27. Jun 19 Buy Robert Dexter Individual 27. Jun 19 27. Jun 19 5,000 €10.19 €50,943
06. Jun 19 Buy Robert Dexter Individual 06. Jun 19 06. Jun 19 5,000 €10.00 €49,997
04. Jun 19 Buy Steven Deck Individual 04. Jun 19 04. Jun 19 2,057 €10.21 €20,995
02. Apr 19 Buy Andrew Tam Individual 28. Mar 19 28. Mar 19 1,000 €11.00 €10,998
28. Mar 19 Buy A. Foote Individual 25. Mar 19 25. Mar 19 10,000 €10.75 €107,452
28. Mar 19 Buy Thomas Alford Individual 25. Mar 19 25. Mar 19 5,000 €10.83 €54,157
28. Mar 19 Buy Robert Dexter Individual 26. Mar 19 26. Mar 19 10,000 €10.87 €108,743
X
Management checks
We assess Wajax'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. Wajax 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.

News

Simply Wall St News

Company Info

Description

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment. It also offers industrial products, power generation solutions, and on and off highway power products. Further, the company provides maintenance, repair, rebuild, field, and product support services; and used equipment, such as forklifts, excavators, telehandlers, wheel loaders, and others. The company was formerly known as Wajax Income Fund and changed its name to Wajax Corporation in January 2011. Wajax Corporation was founded in 1858 and is based in Mississauga, Canada.

Details
Name: Wajax Corporation
5WJ
Exchange: DB
Founded: 1858
CA$207,198,830
20,011,590
Website: http://www.wajax.com
Address: Wajax Corporation
2250 Argentia Road,
Mississauga,
Ontario, L5N 6A5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WJX Common Shares The Toronto Stock Exchange CA CAD 09. May 1996
OTCPK WJXF.F Common Shares Pink Sheets LLC US USD 09. May 1996
DB 5WJ Common Shares Deutsche Boerse AG DE EUR 09. May 1996
Number of employees
Current staff
Staff numbers
2,800
Wajax employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 21:22
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.