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Chesswood Group

OTCPK:CHWW.F
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHWW.F
OTCPK
CA$64M
Imp Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The last earnings update was 18 days ago. More info.


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CHWW.F Share Price and Events
7 Day Returns
-4.1%
OTCPK:CHWW.F
-0.5%
US Diversified Financial
-2.8%
US Market
1 Year Returns
-65.5%
OTCPK:CHWW.F
-14.1%
US Diversified Financial
-15.9%
US Market
CHWW.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chesswood Group (CHWW.F) -4.1% -58.1% -63.9% -65.5% -73.1% -72.6%
US Diversified Financial -0.5% -18.6% -22% -14.1% 5.5% 21.4%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • CHWW.F underperformed the Diversified Financial industry which returned -14.1% over the past year.
  • CHWW.F underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
CHWW.F
Industry
5yr Volatility vs Market

CHWW.F Value

 Is Chesswood Group 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 Chesswood Group 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 Chesswood Group.

OTCPK:CHWW.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$8.93 * 12%
CA$1.07
Book Value of Equity per Share Median Book Value from the past 5 years. CA$8.93
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:CHWW.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 26.5%) (1128.58%))
0.866
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.866 * 5.44%)
6.45%

Discounted Cash Flow Calculation for OTCPK:CHWW.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Chesswood Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:CHWW.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12% – 6.45%) * CA$8.93)
CA$0.49
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.49 / (6.45% - 1.74%)
CA$10.47
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$8.93 + CA$10.47
CA$19.4
OTCPK:CHWW.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CHWW.F represents 0.78173x of TSX:CHW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.78173x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 19.40 x 0.78173
$15.16
Value per share (USD) From above. $15.16
Current discount Discount to share price of $2.81
= -1 x ($2.81 - $15.16) / $15.16
81.5%

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

Current Discount
Amount off the current price Chesswood Group is available for.
Intrinsic value
>50%
Share price is $2.81 vs Future cash flow value of $15.16
Current Discount Checks
For Chesswood Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chesswood Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chesswood Group'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 Chesswood Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chesswood Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CHWW.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.72
TSX:CHW Share Price ** TSX (2020-03-30) in CAD CA$3.59
United States of America Diversified Financial Industry PE Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 3.76x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

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

** Primary Listing of Chesswood Group.

OTCPK:CHWW.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 3.59 ÷ 0.72

5.01x

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

  • Chesswood Group is overvalued based on earnings compared to the US Diversified Financial industry average.
  • Chesswood Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Chesswood Group's expected growth come at a high price?
Raw Data
OTCPK:CHWW.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Diversified Financial Industry PEG Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies -0.31x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*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 Chesswood Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chesswood Group's assets?
Raw Data
OTCPK:CHWW.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$8.84
TSX:CHW Share Price * TSX (2020-03-30) in CAD CA$3.59
United States of America Diversified Financial Industry PB Ratio Median Figure of 21 Publicly-Listed Diversified Financial Companies 0.48x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
OTCPK:CHWW.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.59 ÷ 8.84

0.41x

* Primary Listing of Chesswood Group.

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

  • Chesswood Group is good value based on assets compared to the US Diversified Financial industry average.
X
Value checks
We assess Chesswood Group'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Chesswood Group 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.

CHWW.F Future Performance

 How is Chesswood Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-29%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Chesswood Group expected to grow at an attractive rate?
  • Chesswood Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Chesswood Group's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Chesswood Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CHWW.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CHWW.F Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -29%
OTCPK:CHWW.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 29.5%
United States of America Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
United States of America Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:CHWW.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CHWW.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 120 1
2020-12-31 125 1
2020-04-05
OTCPK:CHWW.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 60 -109 12
2019-09-30 64 -76 15
2019-06-30 66 -85 18
2019-03-31 65 -106 19
2018-12-31 64 -116 21
2018-09-30 63 -140 29
2018-06-30 59 -150 26
2018-03-31 59 -129 25
2017-12-31 59 -125 24
2017-09-30 58 -90 16
2017-06-30 59 -87 18
2017-03-31 57 -71 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chesswood Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Chesswood Group's revenue is expected to grow significantly at over 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
OTCPK:CHWW.F 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 1 Analyst Estimates (S&P Global) See Below

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

OTCPK:CHWW.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.43 0.43 0.43 1.00
2020-12-31 -0.34 -0.34 -0.34 1.00
2020-04-05
OTCPK:CHWW.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.72
2019-09-30 0.89
2019-06-30 1.07
2019-03-31 1.16
2018-12-31 1.28
2018-09-30 1.76
2018-06-30 1.59
2018-03-31 1.50
2017-12-31 1.43
2017-09-30 0.95
2017-06-30 1.06
2017-03-31 1.07

*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.
  • Chesswood Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Chesswood Group'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Chesswood Group has a total score of 2/6, 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.

CHWW.F Past Performance

  How has Chesswood Group 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 Chesswood Group's growth in the last year to its industry (Diversified Financial).
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.
  • Chesswood Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Chesswood Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chesswood Group's 1-year earnings growth is negative, it can't be compared to the US Diversified Financial industry average.
Earnings and Revenue History
Chesswood Group'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 Chesswood Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CHWW.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 60.10 11.63 19.57
2019-09-30 63.63 14.52 19.28
2019-06-30 65.97 17.52 18.44
2019-03-31 64.91 18.92 17.42
2018-12-31 64.46 21.00 16.50
2018-09-30 63.12 29.05 16.27
2018-06-30 58.83 26.33 15.33
2018-03-31 58.98 24.78 15.06
2017-12-31 58.68 23.67 14.76
2017-09-30 57.71 15.75 14.90
2017-06-30 58.56 17.50 14.89
2017-03-31 57.00 17.48 14.16
2016-12-31 54.66 15.30 13.93
2016-09-30 53.88 13.48 13.23
2016-06-30 50.70 10.59 12.87
2016-03-31 50.05 10.58 12.71
2015-12-31 47.74 10.60 11.67
2015-09-30 38.91 7.31 9.93
2015-06-30 37.76 7.91 9.27
2015-03-31 20.28 6.40 8.01
2014-12-31 32.45 6.99 8.42
2014-09-30 50.57 8.84 9.84
2014-06-30 62.79 8.83 10.18
2014-03-31 89.27 9.63 11.31
2013-12-31 84.29 9.50 11.04
2013-09-30 82.91 10.81 10.66
2013-06-30 79.90 9.66 10.48

*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.
  • Chesswood Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chesswood Group used its assets less efficiently than the US Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Chesswood Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Chesswood Group'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 Diversified Financial 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.
Chesswood Group 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.

CHWW.F Health

 How is Chesswood Group'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 Chesswood Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chesswood Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chesswood Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chesswood Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x 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 Chesswood Group Company Filings, last reported 3 months ago.

OTCPK:CHWW.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 156.68 714.98 11.58
2019-09-30 159.26 663.69 8.17
2019-06-30 158.95 646.27 7.04
2019-03-31 160.55 617.73 3.63
2018-12-31 163.50 601.53 3.68
2018-09-30 161.63 553.19 6.80
2018-06-30 160.37 539.47 3.84
2018-03-31 157.86 478.48 7.78
2017-12-31 161.22 432.29 4.46
2017-09-30 150.89 388.70 10.33
2017-06-30 155.46 365.10 7.65
2017-03-31 158.23 336.28 8.87
2016-12-31 157.89 314.19 14.95
2016-09-30 152.26 296.43 8.75
2016-06-30 149.68 269.37 5.36
2016-03-31 148.02 253.85 8.22
2015-12-31 156.56 275.97 15.23
2015-09-30 146.26 325.40 13.69
2015-06-30 138.93 309.67 13.60
2015-03-31 138.51 276.07 7.76
2014-12-31 79.84 134.69 10.22
2014-09-30 77.21 143.04 20.19
2014-06-30 72.54 125.01 14.17
2014-03-31 73.05 126.00 18.16
2013-12-31 68.16 105.55 22.66
2013-09-30 66.74 79.17 5.21
2013-06-30 66.79 77.09 7.63
  • Chesswood Group's level of debt (456.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (169.3% vs 456.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Chesswood Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Chesswood Group'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. Chesswood Group has a total score of 2/6, 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.

CHWW.F Dividends

 What is Chesswood Group'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
23.4%
Current annual income from Chesswood Group dividends.
If you bought $2,000 of Chesswood Group shares you are expected to receive $468 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?
  • Chesswood Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • Chesswood Group's dividend is above the markets top 25% of dividend payers in United States of America (5.82%).
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
OTCPK:CHWW.F 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 1 Analyst Estimates (S&P Global) See Below
United States of America Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

OTCPK:CHWW.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-05
OTCPK:CHWW.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.840 21.169
2020-02-19 0.840 11.085
2020-01-22 0.840 8.177
2019-12-18 0.840 8.046
2019-11-20 0.840 8.083
2019-10-22 0.840 7.867
2019-09-19 0.840 8.682
2019-08-21 0.840 9.365
2019-07-22 0.840 9.149
2019-06-19 0.840 8.376
2019-05-22 0.840 8.349
2019-04-18 0.840 8.109
2019-03-19 0.840 7.760
2019-02-15 0.840 7.097
2019-01-22 0.840 7.305
2018-12-18 0.840 8.177
2018-11-21 0.840 8.287
2018-10-22 0.840 8.089
2018-09-19 0.840 7.140
2018-08-22 0.840 6.936
2018-07-20 0.840 7.068
2018-06-20 0.840 7.608
2018-05-22 0.840 7.927
2018-04-19 0.840 7.971
2018-03-20 0.840 7.804
2018-02-16 0.840 8.251
2018-01-22 0.840 7.510
2017-12-15 0.840 7.173
2017-11-21 0.840 7.374
2017-09-20 0.840 6.831
2017-08-22 0.840 6.848
2017-07-20 0.840 6.539
2017-06-21 0.840 7.035
2017-05-19 0.840 6.928
2017-04-19 0.840 6.351
2017-02-16 0.840 6.306
2017-01-20 0.840 6.911
2016-12-16 0.840 7.075
2016-11-09 0.840 7.361
2016-10-20 0.780 6.721
2016-09-21 0.780 6.321
2016-08-22 0.780 6.817
2016-07-20 0.780 7.546
2016-06-21 0.780 7.699
2016-05-19 0.780 7.567
2016-04-20 0.780 7.493
2016-03-21 0.780 7.511
2016-02-18 0.780 7.652
2016-01-20 0.780 8.093
2015-12-18 0.780 8.112
2015-11-19 0.780 8.268
2015-10-21 0.780 7.420
2015-09-22 0.780 7.126
2015-08-21 0.780 7.105
2015-07-22 0.780 6.680
2015-06-22 0.780 6.349
2015-05-20 0.780 6.327
2015-04-21 0.780 6.427
2015-03-20 0.780 6.363
2015-02-18 0.780 7.248
2015-01-21 0.780 7.176
2014-12-19 0.780 6.617
2014-11-20 0.780 6.574
2014-10-20 0.780 5.602
2014-09-22 0.780 5.268
2014-08-20 0.780 5.131
2014-07-22 0.780 5.389
2014-06-20 0.780 5.454
2014-05-21 0.780 5.718
2014-04-21 0.780 5.552
2014-03-20 0.780 5.275
2014-02-20 0.780 4.554
2014-01-22 0.780 4.533
2013-12-19 0.780 4.570
2013-11-04 0.780 4.965
2013-10-21 0.720 5.207
2013-09-20 0.720 5.583
2013-08-21 0.720 5.729
2013-07-22 0.720 6.095
2013-06-20 0.720 6.500
2013-05-22 0.720 6.643
2013-04-22 0.720 6.523
2013-03-21 0.720 7.242
2013-02-07 0.720 7.482
2013-01-22 0.660 7.322
2012-12-18 0.660 7.324
2012-10-22 0.660 7.500
2012-09-20 0.660 7.749
2012-08-22 0.660 8.105
2012-07-23 0.660 8.377
2012-06-21 0.660 8.823
2012-05-04 0.660 8.770
2012-04-20 0.600 8.155
2012-03-21 0.600 8.330
2012-02-17 0.600 8.702
2012-01-20 0.600 8.700
2011-12-19 0.600 9.399
2011-11-21 0.600 9.644
2011-10-20 0.600 9.102
2011-09-22 0.600 9.402
2011-08-22 0.600 8.509
2011-07-20 0.600 8.497
2011-06-20 0.600 8.289
2011-05-20 0.600 7.842
2011-04-20 0.600 7.453
2011-03-22 0.600 7.606
2011-01-18 0.600 7.615
2010-12-20 0.540 8.489
2010-11-22 0.540 8.900
2010-10-18 0.540 9.167
2010-09-20 0.480 9.377
2010-08-20 0.480 10.020
2010-07-19 0.480 10.190
2010-06-21 0.390 9.172
2010-05-20 0.380 8.920
2010-04-21 0.370 8.439
2010-03-22 0.360 8.021
2010-02-24 0.350 8.060
2010-01-19 0.340 7.873
2009-12-18 0.360 8.671
2009-11-19 0.360 10.207
2009-10-21 0.360 11.140
2009-09-21 0.360 11.294
2009-08-20 0.360 11.046
2009-07-22 0.360 11.720
2009-06-19 0.300 12.265
2009-05-20 0.300 14.398
2009-04-21 0.300 14.804

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Chesswood Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x 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 Chesswood Group'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 Chesswood Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chesswood Group 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.

CHWW.F Management

 What is the CEO of Chesswood Group'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
Barry Shafran
COMPENSATION CA$1,351,968
CEO Bio

Mr. Barry W. Shafran has been President of cars4U Ltd since July 7, 1999 and has been its Chief Executive Officer since 2002. Mr. Shafran serves as a Director at Rifco Inc. Mr. Shafran has been President and Chief Executive Officer of Chesswood Group Limited since 2002 and serves as its Director since March 19, 2010. Mr. Shafran’s expertise has been in strategic planning, mergers and acquisitions, and the design and implementation of growth strategy. He has a history of successful change management. Mr. Shafran has held the office of President of the Corporation since July 7, 1999, and more recently as President and Chief Executive Officer. From June 1998 to July 1999, Mr. Shafran served as the Director of Business Development and Senior Vice-President of Operations of Crypto Logic Inc., one of Canada’s most profitable public Internet businesses, the common shares of which trade on The Toronto Stock Exchange. He also has extensive experience in change management and raising capital, publicly and privately. Mr. Shafran has held the office of President since July 1999, and as President and Chief Executive Officer since 2004. From 1989 until 1998, Mr. Shafran was President of two national service companies, before serving as Director of Business Development and Senior Vice-President of Operations for CryptoLogic Inc., an internet software provider. Mr. Shafran was President of Modern Building Cleaning Inc. from November 1996 to June 1998, a founding shareholder of Brukar Inc., an importer of custom metal components for the food services industry and served as President of Selena Coffee Ltd. from 1989 to 1994. He has been Director of cars4U Ltd since March 19, 2010. Mr. Shafran has a diverse background that has consistently included the development and execution of growth strategies. A Chartered Accountant, Mr. Shafran also holds a Bachelor of Arts degree in Commerce from the University of Toronto.

CEO Compensation
  • Barry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Barry's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Chesswood Group management team in years:

7.4
Average Tenure
  • The average tenure for the Chesswood Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Barry Shafran

TITLE
President
COMPENSATION
CA$1M

Lisa Stevenson

TITLE
Director of Finance
COMPENSATION
CA$618K
TENURE
18.2 yrs

Mike Sheehan

TITLE
President of Tandem Finance
TENURE
1.1 yrs

Ed Sonshine

TITLE
Advisor to the Board
COMPENSATION
CA$67K
AGE
72
TENURE
7.4 yrs
Board of Directors Tenure

Average tenure of the Chesswood Group board of directors in years:

9.3
Average Tenure
  • The tenure for the Chesswood Group board of directors is about average.
Board of Directors

Fred Steiner

TITLE
Independent Chairman of the Board
COMPENSATION
CA$139K

Barry Shafran

TITLE
President
COMPENSATION
CA$1M
TENURE
10.1 yrs

Clare Copeland

TITLE
Independent Director
COMPENSATION
CA$121K
AGE
83
TENURE
9.3 yrs

Sam Leeper

TITLE
Independent Director
COMPENSATION
CA$122K
TENURE
9.3 yrs

David Obront

TITLE
Independent Director
COMPENSATION
CA$116K
TENURE
9.3 yrs

Ed Sonshine

TITLE
Advisor to the Board
COMPENSATION
CA$67K
AGE
72

Rob Day

TITLE
Independent Director
COMPENSATION
CA$107K
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Sep 19 Buy Marko Gotovac Individual 24. Sep 19 24. Sep 19 5,000 $7.11 $35,408
16. Sep 19 Buy Edward Sonshine Individual 16. Sep 19 16. Sep 19 20,000 $6.79 $135,849
30. Aug 19 Buy Frederick Steiner Individual 30. Aug 19 30. Aug 19 10,000 $6.69 $66,861
14. Aug 19 Buy Gary Souverein Individual 13. Aug 19 13. Aug 19 2,000 $6.62 $13,240
06. Aug 19 Buy Frederick Steiner Individual 02. Aug 19 02. Aug 19 16,000 $7.03 $112,506
23. May 19 Buy Gary Souverein Individual 21. May 19 21. May 19 11,000 $7.59 $83,490
22. May 19 Buy Frederick Steiner Individual 17. May 19 17. May 19 2,000 $7.58 $15,149
X
Management checks
We assess Chesswood Group'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. Chesswood Group 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.

CHWW.F News

Simply Wall St News

CHWW.F Company Info

Description

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. It operates through Equipment Financing - U.S. and Equipment Financing – Canada segments. The Equipment Financing - U.S. segment offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 independent equipment finance broker companies in the lower 48 states of the United States. The Equipment Financing – Canada segment provides commercial equipment financing to small and medium businesses through a network of approximately 50 independent equipment finance broker companies, as well as through equipment vendors in Canada. The company was formerly known as Chesswood Income Fund and changed its name to Chesswood Group Limited in January 2011. Chesswood Group Limited was founded in 1982 and is headquartered in Toronto, Canada.

Details
Name: Chesswood Group Limited
CHWW.F
Exchange: OTCPK
Founded: 1982
CA$45,028,676
CA$41,272,911
17,726,498
Website: http://www.chesswoodgroup.com
Address: Chesswood Group Limited
156 Duncan Mill Road,
Unit 16,
Toronto,
Ontario, M3B 3N2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CHW New Common Shares The Toronto Stock Exchange CA CAD 10. May 2006
OTCPK CHWW.F New Common Shares Pink Sheets LLC US USD 10. May 2006
Number of employees
Current staff
Staff numbers
152
Chesswood Group employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 07:34
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.