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CanWel Building Materials Group

TSX:CWX
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CWX
TSX
CA$388M
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. The last earnings update was 45 days ago. More info.


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CWX Share Price and Events
7 Day Returns
0.2%
TSX:CWX
-0.3%
CA Trade Distributors
0.6%
CA Market
1 Year Returns
-24.1%
TSX:CWX
-8.4%
CA Trade Distributors
3.6%
CA Market
CWX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CanWel Building Materials Group (CWX) 0.2% -5.1% -1.2% -24.1% 0.6% -7.4%
CA Trade Distributors -0.3% 0.5% 3.3% -8.4% 28% 14.5%
CA Market 0.6% 1.9% 8.1% 3.6% 14.8% 6.7%
1 Year Return vs Industry and Market
  • CWX underperformed the Trade Distributors industry which returned -8.4% over the past year.
  • CWX underperformed the Market in Canada which returned 3.6% over the past year.
Price Volatility
CWX
Industry
5yr Volatility vs Market

Value

 Is CanWel Building Materials 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 CanWel Building Materials 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 CanWel Building Materials Group.

TSX:CWX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

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:CWX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1 (1 + (1- 26.5%) (79.2%))
1.39
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.39 * 5.96%)
10.23%

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

The calculations below outline how an intrinsic value for CanWel Building Materials Group 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.

TSX:CWX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.23%)
2019 -12.61 Est @ 3.36% -11.44
2020 58.00 Analyst x1 47.73
2021 59.70 Est @ 2.93% 44.57
2022 61.28 Est @ 2.64% 41.50
2023 62.77 Est @ 2.43% 38.56
2024 64.20 Est @ 2.29% 35.78
2025 65.60 Est @ 2.18% 33.17
2026 66.99 Est @ 2.11% 30.72
2027 68.37 Est @ 2.06% 28.45
2028 69.76 Est @ 2.03% 26.33
Present value of next 10 years cash flows CA$315.36
TSX:CWX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$69.76 × (1 + 1.95%) ÷ (10.23% – 1.95%)
CA$858.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$858.13 ÷ (1 + 10.23%)10
CA$323.88
TSX:CWX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$315.36 + CA$323.88
CA$639.24
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$639.24 / 77.69
CA$8.23
TSX:CWX Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$8.23
Current discount Discount to share price of CA$5.00
= -1 x (CA$5.00 - CA$8.23) / CA$8.23
39.2%

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

Current Discount
Amount off the current price CanWel Building Materials Group is available for.
Intrinsic value
39%
Share price is CA$5 vs Future cash flow value of CA$8.23
Current Discount Checks
For CanWel Building Materials Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CanWel Building Materials Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CanWel Building Materials Group's share price is below the future cash flow value, but not 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 CanWel Building Materials Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CanWel Building Materials Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CWX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.39
TSX:CWX Share Price ** TSX (2019-04-18) in CAD CA$5
Canada Trade Distributors Industry PE Ratio Median Figure of 13 Publicly-Listed Trade Distributors Companies 10.67x
Canada Market PE Ratio Median Figure of 554 Publicly-Listed Companies 15.17x

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

** Primary Listing of CanWel Building Materials Group.

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

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

= 5 ÷ 0.39

12.95x

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

  • CanWel Building Materials Group is overvalued based on earnings compared to the CA Trade Distributors industry average.
  • CanWel Building Materials Group is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does CanWel Building Materials Group's expected growth come at a high price?
Raw Data
TSX:CWX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
Canada Trade Distributors Industry PEG Ratio Median Figure of 6 Publicly-Listed Trade Distributors Companies 0.95x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 CanWel Building Materials Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CanWel Building Materials Group's assets?
Raw Data
TSX:CWX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$4.67
TSX:CWX Share Price * TSX (2019-04-18) in CAD CA$5
Canada Trade Distributors Industry PB Ratio Median Figure of 17 Publicly-Listed Trade Distributors Companies 1.03x
Canada Market PB Ratio Median Figure of 2,370 Publicly-Listed Companies 1.51x
TSX:CWX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5 ÷ 4.67

1.07x

* Primary Listing of CanWel Building Materials Group.

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

  • CanWel Building Materials Group is overvalued based on assets compared to the CA Trade Distributors industry average.
X
Value checks
We assess CanWel Building Materials 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 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. CanWel Building Materials Group has a total score of 2/6, 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 CanWel Building Materials Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
3.1%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is CanWel Building Materials Group expected to grow at an attractive rate?
  • Unable to compare CanWel Building Materials Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CanWel Building Materials Group's earnings growth to the Canada market average as no estimate data is available.
  • CanWel Building Materials Group's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CWX Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CWX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.1%
Canada Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Canada Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:CWX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CWX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,374 74 2
2019-12-31 1,336 70 2
TSX:CWX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,291 -4 30
2018-09-30 1,303 13 35
2018-06-30 1,270 -18 38
2018-03-31 1,208 -18 34
2017-12-31 1,136 31 29
2017-09-30 1,074 1 28
2017-06-30 1,034 -12 24
2017-03-31 1,004 12 45
2016-12-31 978 3 44
2016-09-30 957 12 40
2016-06-30 929 7 40
2016-03-31 863 4 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CanWel Building Materials Group is high growth as no earnings estimate data is available.
  • CanWel Building Materials Group's revenue is expected to grow by 3.1% 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
TSX:CWX 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 2 Analyst Estimates (S&P Global) See Below

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

TSX:CWX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
TSX:CWX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.39
2018-09-30 0.46
2018-06-30 0.51
2018-03-31 0.46
2017-12-31 0.42
2017-09-30 0.44
2017-06-30 0.39
2017-03-31 0.80
2016-12-31 0.86
2016-09-30 0.85
2016-06-30 0.91
2016-03-31 0.37

*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 CanWel Building Materials Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CanWel Building Materials 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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CanWel Building Materials Group 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.

Past Performance

  How has CanWel Building Materials 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 CanWel Building Materials Group'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.
  • CanWel Building Materials Group has delivered over 20% year on year earnings growth in the past 5 years.
  • CanWel Building Materials Group's 1-year earnings growth is less than its 5-year average (4.2% vs 27.5%)
  • CanWel Building Materials Group's earnings growth has not exceeded the CA Trade Distributors industry average in the past year (4.2% vs 30.7%).
Earnings and Revenue History
CanWel Building Materials 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 CanWel Building Materials Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CWX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,291.30 30.02 121.06
2018-09-30 1,303.48 35.40 121.51
2018-06-30 1,270.14 38.46 112.45
2018-03-31 1,208.07 33.63 101.33
2017-12-31 1,135.95 28.81 90.41
2017-09-30 1,074.13 28.19 77.52
2017-06-30 1,033.51 23.58 73.75
2017-03-31 1,003.58 44.96 75.20
2016-12-31 978.30 44.20 73.70
2016-09-30 957.38 39.83 74.84
2016-06-30 928.52 39.50 74.68
2016-03-31 862.92 14.38 69.09
2015-12-31 824.73 12.30 66.10
2015-09-30 788.15 11.31 64.06
2015-06-30 767.81 11.44 61.72
2015-03-31 769.25 12.29 61.62
2014-12-31 759.47 12.32 61.20
2014-09-30 751.06 12.22 59.91
2014-06-30 729.17 10.19 59.35
2014-03-31 712.95 6.86 58.71
2013-12-31 725.84 9.11 58.20
2013-09-30 727.73 7.83 59.12
2013-06-30 720.21 7.18 58.50
2013-03-31 717.27 8.75 58.80
2012-12-31 710.57 7.57 58.27
2012-09-30 698.49 7.44 55.82
2012-06-30 697.28 5.57 57.23

*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.
  • CanWel Building Materials Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CanWel Building Materials Group used its assets less efficiently than the CA Trade Distributors industry average last year based on Return on Assets.
  • CanWel Building Materials Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CanWel Building Materials 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 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.
CanWel Building Materials Group has a total score of 2/6, 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 CanWel Building Materials 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 CanWel Building Materials Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CanWel Building Materials Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CanWel Building Materials Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CanWel Building Materials 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from CanWel Building Materials Group Company Filings, last reported 3 months ago.

TSX:CWX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 363.13 307.64 0.49
2018-09-30 363.91 271.04 1.58
2018-06-30 368.96 366.26
2018-03-31 361.25 326.36
2017-12-31 360.24 228.02 6.74
2017-09-30 306.31 175.06 1.26
2017-06-30 306.52 249.28 6.21
2017-03-31 277.06 266.75
2016-12-31 278.72 192.69
2016-09-30 290.30 161.45
2016-06-30 232.23 267.23
2016-03-31 158.47 224.72
2015-12-31 168.93 156.07
2015-09-30 169.48 145.88 5.29
2015-06-30 98.72 189.48
2015-03-31 96.45 199.99
2014-12-31 101.39 133.07
2014-09-30 105.48 120.66
2014-06-30 103.12 179.27
2014-03-31 100.25 177.80
2013-12-31 106.14 121.37
2013-09-30 110.30 116.39
2013-06-30 108.86 151.44
2013-03-31 107.59 132.21
2012-12-31 108.13 87.04
2012-09-30 114.76 80.70
2012-06-30 119.10 109.54
  • CanWel Building Materials Group's level of debt (84.7%) 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 (115% vs 84.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess CanWel Building Materials 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. CanWel Building Materials Group has a total score of 4/6, 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 CanWel Building Materials 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
11.2%
Current annual income from CanWel Building Materials Group dividends. Estimated to be 11.2% next year.
If you bought CA$2,000 of CanWel Building Materials Group shares you are expected to receive CA$224 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?
  • CanWel Building Materials Group's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.05%).
  • CanWel Building Materials Group's dividend is above the markets top 25% of dividend payers in Canada (5.56%).
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:CWX 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 2 Analyst Estimates (S&P Global) See Below
Canada Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

TSX:CWX Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.56 5.00
2019-12-31 0.56 5.00
TSX:CWX Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.560 10.891
2018-12-14 0.560 11.559
2018-09-14 0.560 11.191
2018-06-15 0.560 8.484
2018-03-15 0.560 8.220
2017-12-15 0.560 8.192
2017-09-15 0.560 8.435
2017-06-15 0.560 8.939
2017-03-15 0.560 9.084
2016-12-15 0.560 9.402
2016-09-15 0.560 9.362
2016-06-15 0.560 9.111
2016-03-15 0.560 11.011
2015-12-15 0.560 12.956
2015-09-15 0.560 11.044
2015-06-15 0.560 9.960
2015-03-16 0.560 9.809
2014-12-15 0.560 9.578
2014-09-15 0.560 9.304
2014-06-16 0.560 9.583
2014-03-14 0.560 10.512
2013-12-16 0.560 9.802
2013-09-16 0.560 9.621
2013-06-14 0.560 10.810
2013-03-15 0.560 11.124
2012-12-11 0.560 10.714
2012-09-14 0.560 10.778
2012-06-15 0.560 11.452
2011-11-03 0.560 11.869
2011-09-15 0.800 20.154
2011-06-15 0.800 14.882
2011-03-22 0.800 9.523
2010-12-20 0.800 7.952
2010-09-21 0.800 8.403
2010-06-22 0.800 9.369
2010-05-11 0.800 9.447
2010-05-10 0.800 8.266
2010-03-23 0.534 5.444
2010-01-08 1.000 10.791
2009-12-21 1.000 12.009
2009-11-20 1.000 12.425
2009-10-20 1.000 13.024
2009-09-21 1.000 16.899
2009-08-20 1.000 18.131
2009-07-30 1.000 19.471
2009-07-20 1.000 23.378
2009-05-20 1.400 32.574
2009-04-20 1.400 28.408

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 CanWel Building Materials Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess CanWel Building Materials Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 CanWel Building Materials Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CanWel Building Materials Group has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of CanWel Building Materials 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
Amar Doman
COMPENSATION CA$1,051,500
TENURE AS CEO 9.3 years
CEO Bio

Mr. Amardeip Singh Doman, also known as Amar, founded The Futura Corporation and has been President and Chief Executive Officer since December 1999 and also serves as its Chairman. Mr. Doman serves as the Chairman and Chief Executive Officer of Broadleaf Logistics Company. He has been the Chief Executive Officer of CanWel Building Materials Group Ltd. since January 31, 2010. Mr. Doman was the founder of TFC and serves as its President and CEO. Mr. Doman was also responsible for acquisitions of CanWel Hardware, CanWel Treating, Broadleaf Logistics Company, NorthWest Wood Treaters, North American Wood Preservers, Pastway Planing Limited, California Cascade Industries, Jemi Fibre Corp., TFI, and Honsador Acquisition Corp. He is the Chairman of the Board of Directors and CEO of CanWel Building Materials Ltd. He has more than 25 years experience in the building materials manufacturing and distribution industries. He served as the President of CanWel Building Materials Group Ltd. since January 31, 2010. Mr. Doman served as the Vice-President of Futura Forest Products Ltd. from 1992 to 1999. Mr. Doman is a former member of the board of the Heart and Stroke Foundation of Canada. He was responsible for the acquisition of CanWel and the Futura Forest Products Division. Mr. Doman has been the Chairman of the Board of Tree Island Steel Ltd. (also known as Tree Island Wire Income Fund) since June 23, 2009 and has been its Director since January 30, 2009. He serves as the Chairman of CanWel Building Materials Group Ltd. and has been its Director since December 31, 1999. He has been a Director at Tree Island Wire Income Fund since May 11, 2007. He serves as a Director of Dexx Corp. He served as an Independent Director of Route1 Inc. from September 15, 2010 to November 2011. He served as a Trustee of Tree Island Wire Income Fund from May 11, 2007 to July 05, 2007. Mr. Doman served on the Board of Directors of the Canadian Institute of Treated Wood and the Building Supply Dealers Association of British Columbia. Mr. Doman was also named Ernst & Young Pacific Region Business to Business Entrepreneur of the Year in 2005.

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

Average tenure of the CanWel Building Materials Group management team in years:

7.8
Average Tenure
  • The average tenure for the CanWel Building Materials Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Amar Doman

TITLE
Chairman & CEO
COMPENSATION
CA$1M
TENURE
9.3 yrs

James Code

TITLE
Chief Financial Officer
COMPENSATION
CA$537K
TENURE
7.5 yrs

Steve Marshall

TITLE
VP of Treated Wood - CanWel Treating Division & Director
COMPENSATION
CA$497K

Marc Seguin

TITLE
President of CanWel Building Materials Division & Director
COMPENSATION
CA$813K
TENURE
7.8 yrs

Stuart Heath

TITLE
President of California Cascade Division
COMPENSATION
CA$365K
TENURE
3.8 yrs

Ali Mahdavi

TITLE
Head of Investor Relations

Rob Doman

TITLE
General Counsel & Corporate Secretary
AGE
48

Michel Walsh

TITLE
Director of Products & Marketing
TENURE
8.6 yrs

Julie Wong

TITLE
Director of Human Resources

John Russell

TITLE
President of CanWel US Division
Board of Directors Tenure

Average tenure of the CanWel Building Materials Group board of directors in years:

15.1
Average Tenure
  • The average tenure for the CanWel Building Materials Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steve Marshall

TITLE
VP of Treated Wood - CanWel Treating Division & Director
COMPENSATION
CA$497K
TENURE
15.1 yrs

Marc Seguin

TITLE
President of CanWel Building Materials Division & Director
COMPENSATION
CA$813K
TENURE
6.9 yrs

Siegfried Thoma

TITLE
Independent Director
COMPENSATION
CA$84K
TENURE
15.1 yrs

Amar Doman

TITLE
Chairman & CEO
COMPENSATION
CA$1M

Kelvin P. Dushnisky

TITLE
Independent Director
COMPENSATION
CA$76K
AGE
54
TENURE
15.1 yrs

Sam Fleiser

TITLE
Independent Director
COMPENSATION
CA$82K
TENURE
5.9 yrs

Tom Donaldson

TITLE
Independent Director
COMPENSATION
CA$71K
TENURE
15.3 yrs

Ian Baskerville

TITLE
Independent Director
COMPENSATION
CA$66K
TENURE
15.1 yrs

Harry Rosenfeld

TITLE
Director
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • CanWel Building Materials Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
04. Feb 19 Sell Ian Baskerville Individual 28. Jan 19 29. Jan 19 -16,000 CA$5.00 CA$-79,916
11. Dec 18 Buy Didar Doman Individual 10. Dec 18 11. Dec 18 12,000 CA$4.43 CA$52,964
17. Dec 18 Buy R. Doman Individual 17. Dec 18 17. Dec 18 7,500 CA$4.31 CA$32,325
17. Dec 18 Buy The Futura Corporation Company 14. Dec 18 14. Dec 18 330,000 CA$4.41 CA$1,444,697
14. Dec 18 Buy The Futura Corporation Company 13. Dec 18 13. Dec 18 20,200 CA$4.36 CA$88,072
13. Dec 18 Buy The Futura Corporation Company 12. Dec 18 12. Dec 18 20,000 CA$4.35 CA$86,900
12. Dec 18 Buy R. Doman Individual 12. Dec 18 12. Dec 18 11,428 CA$4.35 CA$49,712
12. Dec 18 Buy The Futura Corporation Company 11. Dec 18 11. Dec 18 41,000 CA$4.39 CA$180,109
07. Dec 18 Buy The Futura Corporation Company 06. Dec 18 06. Dec 18 3,200 CA$4.50 CA$14,400
06. Dec 18 Buy The Futura Corporation Company 05. Dec 18 05. Dec 18 15,000 CA$4.60 CA$69,049
05. Dec 18 Buy The Futura Corporation Company 04. Dec 18 04. Dec 18 5,000 CA$4.69 CA$23,450
03. Dec 18 Buy The Futura Corporation Company 30. Nov 18 30. Nov 18 14,500 CA$4.75 CA$68,875
30. Nov 18 Buy The Futura Corporation Company 29. Nov 18 29. Nov 18 100 CA$4.78 CA$478
29. Nov 18 Buy The Futura Corporation Company 28. Nov 18 28. Nov 18 8,900 CA$4.67 CA$41,588
28. Nov 18 Buy The Futura Corporation Company 27. Nov 18 27. Nov 18 40,000 CA$4.69 CA$187,600
23. Nov 18 Buy Sam Fleiser Individual 23. Nov 18 23. Nov 18 1,000 CA$4.67 CA$4,670
21. Nov 18 Buy Stephen Marshall Individual 19. Nov 18 19. Nov 18 3,500 CA$4.79 CA$16,765
21. Nov 18 Buy The Futura Corporation Company 20. Nov 18 20. Nov 18 40,100 CA$4.67 CA$186,948
20. Nov 18 Buy The Futura Corporation Company 19. Nov 18 19. Nov 18 30,600 CA$4.77 CA$146,063
15. Nov 18 Buy The Futura Corporation Company 14. Nov 18 14. Nov 18 25,000 CA$4.70 CA$117,500
19. Nov 18 Buy Stephen Marshall Individual 15. Nov 18 16. Nov 18 8,500 CA$4.77 CA$40,494
19. Nov 18 Buy The Futura Corporation Company 16. Nov 18 16. Nov 18 25,000 CA$4.80 CA$120,000
18. Nov 18 Buy James Code Individual 16. Nov 18 16. Nov 18 5,000 CA$4.80 CA$24,000
18. Nov 18 Buy The Futura Corporation Company 15. Nov 18 15. Nov 18 17,200 CA$4.76 CA$81,956
14. Nov 18 Buy Stephen Marshall Individual 14. Nov 18 14. Nov 18 3,000 CA$4.77 CA$14,310
14. Nov 18 Buy The Futura Corporation Company 13. Nov 18 13. Nov 18 75,000 CA$4.83 CA$362,497
13. Nov 18 Buy Marc Seguin Individual 13. Nov 18 13. Nov 18 30,000 CA$4.87 CA$146,100
13. Nov 18 Buy Harry Rosenfeld Individual 13. Nov 18 13. Nov 18 3,695 CA$4.86 CA$17,958
12. Nov 18 Buy R. Doman Individual 12. Nov 18 12. Nov 18 10,000 CA$4.81 CA$47,850
01. Oct 18 Buy The Futura Corporation Company 28. Sep 18 28. Sep 18 35,900 CA$5.58 CA$200,268
28. Sep 18 Buy Stephen Marshall Individual 27. Sep 18 27. Sep 18 5,000 CA$5.66 CA$28,300
27. Sep 18 Buy Marc Seguin Individual 27. Sep 18 27. Sep 18 10,000 CA$5.73 CA$57,300
27. Sep 18 Buy The Futura Corporation Company 26. Sep 18 26. Sep 18 11,500 CA$5.78 CA$66,496
21. Sep 18 Buy The Futura Corporation Company 20. Sep 18 20. Sep 18 25,500 CA$5.62 CA$143,239
26. Sep 18 Buy The Futura Corporation Company 25. Sep 18 25. Sep 18 2,900 CA$5.75 CA$16,675
25. Sep 18 Buy Marc Seguin Individual 21. Sep 18 21. Sep 18 10,000 CA$5.70 CA$57,000
25. Sep 18 Buy James Code Individual 21. Sep 18 21. Sep 18 3,800 CA$5.68 CA$21,584
20. Sep 18 Buy The Futura Corporation Company 19. Sep 18 19. Sep 18 47,500 CA$5.72 CA$271,657
20. Aug 18 Buy The Futura Corporation Company 17. Aug 18 17. Aug 18 5,000 CA$6.31 CA$31,549
22. Aug 18 Buy The Futura Corporation Company 21. Aug 18 21. Aug 18 5,000 CA$6.37 CA$31,850
15. Aug 18 Buy James Code Individual 13. Aug 18 13. Aug 18 6,000 CA$6.37 CA$38,220
14. Aug 18 Buy The Futura Corporation Company 13. Aug 18 13. Aug 18 10,000 CA$6.27 CA$62,700
09. Aug 18 Buy The Futura Corporation Company 08. Aug 18 08. Aug 18 20,000 CA$6.46 CA$128,600
07. Aug 18 Buy Harry Rosenfeld Individual 07. Aug 18 07. Aug 18 2,607 CA$6.58 CA$17,126
07. Aug 18 Buy Siegfried Thoma Individual 07. Aug 18 07. Aug 18 3,875 CA$6.60 CA$25,566
20. Jun 18 Buy The Futura Corporation Company 19. Jun 18 19. Jun 18 900 CA$7.14 CA$6,426
17. May 18 Buy Siegfried Thoma Individual 16. May 18 16. May 18 330 CA$7.43 CA$2,451
10. May 18 Buy Harry Rosenfeld Individual 10. May 18 10. May 18 2,358 CA$7.36 CA$17,314
X
Management checks
We assess CanWel Building Materials 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. CanWel Building Materials 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.

News

Simply Wall St News

Here's What CanWel Building Materials Group Ltd.'s (TSE:CWX) P/E Is Telling Us

We'll apply a basic P/E ratio analysis to CanWel Building Materials Group Ltd.'s (TSE:CWX), to help you decide if the stock is worth further research. … CanWel Building Materials Group has a price to earnings ratio of 12.97, based on the last twelve months. … Check out our latest analysis for CanWel Building Materials Group?

Simply Wall St -

Have Insiders Been Buying CanWel Building Materials Group Ltd. (TSE:CWX) Shares This Year?

So before you buy or sell CanWel Building Materials Group Ltd. … The Last 12 Months Of Insider Transactions At CanWel Building Materials Group. … In the last twelve months there was more buying than selling by CanWel Building Materials Group insiders

Simply Wall St -

CanWel Building Materials Group Ltd. (TSE:CWX): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like CanWel Building Materials Group Ltd. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

If You Had Bought CanWel Building Materials Group Stock A Year Ago, You'd Be Sitting On A 24% Loss, Today

Even though the CanWel Building Materials Group share price is down over the year, its EPS actually improved. … We don't see any weakness in the CanWel Building Materials Group's dividend so the steady payout can't really explain the share price drop. … From what we can see, revenue is pretty flat, so that doesn't really explain the share price drop.

Simply Wall St -

Is CanWel Building Materials Group Ltd.'s (TSE:CWX) CEO Paid Enough Relative To Peers?

Amar Doman has been the CEO of CanWel Building Materials Group Ltd. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Amar Doman's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do Institutions Own Shares In CanWel Building Materials Group Ltd. (TSE:CWX)?

A look at the shareholders of CanWel Building Materials Group Ltd. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … CanWel Building Materials Group is not a large company by global standards.

Simply Wall St -

A Look At The Fair Value Of CanWel Building Materials Group Ltd. (TSE:CWX)

I am going to run you through how I calculated the intrinsic value of CanWel Building Materials Group Ltd. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

At CA$4.98, Is It Time To Put CanWel Building Materials Group Ltd. (TSE:CWX) On Your Watch List?

CanWel Building Materials Group Ltd. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on CanWel Building Materials Group’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

How CanWel Building Materials Group Ltd. (TSE:CWX) Can Impact Your Portfolio Volatility

In finance, Beta is a measure of volatility. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

Simply Wall St -

Read This Before Selling CanWel Building Materials Group Ltd. (TSE:CWX) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in CanWel Building Materials Group Ltd. … CanWel Building Materials Group Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by CanWel Building Materials Group insiders

Simply Wall St -

Company Info

Description

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products. It also offers wood pressure treating services. In addition, the company is involved in the ownership and management of private timberlands and Crown forest licenses; logging and trucking operations; and post-peeling and pressure treating for the agricultural market. The company serves new home construction, home renovation, and industrial markets, as well as building materials industry, hardware stores, and industrial and furniture manufacturers. CanWel Building Materials Group Ltd. was founded in 1989 and is headquartered in Vancouver, Canada.

Details
Name: CanWel Building Materials Group Ltd.
CWX
Exchange: TSX
Founded: 1989
CA$388,431,300
77,686,260
Website: http://www.canwel.com
Address: CanWel Building Materials Group Ltd.
STN Royal Centre,
Suite 1100,
Vancouver,
British Columbia, V6E 3P3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CWX New Common Shares The Toronto Stock Exchange CA CAD 13. May 2004
OTCPK CWXZ.F New Common Shares Pink Sheets LLC US USD 13. May 2004
DB 2CW1 New Common Shares Deutsche Boerse AG DE EUR 13. May 2004
Number of employees
Current staff
Staff numbers
1,232
CanWel Building Materials Group employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:20
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/05
Last earnings reported: 2018/12/31
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.