Hardwoods Distribution Inc. engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$41.27|
|52 Week High||CA$23.10|
|52 Week Low||CA$43.00|
|1 Month Change||6.17%|
|3 Month Change||19.87%|
|1 Year Change||65.81%|
|3 Year Change||235.80%|
|5 Year Change||121.05%|
|Change since IPO||298.74%|
Recent News & Updates
An Intrinsic Calculation For Hardwoods Distribution Inc. (TSE:HDI) Suggests It's 29% Undervalued
Does the September share price for Hardwoods Distribution Inc. ( TSE:HDI ) reflect what it's really worth? Today, we...
Hardwoods Distribution (TSE:HDI) Has A Rock Solid Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
|HDI||CA Trade Distributors||CA Market|
Return vs Industry: HDI exceeded the Canadian Trade Distributors industry which returned 45.6% over the past year.
Return vs Market: HDI exceeded the Canadian Market which returned 36.5% over the past year.
Stable Share Price: HDI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: HDI's weekly volatility (5%) has been stable over the past year.
About the Company
Hardwoods Distribution Inc. engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates. The company also manufactures, imports, and distributes hardwood lumber, millwork, and architectural sheet goods; and provides custom molding and millwork services, as well as owns a sawmill and kiln drying operation.
Hardwoods Distribution Fundamentals Summary
|HDI fundamental statistics|
Is HDI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HDI income statement (TTM)|
|Cost of Revenue||US$940.41m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 08, 2021
|Earnings per share (EPS)||2.50|
|Net Profit Margin||4.52%|
How did HDI perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Is Hardwoods Distribution undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HDI (CA$41.27) is trading below our estimate of fair value (CA$72.03)
Significantly Below Fair Value: HDI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HDI is poor value based on its PE Ratio (13.3x) compared to the Canadian Trade Distributors industry average (10.8x).
PE vs Market: HDI is good value based on its PE Ratio (13.3x) compared to the Canadian market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: HDI is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: HDI is overvalued based on its PB Ratio (2.6x) compared to the CA Trade Distributors industry average (1.3x).
How is Hardwoods Distribution forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HDI's forecast earnings growth (12.1% per year) is above the savings rate (1.6%).
Earnings vs Market: HDI's earnings (12.1% per year) are forecast to grow slower than the Canadian market (12.1% per year).
High Growth Earnings: HDI's earnings are forecast to grow, but not significantly.
Revenue vs Market: HDI's revenue (12.5% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: HDI's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HDI's Return on Equity is forecast to be low in 3 years time (15%).
How has Hardwoods Distribution performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HDI has a high level of non-cash earnings.
Growing Profit Margin: HDI's current net profit margins (4.5%) are higher than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: HDI's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: HDI's earnings growth over the past year (107.1%) exceeds its 5-year average (14.2% per year).
Earnings vs Industry: HDI earnings growth over the past year (107.1%) underperformed the Trade Distributors industry 107.1%.
Return on Equity
High ROE: HDI's Return on Equity (19.4%) is considered low.
How is Hardwoods Distribution's financial position?
Financial Position Analysis
Short Term Liabilities: HDI's short term assets ($373.2M) exceed its short term liabilities ($210.1M).
Long Term Liabilities: HDI's short term assets ($373.2M) exceed its long term liabilities ($65.3M).
Debt to Equity History and Analysis
Debt Level: HDI's debt to equity ratio (43.5%) is considered high.
Reducing Debt: HDI's debt to equity ratio has increased from 20.7% to 43.5% over the past 5 years.
Debt Coverage: HDI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HDI's interest payments on its debt are well covered by EBIT (15.8x coverage).
What is Hardwoods Distribution current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HDI's dividend (0.93%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.56%).
High Dividend: HDI's dividend (0.93%) is low compared to the top 25% of dividend payers in the Canadian market (4.49%).
Stability and Growth of Payments
Stable Dividend: HDI's dividends per share have been stable in the past 10 years.
Growing Dividend: HDI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.8%), HDI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HDI's dividends in 3 years are forecast to be thoroughly covered by earnings (11.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Robert J. Brown, also known as Rob, has been the Chief Executive Officer at Hardwoods Distribution Inc. since January 7, 2016 and serves as its President and served as its Chief Operating Officer since...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD1.82M) is above average for companies of similar size in the Canadian market ($USD1.11M).
Compensation vs Earnings: Rob's compensation has increased by more than 20% in the past year.
Experienced Management: HDI's management team is considered experienced (4.5 years average tenure).
Experienced Board: HDI's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HDI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hardwoods Distribution Inc.'s employee growth, exchange listings and data sources
- Name: Hardwoods Distribution Inc.
- Ticker: HDI
- Exchange: TSX
- Founded: 2012
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: CA$878.566m
- Shares outstanding: 21.29m
- Website: https://www.hdidist.com
Number of Employees
- Hardwoods Distribution Inc.
- 9440 202nd Street
- Suite 306
- British Columbia
- V1M 4A6
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 22:38|
|End of Day Share Price||2021/10/26 00:00|
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.