Hardwoods Distribution Inc. engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. More Details
No risks detected for HDI from our risk checks.
Excellent balance sheet with proven track record.
Share Price & News
How has Hardwoods Distribution's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HDI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: HDI's weekly volatility (9%) has been stable over the past year.
7 Day Return
CA Trade Distributors
1 Year Return
CA Trade Distributors
Return vs Industry: HDI exceeded the Canadian Trade Distributors industry which returned 55.8% over the past year.
Return vs Market: HDI exceeded the Canadian Market which returned 29.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Hardwoods Distribution's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StNews Flash: Analysts Just Made A Dazzling Upgrade To Their Hardwoods Distribution Inc. (TSE:HDI) Forecasts
1 month ago | Simply Wall StIs Hardwoods Distribution Inc.'s (TSE:HDI) Latest Stock Performance A Reflection Of Its Financial Health?
1 month ago | Simply Wall StIs There Now An Opportunity In Hardwoods Distribution Inc. (TSE:HDI)?
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$35.26) is trading below our estimate of fair value (CA$104.01)
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 (16.6x) compared to the Canadian Trade Distributors industry average (14x).
PE vs Market: HDI is poor value based on its PE Ratio (16.6x) compared to the Canadian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: HDI is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: HDI is overvalued based on its PB Ratio (2.4x) compared to the CA Trade Distributors industry average (1.4x).
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 (32.2% per year) is above the savings rate (1.5%).
Earnings vs Market: HDI's earnings (32.2% per year) are forecast to grow faster than the Canadian market (14.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HDI's revenue (16% per year) is forecast to grow faster than the Canadian market (5.3% per year).
High Growth Revenue: HDI's revenue (16% 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 (17.5%).
How has Hardwoods Distribution performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HDI has high quality earnings.
Growing Profit Margin: HDI's current net profit margins (3.5%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: HDI's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: HDI's earnings growth over the past year (51.9%) exceeds its 5-year average (10.4% per year).
Earnings vs Industry: HDI earnings growth over the past year (51.9%) underperformed the Trade Distributors industry 70.6%.
Return on Equity
High ROE: HDI's Return on Equity (14.3%) is considered low.
How is Hardwoods Distribution's financial position?
Financial Position Analysis
Short Term Liabilities: HDI's short term assets ($319.8M) exceed its short term liabilities ($178.2M).
Long Term Liabilities: HDI's short term assets ($319.8M) exceed its long term liabilities ($69.3M).
Debt to Equity History and Analysis
Debt Level: HDI's debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: HDI's debt to equity ratio has increased from 23% to 37.1% over the past 5 years.
Debt Coverage: HDI's debt is well covered by operating cash flow (52.5%).
Interest Coverage: HDI's interest payments on its debt are well covered by EBIT (10.2x coverage).
What is Hardwoods Distribution current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HDI's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: HDI's dividend (1.11%) is low compared to the top 25% of dividend payers in the Canadian market (4.57%).
Stability and Growth of Payments
Stable Dividend: HDI's dividends per share have been stable in the past 10 years.
Growing Dividend: HDI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.3%), HDI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Robert J. Brown, also known as Rob, has been the Chief Executive Officer at Hardwoods Distribution Inc. since January 7, 2016 and serves as its President and served as its Chief Operating Officer since...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD1.82M) is above average for companies of similar size in the Canadian market ($USD1.19M).
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 (4.3 years average tenure).
Experienced Board: HDI's board of directors are considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, 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$750.624m
- Shares outstanding: 21.29m
- Website: https://www.hdidist.com
Number of Employees
- Hardwoods Distribution Inc.
- 9440 202nd Street
- Suite 306
- British Columbia
- V1M 4A6
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 decora...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/02 22:02|
|End of Day Share Price||2021/07/30 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.