| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
WJX Stock Overview
Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors.
Wajax Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$21.89 |
| 52 Week High | CA$29.67 |
| 52 Week Low | CA$18.73 |
| Beta | 2.25 |
| 1 Month Change | 7.36% |
| 3 Month Change | -6.97% |
| 1 Year Change | -3.27% |
| 3 Year Change | 42.61% |
| 5 Year Change | -7.79% |
| Change since IPO | 62.15% |
Recent News & Updates
Wajax (TSE:WJX) Is Due To Pay A Dividend Of CA$0.25
The board of Wajax Corporation ( TSE:WJX ) has announced that it will pay a dividend of CA$0.25 per share on the 5th of...
Wajax (TSE:WJX) Is Due To Pay A Dividend Of CA$0.25
The board of Wajax Corporation ( TSE:WJX ) has announced that it will pay a dividend of CA$0.25 per share on the 5th of...
Shareholder Returns
| WJX | CA Trade Distributors | CA Market | |
|---|---|---|---|
| 7D | 3.2% | -1.7% | 0.8% |
| 1Y | -3.3% | -1.6% | 4.9% |
Return vs Industry: WJX underperformed the Canadian Trade Distributors industry which returned -1.6% over the past year.
Return vs Market: WJX underperformed the Canadian Market which returned 4.8% over the past year.
Price Volatility
| WJX volatility | |
|---|---|
| WJX Average Weekly Movement | 7.8% |
| Trade Distributors Industry Average Movement | 5.1% |
| Market Average Movement | 9.9% |
| 10% most volatile stocks in CA Market | 16.9% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: WJX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: WJX's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1858 | 2,800 | Iggy Domagalski | https://www.wajax.com |
Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers. It also provides bearings, bulk material handling, filtration, fluid handling, hydraulics, industrial electric motors and variable frequency drives, instrumentation, pneumatics, power transmissions, and safety and mill supplies, as well as sealing, belting, lubricants, and hydraulic hoses; combination sweeper scrubbers, container handlers, electric ride scooters, end rider trucks, forklifts, order pickers, pallet stackers and trucks, reach stackers, rider and walk behind sweepers, side loaders, tow tractors, and utility vehicles; and equipment transport, filtration, fluid handling, mining excavators, rigid frame trucks, rope shovel, underground battery powered and drill jumbos, underground haul trucks and loaders, underground roof bolters and scaling machines, and underground utility trucks.
Wajax Fundamentals Summary
| WJX fundamental statistics | |
|---|---|
| Market Cap | CA$469.17m |
| Earnings (TTM) | CA$56.85m |
| Revenue (TTM) | CA$1.69b |
8.3x
P/E Ratio0.3x
P/S RatioIs WJX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WJX income statement (TTM) | |
|---|---|
| Revenue | CA$1.69b |
| Cost of Revenue | CA$1.34b |
| Gross Profit | CA$345.76m |
| Other Expenses | CA$288.91m |
| Earnings | CA$56.85m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 05, 2022
| Earnings per share (EPS) | 2.65 |
| Gross Margin | 20.46% |
| Net Profit Margin | 3.36% |
| Debt/Equity Ratio | 38.1% |
How did WJX perform over the long term?
See historical performance and comparisonDividends
4.6%
Current Dividend Yield38%
Payout RatioDoes WJX pay a reliable dividends?
See WJX dividend history and benchmarks| Wajax dividend dates | |
|---|---|
| Ex Dividend Date | Jun 14 2022 |
| Dividend Pay Date | Jul 05 2022 |
| Days until Ex dividend | 23 days |
| Days until Dividend pay date | 44 days |
Does WJX pay a reliable dividends?
See WJX dividend history and benchmarksValuation
Is Wajax undervalued compared to its fair value and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
8.25x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WJX (CA$21.89) is trading above our estimate of fair value (CA$16.19)
Significantly Below Fair Value: WJX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WJX is poor value based on its PE Ratio (8.3x) compared to the Canadian Trade Distributors industry average (4.8x).
PE vs Market: WJX is good value based on its PE Ratio (8.3x) compared to the Canadian market (11.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WJX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WJX's PB Ratio (1.2x) is in line with the CA Trade Distributors industry average.
Future Growth
How is Wajax forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
2.8%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if WJX's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if WJX's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WJX's revenue (2.8% per year) is forecast to grow slower than the Canadian market (6.4% per year).
High Growth Revenue: WJX's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WJX's Return on Equity is forecast to be low in 3 years time (12%).
Past Performance
How has Wajax performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
12.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WJX has high quality earnings.
Growing Profit Margin: WJX's current net profit margins (3.4%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: WJX's earnings have grown by 12.3% per year over the past 5 years.
Accelerating Growth: WJX's earnings growth over the past year (41.9%) exceeds its 5-year average (12.3% per year).
Earnings vs Industry: WJX earnings growth over the past year (41.9%) underperformed the Trade Distributors industry 55.6%.
Return on Equity
High ROE: WJX's Return on Equity (14.1%) is considered low.
Financial Health
How is Wajax's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: WJX's short term assets (CA$721.7M) exceed its short term liabilities (CA$402.0M).
Long Term Liabilities: WJX's short term assets (CA$721.7M) exceed its long term liabilities (CA$318.0M).
Debt to Equity History and Analysis
Debt Level: WJX's net debt to equity ratio (35.3%) is considered satisfactory.
Reducing Debt: WJX's debt to equity ratio has reduced from 45.5% to 38.1% over the past 5 years.
Debt Coverage: WJX's debt is well covered by operating cash flow (86.1%).
Interest Coverage: WJX's interest payments on its debt are well covered by EBIT (4.8x coverage).
Balance Sheet
Dividend
What is Wajax current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.57%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: WJX's dividend (4.57%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: WJX's dividend (4.57%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).
Stability and Growth of Payments
Stable Dividend: WJX's dividend payments have been volatile in the past 10 years.
Growing Dividend: WJX's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (37.7%), WJX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (17.2%), WJX's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Iggy Domagalski (41 yo)
0.33
Tenure
Mr. Ignacy P. Domagalski, also known as Iggy, has been President, Chief Executive Officer and Director of Wajax Corporation since January 1, 2022. He served as Chief Executive Officer of Tundra Process Sol...
Leadership Team
Experienced Management: WJX's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: WJX's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WJX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Wajax Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Wajax Corporation
- Ticker: WJX
- Exchange: TSX
- Founded: 1858
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Implied Market Cap: CA$469.174m
- Shares outstanding: 21.43m
- Website: https://www.wajax.com
Number of Employees
Location
- Wajax Corporation
- 2250 Argentia Road
- Mississauga
- Ontario
- L5N 6A5
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/21 00:00 |
| End of Day Share Price | 2022/05/20 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.