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WJX

Wajax TSX:WJX Stock Report

Last Price

CA$21.89

Market Cap

CA$469.2m

7D

3.2%

1Y

-3.3%

Updated

21 May, 2022

Data

Company Financials +
WJX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Wajax
Historical stock prices
Current Share PriceCA$21.89
52 Week HighCA$29.67
52 Week LowCA$18.73
Beta2.25
1 Month Change7.36%
3 Month Change-6.97%
1 Year Change-3.27%
3 Year Change42.61%
5 Year Change-7.79%
Change since IPO62.15%

Recent News & Updates

May 21
Wajax (TSE:WJX) Is Due To Pay A Dividend Of CA$0.25

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...

May 07
Wajax (TSE:WJX) Is Due To Pay A Dividend Of CA$0.25

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

WJXCA Trade DistributorsCA Market
7D3.2%-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

Is WJX's price volatile compared to industry and market?
WJX volatility
WJX Average Weekly Movement7.8%
Trade Distributors Industry Average Movement5.1%
Market Average Movement9.9%
10% most volatile stocks in CA Market16.9%
10% least volatile stocks in CA Market4.3%

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

FoundedEmployeesCEOWebsite
18582,800Iggy Domagalskihttps://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

How do Wajax's earnings and revenue compare to its market cap?
WJX fundamental statistics
Market CapCA$469.17m
Earnings (TTM)CA$56.85m
Revenue (TTM)CA$1.69b

8.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WJX income statement (TTM)
RevenueCA$1.69b
Cost of RevenueCA$1.34b
Gross ProfitCA$345.76m
Other ExpensesCA$288.91m
EarningsCA$56.85m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 05, 2022

Earnings per share (EPS)2.65
Gross Margin20.46%
Net Profit Margin3.36%
Debt/Equity Ratio38.1%

How did WJX perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

38%

Payout Ratio

Does WJX pay a reliable dividends?

See WJX dividend history and benchmarks
When do you need to buy WJX by to receive an upcoming dividend?
Wajax dividend dates
Ex Dividend DateJun 14 2022
Dividend Pay DateJul 05 2022
Days until Ex dividend23 days
Days until Dividend pay date44 days

Does WJX pay a reliable dividends?

See WJX dividend history and benchmarks

Valuation

Is Wajax undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation 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

0/6

Future 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

4/6

Past 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

6/6

Financial 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

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.57%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 22 2022Ex Dividend DateJun 14 2022Dividend Pay DateJul 05 202221 days from Ex DividendBuy in the next 23 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.