company background image
WPRT

Westport Fuel Systems TSX:WPRT Stock Report

Last Price

CA$1.29

Market Cap

CA$220.8m

7D

-7.9%

1Y

-80.4%

Updated

30 Jun, 2022

Data

Company Financials +
WPRT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance4/6
Financial Health4/6
Dividends0/6

WPRT Stock Overview

Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide.

Westport Fuel Systems Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Westport Fuel Systems
Historical stock prices
Current Share PriceCA$1.29
52 Week HighCA$6.58
52 Week LowCA$1.25
Beta2.99
1 Month Change-16.77%
3 Month Change-33.85%
1 Year Change-80.40%
3 Year Change-64.07%
5 Year Change-53.93%
Change since IPO31.63%

Recent News & Updates

Jun 15
Earnings Working Against Westport Fuel Systems Inc.'s (TSE:WPRT) Share Price

Earnings Working Against Westport Fuel Systems Inc.'s (TSE:WPRT) Share Price

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 12x, you may consider...

May 11
Is Westport Fuel Systems (TSE:WPRT) Using Debt In A Risky Way?

Is Westport Fuel Systems (TSE:WPRT) Using Debt In A Risky Way?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

WPRTCA MachineryCA Market
7D-7.9%1.1%1.0%
1Y-80.4%-49.5%-4.7%

Return vs Industry: WPRT underperformed the Canadian Machinery industry which returned -49.3% over the past year.

Return vs Market: WPRT underperformed the Canadian Market which returned -3.7% over the past year.

Price Volatility

Is WPRT's price volatile compared to industry and market?
WPRT volatility
WPRT Average Weekly Movement10.1%
Machinery Industry Average Movement9.4%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: WPRT is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: WPRT's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19951,797David Johnsonhttps://wfsinc.com

Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities.

Westport Fuel Systems Fundamentals Summary

How do Westport Fuel Systems's earnings and revenue compare to its market cap?
WPRT fundamental statistics
Market CapUS$171.44m
Earnings (TTM)US$24.51m
Revenue (TTM)US$312.51m

7.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WPRT income statement (TTM)
RevenueUS$312.51m
Cost of RevenueUS$267.45m
Gross ProfitUS$45.06m
Other ExpensesUS$20.55m
EarningsUS$24.51m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin14.42%
Net Profit Margin7.84%
Debt/Equity Ratio24.6%

How did WPRT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is WPRT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WPRT?

Other financial metrics that can be useful for relative valuation.

WPRT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA-6.4x
PEG Ratio0.1x

Price to Earnings Ratio vs Peers

How does WPRT's PE Ratio compare to its peers?

WPRT PE Ratio vs Peers
The above table shows the PE ratio for WPRT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.5x
HEO H2O Innovation
63.7x51.2%CA$160.2m
AFN Ag Growth International
43x35.2%CA$560.5m
HPS.A Hammond Power Solutions
8.5x1.7%CA$183.2m
TBL Taiga Building Products
2.6xn/aCA$267.3m
WPRT Westport Fuel Systems
7x53.6%CA$220.8m

Price-To-Earnings vs Peers: WPRT is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (29.5x).


Price to Earnings Ratio vs Industry

How does WPRT's PE Ratio compare vs other companies in the North American Machinery Industry?

Price-To-Earnings vs Industry: WPRT is good value based on its Price-To-Earnings Ratio (7x) compared to the Canadian Machinery industry average (20.3x)


Price to Earnings Ratio vs Fair Ratio

What is WPRT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WPRT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio52.4x

Price-To-Earnings vs Fair Ratio: WPRT is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (52.4x).


Share Price vs Fair Value

What is the Fair Price of WPRT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate WPRT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WPRT's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: WPRT is good value based on its PEG Ratio (0.1x)


Discover undervalued companies

Future Growth

How is Westport Fuel Systems forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


53.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WPRT's forecast earnings growth (53.6% per year) is above the savings rate (1.6%).

Earnings vs Market: WPRT's earnings (53.6% per year) are forecast to grow faster than the Canadian market (7.1% per year).

High Growth Earnings: WPRT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WPRT's revenue (14.8% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: WPRT's revenue (14.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WPRT is forecast to be unprofitable in 3 years.


Discover growth companies

Past Performance

How has Westport Fuel Systems 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


67.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WPRT has a high level of non-cash earnings.

Growing Profit Margin: WPRT's current net profit margins (7.8%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: WPRT has become profitable over the past 5 years, growing earnings by 67.3% per year.

Accelerating Growth: WPRT's earnings growth over the past year (411.6%) exceeds its 5-year average (67.3% per year).

Earnings vs Industry: WPRT earnings growth over the past year (411.6%) exceeded the Machinery industry 25.7%.


Return on Equity

High ROE: WPRT's Return on Equity (10%) is considered low.


Discover strong past performing companies

Financial Health

How is Westport Fuel Systems's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WPRT's short term assets ($321.8M) exceed its short term liabilities ($134.0M).

Long Term Liabilities: WPRT's short term assets ($321.8M) exceed its long term liabilities ($82.7M).


Debt to Equity History and Analysis

Debt Level: WPRT has more cash than its total debt.

Reducing Debt: WPRT's debt to equity ratio has reduced from 104.5% to 24.6% over the past 5 years.

Debt Coverage: WPRT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if WPRT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Discover healthy companies

Dividend

What is Westport Fuel Systems's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate WPRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WPRT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WPRT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WPRT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WPRT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

David Johnson (54 yo)

3.42yrs

Tenure

US$2,561,510

Compensation

Mr. David M. Johnson has been the Chief Executive Officer & Director at Westport Fuel Systems Inc. since January 15, 2019. Mr. Johnson joined Westport Fuel Systems having served for ten years as President...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD2.56M) is above average for companies of similar size in the Canadian market ($USD750.10K).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: WPRT's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: WPRT's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WPRT 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

Westport Fuel Systems Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Westport Fuel Systems Inc.
  • Ticker: WPRT
  • Exchange: TSX
  • Founded: 1995
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: CA$220.828m
  • Shares outstanding: 171.18m
  • Website: https://wfsinc.com

Number of Employees


Location

  • Westport Fuel Systems Inc.
  • 1750 West 75th Avenue
  • Suite 101
  • Vancouver
  • British Columbia
  • V6P 6G2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 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.