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WSP Global

TSX:WSP
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WSP
TSX
CA$7B
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

WSP Global Inc. operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The last earnings update was 9 days ago. More info.


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WSP Share Price and Events
7 Day Returns
-4.6%
TSX:WSP
-5.1%
CA Construction
-2.5%
CA Market
1 Year Returns
0.5%
TSX:WSP
-32.4%
CA Construction
-4.7%
CA Market
WSP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WSP Global (WSP) -4.6% -5.1% -4.3% 0.5% 60.6% 92.6%
CA Construction -5.1% -15.6% -16% -32.4% -23.7% -20.9%
CA Market -2.5% -3.5% -3.9% -4.7% 2.5% -4.4%
1 Year Return vs Industry and Market
  • WSP outperformed the Construction industry which returned -32.4% over the past year.
  • WSP outperformed the Market in Canada which returned -4.7% over the past year.
Price Volatility
WSP
Industry
5yr Volatility vs Market

Value

 Is WSP Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of WSP Global to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for WSP Global.

TSX:WSP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:WSP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.018 (1 + (1- 26.5%) (36.71%))
1.196
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.196 * 5.96%)
9.08%

Discounted Cash Flow Calculation for TSX:WSP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for WSP Global is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:WSP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.08%)
2020 510.59 Analyst x7 468.09
2021 458.73 Analyst x3 385.56
2022 417.00 Analyst x1 321.31
2023 432.00 Analyst x1 305.17
2024 416.05 Est @ -3.69% 269.44
2025 407.73 Est @ -2% 242.08
2026 404.40 Est @ -0.82% 220.12
2027 404.46 Est @ 0.01% 201.83
2028 406.85 Est @ 0.59% 186.13
2029 410.92 Est @ 1% 172.35
Present value of next 10 years cash flows CA$2,772.09
TSX:WSP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$410.92 × (1 + 1.95%) ÷ (9.08% – 1.95%)
CA$5,874.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$5,874.97 ÷ (1 + 9.08%)10
CA$2,464.05
TSX:WSP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$2,772.09 + CA$2,464.05
CA$5,236.14
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$5,236.14 / 105.34
CA$49.71
TSX:WSP Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$49.71
Current discount Discount to share price of CA$70.62
= -1 x (CA$70.62 - CA$49.71) / CA$49.71
-42.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of WSP Global is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for WSP Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WSP Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:WSP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-29) in CAD CA$2.70
TSX:WSP Share Price ** TSX (2019-08-16) in CAD CA$70.62
Canada Construction Industry PE Ratio Median Figure of 5 Publicly-Listed Construction Companies 22.28x
Canada Market PE Ratio Median Figure of 534 Publicly-Listed Companies 13.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of WSP Global.

TSX:WSP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:WSP Share Price ÷ EPS (both in CAD)

= 70.62 ÷ 2.70

26.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WSP Global is overvalued based on earnings compared to the CA Construction industry average.
  • WSP Global is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does WSP Global's expected growth come at a high price?
Raw Data
TSX:WSP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
14.3%per year
North America Construction Industry PEG Ratio Median Figure of 24 Publicly-Listed Construction Companies 0.88x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

TSX:WSP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.12x ÷ 14.3%

1.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WSP Global is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on WSP Global's assets?
Raw Data
TSX:WSP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-29) in CAD CA$30.81
TSX:WSP Share Price * TSX (2019-08-16) in CAD CA$70.62
Canada Construction Industry PB Ratio Median Figure of 9 Publicly-Listed Construction Companies 1.82x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.43x
TSX:WSP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:WSP Share Price ÷ Book Value per Share (both in CAD)

= 70.62 ÷ 30.81

2.29x

* Primary Listing of WSP Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WSP Global is overvalued based on assets compared to the CA Construction industry average.
X
Value checks
We assess WSP Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. WSP Global has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is WSP Global expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WSP Global expected to grow at an attractive rate?
  • WSP Global's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • WSP Global's earnings growth is expected to exceed the Canada market average.
  • WSP Global's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:WSP Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:WSP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 14.3%
TSX:WSP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 1.9%
Canada Construction Industry Earnings Growth Rate Market Cap Weighted Average 42.5%
Canada Construction Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:WSP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:WSP Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,806 1
2022-12-31 7,527 1
2021-12-31 7,256 950 391 4
2020-12-31 7,227 751 406 13
2019-12-31 6,894 647 338 12
TSX:WSP Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-29 8,457 723 283
2019-03-30 8,171 637 262
2018-12-31 7,908 670 248
2018-09-29 7,819 663 235
2018-06-30 7,528 441 220
2018-03-31 7,219 433 215
2017-12-31 6,942 395 213
2017-09-30 6,786 369 239
2017-07-01 6,702 340 230
2017-04-01 6,531 383 219
2016-12-31 6,380 387 199
2016-09-24 6,241 301 158

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • WSP Global's earnings are expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).
  • WSP Global's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:WSP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from WSP Global Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WSP Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.56 3.56 3.56 1.00
2020-12-31 3.82 4.36 3.41 5.00
2019-12-31 3.21 3.50 3.00 5.00
TSX:WSP Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-29 2.70
2019-03-30 2.51
2018-12-31 2.38
2018-09-29 2.27
2018-06-30 2.13
2018-03-31 2.09
2017-12-31 2.08
2017-09-30 2.33
2017-07-01 2.25
2017-04-01 2.16
2016-12-31 1.97
2016-09-24 1.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • WSP Global is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess WSP Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
WSP Global has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has WSP Global performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare WSP Global's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • WSP Global has delivered over 20% year on year earnings growth in the past 5 years.
  • WSP Global's 1-year earnings growth exceeds its 5-year average (28.8% vs 20.8%)
  • WSP Global's earnings growth has exceeded the North America Construction industry average in the past year (28.8% vs 4.6%).
Earnings and Revenue History
WSP Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from WSP Global Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WSP Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-29 8,456.80 283.30 258.90
2019-03-30 8,171.00 262.00 258.90
2018-12-31 7,908.10 248.10 258.90
2018-09-29 7,818.50 235.10 248.30
2018-06-30 7,527.70 220.00 117.80
2018-03-31 7,219.00 215.40 170.20
2017-12-31 6,942.20 213.30 227.80
2017-09-30 6,786.30 239.00 227.40
2017-07-01 6,702.00 229.70 222.80
2017-04-01 6,530.50 219.10 226.60
2016-12-31 6,379.60 199.10 226.80
2016-09-24 6,241.30 157.80 227.80
2016-06-25 6,191.80 144.90 224.90
2016-03-26 6,143.30 188.10 219.60
2015-12-31 6,064.00 188.80 215.00
2015-09-26 5,562.00 166.20 200.00
2015-06-27 4,689.70 144.90 228.30
2015-03-28 3,795.00 73.80 177.40
2014-12-31 2,902.40 62.80 124.20
2014-09-27 2,274.70 88.60 82.30
2014-06-28 2,134.50 81.60
2014-03-29 2,048.40 74.50
2013-12-31 2,016.00 71.70
2013-09-28 2,002.10 76.90
2013-06-29 1,907.70 70.90
2013-03-30 1,572.50 50.80
2012-12-31 1,257.50 46.30
2012-09-29 913.00 33.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • WSP Global has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • WSP Global used its assets more efficiently than the CA Construction industry average last year based on Return on Assets.
  • WSP Global has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess WSP Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
WSP Global has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is WSP Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up WSP Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WSP Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • WSP Global's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of WSP Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from WSP Global Company Filings, last reported 1 month ago.

TSX:WSP Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-29 3,236.10 1,651.70 252.80
2019-03-30 3,238.40 1,552.90 219.70
2018-12-31 3,259.70 1,524.70 254.70
2018-09-29 3,109.60 1,078.30 173.90
2018-06-30 3,106.80 1,280.10 153.40
2018-03-31 3,078.30 1,265.00 192.60
2017-12-31 2,959.00 1,229.90 185.10
2017-09-30 2,917.20 1,164.00 180.70
2017-07-01 2,924.10 1,144.40 222.40
2017-04-01 2,900.40 1,096.40 231.70
2016-12-31 2,860.50 1,082.10 230.80
2016-09-24 2,828.90 1,081.90 177.70
2016-06-25 2,781.10 1,060.40 218.00
2016-03-26 2,813.80 1,025.80 207.90
2015-12-31 2,911.70 1,012.90 204.10
2015-09-26 2,806.70 720.50 218.10
2015-06-27 2,337.20 962.90 235.60
2015-03-28 2,250.00 1,068.50 187.00
2014-12-31 2,149.00 845.40 201.50
2014-09-27 1,260.40 331.90 77.70
2014-06-28 1,258.50 325.30 103.10
2014-03-29 995.70 241.10 99.90
2013-12-31 973.60 242.10 131.90
2013-09-28 949.40 240.40 83.00
2013-06-29 938.50 252.80 100.50
2013-03-30 926.50 252.50 92.60
2012-12-31 919.10 254.80 127.70
2012-09-29 900.60 269.00 61.50
  • WSP Global's level of debt (51%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.9% vs 51% today).
  • Debt is well covered by operating cash flow (43.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess WSP Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. WSP Global has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is WSP Global's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.12%
Current annual income from WSP Global dividends. Estimated to be 2.12% next year.
If you bought CA$2,000 of WSP Global shares you are expected to receive CA$42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • WSP Global's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
  • WSP Global's dividend is below the markets top 25% of dividend payers in Canada (6%).
Upcoming dividend payment

Purchase WSP Global before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:WSP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Canada Construction Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.9%
Canada Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:WSP Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.50 4.00
2019-12-31 1.50 4.00
TSX:WSP Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-14 1.500 2.073
2018-11-08 1.500 2.245
2018-05-10 1.500 2.165
2018-03-15 1.500 2.464
2017-11-08 1.500 2.530
2017-08-09 1.500 2.857
2017-05-10 1.500 2.924
2017-03-01 1.500 3.127
2016-11-08 1.500 3.261
2016-05-10 1.500 3.618
2015-10-29 1.500 3.679
2015-08-25 1.500 3.359
2015-05-12 1.500 3.516
2015-03-18 1.500 3.502
2014-11-11 1.500 4.225
2014-08-06 1.500 4.289
2014-05-13 1.500 4.002
2014-03-12 1.500 4.089
2013-11-06 1.500 4.626
2013-08-08 1.500 5.642
2013-05-08 1.500 6.141
2013-03-13 1.500 6.250
2012-11-07 1.500 7.071
2012-05-09 1.500 6.652
2012-03-26 1.500 5.763
2011-11-09 1.500 5.689
2011-08-10 2.050 8.630
2011-05-24 2.050 7.642
2011-03-16 2.050 6.742
2010-04-16 2.050 7.244
2010-03-22 1.950 6.923
2010-02-17 1.950 7.045
2010-01-20 1.950 7.360
2009-12-18 1.950 7.151
2009-11-19 1.950 7.319
2009-10-21 1.950 7.484
2009-09-21 1.950 7.466
2009-08-20 1.950 7.638
2009-07-22 1.950 8.074
2009-06-18 1.950 8.009
2009-05-20 1.950 7.637
2009-04-21 1.950 8.206
2009-03-20 1.950 8.634
2009-02-18 1.950 9.137
2009-01-21 1.950 8.159
2008-12-17 1.950 8.236
2008-11-19 1.500 7.286
2008-10-22 1.500 7.836
2008-09-19 1.500 7.365
2008-08-20 1.500 5.906

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of WSP Global's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess WSP Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can WSP Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WSP Global has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of WSP Global's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alexandre L'Heureux
COMPENSATION CA$6,542,230
AGE 46
TENURE AS CEO 2.8 years
CEO Bio

Mr. Alexandre J. L'Heureux, FCA, CFA, FCPA, serves as the Chief Executive Officer and President of WSP Global Inc. since October 2016. Mr. L'Heureux has also a Partner at Celtic Pharma Management L.P. He was a Partner and Chief Financial Officer at Celtic Therapeutics LLP. He served as Chief Financial Officer of WSP Global Inc. from July 01, 2010 to October 2016. Mr. L’Heureux developed an extensive knowledge of the alternative investments industry as the Vice President of Operations at BISYS Hedge Fund Services (BISYS). He joined BISYS in 1999 and while working at firm, specialized in the administration and operations management of renowned offshore and onshore United States and European Hedge Funds. His responsibilities at BISYS included the management of the fund administration, transfer agency, investor relations, accounting and valuation functions of hedge funds totaling $14 billion in assets under management. Prior to joining Celtic Pharma in 2005, he built a track record of success in assisting with numerous hedge fund launches and the establishment of their operations. At the beginning of his career, Mr. L’Heureux worked in the Certification and Consulting Services Department at Deloitte & Touche, where he completed several acquisition assignments in various industries. He is a Canadian citizen residing in Bermuda and is a member of the Canadian Institute of Chartered Accountants and the Chartered Financial Analysts Institute. He has been Director of WSP Global Inc. since May 19, 2016. Mr. L'Heureux is a C.F.A. and earned a Bachelor’s degree in Finance and Accounting with a minor in Economics at the University of Quebec in Montreal.

CEO Compensation
  • Alexandre's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alexandre's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the WSP Global management team in years:

2.8
Average Tenure
  • The tenure for the WSP Global management team is about average.
Management Team

Alexandre L'Heureux

TITLE
President
COMPENSATION
CA$7M
AGE
46
TENURE
2.8 yrs

Bruno Roy

TITLE
Chief Financial Officer
COMPENSATION
CA$3M
TENURE
2.8 yrs

Paul Dollin

TITLE
Chief Operating Officer
COMPENSATION
CA$3M
TENURE
5.3 yrs

Greg Kelly

TITLE
President & CEO of USA
COMPENSATION
CA$2M

Guy Templeton

TITLE
President and CEO of Australia & New Zealand
COMPENSATION
CA$2M

David Langlois

TITLE
Chief Accounting and Treasury Officer

Gino Poulin

TITLE
Chief Information Officer
TENURE
1.6 yrs

Isabelle Adjahi

TITLE
Senior Vice President of Investor Relations & Communications
TENURE
4.6 yrs

Julianna Fox

TITLE
Chief Ethics and Compliance Officer
TENURE
1.4 yrs

Philippe Fortier

TITLE
Chief Legal Officer
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the WSP Global board of directors in years:

3.3
Average Tenure
59
Average Age
  • The tenure for the WSP Global board of directors is about average.
Board of Directors

Chris Cole

TITLE
Chairman
COMPENSATION
CA$357K
AGE
73

Alexandre L'Heureux

TITLE
President
COMPENSATION
CA$7M
AGE
46
TENURE
3.3 yrs

Pierre Shoiry

TITLE
Vice Chairman of the Board
COMPENSATION
CA$311K
AGE
62
TENURE
3.4 yrs

Louis-Philippe Carrière

TITLE
Director
COMPENSATION
CA$195K
AGE
58
TENURE
2.3 yrs

Linda Galipeau

TITLE
Director
AGE
56
TENURE
0.6 yrs

Birgit Nørgaard

TITLE
Director
COMPENSATION
CA$180K
AGE
61
TENURE
6.3 yrs

Suzanne Rancourt

TITLE
Director
COMPENSATION
CA$180K
AGE
60
TENURE
3.3 yrs

Paul Raymond

TITLE
Director
AGE
55
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by WSP Global individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
14. Aug 19 Buy Paul Raymond Individual 13. Aug 19 13. Aug 19 1,000 CA$72.40 CA$72,400
X
Management checks
We assess WSP Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. WSP Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought WSP Global (TSE:WSP) Shares Five Years Ago You'd Have Made 110%

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over half a decade, WSP Global managed to grow its earnings per share at 13% a year. … As well as measuring the share price return, investors should also consider the total shareholder return (TSR).

Simply Wall St -

Does WSP Global Inc.'s (TSE:WSP) CEO Pay Compare Well With Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … View our latest analysis for WSP Global How Does Alexandre L'Heureux's Compensation Compare With Similar Sized Companies? … is worth CA$7.8b, and total annual CEO compensation is CA$6.5m.

Simply Wall St -

I Built A List Of Growing Companies And WSP Global (TSE:WSP) Made The Cut

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like WSP Global (TSE:WSP). … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. … We would not expect to see insiders owning a large percentage of a CA$7.8b company like WSP Global.

Simply Wall St -

How Did WSP Global Inc.'s (TSE:WSP) 8.1% ROE Fare Against The Industry?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for WSP Global: 8.1% = CA$262m ÷ CA$3.2b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does WSP Global Have A Good Return On Equity? … Combining WSP Global's Debt And Its 8.1% Return On Equity While WSP Global does have some debt, with debt to equity of just 0.48, we wouldn't say debt is excessive.

Simply Wall St -

Are WSP Global Inc.'s (TSE:WSP) Interest Costs Too High?

With this growth in debt, the current cash and short-term investment levels stands at CA$220m , ready to be used for running the business. … On top of this, WSP has produced CA$637m in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 24%, meaning that WSP’s debt is appropriately covered by operating cash. … Next Steps: WSP’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Is There More To WSP Global Inc. (TSE:WSP) Than Its 7.8% Returns On Capital?

Finally, we'll look at how its current liabilities affect its ROCE. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for WSP Global: 0.078 = CA$474m ÷ (CA$8.6b - CA$2.5b) (Based on the trailing twelve months to March 2019.) Therefore, WSP Global has an ROCE of 7.8%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Do Directors Own WSP Global Inc. (TSE:WSP) Shares?

Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … View our latest analysis for WSP Global TSX:WSP Ownership Summary, May 22nd 2019 What Does The Institutional Ownership Tell Us About WSP Global? … Insider Ownership Of WSP Global While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Could WSP Global Inc. (TSE:WSP) Have The Makings Of Another Dividend Aristocrat?

Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1 … TSX:WSP Historical Dividend Yield, May 4th 2019

Simply Wall St -

If You Had Bought WSP Global (TSE:WSP) Shares Five Years Ago You'd Have Made 90%

(TSE:WSP) shareholders have enjoyed a 90% share price rise over the last half decade, well in excess of the market return of around 5.3% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, WSP Global achieved compound earnings per share (EPS) growth of 11% per year.

Simply Wall St -

What Should Investors Know About WSP Global Inc.'s (TSE:WSP) Earnings Trend?

WSP Global Inc.'s (TSE:WSP) announced its latest earnings update in December 2018, whicha … indicated

Simply Wall St -

Company Info

Description

WSP Global Inc. operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners. It also provides structural and mechanical, electrical, and plumbing engineering services; and fire engineering, lighting design, vertical transportation, acoustics, smart buildings, audiovisual systems, information technology, facade engineering, security consulting, and green building design services. In addition, the company works with and advises businesses and governments in various areas of environmental consultancy. Further, it provides long-term operational management support services comprising first feasibility studies; advisory services, which comprise technical, financial, and environmental issues, as well as engineering design and energy simulations during the construction phase. Additionally, the company plans, designs, and supports the development of pipelines and gas networks; and offers services to maintain the integrity of critical assets, and obtain permits and consent for clients in the mining, and oil and gas industries. It also provides a range of consulting and engineering services, such as strategic studies, concept design, and productivity analysis, as well as engineering, procurement, and construction management contract services to the food and beverages, pharmaceutical and biotechnology, automotive, and chemicals industries. The company was formerly known as GENIVAR Inc. and changed its name to WSP Global Inc. in January 2014. WSP Global Inc. was founded in 1959 and is headquartered in Montréal, Canada.

Details
Name: WSP Global Inc.
WSP
Exchange: TSX
Founded: 1959
CA$7,439,106,915
105,339,945
Website: http://www.wsp.com
Address: WSP Global Inc.
1600, René-Lévesque Boulevard West,
16th Floor,
Montréal,
Quebec, H3H 1P9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WSP Common Shares The Toronto Stock Exchange CA CAD 25. May 2006
OTCPK WSPO.F Common Shares Pink Sheets LLC US USD 25. May 2006
DB 1W3 Common Shares Deutsche Boerse AG DE EUR 25. May 2006
Number of employees
Current staff
Staff numbers
49,000
WSP Global employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 00:17
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/12
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/29
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.