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Winpak

TSX:WPK
Snowflake Description

Flawless balance sheet with questionable track record.

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

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The last earnings update was 24 days ago. More info.


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WPK Share Price and Events
7 Day Returns
0.7%
TSX:WPK
-1.2%
CA Packaging
0.5%
CA Market
1 Year Returns
-12.2%
TSX:WPK
-18.6%
CA Packaging
0.9%
CA Market
WPK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Winpak (WPK) 0.7% -13.9% -8.5% -12.2% -14.3% 58.9%
CA Packaging -1.2% -10.7% 1.8% -18.6% 3.2% 112.7%
CA Market 0.5% 1.7% 14.2% 0.9% 17.2% 6.3%
1 Year Return vs Industry and Market
  • WPK outperformed the Packaging industry which returned -18.6% over the past year.
  • WPK underperformed the Market in Canada which returned 0.9% over the past year.
Price Volatility
WPK
Industry
5yr Volatility vs Market

Value

 Is Winpak 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 Winpak 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 Winpak.

TSX:WPK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
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:WPK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.867 (1 + (1- 26.5%) (0%))
0.911
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.911 * 5.96%)
7.38%

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

The calculations below outline how an intrinsic value for Winpak 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.

TSX:WPK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.38%)
2019 97.63 Analyst x3 90.93
2020 101.40 Analyst x3 87.95
2021 104.67 Est @ 3.23% 84.55
2022 107.65 Est @ 2.84% 80.98
2023 110.42 Est @ 2.57% 77.36
2024 113.06 Est @ 2.39% 73.77
2025 115.61 Est @ 2.25% 70.25
2026 118.11 Est @ 2.16% 66.84
2027 120.58 Est @ 2.1% 63.55
2028 123.06 Est @ 2.05% 60.40
Present value of next 10 years cash flows $756.57
TSX:WPK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $123.06 × (1 + 1.95%) ÷ (7.38% – 1.95%)
$2,310.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,310.91 ÷ (1 + 7.38%)10
$1,134.28
TSX:WPK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $756.57 + $1,134.28
$1,890.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,890.86 / 65.00
$29.09
TSX:WPK Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:WPK)
1.341
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $29.09 x 1.341
CA$39
Value per share (CAD) From above. CA$39.00
Current discount Discount to share price of CA$41.79
= -1 x (CA$41.79 - CA$39.00) / CA$39.00
-7.2%

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

  • The current share price of Winpak 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 Winpak's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Winpak's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:WPK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in USD $1.68
TSX:WPK Share Price ** TSX (2019-03-22) in CAD CA$41.79
TSX:WPK Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $31.17
Canada Packaging Industry PE Ratio Median Figure of 6 Publicly-Listed Packaging Companies 17.81x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.17x

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

** Primary Listing of Winpak.

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

= TSX:WPK Share Price ÷ EPS (both in USD)

= 31.17 ÷ 1.68

18.6x

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

  • Winpak is overvalued based on earnings compared to the CA Packaging industry average.
  • Winpak is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Winpak's expected growth come at a high price?
Raw Data
TSX:WPK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
4.3%per year
North America Packaging Industry PEG Ratio Median Figure of 18 Publicly-Listed Packaging Companies 1.8x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.6x ÷ 4.3%

4.37x

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

  • Winpak is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Winpak's assets?
Raw Data
TSX:WPK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in USD $14.16
TSX:WPK Share Price * TSX (2019-03-22) in CAD CA$41.79
TSX:WPK Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $31.17
Canada Packaging Industry PB Ratio Median Figure of 7 Publicly-Listed Packaging Companies 1.94x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.58x
TSX:WPK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:WPK Share Price ÷ Book Value per Share (both in USD)

= 31.17 ÷ 14.16

2.2x

* Primary Listing of Winpak.

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

  • Winpak is overvalued based on assets compared to the CA Packaging industry average.
X
Value checks
We assess Winpak'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 Packaging 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 Packaging industry average (and greater than 0)? (1 check)
  5. Winpak 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 Winpak expected to perform in the next 1 to 3 years based on estimates from 6 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
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Winpak expected to grow at an attractive rate?
  • Winpak's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Winpak's earnings growth is positive but not above the Canada market average.
  • Winpak's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:WPK Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:WPK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 4.3%
TSX:WPK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.5%
Canada Packaging Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Canada Packaging Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:WPK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:WPK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 918 168 119 6
2019-12-31 901 168 116 6
2018-12-31 896 126 6
TSX:WPK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-30 890 130 109
2018-09-30 890 132 122
2018-07-01 888 131 119
2018-04-01 880 124 117
2017-12-31 887 138 119
2017-10-01 880 137 108
2017-07-02 866 154 107
2017-04-02 853 145 106
2016-12-25 823 126 104
2016-09-25 813 134 103
2016-06-26 802 128 102
2016-03-27 796 144 103

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Winpak's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Winpak's revenue is expected to grow by 1.5% 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:WPK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Winpak Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WPK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.81 1.88 1.74 5.00
2019-12-31 1.74 1.78 1.71 5.00
2018-12-31 1.72 1.75 1.69 4.00
TSX:WPK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-30 1.68
2018-09-30 1.87
2018-07-01 1.84
2018-04-01 1.80
2017-12-31 1.84
2017-10-01 1.67
2017-07-02 1.64
2017-04-02 1.64
2016-12-25 1.61
2016-09-25 1.59
2016-06-26 1.56
2016-03-27 1.59

*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.
  • Winpak is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Winpak'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.
Winpak has a total score of 1/6, 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 Winpak 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 Winpak's growth in the last year to its industry (Packaging).
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.
  • Winpak's year on year earnings growth rate has been positive over the past 5 years.
  • Winpak's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Winpak's 1-year earnings growth is negative, it can't be compared to the CA Packaging industry average.
Earnings and Revenue History
Winpak'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 Winpak Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WPK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-30 889.64 108.92 101.72 16.64
2018-09-30 889.83 121.87 98.61 16.23
2018-07-01 887.53 119.40 99.32 16.02
2018-04-01 880.09 117.11 99.43 15.90
2017-12-31 886.77 119.30 100.59 15.60
2017-10-01 880.00 108.24 100.42 15.94
2017-07-02 866.35 106.91 98.87 16.24
2017-04-02 852.73 106.33 96.47 17.20
2016-12-25 822.53 104.34 92.92 17.17
2016-09-25 812.73 103.40 94.33 16.78
2016-06-26 801.76 101.67 93.40 16.23
2016-03-27 795.88 103.35 92.41 15.41
2015-12-27 797.17 99.25 93.46 15.36
2015-09-27 797.69 94.96 92.23 15.23
2015-06-28 796.95 92.10 92.81 14.67
2015-03-29 798.12 84.66 92.74 14.62
2014-12-28 786.75 78.36 91.26 14.28
2014-09-28 768.45 75.97 91.34 13.23
2014-06-29 755.39 73.88 90.68 13.53
2014-03-30 733.00 71.57 90.63 13.06
2013-12-29 714.87 71.40 90.16 13.10
2013-09-29 700.13 72.52 87.57 14.16
2013-06-30 685.61 71.94 85.23 13.99
2013-03-31 668.22 70.69 84.15 13.61
2012-12-30 670.08 71.26 84.34 13.93
2012-09-30 668.37 67.67 83.44 13.20
2012-07-01 673.64 65.30 82.78 13.22
2012-04-01 675.33 65.64 82.13 13.09

*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.
  • Winpak has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Winpak used its assets more efficiently than the CA Packaging industry average last year based on Return on Assets.
  • Winpak's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Winpak'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 Packaging 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.
Winpak has a total score of 2/6, 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 Winpak'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 Winpak's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Winpak is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Winpak's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Winpak'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.
  • High level of physical assets or inventory.
  • Winpak has no debt, it does not need to be covered by short term assets.
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 Winpak Company Filings, last reported 2 months ago.

TSX:WPK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-30 947.90 0.00 344.32
2018-09-30 922.70 0.00 323.53
2018-07-01 894.88 0.00 319.81
2018-04-01 867.92 0.00 303.89
2017-12-31 843.46 0.00 291.96
2017-10-01 805.82 0.00 263.31
2017-07-02 780.92 0.00 250.48
2017-04-02 755.06 0.00 231.69
2016-12-25 727.27 0.00 211.23
2016-09-25 698.05 0.00 197.72
2016-06-26 674.81 0.00 176.34
2016-03-27 650.87 0.00 169.50
2015-12-27 623.39 0.00 165.03
2015-09-27 595.10 0.00 210.43
2015-06-28 648.14 0.00 189.52
2015-03-29 621.82 0.00 162.47
2014-12-28 601.39 0.00 143.76
2014-09-28 584.66 0.00 130.44
2014-06-29 566.95 0.00 114.17
2014-03-30 548.64 0.00 112.84
2013-12-29 592.61 0.00 161.09
2013-09-29 560.85 0.00 141.84
2013-06-30 544.21 0.00 133.47
2013-03-31 529.55 0.00 129.25
2012-12-30 516.09 0.00 133.30
2012-09-30 498.57 0.00 120.26
2012-07-01 482.25 0.00 122.63
2012-04-01 469.37 0.00 123.28
  • Winpak has no debt.
  • Winpak has not taken on any debt in the past 5 years.
  • Winpak has no debt, it does not need to be covered by operating cash flow.
  • Winpak has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Winpak'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. Winpak has a total score of 6/6, 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 Winpak'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
0.29%
Current annual income from Winpak dividends.
If you bought CA$2,000 of Winpak shares you are expected to receive CA$6 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?
  • Winpak's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.05%).
  • Winpak's dividend is below the markets top 25% of dividend payers in Canada (5.63%).
Upcoming dividend payment

Purchase Winpak on or before the 'Buy Limit' 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:WPK 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 6 Analyst Estimates (S&P Global) See Below
North America Packaging Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

TSX:WPK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31 0.08 1.00
TSX:WPK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.089 0.287
2018-12-11 0.088 0.254
2018-10-25 0.089 0.261
2018-07-26 0.091 0.251
2018-04-26 0.090 0.268
2017-12-13 0.092 0.258
2017-06-30 0.092 0.232
2017-04-27 0.087 0.205
2017-02-16 0.088 0.229
2016-12-08 0.088 0.258
2016-09-14 0.088 0.264
2016-04-20 1.225 3.532
2016-02-18 1.174 3.464
2015-12-03 1.108 3.657
2015-07-06 1.208 3.892
2015-04-24 0.095 0.308
2015-02-25 0.094 0.300
2014-12-10 0.095 0.347
2014-08-26 0.105 0.415
2014-05-23 0.109 0.445
2014-02-19 0.107 0.443
2013-12-11 0.107 0.513
2013-09-13 0.112 0.523
2013-04-24 0.113 0.623
2013-02-14 0.116 0.634
2012-12-04 0.119 0.769
2012-09-18 0.119 0.772
2012-04-25 0.115 0.769
2012-02-16 0.120 0.827
2011-12-02 0.115 0.975
2011-09-29 0.113 1.016
2011-04-28 0.116 1.035
2011-02-16 0.121 0.946
2010-12-02 0.118 0.982
2010-09-13 0.116 1.085
2010-04-20 0.111 1.228
2010-02-16 0.112 1.326
2009-12-04 0.112 1.429
2009-09-15 0.110 1.425
2009-04-22 0.097 1.708
2009-03-23 0.095 1.729

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

  • Winpak is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • Winpak is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Winpak's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Winpak's dividends as it is not paying a notable one for Canada.
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 Winpak's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Winpak afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Winpak has a total score of 0/6, 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 Winpak'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
Ilkka Suominen
COMPENSATION $99,271
CEO Bio

Mr. Ilkka Tapio Suominen serves as the Chief Executive Officer at Miriensis Oy and serves as the Vice President and Chief Financial Officer at Wihuri International Oy. Mr. Suominen has been a Director of Winpak Ltd. since September 13, 2010.

CEO Compensation
  • Ilkka's compensation has increased by more than 20% in the past year.
  • Ilkka's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Winpak management team in years:

1.6
Average Tenure
  • The average tenure for the Winpak management team is less than 2 years, this suggests a new team.
Management Team

Ilkka Suominen

TITLE
Director
COMPENSATION
$99K

Olivier Muggli

TITLE
President & CEO
COMPENSATION
$1M
TENURE
1.6 yrs

Larry Warelis

TITLE
VP & CFO
COMPENSATION
$465K
TENURE
1.8 yrs

James Holland

TITLE
President of Winpak Films Inc.
COMPENSATION
$478K
TENURE
1.8 yrs

Timothy Johnson

TITLE
Vice President
COMPENSATION
$452K

David Stacey

TITLE
Vice President
COMPENSATION
$622K

Mustafa Bilgen

TITLE
Vice President of Technology & Innovation
TENURE
0.2 yrs

Sharon Hooper

TITLE
Vice President of Human Resources
TENURE
1.5 yrs

D. Kemp

TITLE
Secretary
Board of Directors Tenure

Average tenure of the Winpak board of directors in years:

7.9
Average Tenure
  • The tenure for the Winpak board of directors is about average.
Board of Directors

Antti Aarnio-Wihuri

TITLE
Chairman of the Board
COMPENSATION
$229K

Ilkka Suominen

TITLE
Director
COMPENSATION
$99K
TENURE
8.5 yrs

Juha Hellgren

TITLE
Vice Chairman
COMPENSATION
$102K
AGE
60

Donald R. Chatterley

TITLE
Director
COMPENSATION
$102K
TENURE
12.9 yrs

Dayna Spiring

TITLE
Director
COMPENSATION
$100K
TENURE
2.9 yrs

Martti Aarnio-Wihuri

TITLE
Director
COMPENSATION
$97K
TENURE
7.9 yrs

Karen Albrechtsen

TITLE
Director
COMPENSATION
$99K
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • Winpak insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
04. Mar 19 Sell Petri Leskinen Individual 01. Mar 19 01. Mar 19 -5,000 CA$42.65 CA$-213,253
28. Dec 18 Sell Ilkka Suominen Individual 18. Dec 18 27. Dec 18 -11,500 CA$45.88 CA$-525,382
22. Dec 18 Sell Lilia Pagani Individual 19. Dec 18 19. Dec 18 -557 CA$46.08 CA$-25,667
22. Dec 18 Sell Timothy Johnson Individual 19. Dec 18 19. Dec 18 -3,000 CA$46.08 CA$-138,240
05. Sep 18 Buy Investorum Oy Company 27. Aug 18 27. Aug 18 123 CA$49.34 CA$6,068
15. Aug 18 Buy Investorum Oy Company 14. Aug 18 14. Aug 18 130 CA$48.57 CA$6,314
13. Aug 18 Buy Investorum Oy Company 09. Aug 18 09. Aug 18 150 CA$47.55 CA$7,132
X
Management checks
We assess Winpak'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. Winpak 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

What Winpak Ltd.'s (TSE:WPK) ROE Can Tell Us

Winpak has a ROE of 12%, based on the last twelve months. … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should Winpak (TSE:WPK) Be Disappointed With Their 55% Profit?

(TSE:WPK) shareholders have seen the share price descend 11% over the month. … During five years of share price growth, Winpak achieved compound earnings per share (EPS) growth of 8.8% per year. … This EPS growth is remarkably close to the 9.2% average annual increase in the share price.

Simply Wall St -

Is Winpak Ltd. (TSE:WPK) A Cash Cow?

(TSE:WPK) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … Free cash flow (FCF) is the amount of cash Winpak has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Winpak Ltd. (TSE:WPK): Financial Strength Analysis

However, history shows that overlooked mid-cap companies have performed better on a risk-adjusted manner than the smaller and larger segment of the market. … WPK’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Why Winpak Ltd.’s (TSE:WPK) Return On Capital Employed Is Impressive

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Could The Winpak Ltd. (TSE:WPK) Ownership Structure Tell Us Something Useful?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … We can zoom in on the different ownership groups, to learn more about WPK

Simply Wall St -

Why Winpak Ltd’s (TSE:WPK) Cash Is A Factor You Need To Consider

Today we will examine Winpak’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … What is free cash flow. … Winpak’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

Does Winpak Ltd's (TSE:WPK) Past Performance Indicate A Stronger Future?

In this article, I will take a look at Winpak Ltd's (TSE:WPK) most recent earnings update (30 September 2018) and compare these latest figures against its performance over the past few years, along with how the rest of WPK's industry performed. … Did WPK's recent earnings growth beat the long-term trend and the industry. … WPK's trailing twelve-month earnings (from 30 September 2018) of US$122m has.

Simply Wall St -

Intrinsic Calculation For Winpak Ltd (TSE:WPK) Shows Investors Are Overpaying

In this article I am going to calculate the intrinsic value of Winpak Ltd (TSE:WPK). … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

All You Need To Know About Winpak Ltd's (TSE:WPK) Financial Health

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Winpak Ltd (TSE:WPK) with a market-capitalization of CA$3.0b, rarely draw their attention. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … WPK’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns.

Simply Wall St -

Company Info

Description

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company operates through three segments: Rigid Packaging and Flexible Lidding, Flexible Packaging, and Packaging Machinery. The company offers medical packaging products, including thermoforming films, pre-made cups, lidding films, die-cut lids, pouches, central supply room wraps and draping films, and packaging machinery; pharmaceutical packaging products, such as blister foils, pouch stock products, child-resistant blister lidding products, and cold form laminates; and laminations for pouches and lidding applications for personal care products, such as cosmetics, skin creams, and shampoos. It also provides rigid plastic packaging products comprising rigid plastic cups, trays, and sheets, as well as custom plastic containers; and flexible packaging products, including barrier shrink bags, modified atmosphere packaging products, rollstock and specialty films, zipper stand-up pouches, and vacuum pouches, as well as paper/poly/foil laminated rollstock products for various flexible food applications. In addition, the company designs and manufactures pouch and cup packaging machines, as well as packaging systems and replacement parts; and offers flexible lidding packaging products to the food, dairy, beverage, healthcare, and industrial markets. The company was incorporated in 1975 and is headquartered in Winnipeg, Canada.

Details
Name: Winpak Ltd.
WPK
Exchange: TSX
Founded: 1975
CA$2,716,350,000
65,000,000
Website: http://www.winpak.com
Address: Winpak Ltd.
100 Saulteaux Crescent,
Winnipeg,
Manitoba, R3J 3T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WPK Common Shares The Toronto Stock Exchange CA CAD 28. Aug 1986
OTCPK WIPK.F Common Shares Pink Sheets LLC US USD 28. Aug 1986
DB 25W Common Shares Deutsche Boerse AG DE EUR 28. Aug 1986
Number of employees
Current staff
Staff numbers
2,400
Winpak employees.
Industry
Metal and Glass Containers
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:44
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/05
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/30
Last annual earnings reported: 2018/12/30


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.