NOT FOR DISTRIBUTION
Header cover image

WestBond Enterprises

Market Cap

CA$28.5m

Last Updated

2021/04/22 06:38 UTC

Data Sources

Company Financials

Executive Summary

WestBond Enterprises Corporation, together with its subsidiary WestBond Industries Inc., manufactures and sells disposable paper products for medical, hygienic, and industrial uses in Canada and the United States. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.

Share Price & News

How has WestBond Enterprises's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WBE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: WBE's weekly volatility (12%) has been stable over the past year.


Market Performance


7 Day Return

6.7%

WBE

3.1%

CA Forestry

-0.7%

CA Market


1 Year Return

321.1%

WBE

215.2%

CA Forestry

42.1%

CA Market

Return vs Industry: WBE exceeded the Canadian Forestry industry which returned 210.6% over the past year.

Return vs Market: WBE exceeded the Canadian Market which returned 39.1% over the past year.


Shareholder returns

WBEIndustryMarket
7 Day6.7%3.1%-0.7%
30 Day-7.0%20.9%0.3%
90 Day-14.9%30.5%6.3%
1 Year329.6%321.1%218.7%215.2%46.8%42.1%
3 Year652.4%566.7%11.0%6.5%30.0%17.7%
5 Year685.1%595.7%99.0%86.4%56.0%32.6%

Long-Term Price Volatility Vs. Market

How volatile is WestBond Enterprises's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WBE (CA$0.8) is trading below our estimate of fair value (CA$2.06)

Significantly Below Fair Value: WBE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WBE is poor value based on its PE Ratio (11.1x) compared to the CA Forestry industry average (10x).

PE vs Market: WBE is good value based on its PE Ratio (11.1x) compared to the Canadian market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WBE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WBE is overvalued based on its PB Ratio (3.4x) compared to the CA Forestry industry average (1.7x).


Future Growth

How is WestBond Enterprises forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as WestBond Enterprises has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has WestBond Enterprises performed over the past 5 years?

54.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WBE has high quality earnings.

Growing Profit Margin: WBE's current net profit margins (17.9%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: WBE's earnings have grown significantly by 54.3% per year over the past 5 years.

Accelerating Growth: WBE's earnings growth over the past year (395%) exceeds its 5-year average (54.3% per year).

Earnings vs Industry: WBE earnings growth over the past year (395%) exceeded the Forestry industry 28.6%.


Return on Equity

High ROE: WBE's Return on Equity (30.6%) is considered high.


Financial Health

How is WestBond Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: WBE's short term assets (CA$4.9M) exceed its short term liabilities (CA$2.6M).

Long Term Liabilities: WBE's short term assets (CA$4.9M) do not cover its long term liabilities (CA$5.3M).


Debt to Equity History and Analysis

Debt Level: WBE's debt to equity ratio (23.3%) is considered satisfactory.

Reducing Debt: WBE's debt to equity ratio has reduced from 105.3% to 23.3% over the past 5 years.

Debt Coverage: WBE's debt is well covered by operating cash flow (159.5%).

Interest Coverage: WBE's interest payments on its debt are well covered by EBIT (15.2x coverage).


Balance Sheet


Dividend

What is WestBond Enterprises's current dividend yield, its reliability and sustainability?

10.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WBE's dividend (10%) is higher than the bottom 25% of dividend payers in the Canadian market (1.5%).

High Dividend: WBE's dividend (10%) is in the top 25% of dividend payers in the Canadian market (4.7%)


Stability and Growth of Payments

Stable Dividend: WBE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: WBE's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (3.5%), WBE's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

24.5yrs

Average board tenure


CEO

Gennaro Magistrale

no data

Tenure

CA$271,397

Compensation

Mr. Gennaro Magistrale serves as the President and Chief Executive Officer of Westbond Enterprises Corp and has been its Executive Director since October 24, 1989. Mr. Magistrale has over 25 years of exper...


CEO Compensation Analysis

Compensation vs Market: Gennaro's total compensation ($USD215.77K) is above average for companies of similar size in the Canadian market ($USD152.82K).

Compensation vs Earnings: Gennaro's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: WBE's board of directors are seasoned and experienced ( 24.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

WestBond Enterprises Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: WestBond Enterprises Corporation
  • Ticker: WBE
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: CA$28.501m
  • Shares outstanding: 35.63m
  • Website: https://www.westbond.ca

Location

  • WestBond Enterprises Corporation
  • 7403 Progress Way
  • Unit 101
  • Delta
  • British Columbia
  • V4G 1E7
  • Canada

Listings


Biography

WestBond Enterprises Corporation, together with its subsidiary WestBond Industries Inc., manufactures and sells disposable paper products for medical, hygienic, and industrial uses in Canada and the United...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/22 06:38
End of Day Share Price2021/04/21 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.