Executive Summary
WestBond Enterprises Corporation, together with its subsidiary, WestBond Industries Inc., manufactures and sells disposable paper products for medical, hygienic, and industrial uses primarily in Canada and the United States.
Snowflake Analysis
Proven track record with mediocre 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.0%
WBE
6.2%
CA Forestry
0.6%
CA Market
1 Year Return
29.4%
WBE
-9.0%
CA Forestry
5.8%
CA Market
Return vs Industry: WBE exceeded the Canadian Forestry industry which returned -9% over the past year.
Return vs Market: WBE exceeded the Canadian Market which returned 5.8% over the past year.
Shareholder returns
| WBE | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.0% | 6.2% | 0.6% |
| 30 Day | 4.8% | 3.5% | 0.5% |
| 90 Day | 33.3% | 3.1% | 3.6% |
| 1 Year | 36.8%29.4% | -7.1%-9.0% | 9.1%5.8% |
| 3 Year | 167.0%144.4% | 5.5%-1.9% | 15.4%5.0% |
| 5 Year | 220.4%193.3% | -11.6%-18.1% | 33.6%14.0% |
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
4 months ago | Simply Wall St
Here’s What WestBond Enterprises Corporation’s (CVE:WBE) Return On Capital Can Tell Us5 months ago | Simply Wall St
WestBond Enterprises (CVE:WBE) Shareholders Have Enjoyed A 79% Share Price Gain6 months ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And WestBond Enterprises (CVE:WBE) Passed With EaseValuation
Is WestBond Enterprises undervalued compared to its fair value and its price relative to the market?
16.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WBE (CA$0.22) is trading above our estimate of fair value (CA$0.2)
Significantly Below Fair Value: WBE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WBE is good value based on its PE Ratio (16.5x) compared to the Forestry industry average (16.7x).
PE vs Market: WBE is poor value based on its PE Ratio (16.5x) compared to the Canadian market (15.9x).
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 (1.3x) compared to the CA Forestry industry average (1.2x).
Next Steps
Future Growth
How is WestBond Enterprises forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
83.4%
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.
Next Steps
- Check out WestBond Enterprises's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- WestBond Enterprises competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has WestBond Enterprises performed over the past 5 years?
65.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WBE has high quality earnings.
Growing Profit Margin: WBE's current net profit margins (3.9%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: WBE has become profitable over the past 5 years, growing earnings by 65.2% per year.
Accelerating Growth: WBE's earnings growth over the past year (12.2%) is below its 5-year average (65.2% per year).
Earnings vs Industry: WBE earnings growth over the past year (12.2%) exceeded the Forestry industry -13.1%.
Return on Equity
High ROE: WBE's Return on Equity (8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is WestBond Enterprises's financial position?
Financial Position Analysis
Short Term Liabilities: WBE's short term assets (CA$2.8M) exceed its short term liabilities (CA$2.1M).
Long Term Liabilities: WBE's short term assets (CA$2.8M) do not cover its long term liabilities (CA$5.8M).
Debt to Equity History and Analysis
Debt Level: WBE's debt to equity ratio (50.6%) is considered high.
Reducing Debt: WBE's debt to equity ratio has increased from 2.8% to 50.6% over the past 5 years.
Debt Coverage: WBE's debt is well covered by operating cash flow (48.9%).
Interest Coverage: WBE's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Inventory Level: WBE has a high level of physical assets or inventory.
Debt Coverage by Assets: WBE's debt is covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is WestBond Enterprises's current dividend yield, its reliability and sustainability?
4.55%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WBE's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: WBE's dividend (4.55%) is low compared to the top 25% of dividend payers in the Canadian market (5.32%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether WBE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if WBE's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.1%), WBE's payments are 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?
23.3yrs
Average board tenure
CEO
Gennaro Magistrale 0
CA$259,782
Compensation
Mr. Gennaro Magistrale serves as the President and Chief Executive Officer of Westbond Enterprises Corp and has been its Executive Director since October 24, 1989. Mr. Magistrale has over 25 years of exper ...
CEO Compensation Analysis
Compensation vs Market: Gennaro's total compensation ($USD196.03K) is about average for companies of similar size in the Canadian market ($USD155.16K).
Compensation vs Earnings: Gennaro's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0yrs | CA$259.78k | 22.85% CA$1.8m | |
| CFO, Corporate Secretary | 30.3yrs | CA$89.68k | 8.56% CA$669.1k | |
| Independent Director | 16.8yrs | no data | 0.42% CA$33.0k | |
| Non-Independent Director | 23.3yrs | CA$11.33k | 1.15% CA$89.6k | |
| Independent Director | 6.7yrs | no data | 0.42% CA$33.0k |
23.3yrs
Average Tenure
Experienced Board: WBE's board of directors are seasoned and experienced ( 23.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WBE insiders have sold more shares than they have bought 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:
- Industry: Paper Products
- Sector: Materials
- Market Cap: CA$7.813m
- Shares outstanding: 35.52m
- Website: https://www.westbond.ca
Location
- WestBond Enterprises Corporation
- 7403 Progress Way
- Unit 101
- Delta
- British Columbia
- V4G 1E7
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WBE | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Feb 1992 |
Biography
WestBond Enterprises Corporation, together with its subsidiary, WestBond Industries Inc., manufactures and sells disposable paper products for medical, hygienic, and industrial uses primarily in Canada and the United States. The company offers personal hygiene products, such as jumbo roll and conventional bathroom tissues, center pull towels, kraft roll towels, and single fold towels; and long-term care products, including fold and roll air laid wipes, waterproof underlays, and mitts. It also provides clinical products, including sheets, drapes, examination table papers, gowns, aprons, chiropractor rolls, pillowcases, dental bibs, patient wipes, and dental head rest covers; and in-flight paper disposables consisting of pillowcases and lavatory hand towels. The company sells its products primarily to medical and industrial distributors, as well as to end-users on a direct basis. WestBond Enterprises Corporation is headquartered in Delta, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:07 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.