Reported Earnings • Jun 14
First quarter 2027 earnings released: EPS: CA$0.13 (vs CA$0.18 in 1Q 2026) First quarter 2027 results: EPS: CA$0.13 (down from CA$0.18 in 1Q 2026). Revenue: CA$37.2m (down 13% from 1Q 2026). Net income: CA$4.25m (down 25% from 1Q 2026). Profit margin: 11% (down from 13% in 1Q 2026). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Full year 2026 earnings released: EPS: CA$1.04 (vs CA$0.85 in FY 2025) Full year 2026 results: EPS: CA$1.04 (up from CA$0.85 in FY 2025). Revenue: CA$179.2m (down 13% from FY 2025). Net income: CA$33.3m (up 22% from FY 2025). Profit margin: 19% (up from 13% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Wall Financial Corporation, Annual General Meeting, Jun 12, 2026 Wall Financial Corporation, Annual General Meeting, Jun 12, 2026. Location: british columbia, vancouver Canada Upcoming Dividend • Feb 16
Upcoming dividend of CA$1.00 per share Eligible shareholders must have bought the stock before 23 February 2026. Payment date: 09 March 2026. Trailing yield: 6.0%. Within top quartile of Canadian dividend payers (5.5%). Higher than average of industry peers (1.0%). New Risk • Feb 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Feb 11
Wall Financial Corporation Declares Cash Dividend, Payable on or Before March 9, 2026 Wall Financial Corporation declared a cash dividend of $1.00 for each Common Share without par value in the capital of the Company to the holders of record of the Common Shares without par value on February 23, 2026 to be payable on or before March 9, 2026. Reported Earnings • Dec 14
Third quarter 2026 earnings released: EPS: CA$0.37 (vs CA$0.30 in 3Q 2025) Third quarter 2026 results: EPS: CA$0.37 (up from CA$0.30 in 3Q 2025). Revenue: CA$48.9m (down 8.6% from 3Q 2025). Net income: CA$12.0m (up 24% from 3Q 2025). Profit margin: 24% (up from 18% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Sep 12
Second quarter 2026 earnings released: EPS: CA$0.39 (vs CA$0.35 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.39 (up from CA$0.35 in 2Q 2025). Revenue: CA$51.7m (down 29% from 2Q 2025). Net income: CA$12.6m (up 11% from 2Q 2025). Profit margin: 24% (up from 16% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Aug 21
Wall Financial Corporation Appoints Lorne Burns as Independent Director Wall Financial Corporation announced that it has appointed a new independent director, Lorne Burns, to the Board of Directors. Mr. Burns brings a wealth of experience to the Company. He has served as an industry leader in Canadian real estate, finance, and business for over 39 years with one of the four largest audit, tax and advisory professional services firms in the world. Reported Earnings • Jun 13
First quarter 2026 earnings released: EPS: CA$0.18 (vs CA$0.10 in 1Q 2025) First quarter 2026 results: EPS: CA$0.18 (up from CA$0.10 in 1Q 2025). Revenue: CA$42.6m (up 19% from 1Q 2025). Net income: CA$5.68m (up 69% from 1Q 2025). Profit margin: 13% (up from 9.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$14.73, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 8x in the Real Estate industry in Canada. Total returns to shareholders of 30% over the past three years. Reported Earnings • May 07
Full year 2025 earnings released: EPS: CA$0.85 (vs CA$0.69 in FY 2024) Full year 2025 results: EPS: CA$0.85 (up from CA$0.69 in FY 2024). Revenue: CA$205.3m (up 32% from FY 2024). Net income: CA$27.4m (up 23% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 10
Wall Financial Corporation, Annual General Meeting, Jun 12, 2025 Wall Financial Corporation, Annual General Meeting, Jun 12, 2025. Location: british columbia, vancouver Canada Reported Earnings • Dec 14
Third quarter 2025 earnings released: EPS: CA$0.30 (vs CA$0.30 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.30 (down from CA$0.30 in 3Q 2024). Revenue: CA$53.6m (up 18% from 3Q 2024). Net income: CA$9.61m (down 1.6% from 3Q 2024). Profit margin: 18% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Sep 08
Second quarter 2025 earnings released: EPS: CA$0.35 (vs CA$0.28 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.35 (up from CA$0.28 in 2Q 2024). Revenue: CA$72.5m (up 62% from 2Q 2024). Net income: CA$11.4m (up 24% from 2Q 2024). Profit margin: 16% (down from 20% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 05
Wall Financial Corporation Announces Appointment of Peter Wall as Director WALL FINANCIAL CORPORATION announced that Peter Wall has been appointed to the board of directors . Mr. Wall is the Company's founder and controlling shareholder. The current number of directors is set at seven. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$22.50, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 9x in the Real Estate industry in Canada. Total returns to shareholders of 62% over the past three years. Reported Earnings • Jun 17
First quarter 2025 earnings released: EPS: CA$0.10 (vs CA$0.084 in 1Q 2024) First quarter 2025 results: EPS: CA$0.10 (up from CA$0.084 in 1Q 2024). Revenue: CA$35.8m (up 11% from 1Q 2024). Net income: CA$3.36m (up 23% from 1Q 2024). Profit margin: 9.4% (up from 8.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Oliver Borgers was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$22.35, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 16x in the Real Estate industry in Canada. Total returns to shareholders of 31% over the past three years. Announcement • Apr 13
Wall Financial Corporation, Annual General Meeting, Jun 13, 2024 Wall Financial Corporation, Annual General Meeting, Jun 13, 2024. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CA$19.05, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 16x in the Real Estate industry in Canada. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$22.06, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 14x in the Real Estate industry in Canada. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$23.42, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 12x in the Real Estate industry in Canada. Total returns to shareholders of 50% over the past three years. Reported Earnings • Dec 16
Third quarter 2024 earnings released: EPS: CA$0.30 (vs CA$0.22 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.30 (up from CA$0.22 in 3Q 2023). Revenue: CA$45.5m (up 14% from 3Q 2023). Net income: CA$9.77m (up 35% from 3Q 2023). Profit margin: 22% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Sep 16
Second quarter 2024 earnings released: EPS: CA$0.28 (vs CA$0.29 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.28 (down from CA$0.29 in 2Q 2023). Revenue: CA$44.9m (up 9.7% from 2Q 2023). Net income: CA$9.18m (down 1.5% from 2Q 2023). Profit margin: 20% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Jun 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 465% Cash payout ratio: 416% Earnings have declined by 18% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Reported Earnings • Jun 16
First quarter 2024 earnings released: EPS: CA$0.084 (vs CA$0.92 in 1Q 2023) First quarter 2024 results: EPS: CA$0.084 (down from CA$0.92 in 1Q 2023). Revenue: CA$32.2m (down 2.0% from 1Q 2023). Net income: CA$2.73m (down 91% from 1Q 2023). Profit margin: 8.5% (down from 91% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: CA$1.49 (vs CA$0.45 in FY 2022) Full year 2023 results: EPS: CA$1.49 (up from CA$0.45 in FY 2022). Revenue: CA$144.4m (down 40% from FY 2022). Net income: CA$48.2m (up 230% from FY 2022). Profit margin: 33% (up from 6.1% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CA$15.73, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 7x in the Real Estate industry in Canada. Total loss to shareholders of 45% over the past three years. Upcoming Dividend • Feb 09
Upcoming dividend of CA$3.00 per share Eligible shareholders must have bought the stock before 16 February 2023. Payment date: 03 March 2023. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 0.9%. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CA$18.80, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 7x in the Real Estate industry in Canada. Total loss to shareholders of 46% over the past three years. Announcement • Feb 04
Wall Financial Corporation Announces Dividends, Payable on or Before March 3, 2023 Wall Financial Corporation announced on February 3, 2023, the Directors of Wall Financial Corporation declared a cash dividend of $3.00 for each Common Share without par value in the capital of the Company (the aggregate of the dividend being $97,360,095) to the holders of record of the Common Shares without par value on February 17, 2023 to be payable on or before March 3, 2023. Reported Earnings • Dec 15
Third quarter 2023 earnings released: EPS: CA$0.22 (vs CA$0.053 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.22 (up from CA$0.053 in 3Q 2022). Revenue: CA$39.8m (up 32% from 3Q 2022). Net income: CA$7.23m (up 323% from 3Q 2022). Profit margin: 18% (up from 5.6% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 16% share price gain to CA$13.95, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 7x in the Real Estate industry in Canada. Total loss to shareholders of 41% over the past three years. Reported Earnings • Sep 14
Second quarter 2023 earnings released: EPS: CA$0.29 (vs CA$0.18 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.29 (up from CA$0.18 in 2Q 2022). Revenue: CA$40.9m (down 37% from 2Q 2022). Net income: CA$9.31m (up 59% from 2Q 2022). Profit margin: 23% (up from 9.1% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 15
First quarter 2023 earnings released: EPS: CA$0.92 (vs CA$0.19 in 1Q 2022) First quarter 2023 results: EPS: CA$0.92 (up from CA$0.19 in 1Q 2022). Revenue: CA$32.9m (down 72% from 1Q 2022). Net income: CA$30.0m (up 374% from 1Q 2022). Profit margin: 91% (up from 5.4% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Buying Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be CA$15.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 35% over the last 3 years. Earnings per share has declined by 79%. Announcement • Apr 16
Wall Financial Corporation, Annual General Meeting, Jun 14, 2022 Wall Financial Corporation, Annual General Meeting, Jun 14, 2022. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CA$0.45 (vs CA$0.016 in FY 2021) Full year 2022 results: EPS: CA$0.45 (up from CA$0.016 in FY 2021). Revenue: CA$241.0m (up 26% from FY 2021). Net income: CA$14.6m (up CA$14.1m from FY 2021). Profit margin: 6.1% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 16% share price gain to CA$16.98, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 12x in the Real Estate industry in Canada. Total loss to shareholders of 18% over the past three years. Reported Earnings • Dec 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: CA$0.053 (up from CA$0.003 loss in 3Q 2021). Revenue: CA$30.3m (up 50% from 3Q 2021). Net income: CA$1.71m (up CA$1.83m from 3Q 2021). Profit margin: 5.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 15
Second quarter 2022 earnings released: EPS CA$0.18 (vs CA$0.044 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: CA$64.4m (up 159% from 2Q 2021). Net income: CA$5.84m (up CA$7.35m from 2Q 2021). Profit margin: 9.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 17
First quarter 2022 earnings released: EPS CA$0.19 (vs CA$0.11 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: CA$117.1m (up 204% from 1Q 2021). Net income: CA$6.33m (up CA$10.2m from 1Q 2021). Profit margin: 5.4% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year. Reported Earnings • Apr 26
Full year 2021 earnings released: EPS CA$0.016 (vs CA$3.61 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: CA$191.6m (down 60% from FY 2020). Net income: CA$544.3k (down 100% from FY 2020). Profit margin: 0.3% (down from 26% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 03
New 90-day low: CA$15.25 The company is down 14% from its price of CA$17.70 on 02 December 2020. The Canadian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 19
New 90-day high: CA$18.75 The company is up 10.0% from its price of CA$17.00 on 18 September 2020. The Canadian market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 5.0% over the same period. Reported Earnings • Dec 14
Third quarter 2021 earnings released: CA$0.003 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2021 results: Revenue: CA$20.2m (down 62% from 3Q 2020). Net loss: CA$115.6k (down 101% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 20
New 90-day low: CA$16.00 The company is down 18% from its price of CA$19.49 on 22 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 15% over the same period.