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Westshore Terminals Investment

TSX:WTE
Snowflake Description

Good value with adequate balance sheet.

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

Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. The last earnings update was 37 days ago. More info.


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WTE Share Price and Events
7 Day Returns
0.1%
TSX:WTE
-0.2%
North America Infrastructure
0.6%
CA Market
1 Year Returns
-7.9%
TSX:WTE
-15.9%
North America Infrastructure
3.4%
CA Market
WTE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Westshore Terminals Investment (WTE) 0.1% 5.4% -6.4% -7.9% 14.6% -40.9%
North America Infrastructure -0.2% 3.5% -1.6% -15.9% -40.7% -28.2%
CA Market 0.6% 2.7% 8.3% 3.4% 15.7% 7.1%
1 Year Return vs Industry and Market
  • WTE outperformed the Infrastructure industry which returned -15.9% over the past year.
  • WTE underperformed the Market in Canada which returned 3.4% over the past year.
Price Volatility
WTE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Westshore Terminals Investment 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 Westshore Terminals Investment 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 Westshore Terminals Investment.

TSX:WTE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
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:WTE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.992 (1 + (1- 26.5%) (0%))
0.994
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.994 * 5.96%)
7.87%

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

The calculations below outline how an intrinsic value for Westshore Terminals Investment 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:WTE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.87%)
2019 108.05 Analyst x4 100.17
2020 134.86 Analyst x4 115.89
2021 151.20 Est @ 12.12% 120.45
2022 164.91 Est @ 9.07% 121.79
2023 176.34 Est @ 6.93% 120.72
2024 185.93 Est @ 5.44% 117.99
2025 194.09 Est @ 4.39% 114.18
2026 201.19 Est @ 3.66% 109.72
2027 207.51 Est @ 3.14% 104.91
2028 213.29 Est @ 2.78% 99.96
Present value of next 10 years cash flows CA$1,125.78
TSX:WTE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$213.29 × (1 + 1.95%) ÷ (7.87% – 1.95%)
CA$3,669.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$3,669.06 ÷ (1 + 7.87%)10
CA$1,719.54
TSX:WTE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1,125.78 + CA$1,719.54
CA$2,845.33
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2,845.33 / 66.70
CA$42.66
TSX:WTE Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$42.66
Current discount Discount to share price of CA$21.04
= -1 x (CA$21.04 - CA$42.66) / CA$42.66
50.7%

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

Current Discount
Amount off the current price Westshore Terminals Investment is available for.
Intrinsic value
>50%
Share price is CA$21.04 vs Future cash flow value of CA$42.66
Current Discount Checks
For Westshore Terminals Investment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Westshore Terminals Investment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Westshore Terminals Investment's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Westshore Terminals Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Westshore Terminals Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:WTE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$1.80
TSX:WTE Share Price ** TSX (2019-04-23) in CAD CA$21.04
North America Infrastructure Industry PE Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 30.48x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 14.88x

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

** Primary Listing of Westshore Terminals Investment.

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

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

= 21.04 ÷ 1.80

11.68x

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

  • Westshore Terminals Investment is good value based on earnings compared to the North America Infrastructure industry average.
  • Westshore Terminals Investment is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Westshore Terminals Investment's expected growth come at a high price?
Raw Data
TSX:WTE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
1.2%per year
Global Infrastructure Industry PEG Ratio Median Figure of 47 Publicly-Listed Infrastructure Companies 2.15x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.68x ÷ 1.2%

9.57x

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

  • Westshore Terminals Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Westshore Terminals Investment's assets?
Raw Data
TSX:WTE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$9.47
TSX:WTE Share Price * TSX (2019-04-23) in CAD CA$21.04
North America Infrastructure Industry PB Ratio Median Figure of 9 Publicly-Listed Infrastructure Companies 1.18x
Canada Market PB Ratio Median Figure of 2,380 Publicly-Listed Companies 1.51x
TSX:WTE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 21.04 ÷ 9.47

2.22x

* Primary Listing of Westshore Terminals Investment.

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

  • Westshore Terminals Investment is overvalued based on assets compared to the North America Infrastructure industry average.
X
Value checks
We assess Westshore Terminals Investment'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Westshore Terminals Investment has a total score of 4/6, 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 Westshore Terminals Investment expected to perform in the next 1 to 3 years based on estimates from 5 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
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Westshore Terminals Investment expected to grow at an attractive rate?
  • Westshore Terminals Investment's earnings growth is positive but not above the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Westshore Terminals Investment's earnings growth is positive but not above the Canada market average.
  • Westshore Terminals Investment's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:WTE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:WTE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 1.2%
TSX:WTE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.2%
North America Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 26.8%
Global Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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:WTE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:WTE Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 362 151 128 5
2019-12-31 347 141 116 5
TSX:WTE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 363 161 125
2018-09-30 354 144 119
2018-06-30 354 141 121
2018-03-31 347 143 119
2017-12-31 330 133 109
2017-09-30 337 145 116
2017-06-30 321 142 105
2017-03-31 309 130 101
2016-12-31 324 114 119
2016-09-30 342 161 139
2016-06-30 343 181 145
2016-03-31 362 179 153

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Westshore Terminals Investment's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • Westshore Terminals Investment's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:WTE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Westshore Terminals Investment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WTE Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 1.91 2.37 1.50 4.00
2019-12-31 1.77 1.92 1.52 4.00
TSX:WTE Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 1.80
2018-09-30 1.70
2018-06-30 1.70
2018-03-31 1.66
2017-12-31 1.51
2017-09-30 1.59
2017-06-30 1.43
2017-03-31 1.38
2016-12-31 1.62
2016-09-30 1.88
2016-06-30 1.97
2016-03-31 2.06

*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.
  • Westshore Terminals Investment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Westshore Terminals Investment'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 North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global 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.
Westshore Terminals Investment has a total score of 0/6, 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 Westshore Terminals Investment 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 Westshore Terminals Investment's growth in the last year to its industry (Infrastructure).
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.
  • Westshore Terminals Investment's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Westshore Terminals Investment's 1-year earnings growth exceeds its 5-year average (14% vs -3.4%)
  • Westshore Terminals Investment's earnings growth has exceeded the North America Infrastructure industry average in the past year (14% vs -34.8%).
Earnings and Revenue History
Westshore Terminals Investment'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 Westshore Terminals Investment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:WTE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 363.37 124.71 19.85
2018-09-30 354.10 118.86 19.08
2018-06-30 354.23 120.52 18.91
2018-03-31 347.37 118.98 19.01
2017-12-31 330.03 109.39 18.52
2017-09-30 337.38 116.04 19.19
2017-06-30 321.41 105.32 19.14
2017-03-31 308.81 101.40 18.83
2016-12-31 324.46 119.42 19.15
2016-09-30 341.86 138.96 18.54
2016-06-30 343.06 145.39 18.57
2016-03-31 361.67 152.61 18.89
2015-12-31 365.82 152.93 18.26
2015-09-30 330.27 124.34 17.88
2015-06-30 337.23 135.71 17.49
2015-03-31 329.92 135.02 17.19
2014-12-31 312.08 130.45 17.50
2014-09-30 320.23 138.63 16.93
2014-06-30 313.11 124.31 17.08
2014-03-31 306.83 128.31 16.66
2013-12-31 295.73 133.43 16.16
2013-09-30 272.94 119.16 16.87
2013-06-30 262.80 117.60 13.88
2013-03-31 249.58 93.53 13.94
2012-12-31 240.70 64.66 12.62
2012-09-30 240.80 60.81 10.01
2012-06-30 225.22 43.85 11.29

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Westshore Terminals Investment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Westshore Terminals Investment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Westshore Terminals Investment'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.
  • Westshore Terminals Investment 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 Westshore Terminals Investment Company Filings, last reported 3 months ago.

TSX:WTE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 637.51 0.00 50.05
2018-09-30 634.38 0.00 59.71
2018-06-30 625.08 0.00 47.59
2018-03-31 630.58 0.00 59.23
2017-12-31 629.14 0.00 68.52
2017-09-30 633.96 0.00 94.92
2017-06-30 615.10 0.00 89.00
2017-03-31 622.79 0.00 82.33
2016-12-31 625.72 0.00 90.76
2016-09-30 579.33 0.00 96.83
2016-06-30 568.40 0.03 78.89
2016-03-31 564.84 0.08 66.69
2015-12-31 543.94 0.00 97.95
2015-09-30 509.84 0.21 58.67
2015-06-30 516.08 0.23 55.07
2015-03-31 497.61 0.28 66.06
2014-12-31 497.74 0.05 85.64
2014-09-30 504.68 0.04 74.73
2014-06-30 486.63 0.04 51.78
2014-03-31 476.13 0.06 35.18
2013-12-31 475.27 0.00 61.41
2013-09-30 466.63 30.00 64.08
2013-06-30 456.17 30.00 37.85
2013-03-31 438.90 30.00 34.47
2012-12-31 434.03 30.00 43.87
2012-09-30 433.62 20.00 56.98
2012-06-30 63.02 391.25 53.98
  • Westshore Terminals Investment has no debt.
  • Westshore Terminals Investment had no debt 5 years ago.
  • Westshore Terminals Investment has no debt, it does not need to be covered by operating cash flow.
  • Westshore Terminals Investment has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Westshore Terminals Investment'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. Westshore Terminals Investment 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 Westshore Terminals Investment'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
3.04%
Current annual income from Westshore Terminals Investment dividends. Estimated to be 4.77% next year.
If you bought CA$2,000 of Westshore Terminals Investment shares you are expected to receive CA$61 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?
  • Westshore Terminals Investment's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.05%).
  • Westshore Terminals Investment's dividend is below the markets top 25% of dividend payers in Canada (5.51%).
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:WTE 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 5 Analyst Estimates (S&P Global) See Below
Global Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 3.9%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

TSX:WTE Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.40 1.00
2021-12-31 1.40 1.00
2020-12-31 1.14 5.00
2019-12-31 0.64 4.00
TSX:WTE Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.640 3.133
2018-12-18 0.640 2.950
2018-09-19 0.640 2.585
2018-06-19 0.640 2.519
2018-03-20 0.640 2.771
2017-12-20 0.640 2.615
2017-09-20 0.640 2.586
2017-06-20 0.640 2.780
2017-03-21 0.640 2.770
2016-12-19 0.640 2.422
2016-09-21 0.640 2.456
2016-06-21 0.640 3.211
2016-03-21 0.640 3.591
2015-10-28 0.640 4.429
2015-09-17 1.320 5.014
2015-06-15 1.320 4.690
2015-03-17 1.320 4.121
2014-12-16 1.320 4.145
2014-09-19 1.320 4.007
2014-06-17 1.320 3.880
2014-03-19 1.320 3.874
2013-03-21 0.965 3.071
2012-09-18 1.320 4.721
2012-06-19 0.760 2.988
2012-03-21 0.680 2.788
2012-01-16 0.540 2.204
2011-12-14 0.520 2.230
2011-09-14 0.640 2.770
2011-03-16 0.560 2.375
2010-12-15 1.775 7.637
2010-09-15 1.840 8.308
2010-06-16 1.640 8.970
2010-03-15 1.680 10.071
2009-12-16 1.240 8.339
2009-09-16 1.280 9.618
2009-06-16 1.120 9.310
2009-04-27 0.960 8.661

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%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Westshore Terminals Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Westshore Terminals Investment'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 Westshore Terminals Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Westshore Terminals Investment has a total score of 3/6, 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 Westshore Terminals Investment'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
William Stinson
COMPENSATION CA$0
AGE 84
CEO Bio

Mr. William W. Stinson serves as the President and Chief Executive Officer of Westshore Terminals Ltd. Mr. Stinson serves as the Chairman, Chief Executive Officer and President at Westshore Terminals Investment Corporation (also known as Westshore Terminals Income Fund). He served as the Chief Executive Officer of Canadian Pacific Ltd. from 1991 to 1996. He served as the President of Canadian Pacific Ltd from 1981 to 1985. He serves as the Chairman of Board of Trustees at Westshore Terminals Ltd. He served as Chairman at Canadian Pacific Ltd. from 1991 to 1996. He served as the Non-Executive Chairman of Sun Life Financial Inc. until February 25, 2005. He served as the Non-Executive Chairman of Sun Life Assurance Company of Canada from June 2003 to May 11, 2005. He served as the Chairman of Sun Life Assurance. He has been a Director of Westshore Terminals Investment Corporation since January 1997; Westshore Terminals Ltd, since January 1997. He had been Director of Canfor Pulp Holding Inc. from February 17, 2009 to April 23, 2012. He has been an Independent Director of Canfor Corp. since May 5, 2011 and Canfor Pulp Products Inc(CPPI) since 2009. He has been a Director of CHC Helicopter Corp. since 2003 and serves as its Lead Director. He serves as a Director at Sun Life Insurance & Annuity Co. of New York, Grant Forest Products Inc., and Massachusetts Financial Services Company. He served as a Director of Sun Life Assurance Co. of Canada (U.S.) since 1985 and Sun Life Assurance Company of Canada since 1985. He served as Lead Director of Sun Life Financial Inc. and served as its Director from 1985 to February 25, 2005. He served as a Director of ADT, LWT Ltd., PanCanadian Petroleum Limited, Keyport Life Insurance Co., and Western Star Trucks. Mr. Stinson served as a Director of United Dominion Industries Limited since 1986, Fording Inc since 2003 and Trustee of Fording Canadian Coal Trust since 2003.

CEO Compensation
  • William's compensation has been consistent with company performance over the past year.
  • William's remuneration is lower than average for companies of similar size in Canada.
Management Team

William Stinson

TITLE
Chairman
AGE
84

M. H. Ross

TITLE
CFO & Director
AGE
61
TENURE
8.3 yrs

Andrew MacDonell

TITLE
Manager of Operations

Nick Desmarais

TITLE
VP of Corporate Development

David Honsberger

TITLE
Director of Human Resources
Board of Directors Tenure

Average tenure and age of the Westshore Terminals Investment board of directors in years:

1.8
Average Tenure
63
Average Age
  • The average tenure for the Westshore Terminals Investment board of directors is less than 3 years, this suggests a new board.
Board of Directors

William Stinson

TITLE
Chairman
AGE
84

M. H. Ross

TITLE
CFO & Director
AGE
61
TENURE
22.3 yrs

Nick Desmarais

TITLE
VP of Corporate Development
TENURE
0.8 yrs

H. Hollands

TITLE
Director
AGE
65
TENURE
1.8 yrs

Glen Clark

TITLE
Independent Director
AGE
60
TENURE
5.8 yrs

Brian Canfield

TITLE
Independent Director
AGE
79
TENURE
6.8 yrs

Dianne Watts

TITLE
Director
AGE
58
TENURE
0.8 yrs

Steve Akazawa

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Westshore Terminals Investment insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. Mar 19 Buy Glenn Dudar Individual 21. Mar 19 21. Mar 19 6,000 CA$19.87 CA$119,175
21. Mar 19 Buy Glen Clark Individual 20. Mar 19 20. Mar 19 500 CA$19.24 CA$9,620
20. Mar 19 Buy William Stinson Individual 20. Mar 19 20. Mar 19 2,500 CA$19.25 CA$48,025
20. Mar 19 Buy Brian Canfield Individual 20. Mar 19 20. Mar 19 2,000 CA$18.74 CA$37,482
20. Dec 18 Buy Steve Akazawa Individual 20. Dec 18 20. Dec 18 1,000 CA$21.34 CA$21,340
22. Jun 18 Buy James Pattison Individual 21. Jun 18 21. Jun 18 35,000 CA$24.25 CA$848,750
17. May 18 Buy James Pattison Individual 16. May 18 16. May 18 50,000 CA$23.40 CA$1,170,000
X
Management checks
We assess Westshore Terminals Investment'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. Westshore Terminals Investment 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

Imagine Owning Westshore Terminals Investment (TSE:WTE) And Wondering If The 40% Share Price Slide Is Justified

So we wouldn't blame long term Westshore Terminals Investment Corporation (TSE:WTE) shareholders for doubting their decision to hold, with the stock down 40% over a half decade. … During the unfortunate half decade during which the share price slipped, Westshore Terminals Investment actually saw its earnings per share (EPS) improve by 0.06% per year. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

Read This Before Selling Westshore Terminals Investment Corporation (TSE:WTE) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Westshore Terminals Investment Corporation (TSE:WTE). … Westshore Terminals Investment Insider Transactions Over The Last Year. … Westshore Terminals Investment may have bought shares in the last year, but they didn't sell any

Simply Wall St -

Westshore Terminals Investment Corporation (TSE:WTE) Delivered A Better ROE Than Its Industry

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Westshore Terminals Investment Corporation (TSE:WTE). … Our data shows Westshore Terminals Investment has a return on equity of 20% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

With 14% Earnings Growth, Did Westshore Terminals Investment Corporation (TSE:WTE) Outperform The Industry?

After looking at Westshore Terminals Investment Corporation's (TSE:WTE) latest earnings announcement (31 December 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether Westshore Terminals Investment's performance has been impacted by industry movements. … See our latest analysis for Westshore Terminals Investment?

Simply Wall St -

Is Westshore Terminals Investment Corporation (TSE:WTE) A Volatile Stock?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is Now An Opportune Moment To Examine Westshore Terminals Investment Corporation (TSE:WTE)?

saw a decent share price growth in the teens level on the TSX over the last few months. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

Does Westshore Terminals Investment Corporation's (TSE:WTE) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Westshore Terminals Investment Corporation's (TSE:WTE) P/E ratio and reflect on what it tells us about the company's share price. … Westshore Terminals Investment has a P/E ratio of 13.17, based on the last twelve months.

Simply Wall St -

Do Insiders Own Shares In Westshore Terminals Investment Corporation (TSE:WTE)?

The big shareholder groups in Westshore Terminals Investment Corporation (TSE:WTE) have power over the company. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Westshore Terminals Investment has a market capitalization of CA$1.4b, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

Westshore Terminals Investment Corporation (TSE:WTE): What Does The Future Look Like?

Since Westshore Terminals Investment Corporation (TSE:WTE) released its earnings in September 2018,. … the consensus outlook from analysts appear fairly confident, … with earnings expected to grow by 10% in the upcoming year

Simply Wall St -

Calculating The Intrinsic Value Of Westshore Terminals Investment Corporation (TSE:WTE)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Westshore Terminals Investment Corporation (TSE:WTE) as an investment opportunity. … by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF).

Simply Wall St -

Company Info

Description

Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from mines in British Columbia and Alberta, Canada; and Montana, the United States. The company was founded in 1970 and is headquartered in Vancouver, Canada.

Details
Name: Westshore Terminals Investment Corporation
WTE
Exchange: TSX
Founded: 1970
CA$1,403,296,990
66,696,625
Website: http://www.westshore.com
Address: Westshore Terminals Investment Corporation
1067 West Cordova Street,
Suite 1800,
Vancouver,
British Columbia, V6C 1C7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WTE Common Shares The Toronto Stock Exchange CA CAD 30. Jan 1998
OTCPK WTSH.F Common Shares Pink Sheets LLC US USD 30. Jan 1998
Number of employees
Current staff
Staff numbers
272
Westshore Terminals Investment employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:33
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/18
Last earnings reported: 2018/12/31
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.