Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.35 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.4%). Declared Dividend • May 20
First quarter dividend of CA$0.35 announced Shareholders will receive a dividend of CA$0.35. Ex-date: 15th June 2026 Payment date: 3rd July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 03
Wajax Corporation declares First Quarter 2026 Dividend, Payable on April 2, 2026 Wajax Corporation has declared a dividend of CAD 0.35 per share for the first quarter of 2026, payable on April 2, 2026, to shareholders of record on March 16, 2026. Announcement • Feb 24
Wajax Corporation, Annual General Meeting, May 05, 2026 Wajax Corporation, Annual General Meeting, May 05, 2026. Location: ontario, toronto Canada Announcement • Nov 05
Wajax Corporation announces Quarterly dividend, payable on January 06, 2026 Wajax Corporation announced Quarterly dividend of CAD 0.3500 per share payable on January 06, 2026, ex-date on December 15, 2025 and record date on December 15, 2025. Announcement • Aug 08
Wajax Corporation Declares Quarterly Dividend, Payable on October 2, 2025 Wajax Corporation has declared a dividend of $0.35 per share for the third quarter of 2025, payable on October 2, 2025, to shareholders of record on September 15, 2025. Announcement • Jun 05
Wajax Corporation Announces Appointment of Michael Hachey as Chief Operating Officer , Effective June 2, 2025 Wajax Corporation announced the appointment of Michael Hachey as Chief Operating Officer of the Corporation effective June 2, 2025. Reporting to Iggy Domagalski, President and Chief Executive Officer, Mr. Hachey will oversee the Corporation's operations, with a focus on operational excellence and building organizational capabilities. Mr. Hachey is an experienced senior executive with a strong background in operations and leadership across various sectors, including industrial and food services, automotive and retail. Most recently, he was Chief Operating Officer, Food Service and Hospitality, for Compass Group Canada ("CGC") and previously served as its Chief Innovation Officer and as President, Eurest Support Services (ESS) North America, a division of CGC. Between 2006 and 2014, Mr. Hachey held progressively senior operating roles at Mr. Lube, including Vice President of Retail Operations, Vice President of Operations, and Executive Vice President. He began his career in the audit practice at Ernst & Young before transitioning to finance roles at Bell Canada and Labatt Breweries of Canada. Mr. Hachey holds a Bachelor of Commerce from the University of Victoria and a Master of Business Administration from Queen's University. He is also a Chartered Accountant. Announcement • May 09
Wajax Corporation Appoints Susan Uthayakumar as Director Wajax Corporation, at its AGM held on May 6, 2025 appointed Susan Uthayakumar as director. Announcement • May 07
Wajax Corporation Declares Dividend for the Second Quarter of 2025, Payable on July 3, 2025 Wajax Corporation declared a dividend of $0.35 per share for the second quarter of 2025, payable on July 3, 2025, to shareholders of record on June 16, 2025. Announcement • Mar 05
Wajax Corporation announces Quarterly dividend, payable on April 02, 2025 Wajax Corporation announced Quarterly dividend of CAD 0.3500 per share payable on April 02, 2025, ex-date on March 14, 2025 and record date on March 14, 2025. Declared Dividend • Nov 12
Third quarter dividend of CA$0.35 announced Shareholders will receive a dividend of CA$0.35. Ex-date: 16th December 2024 Payment date: 7th January 2025 Dividend yield will be 7.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 7.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: CA$0.29 (vs CA$1.09 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.29 (down from CA$1.09 in 3Q 2023). Revenue: CA$481.0m (down 5.6% from 3Q 2023). Net income: CA$6.40m (down 73% from 3Q 2023). Profit margin: 1.3% (down from 4.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 09
Upcoming dividend of CA$0.35 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 02 October 2024. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.2%). Declared Dividend • Aug 14
Second quarter dividend of CA$0.35 announced Shareholders will receive a dividend of CA$0.35. Ex-date: 16th September 2024 Payment date: 2nd October 2024 Dividend yield will be 6.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: CA$0.95 (vs CA$1.35 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.95 (down from CA$1.35 in 2Q 2023). Revenue: CA$568.3m (down 3.1% from 2Q 2023). Net income: CA$20.6m (down 29% from 2Q 2023). Profit margin: 3.6% (down from 4.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Wajax Corporation Declares Dividend for the Third Quarter of 2024, Payable on October 2, 2024 Wajax Corporation has declared a dividend of $0.35 per share for the third quarter of 2024, payable on October 2, 2024, to shareholders of record on September 16, 2024. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.35 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 03 July 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.2%). Recent Insider Transactions • May 21
Independent Chairman of the Board recently bought €68k worth of stock On the 14th of May, Edward Barrett bought around 4k shares on-market at roughly €18.34 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €136k. Edward has been a buyer over the last 12 months, purchasing a net total of €404k worth in shares. Recent Insider Transactions • May 16
Independent Chairman of the Board recently bought €136k worth of stock On the 10th of May, Edward Barrett bought around 7k shares on-market at roughly €18.34 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Edward has been a buyer over the last 12 months, purchasing a net total of €336k worth in shares. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €18.10, the stock trades at a trailing P/E ratio of 7.4x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.49 per share. Announcement • May 08
Wajax Corporation Announces Board Changes Wajax Corporation at its Annual Meeting of Shareholders held on May 2, 2024, elected Susan Uthayakumar as director. Sylvia D. Chrominska, a director of the Corporation since 2015 and Douglas A. Carty, a director of the Corporation since 2011, retired from the board at the conclusion of the meeting. Declared Dividend • May 06
First quarter dividend of CA$0.35 announced Shareholders will receive a dividend of CA$0.35. Ex-date: 14th June 2024 Payment date: 3rd July 2024 Dividend yield will be 5.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • May 04
Independent Director recently bought €96k worth of stock On the 3rd of May, David Smith bought around 5k shares on-market at roughly €19.24 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €443k more in shares than they have sold in the last 12 months. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: CA$0.68 (vs CA$0.81 in 1Q 2023) First quarter 2024 results: EPS: CA$0.68 (down from CA$0.81 in 1Q 2023). Revenue: CA$482.3m (down 6.5% from 1Q 2023). Net income: CA$14.7m (down 16% from 1Q 2023). Profit margin: 3.1% (down from 3.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Wajax Corporation Declares Dividend for the Second Quarter of 2024, Payable on July 3, 2024 Wajax Corporation has declared a dividend of $0.35 per share for the second quarter of 2024, payable on July 3, 2024, to shareholders of record on June 14, 2024. Declared Dividend • Mar 11
Fourth quarter dividend of CA$0.35 announced Shareholders will receive a dividend of CA$0.35. Ex-date: 14th March 2024 Payment date: 2nd April 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: CA$3.77 (vs CA$3.38 in FY 2022) Full year 2023 results: EPS: CA$3.77 (up from CA$3.38 in FY 2022). Revenue: CA$2.15b (up 9.8% from FY 2022). Net income: CA$81.0m (up 12% from FY 2022). Profit margin: 3.8% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 05
Wajax Corporation Declares Dividend for the First Quarter of 2024, Payable on April 2, 2024 Wajax Corporation announced that its Board of Directors has approved a 6% increase in the Corporation's quarterly dividend. The Corporation has declared a dividend of $0.35 per share for the first quarter of 2024, payable on April 2, 2024, to shareholders of record on March 15, 2024. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.33 per share at 4.7% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 03 January 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.7%). Announcement • Nov 24
Wajax Corporation, Annual General Meeting, May 02, 2024 Wajax Corporation, Annual General Meeting, May 02, 2024, at 11:00 US Eastern Standard Time. Recent Insider Transactions • Nov 11
Independent Director recently bought €94k worth of stock On the 9th of November, David Smith bought around 5k shares on-market at roughly €18.80 per share. This transaction increased David's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €154k more in shares than they have sold in the last 12 months. Announcement • Nov 09
Wajax Corporation Declares Dividend for the Fourth Quarter of 2023, Payable on January 3, 2024 Wajax Corporation has declared a dividend of CAD 0.33 per share for the fourth quarter of 2023, payable on January 3, 2024, to shareholders of record on December 15, 2023. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: CA$1.09 (vs CA$0.84 in 3Q 2022) Third quarter 2023 results: EPS: CA$1.09 (up from CA$0.84 in 3Q 2022). Revenue: CA$509.7m (up 8.3% from 3Q 2022). Net income: CA$23.4m (up 30% from 3Q 2022). Profit margin: 4.6% (up from 3.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.33 per share at 4.5% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). Announcement • Sep 02
Wajax Corporation (TSX:WJX) acquired Beta Fluid Power Ltd. And Beta Industrial Ltd. Wajax Corporation (TSX:WJX) acquired Beta Fluid Power Ltd. And Beta Industrial Ltd. on September 1, 2023. The transaction will be subject to normal post-closing adjustments.
Wajax Corporation (TSX:WJX) completed the acquisition of Beta Fluid Power Ltd. And Beta Industrial Ltd. on September 1, 2023. New Risk • Aug 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: CA$1.35 (vs CA$1.01 in 2Q 2022) Second quarter 2023 results: EPS: CA$1.35 (up from CA$1.01 in 2Q 2022). Revenue: CA$586.2m (up 15% from 2Q 2022). Net income: CA$29.0m (up 34% from 2Q 2022). Profit margin: 4.9% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 11
Wajax Corporation Declares a Dividend for the Third Quarter of 2023, Payable on October 3, 2023 Wajax Corporation has declared a dividend of $0.33 per share for the third quarter of 2023, payable on October 3, 2023, to shareholders of record on September 15, 2023. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.33 per share at 5.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Announcement • May 06
Wajax Corporation Announces Board Appointments Wajax Corporation announced that David G. Smith and Elizabeth A. Summers have each been appointed to the Audit and Human Resources and Compensation Committees of the board, and that A. Jane Craighead has been appointed chair of the Human Resources and Compensation Committee of the board. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: CA$0.81 (vs CA$0.75 in 1Q 2022) First quarter 2023 results: EPS: CA$0.81 (up from CA$0.75 in 1Q 2022). Revenue: CA$516.1m (up 17% from 1Q 2022). Net income: CA$17.5m (up 8.8% from 1Q 2022). Profit margin: 3.4% (down from 3.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: CA$3.38 (vs CA$2.50 in FY 2021) Full year 2022 results: EPS: CA$3.38 (up from CA$2.50 in FY 2021). Revenue: CA$1.96b (up 20% from FY 2021). Net income: CA$72.4m (up 36% from FY 2021). Profit margin: 3.7% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 04 January 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: CA$0.84 (vs CA$0.69 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.84 (up from CA$0.69 in 3Q 2021). Revenue: CA$470.8m (up 17% from 3Q 2021). Net income: CA$18.0m (up 23% from 3Q 2021). Profit margin: 3.8% (up from 3.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 04 October 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: CA$1.01 (vs CA$0.85 in 2Q 2021) Second quarter 2022 results: EPS: CA$1.01 (up from CA$0.85 in 2Q 2021). Revenue: CA$511.2m (up 15% from 2Q 2021). Net income: CA$21.7m (up 20% from 2Q 2021). Profit margin: 4.3% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.1%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.5%). Reported Earnings • May 04
First quarter 2022 earnings released: EPS: CA$0.75 (vs CA$0.59 in 1Q 2021) First quarter 2022 results: EPS: CA$0.75 (up from CA$0.59 in 1Q 2021). Revenue: CA$439.5m (up 14% from 1Q 2021). Net income: CA$16.1m (up 29% from 1Q 2021). Profit margin: 3.7% (up from 3.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.4%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €14.40, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 15x in the Trade Distributors industry in Germany. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.38 per share. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$2.50 (up from CA$1.58 in FY 2020). Revenue: CA$1.64b (up 15% from FY 2020). Net income: CA$53.2m (up 68% from FY 2020). Profit margin: 3.3% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.2%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 05 January 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 17% share price gain to €20.40, the stock trades at a trailing P/E ratio of 11.2x. Average forward P/E is 19x in the Trade Distributors industry in Germany. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.12 per share. Recent Insider Transactions • Nov 07
Insider recently sold €58k worth of stock On the 3rd of November, Robert Beaudry sold around 3k shares on-market at roughly €19.99 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €476k more than they bought in the last 12 months. Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS CA$0.68 (vs CA$0.33 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$401.3m (up 18% from 3Q 2020). Net income: CA$14.7m (up 120% from 3Q 2020). Profit margin: 3.7% (up from 2.0% in 3Q 2020). 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 5% per year. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 05 October 2021. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS CA$0.85 (vs CA$0.51 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$446.1m (up 25% from 2Q 2020). Net income: CA$18.1m (up 78% from 2Q 2020). Profit margin: 4.1% (up from 2.9% in 2Q 2020). 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 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 14 June 2021. Payment date: 06 July 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.3%). Recent Insider Transactions • May 12
Independent Director recently sold €78k worth of stock On the 6th of May, John Eby sold around 5k shares on-market at roughly €15.57 per share. In the last 3 months, there was an even bigger sale from another insider worth €270k. Insiders have been net sellers, collectively disposing of €439k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 17% share price gain to CA$15.90, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 22x in the Trade Distributors industry in Germany. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.24 per share. Reported Earnings • May 05
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$387.1m (up 13% from 1Q 2020). Net income: CA$12.5m (up 207% from 1Q 2020). Profit margin: 3.2% (up from 1.2% in 1Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Recent Insider Transactions • Mar 10
Independent Director recently sold €270k worth of stock On the 8th of March, Thomas Alford sold around 20k shares on-market at roughly €13.52 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €242k more than they bought in the last 12 months. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS CA$1.58 (vs CA$1.98 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$1.42b (down 8.4% from FY 2019). Net income: CA$31.7m (down 20% from FY 2019). Profit margin: 2.2% (down from 2.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Analyst Estimate Surprise Post Earnings • Mar 02
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 14%, compared to a 4.8% growth forecast for the Trade Distributors industry in Germany. Announcement • Feb 26
Wajax Corporation, Annual General Meeting, May 04, 2021 Wajax Corporation, Annual General Meeting, May 04, 2021. Is New 90 Day High Low • Feb 21
New 90-day high: €13.50 The company is up 29% from its price of €10.50 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.11 per share. Announcement • Feb 18
Wajax Corporation to Report Q4, 2021 Results on Mar 08, 2022 Wajax Corporation announced that they will report Q4, 2021 results at 2:00 PM, US Eastern Standard Time on Mar 08, 2022 Announcement • Jan 24
Wajax Corporation (TSX:WJX) completed the acquisition of Tundra Process Solutions Ltd. Wajax Corporation (TSX:WJX) entered into a definitive agreement to acquire Tundra Process Solutions Ltd. for CAD 96.7 million on December 30, 2020. Pursuant to the terms of the definitive agreement, the purchase price for the Tundra shares will be satisfied by the payment in cash of CAD 74.6 million and the issuance of 1.35 million common shares of Wajax. To fund the cash portion of the purchase price Wajax has entered into an agreement with the lenders under its existing credit facilities for a CAD 50 million acquisition credit facility. For the twelve months ended November 30, 2020, Tundra had revenues of approximately CAD 147.8 million. Tundra's team of dedicated professionals will be joining Wajax. The transaction is subject to customary closing conditions, including the approval of the TSX and approval under the Competition Act (Canada), as well as normal post-closing adjustments. The transaction is expected to close early in the first quarter of 2021. The acquisition is expected to be immediately accretive to Wajax shareholders in an anticipated range of CAD 0.10 – CAD 0.15 for the 2021 financial year, on an earnings per share basis. PricewaterhouseCoopers LLP and Scotiabank acted as financial advisors to Wajax Corporation. Deloitte Corporate Finance Inc. served as a financial advisor to Tundra. Bennett Jones LLP acted as legal advisor to Tundra Process Solutions.
Wajax Corporation (TSX:WJX) completed the acquisition of Tundra Process Solutions Ltd. on January 22, 2021. As part of the transaction, all key members of Tundra’s senior management team will continue in their present roles. Is New 90 Day High Low • Jan 12
New 90-day high: €12.80 The company is up 49% from its price of €8.60 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.97 per share. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 19% share price gain to CA$12.10, the stock is trading at a trailing P/E ratio of 10.9x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 23x in the Trade Distributors industry in Germany. Total return to shareholders over the past three years is a loss of 3.6%. Announcement • Dec 31
Wajax Corporation (TSX:WJX) entered into a definitive agreement to acquire Tundra Process Solutions Ltd. for CAD 96.7 million. Wajax Corporation (TSX:WJX) entered into a definitive agreement to acquire Tundra Process Solutions Ltd. for CAD 96.7 million on December 30, 2020. Pursuant to the terms of the definitive agreement, the purchase price for the Tundra shares will be satisfied by the payment in cash of CAD 74.6 million and the issuance of 1.35 million common shares of Wajax. To fund the cash portion of the purchase price Wajax has entered into an agreement with the lenders under its existing credit facilities for a $50 million acquisition credit facility. The transaction is subject to customary closing conditions, including the approval of the TSX and approval under the Competition Act (Canada), as well as normal post-closing adjustments. The transaction is expected to close early in the first quarter of 2021. The acquisition is expected to be immediately accretive to Wajax shareholders in an anticipated range of $0.10 – $0.15 for the 2021 financial year, on an earnings per share basis. PricewaterhouseCoopers LLP and Scotiabank, Inc. served as a financial advisor for Wajax Corporation. Deloitte Corporate Finance Inc. served as a financial advisor to Tundra. Upcoming Dividend • Dec 07
Upcoming Dividend of CA$0.25 Per Share Will be paid on the 5th of January to those who are registered shareholders by the 14th of December. The trailing yield of 5.6% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (1.7%). Is New 90 Day High Low • Dec 07
New 90-day high: €11.70 The company is up 51% from its price of €7.75 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.25 per share. Recent Insider Transactions • Dec 03
Independent Director recently sold €65k worth of stock On the 1st of December, Alexander Taylor sold around 6k shares on-market at roughly €10.86 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €135k more than they sold in the last 12 months. Is New 90 Day High Low • Nov 20
New 90-day high: €10.50 The company is up 44% from its price of €7.30 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.58 per share. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 21% share price gain to CA$10.00, the stock is trading at a trailing P/E ratio of 9.1x, up from the previous P/E ratio of 7.5x. This compares to an average P/E of 22x in the Trade Distributors industry in Germany. Total return to shareholders over the past three years is a loss of 23%. Is New 90 Day High Low • Nov 04
New 90-day high: €8.90 The company is up 48% from its price of €6.00 on 06 August 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.64 per share. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS CA$0.33 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$340.6m (down 6.7% from 3Q 2019). Net income: CA$6.67m (down 12% from 3Q 2019). Profit margin: 2.0% (down from 2.1% in 3Q 2019). 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 19% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue beats expectations Revenue exceeded analyst estimates by 2.4%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Trade Distributors industry in Germany. Is New 90 Day High Low • Oct 08
New 90-day high: €8.40 The company is up 49% from its price of €5.65 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.83 per share.