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Wayside Technology Group

DB:PYA
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PYA
DB
$52M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Wayside Technology Group, Inc. operates as an information technology channel company worldwide. The last earnings update was 38 days ago. More info.


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PYA Share Price and Events
7 Day Returns
1.6%
DB:PYA
1.6%
DE Electronic
0.8%
DE Market
1 Year Returns
-3.4%
DB:PYA
2.7%
DE Electronic
-4.5%
DE Market
PYA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wayside Technology Group (PYA) 1.6% 6% 15% -3.4% -27.1% -8.6%
DE Electronic 1.6% 10.5% 19.9% 2.7% 97.7% 106%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • PYA underperformed the Electronic industry which returned 2.7% over the past year.
  • PYA outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
PYA
Industry
5yr Volatility vs Market

Value

 Is Wayside Technology Group 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 Wayside Technology Group 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 Wayside Technology Group.

DB:PYA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:PYA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (0%))
1.046
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.046 * 5.96%)
6.46%

Discounted Cash Flow Calculation for DB:PYA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wayside Technology Group 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.

DB:PYA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.46%)
2019 25.19 Est @ 89.31% 23.66
2020 40.95 Est @ 62.58% 36.13
2021 58.92 Est @ 43.88% 48.83
2022 77.06 Est @ 30.78% 59.99
2023 93.72 Est @ 21.62% 68.53
2024 107.96 Est @ 15.2% 74.15
2025 119.52 Est @ 10.71% 77.11
2026 128.56 Est @ 7.56% 77.91
2027 135.46 Est @ 5.36% 77.11
2028 140.64 Est @ 3.82% 75.20
Present value of next 10 years cash flows $618.62
DB:PYA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $140.64 × (1 + 0.23%) ÷ (6.46% – 0.23%)
$2,261.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,261.46 ÷ (1 + 6.46%)10
$1,209.15
DB:PYA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $618.62 + $1,209.15
$1,827.77
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,827.77 / 4.42
$413.69
DB:PYA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PYA represents 0.89233x of NasdaqGM:WSTG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89233x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 413.69 x 0.89233
€369.15
Value per share (EUR) From above. €369.15
Current discount Discount to share price of €10.59
= -1 x (€10.59 - €369.15) / €369.15
97.1%

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

Current Discount
Amount off the current price Wayside Technology Group is available for.
Intrinsic value
>50%
Share price is €10.59 vs Future cash flow value of €369.15
Current Discount Checks
For Wayside Technology Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wayside Technology Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wayside Technology Group'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 Wayside Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wayside Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PYA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.78
NasdaqGM:WSTG Share Price ** NasdaqGM (2019-04-25) in USD $11.87
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.82x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Wayside Technology Group.

DB:PYA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:WSTG Share Price ÷ EPS (both in USD)

= 11.87 ÷ 0.78

15.13x

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

  • Wayside Technology Group is good value based on earnings compared to the DE Electronic industry average.
  • Wayside Technology Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Wayside Technology Group's expected growth come at a high price?
Raw Data
DB:PYA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7.4%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.18x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Wayside Technology Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wayside Technology Group's assets?
Raw Data
DB:PYA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $9.22
NasdaqGM:WSTG Share Price * NasdaqGM (2019-04-25) in USD $11.87
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:PYA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:WSTG Share Price ÷ Book Value per Share (both in USD)

= 11.87 ÷ 9.22

1.29x

* Primary Listing of Wayside Technology Group.

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

  • Wayside Technology Group is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Wayside Technology Group'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Wayside Technology Group has a total score of 5/6, 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 Wayside Technology Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Wayside Technology Group, future earnings growth has been estimated based on fundamentals.
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
7.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wayside Technology Group expected to grow at an attractive rate?
  • Wayside Technology Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wayside Technology Group's earnings growth is positive but not above the Germany market average.
  • Unable to compare Wayside Technology Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PYA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PYA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.4%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:PYA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PYA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:PYA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 181 14 3
2018-09-30 466 9 3
2018-06-30 457 6 3
2018-03-31 452 0 5
2017-12-31 161 -2 5
2017-09-30 236 -11 6
2017-06-30 297 -5 6
2017-03-31 363 -3 6
2016-12-31 165 -1 6
2016-09-30 398 10 5
2016-06-30 396 13 6
2016-03-31 383 9 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wayside Technology Group's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Wayside Technology Group is high growth as no revenue estimate data is available.
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
DB:PYA 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 0 Analyst Estimates (S&P Global) See Below

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

DB:PYA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:PYA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.78
2018-09-30 0.65
2018-06-30 0.66
2018-03-31 1.19
2017-12-31 1.13
2017-09-30 1.31
2017-06-30 1.27
2017-03-31 1.32
2016-12-31 1.25
2016-09-30 1.18
2016-06-30 1.25
2016-03-31 1.21

*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.
  • Unable to establish if Wayside Technology Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wayside Technology Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Wayside Technology Group has a total score of 1/6, 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 Wayside Technology Group 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 Wayside Technology Group's growth in the last year to its industry (Electronic).
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.
  • Wayside Technology Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Wayside Technology Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wayside Technology Group's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Wayside Technology Group'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 Wayside Technology Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PYA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 181.44 3.42 20.32
2018-09-30 465.64 2.81 20.25
2018-06-30 456.73 2.82 19.80
2018-03-31 451.84 5.11 19.34
2017-12-31 160.57 4.84 19.26
2017-09-30 236.09 5.65 19.61
2017-06-30 296.66 5.57 19.21
2017-03-31 362.90 5.88 19.17
2016-12-31 164.61 5.65 18.72
2016-09-30 397.94 5.37 17.90
2016-06-30 396.01 5.72 18.26
2016-03-31 382.72 5.56 18.01
2015-12-31 382.09 5.67 18.06
2015-09-30 376.44 6.07 17.75
2015-06-30 369.29 5.88 17.43
2015-03-31 361.72 6.00 16.93
2014-12-31 340.76 5.76 16.51
2014-09-30 336.49 6.41 16.59
2014-06-30 316.44 6.38 15.78
2014-03-31 306.14 6.43 15.63
2013-12-31 300.39 6.39 15.51
2013-09-30 295.98 5.69 15.44
2013-06-30 301.06 5.72 15.57
2013-03-31 296.13 5.48 15.31
2012-12-31 297.06 5.49 15.38
2012-09-30 285.83 5.66 15.14
2012-06-30 274.04 5.80 14.99

*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.
  • Wayside Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wayside Technology Group used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Wayside Technology Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wayside Technology Group'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 Electronic 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.
Wayside Technology Group has a total score of 0/6, 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 Wayside Technology Group'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 Wayside Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wayside Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wayside Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wayside Technology Group'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.
  • Low level of unsold assets.
  • Wayside Technology Group 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 Wayside Technology Group Company Filings, last reported 3 months ago.

DB:PYA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 40.57 0.00 14.88
2018-09-30 39.71 0.00 6.46
2018-06-30 38.89 0.00 10.41
2018-03-31 39.75 0.00 6.99
2017-12-31 38.71 0.00 5.53
2017-09-30 38.09 2.00 4.07
2017-06-30 37.38 0.00 9.73
2017-03-31 36.91 0.00 11.09
2016-12-31 37.61 0.00 13.52
2016-09-30 37.78 0.00 20.96
2016-06-30 38.62 0.00 24.58
2016-03-31 38.53 0.00 24.29
2015-12-31 38.66 0.00 23.82
2015-09-30 38.08 0.00 19.61
2015-06-30 38.60 0.00 18.88
2015-03-31 37.55 0.00 21.37
2014-12-31 39.57 0.00 23.12
2014-09-30 38.80 0.00 15.61
2014-06-30 38.36 0.00 14.72
2014-03-31 35.96 0.00 11.72
2013-12-31 34.72 0.00 19.61
2013-09-30 33.10 0.00 14.74
2013-06-30 32.28 0.01 12.02
2013-03-31 32.01 0.03 13.59
2012-12-31 32.13 0.06 14.25
2012-09-30 31.29 0.08 15.33
2012-06-30 30.49 0.10 12.81
  • Wayside Technology Group has no debt.
  • Wayside Technology Group had no debt 5 years ago.
  • Wayside Technology Group has no debt, it does not need to be covered by operating cash flow.
  • Wayside Technology Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Wayside Technology Group'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. Wayside Technology Group has a total score of 6/6, 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 Wayside Technology Group'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
5.73%
Current annual income from Wayside Technology Group dividends.
If you bought €2,000 of Wayside Technology Group shares you are expected to receive €115 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?
  • Wayside Technology Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Wayside Technology Group's dividend is above the markets top 25% of dividend payers in Germany (3.67%).
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
DB:PYA 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 0 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:PYA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
DB:PYA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-18 0.680 5.860
2019-02-25 0.680 5.779
2018-08-06 0.680 5.916
2018-02-27 0.680 4.906
2017-11-09 0.680 4.568
2017-10-26 0.680 4.807
2017-08-07 0.680 4.715
2017-07-27 0.680 3.959
2017-05-05 0.680 3.506
2017-04-27 0.680 3.382
2017-02-02 0.680 3.699
2016-10-28 0.680 3.861
2016-08-08 0.680 3.862
2016-07-28 0.680 3.709
2016-04-29 0.680 3.833
2016-02-22 0.680 4.058
2016-02-04 0.680 3.971
2015-10-30 0.680 3.684
2015-07-30 0.680 3.847
2015-05-08 0.680 3.557
2015-04-30 0.680 3.811
2015-02-06 0.680 3.891
2014-11-07 0.680 3.889
2014-10-30 0.680 3.976
2014-07-24 0.680 4.232
2014-04-24 0.680 4.308
2014-02-21 0.680 3.971
2014-02-06 0.680 4.592
2013-10-25 0.680 5.005
2013-07-25 0.640 5.020
2013-04-25 0.640 5.490
2013-01-31 0.640 5.234
2012-10-25 0.640 5.442
2012-07-26 0.640 5.056
2012-04-26 0.640 5.002
2012-02-02 0.640 4.590
2011-10-27 0.640 5.339
2011-07-28 0.640 5.794
2011-04-28 0.640 4.661
2011-02-03 0.640 4.494
2010-10-28 0.640 5.595
2010-07-29 0.600 6.081
2010-04-29 0.600 6.347
2010-02-04 0.600 6.843
2009-10-29 0.600 7.745
2009-07-30 0.600 7.491
2009-04-30 0.600 8.481

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wayside Technology Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wayside Technology Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Wayside Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wayside Technology Group has a total score of 5/6, 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 Wayside Technology Group'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
Steve DeWindt
COMPENSATION $55,454
AGE 63
TENURE AS CEO 0.9 years
CEO Bio

Mr. David Stephen Dewindt, also known as Steve, has been the President and Chief Executive Officer of Wayside Technology Group, Inc. since October 5, 2018. Mr. DeWindt was Interim President and Chief Executive Officer of Wayside Technology Group, Inc. since May 11, 2018 until October 5, 2018. Mr. DeWindt served as an Executive Vice President and USA Country Head at Solium Capital Inc. He is the Executive Vice President of Solium, Inc. since November 2012. Mr. DeWindt Co-founded Sparxent, Inc. in 2008 and served as its Chief Executive Officer and President from June 2007 to October 2009. He served as President - Business Network Services Division at AvTel Communications Inc since January 1997. He served as Senior Corporate Executive at Computer2000 AG. Mr. DeWindt provided leadership during critical high-growth stages of well-known high technology industry pioneers such as Intel and Computer2000 AG. From September 1995 to September 1996, Mr. DeWindt served as Chairman of the Board and Chief Executive Officer of Ameriquest Inc. He was co-founder and President of BlueRoads and was responsible for procuring its first round of financing and entering into strategic partnerships with Fortune 500 clients. Mr. DeWindt's executive management and global sales experience spans more than two decades leading international teams. From October 2010 to November 2012, he was the Executive Chairman, President and Board of Directors member of OptionEase, Inc. (now Solium). He served as Co-President of Computer2000 AG in Germany. At Intel, he held several executive positions including Director of Worldwide Reseller Sales, with responsibility for indirect sales channels, as well as the development and implementation of new distribution strategies. He served as an Executive Chairman of OptionEase, Inc. and served as its Chairman. Prior to that, Mr. DeWindt served in various executive management capacities in sales and marketing for a number of companies. Mr. DeWindt also serves as the Chairman of the Board of Directors of Group 47. He has been a Director of Wayside Technology Group, Inc. since January 31, 2014 and its Lead Director since March 5, 2018. He served as a Director of Sparxent, Inc. Mr. DeWindt holds an MBA from UCLA's Anderson School of Management and a BA in Business from Principia College.

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

Average tenure and age of the Wayside Technology Group management team in years:

2.7
Average Tenure
55
Average Age
  • The tenure for the Wayside Technology Group management team is about average.
Management Team

Steve DeWindt

TITLE
President
COMPENSATION
$55K
AGE
63
TENURE
0.9 yrs

Mike Vesey

TITLE
VP & CFO
COMPENSATION
$541K
AGE
56
TENURE
2.5 yrs

Vito Legrottaglie

TITLE
VP & Chief Information Officer
COMPENSATION
$442K
AGE
54
TENURE
4.2 yrs

Brian Gilbertson

TITLE
VP & GM of Lifeboat Distribution
COMPENSATION
$452K
AGE
57
TENURE
2.9 yrs

Kevin Scull

TITLE
VP & Chief Accounting Officer
COMPENSATION
$247K
AGE
52
TENURE
4.2 yrs

Dale Foster

TITLE
Executive Vice President
AGE
54
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Wayside Technology Group board of directors in years:

2.2
Average Tenure
60
Average Age
  • The average tenure for the Wayside Technology Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeff Geygan

TITLE
Chairman of the Board
AGE
57
TENURE
0.9 yrs

Steve DeWindt

TITLE
President
COMPENSATION
$55K
AGE
63
TENURE
1.1 yrs

Mike Faith

TITLE
Director
COMPENSATION
$55K
AGE
53
TENURE
8 yrs

Diana Kurty

TITLE
Director
COMPENSATION
$67K
AGE
64
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Wayside Technology Group insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Mar 19 Sell Charles Bass Individual 01. Mar 19 01. Mar 19 -100 €10.90 €-1,090
04. Mar 19 Buy Jeffrey Geygan Individual 01. Mar 19 01. Mar 19 495 €10.89 €5,390
04. Mar 19 Buy Global Value Investment Corp Company 28. Feb 19 01. Mar 19 4,975 €10.90 €53,875
23. Nov 18 Buy Global Value Investment Corp Company 20. Nov 18 20. Nov 18 1,870 €10.02 €18,739
23. Jul 18 Sell Simon Nynens Individual 19. Jul 18 19. Jul 18 -1 €12.28 €-12
18. Jul 18 Sell Simon Nynens Individual 17. Jul 18 18. Jul 18 -2,700 €12.24 €-33,046
16. Jul 18 Sell Simon Nynens Individual 13. Jul 18 16. Jul 18 -2,142 €12.17 €-26,070
05. Jul 18 Sell Simon Nynens Individual 03. Jul 18 03. Jul 18 -2,400 €12.22 €-29,337
11. Jun 18 Sell Simon Nynens Individual 07. Jun 18 07. Jun 18 -12 €12.05 €-145
06. Jun 18 Sell Simon Nynens Individual 04. Jun 18 05. Jun 18 -172 €12.20 €-2,099
01. Jun 18 Sell Simon Nynens Individual 30. May 18 30. May 18 -35 €12.25 €-429
01. Jun 18 Sell Simon Nynens Individual 31. May 18 31. May 18 -1,766 €12.22 €-21,584
24. May 18 Buy Jeffrey Geygan Individual 22. May 18 22. May 18 2,010 €12.11 €24,346
24. May 18 Buy Global Value Investment Corp Company 22. May 18 22. May 18 21,238 €12.11 €257,243
23. May 18 Buy Diana Kurty Individual 21. May 18 22. May 18 500 €12.05 €6,020
22. May 18 Sell Simon Nynens Individual 21. May 18 22. May 18 -6,500 €12.11 €-78,663
21. May 18 Buy Michael Faith Individual 17. May 18 17. May 18 3,000 €12.08 €36,239
18. May 18 Buy Diana Kurty Individual 17. May 18 17. May 18 500 €12.21 €6,103
X
Management checks
We assess Wayside Technology Group'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. Wayside Technology Group 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

Company Info

Description

Wayside Technology Group, Inc. operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators; and software, hardware, and services for corporations, government organizations, and academic institutions. It also resells computer software and hardware developed by others, as well as provides technical services to end user customers in the United States and Canada. In addition, the company offers a line of products from various publishers of software; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. Wayside Technology Group, Inc. markets its products through own Websites, local and online seminars, Webinars, and social media, as well as direct email and printed materials. The company was formerly known as Programmer’s Paradise, Inc. and changed its name to Wayside Technology Group, Inc. in August 2006. Wayside Technology Group, Inc. was founded in 1982 and is headquartered in Eatontown, New Jersey.

Details
Name: Wayside Technology Group, Inc.
PYA
Exchange: DB
Founded: 1982
$47,084,786
4,418,250
Website: http://www.waysidetechnology.com
Address: Wayside Technology Group, Inc.
4 Industrial Way West,
Suite 300,
Eatontown,
New Jersey, 07724,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM WSTG Common Stock Nasdaq Global Market US USD 18. Jul 1995
DB PYA Common Stock Deutsche Boerse AG DE EUR 18. Jul 1995
Number of employees
Current staff
Staff numbers
153
Wayside Technology Group employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:50
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2018/02/27
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.