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WDT

Wellington Drive Technologies NZSE:WDT Stock Report

Last Price

NZ$0.14

Market Cap

NZ$58.5m

7D

-7.5%

1Y

68.8%

Updated

16 May, 2022

Data

Company Financials
WDT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

WDT Stock Overview

Wellington Drive Technologies Limited, together with its subsidiaries, manufactures, markets, and sells energy saving and electronically commutated motors, controllers, and fans; and develops Internet of Things (IoT) solutions and software worldwide.

Wellington Drive Technologies Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Wellington Drive Technologies
Historical stock prices
Current Share PriceNZ$0.14
52 Week HighNZ$0.24
52 Week LowNZ$0.077
Beta1.04
1 Month Change-15.63%
3 Month Change-25.41%
1 Year Change68.75%
3 Year Change-43.75%
5 Year Change-49.06%
Change since IPO-98.96%

Recent News & Updates

Apr 28
Wellington Drive Technologies (NZSE:WDT) Is Experiencing Growth In Returns On Capital

Wellington Drive Technologies (NZSE:WDT) Is Experiencing Growth In Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Mar 04
Wellington Drive Technologies' (NZSE:WDT) Earnings Are Of Questionable Quality

Wellington Drive Technologies' (NZSE:WDT) Earnings Are Of Questionable Quality

Wellington Drive Technologies Limited ( NZSE:WDT ) announced strong profits, but the stock was stagnant. Our analysis...

Mar 04
Did Wellington Drive Technologies Limited (NZSE:WDT) Insiders Buy Up More Shares?

Did Wellington Drive Technologies Limited (NZSE:WDT) Insiders Buy Up More Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

Shareholder Returns

WDTNZ ElectricalNZ Market
7D-7.5%-5.6%-3.6%
1Y68.8%-28.3%-13.5%

Return vs Industry: WDT exceeded the NZ Electrical industry which returned -28.3% over the past year.

Return vs Market: WDT exceeded the NZ Market which returned -13.5% over the past year.

Price Volatility

Is WDT's price volatile compared to industry and market?
WDT volatility
WDT Average Weekly Movement5.8%
Electrical Industry Average Movement9.6%
Market Average Movement4.4%
10% most volatile stocks in NZ Market7.5%
10% least volatile stocks in NZ Market2.9%

Stable Share Price: WDT is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: WDT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198694Greg Ballahttps://www.wdtl.com

Wellington Drive Technologies Limited, together with its subsidiaries, manufactures, markets, and sells energy saving and electronically commutated motors, controllers, and fans; and develops Internet of Things (IoT) solutions and software worldwide. It offers Connect SCS controller, an intelligent electronic thermostat and energy management device for commercial refrigeration systems; Connect Track, a SCS solution that allows to track the fleet via mobile; Connect Monitor, a battery powered and retrofittable refrigeration and freezer monitoring sensor with marketing beacons; Connect Network, an IoT network hub; Connect Field, which helps to manages old and new coolers; Connect Retailer that provides control of in store coolers to the retailer; and Connect Insight, which provides valuable analysis of system data. The company also provides Connect Cloud that provides actionable insight at fleet, regional, and local levels; Connect Beacon, which provides interaction with the customers; and Connect Marketing Cloud that provides customer engagement marketing.

Wellington Drive Technologies Fundamentals Summary

How do Wellington Drive Technologies's earnings and revenue compare to its market cap?
WDT fundamental statistics
Market CapNZ$58.52m
Earnings (TTM)NZ$5.43m
Revenue (TTM)NZ$64.22m

10.8x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WDT income statement (TTM)
RevenueNZ$64.22m
Cost of RevenueNZ$46.35m
Gross ProfitNZ$17.87m
Other ExpensesNZ$12.45m
EarningsNZ$5.43m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.013
Gross Margin27.83%
Net Profit Margin8.45%
Debt/Equity Ratio5.0%

How did WDT perform over the long term?

See historical performance and comparison

Valuation

Is Wellington Drive Technologies undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


10.79x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: WDT (NZ$0.14) is trading above our estimate of fair value (NZ$0.03)

Significantly Below Fair Value: WDT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WDT is poor value based on its PE Ratio (10.8x) compared to the Oceanic Electrical industry average (10x).

PE vs Market: WDT is good value based on its PE Ratio (10.8x) compared to the NZ market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WDT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WDT is good value based on its PB Ratio (2.9x) compared to the XO Electrical industry average (3.1x).


Future Growth

How is Wellington Drive Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


24.6%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wellington Drive Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Wellington Drive Technologies performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


47.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WDT has a high level of non-cash earnings.

Growing Profit Margin: WDT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WDT has become profitable over the past 5 years, growing earnings by 47.2% per year.

Accelerating Growth: WDT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WDT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (14.6%).


Return on Equity

High ROE: WDT's Return on Equity (26.7%) is considered high.


Financial Health

How is Wellington Drive Technologies's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WDT's short term assets (NZ$28.4M) exceed its short term liabilities (NZ$21.6M).

Long Term Liabilities: WDT's short term assets (NZ$28.4M) exceed its long term liabilities (NZ$7.0M).


Debt to Equity History and Analysis

Debt Level: WDT has more cash than its total debt.

Reducing Debt: WDT's debt to equity ratio has reduced from 263.5% to 5% over the past 5 years.

Debt Coverage: WDT's debt is well covered by operating cash flow (392.7%).

Interest Coverage: WDT's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Dividend

What is Wellington Drive Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate WDT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WDT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WDT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WDT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WDT has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Greg Balla (56 yo)

1

Tenure

NZ$538,901

Compensation

Mr. Greg Balla is the Chief Executive Officer of Wellington Drive Technologies Limited since May 2021. He served as an Executive Vice President of People, Business Transformation and Customer Experience at...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD337.42K) is about average for companies of similar size in the NZ market ($USD333.01K).

Compensation vs Earnings: Insufficient data to compare Greg's compensation with company performance.


Leadership Team

Experienced Management: WDT's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: WDT's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wellington Drive Technologies Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Wellington Drive Technologies Limited
  • Ticker: WDT
  • Exchange: NZSE
  • Founded: 1986
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: NZ$58.521m
  • Shares outstanding: 433.49m
  • Website: https://www.wdtl.com

Number of Employees


Location

  • Wellington Drive Technologies Limited
  • 21 Arrenway Drive
  • Rosedale
  • Auckland
  • 632
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.