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Wajax

OTCPK:WJXF.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WJXF.F
OTCPK
CA$324M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The last earnings update was 29 days ago. More info.


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WJXF.F Share Price and Events
7 Day Returns
-1.9%
OTCPK:WJXF.F
3.1%
US Trade Distributors
0.8%
US Market
1 Year Returns
-36.2%
OTCPK:WJXF.F
-3.5%
US Trade Distributors
5.9%
US Market
WJXF.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wajax (WJXF.F) -1.9% -12.8% -14.1% -36.2% -6.6% -62.5%
US Trade Distributors 3.1% 6% 10.5% -3.5% 33.3% 15.8%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • WJXF.F underperformed the Trade Distributors industry which returned -3.5% over the past year.
  • WJXF.F underperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
WJXF.F
Industry
5yr Volatility vs Market

Value

 Is Wajax 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 Wajax 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 Wajax.

OTCPK:WJXF.F 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 10.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:WJXF.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.932 (1 + (1- 26.5%) (72.88%))
1.289
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.289 * 5.96%)
10.41%

Discounted Cash Flow Calculation for OTCPK:WJXF.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wajax 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.

OTCPK:WJXF.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.41%)
2019 32.90 Analyst x2 29.80
2020 39.15 Analyst x2 32.11
2021 30.80 Analyst x1 22.88
2022 25.90 Est @ -15.9% 17.43
2023 23.23 Est @ -10.31% 14.16
2024 21.74 Est @ -6.4% 12.00
2025 20.95 Est @ -3.66% 10.47
2026 20.58 Est @ -1.74% 9.32
2027 20.50 Est @ -0.4% 8.41
2028 20.61 Est @ 0.54% 7.65
Present value of next 10 years cash flows CA$164.24
OTCPK:WJXF.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$20.61 × (1 + 2.73%) ÷ (10.41% – 2.73%)
CA$275.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$275.64 ÷ (1 + 10.41%)10
CA$102.38
OTCPK:WJXF.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$164.24 + CA$102.38
CA$266.62
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$266.62 / 19.98
CA$13.34
OTCPK:WJXF.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:WJXF.F represents 0.74898x of TSX:WJX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74898x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 13.34 x 0.74898
$9.99
Value per share (USD) From above. $9.99
Current discount Discount to share price of $12.13
= -1 x ($12.13 - $9.99) / $9.99
-21.4%

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

  • The current share price of Wajax is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Wajax's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wajax's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:WJXF.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$1.82
TSX:WJX Share Price ** TSX (2019-04-15) in CAD CA$16.19
United States of America Trade Distributors Industry PE Ratio Median Figure of 41 Publicly-Listed Trade Distributors Companies 15.72x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

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

** Primary Listing of Wajax.

OTCPK:WJXF.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 16.19 ÷ 1.82

8.89x

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

  • Wajax is good value based on earnings compared to the US Trade Distributors industry average.
  • Wajax is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Wajax's expected growth come at a high price?
Raw Data
OTCPK:WJXF.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
Not available
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*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 Wajax, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wajax's assets?
Raw Data
OTCPK:WJXF.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$14.88
TSX:WJX Share Price * TSX (2019-04-15) in CAD CA$16.19
United States of America Trade Distributors Industry PB Ratio Median Figure of 53 Publicly-Listed Trade Distributors Companies 1.56x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
OTCPK:WJXF.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16.19 ÷ 14.88

1.09x

* Primary Listing of Wajax.

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

  • Wajax is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess Wajax'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Wajax has a total score of 3/6, 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 Wajax 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
3.8%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Wajax expected to grow at an attractive rate?
  • Unable to compare Wajax's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Wajax's earnings growth to the United States of America market average as no estimate data is available.
  • Wajax's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:WJXF.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:WJXF.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.8%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:WJXF.F 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.
OTCPK:WJXF.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,618 1
2020-12-31 1,624 47 5
2019-12-31 1,568 19 5
OTCPK:WJXF.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,482 -3 36
2018-09-30 1,469 -22 40
2018-06-30 1,399 -17 39
2018-03-31 1,343 -2 34
2017-12-31 1,319 7 27
2017-09-30 1,257 27 32
2017-06-30 1,246 50 31
2017-03-31 1,256 61 27
2016-12-31 1,222 58 11
2016-09-30 1,233 56 -31
2016-06-30 1,237 44 -31
2016-03-31 1,241 44 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Wajax is high growth as no earnings estimate data is available.
  • Wajax's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
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
OTCPK:WJXF.F 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 Wajax Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WJXF.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
OTCPK:WJXF.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 1.82
2018-09-30 2.07
2018-06-30 1.99
2018-03-31 1.76
2017-12-31 1.40
2017-09-30 1.61
2017-06-30 1.54
2017-03-31 1.36
2016-12-31 0.55
2016-09-30 -1.56
2016-06-30 -1.56
2016-03-31 -1.37

*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.
  • Wajax is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wajax'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Wajax 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 Wajax 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 Wajax's growth in the last year to its industry (Trade Distributors).
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.
  • Wajax's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Wajax's 1-year earnings growth exceeds its 5-year average (30.9% vs -5.7%)
  • Wajax's earnings growth has exceeded the US Trade Distributors industry average in the past year (30.9% vs 15.7%).
Earnings and Revenue History
Wajax'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 Wajax Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WJXF.F 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 1,481.60 35.85 207.88
2018-09-30 1,468.91 40.47 206.06
2018-06-30 1,399.37 38.86 200.38
2018-03-31 1,342.60 34.46 197.58
2017-12-31 1,318.73 27.38 196.05
2017-09-30 1,256.97 31.68 196.40
2017-06-30 1,245.71 30.51 192.53
2017-03-31 1,256.34 27.06 191.21
2016-12-31 1,221.91 11.00 194.39
2016-09-30 1,232.62 -31.16 196.43
2016-06-30 1,236.92 -31.18 200.07
2016-03-31 1,241.08 -26.50 203.00
2015-12-31 1,273.31 -11.02 203.09
2015-09-30 1,334.98 33.44 205.02
2015-06-30 1,403.53 36.98 208.50
2015-03-31 1,437.18 40.30 211.40
2014-12-31 1,451.33 41.23 215.24
2014-09-30 1,456.94 42.26 213.35
2014-06-30 1,435.95 42.73 213.51
2014-03-31 1,423.58 43.94 210.11
2013-12-31 1,428.48 47.69 207.84
2013-09-30 1,401.70 49.67 209.30
2013-06-30 1,419.62 54.29 206.51
2013-03-31 1,444.21 59.25 208.30
2012-12-31 1,466.01 65.94 207.67
2012-09-30 1,478.27 68.31 210.36
2012-06-30 1,483.79 70.02 211.01

*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.
  • Wajax has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wajax used its assets less efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • Wajax has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wajax'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 Trade Distributors 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.
Wajax 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 Wajax'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 Wajax's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wajax is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wajax's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wajax'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.
  • Debt is covered by short term assets, assets are 2.6x debt.
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 Wajax Company Filings, last reported 3 months ago.

OTCPK:WJXF.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 296.97 235.80
2018-09-30 312.42 197.11
2018-06-30 300.44 188.60
2018-03-31 292.01 170.06
2017-12-31 274.67 154.90
2017-09-30 279.58 153.70
2017-06-30 274.38 141.16
2017-03-31 276.61 133.96
2016-12-31 276.82 130.81 4.85
2016-09-30 272.93 148.29 0.37
2016-06-30 270.22 162.24 3.59
2016-03-31 272.38 162.71 4.48
2015-12-31 288.50 162.62 13.61
2015-09-30 325.72 167.53
2015-06-30 322.75 170.33 3.00
2015-03-31 246.74 252.00
2014-12-31 248.52 200.95
2014-09-30 247.94 224.72
2014-06-30 246.12 218.20
2014-03-31 244.10 217.81
2013-12-31 247.19 209.17 4.15
2013-09-30 243.19 225.32
2013-06-30 241.69 221.24
2013-03-31 239.13 218.98
2012-12-31 241.89 173.70
2012-09-30 241.57 139.28
2012-06-30 238.92 119.33
  • Wajax's level of debt (79.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (84.7% vs 79.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Wajax'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. Wajax 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 Wajax'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
6.18%
Current annual income from Wajax dividends. Estimated to be 6.18% next year.
If you bought $2,000 of Wajax shares you are expected to receive $124 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?
  • Wajax's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Wajax's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
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
OTCPK:WJXF.F 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
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:WJXF.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 1.00 1.00
2019-12-31 1.00 1.00
OTCPK:WJXF.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-21 1.000 6.026
2018-11-06 1.000 5.373
2018-08-09 1.000 3.913
2018-05-07 1.000 3.957
2017-11-07 1.000 4.229
2017-08-11 1.000 4.843
2017-05-02 1.000 4.331
2017-03-07 1.000 4.334
2016-11-01 1.000 4.305
2016-05-03 1.000 6.620
2016-03-01 1.000 5.750
2015-11-03 1.000 6.233
2015-03-03 1.000 4.369
2014-11-04 2.400 8.309
2014-08-06 2.400 6.501
2014-05-06 2.400 6.885
2014-03-04 2.400 6.511
2013-08-09 2.400 6.581
2013-03-05 3.240 9.348
2012-11-06 3.240 7.584
2012-08-10 3.240 7.204
2012-05-08 3.240 6.627
2012-03-06 3.240 6.671
2011-11-02 2.400 6.029
2011-08-03 2.400 6.991
2011-05-10 2.160 5.742
2011-01-04 1.800 4.673
2010-12-15 1.800 4.800
2010-11-04 1.800 4.935
2010-08-06 1.800 6.151
2010-07-05 1.800 7.396
2010-05-07 1.800 7.610
2010-02-26 1.800 6.962
2009-12-15 1.800 7.929
2009-11-04 1.800 9.193
2009-08-05 1.800 10.295
2009-05-06 2.400 15.091
2009-04-20 2.400 15.977

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 Wajax's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Wajax'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 Wajax afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wajax has a total score of 4/6, 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 Wajax'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
A. Foote
COMPENSATION CA$3,394,845
AGE 57
TENURE AS CEO 7.1 years
CEO Bio

Mr. A. Mark Foote has been the Chief Executive Officer and President of Wajax Corporation since March 05, 2012. Mr. Foote served as President and Chief Executive Officer (Canada) of Zellers Inc. since August 2008. He served as President and Chief Merchandising Officer (Canada) of Loblaw Companies Limited from September 20, 2006 to April 2008 and served as its Executive Vice-President of General Merchandise since May 2006 and was responsible for all procurement and merchandising activities in the general merchandise business. He spent the previous 27 years in increasingly senior roles within a major national retailer. He spent more than 20 years at retailer Canadian Tire. He served as President of Canadian Tire Retail of Canadian Tire Corp. Ltd since 2001. Mr. Foote has been a Director at Wajax Corporation since March 06, 2012 He holds a Masters of Business Administration from the University of Toronto.

CEO Compensation
  • A.'s compensation has increased by more than 20% in the past year.
  • A.'s remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Wajax management team in years:

4.2
Average Tenure
  • The tenure for the Wajax management team is about average.
Management Team

A. Foote

TITLE
President
COMPENSATION
CA$3M
AGE
57
TENURE
7.1 yrs

Stuart Auld

TITLE
Senior Vice President of Human Resources & Information Systems
COMPENSATION
CA$950K
TENURE
2.3 yrs

Tom Plain

TITLE
Senior Vice President of Service Operations
COMPENSATION
CA$951K
TENURE
3.3 yrs

Steve Deck

TITLE
Senior Vice President of Business Development
COMPENSATION
CA$1M
TENURE
5.1 yrs

Darren Yaworsky

TITLE
Executive Officer
COMPENSATION
CA$1M
AGE
47

Andrew Tam

TITLE
General Counsel & Corporate Secretary
TENURE
8.3 yrs

Trevor Carson

TITLE
VP of Financial Planning & Risk Management & Treasurer
TENURE
2.3 yrs

Tania Casadinho

TITLE
VP of Finance & Controller
Board of Directors Tenure

Average tenure and age of the Wajax board of directors in years:

7.1
Average Tenure
61
Average Age
  • The tenure for the Wajax board of directors is about average.
Board of Directors

Rob Dexter

TITLE
Chairman of the Board
COMPENSATION
CA$193K
AGE
66
TENURE
1.9 yrs

A. Foote

TITLE
President
COMPENSATION
CA$3M
AGE
57
TENURE
7.1 yrs

John Eby

TITLE
Independent Director
COMPENSATION
CA$119K
AGE
66
TENURE
12.7 yrs

Doug Carty

TITLE
Independent Director
COMPENSATION
CA$129K
AGE
61
TENURE
10.3 yrs

Sylvia Chrominska

TITLE
Independent Director
COMPENSATION
CA$117K
AGE
67
TENURE
3.9 yrs

Ed Barrett

TITLE
Independent Director
COMPENSATION
CA$115K
AGE
64
TENURE
13.1 yrs

Sandy Taylor

TITLE
Independent Director
COMPENSATION
CA$115K
AGE
60
TENURE
10.3 yrs

Tom Alford

TITLE
Independent Director
COMPENSATION
CA$114K
AGE
60
TENURE
4.3 yrs

Anne Bélec

TITLE
Director
AGE
55
TENURE
0.4 yrs

H. MacNeill

TITLE
Honorary Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Wajax insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Apr 19 Buy Andrew Tam Individual 28. Mar 19 28. Mar 19 1,000 $12.34 $12,343
28. Mar 19 Buy A. Foote Individual 25. Mar 19 25. Mar 19 10,000 $12.16 $121,566
28. Mar 19 Buy Thomas Alford Individual 25. Mar 19 25. Mar 19 5,000 $12.25 $61,271
28. Mar 19 Buy Robert Dexter Individual 26. Mar 19 26. Mar 19 10,000 $12.27 $122,748
X
Management checks
We assess Wajax'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. Wajax 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

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment. It also offers industrial products, power generation solutions, and on and off highway power products. Further, the company provides maintenance, repair, rebuild, field, and product support services; and used equipment, such as forklifts, excavators, telehandlers, wheel loaders, and others. The company was formerly known as Wajax Income Fund and changed its name to Wajax Corporation in January 2011. Wajax Corporation was founded in 1858 and is based in Mississauga, Canada.

Details
Name: Wajax Corporation
WJXF.F
Exchange: OTCPK
Founded: 1858
CA$241,899,625
19,983,987
Website: http://www.wajax.com
Address: Wajax Corporation
2250 Argentia Road,
Mississauga,
Ontario, L5N 6A5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WJX Common Shares The Toronto Stock Exchange CA CAD 09. May 1996
OTCPK WJXF.F Common Shares Pink Sheets LLC US USD 09. May 1996
DB 5WJ Common Shares Deutsche Boerse AG DE EUR 09. May 1996
Number of employees
Current staff
Staff numbers
2,800
Wajax employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:32
End of day share price update: 2019/04/15 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/03/21
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.