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.
Fair value with mediocre balance sheet.
Share Price & News
How has Wajax's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WJXF.F has not had significant price volatility in the past 3 months.
7 Day Return
US Trade Distributors
1 Year Return
US Trade Distributors
Return vs Industry: Insufficient data to determine how WJXF.F performed against the US Trade Distributors industry.
Return vs Market: Insufficient data to determine how WJXF.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Wajax's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Wajax undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WJXF.F ($11.7) is trading above our estimate of fair value ($10.33)
Significantly Below Fair Value: WJXF.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WJXF.F is good value based on its PE Ratio (9.2x) compared to the Trade Distributors industry average (16.2x).
PE vs Market: WJXF.F is good value based on its PE Ratio (9.2x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WJXF.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WJXF.F is good value based on its PB Ratio (1x) compared to the US Trade Distributors industry average (1.7x).
How is Wajax forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if WJXF.F's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if WJXF.F's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WJXF.F's revenue (2.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: WJXF.F's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WJXF.F's Return on Equity is forecast to be low in 3 years time (11.4%).
How has Wajax performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WJXF.F has high quality earnings.
Growing Profit Margin: WJXF.F's current net profit margins (2.2%) are lower than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: WJXF.F's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: WJXF.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WJXF.F had negative earnings growth (-2.7%) over the past year, making it difficult to compare to the Trade Distributors industry average (5%).
Return on Equity
High ROE: WJXF.F's Return on Equity (10.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Wajax's financial position?
Financial Position Analysis
Short Term Liabilities: WJXF.F's short term assets (CA$699.2M) exceed its short term liabilities (CA$296.8M).
Long Term Liabilities: WJXF.F's short term assets (CA$699.2M) exceed its long term liabilities (CA$400.1M).
Debt to Equity History and Analysis
Debt Level: WJXF.F's debt to equity ratio (93.3%) is considered high.
Reducing Debt: WJXF.F's debt to equity ratio has increased from 85.7% to 93.3% over the past 5 years.
Debt Coverage: WJXF.F's debt is not well covered by operating cash flow (0.2%).
Interest Coverage: WJXF.F's interest payments on its debt are well covered by EBIT (4.2x coverage).
Inventory Level: WJXF.F has a high level of physical assets or inventory.
Debt Coverage by Assets: WJXF.F's debt is covered by short term assets (assets are 2.4x debt).
What is Wajax's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WJXF.F's dividend (6.47%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: WJXF.F's dividend (6.47%) is in the top 25% of dividend payers in the US market (3.71%)
Stability and Growth of Payments
Stable Dividend: WJXF.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: WJXF.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.8%), WJXF.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
A. Foote (58yo)
Mr. A. Mark Foote has been the Chief Executive Officer and President of Wajax Corporation since March 05, 2012. Mr. Foote served as President and Chief Executive Officer (Canada) of Zellers Inc. since Augu ...
CEO Compensation Analysis
Compensation vs Market: A.'s total compensation ($USD2.34M) is above average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: A.'s compensation has been consistent with company performance over the past year.
|Chief Financial Officer||0.8yrs||CA$865.72k||0.0088% CA$20.6k|
|Chief Operating Officer||0.4yrs||CA$1.05m||0.040% CA$93.5k|
|General Counsel & Corporate Secretary||9.1yrs||no data||0.024% CA$55.6k|
|Vice President of Supply Chain & Corporate Development||0yrs||no data||0.0099% CA$23.2k|
|Vice President of Human Resources||0.8yrs||no data||0.00078% CA$1.8k|
|VP of Corporate & Controller||0yrs||no data||no data|
Experienced Management: WJXF.F's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Independent Director||11.1yrs||CA$135.50k||no data|
|Independent Director||13.5yrs||CA$124.00k||0.035% CA$81.8k|
|Independent Director||4.8yrs||CA$127.50k||0.050% CA$116.9k|
|Independent Director||13.9yrs||CA$117.00k||0.00070% CA$1.6k|
|Chairman of the Board||2.8yrs||CA$225.00k||1.5% CA$3.5m|
|Honorary Director||0yrs||no data||no data|
|Independent Director||5.2yrs||CA$118.50k||0.20% CA$465.2k|
|Independent Director||11.1yrs||CA$118.50k||0.030% CA$70.1k|
|Independent Director||1.3yrs||CA$18.44k||no data|
Experienced Board: WJXF.F's board of directors are considered experienced (7.9 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
Wajax Corporation's company bio, employee growth, exchange listings and data sources
- Name: Wajax Corporation
- Ticker: WJXF.F
- Exchange: OTCPK
- Founded: 1858
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: CA$310.180m
- Listing Market Cap: CA$233.893m
- Shares outstanding: 20.01m
- Website: https://www.wajax.com
Number of Employees
- Wajax Corporation
- 2250 Argentia Road
- L5N 6A5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WJX||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||May 1996|
|WJXF.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||May 1996|
|5WJ||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||May 1996|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/21 01:02|
|End of Day Share Price||2020/02/20 00:00|
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.