company background image
WDFC

WD-40NasdaqGS:WDFC Stock Report

Last Price

US$228.12

Market Cap

US$3.1b

7D

-10.5%

1Y

-21.0%

Updated

21 Jan, 2022

Data

Company Financials +
WDFC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends4/6

WDFC Stock Overview

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

WD-40 Competitors

Innospec

NasdaqGS:IOSP

US$2.3b

FutureFuel

NYSE:FF

US$329.1m

Federal Screw Works

OTCPK:FSCR

US$12.4m

Price History & Performance

Summary of all time highs, changes and price drops for WD-40
Historical stock prices
Current Share PriceUS$228.12
52 Week HighUS$333.42
52 Week LowUS$207.11
Beta-0.22
1 Month Change-9.76%
3 Month Change4.63%
1 Year Change-21.05%
3 Year Change32.22%
5 Year Change117.98%
Change since IPO1,282.55%

Recent News & Updates

Dec 17
WD-40 (NASDAQ:WDFC) Is Paying Out A Larger Dividend Than Last Year

WD-40 (NASDAQ:WDFC) Is Paying Out A Larger Dividend Than Last Year

The board of WD-40 Company ( NASDAQ:WDFC ) has announced that it will be increasing its dividend on the 31st of January...

Dec 08
WD-40 (NASDAQ:WDFC) Knows How To Allocate Capital

WD-40 (NASDAQ:WDFC) Knows How To Allocate Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...

Dec 06

WD-40 Company: Even An Excellent Firm Is Only Worth So Much

WD-40 Company is truly an excellent business and its long-term prospects are promising. The overall risk for shareholders is limited, but there is a substantial risk of underperformance. This is due to the fact that shares of the firm are incredibly pricey at this time.

Shareholder Returns

WDFCUS Household ProductsUS Market
7D-10.5%1.4%-4.0%
1Y-21.0%17.6%6.6%

Return vs Industry: WDFC underperformed the US Household Products industry which returned 17.2% over the past year.

Return vs Market: WDFC underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is WDFC's price volatile compared to industry and market?
WDFC volatility
WDFC Average Weekly Movement5.3%
Household Products Industry Average Movement3.5%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: WDFC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: WDFC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1953540Garry Ridgehttps://www.wd40company.com

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name. It also offers multi-purpose and specialty drip oils, and spray lubricant products, as well as other specialty maintenance products under the 3-IN-ONE brand name; and professional spray maintenance products and lubricants for the bike market under the GT85 brand name.

WD-40 Fundamentals Summary

How do WD-40's earnings and revenue compare to its market cap?
WDFC fundamental statistics
Market CapUS$3.12b
Earnings (TTM)US$64.93m
Revenue (TTM)US$498.30m

48.1x

P/E Ratio

6.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WDFC income statement (TTM)
RevenueUS$498.30m
Cost of RevenueUS$236.33m
Gross ProfitUS$261.96m
ExpensesUS$197.03m
EarningsUS$64.93m

Last Reported Earnings

Nov 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.74
Gross Margin52.57%
Net Profit Margin13.03%
Debt/Equity Ratio57.2%

How did WDFC perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

62%

Payout Ratio

Valuation

Is WD-40 undervalued compared to its fair value and its price relative to the market?

48.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WDFC ($228.62) is trading above our estimate of fair value ($108.48)

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


Price To Earnings Ratio

PE vs Industry: WDFC is poor value based on its PE Ratio (48.2x) compared to the US Household Products industry average (29.3x).

PE vs Market: WDFC is poor value based on its PE Ratio (48.2x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: WDFC is poor value based on its PEG Ratio (4.6x)


Price to Book Ratio

PB vs Industry: WDFC is overvalued based on its PB Ratio (15.8x) compared to the US Household Products industry average (6.6x).


Future Growth

How is WD-40 forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WDFC's forecast earnings growth (10.6% per year) is above the savings rate (2%).

Earnings vs Market: WDFC's earnings (10.6% per year) are forecast to grow slower than the US market (13.1% per year).

High Growth Earnings: WDFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: WDFC's revenue (6.1% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: WDFC's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WDFC's Return on Equity is forecast to be high in 3 years time


Past Performance

How has WD-40 performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WDFC has high quality earnings.

Growing Profit Margin: WDFC's current net profit margins (13%) are lower than last year (16.5%).


Past Earnings Growth Analysis

Earnings Trend: WDFC's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: WDFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WDFC had negative earnings growth (-9.6%) over the past year, making it difficult to compare to the Household Products industry average (-2.6%).


Return on Equity

High ROE: WDFC's Return on Equity (32.8%) is considered high.


Financial Health

How is WD-40's financial position?


Financial Position Analysis

Short Term Liabilities: WDFC's short term assets ($233.3M) exceed its short term liabilities ($81.1M).

Long Term Liabilities: WDFC's short term assets ($233.3M) exceed its long term liabilities ($142.0M).


Debt to Equity History and Analysis

Debt Level: WDFC's net debt to equity ratio (27.2%) is considered satisfactory.

Reducing Debt: WDFC's debt to equity ratio has reduced from 104.7% to 57.2% over the past 5 years.

Debt Coverage: WDFC's debt is well covered by operating cash flow (52.7%).

Interest Coverage: WDFC's interest payments on its debt are well covered by EBIT (35.8x coverage).


Balance Sheet


Dividend

What is WD-40 current dividend yield, its reliability and sustainability?

1.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WDFC's dividend (1.36%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: WDFC's dividend (1.36%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: WDFC's dividends per share have been stable in the past 10 years.

Growing Dividend: WDFC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.1%), WDFC'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.


Next Steps

Management

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

11.9yrs

Average management tenure


CEO

Garry Ridge (65 yo)

24.25yrs

Tenure

US$3,729,888

Compensation

Mr. Garry O. Ridge serves as Chairman of the Board at WD-40 Company since December 10, 2019. He has been the Chief Executive Officer at WD-40 Company since October 1, 1997 and served as its President from...


CEO Compensation Analysis

Compensation vs Market: Garry's total compensation ($USD3.73M) is about average for companies of similar size in the US market ($USD5.15M).

Compensation vs Earnings: Garry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: WDFC's management team is seasoned and experienced (11.9 years average tenure).


Board Members

Experienced Board: WDFC's board of directors are considered experienced (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: WDFC insiders have only sold shares 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

WD-40 Company's employee growth, exchange listings and data sources


Key Information

  • Name: WD-40 Company
  • Ticker: WDFC
  • Exchange: NasdaqGS
  • Founded: 1953
  • Industry: Household Products
  • Sector: Household
  • Implied Market Cap: US$3.122b
  • Shares outstanding: 13.69m
  • Website: https://www.wd40company.com

Number of Employees


Location

  • WD-40 Company
  • 9715 Businesspark Avenue
  • San Diego
  • California
  • 92131
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:37
End of Day Share Price2022/01/21 00:00
Earnings2021/11/30
Annual Earnings2021/08/31


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.