WD-40
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 last earnings update was 45 days ago. More info.
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WDFC Share Price and Events
7 Day Returns
1 Year Returns
WDFC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| WD-40 (WDFC) | -1.3% | -4.1% | -10.7% | 14.8% | 44.3% | 123% |
| US Household Products | -1% | 2.9% | 5.8% | 41.8% | 31.2% | 38.6% |
| US Market | -2.1% | -4.2% | 0% | 1.3% | 33.5% | 38% |
1 Year Return vs Industry and Market
- WDFC underperformed the Household Products industry which returned 41.8% over the past year.
- WDFC outperformed the Market in United States of America which returned 1.3% over the past year.
WDFC Value
Is WD-40 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
WD-40
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for WD-40.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Household Products Unlevered Beta | Simply Wall St/ S&P Global | 0.33 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.333 (1 + (1- 21%) (4.02%)) |
0.56 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NasdaqGS:WDFC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for WD-40 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 31.60 | Analyst x1 | 29.40 |
| 2020 | 42.70 | Analyst x1 | 36.95 |
| 2021 | 40.99 | Est @ -4.01% | 33.00 |
| 2022 | 40.17 | Est @ -1.99% | 30.08 |
| 2023 | 39.94 | Est @ -0.57% | 27.83 |
| 2024 | 40.11 | Est @ 0.42% | 25.99 |
| 2025 | 40.56 | Est @ 1.11% | 24.45 |
| 2026 | 41.21 | Est @ 1.6% | 23.11 |
| 2027 | 42.00 | Est @ 1.94% | 21.91 |
| 2028 | 42.92 | Est @ 2.18% | 20.83 |
| Present value of next 10 years cash flows | $273.55 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $42.92 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$924.71 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $924.71 ÷ (1 + 7.5%)10 |
$448.75 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $273.55 + $448.75 |
$722.29 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $722.29 / 13.80 |
$52.35 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $52.35 |
| Current discount | Discount to share price of
$160.96
= -1 x ($160.96 - $52.35) / $52.35 |
-207.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of WD-40 is above its future cash flow value.
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 WD-40's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
WD-40's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-02-28) in USD | $4.80 |
| NasdaqGS:WDFC Share Price ** | NasdaqGS (2019-05-24) in USD | $160.96 |
| United States of America Household Products Industry PE Ratio | Median Figure of 9 Publicly-Listed Household Products Companies | 24.33x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.36x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of WD-40.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:WDFC Share Price ÷ EPS (both in USD) = 160.96 ÷ 4.80 |
33.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WD-40 is overvalued based on earnings compared to the US Household Products industry average.
- WD-40 is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
WD-40's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 33.54x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
7.6%per year |
| United States of America Household Products Industry PEG Ratio | Median Figure of 6 Publicly-Listed Household Products Companies | 4.44x |
| United States of America Market PEG Ratio | Median Figure of 2,120 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 33.54x ÷ 7.6% |
4.43x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WD-40 is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
WD-40's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-02-28) in USD | $11.28 |
| NasdaqGS:WDFC Share Price * | NasdaqGS (2019-05-24) in USD | $160.96 |
| United States of America Household Products Industry PB Ratio | Median Figure of 12 Publicly-Listed Household Products Companies | 3.31x |
| United States of America Market PB Ratio | Median Figure of 5,207 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:WDFC Share Price ÷ Book Value per Share (both in USD) = 160.96 ÷ 11.28 |
14.27x |
* Primary Listing of WD-40.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WD-40 is overvalued based on assets compared to the US Household Products industry average.
Value checks
We assess WD-40's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check) WD-40 has a total score of 0/6, 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.
WDFC Future Performance
How is WD-40 expected to perform in the next 1 to 3 years based on estimates from 2 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!
Earnings growth vs Low Risk Savings
- WD-40's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- WD-40's earnings growth is positive but not above the United States of America market average.
- WD-40's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:WDFC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 7.6% |
| NasdaqGS:WDFC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 5.9% |
| United States of America Household Products Industry Earnings Growth Rate | Market Cap Weighted Average | 6.2% |
| United States of America Household Products Industry Revenue Growth Rate | Market Cap Weighted Average | 3.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-08-31 | 504 | 83 | 1 | |
| 2021-08-31 | 479 | 75 | 1 | |
| 2020-08-31 | 454 | 67 | 70 | 2 |
| 2019-08-31 | 423 | 58 | 63 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-02-28 | 412 | 61 | 67 |
| 2018-11-30 | 412 | 61 | 65 |
| 2018-08-31 | 409 | 65 | 65 |
| 2018-05-31 | 402 | 59 | 58 |
| 2018-02-28 | 394 | 60 | 56 |
| 2017-11-30 | 389 | 53 | 53 |
| 2017-08-31 | 381 | 56 | 53 |
| 2017-05-31 | 381 | 51 | 52 |
| 2017-02-28 | 379 | 67 | 51 |
| 2016-11-30 | 377 | 62 | 52 |
| 2016-08-31 | 381 | 65 | 52 |
| 2016-05-31 | 375 | 64 | 50 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from WD-40 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-08-31 | 6.15 | 6.15 | 6.15 | 1.00 |
| 2021-08-31 | 5.50 | 5.50 | 5.50 | 1.00 |
| 2020-08-31 | 5.08 | 5.25 | 4.90 | 2.00 |
| 2019-08-31 | 4.56 | 4.56 | 4.55 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-02-28 | 4.80 |
| 2018-11-30 | 4.71 |
| 2018-08-31 | 4.65 |
| 2018-05-31 | 4.12 |
| 2018-02-28 | 3.99 |
| 2017-11-30 | 3.81 |
| 2017-08-31 | 3.73 |
| 2017-05-31 | 3.71 |
| 2017-02-28 | 3.57 |
| 2016-11-30 | 3.64 |
| 2016-08-31 | 3.65 |
| 2016-05-31 | 3.46 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess WD-40's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
WD-40 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.
WDFC Past Performance
How has WD-40 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
Past Earnings growth analysis
- WD-40's year on year earnings growth rate has been positive over the past 5 years.
- WD-40's 1-year earnings growth exceeds its 5-year average (19% vs 9.7%)
- WD-40's earnings growth has exceeded the US Household Products industry average in the past year (19% vs 4.1%).
Earnings and Revenue History
All data from WD-40 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-02-28 | 412.28 | 66.53 | 147.70 | |
| 2018-11-30 | 412.20 | 65.44 | 147.57 | |
| 2018-08-31 | 408.52 | 64.79 | 145.21 | |
| 2018-05-31 | 402.44 | 57.58 | 141.02 | |
| 2018-02-28 | 393.59 | 55.91 | 138.39 | |
| 2017-11-30 | 388.86 | 53.47 | 137.63 | |
| 2017-08-31 | 380.51 | 52.61 | 135.10 | |
| 2017-05-31 | 381.10 | 52.47 | 139.07 | |
| 2017-02-28 | 379.37 | 50.69 | 141.51 | |
| 2016-11-30 | 377.40 | 51.99 | 140.34 | |
| 2016-08-31 | 380.67 | 52.29 | 140.05 | |
| 2016-05-31 | 375.50 | 49.80 | 136.04 | |
| 2016-02-29 | 371.54 | 48.12 | 132.78 | |
| 2015-11-30 | 374.32 | 45.80 | 131.92 | |
| 2015-08-31 | 378.15 | 44.54 | 131.75 | |
| 2015-05-31 | 383.79 | 44.36 | 132.51 | |
| 2015-02-28 | 386.96 | 43.81 | 133.72 | |
| 2014-11-30 | 383.81 | 42.81 | 133.52 | |
| 2014-08-31 | 383.00 | 43.51 | 132.50 | |
| 2014-05-31 | 378.84 | 40.13 | 134.58 | |
| 2014-02-28 | 376.30 | 40.00 | 133.53 | |
| 2013-11-30 | 368.83 | 40.14 | 130.11 | |
| 2013-08-31 | 368.55 | 39.62 | 129.19 | |
| 2013-05-31 | 359.93 | 40.45 | 120.80 | |
| 2013-02-28 | 353.85 | 39.34 | 117.94 | |
| 2012-11-30 | 353.10 | 39.47 | 115.56 | |
| 2012-08-31 | 342.78 | 35.33 | 114.62 | |
| 2012-05-31 | 348.67 | 36.55 | 114.76 |
*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.
- WD-40 made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
- WD-40 used its assets more efficiently than the US Household Products industry average last year based on Return on Assets.
- WD-40 has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess WD-40's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
WD-40 has a total score of 6/6, 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.
WDFC Health
How is WD-40'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 WD-40's finances.
The net worth of a company is the difference between its assets and liabilities.
- WD-40 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- WD-40's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.8x 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.
All data from WD-40 Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-02-28 | 155.89 | 89.33 | 31.82 |
| 2018-11-30 | 151.97 | 79.06 | 31.79 |
| 2018-08-31 | 155.49 | 86.40 | 49.09 |
| 2018-05-31 | 148.54 | 168.14 | 123.57 |
| 2018-02-28 | 154.34 | 167.22 | 123.41 |
| 2017-11-30 | 145.35 | 164.00 | 129.52 |
| 2017-08-31 | 139.39 | 154.00 | 117.25 |
| 2017-05-31 | 134.34 | 154.00 | 111.60 |
| 2017-02-28 | 129.56 | 148.23 | 101.29 |
| 2016-11-30 | 128.45 | 134.35 | 100.82 |
| 2016-08-31 | 140.40 | 122.00 | 108.52 |
| 2016-05-31 | 150.67 | 118.00 | 110.06 |
| 2016-02-29 | 146.65 | 122.54 | 93.55 |
| 2015-11-30 | 153.85 | 118.00 | 112.74 |
| 2015-08-31 | 157.86 | 108.00 | 102.50 |
| 2015-05-31 | 155.99 | 108.00 | 95.18 |
| 2015-02-28 | 160.55 | 103.00 | 85.76 |
| 2014-11-30 | 160.06 | 98.00 | 89.09 |
| 2014-08-31 | 169.42 | 98.00 | 102.85 |
| 2014-05-31 | 176.00 | 83.00 | 90.31 |
| 2014-02-28 | 177.63 | 73.00 | 85.98 |
| 2013-11-30 | 186.60 | 63.00 | 92.14 |
| 2013-08-31 | 179.51 | 63.00 | 90.95 |
| 2013-05-31 | 181.41 | 63.00 | 87.46 |
| 2013-02-28 | 184.51 | 50.00 | 75.43 |
| 2012-11-30 | 185.62 | 45.00 | 74.32 |
| 2012-08-31 | 185.46 | 45.00 | 70.75 |
| 2012-05-31 | 183.80 | 45.00 | 72.21 |
- WD-40's level of debt (57.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (41.2% vs 57.3% today).
- Debt is well covered by operating cash flow (68.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 22x coverage).
Financial health checks
We assess WD-40's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) WD-40 has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
WDFC Dividends
What is WD-40'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
If you bought
$2,000 of
WD-40
shares you are expected to receive
$30
in your first year as a dividend.
Dividend Amount
- WD-40's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- WD-40's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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.
| 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 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Household Products Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 2.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-08-31 | ||
| 2021-08-31 | ||
| 2020-08-31 | ||
| 2019-08-31 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-19 | 2.440 | 1.463 |
| 2018-12-11 | 2.440 | 1.375 |
| 2018-10-09 | 2.160 | 1.295 |
| 2018-06-19 | 2.160 | 1.316 |
| 2018-03-20 | 2.160 | 1.595 |
| 2017-12-12 | 2.160 | 1.745 |
| 2017-10-10 | 1.960 | 1.718 |
| 2017-06-20 | 1.960 | 1.804 |
| 2017-03-21 | 1.960 | 1.845 |
| 2016-12-13 | 1.960 | 1.788 |
| 2016-10-11 | 1.680 | 1.552 |
| 2016-06-21 | 1.680 | 1.447 |
| 2016-03-22 | 1.680 | 1.562 |
| 2015-12-08 | 1.680 | 1.647 |
| 2015-10-02 | 1.520 | 1.580 |
| 2015-06-23 | 1.520 | 1.744 |
| 2015-03-24 | 1.520 | 1.794 |
| 2014-12-09 | 1.520 | 1.826 |
| 2014-10-03 | 1.360 | 1.829 |
| 2014-06-24 | 1.360 | 1.954 |
| 2014-03-25 | 1.360 | 1.855 |
| 2013-12-10 | 1.360 | 1.866 |
| 2013-10-04 | 1.240 | 1.754 |
| 2013-07-09 | 1.240 | 2.070 |
| 2013-07-08 | 1.240 | 2.161 |
| 2013-03-19 | 1.240 | 2.257 |
| 2012-12-11 | 1.240 | 2.411 |
| 2012-10-05 | 1.160 | 2.426 |
| 2012-06-19 | 1.160 | 2.331 |
| 2012-03-20 | 1.160 | 2.532 |
| 2011-12-13 | 1.160 | 2.733 |
| 2011-10-07 | 1.080 | 2.570 |
| 2011-06-21 | 1.080 | 2.635 |
| 2011-03-22 | 1.080 | 2.629 |
| 2010-12-14 | 1.080 | 2.697 |
| 2010-10-01 | 1.080 | 2.782 |
| 2010-06-22 | 1.000 | 2.814 |
| 2010-03-23 | 1.000 | 2.941 |
| 2009-12-08 | 1.000 | 3.137 |
| 2009-10-02 | 1.000 | 3.085 |
| 2009-06-23 | 1.000 | 3.455 |
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
WD-40's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.1x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess WD-40's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can WD-40 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) WD-40 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.
WDFC Management
CEO
| COMPENSATION | $2,429,992 |
| AGE | 62 |
| TENURE AS CEO | 21.6 years |
CEO Bio
Mr. Garry O. Ridge has been the Chief Executive Officer and President at WD-40 Company since October 1, 1997. Mr. Ridge serves as the Chief Executive Officer and President at WD-40 Company Limited. He joined WD 40 Co. in 1987 as Managing Director of WD-40 Company (Australia) Pty. Limited and he was responsible for Wd 40 Co.'s operations throughout the Pacific and Asia. Mr. Ridge transferred to the corporate office of WD 40 Co. in September 1994 as Director of International Operations and also served as its Vice President of International. He served as Chief Operating Officer and Executive Vice President of WD-40 Company from December 1996 to 1997. Prior to WD-40 Co., Mr. Ridge served as Managing Director of Mermax Pacific Pty. Ltd. and served as an Executive Officer of Hawker Pacific Pty Ltd. (a Hawker Siddeley PLC Group Company). He has been a Director of WD-40 Company since November 25, 1997. Mr. Ridge serves as a Director at The Ken Blanchard Companies, Inc. He served as national vice president of the Australian Marketing Institute and the Australian Automotive Aftermarket Association. Mr. Ridge holds a diploma in retail and wholesale distribution from Sydney Technical College and a Master of Science in Executive Leadership from the University of San Diego.
CEO Compensation
- Garry's compensation has been consistent with company performance over the past year, both up more than 20%.
- Garry's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the WD-40 management team in years:
- The average tenure for the WD-40 management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Garry Ridge
CEO, President & Director
$2M
62
21.6 yrs
Jay Rembolt
CFO, VP of Finance & Treasurer
$780K
67
11.1 yrs
Rich Clampitt
Corporate Secretary
$637K
63
5.3 yrs
Michael Freeman
Chief Strategy Officer
$811K
65
3.3 yrs
Steven Brass
Division President of the Americas & Chief Brand Officer
$785K
52
3.3 yrs
Wendy Kelley
Director of Investor Relations & Corporate Communications
Geoff Holdsworth
Managing Director of Asia Pacific
$623K
56
22.3 yrs
William Noble
Managing Director of Europe
$650K
60
23.3 yrs
Stan Sewitch
Vice President of Global Organisation Development
$602K
65
7.3 yrs
Board of Directors Tenure
Average tenure and age of the WD-40 board of directors in years:
- The tenure for the WD-40 board of directors is about average.
Board of Directors
Linda Lang
Chairman of the Board
$147K
60
2.4 yrs
Garry Ridge
CEO, President & Director
$2M
62
21.5 yrs
Greg Sandfort
Director
$132K
63
7.6 yrs
Melissa Claassen
Director
$130K
46
4.2 yrs
Dan Carter
Director
$138K
61
3.2 yrs
Eric Etchart
Director
$128K
61
2.4 yrs
Neal Schmale
Director
$134K
71
17.9 yrs
Dan Pittard
Director
$130K
66
2.9 yrs
David Pendarvis
Director
$108K
59
1.4 yrs
Anne Saunders
Director
56
0.2 yrs
Who owns this company?
Recent Insider Trading
- WD-40 insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Apr 19 | Sell | Steven Brass | Individual | 18. Apr 19 | 18. Apr 19 | -822 | $164.30 | $-135,055 | ||
| 19. Apr 19 | Buy | Daniel Pittard | Individual | 18. Apr 19 | 18. Apr 19 | 400 | $165.00 | $66,000 | ||
| 20. Nov 18 | Sell | Michael Freeman | Individual | 16. Nov 18 | 16. Nov 18 | -6,000 | $167.36 | $-1,004,166 | ||
| 15. Nov 18 | Sell | Michael Freeman | Individual | 14. Nov 18 | 14. Nov 18 | -5,386 | $169.23 | $-911,473 | ||
| 31. Oct 18 | Sell | Stanley Sewitch | Individual | 29. Oct 18 | 29. Oct 18 | -2,167 | $166.15 | $-360,047 | ||
| 16. Aug 18 | Sell | William Noble | Individual | 15. Aug 18 | 15. Aug 18 | -2,000 | $166.13 | $-332,260 | ||
| 20. Jul 18 | Sell | Geoffrey Holdsworth | Individual | 18. Jul 18 | 18. Jul 18 | -1,592 | $157.90 | $-251,377 | ||
Management checks
We assess WD-40's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) WD-40 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.
WDFC News
Simply Wall St News
Don't Sell WD-40 Company (NASDAQ:WDFC) Before You Read This
The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for WD-40: P/E of 33.96 = $163 ÷ $4.8 (Based on the year to February 2019.) Is A High Price-to-Earnings Ratio Good? … The P/E ratio indicates whether the market has higher or lower expectations of a company. … The Verdict On WD-40's P/E Ratio WD-40 trades on a P/E ratio of 34, which is above the US market average of 17.7.
Simply Wall St - – Full articleWho Has Been Selling WD-40 Company (NASDAQ:WDFC) Shares?
So we'll take a look at whether insiders have been buying or selling shares in WD-40 Company (NASDAQ:WDFC). … Over the last year we saw more insider selling of WD-40 shares, than buying. … Insiders at WD-40 Have Sold Stock Recently We've seen more insider selling than insider buying at WD-40 recently.
Simply Wall St - – Full articleShould You Worry About WD-40 Company's (NASDAQ:WDFC) CEO Salary Level?
In 1997 Garry Ridge was appointed CEO of WD-40 Company (NASDAQ:WDFC). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Garry Ridge's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWD-40 Company (NASDAQ:WDFC): Time For A Financial Health Check
Let’s take a look at WDFC’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself. … WDFC’s Debt (And Cash Flows)
Simply Wall St - – Full articleWhat You Should Know About WD-40 Company's (NASDAQ:WDFC) Financial Strength
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.
Simply Wall St - – Full articleIs WD-40's (NASDAQ:WDFC) Share Price Gain Of 140% Well Earned?
One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, WD-40 managed to grow its earnings per share at 13% a year. … This EPS growth is slower than the share price growth of 19% per year, over the same period.
Simply Wall St - – Full articleWhy You Should Like WD-40 Company’s (NASDAQ:WDFC) ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleWas WD-40 Company's (NASDAQ:WDFC) Earnings Growth Better Than The Industry's?
Examining WD-40 Company's (NASDAQ:WDFC) past track record of performance is an insightful exercise for investors. … Today I will assess WDFC's latest performance announced on 30 November 2018 and compare these figures to its longer term trend and industry movements. … Commentary On WDFC's Past Performance.
Simply Wall St - – Full articleWD-40 Company (NASDAQ:WDFC) Delivered A Better ROE Than Its Industry
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.43 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould We Worry About WD-40 Company's (NASDAQ:WDFC) P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at WD-40 Company's (NASDAQ:WDFC) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWDFC Company Info
Description
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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name. It also provides 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. In addition, the company offers automatic toilet bowl cleaners under the 2000 Flushes brand name; aerosol carpet stain removers, and a liquid trigger carpet stain and odor eliminators under the Spot Shot brand; room and rug deodorizers under the Carpet Fresh brand name; carpet and household cleaners, and rug and room deodorizers under the 1001 brand; heavy-duty hand cleaner products under the Lava brand name in the United States, as well as under the Solvol brand in Australia; and liquid mildew stain removers and automatic toilet bowl cleaners under the X-14 brand name. It sells its products primarily through mass retail and home center stores, warehouse club stores, grocery stores, hardware stores, automotive parts outlets, sport retailers, independent bike dealers, online retailers, and industrial distributors and suppliers. WD-40 Company was founded in 1953 and is headquartered in San Diego, California.
Details
| Name: | WD-40 Company |
| WDFC | |
| Exchange: | NasdaqGS |
| Founded: | 1953 |
| $2,220,812,442 | |
| 13,797,294 | |
| Website: | http://www.wd40company.com |
| Address: |
WD-40 Company 9715 Businesspark Avenue, San Diego, California, 92131, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | WDFC | Common Stock | Nasdaq Global Select | US | USD | 02. Jan 1980 | |
| DB | WD1 | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 |
Number of employees
Current staff
Industry
| Household Products | |
| Household |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/24 23:48 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/04/10 |
| Last earnings filing: | 2019/04/09 |
| Last earnings reported: | 2019/02/28 |
| Last annual earnings reported: | 2018/08/31 |
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.
