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WD-40

Nasdaq:WDFC
Snowflake Description

Outstanding track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WDFC
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Household
Company 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 last earnings update was 71 days ago. More info.


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WDFC Share Price and Events
7 Day Returns
0%
NasdaqGS:WDFC
0%
US Household Products
1.2%
US Market
1 Year Returns
10.1%
NasdaqGS:WDFC
38.3%
US Household Products
2.3%
US Market
WDFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WD-40 (WDFC) 0% 0.2% -6.5% 10.1% 40.6% 118.7%
US Household Products 0% 1.9% 7.2% 38.3% 29.6% 42.8%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • WDFC underperformed the Household Products industry which returned 38.3% over the past year.
  • WDFC outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
WDFC
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for WD-40.

NasdaqGS:WDFC Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:WDFC
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 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.365 (1 + (1- 21%) (3.99%))
0.582
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.

NasdaqGS:WDFC DCF 1st Stage: Next 10 year cash flow forecast
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
NasdaqGS:WDFC DCF 2nd Stage: Terminal Value
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
NasdaqGS:WDFC Total Equity Value
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
NasdaqGS:WDFC Discount to Share Price
Calculation Result
Value per share (USD) From above. $52.35
Current discount Discount to share price of $162.43
= -1 x ($162.43 - $52.35) / $52.35
-210.3%

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.
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 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?
Raw Data
NasdaqGS:WDFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in USD $4.80
NasdaqGS:WDFC Share Price ** NasdaqGS (2019-06-19) in USD $162.43
United States of America Household Products Industry PE Ratio Median Figure of 9 Publicly-Listed Household Products Companies 24.77x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

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

** Primary Listing of WD-40.

NasdaqGS:WDFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:WDFC Share Price ÷ EPS (both in USD)

= 162.43 ÷ 4.80

33.84x

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?
Raw Data
NasdaqGS:WDFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.84x
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 7 Publicly-Listed Household Products Companies 4.47x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:WDFC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.84x ÷ 7.6%

4.47x

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?
Raw Data
NasdaqGS:WDFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in USD $11.28
NasdaqGS:WDFC Share Price * NasdaqGS (2019-06-19) in USD $162.43
United States of America Household Products Industry PB Ratio Median Figure of 12 Publicly-Listed Household Products Companies 3.1x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqGS:WDFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:WDFC Share Price ÷ Book Value per Share (both in USD)

= 162.43 ÷ 11.28

14.4x

* 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.
X
Value checks
We assess WD-40'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 Household Products 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 Household Products industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WD-40 expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqGS:WDFC Future Growth Rates Data Sources
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 6.5%
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 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NasdaqGS:WDFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:WDFC Future Estimates Data
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
NasdaqGS:WDFC Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • WD-40's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
  • WD-40's revenue is expected to grow by 5.9% 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
NasdaqGS:WDFC 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 2 Analyst Estimates (S&P Global) See Below

All data from WD-40 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:WDFC Future Estimates Data
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
NasdaqGS:WDFC Past Financials Data
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.

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.
  • Unable to establish if WD-40 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess WD-40'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.
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
Below we compare WD-40's growth in the last year to its industry (Household Products).
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.
  • 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
WD-40'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 WD-40 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:WDFC Past Revenue, Cash Flow and Net Income Data
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

*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).
X
Past performance checks
We assess WD-40'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 Household Products 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of WD-40'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 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.
Raw Data

All data from WD-40 Company Filings, last reported 3 months ago.

NasdaqGS:WDFC Past Debt and Equity Data
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
  • 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).
X
Financial health checks
We assess WD-40'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. WD-40 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.

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
Dividend payments
1.5%
Current annual income from WD-40 dividends.
If you bought $2,000 of WD-40 shares you are expected to receive $30 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?
  • WD-40's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • WD-40's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
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
NasdaqGS:WDFC 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 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 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 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 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:WDFC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-08-31
2021-08-31
2020-08-31
2019-08-31
NasdaqGS:WDFC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-18 2.440 1.501
2019-03-19 2.440 1.476
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).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess WD-40'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 WD-40 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of WD-40'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
Garry Ridge
COMPENSATION $2,429,992
AGE 62
TENURE AS CEO 21.7 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:

9.3
Average Tenure
62.5
Average Age
  • 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

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
62
TENURE
21.7 yrs

Jay Rembolt

TITLE
CFO, VP of Finance & Treasurer
COMPENSATION
$780K
AGE
67
TENURE
11.2 yrs

Rich Clampitt

TITLE
Corporate Secretary
COMPENSATION
$637K
AGE
63
TENURE
5.4 yrs

Michael Freeman

TITLE
Chief Strategy Officer
COMPENSATION
$811K
AGE
65
TENURE
3.4 yrs

Steven Brass

TITLE
Division President of the Americas & Chief Brand Officer
COMPENSATION
$785K
AGE
52
TENURE
3.4 yrs

Wendy Kelley

TITLE
Director of Investor Relations & Corporate Communications

Geoff Holdsworth

TITLE
Managing Director of Asia Pacific
COMPENSATION
$623K
AGE
56
TENURE
22.4 yrs

William Noble

TITLE
Managing Director of Europe
COMPENSATION
$650K
AGE
60
TENURE
23.4 yrs

Stan Sewitch

TITLE
Vice President of Global Organisation Development
COMPENSATION
$602K
AGE
65
TENURE
7.4 yrs
Board of Directors Tenure

Average tenure and age of the WD-40 board of directors in years:

3.1
Average Tenure
61
Average Age
  • The tenure for the WD-40 board of directors is about average.
Board of Directors

Linda Lang

TITLE
Chairman of the Board
COMPENSATION
$147K
AGE
60
TENURE
2.5 yrs

Garry Ridge

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
62
TENURE
21.6 yrs

Greg Sandfort

TITLE
Director
COMPENSATION
$132K
AGE
63
TENURE
7.7 yrs

Melissa Claassen

TITLE
Director
COMPENSATION
$130K
AGE
46
TENURE
4.3 yrs

Dan Carter

TITLE
Director
COMPENSATION
$138K
AGE
61
TENURE
3.3 yrs

Eric Etchart

TITLE
Director
COMPENSATION
$128K
AGE
61
TENURE
2.5 yrs

Neal Schmale

TITLE
Director
COMPENSATION
$134K
AGE
71
TENURE
18 yrs

Dan Pittard

TITLE
Director
COMPENSATION
$130K
AGE
66
TENURE
3 yrs

David Pendarvis

TITLE
Director
COMPENSATION
$108K
AGE
59
TENURE
1.5 yrs

Anne Saunders

TITLE
Director
AGE
56
TENURE
0.3 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
X
Management checks
We assess WD-40'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. 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

Does WD-40 (NASDAQ:WDFC) Deserve A Spot On Your Watchlist?

See our latest analysis for WD-40 WD-40's Earnings Per Share Are Growing. … For companies with market capitalizations between US$1.0b and US$3.2b, like WD-40, the median CEO pay is around US$4.1m. … Earnings growth might be the main game for WD-40, but the fun does not stop there.

Simply Wall St -

Should You Be Holding WD-40 Company (NASDAQ:WDFC)?

NasdaqGS:WDFC Historical Dividend Yield, May 29th 2019 Next Steps: For WD-40, I've put together three important aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for WDFC’s future growth? … Take a look at our free research report of analyst consensus for WDFC’s outlook. … The intrinsic value infographic in our free research report helps visualize whether WDFC is currently mispriced by the market.

Simply Wall St -

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 -

Who 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 -

Should 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 -

WD-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 -

What 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 -

Is 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 -

Why 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 -

Was 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 -

WDFC 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
$2,241,094,464
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
Staff numbers
480
WD-40 employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:47
End of day share price update: 2019/06/19 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.