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WSTG

Wayside Technology Group NasdaqGM:WSTG Stock Report

Last Price

US$34.40

Market Cap

US$148.9m

7D

3.5%

1Y

41.8%

Updated

26 Jun, 2022

Data

Company Financials
WSTG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

WSTG Stock Overview

Wayside Technology Group, Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally.

Wayside Technology Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Wayside Technology Group
Historical stock prices
Current Share PriceUS$34.40
52 Week HighUS$39.45
52 Week LowUS$24.25
Beta0.76
1 Month Change-6.50%
3 Month Change4.59%
1 Year Change41.80%
3 Year Change204.69%
5 Year Change77.78%
Change since IPO212.73%

Recent News & Updates

May 11

Wayside Technology Group: Q1 EPS +74%, 23% Net Cash, 12x Ex-Cash P/E

1Q22 EPS of $0.61, up 74% YoY; net sales up 13.5% YoY. Relatively inexpensive ex-cash P/E of 11.8x for 2022, 10.2x for 2023. 5.9% 2022 FCF yield, 6.5% FCF yield for 2023, 2.0% dividend yield. 19% net cash to market cap in 2021, expect 23% net cash in 2022. Stock is up 138% since our initiation in June 2020, we still see 56% upside.

Shareholder Returns

WSTGUS ElectronicUS Market
7D3.5%4.5%6.6%
1Y41.8%-19.7%-18.4%

Return vs Industry: WSTG exceeded the US Electronic industry which returned -19% over the past year.

Return vs Market: WSTG exceeded the US Market which returned -18.5% over the past year.

Price Volatility

Is WSTG's price volatile compared to industry and market?
WSTG volatility
WSTG Average Weekly Movement5.4%
Electronic Industry Average Movement7.4%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
1982269Dale Fosterhttps://www.waysidetechnology.com

Wayside Technology Group, Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution; and software, hardware, and services under the names TechXtend and Grey Matter.

Wayside Technology Group Fundamentals Summary

How do Wayside Technology Group's earnings and revenue compare to its market cap?
WSTG fundamental statistics
Market CapUS$148.85m
Earnings (TTM)US$10.10m
Revenue (TTM)US$291.09m

14.7x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WSTG income statement (TTM)
RevenueUS$291.09m
Cost of RevenueUS$244.23m
Gross ProfitUS$46.85m
Other ExpensesUS$36.75m
EarningsUS$10.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.33
Gross Margin16.10%
Net Profit Margin3.47%
Debt/Equity Ratio0%

How did WSTG perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is WSTG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WSTG?

Other financial metrics that can be useful for relative valuation.

WSTG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA7.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does WSTG's PE Ratio compare to its peers?

WSTG PE Ratio vs Peers
The above table shows the PE ratio for WSTG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.7x

Price-To-Earnings vs Peers: WSTG is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (9.7x).


Price to Earnings Ratio vs Industry

How does WSTG's PE Ratio compare vs other companies in the U.S. Electronic Industry?

Price-To-Earnings vs Industry: WSTG is good value based on its Price-To-Earnings Ratio (14.7x) compared to the US Electronic industry average (17.6x)


Price to Earnings Ratio vs Fair Ratio

What is WSTG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WSTG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WSTG's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of WSTG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WSTG ($34.4) is trading above our estimate of fair value ($12.76)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WSTG's PEG Ratio to determine if it is good value.


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Future Growth

How is Wayside Technology Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.8%

Forecasted Tech industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wayside Technology Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Wayside Technology Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WSTG has a high level of non-cash earnings.

Growing Profit Margin: WSTG's current net profit margins (3.5%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: WSTG's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: WSTG's earnings growth over the past year (102.2%) exceeds its 5-year average (11.7% per year).

Earnings vs Industry: WSTG earnings growth over the past year (102.2%) exceeded the Electronic industry 33%.


Return on Equity

High ROE: WSTG's Return on Equity (19.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Wayside Technology Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WSTG's short term assets ($158.3M) exceed its short term liabilities ($131.3M).

Long Term Liabilities: WSTG's short term assets ($158.3M) exceed its long term liabilities ($3.6M).


Debt to Equity History and Analysis

Debt Level: WSTG is debt free.

Reducing Debt: WSTG had no debt 5 years ago.

Debt Coverage: WSTG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: WSTG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Wayside Technology Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.98%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WSTG's dividend (1.98%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: WSTG's dividend (1.98%) is low compared to the top 25% of dividend payers in the US market (4.24%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.9%), WSTG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (54.5%), WSTG's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.4yrs

Average management tenure


CEO

Dale Foster (57 yo)

2.42yrs

Tenure

US$1,031,203

Compensation

Mr. Dale Richard Foster has been Chief Executive Officer of Wayside Technology Group, Inc. since January 20, 2020 and Director since January 15, 2020. He also serves as President at Wayside Technology Grou...


CEO Compensation Analysis

Compensation vs Market: Dale's total compensation ($USD1.03M) is above average for companies of similar size in the US market ($USD752.25K).

Compensation vs Earnings: Dale's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: WSTG's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: WSTG's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: WSTG insiders have sold more shares than they have bought 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

Wayside Technology Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Wayside Technology Group, Inc.
  • Ticker: WSTG
  • Exchange: NasdaqGM
  • Founded: 1982
  • Industry: Technology Distributors
  • Sector: Tech
  • Implied Market Cap: US$148.851m
  • Shares outstanding: 4.33m
  • Website: https://www.waysidetechnology.com

Number of Employees


Location

  • Wayside Technology Group, Inc.
  • 4 Industrial Way West
  • Suite 300
  • Eatontown
  • New Jersey
  • 7724
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.