NasdaqGM:WSTG

Stock Analysis Report

Wayside Technology Group

Executive Summary

Wayside Technology Group, Inc. operates as an information technology channel company worldwide.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.

Share Price & News

How has Wayside Technology Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

WSTG

4.0%

US Electronic

1.8%

US Market


1 Year Return

11.5%

WSTG

13.3%

US Electronic

7.3%

US Market

Return vs Industry: WSTG exceeded the US Electronic industry which returned 13.3% over the past year.

Return vs Market: WSTG exceeded the US Market which returned 7.3% over the past year.


Shareholder returns

WSTGIndustryMarket
7 Day0.3%4.0%1.8%
30 Day-3.5%1.1%-0.7%
90 Day29.0%4.2%0.06%
1 Year17.7%11.5%14.4%13.3%9.7%7.3%
3 Year-1.4%-14.5%54.7%50.4%46.3%36.9%
5 Year7.3%-13.9%88.7%79.6%64.5%46.5%

Price Volatility Vs. Market

How volatile is Wayside Technology Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wayside Technology Group undervalued compared to its fair value and its price relative to the market?

10.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: WSTG ($14.49) is trading above our estimate of fair value ($8.79)

Significantly Undervalued: WSTG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WSTG is good value based on its PE Ratio (10.3x) compared to the Electronic industry average (19.2x).

PE vs Market: WSTG is good value based on its PE Ratio (10.3x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WSTG is good value based on its PB Ratio (1.5x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

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

0.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSTG's forecast earnings growth (0.5% per year) is below the savings rate (2.7%).

Earnings vs Market: WSTG's earnings (0.5% per year) are forecast to grow slower than the US market (14.6% per year).

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

Revenue vs Market: Insufficient data to determine if WSTG's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if WSTG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

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

-9.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WSTG's earnings have declined by -9.6% per year over the past 5 years.

Accelerating Growth: WSTG's earnings growth over the past year (120.3%) exceeds its 5-year average (-9.6% per year).

Earnings vs Industry: WSTG earnings growth over the past year (120.3%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: WSTG's Return on Equity (14.9%) is considered low.


Return on Assets

ROA vs Industry: WSTG's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: WSTG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Wayside Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: WSTG's short term assets ($99.4M) exceeds its short term liabilities ($60.5M)

Long Term Liabilities: WSTG's short term assets (99.4M) exceeds its long term liabilities (2.4M)


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

Inventory Level: WSTG has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if WSTG's debt is covered by short term assets.


Next Steps

Dividend

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

4.69%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%1.5%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: WSTG's dividend (4.69%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: WSTG's dividend (4.69%) is in the top 25% of dividend payers in the US market (3.72%)

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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.2%), WSTG's dividend payments are well 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

What is the CEO of Wayside Technology Group's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Wayside Technology Group has no CEO, or we have no data on them.


Management Age and Tenure

2.7yrs

Average Tenure

55yo

Average Age

Experienced Management: WSTG's management team is considered experienced (2.7 years average tenure).


Board Age and Tenure

1.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: WSTG's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$97,40521 May 19
Global Value Investment Corp
EntityCompany
Shares8,070
Max PriceUS$12.07
SellUS$1,24005 Mar 19
Charles Bass
EntityIndividual
Shares100
Max PriceUS$12.40
BuyUS$6,13304 Mar 19
Jeffrey Geygan
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares495
Max PriceUS$12.39
BuyUS$61,29804 Mar 19
Global Value Investment Corp
EntityCompany
Shares4,975
Max PriceUS$12.40
BuyUS$21,35523 Nov 18
Global Value Investment Corp
EntityCompany
Shares1,870
Max PriceUS$11.42

Ownership Breakdown


Management Team

  • Vito Legrottaglie (55yo)

    VP & Chief Information Officer

    • Tenure: 4.7yrs
    • Compensation: US$375.77k
  • Mike Vesey (57yo)

    CFO & VP

    • Tenure: 0.3yrs
    • Compensation: US$376.14k
  • Kevin Scull (53yo)

    VP & Chief Accounting Officer

    • Tenure: 4.7yrs
    • Compensation: US$246.88k
  • Dale Foster (55yo)

    President

    • Tenure: 0.8yrs
    • Compensation: US$548.02k

Board Members

  • Andy Bryant (63yo)

    Director

    • Tenure: 0.3yrs
  • Mike Faith (54yo)

    Director

    • Tenure: 8.5yrs
    • Compensation: US$107.33k
  • John McCarthy

    Director

    • Tenure: 0.3yrs
  • Jeff Geygan (58yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: US$120.30k
  • Diana Kurty (65yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$114.43k

Company Information

Wayside Technology Group, Inc.'s company bio, 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
  • Market Cap: US$63.967m
  • Shares outstanding: 4.41m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PYADB (Deutsche Boerse AG)YesCommon StockDEEURJul 1995
WSTGNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJul 1995

Biography

Wayside Technology Group, Inc. operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:55
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.