WAJAX CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.24 CAD | -0.15% |
|
+2.30% | +13.12% |
| Mar. 06 | Wajax Maintained at Market Perform at BMO Following Q4 Results; Price Target Kept at C$34.00 | MT |
| Mar. 06 | Wajax Price Target Raised to $37 at TD | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 296.2 | 342.4 | 519.6 | 423.6 | 650.5 | 742 | - | - |
| Enterprise Value (EV) 1 | 572.7 | 562 | 831.2 | 725.7 | 1,157 | 1,029 | 984.3 | 985.2 |
| P/E ratio | - | - | - | - | - | - | - | - |
| Yield | 6.76% | 5.85% | - | - | - | - | - | - |
| Capitalization / Revenue | 0.19 x | 0.24 x | 0.32 x | 0.22 x | 0.3 x | 0.33 x | 0.31 x | 0.31 x |
| EV / Revenue | 0.37 x | 0.4 x | 0.51 x | 0.37 x | 0.54 x | 0.45 x | 0.42 x | 0.41 x |
| EV / EBITDA | 4.4 x | 4.61 x | 5.71 x | 4.29 x | 5.86 x | 5.06 x | 4.75 x | 4.99 x |
| EV / FCF | -36.7 x | 5.2 x | 4.55 x | 9.17 x | -12.5 x | 17.8 x | 15.6 x | 16.3 x |
| FCF Yield | -2.73% | 19.2% | 22% | 10.9% | -8% | 5.61% | 6.42% | 6.12% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 20,012 | 20,034 | 21,409 | 21,471 | 21,490 | 21,670 | - | - |
| Reference price 2 | 14.80 | 17.09 | 24.27 | 19.73 | 30.27 | 34.24 | 34.24 | 34.24 |
| Announcement Date | 3/2/20 | 3/2/21 | 3/7/22 | 3/6/23 | 3/5/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,553 | 1,423 | 1,637 | 1,963 | 2,155 | 2,283 | 2,356 | 2,382 |
| EBITDA 1 | 130.3 | 122 | 145.6 | 169.3 | 197.4 | 203.6 | 207.2 | 197.4 |
| EBIT 1 | 77.5 | 69.6 | 90.2 | 113.9 | 138.9 | 143.4 | 147.4 | 144.6 |
| Operating Margin | 4.99% | 4.89% | 5.51% | 5.8% | 6.45% | 6.28% | 6.26% | 6.07% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -15.61 | 108.1 | 182.8 | 79.15 | -92.5 | 57.7 | 63.2 | 60.3 |
| FCF margin | -1.01% | 7.6% | 11.17% | 4.03% | -4.29% | 2.53% | 2.68% | 2.53% |
| FCF Conversion (EBITDA) | - | 88.62% | 125.55% | 46.74% | - | 28.34% | 30.51% | 30.55% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share | 1.000 | 1.000 | - | - | - | - | - | - |
| Announcement Date | 3/2/20 | 3/2/21 | 3/7/22 | 3/6/23 | 3/5/24 | - | - | - |
1CAD in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 401.3 | 402.8 | 439.5 | 511.2 | 470.8 | 541.4 | 516.1 | 586.2 | 509.7 | 542.6 | 546.8 | 608.7 | 552.9 | 574.6 | 566.8 |
| EBITDA 1 | 40.7 | 28.5 | 39.3 | 45.2 | 39.1 | 45.74 | 43 | 57.2 | 50 | 47.2 | 46.57 | 57.27 | 49.67 | 50.07 | 49.8 |
| EBIT 1 | 25.9 | 14.2 | 25.9 | 34.09 | 24.9 | 28.97 | 29 | 42.7 | 35.4 | 31.7 | 31.4 | 41.9 | 34.77 | 34.97 | 35.1 |
| Operating Margin | 6.45% | 3.53% | 5.89% | 6.67% | 5.29% | 5.35% | 5.62% | 7.28% | 6.94% | 5.84% | 5.74% | 6.88% | 6.29% | 6.09% | 6.19% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.2500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/1/21 | 3/7/22 | 5/2/22 | 8/5/22 | 11/8/22 | 3/6/23 | 5/1/23 | 8/10/23 | 11/6/23 | 3/5/24 | - | - | - | - | - |
1CAD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 277 | 220 | 312 | 302 | 506 | 287 | 242 | 243 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.122 x | 1.8 x | 2.14 x | 1.784 x | 2.566 x | 1.412 x | 1.17 x | 1.232 x |
| Free Cash Flow 1 | -15.6 | 108 | 183 | 79.1 | -92.5 | 57.7 | 63.2 | 60.3 |
| ROE (net income / shareholders' equity) | 13.7% | 10.9% | 14.4% | 32.2% | 17.7% | 15.6% | 13.9% | 13.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | 3.420 | - | - | - | - | - | - |
| Capex 1 | - | - | - | 9.1 | 3.5 | 12 | 14 | - |
| Capex / Sales | - | - | - | 0.46% | 0.16% | 0.53% | 0.59% | - |
| Announcement Date | 3/2/20 | 3/2/21 | 3/7/22 | 3/6/23 | 3/5/24 | - | - | - |
1CAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
34.24
CAD
Average target price
36.67
CAD
Spread / Average Target
+7.09%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.12% | 542M | |
| +3.88% | 9.29B | |
| +11.54% | 7.78B | |
| -28.00% | 1.55B | |
| +9.61% | 872M | |
| -21.40% | 510M | |
| -1.81% | 493M | |
| +12.09% | 312M | |
| -16.02% | 284M | |
| +7.53% | 204M |
- Stock Market
- Equities
- WJX Stock
- Financials Wajax Corporation
