WJX Stock Analysis: Wajax | TO
Industrial Distribution | TO, Canada | Market Cap: 783m CAD | 12M Return: 43.8% | CA9307831052 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.25M
EPS Trend: -64.7%
Qual. Beats: 0
Rev. Trend: -30.5%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Wajax Corporation is a Canadian industrial products distributor and service provider, supplying equipment, parts and engineered repair services across sectors including construction, mining, forestry, transportation and oil and gas. Its offerings range from heavy machinery and material-handling equipment to power systems, hydraulics and safety supplies.
The company also provides equipment rentals, storage-system design and installation, and equipment support. Industrial distributors such as Wajax connect manufacturers with business and government customers and help maintain equipment through parts and service.
- Mining and oil sands equipment demand tracks commodity investment
- Aftermarket parts and service support recurring revenue and margins
- Weak construction and industrial activity pressures equipment sales and profitability
| Net Income: 65.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.80 > 1.0 |
| NWC/Revenue: 23.07% < 20% (prev 24.69%; Δ -1.62% < -1%) |
| CFO/TA 0.13 > 3% & CFO 177.3m > Net Income 65.6m |
| Net Debt (562.6m) to EBITDA (194.9m): 2.89 < 3 |
| Current Ratio: 1.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (22.3m) vs 12m ago 0.36% < -2% |
| Gross Margin: 19.79% > 18% (prev 18.50%; Δ 1.29% > 0.5%) |
| Asset Turnover: 145.2% > 50% (prev 150.8%; Δ -5.60% > 0%) |
| Interest Coverage Ratio: 5.14 > 6 (EBIT TTM 132.3m / Interest Expense TTM 25.7m) |
| A: 0.34 (Total Current Assets 989.7m - Total Current Liabilities 514.3m) / Total Assets 1.41b |
| B: 0.24 (Retained Earnings 337.7m / Total Assets 1.41b) |
| C: 0.09 (EBIT TTM 132.3m / Avg Total Assets 1.42b) |
| D: 0.65 (Book Value of Equity 558.6m / Total Liabilities 855.0m) |
| Altman-Z'' = 4.30 = AA |
| DSRI: 1.04 (Receivables 347.5m/348.6m, Revenue 2.06b/2.15b) |
| GMI: 0.93 (GM 18.50% / 19.79%) |
| AQI: 0.98 (AQ_t 0.14 / AQ_t-1 0.14) |
| SGI: 0.96 (Revenue 2.06b / 2.15b) |
| TATA: -0.08 (NI 65.6m - CFO 177.3m) / TA 1.41b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of November 02, 2026, the stock is trading at CAD 33.68 with a total of 113,271 shares traded. Over the past week, the price has changed by -6.31%, over one month by -7.19%, over three months by +4.83% and over the past year by +43.77%.
Current recommended Stop Loss: 32.40 (which is 3.8% or 1.2 ATR below the current price).
Wajax has no consensus analysts rating.
P/E Trailing = 12.1044
P/E Forward = 8.6655
P/S = 0.3799
P/B = 1.0123
P/EG = 1.0779
Revenue TTM = 2.06b CAD
EBIT TTM = 132.3m CAD
EBITDA TTM = 194.9m CAD
Long Term Debt = 179.7m CAD (from longTermDebt, last quarter)
Short Term Debt = 45.5m CAD (from shortTermDebt, last quarter)
Debt = 567.4m CAD (from shortLongTermDebtTotal, last quarter) + Leases 193.8m
Net Debt = 562.6m CAD (calculated: Debt 567.4m - CCE 4.84m)
Enterprise Value = 1.35b CAD (783.0m + Debt 567.4m - CCE 4.84m)
Interest Coverage Ratio = 5.14 (Ebit TTM 132.3m / Interest Expense TTM 25.7m)
EV/FCF = 7.99x (Enterprise Value 1.35b / FCF TTM 168.4m)
FCF Yield = 12.52% (FCF TTM 168.4m / Enterprise Value 1.35b)
FCF Margin = 8.17% (FCF TTM 168.4m / Revenue TTM 2.06b)
Net Margin = 3.18% (Net Income TTM 65.6m / Revenue TTM 2.06b)
Gross Margin = 19.79% ((Revenue TTM 2.06b - Cost of Revenue TTM 1.65b) / Revenue TTM)
Gross Margin QoQ = 20.86% (prev 20.34%)
Tobins Q-Ratio = 0.95 (Enterprise Value 1.35b / Total Assets 1.41b)
Interest Expense / Debt = 4.53% (Interest Expense 25.7m / Debt 567.4m)
Taxrate = 26.28% (23.4m / 89.0m)
NOPAT = 97.5m (EBIT 132.3m * (1 - 26.28%))
Current Ratio = 1.92 (Total Current Assets 989.7m / Total Current Liabilities 514.3m)
Debt / Equity = 1.02 (Debt 567.4m / totalStockholderEquity, last quarter 558.6m)
Debt / EBITDA = 2.89 (Net Debt 562.6m / EBITDA 194.9m)
Debt / FCF = 3.34 (Net Debt 562.6m / FCF TTM 168.4m)
Total Stockholder Equity = 543.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.62% (Net Income 65.6m / Total Assets 1.41b)
RoE = 12.07% (Net Income TTM 65.6m / Total Stockholder Equity 543.8m)
RoCE = 18.28% (EBIT 132.3m / Capital Employed (Equity 543.8m + L.T.Debt 179.7m))
RoIC = 10.37% (NOPAT 97.5m / Invested Capital 940.0m)
WACC = 6.12% (E(783.0m)/V(1.35b) * Re(8.13%) + D(567.4m)/V(1.35b) * Rd(4.53%) * (1-Tc(0.26)))
Discount Rate = 8.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.86 | Cagr: 0.02%
[DCF] Terminal Value 77.97% ; FCFF base≈153.0m ; Y1≈175.4m ; Y5≈258.1m
[DCF] Fair Price = 152.5 (EV 3.88b - Net Debt 562.6m = Equity 3.32b / Shares 21.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -64.74 | EPS CAGR: -12.42% | SUE: -0.10 | # QB: 0
Revenue Correlation: -30.54 | Revenue CAGR: -0.58% | SUE: -1.06 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.78 | Chg30d=-5.65% | Revisions=+17% | Analysts=5
EPS current Year (2026-12-31): EPS=3.10 | Chg30d=-0.15% | Revisions=+50% | GrowthEPS=+9.1% | GrowthRev=-2.7%
EPS next Year (2027-12-31): EPS=3.56 | Chg30d=+2.71% | Revisions=+0% | GrowthEPS=+15.0% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: +36% (up=6, down=2)