Added to YB: 2024-12-30
Pitch date: 2024-12-24
WJX.TO [bullish]
Wajax Corporation
+36.03%
current return
Author Info
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Company Info
Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors.
Market Cap
CAD 468.6M
Pitch Price
CAD 20.49
Price Target
N/A
Dividend
6.51%
EV/EBITDA
6.73
P/E
9.05
EV/Sales
0.52
Sector
Trading Companies and Distributors
Category
turnaround
MWG Focus: Two Canadian Stocks - Wajax Corporation
WJX.TO: Cyclical supplier of heavy equipment sales/services across Canadian industries. 119 branches. Stock down from $34 in Mar '24 to $20.75 (6.75% yield) due to industrial slowdown & commodity price decline. Turnaround expected with Canadian industrial rebound, partly political, peaking 2025.
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