Wajax: Risk/Reward Profile Has Become Drastically Better
Source: SeekingAlpha
2025-06-04 13:18:45 ET
Summary
- Wajax is showing signs of a turnaround after five weak quarters, with strong Q1 results suggesting a cyclical bottom has been reached.
- Growth was driven by machinery sales and product support, but weakness in higher-margin services and spare parts remains a concern.
- The LTM P/E of 12 is calculated with depressed earnings, and the forward would be closer to 7 times if my conservative assumptions are met.
Investment thesis
After five consecutive quarters marked by weak growth and margin compression, Wajax Corp. (TSX: WJX:CA , OTCPK: WJXFF ) is showing convincing signs of a turnaround. The latest results show that the company may have reached a cyclical bottom and operationally is finally shifting in a positive direction....
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Wajax: Risk/Reward Profile Has Become Drastically Better
Wajax Corp
NASDAQ: WJXFF
WJXFF Trading
3.06% G/L:
$25.43 Last:
200 Volume:
$25.43 Open:
WJXFF Latest News
WJXFF Stock Data
$466,480,056
21,528,228
3.35%
1
N/A
Industrial Equipment Distributors
Industrials
CA
Toronto
