Wall Financial Corporation (WFC.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-55.2%

CA$9.85

vs CA$22.00 price

Levered DCF

CA$4.57

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.82

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	15.34×	15.47×	37.96×	10.23×	31.89×	1,125×	10.25×	14.45×
P/B	2.41×	2.34×	5.37×	2.1×	2.53×	3.17×	6.62×	5.88×
P/S	2.85×	2.07×	5.47×	3.43×	1.95×	3.19×	2.65×	1.76×
EV / EBITDA	14.46×	13.36×	21.21×	11.29×	17.97×	34.73×	8.97×	13.95×
Gross margin	32.4%	40.0%	46.2%	43.9%	24.5%	21.2%	43.6%	26.8%
Operating margin	37.0%	32.0%	35.3%	29.2%	13.9%	7.5%	38.5%	22.0%
Net margin	18.6%	13.3%	14.3%	33.4%	6.1%	0.3%	25.8%	12.2%
Current ratio	0.06×	0.11×	0.26×	0.32×	0.36×	0.58×	0.56×	0.5×
Debt / equity	3.19×	3.53×	4.01×	2.29×	3.07×	3.15×	3.4×	6.43×
Interest coverage	2.75×	2.18×	2.03×	3.17×	3.04×	1.15×	10.41×	5.82×
Dividend yield	0.0%	0.0%	11.5%	0.0%	0.0%	0.0%	5.4%	4.3%
Payout ratio	0.0%	0.0%	437.9%	0.0%	0.0%	0.0%	55.5%	61.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.7%	15.1%	14.1%	20.4%	7.9%	0.3%	64.6%	40.7%
Return on invested capital	5.0%	5.4%	4.4%	3.9%	3.0%	1.5%	13.8%	6.8%
Return on assets	3.4%	3.0%	2.5%	5.5%	1.7%	0.1%	11.6%	4.4%
Free cash flow yield	6.8%	6.8%	1.3%	8.6%	30.0%	0.6%	26.5%	18.6%
Earnings yield	6.5%	6.5%	2.6%	9.7%	3.1%	0.1%	9.7%	6.9%
Enterprise value	CA$1.2B	CA$1.1B	CA$1.5B	CA$1B	CA$1B	CA$1.2B	CA$1.8B	CA$1.6B
Net debt / EBITDA	8.18×	7.98×	8.88×	5.76×	9.68×	17.04×	2.86×	7.15×
Cash conversion cycle (days)	30	-25	172	101	66	360	255	191