# Wall Financial Corporation (WFC.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Real Estate / Real Estate Management & Development. Price C$19.51, market value C$622 million.

## Valuation
- **P/E (trailing): 19.7×** (5-yr avg 19.8×, 3-yr avg 21.7×). Wall Financial Corporation trades at 19.7× trailing earnings, close to its own five-year average of 19.8×. The Real Estate median in the September 2026 study was 25.2×.
- **Price / sales: 3.6×**. Each dollar of revenue is priced at 3.6×.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 16.4×**. Enterprise value is 16.4× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.6%** (5-yr avg 12.7%). Free cash flow equals 5.6% of the market value, below its five-year average of 12.7%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 5.1%**. The inverse of the P/E: 5.1% of the price is earned each year.

## Profitability
- **Gross margin: 35.6%**. Wall Financial Corporation keeps 35.6% of revenue after the direct cost of what it sells.
- **Operating margin: 37.0%**. 37.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 18.6%**. 18.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.7%**. 15.7% on shareholders' equity is solid.
- **Return on invested capital: 5.4%**. Return on all capital, debt included, is 5.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 3.2%**. Each dollar of assets produces 3.2% of profit.

## Growth
- **Revenue growth (1 yr): -12.7%** (3-yr 7.5%/yr, 5-yr -1.3%/yr). Revenue fell 12.7% over the last year, against -1.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 22.4%** (3-yr -11.3%/yr, 5-yr 130.5%/yr). Earnings per share rose 22.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -6.6%/yr**. Free cash flow has compounded at -6.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 3.19**. Debt is 3.19 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 8.5×**. It would take 8.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.7×**. Operating profit covers interest 2.7×, thin but manageable.
- **Current ratio: 0.06**. Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.88**. A Z-score of 0.88 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.13%** (C$1.00 per share, trailing). Wall Financial Corporation yields 5.13%, an income-level yield.
- **Payout ratio: 0%** (91% of free cash flow). 0% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 24.6%/yr**. The dividend has compounded at 24.6% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 5.7%**. Dividends plus net buybacks return 5.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): 36.9%** (YTD 30.8%, 3-mo 8.4%). The shares are up 36.9% over twelve months including dividends.
- **From 52-week high: -7.7%** (35.9% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.37** (volatility 36%). Beta of 0.37 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WFC.TO · Page: https://foliofundamentals.com/stocks/wfc.to

Not investment advice.