Winpak Ltd (TSX:WPK)

A Value Investing assessment using Benjamin Graham's 17-rule framework that Warren Buffett recommends Free!

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Final Graham Assessment
Intrinsic Value is the price corresponding to a stock's Graham Grade: Defensive, Enterprising or NCAV.
Intrinsic Value(%) is Intrinsic Value ÷ Previous Close, expressed as a percentage.
Currency: 
CAD
Defensive Price (Graham Number): 
28.21
Enterprising Price (Serenity Number): 
21.11
NCAV Price (Net Current Asset Value / Net-Net): 
7.82
Graham Grade: 
Defensive
Intrinsic Value: 
28.21
Intrinsic Value(%): 
61.60%

TSX:WPK clears Graham's qualitative criteria for the Defensive investment grade. Therefore, its Intrinsic Value is equivalent to its Defensive Price. However, TSX:WPK's Intrinsic Value(%) evaluates to less than 100% — 61.60% — because its Previous Close is higher than its Intrinsic Value.

Note: This does not necessarily make TSX:WPK a bad investment. Graham specified additional categories for Blue Chips, Utilities & Financials, and Special Situations. Graham's Intrinsic Value calculations need to be adjusted for current bond yields as well. The Graham Ratings tab gives an overall picture of TSX:WPK's Margin of Safety.

Graham Ratings
A Defensive Graham grade requires that all ratings — except the last four — be 100% or more.
Utilities and Financials require the last two ratings to be 100% instead of the first three.
An Enterprising Graham grade requires minimum ratings of — N/A, 75%, 90%, 50% and 5%.
Size in Sales (100% ⇒ 500 Million): 
226.48%
Current Assets ÷ [2 x Current Liabilities]: 
406.28%
Net Current Assets ÷ Long Term Debt: 
100.00%
Earnings Stability (100% ⇒ 10 Years): 
120.00%
Dividend Record (100% ⇒ 20 Years): 
100.00%
Earnings Growth (100% ⇒ 33% Growth): 
1,021.47%
Graham Number(%): 
61.60%
NCAV or Net-Net(%): 
17.08%
[2 x Equity] ÷ Debt: 
1,272.84%
Size in Assets (100% ⇒ 250 Million): 
498.53%
Earnings History
Defensive Graham investment requires 10 years of uninterrupted positive earnings.
Enterprising Graham investment requires 5 years of uninterrupted positive earnings.
NCAV Graham investment requires a positive trailing 12 months (TTM) EPS.

Earnings Per Share (EPS): Positive
EPS - 1 Year Ago: Positive
EPS - 2 Years Ago: Positive
EPS - 3 Years Ago: Positive
EPS - 4 Years Ago: Positive
EPS - 5 Years Ago: Positive
EPS - 6 Years Ago: Positive
EPS - 7 Years Ago: Positive
EPS - 8 Years Ago: Positive
EPS - 9 Years Ago: Positive
EPS - 10 Years Ago: Positive
EPS - 11 Years Ago: Positive
EPS - TTM: Positive

Dividend History
Defensive Graham investment requires 20 years of uninterrupted dividends.
Enterprising Graham investment requires some current dividend.
Current Year: 
Paid
1 Year Ago: 
Paid
2 Years Ago: 
Paid
3 Years Ago: 
Paid
4 Years Ago: 
Paid
5 Years Ago: 
Paid
6 Years Ago: 
Paid
7 Years Ago: 
Paid
8 Years Ago: 
Paid
9 Years Ago: 
Paid
10 Years Ago: 
Paid
11 Years Ago: 
Paid
12 Years Ago: 
Paid
13 Years Ago: 
Paid
14 Years Ago: 
Paid
15 Years Ago: 
Paid
16 Years Ago: 
Paid
17 Years Ago: 
Paid
18 Years Ago: 
Paid
19 Years Ago: 
Paid
Stock Summary
Graham analyses are done almost exclusively with annual data.
Ticker Symbol: 
TSX:WPK
Stock Exchange: 
Canada - TSX
Sector: 
Consumer Cyclical
Fiscal Year: 
2017-12

The data for this analysis was provided by GuruFocus.

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