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Wall Financial Corp (TSE:WFC)
TSX:WFC
Canadian Market
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Wall Financial (WFC) AI Stock Analysis

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TSE:WFC

Wall Financial

(TSX:WFC)

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Neutral 65 (OpenAI - Gpt-5.6Sol)
Rating:65Neutral
Price Target:
C$22.50
▲(7.91% Upside)
Action:Reiterated
Date:09/12/26
The score is primarily driven by strong current profitability and positive free cash flow, offset by a materially leveraged balance sheet that limits financial flexibility and increases cycle sensitivity. Technicals add support due to a clear uptrend versus key moving averages, while valuation is balanced with a reasonable P/E and a strong dividend yield.
Positive Factors
Strong profitability
High net and operating margins indicate that current projects and property operations are generating substantial earnings from revenue. This profitability provides internal capacity to support investment and dividends, while strong EBITDA margins offer some buffer against normal changes in real estate conditions.
Negative Factors
High leverage
Debt substantially exceeds equity, leaving the company more exposed to project timing, asset values, and financing conditions than a conservatively funded real estate operator. High leverage can absorb operating cash flow through financing needs and limits flexibility to fund growth or withstand weaker conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
High net and operating margins indicate that current projects and property operations are generating substantial earnings from revenue. This profitability provides internal capacity to support investment and dividends, while strong EBITDA margins offer some buffer against normal changes in real estate conditions.
Read all positive factors

Wall Financial (WFC) vs. iShares MSCI Canada ETF (EWC)

Wall Financial Business Overview & Revenue Model

Company Description
Operating across Canada, Wall Financial Corporation is a real estate firm primarily engaged in property investment and development. Its business is structured into three main divisions: Rental, Hotel, and Development. The company's activities enco...
How the Company Makes Money
Wall Financial generally makes money through real estate development and real estate ownership/operations. Revenue is typically generated from (1) development-related proceeds—such as the sale of developed residential or commercial units and/or re...

Wall Financial Financial Statement Overview

Summary
Profitability is a clear strength (TTM net margin ~20%, EBIT margin ~41%, EBITDA margin ~48%) and free cash flow is positive (TTM FCF ~$29M, ~0.91x net income). However, the balance sheet is a major constraint with high leverage (~$749M debt vs. ~$199M equity, ~3.8x debt-to-equity) and cash flow covers only ~10% of total debt, limiting near-term de-levering capacity. Results are also cyclical/volatile, reducing earnings visibility.
Income Statement
74
Positive
Balance Sheet
45
Neutral
Cash Flow
62
Positive
BreakdownTTMJan 2026Apr 2025Jan 2024Jan 2023Jan 2022
Income Statement
Total Revenue178.86M179.24M205.28M155.20M144.35M241.05M
Gross Profit62.88M58.09M82.19M71.77M63.39M59.17M
EBITDA85.10M81.34M78.70M68.82M56.37M48.86M
Net Income36.58M33.32M27.41M22.23M48.21M14.61M
Balance Sheet
Total Assets1.05B985.00M927.38M896.28M874.73M874.06M
Cash, Cash Equivalents and Short-Term Investments7.03M10.27M10.81M22.79M25.41M20.11M
Total Debt749.42M675.56M638.52M633.85M539.95M567.99M
Total Liabilities803.70M769.19M696.28M688.19M586.70M626.60M
Stockholders Equity199.50M211.77M180.91M158.11M235.88M185.08M
Cash Flow
Free Cash Flow28.94M34.77M28.83M10.78M42.60M140.52M
Operating Cash Flow31.97M37.18M30.54M14.22M44.74M141.64M
Investing Cash Flow-97.57M-71.93M-44.36M-13.09M5.30M-56.86M
Financing Cash Flow59.07M34.22M1.84M-3.76M-44.74M-82.63M

Wall Financial Technical Analysis

Technical Analysis Sentiment
Positive
Last Price20.85
Price Trends
50DMA
19.70
Positive
100DMA
18.62
Positive
200DMA
17.22
Positive
Market Momentum
MACD
0.15
Negative
RSI
56.15
Neutral
STOCH
86.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WFC, the sentiment is Positive. The current price of 20.85 is above the 20-day moving average (MA) of 20.30, above the 50-day MA of 19.70, and above the 200-day MA of 17.22, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 56.15 is Neutral, neither overbought nor oversold. The STOCH value of 86.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WFC.

Wall Financial Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
C$191.89M6.0910.76%6.80%15.40%-15.19%
69
Neutral
C$569.41M6.317.14%4.79%-3.65%840.07%
67
Neutral
C$157.83M9.808.26%19.14%-17.91%
65
Neutral
C$661.81M18.3118.20%4.81%-6.50%18.98%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
52
Neutral
C$752.88M85.720.61%3.76%10.53%-88.94%
40
Underperform
C$10.79M-1.59783.82%-25.24%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:WFC
Wall Financial
20.79
6.53
45.82%
TSE:DRM
DREAM Un Cl A
17.95
-2.27
-11.21%
TSE:GDC
Genesis Land Dev
3.41
0.18
5.51%
TSE:HMT
Halmont Properties
1.02
-0.10
-8.93%
TSE:MRD
Melcor Developments
19.00
4.39
30.04%
TSE:KDSX
Kadestone Capital Corp.
0.23
-0.64
-73.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 12, 2026