WED Stock Overview
The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$2.45|
|52 Week High||CA$2.78|
|52 Week Low||CA$2.14|
|1 Month Change||-5.04%|
|3 Month Change||2.94%|
|1 Year Change||-9.26%|
|3 Year Change||-7.55%|
|5 Year Change||-22.71%|
|Change since IPO||-98.91%|
Recent News & Updates
|WED||CA Capital Markets||CA Market|
Return vs Industry: WED exceeded the Canadian Capital Markets industry which returned -15.1% over the past year.
Return vs Market: WED underperformed the Canadian Market which returned -4.1% over the past year.
|WED Average Weekly Movement||4.3%|
|Capital Markets Industry Average Movement||6.9%|
|Market Average Movement||10.0%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: WED is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WED's weekly volatility (4%) has been stable over the past year.
About the Company
The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds.
Westaim Fundamentals Summary
|WED fundamental statistics|
Is WED overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WED income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.16|
|Net Profit Margin||80.76%|
How did WED perform over the long term?See historical performance and comparison
Is WED undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WED?
Other financial metrics that can be useful for relative valuation.
|What is WED's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does WED's PE Ratio compare to its peers?
|WED PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: WED is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (12x).
Price to Earnings Ratio vs Industry
How does WED's PE Ratio compare vs other companies in the Canadian Capital Markets Industry?
Price-To-Earnings vs Industry: WED is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the Canadian Capital Markets industry average (8.9x)
Price to Earnings Ratio vs Fair Ratio
What is WED's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.9x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WED's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of WED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WED (CA$2.45) is trading above our estimate of fair value (CA$0.38)
Significantly Below Fair Value: WED is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WED's PEG Ratio to determine if it is good value.
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How is Westaim forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if WED's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if WED's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if WED's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WED's revenue (48.7% per year) is forecast to grow faster than the Canadian market (7.3% per year).
High Growth Revenue: WED's revenue (48.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WED's Return on Equity is forecast to be high in 3 years time
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How has Westaim performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WED has a high level of non-cash earnings.
Growing Profit Margin: WED became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: WED has become profitable over the past 5 years, growing earnings by -1.7% per year.
Accelerating Growth: WED has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: WED has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (0.2%).
Return on Equity
High ROE: WED's Return on Equity (6.4%) is considered low.
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How is Westaim's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: WED's short term assets ($374.8M) exceed its short term liabilities ($13.3M).
Long Term Liabilities: WED's short term assets ($374.8M) exceed its long term liabilities ($41.6M).
Debt to Equity History and Analysis
Debt Level: WED has more cash than its total debt.
Reducing Debt: WED's debt to equity ratio has increased from 0.1% to 11.4% over the past 5 years.
Debt Coverage: WED's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WED's interest payments on its debt are well covered by EBIT (10.6x coverage).
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What is Westaim current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WED's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WED's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WED's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WED's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as WED has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. John Cameron MacDonald, also known as Cam, CFA serves as Director at Skyward Specialty Insurance Group Inc. (formerly known as Houston International Insurance Group, Ltd.) also serves as it's Chairman...
CEO Compensation Analysis
Compensation vs Market: Cam's total compensation ($USD536.72K) is about average for companies of similar size in the Canadian market ($USD751.41K).
Compensation vs Earnings: Cam's compensation has been consistent with company performance over the past year.
Experienced Management: WED's management team is seasoned and experienced (9.3 years average tenure).
Experienced Board: WED's board of directors are considered experienced (7.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WED insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Westaim Corporation's employee growth, exchange listings and data sources
- Name: The Westaim Corporation
- Ticker: WED
- Exchange: TSXV
- Founded: 1996
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: CA$347.132m
- Shares outstanding: 141.69m
- Website: https://www.westaim.com
Number of Employees
- The Westaim Corporation
- 70 York Street
- Suite 1700
- M5J 1S9
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.