| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
WE Stock Overview
WeCommerce Holdings Ltd. provides a suite of ecommerce enablement software tools for merchants to start online store.
WeCommerce Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$2.87 |
| 52 Week High | CA$16.18 |
| 52 Week Low | CA$2.76 |
| Beta | 0 |
| 1 Month Change | -16.81% |
| 3 Month Change | -42.72% |
| 1 Year Change | -70.17% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -80.54% |
Recent News & Updates
WeCommerce Holdings' (CVE:WE) Promising Earnings May Rest On Soft Foundations
Despite posting some strong earnings, the market for WeCommerce Holdings Ltd.'s ( CVE:WE ) stock hasn't moved much. We...
Shareholder Returns
| WE | CA Software | CA Market | |
|---|---|---|---|
| 7D | -1.0% | 2.2% | -0.8% |
| 1Y | -70.2% | -26.3% | -2.0% |
Return vs Industry: WE underperformed the Canadian Software industry which returned -26.3% over the past year.
Return vs Market: WE underperformed the Canadian Market which returned -2% over the past year.
Price Volatility
| WE volatility | |
|---|---|
| WE Average Weekly Movement | 8.3% |
| Software Industry Average Movement | 13.5% |
| Market Average Movement | 10.8% |
| 10% most volatile stocks in CA Market | 19.4% |
| 10% least volatile stocks in CA Market | 4.4% |
Stable Share Price: WE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: WE's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 93 | Alex Persson | https://www.wecommerce.co |
WeCommerce Holdings Ltd. provides a suite of ecommerce enablement software tools for merchants to start online store. The company operates through three segments: Apps, Themes, and Agency. It focuses on building, acquiring, and investing in technology businesses operating in the Shopify partner ecosystem.
WeCommerce Holdings Fundamentals Summary
| WE fundamental statistics | |
|---|---|
| Market Cap | CA$118.53m |
| Earnings (TTM) | CA$1.71m |
| Revenue (TTM) | CA$44.64m |
69.5x
P/E Ratio2.7x
P/S RatioIs WE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WE income statement (TTM) | |
|---|---|
| Revenue | CA$44.64m |
| Cost of Revenue | CA$23.83m |
| Gross Profit | CA$20.81m |
| Other Expenses | CA$19.10m |
| Earnings | CA$1.71m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 18, 2022
| Earnings per share (EPS) | 0.041 |
| Gross Margin | 46.61% |
| Net Profit Margin | 3.82% |
| Debt/Equity Ratio | 48.0% |
How did WE perform over the long term?
See historical performance and comparisonValuation
Is WE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WE?
Other financial metrics that can be useful for relative valuation.
| What is WE's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$118.53m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.4x |
| Enterprise Value/EBITDA | 72.8x |
| PEG Ratio | -1.4x |
Price to Earnings Ratio vs Peers
How does WE's PE Ratio compare to its peers?
| WE PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 45.8x | ||
OPT Optiva | 31.4x | n/a | CA$148.2m |
DGHI Digihost Technology | 125.4x | n/a | CA$44.8m |
ZOMD Zoomd Technologies | 8.4x | n/a | CA$43.4m |
NDA Neptune Digital Assets | 17.9x | n/a | CA$35.6m |
WE WeCommerce Holdings | 69.5x | -49.8% | CA$118.5m |
Price-To-Earnings vs Peers: WE is expensive based on its Price-To-Earnings Ratio (69.5x) compared to the peer average (45.8x).
Price to Earnings Ratio vs Industry
How does WE's PE Ratio compare vs other companies in the CA Software Industry?
Price-To-Earnings vs Industry: WE is expensive based on its Price-To-Earnings Ratio (69.5x) compared to the Canadian Software industry average (51.4x)
Price to Earnings Ratio vs Fair Ratio
What is WE'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 69.5x |
| Fair PE Ratio | 10.6x |
Price-To-Earnings vs Fair Ratio: WE is expensive based on its Price-To-Earnings Ratio (69.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.6x).
Share Price vs Fair Value
What is the Fair Price of WE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WE (CA$2.87) is trading below our estimate of fair value (CA$12.01)
Significantly Below Fair Value: WE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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Future Growth
How is WeCommerce Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-49.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WE's earnings are forecast to decline over the next 3 years (-49.8% per year).
Earnings vs Market: WE's earnings are forecast to decline over the next 3 years (-49.8% per year).
High Growth Earnings: WE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WE's revenue (20.9% per year) is forecast to grow faster than the Canadian market (6.3% per year).
High Growth Revenue: WE's revenue (20.9% 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 WE's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has WeCommerce Holdings performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-57.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WE has a large one-off gain of CA$6.7M impacting its March 31 2022 financial results.
Growing Profit Margin: WE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: WE has become profitable over the past 5 years, growing earnings by -57.6% per year.
Accelerating Growth: WE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: WE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (26.3%).
Return on Equity
High ROE: WE's Return on Equity (1.4%) is considered low.
Discover strong past performing companies
Financial Health
How is WeCommerce Holdings's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: WE's short term assets (CA$30.7M) exceed its short term liabilities (CA$17.3M).
Long Term Liabilities: WE's short term assets (CA$30.7M) do not cover its long term liabilities (CA$59.3M).
Debt to Equity History and Analysis
Debt Level: WE's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WE's debt is not well covered by operating cash flow (18%).
Interest Coverage: Insufficient data to determine if WE's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Dividend
What is WeCommerce Holdings's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WE'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 WE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WE'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 WE has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Alex Persson
0.67
Tenure
CA$571,500
Compensation
Mr. Alexander Persson also known as Alex, is Chief Executive Officer at WeCommerce Holdings Ltd. since December 2, 2021. He served as the President at WeCommerce Holdings Ltd.since March 26, 2021 until De...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD441.47K) is above average for companies of similar size in the Canadian market ($USD185.39K).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: WE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: WE's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.8%.
Top Shareholders
Company Information
WeCommerce Holdings Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: WeCommerce Holdings Ltd.
- Ticker: WE
- Exchange: TSXV
- Founded: NaN
- Industry: Application Software
- Sector: Software
- Implied Market Cap: CA$118.530m
- Shares outstanding: 41.30m
- Website: https://www.wecommerce.co
Number of Employees
Location
- WeCommerce Holdings Ltd.
- 101-524 Yates Street
- Victoria
- British Columbia
- V8W 1K8
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/07 00:00 |
| End of Day Share Price | 2022/08/05 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.