company background image
WE

WeCommerce Holdings TSXV:WE Stock Report

Last Price

CA$2.00

Market Cap

CA$83.1m

7D

4.2%

1Y

-80.8%

Updated

30 Sep, 2022

Data

Company Financials +
WE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for WeCommerce Holdings
Historical stock prices
Current Share PriceCA$2.00
52 Week HighCA$16.18
52 Week LowCA$1.53
Beta0
1 Month Change5.26%
3 Month Change-43.66%
1 Year Change-80.77%
3 Year Changen/a
5 Year Changen/a
Change since IPO-86.44%

Recent News & Updates

Jun 03
WeCommerce Holdings' (CVE:WE) Promising Earnings May Rest On Soft Foundations

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

WECA SoftwareCA Market
7D4.2%1.9%-0.008%
1Y-80.8%-38.3%-6.6%

Return vs Industry: WE underperformed the Canadian Software industry which returned -37.5% over the past year.

Return vs Market: WE underperformed the Canadian Market which returned -6.2% over the past year.

Price Volatility

Is WE's price volatile compared to industry and market?
WE volatility
WE Average Weekly Movement15.0%
Software Industry Average Movement11.7%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.8%

Stable Share Price: WE is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: WE's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a93Alex Perssonhttps://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

How do WeCommerce Holdings's earnings and revenue compare to its market cap?
WE fundamental statistics
Market CapCA$83.12m
Earnings (TTM)-CA$2.60m
Revenue (TTM)CA$46.91m

1.8x

P/S Ratio

-32.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WE income statement (TTM)
RevenueCA$46.91m
Cost of RevenueCA$27.16m
Gross ProfitCA$19.75m
Other ExpensesCA$22.35m
Earnings-CA$2.60m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.063
Gross Margin42.10%
Net Profit Margin-5.54%
Debt/Equity Ratio39.0%

How did WE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is WE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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.

WE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.6x
Enterprise Value/EBITDA-61.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does WE's PS Ratio compare to its peers?

WE PS Ratio vs Peers
The above table shows the PS ratio for WE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average13.6x
BIGG BIGG Digital Assets
7.7x37.6%CA$82.0m
LSPK LifeSpeak
2.7x21.8%CA$89.5m
FOBI Fobi AI
37.5xn/aCA$73.7m
VSBY VSBLTY Groupe Technologies
6.7x56.3%CA$52.0m
WE WeCommerce Holdings
1.8x17.1%CA$83.1m

Price-To-Sales vs Peers: WE is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (13.6x).


Price to Earnings Ratio vs Industry

How does WE's PE Ratio compare vs other companies in the CA Software Industry?

Price-To-Sales vs Industry: WE is good value based on its Price-To-Sales Ratio (1.8x) compared to the Canadian Software industry average (3.7x)


Price to Sales Ratio vs Fair Ratio

What is WE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: WE is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).


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) is trading below our estimate of fair value (CA$12.21)

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.


Discover undervalued companies

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

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-22.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: WE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: WE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: WE's revenue (17.1% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: WE's revenue (17.1% per year) is forecast to grow slower 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


Discover growth companies

Past Performance

How has WeCommerce Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-48.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WE is currently unprofitable.

Growing Profit Margin: WE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WE is unprofitable, and losses have increased over the past 5 years at a rate of 48.6% per year.

Accelerating Growth: Unable to compare WE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.8%).


Return on Equity

High ROE: WE has a negative Return on Equity (-2.11%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is WeCommerce Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: WE's short term assets (CA$15.1M) exceed its short term liabilities (CA$14.3M).

Long Term Liabilities: WE's short term assets (CA$15.1M) do not cover its long term liabilities (CA$46.5M).


Debt to Equity History and Analysis

Debt Level: WE's net debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if WE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable WE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: WE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.9% per year.


Discover healthy companies

Dividend

What is WeCommerce Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

WeCommerce Holdings Dividend Yield vs Market
How does WeCommerce Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (WeCommerce Holdings)n/a
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.1%
Industry Average (Software)0.4%
Analyst forecast in 3 Years (WeCommerce Holdings)n/a

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

0.75yr

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

Alex Persson's Compensation vs WeCommerce Holdings Earnings
How has Alex Persson's remuneration changed compared to WeCommerce Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$3m

Mar 31 2022n/an/a

CA$2m

Dec 31 2021CA$572kCA$369k

-CA$843k

Sep 30 2021n/an/a

-CA$10m

Jun 30 2021n/an/a

-CA$7m

Mar 31 2021n/an/a

-CA$6m

Dec 31 2020CA$41kCA$41k

-CA$4m

Compensation vs Market: Alex's total compensation ($USD416.26K) is above average for companies of similar size in the Canadian market ($USD176.56K).

Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.


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 ( 1.8 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

TSXV:WE Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Sep 22BuyCA$2,550Timothy McElvaineIndividual1,500CA$1.70
31 Aug 22BuyCA$14,558Timothy McElvaineIndividual7,500CA$2.04
24 Aug 22BuyCA$5,500Timothy McElvaineIndividual2,500CA$2.20
07 Jul 22SellCA$6,664Andrew DumontIndividual1,904CA$3.50
13 Jun 22BuyCA$21,123Andrew WilkinsonIndividual5,000CA$4.22
10 Jun 22BuyCA$23,041Andrew WilkinsonIndividual5,000CA$4.61
09 Jun 22BuyCA$200,826Andrew WilkinsonIndividual40,000CA$5.11
08 Apr 22SellCA$17,549Andrew DumontIndividual1,889CA$9.29
08 Mar 22SellCA$26,515Alexander PerssonIndividual2,848CA$9.31
06 Jan 22SellCA$35,727Andrew DumontIndividual3,113CA$12.20
14 Dec 21BuyCA$30,357Alexander PerssonIndividual2,250CA$13.49
10 Dec 21BuyCA$99,846Andrew WilkinsonIndividual7,118CA$14.03
09 Dec 21SellCA$5,318,790Shane ParrishIndividual354,586CA$15.00
07 Dec 21SellCA$681,237Shane ParrishIndividual45,414CA$15.00

Ownership Breakdown

What is the ownership structure of WE?
Owner TypeNumber of SharesOwnership Percentage
Institutions3,927,9949.5%
Private Companies10,723,63025.8%
General Public12,898,07531.0%
Individual Insiders14,009,62533.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.4%.


Top Shareholders

Top 16 shareholders own 69.09% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
27.99%
Andrew Wilkinson
11,633,178CA$23.3m0.43%no data
15.36%
Table Holdings L.P.
6,382,976CA$12.8m0%no data
10.44%
Freemark Partners Holding Company Llc
4,340,654CA$8.7m0%no data
5.09%
Capital Research and Management Company
2,113,430CA$4.2m-6.37%no data
3.69%
PenderFund Capital Management Ltd.
1,533,231CA$3.1m0.37%0.66%
2.81%
Benjamin Moore
1,166,162CA$2.3m0%no data
2.78%
Shane Parrish
1,156,327CA$2.3m0%no data
0.28%
Manulife Asset Management
117,985CA$236.0k-0.21%no data
0.28%
Ennismore Fund Management Limited
115,000CA$230.0k0%0.05%
0.18%
Connor, Clark & Lunn Investment Management Ltd.
75,900CA$151.8k0%no data
0.05%
Tiny Capital
20,833CA$41.7k0%no data
0.036%
Alexander Persson
14,973CA$29.9k0%no data
0.033%
Susan Min
13,835CA$27.7k0%no data
0.033%
Andrew Dumont
13,650CA$27.3k31.06%no data
0.028%
Timothy McElvaine
11,500CA$23.0k0%no data
0.0083%
1832 Asset Management L.P.
3,464CA$6.9k-34.64%no data

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$83.119m
  • Shares outstanding: 41.56m
  • Website: https://www.wecommerce.co

Number of Employees


Location

  • WeCommerce Holdings Ltd.
  • 101-524 Yates Street
  • Victoria
  • British Columbia
  • V8W 1K8
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WETSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2020
WECM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2020
88FDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.