WEDX.F Stock Overview

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. More details

WEDX.F fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 25.6% below our estimate of its fair value

Risk Analysis

High level of non-cash earnings

Profit margins (44.2%) are lower than last year (93.3%)

My Notes

Capture your thoughts, links and company narrative

The Westaim Corporation Competitors

Saratoga Investment

NYSE:SAR

US$327.2m

Trinity Capital

NasdaqGS:TRIN

US$845.9m

Capital Southwest

NasdaqGS:CSWC

US$994.3m

Adams Natural Resources Fund

NYSE:PEO

US$540.4m

Price History & Performance

Summary of share price highs, lows and changes for Westaim
Historical stock prices
Current Share Price	CA$3.58
52 Week High	CA$3.73
52 Week Low	CA$2.55
Beta	0.34
1 Month Change	2.01%
3 Month Change	23.04%
1 Year Change	23.89%
3 Year Change	82.75%
5 Year Change	74.10%
Change since IPO	-99.36%

Recent updates

Shareholder Returns

	WEDX.F	US Capital Markets	US Market
7D	-0.5%	-4.1%	-2.4%
1Y	23.9%	32.3%	23.3%

Return vs Industry: WEDX.F underperformed the US Capital Markets industry which returned 31% over the past year.

Return vs Market: WEDX.F exceeded the US Market which returned 22.1% over the past year.

Price Volatility

Is WEDX.F's price volatile compared to industry and market?
WEDX.F volatility
WEDX.F Average Weekly Movement	5.2%
Capital Markets Industry Average Movement	4.0%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: WEDX.F has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: WEDX.F's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	8	Cam MacDonald	www.westaim.com

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.

The Westaim Corporation Fundamentals Summary

How do Westaim's earnings and revenue compare to its market cap?
WEDX.F fundamental statistics
Market cap	US$451.86m
Earnings (TTM)	US$40.12m
Revenue (TTM)	US$90.71m

11.5x

P/E Ratio

5.1x

P/S Ratio

Is WEDX.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WEDX.F income statement (TTM)
Revenue	US$90.71m
Cost of Revenue	US$0
Gross Profit	US$90.71m
Other Expenses	US$50.58m
Earnings	US$40.12m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.31
Gross Margin	100.00%
Net Profit Margin	44.23%
Debt/Equity Ratio	0%

How did WEDX.F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 22:46
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Westaim Corporation is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Vahan Ajamian	Beacon Securities Limited
Paul Holden	CIBC Capital Markets
Jeffrey Fenwick	Cormark Securities Inc.