Westaim (WED) Stock Price, News & Analysis

Company 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. 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 firm seeks to provide long term capital to businesses operating in the global financial services industry. It typically acquires controlling interests in businesses. The firm seeks to acquire debt, equity, or derivative securities of both public and private companies. It invests with the objective of providing its shareholders with capital appreciation and real wealth preservation. The firm seeks to provide its portfolio companies with advisory services including, but not limited to, advice on capital allocation, financing strategy, performance measurement and merger and acquisition support. It also seeks to partner with like-minded providers of third party capital to help supplement the firm's own capital, when completing acquisitions. The firm generally seeks to hold its investments for seven to 15 years. The Westaim Corporation was founded in 1996 and is based in Toronto, Canada.

Key Stats

• Today's Range: C$4.84 to C$4.93
• 50-Day Range: C$3.90 to C$5.10
• 52-Week Range: C$3.38 to C$5.11
• Volume: 77,594 shs
• Average Volume: 146,297 shs
• Market Capitalization: C$629.31 million
• P/E Ratio: 7.55
• Dividend Yield: 3.67%
• Price Target: C$4.75
• Consensus Rating: N/A

Westaim Stock Analysis - MarketRank™

Westaim scored higher than 3% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.0 / 5
• Analyst Rating: N/A

Amount of Analyst Coverage

Westaim has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Westaim is 7.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Westaim is 7.55, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 441.24.

Price to Book Value per Share Ratio

Westaim has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for WED.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Westaim is a leading dividend payer. It pays a dividend yield of 10.32%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Westaim does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Westaim is 27.69%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for WED.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.19

News Sentiment

Westaim has a news sentiment score of -0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Westaim this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Westaim insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.25% of the stock of Westaim is held by insiders.

Percentage Held by Institutions

Only 12.11% of the stock of Westaim is held by institutions.

WED Stock Analysis - Frequently Asked Questions

How have WED shares performed this year?

Westaim's stock was trading at C$3.76 at the beginning of 2024. Since then, WED stock has increased by 30.8% and is now trading at C$4.91.
View the best growth stocks for 2024 here.

How do I buy shares of Westaim?

Shares of WED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Westaim own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Westaim investors own include Arista Networks (ANET), MercadoLibre (MELI), NextEra Energy Partners (NEP), Enbridge (ENB), ASML (ASML), Enterprise Products Partners (EPD) and Innovative Industrial Properties (IIPR).

Company Calendar

• Today: 11/21/2024
• Next Earnings (Estimated): 3/26/2025

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Financial Services
• Industry: Asset Management
• Sub-Industry: Banking
• Current Symbol: CVE:WED
• CUSIP: N/A
• CIK: N/A
• Web: www.westaim.com
• Phone: +1-416-9693333
• Fax: N/A
• Employees: 3,240
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$4.75
• High Stock Price Target: C$4.75
• Low Stock Price Target: C$4.75
• Potential Upside/Downside: -3.3%
• Consensus Rating: N/A
• Rating Score (0-4): 0.00
• Research Coverage: 0 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.65
• Trailing P/E Ratio: 7.55
• Forward P/E Ratio: 52.76
• P/E Growth: N/A
• Net Income: C$64.37 million
• Net Margins: 61.76%
• Pretax Margin: N/A
• Return on Equity: 13.13%
• Return on Assets: 7.60%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 11.67
• Quick Ratio: 27.60

Sales & Book Value

• Annual Sales: C$104.22 million
• Price / Sales: 6.04
• Cash Flow: C$4.89 per share
• Price / Cash Flow: 1.00
• Book Value: C$3.96 per share
• Price / Book: 1.24

Miscellaneous

• Outstanding Shares: 128,170,000
• Free Float: N/A
• Market Cap: C$629.31 million
• Optionable: Not Optionable
• Beta: 0.39