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Wilmington Capital Management Inc. is a private equity firm specializing in special situation investments. The firm prefers to invest in real estate and energy sectors. It owns and operates 38 self-storage facilities with approximately 1.6 million square feet of rentable area in British Columbia, Alberta, Manitoba, and Ontario. In addition, it owns and operates 4 marinas in Ontario, which include approximately 1,700 boat slips and 100 acres of waterfront land. The company was formerly known as Unicorp Inc. and changed its name to Wilmington Capital Management Inc. in March 2002. Wilmington Capital Management Inc. was founded in 1979 and is based in Calgary, Canada with an additional office in Toronto, Canada.
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Public information on Wilmington Capital Management Inc (WCM-A.TO) is limited; the Toronto-listed company appears to operate as a capital management/holding entity that derives returns from its investment portfolio and related fees. Long-term growth may be driven by portfolio performance, disciplined capital deployment and fee generation, and investors may find exposure to a small listed manager and potential portfolio diversification attractive.
Material risks include limited disclosure and share liquidity, concentration and manager-dependence of investments, sensitivity to market and interest-rate moves, and execution or governance shortcomings.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 3.26M | -0.36M | 0.52M | 39.83M | -0.08M |
| Net income | 2.80M | -0.46M | 0.66M | 34.15M | 1.43M |
| Selling general administrative | 2.34M | 1.95M | 1.67M | 1.83M | 1.20M |
| Gross profit | 1.66M | 0.39M | 0.21M | 0.16M | 0.44M |
| Reconciled depreciation | 0.03M | 0.12M | 0.19M | 0.20M | - |
| Ebit | 0.84M | -0.35M | 0.31M | -0.48M | -0.76M |
| Ebitda | 0.87M | -0.23M | 0.50M | -0.29M | -0.08M |
| Depreciation and amortization | 0.03M | 0.12M | 0.19M | 0.20M | - |
| Operating income | 0.84M | -0.35M | 0.31M | -0.48M | -0.76M |
| Other operating expenses | 2.37M | 2.08M | 1.86M | 2.03M | 1.20M |
| Interest expense | 0.01M | 0.01M | 0.03M | 0.02M | 0.00M |
| Tax provision | 0.46M | 0.10M | -0.14M | 5.68M | -1.51M |
| Interest income | 1.23M | 1.56M | 1.96M | 1.39M | 0.29M |
| Net interest income | 1.22M | -0.01M | -0.03M | -0.02M | 0.29M |
| Income tax expense | 0.46M | 0.10M | -0.14M | 5.68M | -1.51M |
| Total revenue | 1.66M | 0.39M | 0.21M | 0.16M | 0.44M |
| Total operating expenses | 2.37M | 2.08M | 1.86M | 2.03M | 1.20M |
| Cost of revenue | - | - | - | - | 0.00M |
| Total other income expense net | 2.42M | -0.01M | 0.21M | 40.31M | 0.67M |
| Net income from continuing ops | 2.80M | -0.46M | 0.66M | 34.15M | 1.43M |
| Net income applicable to common shares | 2.80M | -0.46M | 0.66M | 34.15M | 1.43M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 70.77M | 64.02M | 62.26M | 61.26M | 24.96M |
| Other current assets | 0.03M | 0.03M | 0.11M | - | - |
| Total liab | 2.38M | 1.41M | 1.06M | 4.88M | 0.62M |
| Total stockholder equity | 68.39M | 62.62M | 61.20M | 56.38M | 24.34M |
| Other current liab | 0.12M | 0.03M | 0.08M | 3.81M | - |
| Common stock | 51.18M | 51.18M | 51.18M | 51.18M | 40.41M |
| Capital stock | 51.18M | 51.18M | 51.18M | 51.18M | 40.41M |
| Retained earnings | 7.38M | 4.59M | 5.05M | 4.39M | -16.39M |
| Other liab | 1.32M | 0.57M | 0.27M | - | - |
| Other assets | - | 2.06M | 0.51M | 0.50M | 2.16M |
| Cash | 4.01M | 1.92M | 3.06M | 5.07M | 3.08M |
| Total current liabilities | 0.95M | 0.69M | 0.80M | 4.74M | 0.62M |
| Net debt | -3.85M | -1.76M | -2.92M | -4.68M | -3.08M |
| Short term debt | 0.04M | 0.02M | 0.14M | 0.26M | - |
| Short long term debt total | 0.15M | 0.16M | 0.14M | 0.39M | - |
| Other stockholder equity | 1.48M | 1.15M | 0.60M | 0.27M | 0.39M |
| Property plant equipment | 0.09M | 0.12M | - | 0.30M | - |
| Total current assets | 39.09M | 37.60M | 45.30M | 51.83M | 3.24M |
| Long term investments | 31.59M | 24.24M | 16.45M | 8.62M | 19.57M |
| Net tangible assets | 68.39M | 62.62M | 61.20M | 56.38M | 24.34M |
| Short term investments | 22.00M | 35.00M | 41.00M | 45.00M | - |
| Net receivables | 13.01M | 0.68M | 1.24M | 1.76M | 0.16M |
| Inventory | 0.05M | - | - | - | - |
| Accounts payable | 0.79M | 0.64M | 0.58M | 0.67M | 0.62M |
| Accumulated other comprehensive income | 8.35M | 5.70M | 4.37M | 0.55M | -0.07M |
| Non currrent assets other | - | 2.06M | 0.51M | 0.33M | - |
| Non current assets total | 31.68M | 26.42M | 16.96M | 9.43M | 21.72M |
| Capital lease obligations | 0.15M | 0.16M | 0.14M | 0.39M | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 1.83M | -0.46M | 0.79M | 6.99M | 0.48M |
| Change to liabilities | 0.15M | 0.06M | -0.09M | 0.05M | -0.01M |
| Total cashflows from investing activities | 1.83M | -0.91M | 0.65M | 7.16M | 1.76M |
| Net borrowings | -0.02M | -0.14M | -0.28M | -0.13M | -0.13M |
| Total cash from financing activities | -0.02M | -0.14M | -0.28M | -3.26M | -3.26M |
| Net income | 2.80M | -0.48M | 0.66M | 34.15M | 1.43M |
| Change in cash | 2.08M | -1.13M | -2.02M | 2.00M | 1.44M |
| Begin period cash flow | 1.92M | 3.06M | 5.07M | 3.08M | 1.64M |
| End period cash flow | 4.01M | 1.92M | 3.06M | 5.07M | 3.08M |
| Total cash from operating activities | 0.27M | -0.08M | -2.39M | -1.90M | -0.33M |
| Depreciation | 0.03M | 0.12M | 0.19M | 0.20M | 0.20M |
| Other cashflows from investing activities | -9.43M | -0.45M | -0.14M | 0.17M | 1.28M |
| Dividends paid | - | - | - | 2.09M | - |
| Change to account receivables | 0.25M | 0.23M | 1.08M | -1.78M | 0.37M |
| Other cashflows from financing activities | 1.83M | -0.91M | 0.65M | -1.04M | 1.76M |
| Change to netincome | -3.05M | 0.02M | -0.50M | -38.32M | -2.11M |
| Capital expenditures | 0.00M | 0.00M | 0.50M | 0.00M | 0.00M |
| Change in working capital | 0.49M | 0.24M | -2.75M | 2.08M | 0.36M |
| Stock based compensation | 0.33M | 0.55M | 0.34M | 0.41M | 0.26M |
| Other non cash items | -3.76M | -0.61M | -0.71M | -40.61M | -0.86M |
| Free cash flow | 0.27M | -0.08M | -1.89M | -1.90M | -0.33M |
Sector: Financial Services Industry: Asset Management
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WCM-A Wilmington Capital Management Inc |
- -% |
2.75 | 57.14 | - | 12.51 | 0.72 | 21.04 | 19.36 |
| BLK BlackRock CDR (CAD Hedged) |
1.66 5.64% |
31.10 | 25.23 | 18.90 | 6.38 | 2.79 | 6.35 | 17.13 |
| BN Brookfield Corporation |
2.94 5.16% |
59.78 | 94.76 | 11.96 | 1.84 | 2.36 | 4.58 | 10.80 |
| BAM Brookfield Asset Management Ltd |
4.11 5.76% |
75.43 | 31.22 | 25.51 | 22.40 | 9.70 | 17.61 | 25.08 |
| PHYS Sprott Physical Gold Trust |
1.05 2.52% |
42.64 | 3.81 | - | 3.47 | 1.06 | 4.09 | 0.66 |
Wilmington Capital Management Inc. is a private equity firm specializing in special situation investments. The firm prefers to invest in real estate and energy sectors. It owns and operates 38 self-storage facilities with approximately 1.6 million square feet of rentable area in British Columbia, Alberta, Manitoba, and Ontario. In addition, it owns and operates 4 marinas in Ontario, which include approximately 1,700 boat slips and 100 acres of waterfront land. The company was formerly known as Unicorp Inc. and changed its name to Wilmington Capital Management Inc. in March 2002. Wilmington Capital Management Inc. was founded in 1979 and is based in Calgary, Canada with an additional office in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Christopher J. Killi | Managing Partner, CEO & Non-Independent Director | NA |
| Mr. Joseph F. Killi CA | Non-Independent Vice Chairman | 1952 |
| Mr. Patrick Richard Craddock | Managing Partner & VP of Fin. | NA |
| Mr. J. Francis Cooke | Advisory Services | NA |
| Ms. Alex Powell | Corp. Sec. | NA |
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