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Home CompaniesWestaim Corp

Westaim Corp

Financial Services Asset Management
PortfolioPortfolio WatchlistWatchlist
Company price
28.38 CAD -2.57 ( 8.30%)
Last update at 2025-08-08T16:38:00Z
VOLUME
15550
Market Cap
638.30M
P/E
7.43

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
28.25
Low
28.53
High
52 Week Price Range
3.38
Low
5.00
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
30.95
Dividend Yield
-
Revenue TTM
104.22M
Revenue Per Share
0.79
Gross Profit TTM
27.44M
Debt / Equity
0.00
ROE
13.13%
Net Debt
-134.90M
ROCE
34.68%
Diluted EPS TTM
0.67

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 186.28M 17.60M 28.43M -34.28M 9.46M
Net income 183.98M 17.96M 28.21M -34.40M 8.52M
Selling general administrative 2.38M 2.38M 1.89M 2.01M 1.97M
Gross profit 211.27M 25.67M 31.70M -27.47M 16.87M
Reconciled depreciation 0.14M 0.14M 0.14M 0.15M 0.05M
Ebit 186.28M 19.50M 28.43M -34.28M 9.46M
Ebitda 186.42M 19.64M 28.58M -34.13M 9.51M
Depreciation and amortization 0.14M 0.14M 0.14M 0.15M 0.05M
Operating income 186.28M 19.50M 28.43M -34.28M 9.46M
Other operating expenses 24.99M 8.07M 3.27M 6.13M 7.06M
Interest expense 1.01M 1.90M 1.99M 1.86M 1.90M
Tax provision 2.30M -0.36M 0.22M 0.12M 0.94M
Interest income 3.75M 1.38M 1.41M 1.17M 2.07M
Net interest income 2.74M -0.52M -0.58M -0.69M 0.17M
Income tax expense 2.30M -0.36M 0.22M 0.12M 0.94M
Total revenue 211.27M 25.67M 31.70M -27.47M 16.87M
Total operating expenses 24.99M 8.07M 3.27M 6.13M 7.06M
Total other income expense net -1.51M -1.90M 2.10M -2.13M -2.76M
Net income from continuing ops 183.98M 17.96M 28.21M -34.40M 8.52M
Net income applicable to common shares - 17.96M 28.21M -34.40M 8.52M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 551.82M 413.29M 401.66M 377.35M 410.75M
Other current assets 387.22M - - - 0.24M
Total liab 33.48M 50.22M 53.98M 56.83M 56.08M
Total stockholder equity 518.35M 363.07M 347.68M 320.52M 354.67M
Other current liab -14.60M 1.19M 1.82M 0.84M 0.87M
Common stock 353.84M 378.56M 381.13M 382.18M 382.18M
Capital stock 353.84M 378.56M 381.13M 382.18M 382.18M
Retained earnings 152.99M -31.00M -48.96M -77.17M -42.77M
Other liab - 0.09M 1.30M 6.25M 6.42M
Other assets 1.54M 0.18M - 1.64M 2.30M
Cash 135.03M 3.43M 6.56M 8.74M 22.24M
Total current liabilities 14.60M 13.19M 13.13M 11.33M 11.16M
Net debt -134.90M - - - -
Short long term debt total 0.13M - - - -
Other stockholder equity 11.52M -2.23M -2.23M -2.23M -2.23M
Property plant equipment - 0.26M 0.40M 0.54M 0.66M
Total current assets 135.90M 385.90M 375.08M 356.65M 397.82M
Long term investments 414.26M 409.13M 394.27M 366.91M 385.78M
Net tangible assets - 363.07M 347.68M 320.52M 354.67M
Short term investments 386.73M - - - -
Net receivables 0.86M 0.29M 0.43M 1.17M 1.82M
Inventory -386.73M - - - -
Accounts payable 14.60M 3.32M 3.58M 2.35M 2.14M
Accumulated other comprehensive income -2.23M - - - -
Non currrent assets other -414.39M - - - -
Non current assets total 414.39M - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments 198.89M 1.90M 1.90M -24.01M -24.01M
Change to liabilities - -1.15M 1.11M 0.11M 1.40M
Total cashflows from investing activities - 1.90M 3.99M -32.04M 13.06M
Total cash from financing activities -64.20M -2.56M -1.05M -1.05M -1.05M
Change to operating activities - 0.06M 0.74M 0.30M -1.11M
Net income 183.98M 17.96M 28.21M -34.40M 8.52M
Change in cash 131.60M -3.12M -2.18M -13.50M 14.40M
Begin period cash flow 3.43M 6.56M 8.74M 22.24M 7.84M
End period cash flow 135.03M 3.43M 6.56M 8.74M 22.24M
Total cash from operating activities -3.09M -2.46M -5.12M 18.54M 1.34M
Depreciation 0.14M 0.14M 0.14M 0.15M 0.05M
Other cashflows from investing activities - - 4.00M -8.00M 13.06M
Sale purchase of stock -64.30M -2.56M -1.05M 0.00M -
Other cashflows from financing activities 0.10M 1.90M 3.99M -32.04M 13.06M
Change to netincome - -19.48M -35.32M 52.38M -7.11M
Capital expenditures 0.00M 0.00M 0.01M 0.03M 0.00M
Change in working capital 10.84M -1.52M 1.72M 0.68M 0.25M
Stock based compensation 5.52M 0.87M 0.51M 0.35M 1.42M
Other non cash items -198.05M -19.04M -35.19M 52.11M -7.48M
Free cash flow -3.09M -2.46M -5.13M 18.51M 1.34M

Peer Comparison*

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)
WED
Westaim Corp		 -2.57
8.30%		 28.38 7.43 42.55 6.12 0.91 4.41 17.08
PVF-UN
Partners Value Investments LP		 -
-%		 16.00 175.06 - 5.81 - - -
CTH
CoTec Holdings Corp.		 -0.07
6.67%		 0.98 - 0.14 368.93 3.34 36.25 23.26
PTF
Pender Growth Fund VCC Inc		 -
-%		 14.51 - - 5.35 0.90 6.32 29.18
SQG
Spackman Equit		 -
-%		 0.12 - - 6.86 2.68 4.06 -1.45

Profile*

Westaim Corp

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.

70 York Street, Toronto, ON, Canada, M5J 1S9

416-969-3333

https://www.westaim.com

Name Title Year Born
Mr. Ian W. Delaney Exec. Chairman 1944
Mr. John Cameron MacDonald CFA Pres, CEO & Director NA
Mr. Glenn Garry MacNeil C.A., C.M.A., CPA, CFA, CPA Chief Financial Officer 1959
Mr. Robert Terrance Kittel CFA, CPA Chief Operating Officer 1972
Mr. Stephen Lyndon Way Chief Exec. of HIIG 1949
Ms. Karen Woodfield Controller NA
Mr. Nakul Randev Principal NA
Ms. Cristina Nunes Advisor NA
Mr. William R. Andrus Advisor 1950
Mr. Ian W. Delaney Executive Chairman of the Board 1944

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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