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Home CompaniesWestern Investment Company of Canada Limited

Western Investment Company of Canada Limited

Financial Services Insurance - Diversified
PortfolioPortfolio WatchlistWatchlist
Company price
1.24 CAD -0.01 ( 0.80%)
Last update at 2026-11-04T19:50:00Z
VOLUME
37020
Market Cap
136.61M

Momentum Score

…

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada. It provides repair and replacement of windshields, side windows, side mirrors, rear windows, and sun roofs; and wholesale of aftermarket glass parts and materials. The company also operates as a specialty retailer, which imports and sells household products through a marketing channel in North America; provides commercial, property, accident and sickness, boiler and machinery, marine, and automobile liability insurance services; and produces and distributes butter and ice cream products, and ice cream cones through grocery retail and food service network in Western Canada, as well as through two distribution facilities in Edmonton and Kelowna. It serves dealerships, auto-body shops, fleet companies, and car rental companies through 10 retail locations, and mobile repair and installation units. The firm seeks to invest in the companies having enterprise value between CAD10 million ($7.88 million) to CAD100 million ($78.84 million). The firm acquires significant ownership positions and seeks to take majority stakes in its portfolio companies. The Western Investment Company of Canada Limited was founded in 2015 and is based in Calgary, 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
1.22
Low
1.26
High
52 Week Price Range
0.46
Low
0.98
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
AI Summary

Western Investment Company of Canada Limited is a publicly listed investment company on the TSX Venture Exchange that holds a portfolio of securities to generate long-term capital and income. Public information is limited; growth may be driven by appreciation of holdings, income generation and portfolio management, which could appeal to investors seeking diversified exposure through a single listed vehicle.

Key risks include market volatility, concentration and liquidity typical of smaller listed investment companies, potential persistent discounts to net asset value and limited disclosure that hampers assessment.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.25
Dividend Yield
-
Revenue TTM
35.68M
Revenue Per Share
0.23
Gross Profit TTM
4.57M
Debt / Equity
-
ROE
-0.90%
Net Debt
6.11M
ROCE
-3.82%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -0.44M 1.07M 0.11M -0.22M 0.02M
Minority interest 0.00M 0.04M 0.00M - -
Net income -0.56M 1.31M 0.20M -0.22M 0.02M
Selling general administrative 4.91M 1.65M 0.42M 0.69M 0.75M
Gross profit - -0.79M -0.28M - -
Reconciled depreciation 0.33M 0.08M 0.01M - -
Ebit - - - - 0.69M
Ebitda - - - 0.45M 0.63M
Operating income - -2.57M -0.74M -0.49M 0.63M
Interest expense 0.21M 0.54M 0.79M 0.67M 0.61M
Tax provision 0.12M 0.03M -0.10M - -
Interest income - 0.84M 0.61M 0.60M 0.07M
Net interest income 1.46M 0.30M -0.19M -0.07M -0.61M
Total revenue 34.52M 8.13M 0.17M 0.28M 1.38M
Total operating expenses 33.97M 10.70M 0.91M 0.77M 0.75M
Cost of revenue - 8.92M 0.45M - -
Total other income expense net - 3.33M 1.03M 0.34M 1.04M
Net income from continuing ops -0.56M 1.04M 0.20M -0.22M 0.02M
Net income applicable to common shares - - - - 0.02M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 138.42M 103.75M 19.86M 18.62M 19.50M
Intangible assets 1.70M 1.90M - - -
Total liab 73.11M 43.00M 7.08M 6.24M 5.78M
Total stockholder equity 63.93M 59.66M 12.78M 12.38M 13.72M
Common stock - - - - 15.71M
Capital stock 51.33M 46.17M 15.65M 15.69M 15.71M
Retained earnings -6.51M -5.95M -5.55M -5.61M -4.22M
Good will 7.69M 7.69M - - -
Other assets - - - - 0.77M
Cash 55.78M 43.25M 0.62M 0.03M 0.02M
Total current liabilities - 36.62M 1.48M 0.15M 1.16M
Net debt - - 6.11M 6.06M 5.61M
Short long term debt - - 1.12M - 1.01M
Other stockholder equity - - - - 0.81M
Total current assets - 71.63M 0.66M 0.42M 0.05M
Long term investments 17.07M 22.35M 18.47M 17.34M 18.69M
Net tangible assets - - - - 13.72M
Short term investments - 5.74M - - -
Net receivables 0.91M 0.05M 0.01M 0.00M 0.02M
Long term debt 0.90M 5.84M 5.60M 6.08M 4.62M
Accounts payable 1.12M 2.23M - - 0.14M
Non current assets total - 32.12M 19.21M 18.20M 19.45M
Capital lease obligations 0.07M 0.14M - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 6.09M 0.85M 0.00M 0.58M 0.02M
Change to liabilities - - - - 0.00M
Total cashflows from investing activities - - - - 0.16M
Net borrowings -0.08M -1.22M 0.82M - 0.24M
Total cash from financing activities -0.08M 31.98M 0.38M 0.01M -0.10M
Change to operating activities - - - - 0.02M
Net income -0.56M 1.31M 0.20M -0.22M 0.02M
Change in cash 12.54M 42.63M 0.59M 0.00M -0.34M
Begin period cash flow 43.25M 0.62M 0.03M 0.02M 0.37M
End period cash flow 55.78M 43.25M 0.62M 0.03M 0.02M
Total cash from operating activities 6.10M 0.26M -0.02M -0.59M -0.41M
Issuance of capital stock 0.00M 36.30M 0.00M - -
Depreciation 0.33M 0.08M 0.01M - -
Other cashflows from investing activities - - - - 0.14M
Dividends paid - 0.00M -0.15M 0.15M 0.00M
Change to account receivables - -0.04M -0.01M -0.00M -
Sale purchase of stock - 0.00M -0.03M -0.02M -0.04M
Other cashflows from financing activities - - - - -0.30M
Change to netincome - - - - -0.45M
Capital expenditures 0.05M 0.03M 0.00M 0.00M 0.00M
Change in working capital - 1.95M 0.55M -0.35M 0.02M
Stock based compensation 0.40M 0.19M 0.06M 0.05M 0.06M
Other non cash items 7.74M 0.77M 0.63M 0.26M 0.52M
Free cash flow 6.05M 0.23M -0.02M -0.59M -0.41M

Peer Comparison*

Sector: Financial Services Industry: Insurance - Diversified

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)
WI
Western Investment Company of Canada Limited		 -0.01
0.80%		 1.24 - - 3.83 2.16 2.42 37.05

Profile*

Western Investment Company of Canada Limited

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada. It provides repair and replacement of windshields, side windows, side mirrors, rear windows, and sun roofs; and wholesale of aftermarket glass parts and materials. The company also operates as a specialty retailer, which imports and sells household products through a marketing channel in North America; provides commercial, property, accident and sickness, boiler and machinery, marine, and automobile liability insurance services; and produces and distributes butter and ice cream products, and ice cream cones through grocery retail and food service network in Western Canada, as well as through two distribution facilities in Edmonton and Kelowna. It serves dealerships, auto-body shops, fleet companies, and car rental companies through 10 retail locations, and mobile repair and installation units. The firm seeks to invest in the companies having enterprise value between CAD10 million ($7.88 million) to CAD100 million ($78.84 million). The firm acquires significant ownership positions and seeks to take majority stakes in its portfolio companies. The Western Investment Company of Canada Limited was founded in 2015 and is based in Calgary, Canada.

1010 24 Street SE, Calgary, AB, Canada, T1V 2A7

403 652 2663

https://westerninvest.ca

4

Name Title Year Born
Mr. Scott A. Tannas Pres, CEO, Sec. & Director 1962
Ms. Stacey Cross Chief Financial Officer NA
Mr. Shafeen Ashraf Mawani Chief Operating Officer NA
Mr. Scott A. Tannas President, CEO, Secretary & Director 1962
Ms. Stacey Cross C.A., CPA Chief Financial Officer NA
Mr. Shafeen Ashraf Mawani C.F.A., M.B.A. Chief Operating Officer NA
Mr. Scott A. Tannas Executive Chairman 1962
Mr. Paul C. Rivett President, CEO & Director 1968
Mr. Pablo Dancuart C.A., CPA Chief Financial Officer NA
Mr. Wayne Connelly Chief Client Officer NA

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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