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Westaim

DB:WEM1
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WEM1
DB
CA$235M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

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. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Westaim is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Westaim has significant price volatility in the past 3 months.
WEM1 Share Price and Events
7 Day Returns
-10.5%
DB:WEM1
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-39.6%
DB:WEM1
-11.8%
DE Capital Markets
-20.4%
DE Market
WEM1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Westaim (WEM1) -10.5% -32.5% -44% -39.6% - -
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • WEM1 underperformed the Capital Markets industry which returned -11.8% over the past year.
  • WEM1 underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
WEM1
Industry
5yr Volatility vs Market

WEM1 Value

 Is Westaim undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Westaim to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Westaim.

DB:WEM1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $2.58 * 2.9%
$0.07
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $2.58
Discount Rate (Cost of Equity) See below 4.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WEM1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 26.5%) (23.59%))
0.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.917 * 5.44%)
4.6%

Discounted Cash Flow Calculation for DB:WEM1 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Westaim is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:WEM1 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.9% – 4.6%) * $2.58)
$-0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.04 / (4.6% - -0.39%)
$-0.90
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $2.58 + $-0.90
$1.68
DB:WEM1 Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:WED)
1.415
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $1.68 x 1.415
CA$2.38
Non-primary Listing Adjustment Factor 1 share in DB:WEM1 represents 0.64557x of TSXV:WED
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64557x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.38 x 0.64557
€1.53
Value per share (EUR) From above. €1.53
Current discount Discount to share price of €1.02
= -1 x (€1.02 - €1.53) / €1.53
33.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Westaim is available for.
Intrinsic value
33%
Share price is €1.02 vs Future cash flow value of €1.53
Current Discount Checks
For Westaim to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Westaim's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Westaim's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Westaim's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Westaim's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WEM1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.06
TSXV:WED Share Price ** TSXV (2020-04-02) in CAD CA$1.58
TSXV:WED Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $1.12
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Westaim.

DB:WEM1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:WED Share Price ÷ EPS (both in USD)

= 1.12 ÷ 0.06

18.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Westaim is good value based on earnings compared to the DE Capital Markets industry average.
  • Westaim is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Westaim's expected growth come at a high price?
Raw Data
DB:WEM1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Westaim, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Westaim's assets?
Raw Data
DB:WEM1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.48
TSXV:WED Share Price * TSXV (2020-04-02) in CAD CA$1.58
TSXV:WED Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $1.12
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:WEM1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:WED Share Price ÷ Book Value per Share (both in USD)

= 1.12 ÷ 2.48

0.45x

* Primary Listing of Westaim.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Westaim is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Westaim's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Westaim has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WEM1 Future Performance

 How is Westaim expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Westaim has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Westaim expected to grow at an attractive rate?
  • Unable to compare Westaim's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Westaim's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Westaim's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:WEM1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WEM1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WEM1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-02
DB:WEM1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 19 1 9
2019-09-30 33 -3 28
2019-06-30 35 -4 29
2019-03-31 29 -3 21
2018-12-31 21 -4 17
2018-09-30 28 -2 17
2018-06-30 27 -2 19
2018-03-31 25 -1 10
2017-12-31 24 0 6
2017-09-30 12 -1 -2
2017-06-30 5 -2 -12
2017-03-31 -1 -4 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Westaim is high growth as no earnings estimate data is available.
  • Unable to determine if Westaim is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WEM1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Westaim Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WEM1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-02
DB:WEM1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.06
2019-09-30 0.20
2019-06-30 0.20
2019-03-31 0.15
2018-12-31 0.12
2018-09-30 0.12
2018-06-30 0.13
2018-03-31 0.07
2017-12-31 0.04
2017-09-30 -0.02
2017-06-30 -0.08
2017-03-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Westaim will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Westaim is trading at Westaim'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Westaim's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Westaim's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Westaim's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Westaim has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WEM1 Past Performance

  How has Westaim performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Westaim's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Westaim's year on year earnings growth rate has been positive over the past 5 years.
  • Westaim's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Westaim's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Westaim's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Westaim Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WEM1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 19.29 8.52 7.06
2019-09-30 32.85 28.18 5.34
2019-06-30 34.57 28.85 5.97
2019-03-31 28.87 20.97 7.42
2018-12-31 21.08 16.79 7.25
2018-09-30 27.69 17.06 8.61
2018-06-30 26.62 18.92 8.37
2018-03-31 25.12 9.53 8.40
2017-12-31 23.55 5.58 8.60
2017-09-30 12.15 -2.18 8.26
2017-06-30 4.99 -12.16 8.78
2017-03-31 -1.12 -7.73 7.56
2016-12-31 -1.30 -8.30 7.36
2016-09-30 -2.74 -13.11 8.44
2016-06-30 -2.78 -2.40 5.92
2016-03-31 -0.10 -0.93 6.30
2015-12-31 -2.45 7.64 7.37
2015-09-30 9.15 20.25 9.69
2015-06-30 20.88 27.73 8.23
2015-03-31 20.32 28.96 6.87
2014-12-31 19.03 17.74 5.58
2014-09-30 10.19 9.10 3.06
2014-06-30 0.28 -6.61 5.92
2014-03-31 0.34 -4.43 5.27
2013-12-31 0.40 -3.49 4.42
2013-09-30 0.42 -2.63 2.93
2013-06-30 0.34 -17.66 17.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Westaim has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Westaim used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Westaim has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Westaim's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Westaim has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WEM1 Health

 How is Westaim's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Westaim's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Westaim is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Westaim's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Westaim's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Westaim Company Filings, last reported 3 months ago.

DB:WEM1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 354.67 38.50 395.75
2019-09-30 367.54 37.77 406.78
2019-06-30 363.55 38.22 390.21
2019-03-31 355.53 37.44 381.30
2018-12-31 345.18 36.65 371.15
2018-09-30 338.03 38.70 366.99
2018-06-30 333.02 38.02 361.48
2018-03-31 332.52 38.78 356.79
2017-12-31 326.04 39.88 353.45
2017-09-30 318.63 40.10 338.71
2017-06-30 311.76 38.57 333.89
2017-03-31 320.68 0.00 328.29
2016-12-31 318.51 0.00 325.41
2016-09-30 319.19 0.00 327.74
2016-06-30 322.65 0.00 329.87
2016-03-31 327.46 0.00 334.86
2015-12-31 326.09 0.00 331.81
2015-09-30 331.83 0.00 338.63
2015-06-30 159.29 0.00 173.87
2015-03-31 165.59 0.00 174.59
2014-12-31 167.23 0.00 173.76
2014-09-30 166.32 0.00 84.91
2014-06-30 21.13 0.00 29.16
2014-03-31 26.54 0.00 30.25
2013-12-31 29.09 0.00 33.33
2013-09-30 31.96 0.00 35.17
2013-06-30 31.71 0.00 34.73
  • Westaim's level of debt (10.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Westaim's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (3.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Westaim's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Westaim has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WEM1 Dividends

 What is Westaim's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Westaim dividends.
If you bought €2,000 of Westaim shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Westaim's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Westaim's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WEM1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WEM1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-02

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Westaim has not reported any payouts.
  • Unable to verify if Westaim's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Westaim's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Westaim has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Westaim's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Westaim afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Westaim has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WEM1 Management

 What is the CEO of Westaim's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Cam MacDonald
COMPENSATION $1,120,954
TENURE AS CEO 11 years
CEO Bio

Mr. John Cameron MacDonald, also known as Cam, CFA has been the President and Chief Executive Officer since April 3, 2009. Mr. MacDonald served as the President and Chief Executive Officer at Goodwood Inc. from September 2000 to December 2012. He joined Goodwood in September 2000. Prior to Goodwood Inc., Mr. MacDonald served as a Director and Principal at Connor Clark Private Trust from May 1990 to 1999. From 1983 through 1990, he held various positions at CIBC Wood Gundy in Credit, Operations and thereafter as an Account Executive (Vice President). He is the Chairman of Arena Investors, LP. Mr. MacDonald has been a Director at Westaim Corp. since December 2008. He served as an Interim Chairman of Frontline Technologies Inc. until April 13, 2011. Mr. MacDonald was a Director of ATS Automation Tooling Systems Inc. from 2007 to 2008 and of Jevco Insurance Company from 2010 to 2012. He served as a Director of Frontline Technologies Inc. from May 5, 2008 to March 22, 2012. Mr. MacDonald is a CFA charter holder. He earned a B.A. in Economics from the Wilfrid Laurier University.

CEO Compensation
  • Cam's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Cam's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Westaim management team in years:

7.2
Average Tenure
69
Average Age
  • The average tenure for the Westaim management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ian Delaney

TITLE
Executive Chairman of the Board
COMPENSATION
$560K
AGE
75

Cam MacDonald

TITLE
President
COMPENSATION
$1M
TENURE
11 yrs

Glenn MacNeil

TITLE
Chief Financial Officer
COMPENSATION
$352K
AGE
60
TENURE
5.3 yrs

Rob Kittel

TITLE
Chief Operating Officer
COMPENSATION
$837K
AGE
47
TENURE
7.2 yrs

Stephen Way

TITLE
Chief Executive of HIIG
COMPENSATION
$711K
AGE
70

Karen Woodfield

TITLE
Controller

Nakul Randev

TITLE
Principal

Cristina Nunes

TITLE

Bill Andrus

TITLE
AGE
69
Board of Directors Tenure

Average tenure and age of the Westaim board of directors in years:

10.9
Average Tenure
64
Average Age
  • The average tenure for the Westaim board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ian Delaney

TITLE
Executive Chairman of the Board
COMPENSATION
$560K
AGE
75

Cam MacDonald

TITLE
President
COMPENSATION
$1M
TENURE
11.3 yrs

John Gildner

TITLE
Independent Director
COMPENSATION
$72K
AGE
57
TENURE
10.9 yrs

Stephen Cole

TITLE
Lead Independent Director
COMPENSATION
$99K
AGE
67

Bruce Walter

TITLE
Independent Director
COMPENSATION
$57K
AGE
61
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Oct 19 Sell Stephen Cole Individual 10. Oct 19 10. Oct 19 -7,000 €1.66 €-11,631
16. Oct 19 Buy Seeonee Inc, Asset Management Arm Company 11. Oct 19 11. Oct 19 7,000 €2.20 €15,394
16. Oct 19 Buy Parag Shah Individual 10. Oct 19 10. Oct 19 50,000 €1.68 €83,878
10. Oct 19 Buy Glenn MacNeil Individual 10. Oct 19 10. Oct 19 15,000 €1.68 €25,128
09. Oct 19 Buy Glenn MacNeil Individual 08. Oct 19 09. Oct 19 14,872 €1.69 €25,125
20. Aug 19 Buy Parag Shah Individual 19. Aug 19 19. Aug 19 400,000 €1.79 €708,349
04. Jun 19 Buy Parag Shah Individual 03. Jul 18 10. May 19 227,100 €2.20 €463,040
X
Management checks
We assess Westaim's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Westaim has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WEM1 News

Simply Wall St News

WEM1 Company Info

Description

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.

Details
Name: The Westaim Corporation
WEM1
Exchange: DB
Founded: 1996
CA$152,567,752
143,186,718
Website: http://www.westaim.com
Address: The Westaim Corporation
70 York Street,
Suite 1700,
Toronto,
Ontario, M5J 1S9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV WED Common Shares TSX Venture Exchange CA CAD 05. Jul 1996
OTCPK WEDX.F Common Shares Pink Sheets LLC US USD 05. Jul 1996
DB WEM1 Common Shares Deutsche Boerse AG DE EUR 05. Jul 1996
Number of employees
Current staff
Staff numbers
7
Westaim employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 21:24
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.