The Westaim Corporation
The Westaim Corporation is a private equity and venture capital 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, mezzanine, mid venture, late venture, middle market, later stage, mature, emerging grow… Read more
The Westaim Corporation (WEDXF) - Net Assets
Latest net assets as of September 2025: $675.29 Million USD
Based on the latest financial reports, The Westaim Corporation (WEDXF) has net assets worth $675.29 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($809.06 Million) and total liabilities ($133.78 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $675.29 Million |
| % of Total Assets | 83.47% |
| Annual Growth Rate | 2.52% |
| 5-Year Change | 55.19% |
| 10-Year Change | 52.54% |
| Growth Volatility | 140.84 |
The Westaim Corporation - Net Assets Trend (1996–2024)
This chart illustrates how The Westaim Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Westaim Corporation (1996–2024)
The table below shows the annual net assets of The Westaim Corporation from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $497.41 Million | -4.04% |
| 2023-12-31 | $518.35 Million | +42.77% |
| 2022-12-31 | $363.07 Million | +4.43% |
| 2021-12-31 | $347.68 Million | +8.47% |
| 2020-12-31 | $320.52 Million | -9.63% |
| 2019-12-31 | $354.67 Million | +2.75% |
| 2018-12-31 | $345.18 Million | +5.87% |
| 2017-12-31 | $326.04 Million | +2.37% |
| 2016-12-31 | $318.50 Million | -2.33% |
| 2015-12-31 | $326.09 Million | +95.00% |
| 2014-12-31 | $167.23 Million | +476.21% |
| 2013-12-31 | $29.02 Million | -16.58% |
| 2012-12-31 | $34.79 Million | -91.49% |
| 2011-12-31 | $408.68 Million | +8.33% |
| 2010-12-31 | $377.26 Million | +581.06% |
| 2009-12-31 | $55.39 Million | +10.78% |
| 2008-12-31 | $50.00 Million | -27.31% |
| 2007-12-31 | $68.80 Million | -36.25% |
| 2006-12-31 | $107.91 Million | -27.59% |
| 2005-12-31 | $149.03 Million | +21.22% |
| 2004-12-31 | $122.94 Million | +28.76% |
| 2003-12-31 | $95.48 Million | -4.99% |
| 2002-12-31 | $100.50 Million | -23.31% |
| 2001-12-31 | $131.05 Million | -28.70% |
| 2000-12-31 | $183.80 Million | +2.78% |
| 1999-12-31 | $178.84 Million | -2.28% |
| 1998-12-31 | $183.01 Million | -15.49% |
| 1997-12-31 | $216.56 Million | -12.69% |
| 1996-12-31 | $248.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Westaim Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 15089147928.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $136.81 Million | 27.50% |
| Common Stock | $351.40 Million | 70.65% |
| Other Comprehensive Income | $-2.23 Million | -0.45% |
| Other Components | $11.43 Million | 2.30% |
| Total Equity | $497.41 Million | 100.00% |
The Westaim Corporation Competitors by Market Cap
The table below lists competitors of The Westaim Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pulike Biological Engineering
SHG:603566
|
$382.17 Million |
|
Rigol Technologies Co. Ltd. A
SHG:688337
|
$382.41 Million |
|
Fine Organic Industries Limited
NSE:FINEORG
|
$382.42 Million |
|
SDIC Zhonglu Fruit Juice Co Ltd
SHG:600962
|
$382.44 Million |
|
Vinh Son Song Hinh Hydropower JSC
VN:VSH
|
$381.87 Million |
|
Fastighetsbolaget Emilshus AB
ST:EMIL-B
|
$381.84 Million |
|
Fuda Alloy Materials Co Ltd
SHG:603045
|
$381.82 Million |
|
Guangzhou Lingwe Technology Co. Ltd. A
SHE:301373
|
$381.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Westaim Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 518,346,000 to 497,411,000, a change of -20,935,000 (-4.0%).
- Net loss of 16,177,000 reduced equity.
- Share repurchases of 9,731,000 reduced equity.
- Other comprehensive income decreased equity by 11,395.
- Other factors increased equity by 4,984,395.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-16.18 Million | -3.25% |
| Share Repurchases | $9.73 Million | -1.96% |
| Other Comprehensive Income | $-11.39K | -0.0% |
| Other Changes | $4.98 Million | +1.0% |
| Total Change | $- | -4.04% |
Book Value vs Market Value Analysis
This analysis compares The Westaim Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.02x to 0.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $1000.40 | $20.02 | x |
| 1997-12-31 | $868.76 | $20.02 | x |
| 1998-12-31 | $742.37 | $20.02 | x |
| 1999-12-31 | $694.09 | $20.02 | x |
| 2000-12-31 | $715.25 | $20.02 | x |
| 2001-12-31 | $504.69 | $20.02 | x |
| 2002-12-31 | $386.13 | $20.02 | x |
| 2003-12-31 | $366.30 | $20.02 | x |
| 2004-12-31 | $437.73 | $20.02 | x |
| 2005-12-31 | $436.41 | $20.02 | x |
| 2006-12-31 | $310.29 | $20.02 | x |
| 2007-12-31 | $181.17 | $20.02 | x |
| 2008-12-31 | $130.58 | $20.02 | x |
| 2009-12-31 | $149.55 | $20.02 | x |
| 2010-12-31 | $218.15 | $20.02 | x |
| 2011-12-31 | $186.27 | $20.02 | x |
| 2012-12-31 | $15.54 | $20.02 | x |
| 2013-12-31 | $12.50 | $20.02 | x |
| 2014-12-31 | $26.37 | $20.02 | x |
| 2015-12-31 | $20.63 | $20.02 | x |
| 2016-12-31 | $13.32 | $20.02 | x |
| 2017-12-31 | $13.63 | $20.02 | x |
| 2018-12-31 | $14.44 | $20.02 | x |
| 2019-12-31 | $14.83 | $20.02 | x |
| 2020-12-31 | $13.40 | $20.02 | x |
| 2021-12-31 | $14.25 | $20.02 | x |
| 2022-12-31 | $15.01 | $20.02 | x |
| 2023-12-31 | $21.80 | $20.02 | x |
| 2024-12-31 | $23.18 | $20.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Westaim Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41.24%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.05x
- Recent ROE (-3.25%) is below the historical average (1.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -5.68% | -34.59% | 0.14x | 1.15x | $-38.89 Million |
| 1997 | -9.87% | -33.19% | 0.26x | 1.13x | $-43.04 Million |
| 1998 | -5.50% | -18.21% | 0.28x | 1.09x | $-28.37 Million |
| 1999 | -9.21% | -20.71% | 0.40x | 1.12x | $-34.36 Million |
| 2000 | -5.31% | -11.47% | 0.41x | 1.12x | $-28.15 Million |
| 2001 | -32.34% | -134.20% | 0.21x | 1.14x | $-55.48 Million |
| 2002 | -31.45% | -101.42% | 0.27x | 1.16x | $-41.66 Million |
| 2003 | -28.62% | -206.97% | 0.12x | 1.17x | $-36.88 Million |
| 2004 | -17.04% | -78.91% | 0.19x | 1.17x | $-33.24 Million |
| 2005 | 5.88% | 32.46% | 0.13x | 1.35x | $-5.59 Million |
| 2006 | -44.75% | -183.24% | 0.19x | 1.31x | $-53.07 Million |
| 2007 | -102.95% | -182.32% | 0.38x | 1.48x | $-64.29 Million |
| 2008 | -20.47% | -45.70% | 0.29x | 1.55x | $-12.52 Million |
| 2009 | 1.05% | 50.63% | 0.01x | 1.47x | $-4.22 Million |
| 2010 | 14.36% | 20.03% | 0.21x | 3.37x | $16.43 Million |
| 2011 | 9.54% | 1382.02% | 0.00x | 3.11x | $-1.87 Million |
| 2012 | 297.62% | 33774.10% | 0.01x | 1.14x | $100.07 Million |
| 2013 | -12.01% | -881.24% | 0.01x | 1.15x | $-6.39 Million |
| 2014 | 10.28% | 71.08% | 0.14x | 1.04x | $474.79K |
| 2015 | 2.34% | 47.68% | 0.05x | 1.03x | $-24.97 Million |
| 2016 | -2.60% | 0.00% | 0.00x | 1.03x | $-40.15 Million |
| 2017 | 1.71% | 37.79% | 0.04x | 1.18x | $-27.03 Million |
| 2018 | 4.87% | 69.57% | 0.06x | 1.15x | $-17.72 Million |
| 2019 | 2.40% | 45.41% | 0.05x | 1.16x | $-26.94 Million |
| 2020 | -10.73% | 0.00% | -0.07x | 1.18x | $-66.45 Million |
| 2021 | 8.11% | 83.74% | 0.08x | 1.16x | $-6.56 Million |
| 2022 | 4.95% | 65.14% | 0.07x | 1.14x | $-18.35 Million |
| 2023 | 35.49% | 86.67% | 0.38x | 1.06x | $132.15 Million |
| 2024 | -3.25% | -41.24% | 0.07x | 1.05x | $-65.92 Million |
Industry Comparison
This section compares The Westaim Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Westaim Corporation (WEDXF) | $675.29 Million | -5.68% | 0.20x | $381.90 Million |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |