West Island Brands Inc
West Island Brands Inc. operates as a cannabis company in Canada. It offers its products under the OUEST, CITOYEN, and Silk Road brand names. The company was formerly known as Matica Enterprises Inc. and changed its name to West Island Brands Inc. in October 2021. West Island Brands Inc. was incorporated in 2007 and is based in Toronto, Canada.
West Island Brands Inc (WIBFF) - Net Assets
Latest net assets as of September 2022: $2.90 Million USD
Based on the latest financial reports, West Island Brands Inc (WIBFF) has net assets worth $2.90 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.42 Million) and total liabilities ($3.52 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 | $2.90 Million |
| % of Total Assets | 45.2% |
| Annual Growth Rate | 28.51% |
| 5-Year Change | -61.41% |
| 10-Year Change | 10922.21% |
| Growth Volatility | 241.59 |
West Island Brands Inc - Net Assets Trend (2007–2021)
This chart illustrates how West Island Brands Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for West Island Brands Inc (2007–2021)
The table below shows the annual net assets of West Island Brands Inc from 2007 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $3.27 Million | -55.78% |
| 2020-12-31 | $7.40 Million | -49.63% |
| 2019-12-31 | $14.69 Million | +1.69% |
| 2018-12-31 | $14.45 Million | +70.40% |
| 2017-12-31 | $8.48 Million | +7072.34% |
| 2016-12-31 | $-121.59K | +42.02% |
| 2015-12-31 | $-209.72K | -126.82% |
| 2014-12-31 | $781.98K | +474.22% |
| 2013-12-31 | $-208.96K | -803.99% |
| 2012-12-31 | $29.68K | -87.90% |
| 2011-12-31 | $245.38K | +1049.75% |
| 2010-12-31 | $-25.84K | -112.13% |
| 2009-12-31 | $213.08K | +49.18% |
| 2008-12-31 | $142.83K | +46.26% |
| 2007-12-31 | $97.66K | -- |
Equity Component Analysis
This analysis shows how different components contribute to West Island Brands Inc'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 decreased by 2316296600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.09 Million | 797.24% |
| Other Components | $351.00K | 10.73% |
| Total Equity | $3.27 Million | 100.00% |
West Island Brands Inc Competitors by Market Cap
The table below lists competitors of West Island Brands Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Griffin Mining
LSE:GFM
|
$50.28K |
|
Finaxo Environnement Societe Anonyme
PA:MLFXO
|
$50.30K |
|
Flowerkist Skin Care & Cosmetics Inc
PINK:FKST
|
$50.34K |
|
Global Star Acquisition, Inc. Warrants
NASDAQ:GLSTW
|
$50.43K |
|
NEOE3F
SA:NEOE3F
|
$50.18K |
|
CTCI Advanced Systems Inc.
TWO:5209
|
$50.16K |
|
Citizen Watch Company Ltd
OTCGREY:CHCLF
|
$50.16K |
|
Lotte Himart Co. Ltd.
KQ:071840
|
$50.16K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Island Brands Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 7,397,768 to 3,272,065, a change of -4,125,703 (-55.8%).
- Net loss of 5,143,442 reduced equity.
- New share issuances of 190,476 increased equity.
- Other factors increased equity by 827,263.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.14 Million | -157.19% |
| Share Issuances | $190.48K | +5.82% |
| Other Changes | $827.26K | +25.28% |
| Total Change | $- | -55.77% |
Book Value vs Market Value Analysis
This analysis compares West Island Brands Inc'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: 0.01x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $1.73 | $0.00 | x |
| 2008-12-31 | $1.21 | $0.00 | x |
| 2009-12-31 | $1.33 | $0.00 | x |
| 2010-12-31 | $-0.10 | $0.00 | x |
| 2011-12-31 | $0.71 | $0.00 | x |
| 2012-12-31 | $0.08 | $0.00 | x |
| 2013-12-31 | $-0.27 | $0.00 | x |
| 2014-12-31 | $0.55 | $0.00 | x |
| 2015-12-31 | $-0.08 | $0.00 | x |
| 2016-12-31 | $-0.03 | $0.00 | x |
| 2017-12-31 | $1.33 | $0.00 | x |
| 2018-12-31 | $1.48 | $0.00 | x |
| 2019-12-31 | $1.40 | $0.00 | x |
| 2020-12-31 | $0.70 | $0.00 | x |
| 2021-12-31 | $0.31 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Island Brands Inc 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): -157.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -221.11%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.88x
- Recent ROE (-157.19%) is above the historical average (-158.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -2.40% | 0.00% | 0.00x | 1.06x | $-12.11K |
| 2008 | -75.57% | 0.00% | 0.00x | 1.03x | $-122.22K |
| 2009 | -86.71% | 0.00% | 0.00x | 1.03x | $-206.06K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-386.45K |
| 2011 | -144.77% | 0.00% | 0.00x | 1.13x | $-379.77K |
| 2012 | -1460.31% | 0.00% | 0.00x | 6.30x | $-436.43K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-947.72K |
| 2014 | -234.61% | 0.00% | 0.00x | 1.56x | $-1.91 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.18 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-982.71K |
| 2017 | -46.04% | 0.00% | 0.00x | 1.03x | $-4.75 Million |
| 2018 | -36.42% | 0.00% | 0.00x | 1.02x | $-6.71 Million |
| 2019 | -13.45% | 0.00% | 0.00x | 1.02x | $-3.45 Million |
| 2020 | -113.61% | -6922.02% | 0.01x | 1.26x | $-9.14 Million |
| 2021 | -157.19% | -221.11% | 0.38x | 1.88x | $-5.47 Million |
Industry Comparison
This section compares West Island Brands Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $548,450,613
- Average return on equity (ROE) among peers: -450.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West Island Brands Inc (WIBFF) | $2.90 Million | -2.40% | 1.21x | $50.21K |
| Ascend Wellness Holdings Inc (AAWH) | $142.87 Million | -33.75% | 5.44x | $48.90 Million |
| AB Science S.A (ABSCF) | $10.73 Million | -252.65% | 3.71x | $39.89 Million |
| Alterola Biotech Inc (ABTI) | $4.85K | -2005.32% | 0.49x | $603.58K |
| Aurora Cannabis Inc (ACB) | $2.04 Billion | -34.08% | 0.34x | $199.15 Million |
| Acreage Holdings Inc (ACRDF) | $204.27 Million | -30.85% | 1.41x | $13.48K |
| Acura Pharmaceuticals Inc (ACUR) | $7.90 Million | -63.15% | 1.15x | $13.20K |
| Agra Ventures Ltd. (AGFAF) | $1.51 Million | -44.22% | 0.06x | $298.23K |
| Allergy Therapeutics plc (AGYTF) | $2.07 Million | -2084.75% | 31.32x | $25.30 Million |
| Aida Pharmaceuticals Inc (AIDA) | $6.67 Million | 24.51% | 2.78x | $1.80 |
| Adcock Ingram Holdings Limited (AIHLF) | $3.07 Billion | 20.55% | 0.55x | $85.61 Million |