Westaim Corp
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
Westaim Corp (WED) - Net Assets
Latest net assets as of March 2025: CA$489.98 Million CAD
Based on the latest financial reports, Westaim Corp (WED) has net assets worth CA$489.98 Million CAD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$512.62 Million) and total liabilities (CA$22.64 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 | CA$489.98 Million |
| % of Total Assets | 95.58% |
| Annual Growth Rate | 2.52% |
| 5-Year Change | 55.19% |
| 10-Year Change | 52.54% |
| Growth Volatility | 140.17 |
Westaim Corp - Net Assets Trend (1996–2024)
This chart illustrates how Westaim Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Westaim Corp (1996–2024)
The table below shows the annual net assets of Westaim Corp from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$497.41 Million | -4.04% |
| 2023-12-31 | CA$518.35 Million | +42.77% |
| 2022-12-31 | CA$363.07 Million | +4.43% |
| 2021-12-31 | CA$347.68 Million | +8.47% |
| 2020-12-31 | CA$320.52 Million | -9.63% |
| 2019-12-31 | CA$354.67 Million | +2.75% |
| 2018-12-31 | CA$345.18 Million | +5.87% |
| 2017-12-31 | CA$326.04 Million | +2.37% |
| 2016-12-31 | CA$318.50 Million | -2.33% |
| 2015-12-31 | CA$326.09 Million | +95.12% |
| 2014-12-31 | CA$167.12 Million | +475.83% |
| 2013-12-31 | CA$29.02 Million | -16.58% |
| 2012-12-31 | CA$34.79 Million | -91.49% |
| 2011-12-31 | CA$408.68 Million | +9.05% |
| 2010-12-31 | CA$374.76 Million | +576.53% |
| 2009-12-31 | CA$55.39 Million | +10.78% |
| 2008-12-31 | CA$50.00 Million | -27.31% |
| 2007-12-31 | CA$68.80 Million | -36.25% |
| 2006-12-31 | CA$107.91 Million | -27.59% |
| 2005-12-31 | CA$149.03 Million | +21.22% |
| 2004-12-31 | CA$122.94 Million | +28.76% |
| 2003-12-31 | CA$95.48 Million | -4.99% |
| 2002-12-31 | CA$100.50 Million | -23.31% |
| 2001-12-31 | CA$131.05 Million | -28.70% |
| 2000-12-31 | CA$183.80 Million | +2.78% |
| 1999-12-31 | CA$178.84 Million | -2.28% |
| 1998-12-31 | CA$183.01 Million | -15.49% |
| 1997-12-31 | CA$216.56 Million | -12.69% |
| 1996-12-31 | CA$248.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Westaim Corp'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 | CA$136.81 Million | 27.50% |
| Other Components | CA$360.60 Million | 72.50% |
| Total Equity | CA$497.41 Million | 100.00% |
Westaim Corp Competitors by Market Cap
The table below lists competitors of Westaim Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ceepower Co Ltd
SHE:300062
|
$414.99 Million |
|
Luyin Investment Group Co Ltd
SHG:600784
|
$414.99 Million |
|
Alvotech
NASDAQ:ALVO
|
$415.08 Million |
|
Xinjiang Sailing Information Technology Co Ltd
SHE:300588
|
$415.10 Million |
|
Healthcare Co Ltd
SHG:603313
|
$414.76 Million |
|
Ucap Cloud Information Technology Co Ltd
SHG:688228
|
$414.75 Million |
|
REGULUS THER.COMPAR DL001
F:7RG0
|
$414.38 Million |
|
Energy Vault Holdings Inc
NYSE:NRGV
|
$414.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westaim Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 518,346,000 to 497,411,000, a change of -20,935,000 (-4.0%).
- Net loss of 16,177,000 reduced equity.
- Share repurchases of 9,731,000 reduced equity.
- Other comprehensive income increased equity by 2,227,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-16.18 Million | -3.25% |
| Share Repurchases | CA$9.73 Million | -1.96% |
| Other Comprehensive Income | CA$2.23 Million | +0.45% |
| Other Changes | CA$2.75 Million | +0.55% |
| Total Change | CA$- | -4.04% |
Book Value vs Market Value Analysis
This analysis compares Westaim Corp'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: 1.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.19x to 1.35x 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 | CA$167.07 | CA$30.95 | x |
| 1997-12-31 | CA$145.08 | CA$30.95 | x |
| 1998-12-31 | CA$123.98 | CA$30.95 | x |
| 1999-12-31 | CA$115.91 | CA$30.95 | x |
| 2000-12-31 | CA$119.45 | CA$30.95 | x |
| 2001-12-31 | CA$84.28 | CA$30.95 | x |
| 2002-12-31 | CA$64.48 | CA$30.95 | x |
| 2003-12-31 | CA$61.17 | CA$30.95 | x |
| 2004-12-31 | CA$73.10 | CA$30.95 | x |
| 2005-12-31 | CA$72.88 | CA$30.95 | x |
| 2006-12-31 | CA$51.82 | CA$30.95 | x |
| 2007-12-31 | CA$30.26 | CA$30.95 | x |
| 2008-12-31 | CA$21.81 | CA$30.95 | x |
| 2009-12-31 | CA$24.97 | CA$30.95 | x |
| 2010-12-31 | CA$36.19 | CA$30.95 | x |
| 2011-12-31 | CA$31.11 | CA$30.95 | x |
| 2012-12-31 | CA$2.60 | CA$30.95 | x |
| 2013-12-31 | CA$2.09 | CA$30.95 | x |
| 2014-12-31 | CA$4.40 | CA$30.95 | x |
| 2015-12-31 | CA$3.44 | CA$30.95 | x |
| 2016-12-31 | CA$2.22 | CA$30.95 | x |
| 2017-12-31 | CA$2.28 | CA$30.95 | x |
| 2018-12-31 | CA$2.41 | CA$30.95 | x |
| 2019-12-31 | CA$2.48 | CA$30.95 | x |
| 2020-12-31 | CA$2.24 | CA$30.95 | x |
| 2021-12-31 | CA$2.38 | CA$30.95 | x |
| 2022-12-31 | CA$2.51 | CA$30.95 | x |
| 2023-12-31 | CA$3.64 | CA$30.95 | x |
| 2024-12-31 | CA$22.92 | CA$30.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westaim Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41.24%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.05x
- Recent ROE (-3.25%) is below the historical average (1.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -5.68% | -26.51% | 0.19x | 1.15x | CA$-38.89 Million |
| 1997 | -9.87% | -33.19% | 0.26x | 1.13x | CA$-43.04 Million |
| 1998 | -5.50% | -18.21% | 0.28x | 1.09x | CA$-28.37 Million |
| 1999 | -9.21% | -20.71% | 0.40x | 1.12x | CA$-34.36 Million |
| 2000 | -5.31% | -11.47% | 0.41x | 1.12x | CA$-28.15 Million |
| 2001 | -32.34% | -97.93% | 0.29x | 1.14x | CA$-55.48 Million |
| 2002 | -31.45% | -101.42% | 0.26x | 1.17x | CA$-41.66 Million |
| 2003 | -27.86% | -199.59% | 0.12x | 1.17x | CA$-36.15 Million |
| 2004 | -17.03% | -78.09% | 0.19x | 1.17x | CA$-33.24 Million |
| 2005 | 5.88% | 32.46% | 0.13x | 1.35x | CA$-5.59 Million |
| 2006 | -44.75% | -183.24% | 0.19x | 1.31x | CA$-53.07 Million |
| 2007 | -102.95% | -182.32% | 0.38x | 1.48x | CA$-64.29 Million |
| 2008 | -20.47% | -45.70% | 0.29x | 1.55x | CA$-12.52 Million |
| 2009 | 1.05% | 0.00% | 0.00x | 1.47x | CA$-4.22 Million |
| 2010 | 14.45% | 20.03% | 0.21x | 3.39x | CA$16.69 Million |
| 2011 | 7.85% | 8.94% | 0.28x | 3.11x | CA$-8.79 Million |
| 2012 | 297.62% | 33774.10% | 0.01x | 1.14x | CA$100.07 Million |
| 2013 | -12.01% | -881.24% | 0.01x | 1.15x | CA$-6.39 Million |
| 2014 | 10.29% | 71.08% | 0.14x | 1.04x | CA$485.76K |
| 2015 | 2.34% | 47.68% | 0.05x | 1.03x | CA$-24.97 Million |
| 2016 | -2.60% | 0.00% | 0.00x | 1.03x | CA$-40.15 Million |
| 2017 | 1.71% | 37.79% | 0.04x | 1.18x | CA$-27.03 Million |
| 2018 | 4.87% | 69.57% | 0.06x | 1.15x | CA$-17.72 Million |
| 2019 | 2.40% | 50.52% | 0.04x | 1.16x | CA$-26.94 Million |
| 2020 | -10.73% | 0.00% | -0.07x | 1.18x | CA$-66.45 Million |
| 2021 | 8.11% | 88.99% | 0.08x | 1.16x | CA$-6.56 Million |
| 2022 | 4.95% | 69.96% | 0.06x | 1.14x | CA$-18.35 Million |
| 2023 | 35.49% | 87.08% | 0.38x | 1.06x | CA$132.15 Million |
| 2024 | -3.25% | -41.24% | 0.07x | 1.05x | CA$-65.92 Million |
Industry Comparison
This section compares Westaim Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $398,436,303
- Average return on equity (ROE) among peers: -4.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westaim Corp (WED) | CA$489.98 Million | -5.68% | 0.05x | $414.98 Million |
| Alaris Equity Partners Income Trust (AD-UN) | $604.54 Million | 1.97% | 0.32x | $616.42 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $4.27 Million | -129.03% | 0.20x | $5.48 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $354.64 Million | 11.23% | 0.49x | $48.58K |
| Bankers Petroleum Ltd (BNK) | $28.51 Million | 46.55% | 0.58x | $113.70K |
| Sprott Physical Gold and Silver Trust (CEF) | $1.20 Billion | -29.28% | 0.00x | $452.56K |
| Canso Select Opportunities Corporation (CSOC-B) | $12.03 Million | -8.99% | 0.00x | $8.94 Million |
| CoTec Holdings Corp. (CTH) | $-59.00K | 0.00% | 0.00x | $51.82 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $159.95 Million |
| Dividend Growth Split Corp (DGS) | $296.85 Million | 37.60% | 1.53x | $52.33K |
| E Split Corp Class A (ENS) | $227.99 Million | 17.94% | 0.77x | $118.61K |