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, Man… Read more
Western Investment Company of Canada Limited (WI) - Net Assets
Latest net assets as of September 2025: CA$66.12 Million CAD
Based on the latest financial reports, Western Investment Company of Canada Limited (WI) has net assets worth CA$66.12 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$126.26 Million) and total liabilities (CA$60.14 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$66.12 Million |
| % of Total Assets | 52.37% |
| Annual Growth Rate | 73.18% |
| 5-Year Change | 315.86% |
| 10-Year Change | N/A |
| Growth Volatility | 258.03 |
Western Investment Company of Canada Limited - Net Assets Trend (2015–2024)
This chart illustrates how Western Investment Company of Canada Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Western Investment Company of Canada Limited (2015–2024)
The table below shows the annual net assets of Western Investment Company of Canada Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$60.74 Million | +375.30% |
| 2023-12-31 | CA$12.78 Million | +3.25% |
| 2022-12-31 | CA$12.38 Million | -9.80% |
| 2021-12-31 | CA$13.72 Million | -6.05% |
| 2020-12-31 | CA$14.61 Million | -19.84% |
| 2019-12-31 | CA$18.22 Million | +12.72% |
| 2018-12-31 | CA$16.17 Million | +9.81% |
| 2017-12-31 | CA$14.72 Million | +288.26% |
| 2016-12-31 | CA$3.79 Million | +775.52% |
| 2015-12-31 | CA$433.06K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Investment Company of Canada Limited'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 591487100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$65.61 Million | 109.97% |
| Total Equity | CA$59.66 Million | 100.00% |
Western Investment Company of Canada Limited Competitors by Market Cap
The table below lists competitors of Western Investment Company of Canada Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Streamwide
PA:ALSTW
|
$87.34 Million |
|
Goldshore Resources Inc
OTCQB:GSHRF
|
$87.35 Million |
|
Smith-Midland Corp
NASDAQ:SMID
|
$87.37 Million |
|
SAVANNAH RES PLC LS -01
F:SAV
|
$87.38 Million |
|
Novabase SGPS
LS:NBA
|
$87.32 Million |
|
Phu Tai JSC
VN:PTB
|
$87.31 Million |
|
Smith Douglas Homes Corp.
NYSE:SDHC
|
$87.29 Million |
|
Microalliance Group Inc.
PINK:MALG
|
$87.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Investment Company of Canada Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,780,056 to 59,659,207, a change of 46,879,151 (366.8%).
- Net income of 1,312,204 contributed positively to equity growth.
- New share issuances of 36,296,946 increased equity.
- Other factors increased equity by 9,270,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.31 Million | +2.2% |
| Share Issuances | CA$36.30 Million | +60.84% |
| Other Changes | CA$9.27 Million | +15.54% |
| Total Change | CA$- | 366.81% |
Book Value vs Market Value Analysis
This analysis compares Western Investment Company of Canada Limited'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: 2.24x
- 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 1.85x to 2.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.49 | CA$0.90 | x |
| 2018-12-31 | CA$0.53 | CA$0.90 | x |
| 2019-12-31 | CA$0.60 | CA$0.90 | x |
| 2020-12-31 | CA$0.48 | CA$0.90 | x |
| 2021-12-31 | CA$0.45 | CA$0.90 | x |
| 2022-12-31 | CA$0.36 | CA$0.90 | x |
| 2023-12-31 | CA$0.37 | CA$0.90 | x |
| 2024-12-31 | CA$0.40 | CA$0.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Investment Company of Canada Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.14%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.74x
- Recent ROE (2.20%) is above the historical average (-10.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -48.41% | 0.00% | 0.00x | 1.10x | CA$-252.95K |
| 2016 | -41.77% | 0.00% | 0.00x | 1.09x | CA$-1.96 Million |
| 2017 | -2.95% | -434.40% | 0.00x | 1.36x | CA$-1.91 Million |
| 2018 | 7.00% | 52.04% | 0.12x | 1.10x | CA$-484.99K |
| 2019 | 6.87% | 53.09% | 0.10x | 1.24x | CA$-569.47K |
| 2020 | -24.88% | 0.00% | -0.12x | 1.36x | CA$-5.10 Million |
| 2021 | 0.15% | 1.45% | 0.07x | 1.42x | CA$-1.35 Million |
| 2022 | -1.74% | -75.76% | 0.02x | 1.50x | CA$-1.45 Million |
| 2023 | 1.58% | 117.08% | 0.01x | 1.55x | CA$-1.08 Million |
| 2024 | 2.20% | 16.14% | 0.08x | 1.74x | CA$-4.65 Million |
Industry Comparison
This section compares Western Investment Company of Canada Limited's net assets metrics with peer companies in the Insurance - Diversified industry.
No peer company data available for comparison.