Western Investment Company of Canada Limited (WI) - Net Assets
Based on the latest financial reports, Western Investment Company of Canada Limited (WI) has net assets worth CA$66.12 Million CAD (≈ $47.83 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 (CA$126.26 Million ≈ $91.34 Million USD) and total liabilities (CA$60.14 Million ≈ $43.50 Million USD). 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. Check WI asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Western Investment Company of Canada Lim (WI) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market value of Western Investment Company of Canada Lim.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$60.74 Million ≈ $43.94 Million |
+375.30% |
| 2023-12-31 | CA$12.78 Million ≈ $9.24 Million |
+3.25% |
| 2022-12-31 | CA$12.38 Million ≈ $8.95 Million |
-9.80% |
| 2021-12-31 | CA$13.72 Million ≈ $9.93 Million |
-6.05% |
| 2020-12-31 | CA$14.61 Million ≈ $10.57 Million |
-19.84% |
| 2019-12-31 | CA$18.22 Million ≈ $13.18 Million |
+12.72% |
| 2018-12-31 | CA$16.17 Million ≈ $11.69 Million |
+9.81% |
| 2017-12-31 | CA$14.72 Million ≈ $10.65 Million |
+288.26% |
| 2016-12-31 | CA$3.79 Million ≈ $2.74 Million |
+775.52% |
| 2015-12-31 | CA$433.06K ≈ $313.27K |
-- |
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 |
|---|---|
|
Plotech Co Ltd
TW:6141
|
$116.07 Million |
|
KOMPLETT ASA NK -40
F:GJ60
|
$116.08 Million |
|
eWork Group AB
ST:EWRK
|
$116.09 Million |
|
Averlogic Technologies
TWO:6198
|
$116.10 Million |
|
Energoaqua a.s.
PR:ENRGA
|
$116.05 Million |
|
CAPRAL LTD.
F:CBZ
|
$116.04 Million |
|
Quantumsphere Acquisition Corporation
NASDAQ:QUMS
|
$116.01 Million |
|
Suraj Estate Developers Ltd.
NSE:SURAJEST
|
$115.97 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: 2.51x
- 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 2.08x to 2.51x 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$1.01 | x |
| 2018-12-31 | CA$0.53 | CA$1.01 | x |
| 2019-12-31 | CA$0.60 | CA$1.01 | x |
| 2020-12-31 | CA$0.48 | CA$1.01 | x |
| 2021-12-31 | CA$0.45 | CA$1.01 | x |
| 2022-12-31 | CA$0.36 | CA$1.01 | x |
| 2023-12-31 | CA$0.37 | CA$1.01 | x |
| 2024-12-31 | CA$0.40 | CA$1.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Investment Company of Canada Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.14%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.74x
- Recent ROE (2.20%) is above the historical average (-10.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -48.41% | 0.00% | 0.00x | 1.10x | CA$-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.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $3,940,000,000
- Average return on equity (ROE) among peers: 7.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Investment Company of Canada Limited (WI) | CA$66.12 Million | -48.41% | 0.91x | $116.06 Million |
| iA Financial Corporation Inc (IAG) | $1.80 Billion | 13.79% | 7.40x | $11.46 Billion |
| Sun Life Financial Inc. (SLF) | $6.08 Billion | 0.89% | 14.35x | $40.73 Billion |
About 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