Professional
Added to YB: 2024-09-23
Pitch date: 2024-09-11
WED.V [bullish]
The Westaim Corporation
+10.56%
current return
Author Info
No bio for this author
Company Info
The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements.
Market Cap
CAD 431.8M
Pitch Price
CAD 23.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.35
P/E
-26.39
EV/Sales
-1.22
Sector
Capital Markets
Category
special_situation
Azagala Capital Portfolio Holding: The Westaim Corporation
WED.V: Valued at $370M, $289M cash (Jun'24), $75M Skyward sale remaining. $500M cash expected in 2 years ($4/share vs $2.9 now). 51% Arena ownership (valued at 0) contributed $3.7M H1'24 profits. Potential $50M/yr from Arena. Ongoing buybacks, possible tender offer/dividend. Predictable path to success barring poor acquisition.
Read full article (2 min)