BeWhere Holdings (BEW) AI Stock Analysis

• Market Cap: C$66.91M
• Dividend Yield: N/A
• Average Volume (3M): 39.57K
• Price to Earnings (P/E): 112.3
• Beta (1Y): 1.04
• Revenue Growth: 37.78%
• EPS Growth: -48.82%
• Country: CA
• Employees: 10
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): <0.01
• Shares Outstanding: 89,215,500
• 10 Day Avg. Volume: 31,718
• 30 Day Avg. Volume: 39,566
• PEG Ratio: 1.60
• Price to Book (P/B): 7.24
• Price to Sales (P/S): 3.54
• P/FCF Ratio: -108.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.00
• Price Target Upside: 33.33% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: C$1.00 ▲(33.33% Upside)

BeWhere Holdings demonstrates strong financial performance with robust revenue growth and solid balance sheet metrics. However, cash flow issues and a high P/E ratio suggest potential risks. The technical indicators show neutral momentum, contributing to a moderate overall score.

BeWhere Holdings Business Overview & Revenue Model

Company Description

BeWhere Holdings Inc., an industrial Internet of Things (IIoT) solutions company, designs and sells hardware with sensors and software applications to track real-time information on fixed and movable assets. It develops mobile applications, middle-ware, and cloud-based solutions that stand-alone or that can be integrated with existing software. The company offers Mobile IoT (M-IOT) for the narrow band-IoT and long-term evolution for machines evolution of beacons, such as asset tracking, including mini USB rechargeable, ignition wired rechargeable, battery-powered, and rechargeable battery powered; environmental monitoring comprising M-IoT water pressure sensor solution, M-IoT weather station with leaf wetness sensor, M-IoT weather station with soil moisture sensor, M-IoT BeTen with soil moisture sensor, and M-IoT BeTen with water detection sensor; and asset tracking and environmental monitoring, including BeSol BLU Gateway for monitoring location, temperature zones, light exposure, and impact for goods in transit. It also provides Bluetooth beacons and fixed Bluetooth/Wi-Fi gateways. It serves emergency service, construction, utility, and transportation industries. The company was incorporated in 2003 and is based in Mississauga, Canada.

How the Company Makes Money

BeWhere Holdings generates revenue through multiple channels, primarily by selling its IoT tracking devices and software solutions. The company offers subscription-based services that provide ongoing access to its software platform, which enables customers to monitor their assets in real time. Key revenue streams include direct sales of hardware, recurring subscription fees for software services, and potential revenue from data analytics services. Additionally, strategic partnerships with logistics and supply chain companies enhance its market reach and provide opportunities for joint ventures, further contributing to its earnings.

BeWhere Holdings Financial Statement Overview

Summary

BeWhere Holdings shows strong revenue growth and improving margins, indicating robust operational performance. The balance sheet is solid with low debt levels, ensuring financial stability. However, cash flow challenges need addressing to sustain long-term growth.

Income Statement

BeWhere Holdings has demonstrated strong revenue growth with a 45.4% increase in 2024, up from 20.2% in 2023. The gross profit margin stands at 20.97%, indicating solid profitability, while the net profit margin improved to 4.64%. EBIT and EBITDA margins are healthy at 9.97% and 9.88% respectively, showcasing operational efficiency.

Balance Sheet

The company shows a robust equity ratio of 69.7%, reflecting strong financial stability. The debt-to-equity ratio is low at 0.035, suggesting minimal leverage risk. Return on equity is 9.51%, indicating effective use of equity to generate profits, although there is room for improvement.

Cash Flow

Cash flow analysis reveals a decline in operating cash flow, with a negative value of -559,742, impacting the free cash flow, which also turned negative. The free cash flow to net income ratio is concerning, highlighting potential cash management issues despite prior positive trends.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	19.44M	17.53M	12.05M	10.03M	8.54M	7.04M
Gross Profit	6.11M	5.83M	4.63M	3.55M	2.29M	1.66M
EBITDA	1.38M	1.73M	1.27M	986.03K	761.42K	-1.60M
Net Income	564.04K	814.05K	554.63K	2.08M	416.52K	-1.97M
Balance Sheet
Total Assets	13.59M	12.28M	9.77M	8.71M	5.66M	5.64M
Cash, Cash Equivalents and Short-Term Investments	4.50M	4.46M	4.63M	3.23M	2.56M	2.47M
Total Debt	635.11K	728.27K	805.69K	742.72K	34.71K	23.92K
Total Liabilities	4.26M	3.72M	2.60M	2.06M	1.07M	1.60M
Stockholders Equity	9.34M	8.56M	7.17M	6.65M	4.58M	4.04M
Cash Flow
Free Cash Flow	-263.63K	-573.39K	1.47M	606.22K	-4.06K	34.37K
Operating Cash Flow	-247.76K	-559.74K	1.48M	640.16K	690.08K	840.20K
Investing Cash Flow	-357.63K	-13.65K	-10.63K	-33.94K	-694.14K	-805.84K
Financing Cash Flow	-44.71K	-127.16K	-68.10K	62.13K	96.11K	40.00K

BeWhere Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEW, the sentiment is Positive. The current price of 0.75 is above the 20-day moving average (MA) of 0.73, below the 50-day MA of 0.79, and above the 200-day MA of 0.73, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.12 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BEW.

BeWhere Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BEW	61 Neutral	C$66.91M	112.31	6.61%	―	37.78%	-48.82%
VCM	54 Neutral	C$257.01M	69.03	-7.92%	2.09%	-1.78%	-191.59%
CMI	46 Neutral	C$44.37M	24.42	-5.22%	4.81%	-51.54%	-164.01%
BYL	45 Neutral	C$45.76M	―	275.12%	―	―	―
LTE	41 Neutral	$6.31M	―	―	―	37.33%	-7.55%
YFI	35 Underperform	C$11.90M	―	7.60%	―	―	-716.67%

BeWhere Holdings Corporate Events

BeWhere Holdings Grants Share Options to Directors

BeWhere Holdings Inc. has announced the granting of options to certain directors to purchase a total of 550,000 common shares at an exercise price of $0.76 per share, with these options set to expire on July 16, 2030, and vest quarterly over two years. This move is indicative of BeWhere’s strategic efforts to align its leadership with the company’s growth trajectory, potentially enhancing its industry positioning and stakeholder value by incentivizing directors to focus on long-term success.

BeWhere Holdings Enhances Logistics with IoT Tracking Solutions

BeWhere Holdings Inc. announced a new case study featuring California Freight, which has integrated BeWhere’s solar-powered asset trackers across its fleet to enhance real-time tracking and operational efficiency. This collaboration highlights the increasing adoption of scalable IoT solutions in logistics, with California Freight benefiting from improved asset visibility, compliance support, and operational responsiveness. The partnership has led to a three-year leasing agreement for further expansion, showcasing BeWhere’s impact on modernizing logistics operations.

BeWhere and HGlobal Revolutionize Emergency Services with 5G Asset Tracking

BeWhere Holdings Inc. has partnered with HGlobal to enhance emergency services in North America by deploying the BeMini 5G tracker for real-time equipment tracking. This collaboration has led to significant cost savings and improved operational efficiency, particularly in paramedic services, by preventing the loss of high-value equipment. The initiative underscores the importance of IoT technology in public safety and resource management, with BeWhere committed to expanding its scalable solutions to meet the needs of essential services.

BeWhere Holdings Announces Share Repurchase Plan

BeWhere Holdings Inc. has announced its intention to repurchase up to 5% of its issued and outstanding common shares over the next 12 months through a Normal Course Issuer Bid. The company believes the current market price undervalues its shares and sees this repurchase as an appropriate use of funds. The repurchase will be conducted through open market transactions on the TSX Venture Exchange, with all acquired shares being cancelled. This move is subject to regulatory approval and reflects the company’s confidence in its market value and financial strategy.

BeWhere Holdings Reports Strong Q1 2025 Results Amid Trade Challenges

BeWhere Holdings Inc. reported a strong financial performance for the first quarter of 2025, with a 20% increase in revenue and a 49% rise in net income despite facing U.S.-Canadian trade issues. The company achieved an all-time high cash position of $5.76 million, driven by operating activities, and improved its gross profit by 19%. These results underscore BeWhere’s resilience and strategic positioning in the M-IoT industry, enhancing its capabilities to address macro-economic and geopolitical factors.