BeWhere Holdings (BEW) AI Stock Analysis

• Market Cap: C$60.17M
• Dividend Yield: N/A
• Average Volume (3M): 42.76K
• Price to Earnings (P/E): 78.7
• Beta (1Y): 0.64
• Revenue Growth: 45.43%
• EPS Growth: 49.21%
• Country: CA
• Employees: 10
• Sector: Consumer Cyclical
• Sector Strength: 77
• Industry: Communication Equipment
• EPS (TTM): <0.01
• Shares Outstanding: 88,489,000
• 10 Day Avg. Volume: 28,354
• 30 Day Avg. Volume: 42,756
• PEG Ratio: -2.62
• Price to Book (P/B): 7.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -108.03
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

BeWhere Holdings demonstrates robust financial performance with strong revenue growth and strategic positioning in the market, supported by positive corporate developments. However, cash flow challenges and high valuation metrics pose potential risks, while technical indicators suggest caution in the short term.

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 primarily through the sale of its IoT hardware devices and the subscription-based services associated with their use. The company offers GPS tracking and environmental sensor solutions that require ongoing service fees for data and monitoring services. Additionally, BeWhere forms strategic partnerships with other technology and telecommunication companies to enhance its product offerings and expand its customer base, which further contributes to its revenue streams.

BeWhere Holdings Financial Statement Overview

Summary

BeWhere Holdings shows strong revenue growth and improving profit margins, indicating robust operational performance. The balance sheet is solid with low debt levels, ensuring financial stability. However, cash flow challenges present a potential risk to 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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
17.53M	12.05M	10.02M	8.54M	7.04M
	Gross Profit
5.83M	4.63M	3.55M	2.29M	1.66M
	EBIT
1.75M	1.04M	490.39K	417.99K	17.25K
	EBITDA
1.73M	1.24M	986.03K	761.42K	-1.60M
	Net Income Common Stockholders
814.05K	554.63K	2.09M	416.52K	-3.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.46M	4.63M	3.23M	2.56M	2.47M
	Total Assets
12.28M	9.77M	8.71M	5.66M	5.64M
	Total Debt
728.27K	805.69K	742.72K	34.71K	23.92K
	Net Debt
-3.73M	-3.83M	-2.48M	-2.52M	-2.44M
	Total Liabilities
3.72M	2.60M	2.06M	1.07M	1.60M
	Stockholders Equity
8.56M	7.17M	6.65M	4.58M	4.04M
Cash Flow		Free Cash Flow
-573.39K	1.47M	606.22K	-4.06K	34.37K
	Operating Cash Flow
-559.74K	1.48M	640.16K	690.08K	840.20K
	Investing Cash Flow
-13.65K	-10.63K	-33.94K	-694.14K	-805.84K
	Financing Cash Flow
-127.16K	-68.10K	62.13K	96.11K	40.00K

BeWhere Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.68 is above the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.64, and below the 200-day MA of 0.69, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 66.94 is Neutral, neither overbought nor oversold. The STOCH value of 87.88 is Negative, 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
BEW	70 Outperform	C$60.17M	78.72	10.35%	―	45.43%	49.21%
VCM	67 Neutral	C$260.41M	31.31	3.67%	2.05%	15.70%	-44.25%
Sector *	61 Neutral	$6.98B	11.29	2.93%	3.90%	2.60%	-21.72%
CMI	46 Neutral	C$42.26M	24.42	-4.55%	4.81%	-41.82%	-149.06%
LTE	41 Neutral	C$6.31M	―		―	30.25%	67.07%
BYL	38 Underperform	C$39.41M	―	275.12%	―	―	―
YFI	35 Underperform	C$11.89M	―	7.60%	―	-100.00%	―

BeWhere Holdings Corporate Events

BeWhere Holdings Reports Strong Fiscal Year 2024 Results

BeWhere Holdings Inc. reported a significant financial performance for the fiscal year ending December 31, 2024, with a 45% increase in total revenue and a 36% rise in recurring revenue, leading to record income before taxes. The company also achieved a record-high annual gross profit and maintained a strong working capital position while investing in research and development. These results underscore BeWhere’s commitment to innovation and its strategic positioning in the M-IoT industry, which could enhance its market competitiveness and stakeholder value.

Spark’s Take on TSE:BEW Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEW is a Neutral.

BeWhere Holdings shows strong financial performance with growth in revenue and profitability and a solid balance sheet. However, the stock’s high P/E ratio raises valuation concerns, and technical indicators suggest short-term caution. Despite these challenges, the company’s financial stability and growth potential in the Hardware & Equipment industry provide a solid foundation.

To see Spark’s full report on TSE:BEW stock, click here.

BeWhere and GISCAD Partner to Enhance Caribbean Asset Tracking

BeWhere has partnered with GISCAD Barbados Limited to deliver advanced asset tracking solutions to the Caribbean markets. This collaboration leverages BeWhere’s new LTE Cat1 Bis-based devices and GISCAD’s regional presence to address the need for reliable, low-cost asset tracking in regions where low-power 5G is unavailable. The partnership aims to enhance asset tracking capabilities in shipping, logistics, and high-value asset applications, with plans to expand further by late 2025.

BeWhere Unveils Whitepaper on 5G-Satellite Integration for Asset Tracking

BeWhere Holdings Inc. has released a new whitepaper, co-authored with GSMA Foundry, discussing the integration of 5G and satellite technologies in global asset tracking. This integration is expected to revolutionize supply chain management by addressing connectivity gaps in up to 75% of the world’s geographic regions. The whitepaper projects a $10 billion market for integrated satellite-IoT devices by 2030, with 2-3 billion IoT devices ready for satellite integration. This technological convergence allows tracking devices to switch between multiple networks, enhancing connectivity and operational efficiency. The advancement is poised to create transformative opportunities in logistics and other industries, enabling new business models and optimizing operations through AI-driven analytics.