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BeWhere Holdings
(BEW)
Select Model
Select Model
Rating:63Neutral
Price Target:
C$0.79
▲(7.95% Upside)
Action:Reiterated
Date:08/25/26
The score is supported primarily by solid financial quality (minimal leverage and improved profitability) and a positive recent operating update highlighting strong recurring-revenue-driven profit gains. These strengths are tempered by weak technical trend signals and a relatively high P/E valuation, alongside uneven cash-flow consistency.
Positive Factors
Recurring revenue expansion
Rapid growth in recurring revenue strengthens revenue visibility and supports a more scalable business model. Higher-margin subscriptions can improve customer retention, earnings durability, and the company’s ability to grow without proportional hardware expansion.
Negative Factors
Weak revenue growth
Revenue contraction shows that recurring-revenue gains have not yet fully offset weakness elsewhere in the business. Continued top-line stagnation could limit scale benefits, constrain investment capacity, and make future profitability more dependent on mix improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue expansion
Rapid growth in recurring revenue strengthens revenue visibility and supports a more scalable business model. Higher-margin subscriptions can improve customer retention, earnings durability, and the company’s ability to grow without proportional hardware expansion.
Read all positive factors
BeWhere Holdings (BEW) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$70.89M
Dividend YieldN/A
Average Volume (3M)18.48K
Price to Earnings (P/E)34.8
Beta (1Y)1.00
Revenue Growth10.20%
EPS Growth223.08%
CountryCA
Employees10
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.02
Shares Outstanding97,108,505
10 Day Avg. Volume22,695
30 Day Avg. Volume18,475
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)6.60
Price to Sales (P/S)3.30
P/FCF Ratio175.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BeWhere Holdings Business Overview & Revenue Model
Company Description
BeWhere Holdings Inc. is a leading provider of industrial Internet of Things (IIoT) solutions, specializing in the design and sale of sensor-equipped hardware and accompanying software applications. Their technology enables real-time monitoring of...
How the Company Makes Money
BeWhere generally makes money through a combination of (1) sales of IoT/telematics hardware devices and related equipment, and (2) recurring service revenue tied to connectivity and the use of its software/platform. Hardware revenue is generated w...
BeWhere Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.43M | 21.46M | 17.53M | 12.05M | 10.03M | 8.54M |
| Gross Profit | 6.18M | 4.36M | 5.83M | 4.63M | 3.55M | 2.29M |
| EBITDA | 2.83M | 1.98M | 1.73M | 1.27M | 986.03K | 761.42K |
| Net Income | 1.94M | 1.56M | 814.05K | 554.63K | 2.08M | 416.52K |
Balance Sheet | ||||||
| Total Assets | 20.45M | 14.80M | 12.28M | 9.77M | 8.71M | 5.66M |
| Cash, Cash Equivalents and Short-Term Investments | 9.14M | 4.35M | 4.46M | 4.63M | 3.23M | 2.56M |
| Total Debt | 431.61K | 535.55K | 728.27K | 805.69K | 742.72K | 34.71K |
| Total Liabilities | 3.84M | 4.06M | 3.72M | 2.60M | 2.06M | 1.07M |
| Stockholders Equity | 16.61M | 10.74M | 8.56M | 7.17M | 6.65M | 4.58M |
Cash Flow | ||||||
| Free Cash Flow | 713.75K | 403.48K | -573.39K | 1.47M | 606.22K | -4.06K |
| Operating Cash Flow | 737.72K | 415.17K | -559.74K | 1.48M | 640.16K | 690.08K |
| Investing Cash Flow | -1.01M | -344.19K | -13.65K | -10.63K | -33.94K | -694.14K |
| Financing Cash Flow | 4.65M | -65.35K | -127.16K | -68.10K | 62.13K | 96.11K |
BeWhere Holdings Technical Analysis
Negative
0.73
Price Trends
0.75
Negative
0.79
Negative
0.82
Negative
Market Momentum
>-0.01
Positive
44.32
Neutral
20.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEW, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.75, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.32 is Neutral, neither overbought nor oversold. The STOCH value of 20.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BEW.
BeWhere Holdings Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$70.89M | 34.76 | 14.53% | ― | 10.20% | 223.08% | |
59 Neutral | C$287.64M | -21.86 | -6.16% | 1.66% | -8.60% | -455.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$39.78M | -0.22 | 1065.63% | ― | -41.16% | 73.67% | |
42 Neutral | C$13.89M | -19.23 | -116.67% | ― | ― | ― | |
41 Neutral | C$9.57M | -6.25 | 121.53% | ― | ― | 39.36% | |
34 Underperform | C$68.95M | -4.20 | 252.15% | ― | -11.78% | -85.38% |
* General Sector Average
TSE:BEW
BeWhere Holdings
0.73
-0.03
-3.95%
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0.24
-0.08
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0.08
>-0.01
-6.25%
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2.60
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-71.11%
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26.14%
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0.04
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BeWhere Holdings Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
BeWhere Posts Record Profit Metrics on Surging Recurring Revenue
Positive
Aug 20, 2026
BeWhere Holdings Inc. is a Toronto-based Mobile Internet of Things specialist focused on low-power 5G wide-area tracking and remote monitoring solutions. The company works with Fortune 500 firms, major resellers and installers to deploy hundreds o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.