BeWhere Holdings (BEW) AI Stock Analysis

• Market Cap: C$77.68M
• Dividend Yield: N/A
• Average Volume (3M): 44.32K
• Price to Earnings (P/E): 133.8
• Beta (1Y): 1.01
• 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: 89,290,504
• 10 Day Avg. Volume: 79,546
• 30 Day Avg. Volume: 44,318
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 65 Neutral
• Price Target: C$1.00 ▲(36.99% Upside)

BeWhere Holdings demonstrates strong financial performance with robust revenue growth and solid balance sheet metrics. However, the high P/E ratio and overbought technical indicators suggest caution. Addressing cash flow issues is crucial for long-term sustainability.

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: 0.73
• 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 0.73 is below the 20-day moving average (MA) of 0.76, below the 50-day MA of 0.75, and below the 200-day MA of 0.73, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 62.64 is Neutral, neither overbought nor oversold. The STOCH value of 81.31 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	―	C$77.68M	133.85	6.61%	―	37.78%	-48.82%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
VCM	―	C$248.01M	69.03	-7.92%	2.22%	-1.78%	-191.59%
BYL	―	C$42.71M	―	―	―	―	―
CMI	―	C$37.61M	―	-4.10%	5.56%	-46.11%	-149.26%
YFI	―	C$11.42M	―	―	―	―	-716.67%

BeWhere Holdings Corporate Events

BeWhere Holdings Connects IoT Device to Satellite Network, Revolutionizing Global Connectivity

BeWhere Holdings Inc. has successfully connected its IoT tracking device to AST SpaceMobile’s direct-to-device satellite network, marking a significant advancement in global connectivity. This breakthrough allows standard IoT devices to connect directly to satellite networks without specialized terminals, offering industries in remote areas unprecedented asset tracking capabilities. The collaboration with AST SpaceMobile and Bell demonstrates the potential for seamless global connectivity, which could transform industries like logistics and agriculture by eliminating connectivity gaps.

The most recent analyst rating on (TSE:BEW) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on BeWhere Holdings stock, see the TSE:BEW Stock Forecast page.

BeWhere and Speedy Transport Revolutionize Fleet Management with IoT Solutions

BeWhere Holdings Inc. has partnered with Speedy Transport to enhance trailer fleet management using BeSol+ solar-powered trackers and the BeWhere Web App. This collaboration allows Speedy Transport to monitor unpowered assets in real-time, improving customer service, reducing trailer loss, and enhancing load management. The deployment of BeWhere’s technology exemplifies the scalability and cost-effectiveness of low-power 5G tracking in large fleets, aligning with industry trends towards increased IoT adoption in fleet management.

The most recent analyst rating on (TSE:BEW) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on BeWhere Holdings stock, see the TSE:BEW Stock Forecast page.

BeWhere Holdings Secures Major Order for FirstNet-Connected Trackers

BeWhere Holdings Inc. announced a significant order for 8,000 BeMini asset trackers equipped with FirstNet connectivity, highlighting the demand for their rugged IoT solutions in critical operations across North America. The BeMini, part of the FirstNet Embedded IoT Program, provides first responders and public safety organizations with enhanced tracking capabilities for smaller assets, improving situational awareness and incident response. This order underscores BeWhere’s commitment to expanding its IoT footprint and supporting industries like public safety, utilities, and transportation with reliable and secure tracking solutions.

The most recent analyst rating on (TSE:BEW) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on BeWhere Holdings stock, see the TSE:BEW Stock Forecast page.

BeWhere Holdings Achieves Record Sales Amid Tariff Challenges

BeWhere Holdings Inc. reported record quarterly sales of over $5.5 million for the second quarter of 2025, marking a 28% increase compared to the previous year. Despite challenges from tariff uncertainties impacting profitability, the company achieved significant growth in product sales and recurring revenue, with plans to mitigate tariff impacts through a revised supply chain program. The company’s strong financial position, with $4.5 million in cash, and its strategic adjustments are expected to support continued growth in the coming quarters.

The most recent analyst rating on (TSE:BEW) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on BeWhere Holdings stock, see the TSE:BEW Stock Forecast page.

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.