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Caldwell
(TSX:CWL)
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Rating:75Outperform
Price Target:
C$1.00
▼(-3.85% Downside)
Action:Reiterated
Date:07/11/26
The score is driven primarily by improving financial performance—especially the strong TTM revenue rebound and significantly reduced leverage—partly offset by thin margins and historical volatility in earnings and cash flows. Technically, the stock is in an uptrend but appears overbought (RSI ~72, Stoch ~96), while valuation remains supportive with a moderate P/E and ~2.8% dividend yield.
Positive Factors
Revenue Rebound
The substantial TTM revenue rebound indicates a meaningful recovery in demand for Caldwell’s executive search and advisory services. If retained over coming quarters, stronger activity should improve operating leverage, support investment in consultants, and reinforce the company’s ability to serve senior leadership mandates.
Negative Factors
Thin Profit Margins
Caldwell’s modest EBIT and net margins leave limited room for execution errors or weaker search volumes. Lower profitability also means that revenue growth may not translate proportionally into earnings, while compensation and operating costs could pressure returns if activity softens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The substantial TTM revenue rebound indicates a meaningful recovery in demand for Caldwell’s executive search and advisory services. If retained over coming quarters, stronger activity should improve operating leverage, support investment in consultants, and reinforce the company’s ability to serve senior leadership mandates.
Read all positive factors
Caldwell (CWL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.97M
Dividend Yield4.41%
Average Volume (3M)17.38K
Price to Earnings (P/E)8.2
Beta (1Y)-0.08
Revenue Growth23.58%
EPS Growth487.20%
CountryCA
Employees160
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.12
Shares Outstanding29,498,837
10 Day Avg. Volume18,717
30 Day Avg. Volume17,379
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.60
Price to Sales (P/S)0.20
P/FCF Ratio6.48
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
Caldwell Business Overview & Revenue Model
Company Description
Operating across Canada, the United States, and the United Kingdom, The Caldwell Partners International Inc. is a comprehensive talent acquisition firm. The company excels in candidate research and sourcing, offering retained executive search serv...
How the Company Makes Money
Caldwell primarily makes money by providing retained executive search services, where clients pay professional fees to conduct a structured search process for senior executives and board candidates. Revenue is earned as search engagements progress...
Caldwell Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
69
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 117.01M | 104.06M | 87.15M | 96.93M | 156.16M | 119.77M |
| Gross Profit | 25.68M | 22.21M | 17.69M | 16.22M | 34.65M | 29.12M |
| EBITDA | 8.38M | 5.91M | 9.03M | -10.37M | 13.70M | 8.30M |
| Net Income | 3.65M | 2.56M | 4.19M | -11.30M | 8.18M | 4.52M |
Balance Sheet | ||||||
| Total Assets | 78.30M | 82.35M | 68.75M | 84.64M | 91.29M | 87.13M |
| Cash, Cash Equivalents and Short-Term Investments | 17.58M | 20.56M | 19.63M | 22.05M | 35.67M | 29.21M |
| Total Debt | 6.24M | 7.17M | 6.50M | 21.80M | 22.14M | 10.60M |
| Total Liabilities | 42.04M | 47.38M | 36.63M | 56.92M | 56.22M | 61.38M |
| Stockholders Equity | 36.26M | 34.97M | 32.13M | 27.72M | 35.06M | 25.75M |
Cash Flow | ||||||
| Free Cash Flow | 6.31M | 3.24M | 772.00K | -11.39M | 6.63M | 24.52M |
| Operating Cash Flow | 7.31M | 3.63M | 1.23M | -11.22M | 7.10M | 24.88M |
| Investing Cash Flow | -2.72M | -4.83M | -1.67M | -3.60M | -1.92M | -3.92M |
| Financing Cash Flow | -2.38M | -2.07M | -1.91M | 664.00K | 499.00K | -5.93M |
Caldwell Technical Analysis
Negative
1.04
Price Trends
1.06
Negative
1.01
Positive
0.96
Positive
Market Momentum
>-0.01
Positive
40.44
Neutral
25.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CWL, the sentiment is Negative. The current price of 1.04 is below the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.06, and above the 200-day MA of 0.96, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.44 is Neutral, neither overbought nor oversold. The STOCH value of 25.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CWL.
Caldwell Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$30.97M | 8.21 | 10.32% | 4.41% | 23.58% | 487.20% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | C$25.23M | 8.91 | 6.20% | 4.35% | 7.21% | ― | |
54 Neutral | C$42.27M | -46.72 | -1.79% | ― | 12.79% | 45.29% | |
47 Neutral | C$13.40M | -15.29 | -5.66% | ― | -8.43% | -233.47% | |
45 Neutral | C$47.27M | -4.92 | 718.52% | ― | -57.68% | 24.90% |
* Industrials Sector Average
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Caldwell
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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.