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Westbond
(WBE)
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Rating:73Outperform
Price Target:
C$0.28
â–²(9.23% Upside)
Action:Reiterated
Date:08/25/26
Overall score is driven primarily by improved fundamentals and a strong balance sheet, supported by bullish price momentum above major moving averages. The score is held back by mixed cash-flow momentum/cash conversion and only mid-range valuation support (moderate P/E and no dividend yield provided).
Positive Factors
Revenue and Profitability Recovery
The sharp revenue rebound and return to positive earnings indicate that Westbond has regained operating traction after losses in FY2024–FY2025. Positive EBITDA and net margins provide a foundation for reinvestment, while improving demand can support earnings recovery over the next several quarters.
Negative Factors
Margins Below Prior Cycle Peaks
Although profitability has returned, margins remain below the stronger FY2022–FY2023 levels, indicating that earnings power is not fully normalized. The gap leaves less protection against input-cost or pricing pressure and makes sustained margin expansion important to the recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Recovery
The sharp revenue rebound and return to positive earnings indicate that Westbond has regained operating traction after losses in FY2024–FY2025. Positive EBITDA and net margins provide a foundation for reinvestment, while improving demand can support earnings recovery over the next several quarters.
Read all positive factors
Westbond (WBE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$8.37M
Dividend Yield7.41%
Average Volume (3M)23.77K
Price to Earnings (P/E)12.2
Beta (1Y)1.16
Revenue Growth13.73%
EPS Growth1988.89%
CountryCA
Employees13
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.01
Shares Outstanding35,625,800
10 Day Avg. Volume18,997
30 Day Avg. Volume23,769
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.91
Price to Sales (P/S)0.66
P/FCF Ratio5.58
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
Westbond Business Overview & Revenue Model
Company Description
WestBond Enterprises Corporation, which includes its subsidiary WestBond Industries Inc., manufactures and distributes single-use paper products. These items cater to the medical, hygienic, and industrial sectors throughout Canada and the United S...
How the Company Makes Money
Westbond makes money primarily by manufacturing and selling wood building products to customers in construction and renovation supply chains (e.g., distributors, building material dealers, and/or contractors). Revenue is generated from product sal...
Westbond Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Jun 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.52M | 11.35M | 9.67M | 9.22M | 11.09M | 13.98M |
| Gross Profit | 2.43M | 2.08M | 1.16M | 802.76K | 1.94M | 2.88M |
| EBITDA | 2.17M | 1.90M | 1.28M | 1.12M | 2.14M | 2.15M |
| Net Income | 670.57K | 473.25K | -52.38K | -210.68K | 574.55K | 693.22K |
Balance Sheet | ||||||
| Total Assets | 12.77M | 12.41M | 12.42M | 12.69M | 13.42M | 15.55M |
| Cash, Cash Equivalents and Short-Term Investments | 1.03M | 979.32K | 143.27K | 111.00K | 73.47K | 268.07K |
| Total Debt | 1.31M | 1.21M | 1.66M | 2.46M | 2.37M | 3.40M |
| Total Liabilities | 4.23M | 4.17M | 4.76M | 5.07M | 5.59M | 7.56M |
| Stockholders Equity | 8.53M | 8.24M | 7.66M | 7.62M | 7.83M | 7.99M |
Cash Flow | ||||||
| Free Cash Flow | 998.06K | 1.34M | 927.68K | 82.32K | 1.50M | 2.84M |
| Operating Cash Flow | 1.41M | 1.60M | 1.16M | 492.81K | 1.93M | 4.98M |
| Investing Cash Flow | -416.16K | -258.51K | -236.76K | -410.50K | -432.34K | -2.13M |
| Financing Cash Flow | -199.35K | -505.40K | -895.41K | -44.79K | -1.70M | -1.77M |
Westbond Technical Analysis
Positive
0.26
Price Trends
0.23
Positive
0.23
Positive
0.22
Positive
Market Momentum
>-0.01
Positive
49.90
Neutral
39.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WBE, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.23, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.90 is Neutral, neither overbought nor oversold. The STOCH value of 39.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WBE.
Westbond Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$8.37M | 12.23 | 8.16% | 7.41% | 13.73% | 1988.89% | |
58 Neutral | C$7.42B | -3.49 | -24.96% | 1.88% | -11.06% | -888.45% | |
58 Neutral | C$901.01M | -2.04 | -30.64% | 6.38% | -7.37% | -92.84% | |
56 Neutral | C$183.71M | -2.18 | -17.78% | 5.53% | -18.00% | -290.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$90.51M | 15.59 | 2.85% | 4.58% | 0.43% | -29.04% | |
45 Neutral | C$4.08M | -0.09 | -103.21% | 10.58% | -18.46% | -102.32% |
* General Sector Average
TSE:WBE
Westbond
0.24
0.07
39.88%
TSE:WFG
West Fraser Timber Co
94.77
-1.71
-1.77%
TSE:CFF
Conifex Timber
0.10
-0.17
-62.96%
TSE:GDL
Goodfellow
10.91
0.06
0.52%
TSE:WEF
Western Forest Prod
17.40
4.88
38.98%
TSE:IFP
Interfor
13.70
3.72
37.27%
Westbond Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
WestBond Shareholders Back Board, Auditor and Stock Option Plan at AGM
Positive
Sep 4, 2026
WestBond Enterprises Corporation has confirmed that all resolutions presented at its Annual General Meeting of shareholders on September 3, 2026, in Delta, B.C., received approval. Shareholders re‑elected the existing board of directors and ...
Business Operations and StrategyFinancial Disclosures
WestBond Swings to Profit on Higher Sales and Growing Medley Brand Demand
Positive
Aug 21, 2026
WestBond Enterprises Corporation reported a sharp turnaround in its latest quarter, posting net profit of $295,025 for the period ended June 30, 2026, compared with a net loss of $17,035 in the previous quarter. Quarterly sales rose 8.1% to $2.90 ...
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.