BeWhere Holdings Inc (TSE:BEW)
:BEW
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BeWhere Holdings
(BEW)
Select Model
Select Model
Rating:55Neutral
Price Target:
C$0.92
▲(13.95% Upside)
Action:DowngradedDate:01/04/26
The score is held back primarily by negative cash flow despite profitability, and by an expensive valuation (P/E ~102.5). These risks are partially offset by steady revenue growth and a strong, low-leverage balance sheet, while technical signals are broadly neutral.
Positive Factors
Recurring subscription revenue mix
A business model combining hardware sales with recurring subscription software creates durable, higher-quality revenue. Subscriptions provide predictable, repeatable cash inflows and opportunities for upsell and platform stickiness, supporting long-term customer lifetime value.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow signals cash conversion and working-capital stress despite accounting profits. Over months this raises funding risk, may force external financing or slower reinvestment, and weakens long-term financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring subscription revenue mix
A business model combining hardware sales with recurring subscription software creates durable, higher-quality revenue. Subscriptions provide predictable, repeatable cash inflows and opportunities for upsell and platform stickiness, supporting long-term customer lifetime value.
Read all positive factors
BeWhere Holdings (BEW) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$76.66M
Dividend YieldN/A
Average Volume (3M)39.90K
Price to Earnings (P/E)35.7
Beta (1Y)0.82
Revenue Growth27.55%
EPS Growth-39.69%
CountryCA
Employees10
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)<0.01
Shares Outstanding97,033,500
10 Day Avg. Volume20,386
30 Day Avg. Volume39,895
Financial Highlights & Ratios
PEG Ratio1.60
Price to Book (P/B)7.24
Price to Sales (P/S)3.54
P/FCF Ratio-108.17
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., 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...
How the Company Makes Money
BeWhere Holdings generates revenue primarily through the sale of IoT hardware devices and subscription-based software services. The company charges customers for its tracking devices, which are integrated with its cloud-based software platform, al...
BeWhere Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.50M | 17.53M | 12.05M | 10.03M | 8.54M | 7.04M |
| Gross Profit | 6.71M | 5.83M | 4.63M | 3.55M | 2.29M | 1.66M |
| EBITDA | 1.54M | 1.73M | 1.27M | 986.03K | 761.42K | -1.60M |
| Net Income | 697.48K | 814.05K | 554.63K | 2.08M | 416.52K | -1.97M |
Balance Sheet | ||||||
| Total Assets | 14.15M | 12.28M | 9.77M | 8.71M | 5.66M | 5.64M |
| Cash, Cash Equivalents and Short-Term Investments | 4.14M | 4.46M | 4.63M | 3.23M | 2.56M | 2.47M |
| Total Debt | 585.83K | 728.27K | 805.69K | 742.72K | 34.71K | 23.92K |
| Total Liabilities | 4.11M | 3.72M | 2.60M | 2.06M | 1.07M | 1.60M |
| Stockholders Equity | 10.04M | 8.56M | 7.17M | 6.65M | 4.58M | 4.04M |
Cash Flow | ||||||
| Free Cash Flow | -718.35K | -573.39K | 1.47M | 606.22K | -4.06K | 34.37K |
| Operating Cash Flow | -699.92K | -559.74K | 1.48M | 640.16K | 690.08K | 840.20K |
| Investing Cash Flow | -350.92K | -13.65K | -10.63K | -33.94K | -694.14K | -805.84K |
| Financing Cash Flow | 41.94K | -127.16K | -68.10K | 62.13K | 96.11K | 40.00K |
BeWhere Holdings Technical Analysis
Negative
0.81
Price Trends
0.88
Negative
0.85
Negative
0.82
Negative
Market Momentum
-0.03
Positive
35.66
Neutral
22.22
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 0.81 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.88, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.66 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 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 |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$76.66M | 35.74 | 7.47% | ― | 27.55% | -39.69% | |
44 Neutral | C$41.21M | -8.46 | ― | ― | ― | ― | |
| ― | C$19.86M | 0.77 | ― | ― | 37.33% | -7.55% | |
64 Neutral | C$319.98M | 565.37 | -5.37% | 2.14% | -11.70% | -199.55% | |
40 Underperform | C$10.28M | -12.41 | ― | ― | ― | -716.67% |
* General Sector Average
TSE:BEW
BeWhere Holdings
0.79
0.18
29.51%
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BeWhere Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
BeWhere Holdings Reports Record Q3 2025 Financial Results
Positive
Nov 26, 2025
BeWhere Holdings Inc. reported record financial results for the third quarter of 2025, with a 21% increase in quarterly revenue and a 42% rise in gross profit year over year. The company’s strategic supply chain initiatives and innovative pr...
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.