BeWhere Holdings Inc (TSE:BEW)
:BEW
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BeWhere Holdings
(BEW)
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Select Model
Rating:65Neutral
Price Target:
C$0.93
▲(14.20% Upside)
Action:Reiterated
Date:04/30/26
The score is primarily driven by solid financial progress (strong revenue growth, profitability improvement, and low leverage) but is held back by inconsistent cash flow quality. Technicals are mildly supportive, while the elevated P/E limits the valuation component.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion over multiple years indicates the company is scaling product adoption and market reach. This durable top-line momentum supports longer-term investment in platform capabilities and recurring services, improving the runway for continued growth beyond near-term cycles.
Negative Factors
Inconsistent cash generation
Volatile operating and free cash flows weaken the company's ability to self-fund growth and increase reliance on financing or equity issuance during down periods. Persistent cash conversion variability complicates planning for inventory, connectivity costs, and recurring service investments, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion over multiple years indicates the company is scaling product adoption and market reach. This durable top-line momentum supports longer-term investment in platform capabilities and recurring services, improving the runway for continued growth beyond near-term cycles.
Read all positive factors
BeWhere Holdings (BEW) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$77.69M
Dividend YieldN/A
Average Volume (3M)39.90K
Price to Earnings (P/E)28.7
Beta (1Y)0.91
Revenue Growth22.40%
EPS Growth87.23%
CountryCA
Employees10
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.02
Shares Outstanding97,108,505
10 Day Avg. Volume20,386
30 Day Avg. Volume39,895
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., 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 primarily makes money by selling IoT tracking hardware and by earning recurring revenue from connectivity and related services tied to those devices. Key revenue streams typically include: (1) device sales (one-time revenue from the purcha...
BeWhere Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
85
Very Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.46M | 17.53M | 12.05M | 10.03M | 8.54M |
| Gross Profit | 4.36M | 5.83M | 4.63M | 3.55M | 2.29M |
| EBITDA | 1.98M | 1.73M | 1.27M | 986.03K | 761.42K |
| Net Income | 1.56M | 814.05K | 554.63K | 2.08M | 416.52K |
Balance Sheet | |||||
| Total Assets | 14.80M | 12.28M | 9.77M | 8.71M | 5.66M |
| Cash, Cash Equivalents and Short-Term Investments | 4.35M | 4.46M | 4.63M | 3.23M | 2.56M |
| Total Debt | 172.22K | 728.27K | 805.69K | 742.72K | 34.71K |
| Total Liabilities | 4.06M | 3.72M | 2.60M | 2.06M | 1.07M |
| Stockholders Equity | 10.74M | 8.56M | 7.17M | 6.65M | 4.58M |
Cash Flow | |||||
| Free Cash Flow | 403.48K | -573.39K | 1.47M | 606.22K | -4.06K |
| Operating Cash Flow | 415.17K | -559.74K | 1.48M | 640.16K | 690.08K |
| Investing Cash Flow | -344.19K | -13.65K | -10.63K | -33.94K | -694.14K |
| Financing Cash Flow | -65.35K | -127.16K | -68.10K | 62.13K | 96.11K |
BeWhere Holdings Technical Analysis
Negative
0.81
Price Trends
0.83
Negative
0.86
Negative
0.82
Negative
Market Momentum
>-0.01
Positive
42.77
Neutral
27.78
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 0.84, below the 50-day MA of 0.83, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.77 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | C$77.69M | 28.75 | 15.83% | ― | 22.40% | 87.23% | |
65 Neutral | C$324.36M | -323.95 | -6.16% | 2.14% | -8.60% | -455.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$21.59M | -0.92 | ― | ― | 37.33% | -7.55% | |
45 Neutral | C$39.69M | -4.28 | ― | ― | -10.80% | 31.36% | |
41 Neutral | C$9.57M | -7.78 | ― | ― | ― | -164.52% |
* General Sector Average
TSE:BEW
BeWhere Holdings
0.80
-0.02
-2.44%
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BeWhere Holdings Corporate Events
Business Operations and StrategyPrivate Placements and Financing
BeWhere Raises C$5 Million to Fund Rental Growth and European Expansion
Positive
Feb 19, 2026
BeWhere Holdings Inc. has closed a brokered private placement under the listed issuer financing exemption, issuing 7,150,000 common shares at C$0.70 each for gross proceeds of about C$5.0 million, including full exercise of the agents’ over-...
Business Operations and StrategyProduct-Related Announcements
BeWhere Integrates Asset Trackers into Ford Pro Telematics
Positive
Feb 12, 2026
BeWhere Holdings has completed the commercial soft launch of its collaboration with Ford Pro, integrating its latest BeTen+, BeSol+ and BeWired+ asset tracking devices into Ford Pro Telematics software. Ford Pro customers can now monitor not only ...
Business Operations and StrategyProduct-Related Announcements
BeWhere Integrates Asset Trackers into Ford Pro Telematics Platform
Positive
Feb 12, 2026
BeWhere Holdings has completed the commercial soft launch of its collaboration with Ford Pro, integrating its fourth-generation BeTen+, BeSol+ and BeWired+ asset tracking devices into the Ford Pro Telematics software platform. Ford Pro customers c...
Business Operations and StrategyProduct-Related Announcements
BeWhere Showcases 5G Asset Tracking in Examinetics Occupational Health Deployment
Positive
Feb 9, 2026
BeWhere Holdings has released a new case study showcasing how U.S. occupational health provider Examinetics is using its compact BeMini low-power 5G asset trackers to manage high-value portable medical testing equipment. The rechargeable, pocket-s...
Business Operations and StrategyPrivate Placements and Financing
BeWhere Launches C$4 Million Brokered Financing to Fund Rental and European Expansion
Positive
Feb 5, 2026
BeWhere Holdings Inc. has launched a brokered private placement under the listed issuer financing exemption to raise up to C$4.0 million through the sale of up to 5,720,000 common shares at C$0.70 each, with an additional over-allotment option tha...
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.