BeWhere Holdings (BEW) AI Stock Analysis

• Market Cap: C$68.75M
• Dividend Yield: N/A
• Average Volume (3M): 39.90K
• Price to Earnings (P/E): 97.5
• Beta (1Y): 0.96
• Revenue Growth: 27.55%
• EPS Growth: -39.69%
• 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: 20,386
• 30 Day Avg. Volume: 39,895
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: C$0.89 ▲(14.23% Upside)

BeWhere Holdings demonstrates strong financial performance and strategic corporate developments, which are offset by valuation concerns and cash flow challenges. The technical indicators suggest moderate momentum, but the high P/E ratio indicates potential overvaluation.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and successful product adoption, supporting long-term business sustainability.

Profit Margins

Improving profit margins reflect operational efficiency and effective cost management, enhancing long-term profitability.

Financial Stability

A strong equity ratio indicates financial stability, reducing risk and providing a solid foundation for future growth.

Negative Factors

Cash Flow Challenges

Negative operating cash flow can strain liquidity and limit the ability to invest in growth opportunities, impacting long-term prospects.

Earnings Volatility

Volatile earnings growth can create uncertainty and affect investor confidence, potentially impacting stock performance and valuation.

Free Cash Flow Concerns

Negative free cash flow suggests challenges in generating sufficient cash to cover expenses and invest in future growth, posing a risk to financial health.

BeWhere Holdings Business Overview & Revenue Model

Company Description

BeWhere Holdings (BEW) is a technology company specializing in Internet of Things (IoT) solutions that enhance asset tracking and management across various sectors, including logistics, supply chain, and retail. The company offers innovative products and services that leverage real-time location data to help businesses optimize their operations, improve efficiency, and reduce costs. BeWhere's core offerings include hardware devices, software platforms, and integrated solutions designed to facilitate the tracking of assets and inventory in real-time.

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, allowing users to monitor and manage their assets efficiently. Additionally, BeWhere earns recurring revenue through subscriptions for ongoing software services that provide advanced analytics, reporting, and customer support. Strategic partnerships with logistics and supply chain companies further enhance BeWhere's market reach and contribute to its earnings by providing integrated solutions that meet the specific needs of various industries.

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 and a high equity ratio, 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	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

• Technical Analysis Sentiment: Negative
• Last Price: 0.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.78 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.80, and above the 200-day MA of 0.75, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.55 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BEW.

BeWhere Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEW	70 Outperform	C$68.75M	97.47	7.70%	―	27.55%	-39.69%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
VCM	53 Neutral	C$244.00M	-12.38	-8.77%	2.19%	-11.70%	-199.55%
IMI	41 Neutral	C$18.13M	-9.21	―	―	37.33%	-7.55%
BYL	39 Underperform	C$39.69M	-11.66	―	―	―	―
YFI	35 Underperform	C$9.54M	-4.08	―	―	―	-716.67%

BeWhere Holdings Corporate Events

BeWhere Holdings Reports Record Q3 2025 Financial Results

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 product offerings have contributed to a significant improvement in financial performance, positioning BeWhere as a strong player in the asset tracking and inventory management markets.

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.

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.