Caldwell (CWL) AI Stock Analysis

• Market Cap: C$30.03M
• Dividend Yield: 1.72%
• Average Volume (3M): 9.62K
• Price to Earnings (P/E): 11.2
• Beta (1Y): -0.34
• Revenue Growth: 3.96%
• EPS Growth: N/A
• Country: CA
• Employees: 159
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 0.02
• Shares Outstanding: 29,443,731
• 10 Day Avg. Volume: 12,892
• 30 Day Avg. Volume: 9,615
• PEG Ratio: -0.22
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 6.48
• 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: 73 Outperform
• Price Target: C$1.00 ▲(0.00% Upside)

The score is driven primarily by improving financial performance: a return to profitability, strong free cash flow, and a de-risked balance sheet. Technicals add support with an established uptrend and positive momentum indicators, while valuation is reasonable (P/E ~11.6 with a modest dividend) but not a standout catalyst.

Positive Factors

De-risked balance sheet

Low leverage and a meaningful equity cushion reduce bankruptcy and refinancing risk in cyclical oilfield services. This balance-sheet strength supports multi-cycle resilience, preserves capital flexibility for R&D or selective acquisitions, and enables sustained investment through downcycles.

Strong cash generation and FCF conversion

High free-cash-flow conversion indicates earnings reliably translate into cash, enabling durable reinvestment in product development, maintenance of service capabilities, and optional debt paydown or shareholder returns. This cash generation underpins long-term operational stability.

Return to profitability and revenue growth

Re-establishing positive operating and net income after a downturn indicates recovery in core demand and improved operational control. Sustained profitability allows the firm to rebuild reserves, fund R&D and service capabilities, and pursue strategic initiatives over multiple quarters.

Negative Factors

Cyclicality and volatile cash flows

Pronounced cash-flow volatility reflects dependence on upstream activity and lumpy project timing. Over time this can force reactive capital decisions, constrain consistent capex and R&D spending, and increase the likelihood of cost cuts or balance-sheet actions during downturns.

Thin margins and below-peak returns

Modest ROE and compressed operating/net margins limit the company's ability to self-fund growth and absorb cost inflation. Persistently thin margins reduce competitive slack, making it harder to invest in differentiation or withstand pricing pressure from larger equipment suppliers.

Upstream sector demand sensitivity

Concentrated exposure to upstream oil and gas ties revenue to capital spending cycles and commodity prices. Structural demand swings produce lumpy order books and longer visibility gaps, complicating capacity planning and risking underutilized manufacturing or service teams during extended downturns.

Caldwell Business Overview & Revenue Model

Company Description

The Caldwell Partners International Inc. provides candidate research and sourcing services in Canada, the United States, and the United Kingdom. It also offers retained executive search and Caldwell analytics solutions, and on-demand talent acquisition augmentation solutions, as well as professional search services. In addition, the company offers Agile talent solutions, such as blockchain, cybersecurity, diversity and inclusion, and value creation advisory. It serves to real estate, consumer, commercial banking, academic, non-profit, social enterprise, culture, retail, e-commerce, financial services, industrial, insurance, life science, healthcare, private equity, venture capital, professional services, and technology sectors. The company was founded in 1970 and is headquartered in Toronto, Canada.

How the Company Makes Money

Caldwell generates revenue through multiple streams, primarily from the sale of its precision tools and equipment to manufacturers across various sectors. The company's key revenue streams include direct sales of cutting tools, tool holders, and custom-engineered solutions. Additionally, Caldwell may engage in service contracts and maintenance agreements with clients, providing ongoing support and upgrades for their tooling systems. Significant partnerships with major industrial players and distributors enhance Caldwell's market reach and contribute to its earnings. The company's emphasis on research and development also allows it to introduce new products that cater to evolving industry needs, thereby driving sales growth.

Caldwell Financial Statement Overview

Summary

Caldwell demonstrates solid financial performance with improvements in revenue growth and cash flow generation. The company maintains a strong balance sheet with low leverage, though profitability margins are under pressure.

Income Statement

Caldwell's income statement shows a positive revenue growth rate of 9.9% in the latest year, indicating a recovery from previous declines. The gross profit margin improved to 21.3%, reflecting efficient cost management. However, the net profit margin decreased to 2.5%, suggesting increased expenses or lower pricing power. The EBIT and EBITDA margins have also declined, indicating potential operational challenges.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.20, indicating low leverage and financial risk. The return on equity is 7.3%, showing moderate profitability. The equity ratio is 42.5%, suggesting a strong equity base relative to assets, which enhances financial stability.

Cash Flow

Caldwell's cash flow statement shows a significant improvement in free cash flow growth at 180.1%, indicating enhanced cash generation capabilities. The operating cash flow to net income ratio is 1.42, suggesting efficient cash conversion. The free cash flow to net income ratio of 1.26 further supports strong cash flow management.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	104.06M	87.15M	96.93M	156.16M	119.77M
Gross Profit	22.21M	17.69M	16.22M	34.65M	29.12M
EBITDA	5.91M	9.03M	-10.37M	13.70M	8.30M
Net Income	2.56M	4.19M	-11.30M	8.18M	4.52M
Balance Sheet
Total Assets	82.35M	68.75M	84.64M	91.29M	87.13M
Cash, Cash Equivalents and Short-Term Investments	20.56M	19.63M	22.05M	35.67M	29.21M
Total Debt	7.17M	6.50M	21.80M	22.14M	10.60M
Total Liabilities	47.38M	36.63M	56.92M	56.22M	61.38M
Stockholders Equity	34.97M	32.13M	27.72M	35.06M	25.75M
Cash Flow
Free Cash Flow	3.24M	772.00K	-11.39M	6.63M	24.52M
Operating Cash Flow	3.63M	1.23M	-11.22M	7.10M	24.88M
Investing Cash Flow	-4.83M	-1.67M	-3.60M	-1.92M	-3.92M
Financing Cash Flow	-2.07M	-1.91M	664.00K	499.00K	-5.93M

Caldwell Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CWL, the sentiment is Positive. The current price of 1 is below the 20-day moving average (MA) of 1.02, above the 50-day MA of 0.91, and above the 200-day MA of 0.77, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.65 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 Positive sentiment for TSE:CWL.

Caldwell Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CWL	73 Outperform	C$30.03M	11.22	1.88%	1.72%	3.96%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AEP	53 Neutral	C$46.64M	-81.61	-1.07%	―	9.30%	-151.79%
REKO	52 Neutral	C$22.35M	18.37	3.19%	―	0.38%	―
TLA	47 Neutral	C$15.41M	-38.06	-2.57%	―	-1.50%	-180.73%
SECU	45 Neutral	C$42.92M	273.26	0.25%	4.92%	-1.00%	-71.94%
DYA	43 Neutral	C$45.75M	-4.36	-2067.79%	―	-48.39%	9.17%

Caldwell Corporate Events

Caldwell Delivers Strong Q1 2026 Growth as Dubai Expansion Costs Temper Profit

Caldwell Partners reported strong first-quarter fiscal 2026 results, with consolidated professional fees rising to $29.1 million from $21.2 million a year earlier and revenue climbing to $29.3 million, driving gross profit to $5.9 million and operating profit to $0.9 million. Net earnings improved to $0.6 million, or $0.020 per share, as robust client hiring demand and increased executive search activity supported growth, despite higher costs of sales and share-based compensation expenses. Management highlighted that profitability was tempered by startup costs tied to launching a new Dubai office, including legal, administrative, recruiting and integration expenses for new partners, investments aimed at extending the firm’s global footprint and supporting long-term growth. The company also reported stronger executive search bookings versus the prior year and reiterated its focus on selective partner hiring, disciplined cost control, and capital return to shareholders, underscored by the declaration of a quarterly dividend of $0.01 per common share.

The most recent analyst rating on (TSE:CWL) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Caldwell stock, see the TSE:CWL Stock Forecast page.

Caldwell Reports Strong Fiscal 2025 Results and Boosts Dividend

Caldwell Partners International Inc. reported a strong financial performance for the fourth quarter and full fiscal year 2025, with significant increases in professional fees and revenues. The company experienced a 44% rise in professional fees for Caldwell and a 28% increase for IQTalent, reflecting higher partner productivity and client activity. This growth, despite economic uncertainties, has led to a 300% increase in the quarterly dividend, showcasing the company’s confidence in its business outlook and cash-flow strength. The focus on growth, operational efficiency, and disciplined capital allocation is expected to continue driving profitable performance and delivering sustained value to shareholders.

The most recent analyst rating on (TSE:CWL) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Caldwell stock, see the TSE:CWL Stock Forecast page.