Caldwell Partners (TSE:CWL)
TSX:CWL
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Caldwell
(TSX:CWL)
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Rating:57Neutral
Price Target:
C$0.83
▼(-17.20% Downside)
Action:DowngradedDate:04/11/26
The score is supported primarily by improving financial performance and a conservative balance sheet, but is held back by weak technical momentum and an extremely high P/E ratio despite a moderate dividend yield.
Positive Factors
Conservative balance sheet
The company’s low leverage (debt/equity ~0.19) materially reduces refinancing and solvency risk, giving management durable financial flexibility to fund working capital, support client delivery through placement cycles, and prioritize strategic investments or payouts over the next several months.
Negative Factors
Thin net margins
A low net margin narrows the earnings buffer against client churn, pricing pressure, or cost inflation. With only a small margin base, small revenue swings materially affect net income and limit capacity to absorb shocks or fund growth without eroding returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
The company’s low leverage (debt/equity ~0.19) materially reduces refinancing and solvency risk, giving management durable financial flexibility to fund working capital, support client delivery through placement cycles, and prioritize strategic investments or payouts over the next several months.
Read all positive factors
Caldwell (CWL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$23.62M
Dividend Yield1.72%
Average Volume (3M)9.62K
Price to Earnings (P/E)314.7
Beta (1Y)-0.16
Revenue Growth3.96%
EPS GrowthN/A
CountryCA
Employees159
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding29,521,336
10 Day Avg. Volume12,892
30 Day Avg. Volume9,615
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.60
Price to Sales (P/S)0.20
P/FCF Ratio6.48
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
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 acquis...
How the Company Makes Money
Caldwell primarily makes money by charging fees for executive search engagements, typically tied to recruiting and placing senior executives for client organizations. Revenue is generated when clients retain Caldwell to run a search process (often...
Caldwell Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 116.12M | 104.06M | 87.15M | 96.93M | 156.16M | 119.77M |
| Gross Profit | 25.12M | 22.21M | 17.69M | 16.22M | 34.65M | 29.12M |
| EBITDA | 7.38M | 5.91M | 9.03M | -10.37M | 13.70M | 8.30M |
| Net Income | 2.91M | 2.56M | 4.19M | -11.30M | 8.18M | 4.52M |
Balance Sheet | ||||||
| Total Assets | 71.18M | 82.35M | 68.75M | 84.64M | 91.29M | 87.13M |
| Cash, Cash Equivalents and Short-Term Investments | 10.79M | 20.56M | 19.63M | 22.05M | 35.67M | 29.21M |
| Total Debt | 6.50M | 7.17M | 6.50M | 21.80M | 22.14M | 10.60M |
| Total Liabilities | 36.43M | 47.38M | 36.63M | 56.92M | 56.22M | 61.38M |
| Stockholders Equity | 34.75M | 34.97M | 32.13M | 27.72M | 35.06M | 25.75M |
Cash Flow | ||||||
| Free Cash Flow | 7.25M | 3.24M | 772.00K | -11.39M | 6.63M | 24.52M |
| Operating Cash Flow | 8.20M | 3.63M | 1.23M | -11.22M | 7.10M | 24.88M |
| Investing Cash Flow | -2.62M | -4.83M | -1.67M | -3.60M | -1.92M | -3.92M |
| Financing Cash Flow | -2.33M | -2.07M | -1.91M | 664.00K | 499.00K | -5.93M |
Caldwell Technical Analysis
Negative
1.00
Price Trends
0.90
Negative
0.93
Negative
0.82
Negative
Market Momentum
-0.03
Negative
41.63
Neutral
20.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CWL, the sentiment is Negative. The current price of 1 is above the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.90, and above the 200-day MA of 0.82, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 41.63 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CWL.
Caldwell Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$21.17M | 15.29 | 3.19% | ― | 0.38% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | C$37.44M | -1,422.49 | 0.45% | 4.92% | -1.00% | -71.94% | |
57 Neutral | C$23.62M | 314.73 | 7.79% | 1.72% | 3.96% | ― | |
53 Neutral | C$49.18M | 7.34 | -1.10% | ― | 9.30% | -151.79% | |
43 Neutral | C$58.45M | -4.20 | -2067.79% | ― | -48.39% | 9.17% | |
42 Neutral | C$15.01M | -10.71 | -2.57% | ― | -1.50% | -180.73% |
* Industrials Sector Average
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Caldwell Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Caldwell Returns to Profit on Strong Talent Search Revenue and Declares Dividend
Positive
Apr 9, 2026
Caldwell reported second-quarter fiscal 2026 revenue of $27.3 million, up from $23.2 million a year earlier, with consolidated professional fees rising to $27.1 million and gross profit increasing to $6.0 million. Net income improved to a modest $...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Caldwell Shareholders Re-Elect Board and Reconfirm Rights Plan at Annual Meeting
Positive
Feb 12, 2026
Caldwell Partners International reported that shareholders representing just over half of the company’s voting common shares participated by proxy in its latest annual meeting, where all director nominees were elected with strong majority su...
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.