Westbond (WBE) AI Stock Analysis

• Market Cap: C$5.70M
• Dividend Yield: N/A
• Average Volume (3M): 9.52K
• Price to Earnings (P/E): 177.8
• Beta (1Y): 0.53
• Revenue Growth: 11.10%
• EPS Growth: N/A
• Country: CA
• Employees: 13
• Sector: Services
• Sector Strength: N/A
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): <0.01
• Shares Outstanding: 35,625,800
• 10 Day Avg. Volume: 5,850
• 30 Day Avg. Volume: 9,522
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: C$0.00 ▼(-100.00% Downside)

Westbond's overall stock score is primarily influenced by its financial performance and technical analysis. The company's strong cash flow management is a positive aspect, but declining revenues and profitability pose significant challenges. The technical indicators suggest the stock is overbought, which could lead to a price correction. Additionally, the high P/E ratio indicates potential overvaluation, further impacting the stock's attractiveness.

Positive Factors

Cash Flow Management

Strong cash generation indicates effective operational efficiency and provides the company with the flexibility to invest in growth opportunities or manage debt.

Leverage Profile

A moderate debt-to-equity ratio suggests that Westbond is managing its debt levels prudently, which can enhance financial stability and reduce risk.

Operational Resilience

Improved EBIT margin and stable EBITDA indicate operational resilience, suggesting that the company can maintain its core business efficiency despite revenue challenges.

Negative Factors

Declining Revenues

Decreasing revenues highlight challenges in market demand or competitive positioning, potentially impacting long-term growth and profitability.

Profitability Challenges

Negative net profit margin indicates difficulties in converting sales into actual profit, which could hinder reinvestment and shareholder returns.

Asset Management Risks

A decline in assets and equity can signal inefficiencies in asset utilization, impacting the company's ability to leverage its resources for growth.

Westbond Business Overview & Revenue Model

Company Description

Westbond (WBE) is a leading provider in the manufacturing and distribution of high-quality bonding solutions, primarily focusing on industrial adhesives, sealants, and specialty coatings. Operating within the sectors of construction, automotive, and aerospace, Westbond is renowned for its innovative formulations and commitment to sustainability. The company's core products include epoxy adhesives, polyurethane sealants, and thermal bonding materials, catering to a diverse clientele that spans multiple industries.

How the Company Makes Money

Westbond generates revenue through the sale of its adhesive and sealant products to various industries, including construction, automotive, and aerospace. The company employs a direct sales model, complemented by a network of distributors and wholesalers who expand its market reach. Key revenue streams include bulk sales to large corporations, custom formulations for specific client needs, and the development of proprietary products that meet industry standards. Significant partnerships with major manufacturers and suppliers enhance Westbond's distribution capabilities and product innovation, contributing to its overall earnings. Additionally, the company may engage in research and development contracts with industrial clients, providing another avenue for revenue generation.

Westbond Financial Statement Overview

Summary

Westbond faces challenges with declining revenues and profitability, highlighted by its recent net income losses. Despite this, the company shows strengths in cash flow management and maintains a balanced leverage profile. The financial stability is moderate, but strategic improvements in revenue growth and profitability are necessary to enhance overall financial health.

Income Statement

Westbond's revenue has declined over the years, with a significant drop from 2022 to 2025. The gross profit margin for 2025 is approximately 12%, indicating some efficiency in cost management, but the net profit margin is negative due to a loss in net income, reflecting challenges in achieving profitability. The EBIT margin has improved to a marginally positive figure in 2025, while EBITDA remains relatively stable, suggesting operational resilience.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, showing a controlled leverage. The equity ratio suggests a decent proportion of equity financing. However, the declining total assets and stockholders' equity over the years indicate potential risks in asset management and financial stability.

Cash Flow

Westbond's free cash flow has grown significantly, especially in 2025, demonstrating strong cash generation. The operating cash flow to net income ratio is robust, indicating efficient cash conversion. However, the fluctuations in operating cash flow year-on-year highlight some volatility in cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.67M	9.67M	9.22M	11.09M	13.98M	11.67M
Gross Profit	1.16M	1.16M	802.76K	2.75M	5.33M	2.70M
EBITDA	1.28M	1.28M	1.12M	2.14M	2.15M	4.82M
Net Income	-52.38K	-52.38K	-210.68K	574.55K	2.64M	591.02K
Balance Sheet
Total Assets	12.42M	12.42M	12.69M	13.42M	15.55M	13.62M
Cash, Cash Equivalents and Short-Term Investments	143.27K	143.27K	111.00K	73.47K	1.47M	394.05K
Total Debt	1.66M	1.66M	2.46M	2.37M	4.24M	5.16M
Total Liabilities	4.76M	4.76M	5.07M	5.59M	7.56M	7.73M
Stockholders Equity	7.66M	7.66M	7.62M	7.83M	7.99M	5.89M
Cash Flow
Free Cash Flow	927.68K	927.68K	82.32K	1.50M	2.84M	1.25M
Operating Cash Flow	1.16M	1.16M	492.81K	1.93M	4.98M	1.68M
Investing Cash Flow	-236.76K	-236.76K	-410.50K	-432.34K	-2.13M	-430.54K
Financing Cash Flow	-895.41K	-895.41K	-44.79K	-1.70M	-1.77M	-1.33M

Westbond Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 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:WBE, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.14, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.53 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WBE.

Westbond Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	56 Neutral	$13.47B	17.85	10.03%	0.92%	7.13%	-12.93%
WBE	49 Neutral	C$5.70M	177.78	0.43%	―	11.10%	―
ICLTF	―	$44.87M	―	-13.50%	―	―	―
GDL	60 Neutral	C$96.78M	11.70	4.19%	4.33%	3.48%	-37.78%
WEF	48 Neutral	C$135.46M	―	-3.84%	―	3.89%	49.05%
CFX	47 Neutral	C$31.96M	―	-60.90%	―	-11.47%	-167.18%
CFF	39 Underperform	C$11.62M	―	-25.84%	―	-8.76%	16.86%

Westbond Corporate Events

WestBond Enterprises Reports Improved Financial Performance Amid Sales Growth

WestBond Enterprises Corporation reported a financial loss of $52,380 for the fiscal year ending March 31, 2025, an improvement from the previous year’s loss. Despite the loss, the company experienced a 4.9% increase in sales, driven by higher demand for wipe products and air-laid napkins, although sales in other categories declined. The company aims to capitalize on new market opportunities in the USA and Canada, particularly in the food service industry, and has taken steps to improve operational efficiency by adding staff and equipment.