Westshore Terminals (TSE:WTE)
TSX:WTE
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Westshore Terminals
(TSX:WTE)
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Rating:70Outperform
Price Target:
C$41.00
▲(15.20% Upside)
Action:UpgradedDate:03/16/26
The score is driven primarily by solid financial fundamentals (strong profitability and operating cash generation), tempered by 2025 revenue/margin weakening and rising leverage. Technicals are moderately supportive with a positive longer-term trend but mixed momentum signals. Valuation is a headwind due to a high P/E despite a strong dividend yield.
Positive Factors
Strong Cash Generation
Consistent operating cash flow and a sharp FCF improvement in 2025 indicate the business reliably generates cash from core operations. This durable cash generation supports maintenance capex, distributions, and debt servicing across cycles, improving resilience to volume swings.
Negative Factors
Recent Revenue Decline and Margin Compression
A meaningful revenue drop and margin compression in 2025 signal increased earnings volatility tied to volume sensitivity. Because revenues are directly linked to coal exports and terminal throughput, prolonged demand softness would materially reduce cash flow and strain long-term payout capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Consistent operating cash flow and a sharp FCF improvement in 2025 indicate the business reliably generates cash from core operations. This durable cash generation supports maintenance capex, distributions, and debt servicing across cycles, improving resilience to volume swings.
Read all positive factors
Westshore Terminals (WTE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.28B
Dividend Yield5.63%
Average Volume (3M)90.25K
Price to Earnings (P/E)17.7
Beta (1Y)0.33
Revenue Growth-20.19%
EPS Growth-20.99%
CountryCA
Employees423
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.11
Shares Outstanding61,769,768
10 Day Avg. Volume77,121
30 Day Avg. Volume90,249
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)2.18
Price to Sales (P/S)4.98
P/FCF Ratio18.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$39.00Price Target Upside9.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.33
Revenue Forecast (FY)C$362.80M
Westshore Terminals Business Overview & Revenue Model
Company Description
Westshore Terminals Investment Corporation operates a coal storage and loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the Northwestern United States. Westshor...
How the Company Makes Money
WTE makes money by charging customers (coal producers and marketers exporting through its terminal) for throughput and terminal services associated with moving coal from inbound railcars to outbound vessels. The core revenue stream is terminal han...
Westshore Terminals Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
70
Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 323.00M | 404.73M | 381.00M | 291.96M | 340.47M |
| Gross Profit | 111.28M | 198.28M | 179.63M | 114.05M | 172.32M |
| EBITDA | 130.39M | 212.01M | 191.00M | 134.40M | 186.98M |
| Net Income | 90.70M | 115.25M | 116.56M | 66.84M | 107.81M |
Balance Sheet | |||||
| Total Assets | 2.56B | 1.85B | 1.39B | 1.26B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 125.88M | 136.59M | 164.75M | 156.03M | 243.49M |
| Total Debt | 440.86M | 441.41M | 277.89M | 280.57M | 283.32M |
| Total Liabilities | 1.82B | 1.12B | 665.09M | 546.09M | 508.38M |
| Stockholders Equity | 739.09M | 725.90M | 729.55M | 712.71M | 788.47M |
Cash Flow | |||||
| Free Cash Flow | 86.23M | 98.07M | 97.95M | 36.27M | 128.46M |
| Operating Cash Flow | 406.70M | 396.07M | 189.59M | 91.20M | 136.57M |
| Investing Cash Flow | -324.20M | -298.01M | -91.64M | -54.93M | -8.11M |
| Financing Cash Flow | -93.20M | -126.22M | -88.27M | -123.74M | -86.40M |
Westshore Terminals Technical Analysis
Positive
35.59
Price Trends
32.48
Positive
29.58
Positive
27.40
Positive
Market Momentum
1.04
Positive
62.05
Neutral
29.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WTE, the sentiment is Positive. The current price of 35.59 is above the 20-day moving average (MA) of 34.39, above the 50-day MA of 32.48, and above the 200-day MA of 27.40, indicating a bullish trend. The MACD of 1.04 indicates Positive momentum. The RSI at 62.05 is Neutral, neither overbought nor oversold. The STOCH value of 29.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WTE.
Westshore Terminals Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$2.28B | 17.73 | 12.55% | 5.63% | -20.19% | -20.99% | |
70 Outperform | C$3.26B | 130.21 | 1.66% | 2.38% | 28.09% | ― | |
66 Neutral | C$2.86B | 14.57 | 10.44% | 3.88% | 8.92% | 10.21% | |
65 Neutral | C$15.58B | 27.16 | 11.65% | 1.75% | -4.22% | -23.76% | |
65 Neutral | C$1.91B | 19.45 | 8.72% | 5.21% | 7.92% | -14.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
43 Neutral | C$369.98M | -16.51 | -9.21% | 2.62% | 1.13% | -33.62% |
* Industrials Sector Average
TSE:WTE
Westshore Terminals
36.42
12.55
52.59%
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Westshore Terminals Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresRegulatory Filings and Compliance
Westshore Terminals Files 2025 Results, Declares Q1 2026 Dividend and Issues 2026 Volume Guidance
Positive
Mar 14, 2026
Westshore Terminals Investment Corporation has filed its audited consolidated financial statements for the year ended December 31, 2025, along with the accompanying management’s discussion and analysis with Canadian securities regulators, ma...
Business Operations and StrategyPrivate Placements and Financing
Westshore Terminals Secures Expanded $165 Million Credit Facility to Back Potash Project and Operations
Positive
Feb 21, 2026
Westshore Terminals Investment Corporation has secured a new $165 million revolving credit facility for its Westshore Terminals Limited Partnership subsidiary with Royal Bank of Canada and The Bank of Nova Scotia, replacing and expanding a previou...
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.