WestBond Enterprises Corporation (WBE.V) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+18.5%

CA$0.26

vs CA$0.22 price

Levered DCF

CA$0.30

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.02

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	15.79×	-86.67×	-21.19×	14.29×	17.18×	11.56×	10.47×	14.4×
P/B	0.91×	0.6×	0.58×	1.05×	1.49×	3.82×	1.05×	1.1×
P/S	0.66×	0.48×	0.48×	0.74×	0.85×	2.19×	0.53×	0.53×
EV / EBITDA	4.06×	4.8×	6.09×	4.91×	6.45×	6.91×	5.39×	8.27×
Gross margin	18.3%	12.0%	8.7%	17.5%	20.6%	19.3%	23.2%	21.2%
Operating margin	6.5%	0.9%	-1.6%	8.4%	7.9%	26.0%	9.2%	6.6%
Net margin	4.2%	-0.5%	-2.3%	5.2%	5.0%	18.9%	5.1%	3.7%
Current ratio	2.85×	2.24×	2.08×	1.92×	1.82×	1.85×	1.56×	1.42×
Debt / equity	0.15×	0.22×	0.32×	0.3×	0.42×	0.53×	0.88×	1.11×
Interest coverage	11.88×	0.96×	-1.01×	6.54×	6.46×	18.31×	4.54×	5.51×
Dividend yield	0.0%	0.0%	0.0%	6.5%	7.5%	2.3%	5.6%	4.2%
Payout ratio	0.0%	0.0%	0.0%	93.0%	128.5%	27.0%	58.7%	60.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	-0.7%	-2.8%	7.3%	8.7%	33.1%	10.0%	7.7%
Return on invested capital	4.7%	0.8%	-0.9%	5.2%	5.7%	20.1%	7.8%	4.3%
Return on assets	3.8%	-0.4%	-1.7%	4.3%	4.5%	19.4%	5.4%	3.0%
Free cash flow yield	17.9%	20.0%	1.8%	18.3%	23.8%	4.1%	18.8%	19.2%
Earnings yield	6.3%	-1.1%	-4.7%	7.0%	5.8%	8.6%	9.6%	6.9%
Enterprise value	CA$7.7M	CA$6.1M	CA$6.8M	CA$10.5M	CA$13.9M	CA$33.3M	CA$10.9M	CA$11.7M
Net debt / EBITDA	0.12×	1.18×	2.1×	1.07×	0.9×	0.57×	2.32×	3.97×
Cash conversion cycle (days)	106	114	123	94	90	74	61	51