Westaim Corp Shares Outstanding vs. Gross Profit

WED Stock  CAD 5.04  0.09  1.82%   
Considering Westaim Corp's profitability and operating efficiency indicators, Westaim Corp is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in December. Profitability indicators assess Westaim Corp's ability to earn profits and add value for shareholders. EV To Sales is likely to climb to 1.29 in 2024, whereas Price To Sales Ratio is likely to drop 1.77 in 2024. At this time, Westaim Corp's Net Income Per E B T is fairly stable compared to the past year.
For Westaim Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Westaim Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Westaim Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Westaim Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Westaim Corp over time as well as its relative position and ranking within its peers.
  
Check out Your Current Watchlist.
Please note, there is a significant difference between Westaim Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westaim Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westaim Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Westaim Corp Gross Profit vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Westaim Corp's current stock value. Our valuation model uses many indicators to compare Westaim Corp value to that of its competitors to determine the firm's financial worth.
Westaim Corp is rated first in shares outstanding category among its peers. It is rated second in gross profit category among its peers fabricating about  0.21  of Gross Profit per Shares Outstanding. The ratio of Shares Outstanding to Gross Profit for Westaim Corp is roughly  4.67 . At this time, Westaim Corp's Gross Profit is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Westaim Corp's earnings, one of the primary drivers of an investment's value.

Westaim Gross Profit vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Westaim Corp

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
128.17 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Westaim Corp

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
27.44 M
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Westaim Gross Profit Comparison

Westaim Corp is currently under evaluation in gross profit category among its peers.

Westaim Corp Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Westaim Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Westaim Corp will eventually generate negative long term returns. The profitability progress is the general direction of Westaim Corp's change in net profit over the period of time. It can combine multiple indicators of Westaim Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-2.2 M-2.1 M
Operating Income186.3 M195.6 M
Income Before Tax186.3 M195.6 M
Total Other Income Expense Net-1.5 M-1.4 M
Net Income184 M193.2 M
Income Tax Expense2.3 M2.4 M
Net Income From Continuing Ops184 M193.2 M
Net Income Applicable To Common Shares20.7 M21.7 M
Net Interest Income2.7 M2.9 M
Interest Income3.8 M3.9 M
Change To Netincome-22.4 M-21.3 M
Net Income Per Share 1.32  1.38 
Income Quality(0.02)(0.02)
Net Income Per E B T 0.99  1.13 

Westaim Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Westaim Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Westaim Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Westaim Corp's important profitability drivers and their relationship over time.

Learn to be your own money manager

Our tools can tell you how much better you can do entering a position in Westaim Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Idea Analyzer Now

   

Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Module

Use Investing Themes to Complement your Westaim Corp position

In addition to having Westaim Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Raw Materials Thematic Idea Now

Raw Materials
Raw Materials Theme
Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Raw Materials Theme or any other thematic opportunities.
View All  Next Launch

Additional Tools for Westaim Stock Analysis

When running Westaim Corp's price analysis, check to measure Westaim Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westaim Corp is operating at the current time. Most of Westaim Corp's value examination focuses on studying past and present price action to predict the probability of Westaim Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westaim Corp's price. Additionally, you may evaluate how the addition of Westaim Corp to your portfolios can decrease your overall portfolio volatility.