# Westshore Terminals Investment Corporation (WTE.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Industrials / Marine. Price C$40.22, market value C$2.5 billion.

## Valuation
- **P/E (trailing): 25.3×** (5-yr avg 14.0×, 3-yr avg 13.7×). Westshore Terminals Investment Corporation trades at 25.3× trailing earnings, well above its own five-year average of 14.0×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 22.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 7.5×**. Each dollar of revenue is priced at 7.5×.
- **Price / book: 3.3×**. The shares trade at 3.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 19.7×**. Enterprise value is 19.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.9%** (5-yr avg 6.6%). Free cash flow equals 4.9% of the market value, below its five-year average of 6.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 4.0%**. The inverse of the P/E: 4.0% of the price is earned each year.

## Profitability
- **Gross margin: 42.4%**. Westshore Terminals Investment Corporation keeps 42.4% of revenue after the direct cost of what it sells.
- **Operating margin: 33.0%**. 33.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 28.1%**. 28.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.3%**. 12.3% on shareholders' equity is solid.
- **Return on invested capital: 7.6%**. Return on all capital, debt included, is 7.6%.
- **Return on assets: 3.8%**. Each dollar of assets produces 3.8% of profit.

## Growth
- **Revenue growth (1 yr): -20.2%** (3-yr 3.4%/yr, 5-yr -2.6%/yr). Revenue fell 20.2% over the last year, against -2.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -21.0%** (3-yr 11.5%/yr, 5-yr -5.6%/yr). Earnings per share fell 21.0%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 33.5%/yr**. Free cash flow has compounded at 33.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.60**. Debt is 0.60 times equity, moderate leverage.
- **Net debt / EBITDA: 2.2×**. It would take 2.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.3×**. Operating profit covers interest 5.3× over, a safe margin.
- **Current ratio: 0.87** (quick 0.78). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.73%** (C$1.50 per share, trailing). Westshore Terminals Investment Corporation yields 3.73%, an income-level yield.
- **Payout ratio: 102%** (76% of free cash flow). The dividend exceeds earnings (102% payout), though free cash flow still covers it.
- **Dividend growth (5 yr): 18.6%/yr** (1-yr -18.9%). The dividend has compounded at 18.6% a year over five years, doubling roughly every 4 years at that pace.

## Price and momentum
- **Total return (1 yr): 66.7%** (YTD 57.8%, 3-mo -3.1%). The shares are up 66.7% over twelve months including dividends.
- **From 52-week high: -8.3%** (64.2% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.51** (volatility 25%). Beta of 0.51 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WTE.TO · Page: https://foliofundamentals.com/stocks/wte.to

Not investment advice.