Westhaven Gold Corp. - WHN.V

WHN.V Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
WHN.V	0	-4.2	-14.8	-41.0	-52.1	-43.9	-77.5	-85.6	91.7	15
S&P 500	0.5	-1.4	0.6	6.2	11.3	29.8	25.4	89.0	187.6	33315.4

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	WHN.V
name	Westhaven Gold Corp.
price	0.12
changes percentage	0
change	0
day low	0.12
day high	0.12
year high	0.34
year low	0.11
market cap	21065470
price avg 50	0.14
price avg 200	0.18
exchange	TSXV
volume	55500
avg volume	181842
open	0.12
previous close	0.12
eps	-0.01
pe	-11.50
earnings announcement	2024-11-26T21:00:00.000+0000
shares outstanding	183178000
timestamp	2024-11-18 16:10:03

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 26.7%

Overall Quarterly Financial Health: 48.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	-27856	-11715	-137.78
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	2427569	1903996	27.50
interest income	154.52	81658	-99.81
interest expense	0	19250	-100.00
ebitda	-2443710	-1863450	-31.14
ebitdaratio	0	0	NaN
operating income	-2427569	-1232414	-96.98
operating income ratio	0	0	NaN
net income	-2635194	-1249352	-110.92
net income ratio	0	0	NaN
eps	-0.02	-0.01	-109.47

Overall Score of Annual Income Statement

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2023 from 0 million in 2022 representing a change of -137.78%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 2 million in 2023 from 2 million in 2022 representing a change of 27.5%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Earnings per Share (EPS): EPS increased to -0.02 in 2023 from -0.02 in 2022 representing a change of -109.47%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -2 million in 2023 from -2 million in 2022 representing a change of -31.14%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -2 million in 2023 from -1 million in 2022 representing a change of -96.98%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to -3 million in 2023 from -1 million in 2022 representing a change of -110.92%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	-13169	-9224	-42.77
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	381312	813046	-53.10
interest income	4240	677	526.29
interest expense	5712	6912	-17.36
ebitda	-377072	-812369	53.58
ebitdaratio	0	0	NaN
operating income	-362615	-822270	55.90
operating income ratio	0	0	NaN
net income	-395953	-828505	52.21
net income ratio	0	0	NaN
eps	-0.0	-0.01	53.45

Overall Score of Quarterly Income Statement

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -42.77%. This indicates a sales profitability decline, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2024Q2 from -1 million in 2024Q1 representing a change of 53.58%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 0 million in 2024Q2 from -1 million in 2024Q1 representing a change of 55.9%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 0 million in 2024Q2 from -1 million in 2024Q1 representing a change of 52.21%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 0 million in 2024Q2 from 1 million in 2024Q1 representing a change of -53.1%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Earnings per Share (EPS): EPS increased to -0.0 in 2024Q2 from -0.0 in 2024Q1 representing a change of 53.45%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	32945259	34585190	-4.74
total liabilities	1363508	1307545	4.28
total equity	31581752	33277645	-5.10
cash and cash equivalents	1223184	3810775	-67.90
short term investments	1000000	4000000	-75.00
long term investments	135000	100000	35.00
total current assets	1778630	10178241	-82.53
total non current assets	31166629	24406949	27.70
total current liabilities	479764	1104518	-56.56
total non current liabilities	883744	203027	335.28
common stock	38452515	38179713	0.71
retained earnings	-11733595	-11519611	-1.86
total debt	262341	298755	-12.19

Overall Score of Annual Balance Sheet

0.3 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 33 million in 2023 from 35 million in 2022 representing a change of -4.74%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 1 million in 2023 from 1 million in 2022 representing a change of 4.28%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 32 million in 2023 from 33 million in 2022 representing a change of -5.1%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1 million in 2023 from 4 million in 2022 representing a change of -67.9%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 1 million in 2023 from 4 million in 2022 representing a change of -75.0%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 2 million in 2023 from 10 million in 2022 representing a change of -82.53%. This indicates a worsen liquidity position.

  Retained Earnings: Retained Earnings decreased to -12 million in 2023 from -12 million in 2022 representing a change of -1.86%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2023 from 1 million in 2022 representing a change of -56.56%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 38 in 2023 from 38 in 2022 representing a change of 0.71%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 0 million in 2023 from 0 million in 2022 representing a change of -12.19%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	35528056	35441815	0.24
total liabilities	2023363	2580809	-21.60
total equity	33504693	32861006	1.96
cash and cash equivalents	1162542	1886953	-38.39
short term investments	0	0	NaN
long term investments	135000	135000	0.00
total current assets	1699219	2341195	-27.42
total non current assets	33828837	33100620	2.20
total current liabilities	1200212	781839	53.51
total non current liabilities	823151	1798970	-54.24
common stock	41070913	40031274	2.60
retained earnings	-12958052	-12562100	-3.15
total debt	190136	226193	-15.94

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 36 million in 2024Q2 from 35 million in 2024Q1 representing a change of 0.24%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 2 million in 2024Q2 from 3 million in 2024Q1 representing a change of -21.6%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 34 million in 2024Q2 from 33 million in 2024Q1 representing a change of 1.96%. This indicates an increase in shareholders' equity.

  Common Stock: Common Stock increased to 41 in 2024Q2 from 40 in 2024Q1 representing a change of 2.6%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -15.94%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1 million in 2024Q2 from 2 million in 2024Q1 representing a change of -38.39%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 2 million in 2024Q2 from 2 million in 2024Q1 representing a change of -27.42%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 1 million in 2024Q2 from 1 million in 2024Q1 representing a change of 53.51%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -13 million in 2024Q2 from -13 million in 2024Q1 representing a change of -3.15%. This indicates an accumulated losses.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-2587.59	-8901	70.93
operating cash flow	-1696.81	-2015818	99.92
free cash flow	-6562.35	-10579987	99.94
capital expenditure	-4865.55	-8564169	99.94
depreciation and amortization	27856	11715	137.78
deferred income tax	769947	0	NaN
stock based compensation	478.12	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	5577	-100.00
investments in property plant and equipment	-4865547	-8564169	43.19
net cash used for investing activites	-900.55	-3308662	99.97
debt repayment	-143.62	14150	-101.01
common stock issued	153383	5285532	-97.10
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	9.76	5315579	-100.00
cash at end of period	1223.18	3810775	-99.97
accounts receivables	98821	-124328	179.48
cash at beginning of period	3810.78	3819676	-99.90

Overall Score of Annual Cashflow Statement

None

Detailed Analysis

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	-525573	-293308	-79.19
free cash flow	-2125524	-1008555	-110.75
capital expenditure	-1599951	-715247	-123.69
depreciation and amortization	13168	9224	42.76
deferred income tax	0	0	NaN
stock based compensation	0	364000	-100.00
accounts receivables	-66278	84403	-178.53
accounts payables	0	56426	-100.00
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-1599951	-715247	-123.69
net cash used for investing activites	-1599951	-715247	-123.69
debt repayment	-39626	-40491	2.14
common stock issued	1537550	1823022	-15.66
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	1400874	1672324	-16.23
net change in cash	-704411	1663769	-142.34
cash at end of period	1162542	1886953	-38.39
cash at beginning of period	1866953	223184	736.51

Overall Score of Quarterly Cashflow Statement

0.57 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -1 million in 2024Q2 from 2 million in 2024Q1 representing a change of -142.34%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to -1 million in 2024Q2 from 0 million in 2024Q1 representing a change of -79.19%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -2 million in 2024Q2 from -1 million in 2024Q1 representing a change of -110.75%. This indicates a decrease in cash generated after accounting for capital expenditures.

• 📈 Positive Indicators

  Capital Expenditure: Capital Expenditure decreased to -2 million in 2024Q2 from -1 million in 2024Q1 representing a change of -123.69%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -178.53%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.02	-0.01	-109.55
operating cash flow per share	-0.0	-0.02	99.92
free cash flow per share	-0.0	-0.08	99.94
cash per share	0.02	0.06	-71.72
book value per share	0.24	0.25	-5.72
tangible book value per share	0.24	0.25	-5.72
shareholders equity per share	0.24	0.25	-5.72
interest debt per share	0.0	0.0	-34.55
market cap	29828324.93	48071808.16	-37.95
enterprise value	28867481.93	44559788.16	-35.22
pe ratio	-11.32	-38.48	70.58
price to sales ratio	0	0	NaN
pocfratio	-17579.1	-23.85	-73,615.28
pfcf ratio	-4545.37	-4.54	-99,937.76
pb ratio	0.94	1.44	-34.62
ptb ratio	0.94	1.44	-34.62
ev to sales	0	0	NaN
enterprise value over ebitda	-11.81	-23.91	50.60
ev to operating cash flow	-17012.84	-22.11	-76,863.52
ev to free cash flow	-4398.95	-4.21	-104,345.88
earnings yield	-0.09	-0.03	-239.93
free cash flow yield	-0.0	-0.22	99.90
debt to equity	0.0	0.0	-19.27
debt to assets	0.0	0.0	-19.57
net debt to ebitda	0.39	1.88	-79.14
current ratio	3.71	9.22	-59.77
interest coverage	0	-64.02	100.00
income quality	0.64	1.61	-60.09
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-2.87	-4.25	32.51
capex to revenue	0	0	NaN
capex to depreciation	0.17	731.04	-99.98
stock based compensation to revenue	0	0	NaN
graham number	0.33	0.23	40.56
roic	-0.11	-0.06	-96.02
return on tangible assets	-0.08	-0.04	-121.42
graham net net	0.01	0.06	-89.68
working capital	1298866	9073723	-85.69
tangible asset value	31581751	33277645	-5.10
net current asset value	415122	8870696	-95.32
invested capital	32330496	33380672	-3.15
average receivables	1183733	2250302	-47.40
average payables	151824.4	346.7	43,690.78
average inventory	-1183.73	-1183.73	0.00
days sales outstanding	0	0	NaN
days payables outstanding	3971.9	16.26	24,331.25
days of inventory on hand	0	-73.76	100.00
receivables turnover	0	0	NaN
payables turnover	0.09	22.45	-99.59
inventory turnover	0	-4.95	100.00
roe	-0.08	-0.04	-122.25
capex per share	0.0	0.07	-99.94

• Negative

  ROE: Return on Equity (ROE) decreased to -0.08 on 2023-12-31 from -0.04 on 2022-12-31, representing a change of -122.25%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 3.71 on 2023-12-31 from 9.22 on 2022-12-31, representing a change of -59.77%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -11.32 on 2023-12-31 from -38.48 on 2022-12-31, representing a change of 70.58%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2023-12-31 from 0.00 on 2022-12-31, representing a change of -19.27%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
WHN.V
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.0	-0.01	53.38
operating cash flow per share	-0.0	-0.0	-74.81
free cash flow per share	-0.01	-0.01	-105.60
cash per share	0.01	0.01	-39.90
book value per share	0.23	0.23	-0.53
tangible book value per share	0.23	0.23	-0.94
shareholders equity per share	0.23	0.23	-0.53
interest debt per share	0.0	0.0	-10.93
market cap	26183608.38	29801242.8	-12.14
enterprise value	25211202.38	28140482.8	-10.41
pe ratio	-16.53	-8.99	-83.84
price to sales ratio	0	0	NaN
pocfratio	-49.82	-101.6	50.97
pfcf ratio	-12.32	-29.55	58.31
pb ratio	0.78	0.91	-13.83
ptb ratio	0.78	0.91	-13.83
ev to sales	0	0	NaN
enterprise value over ebitda	-66.86	-34.64	-93.02
ev to operating cash flow	-47.97	-95.94	50.00
ev to free cash flow	-11.86	-27.9	57.49
earnings yield	-0.02	-0.03	45.61
free cash flow yield	-0.08	-0.03	-139.87
debt to equity	0.0	0.0	-9.75
debt to assets	0.0	0.0	-8.21
net debt to ebitda	2.58	2.04	26.14
current ratio	1.42	2.99	-52.72
interest coverage	-63.48	-118.96	46.64
income quality	1.33	0.35	274.94
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	-0.0	100.00
capex to operating cash flow	-3.04	-2.44	-24.84
capex to revenue	0	0	NaN
capex to depreciation	121.5	77.54	56.69
stock based compensation to revenue	0	0	NaN
graham number	0.12	0.17	-31.90
roic	-0.01	-0.02	56.74
return on tangible assets	-0.01	-0.02	52.14
graham net net	-0.0	-0.0	20.91
working capital	499007	1559356	-68.00
tangible asset value	33504693	32996006	1.54
net current asset value	-324144	-239614	-35.28
invested capital	34192844	33438371	2.26
average receivables	487381	496443.5	-1.83
average payables	513566	401067.5	28.05
average inventory	-227121	-227121	0.00
days sales outstanding	0	0	NaN
days payables outstanding	3609.32	4868.9	-25.87
days of inventory on hand	0	-4432.11	100.00
receivables turnover	0	0	NaN
payables turnover	0.02	0.02	34.90
inventory turnover	0	-0.02	100.00
roe	-0.01	-0.03	53.13
capex per share	0.01	0.01	118.23

• Negative

  ROE: Return on Equity (ROE) increased to -0.01 on 2024-06-30 Q2 from -0.03 on 2024-03-31 Q1, representing a change of 53.13%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -16.53 on 2024-06-30 Q2 from -8.99 on 2024-03-31 Q1, representing a change of -83.84%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.42 on 2024-06-30 Q2 from 2.99 on 2024-03-31 Q1, representing a change of -52.72%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-06-30 Q2 from 0.00 on 2024-03-31 Q1, representing a change of -9.75%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.01 which is lower than current price 0.12, indicates the company may be overvalued.