Added to YB: 2026-03-05
Pitch date: 2026-03-03
BEW.V [bullish]
BeWhere Holdings Inc.
+2.25%
current return
Author Info
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Company Info
BeWhere Holdings Inc., an industrial Internet of Things (IIoT) solutions company, designs, manufactures, and sells hardware with sensors and software applications to track real-time information on equipment, tools, and inventory in-transit and at facilities.
Market Cap
CAD 88.2M
Pitch Price
CAD 0.89
Price Target
3.00 (+239%)
Dividend
N/A
EV/EBITDA
47.67
P/E
115.15
EV/Sales
4.13
Sector
Software
Category
growth
BEWHERE HOLDINGS Inc. (BEW.V, BEWFF)
BEW.V: Asset-light IoT tracker (500k devices deployed, 24 consecutive +EBITDA qtrs) trades 3x 2026 sales vs 8x peer avg. Q4/Q1 strongest seasonally. 8 catalysts: 1) BeBatt launch (sub-$50 device, 10yr battery) 2) DaaS rental model (2x LTV, 6mo payback) 3) Margin inflection to 40% GM/20% EBITDA margin by 2028 (from 33%/12%) 4) AST SpaceMobile satellite connectivity via firmware update (zero capex, 85% untracked cargo TAM) 5) Europe entry via Vodafone board connection 6) TSX uplisting likely 2027 7) Seasonal strength 8) Takeout potential. 50%+ EBITDA CAGR to 2028. C$3 PT in 3yrs.
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