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Operates North America's largest coal export terminal at Roberts Bank, British Columbia.
Operates North America's largest coal export terminal at Roberts Bank, British Columbia.
Charges a fee per tonne of coal moved from rail cars to ships, mostly under long-term contracts with coal producers, so volumes matter more than the coal price. Its largest customer has long been the Teck coal business, now the Glencore-led Elk Valley Resources.
Moat: wide (scale, installed base, regulatory licence). Only deep-water coal export terminal of its scale on Canada's west coast; hard to replicate.
Headquarters: Vancouver, Canada · Founded: 1970 · Employees: 413
Size Westshore Terminals Investment (WTE.TO) is a Canada Industrials company (Other Transportation) with a market value of $1.90B, the 191st largest of 420 Canada companies the cockpit tracks. Shares closed at C$43.11 on 6 Nov 2026.
Performance Over six months the shares gained 16.1%, against -2.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 15.8% over the last twelve months (peer median +4.5%); the operating margin is 33.0% (peer median 15.7%).
Valuation It trades at 26.3× forward earnings against a peer median of 11.2× (2nd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.1 points above its cost of capital (6.4% WACC).
Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$330M | C$323M | C$405M | C$381M | C$297M |
| Revenue growth | — | -20% | +6% | +28% | — |
| Gross profit | C$123M | C$111M | C$198M | C$180M | C$114M |
| EBITDA | C$143M | C$130M | C$214M | C$193M | C$132M |
| Net income | C$97.9M | C$90.7M | C$115M | C$117M | C$66.8M |
| Free cash flow | C$123M | C$86.2M | C$105M | C$105M | C$93.2M |
| Capital expenditure | C$340M | C$324M | C$298M | C$91.6M | C$54.9M |
| Total debt | C$440M | C$441M | C$441M | C$278M | C$281M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Westshore Terminals Investment WTE.TO | $1.90B | +16% | -16% | 33% | 26.3× | 11.9% |
| Teck Resources TECK-B.TO | $29.9B | +3% | +44% | 34% | 16.2× | 4.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WTE.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.1% | 0.0% | 9th lowest of 21 |
| 6-month return | +16.1% | -2.9% | 3rd highest of 21 |
| Distance from 52-week high | -6.1% | -15.4% | 5th highest of 21 |
| Revenue growth (TTM) | -15.8% | +4.5% | lowest of 21 |
| Operating margin | 33.0% | 15.7% | 4th highest of 21 |
| Forward P/E | 26.3× | 11.2× | 2nd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 11.9% | -7.0% | 2nd most demanding of 13 |
| Growth delivered (Del g) | -2.6% | +5.5% | lowest of 13 |
| Hurdle (Req g minus delivered) | +14.5 pp | -12.6 pp | most demanding of 13 |
| ROIC minus cost of capital | +1.1 pp | -0.1 pp | 10th highest of 21 |
| EV / EBITDA | 20.9× | 10.8× | 3rd most expensive of 13 |
| Net debt / EBITDA | 2.3× | 2.8× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Westshore Terminals Investment WTE.TO | Canada | $1.90B | +16% | -16% | 33% | 26.3× | 11.9% | -2.6% |
| Tianjin Port 600717.SS | China | $1.89B | -2% | -8% | 18% | n/a | -14.6% | -1.6% |
| Hainan Strait Shipping 002320.SZ | China | $1.88B | -34% | +4% | 23% | 70.1× | -0.5% | +36.7% |
| Hutchison Port Holdings Trust NS8U.SI | Singapore | $1.96B | +7% | +5% | 42% | 15.3× | -10.5% | +1.7% |
| NANKAI 9044.T | Japan | $2.03B | 0% | +7% | 15% | 13.1× | n/a | n/a |
| Shenzhen Airport 000089.SZ | China | $2.08B | -5% | +5% | 17% | 14.2× | -6.4% | +11.4% |
| Hamburger Hafen und Logistik HHFA.DE | Germany | $1.72B | -2% | +3% | 7% | n/a | n/a | n/a |
| Evergreen Aviation Technologies 2645.TW | Taiwan | $1.67B | -8% | +10% | 17% | 16.2× | -1.0% | +11.2% |
| Comfortdelgro C52.SI | Singapore | $2.19B | -10% | +9% | 9% | 15.0× | -8.2% | +9.3% |
| FirstGroup FGP.L | United Kingdom | $1.60B | +40% | -6% | 5% | 11.4× | -7.6% | +1.9% |
| Dongguan Development (Holdings) 000828.SZ | China | $1.57B | -3% | -4% | 39% | 10.7× | 0.7% | +4.4% |
| Sotetsu 9003.T | Japan | $1.55B | -4% | +9% | 13% | 10.1× | n/a | n/a |
| Shreeji Shipping Global SHREEJISPG.NS | India | $1.53B | +111% | +21% | 24% | n/a | n/a | n/a |
| Nagoya Railroad 9048.T | Japan | $2.38B | +8% | -2% | 5% | 11.0× | n/a | n/a |
| Fujian Expressway Development 600033.SS | China | $1.51B | +1% | -3% | 47% | n/a | -16.1% | +5.6% |
| Shenzhen International 0152.HK | Hong Kong | $1.49B | -35% | +15% | 11% | 6.1× | n/a | n/a |
| SIA Engineering S59.SI | Singapore | $2.51B | -10% | -3% | 3% | 17.7× | 19.3% | +26.3% |
| Henan Zhongyuan Expressway 600020.SS | China | $1.43B | +5% | -11% | 20% | 9.4× | 5.9% | +5.4% |
| Xiamen Xiangyu 600057.SS | China | $2.59B | -14% | +9% | 1% | 8.7× | n/a | n/a |
| Nishi-Nippon Railroad 9031.T | Japan | $1.37B | 0% | +10% | 7% | 9.0× | n/a | n/a |
| Qinhuangdao Port 601326.SS | China | $2.70B | -5% | +2% | 23% | 10.3× | -10.9% | +2.7% |