Chesswood Group Limited (T:CHW)
Business Focus: Corporate Financial Services (NEC)
| Sector: Financials | Industry: Corporate Financial Services |
| Company Contact | |
| Address: | 1133 Yonge Street, Suite 603 TORONTO ON M4T 2Y7 |
| Tel: | N/A |
| Website: | https://www.chesswoodgroup.com |
| IR: | See website |
| Key People | ||
| Ryan Marr President, Chief Executive Officer, Director | Tobias Rajchel Chief Financial Officer, Secretary | |
| Business Overview |
| Chesswood Group Limited is a Canada-based holding company. The Company, through its subsidiaries, engages in the business of specialty finance, including equipment finance throughout North America and vehicle finance and legal sector finance in Canada, as well as the origination and management of private credit alternatives for North American investors. Its subsidiaries include Pawnee Leasing Corporation (Pawnee), Tandem Finance Inc. (Tandem), Vault Credit Corporation (Vault Credit), Rifco National Auto Finance Corporation and others. Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through a third-party broker channel. Tandem, which sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States. Vault Credit provides commercial equipment financing and loans to small and medium-sized businesses across Canada. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Chesswood Group Ltd revenues increased 14% to C$316.4M. Net loss totaled C$29.7M vs. income of C$28.5M. Revenues reflect Canada segment increase of 31% to C$164.3M, United States segment increase of 1% to C$152M. Net loss reflects General and administrative expenses increase of 17% to C$53.8M (expense), Amortization increase of 14% to C$2.8M (expense). |
| Employees: | 409 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,080M as of Dec 31, 2023 |
| Annual revenue (TTM): | $316.37M as of Dec 31, 2023 |
| EBITDA (TTM): | -$10.31M as of Dec 31, 2023 |
| Net annual income (TTM): | -$29.71M as of Dec 31, 2023 |
| Free cash flow (TTM): | $254.79M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,945M as of Dec 31, 2023 |
| Shares outstanding: | 18,498,452 as of Mar 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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