Cliffside Capital Ltd. (V:CEP)
Business Focus: Investment Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 11 Church St. Suite 200 TORONTO ON M5E 1W1 |
| Tel: | N/A |
| Website: | https://www.cliffsidecapital.ca |
| IR: | See website |
| Key People | ||
| Michael Leon Stein Chairman of the Board | Stephen Malone Chief Executive Officer, Director | Praveen Gupta Chief Financial Officer, Secretary |
| Business Overview |
| Cliffside Capital Ltd. is a Canada-based company engaged in investing in strategic partnerships. The Company holds investments in three limited partnerships, CAL LP, ACC LP III and CAR LP I. The Partnerships were formed to engage in the business of investing in retail sales/loan contracts originated by CanCap Management Inc. (CCMI) and secured by collateral charges on motor vehicles. The Company owns 85%, 60% and 75% of the partnership units in CAL LP, ACC LP III and CAR LP I respectively, and CCMI owns the remaining interest. The Company holds investments in the automotive financial services segment in Canada. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cliffside Capital Ltd revenues decreased 26% to C$16.5M. Net loss decreased 50% to C$760K. Revenues reflect Mark-to-market (loss) gain on derivative decrease from C$2.6M to -C$907K, Net interest income decrease of 13% to C$16.6M. Lower net loss reflects Provision for credit losses decrease of 34% to C$8M (expense), General and administrative decrease of 72% to C$575K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $103.04M as of Dec 31, 2023 |
| Annual revenue (TTM): | $16.45M as of Dec 31, 2023 |
| EBITDA (TTM): | $15.63M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.76M as of Dec 31, 2023 |
| Free cash flow (TTM): | $70.59M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $100.12M as of Dec 31, 2023 |
| Shares outstanding: | 97,266,667 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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