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Chesswood Group Limited (T:CHW)

Business Focus: Corporate Financial Services

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Sector:  Financials Industry:  Corporate Financial Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 156 Duncan Mill Rd Suite 15
NORTH YORK ON M3B 3N2
Tel: N/A
Website: www.chesswoodgroup.com
IR: See website
Key People
Frederick W. Steiner
Independent Chairman of the Board
Barry W. Shafran
President, Chief Executive Officer, Director
Lisa Stevenson
Director of Finance
Business Overview
Chesswood Group Limited is engaged in financial services businesses. The Company operates through two segments: Equipment Financing-U.S. and Equipment Financing-Canada. The Equipment Financing-U.S. segment is involved in small-ticket equipment leasing and lending to small businesses. The Equipment Financing-Canada segment provides commercial equipment financing to small businesses in Canada. Through its interests in subsidiaries, the Company is engaged in providing micro and small-ticket equipment financing to small businesses; providing working capital loans to small businesses in over 30 states of the United States; providing commercial equipment financing to small and medium businesses in Canada; holding a portfolio of legal finance receivables in the United States.
Financial Overview
For the three months ended 31 March 2019, Chesswood Group Ltd revenues increased 22% to C$30.8M. Net income before extraordinary items decreased 47% to C$2.9M. Revenues reflect United States segment increase of 25% to C$26.1M, Canada segment increase of 8% to C$4.6M. Net income was offset by Other expenses increase of 48% to C$4.4M (expense), Unrealized gain (loss) on interest rate decrease from C$759K (income) to C$503K (expense).
Employees: 126 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $760.02M as of Mar 31, 2019
Annual revenue (TTM): $116.16M as of Mar 31, 2019
EBITDA (TTM): $31.63M as of Mar 31, 2019
Net annual income (TTM): $18.92M as of Mar 31, 2019
Free cash flow (TTM): -$121.54M as of Mar 31, 2019
Net Debt Last Fiscal Year: $618.56M as of Mar 31, 2019
Shares outstanding: 16,260,721 as of Jul 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization