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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
Tel: N/A
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: $2,076M 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