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Chesswood Group Limited (T:CHW)

Business Focus: Corporate Financial Services

Sector:  Financials Industry:  Corporate Financial Services
See Regulatory Filings on SEDAR
Company Contact
Address: 156 Duncan Mill Rd Suite 15
Tel: N/A
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 nine months ended 30 September 2019, Chesswood Group Ltd revenues increased 16% to C$94.1M. Net income before extraordinary items decreased 42% to C$9.4M. Revenues reflect Equipment finance-U.S segment increase of 19% to C$80.2M, Equipment Financing - Canada segment increase of 4% to C$13.7M, United States segment increase of 19% to C$80.2M, Canada segment increase of 3% to C$13.9M.
Employees: 126 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $774.68M as of Sep 30, 2019
Annual revenue (TTM): $123.62M as of Sep 30, 2019
EBITDA (TTM): $26.39M as of Sep 30, 2019
Net annual income (TTM): $14.52M as of Sep 30, 2019
Free cash flow (TTM): -$91.77M as of Sep 30, 2019
Net Debt Last Fiscal Year: $659.06M as of Sep 30, 2019
Shares outstanding: 16,247,961 as of Nov 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization