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    Industrials

  3. •

    Marine Shipping
Westshore Terminals Investment Corporation

Westshore Terminals Investment Corporation

WTSHF
Westshore Terminals Investment CorporationUS flagOther OTC
30.58
USD
- -
- -
1.89BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.98
4.2
4.93
4.4
4.56
5.25
5.93
5.7
5.38
4.7
6.09
6.52
5.23
5.38
Basic EPS, GAAP
1.8
1.76
2.06
1.62
1.51
1.76
2.09
1.96
1.7
1.06
1.86
1.86
1.47
1.6
Free Cash Flow per Basic Share
2.37
1.91
2.67
1.55
1.84
2.37
2.46
2.73
2.05
2.26
3.03
6.38
6.55
6.66
Dividend per Share
1.26
1.32
1.32
0.64
0.64
0.64
0.64
0.64
1.31
2.65
1.35
1.83
1.5
1.5
Book Value per Share
6.4
6.7
7.34
8.49
8.67
9.16
10.64
11.45
12.46
11.27
11.67
11.69
11.97
12.01
Tangible Book Value per Share
1.48
1.78
2.41
3.53
3.63
3.88
5.16
5.8
6.55
5.35
5.69
5.66
5.85
5.89
Basic Weighted Avg Shares
74
74
74
74
72
69
67
65
63
63
63
62
62
62
Sales/Revenue/Turnover
296
312
366
324
330
363
395
368
340
297
381
405
323
332
Operating Margin (%)
50.84
52.55
56.73
50.99
45.54
50.34
51
50
46.21
34.13
42.61
44.43
30.1
32.38
Depreciation Expense
12
11
10
13
17
23
25
26
28
30
31
34
33
33
Net Income, GAAP
133
130
153
119
109
122
139
127
108
67
117
115
91
99
Effective Tax Rate (%)
25.84
26.12
26.01
26.03
26.54
28.11
27.02
27.03
26.99
27.08
27.03
27.04
27.05
27.04
Profit Margin (%)
45.12
41.8
41.81
36.81
33.15
33.61
35.25
34.45
31.67
22.51
30.59
28.48
28.08
29.68
Working Capital
11
37
38
40
19
-8
98
157
203
117
83
-19
-33
-3
LT Debt
- -
- -
- -
- -
291
289
286
283
281
278
275
441
440
439
Total Equity
475
498
544
626
628
634
710
741
788
713
730
726
739
742
Return on Invested Capital (%)
23.17
24.35
29.05
20.73
14.27
14.21
15.27
13.24
10.92
7.16
11.75
11.96
6.02
6.71
Return on Capital (%)
28.98
26.81
29.36
20.93
14.48
14.2
15.44
13.38
11.1
7.29
12.44
12.11
9.09
9.82
Return on Common Equity (%)
29.35
26.81
29.36
20.42
17.45
19.36
20.75
17.5
14.1
8.9
16.16
15.84
12.38
13.59

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
440
440
439
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
62
62
62
Market Capitalization
1,531
1,651
2,074

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
175
223
183
Cash, Cash Equivalents & STI
69
126
102
Accounts Receivable, Net
67
71
57
Inventories
23
23
23
Total Current Liabilities
237
256
186
Payables & Accruals
234
232
181
ST Debt
1
1
1
Deferred Revenue
2
23
4

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.32%
0.11%
1.82%
Free Cash Flow
13.22%
25.5%
2.15%
Net Income, GAAP
-1.46%
-0.22%
-21.3%
Sales/Revenue/Turnover
-0.35%
-1.2%
-20.19%
Total Cash Common Dividend
10.35%
33.49%
-18.41%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
85
106
103
111
405
2025
83
95
76
69
323
2026
92
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.56
0.55
- -
1.86
2025
0.19
0.42
0.21
- -
1.47
2026
0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.73
0.38
- -
1.83
2025
0.38
0.37
0.38
- -
1.5
2026
0.38
- -
- -
- -
- -

Company Description

APIChat
CEO
Glenn Dalziel Dudar
Full Time Employees
423
Sector
Industrials
Industry
Marine Shipping
Address
1067 West Cordova Street Vancouver BC Canada V6C 1C7
IPO Date
Mar 21, 2006
Website
westshore.com
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Business
Westshore Terminals Investment Corporation owns all limited partnership units of Westshore Terminals Limited Partnership and operates Canada's largest coal export terminal at Roberts Bank in Delta, British Columbia; the terminal provides train unloading, coal stockpiling, and vessel loading services with annual capacity exceeding 33 million tonnes of metallurgical and thermal coal received via unit trains from mines in British Columbia, Alberta, and the northwestern United States, primarily shipped to customers in Japan, Korea, China, and 13 other countries worldwide. Westshore generates revenue from throughput handling charges without taking title to the coal and services major railroads including Canadian Pacific Kansas City, BNSF Railway, and Canadian National Railway. Founded in 1970 and headquartered at Suite 1800, 1067 West Cordova Street, Vancouver, British Columbia V6C 1C7, Canada, the company employs approximately 423 people in the marine shipping industry, focusing on bulk commodity exports from North America. Recent major developments include a multi-year agreement with BHP Canada Inc., a subsidiary of BHP Group Limited, to upgrade terminal infrastructure for potash handling from BHP's Jansen Mine in Saskatchewan; by end-2024, Westshore invested $545 million in the project, fully reimbursed by BHP subject to a 5% holdback, featuring a new potash dumper, storage building, conveying systems, and dual-purpose shiploaders supplied by ALPINE capable of handling both potash and coal, with potash services targeted for 2026 availability; in January 2025, ALPINE secured a contract for shiploader and conveyor installation on Berth 2 amid brownfield site constraints. In 2024, the terminal loaded 26.8 million tonnes of cargo despite weather disruptions and unscheduled maintenance, projecting 26.5 million tonnes for 2025 at an average rate of $13.55 per tonne; additionally, a December 2024 fire damaged one stacker-reclaimer, requiring two months for structural repairs, but operations continue normally with the remaining three units. The company completed prior infrastructure reinvestments, including stacker-reclaimer and shiploader replacements, boosting capacity and efficiency while reducing bulldozing needs by an estimated 45%.