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Wilmington Capital Management Inc (WCM-A) Fair Value & Analysis

Financial Services · CA · Market cap C$34.4M (≈ $24.8M)

What is Wilmington Capital Management Inc really worth?

WC Wilmington Capital Management Inc WCM-A · TO
PriceC$2.75
Fair ValueC$2.63
Upside−4.4%
Quality60/100

A solid business, currently priced close to our fair value of C$2.63.

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Strengths

Highly profitable · 195.8% net margin

Risks

!Weak Growth (revenue 5y −9.0 %/yr)
!negative free cash flow
!Trails peers (3/10)
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 27 out of 100
!Weak on past: 24 out of 100
Evidence: Low Range C$1.97 – C$3.29

Fair value as of: Aug 27, 2026

From 2 valuation models · updated 9 days ago

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

C$3.67 C$1.80 Fair Value C$2.63 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range C$1.80 – C$3.67 · fair‑value band C$1.97 – C$3.29 · the C$2.75 price screens above the C$2.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Wilmington Capital Management Inc (WCM-A) currently trades at C$2.75, while our model-based Fair Value estimate is C$2.63, implying the stock looks roughly 4.6% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Financial Services sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at C$1.1M. Revenue declined 48.1% year over year. It earns a return on equity of 5.9%. The balance sheet holds a net cash position of C$36.2M. Fundamentals as of Aug 27, 2026

Our scenario range runs from C$1.97 (bear case) to C$3.29 (bull case); at C$2.75, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −4%, WCM-A screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$0.1150 per share, which is 4.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
P/B Multiple best evidence C$1.97 C$2.63 C$3.29 55
NCAV (Graham) C$1.55 C$2.07 C$3.10 51
All 2 models by family
Multiples
P/B Multiple best evidence C$1.97 C$2.63 C$3.29 55
Asset-Based
NCAV (Graham) C$1.55 C$2.07 C$3.10 51

Widest divergence: Multiples (C$2.63) versus Asset-Based (C$2.07). Highest evidence: P/B Multiple (55).

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Key figures & financial health

P/E ratio 16.2 as of Jul 13, 2026
P/S ratio 30.8 TTM
EPS (TTM) C$0.1700 price ÷ EPS = P/E 16.2
Net margin −36.0% FY2025
Return on equity 5.9% TTM
Return on assets (EBIT) 0.5% avg 5y
More key figures
Profitability
Operating margin −42.3% TTM
Growth
Revenue (TTM) C$1.1M TTM
Revenue growth (YoY) −48.1% 3y avg +0.7%
EPS growth (YoY) −97.6%
Balance sheet & cash flow
Free cash flow −C$2.9M FY2025
Net cash C$36.2M FY2024

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 58 · Market factors (momentum, volatility) 67

Profitability 9
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Wilmington Capital Management Inc. is a real estate investment firm specializing in alternative real estate assets classes and special situation investments. The firm prefers to invest in real estate and energy sectors.

Full company description

Wilmington Capital Management Inc. is a real estate investment firm specializing in alternative real estate assets classes and special situation investments. The firm prefers to invest in real estate and energy sectors. It owns and operates 38 self-storage facilities with approximately 1.6 million square feet of rentable area in British Columbia, Alberta, Manitoba, and Ontario. In addition, it owns and operates 4 marinas in Ontario, which include approximately 1,700 boat slips and 100 acres of waterfront land. The company was formerly known as Unicorp Inc. and changed its name to Wilmington Capital Management Inc. in March 2002. Wilmington Capital Management Inc. was founded in 1979 and is based in Calgary, Canada with an additional office in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wilmington Capital Management Inc reported revenue of C$1.3M in FY2025 versus C$645K in FY2021, a compound +18.1%/yr. Reported net income was −C$451K in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$1.3M
Latest YoY
−66.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.0%
Avg. revenue growth/yr (29Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.4%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +18.1%/yr
FY21 C$645K
FY22 C$1.2M
FY23 C$3.8M
FY24 C$3.7M
FY25 C$1.3M
Net income
FY21 −C$461K
FY22 C$2.8M
FY23 C$2.3M
FY24 C$372K
FY25 −C$451K

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Cite: Fair Value Calculator (2026). "Wilmington Capital Management Inc Fair Value". https://www.fairvalue-calculator.com/stock/WCM-A

Peer Group

Asset Management · 696 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −4% · Below median
Return on equity (TTM) 6% · Below median
Return on assets −2% · Bottom 25%
Net margin (TTM) 196% · Top 25%
Operating margin (TTM) −42% · Bottom 25%
Revenue growth −48% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 16.2× · Pricier than median
P/B 0.70× · Cheaper than median
P/S (TTM) 22.28× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE27 · sector 40
FUTURE0 · sector 14
PAST24 · sector 24
HEALTH0 · sector 95
DIVIDEND0 · sector 81

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 417.20 kr 824.66 +98%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

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Frequently asked questions

Is Wilmington Capital Management Inc (WCM-A) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of C$2.63 versus a price of C$2.75, about −4% upside (fairly valued).
What is the fair value of WCM-A?
Our model-based fair value for Wilmington Capital Management Inc is C$2.63 (as of Aug 27, 2026), built from audited fundamentals. The current price: C$2.75.
What is the quality score of WCM-A?
Wilmington Capital Management Inc has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Wilmington Capital Management Inc (WCM-A)?
Wilmington Capital Management Inc reported trailing-twelve-month revenue of about C$1.1M (latest available figure, as of Aug 27, 2026).
What is the net profit margin of WCM-A?
The net profit margin of Wilmington Capital Management Inc is about 195.8%, meaning it keeps roughly 195.8% of revenue as net income. Based on the latest reported figures.
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