BQE WATER INC (BQE.CA) Fundamental Analysis & Valuation

TSX-V:BQE • CA0556402059

Current stock price

63.05 CAD
+0.25 (+0.4%)
Last:

This BQE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. BQE.CA Profitability Analysis

1.1 Basic Checks

  • BQE had positive earnings in the past year.
  • BQE had a positive operating cash flow in the past year.
  • Each year in the past 5 years BQE has been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: BQE reported negative operating cash flow in multiple years.
BQE.CA Yearly Net Income VS EBIT VS OCF VS FCFBQE.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M

1.2 Ratios

  • BQE's Return On Assets of 21.87% is amongst the best of the industry. BQE outperforms 100.00% of its industry peers.
  • BQE has a Return On Equity of 27.35%. This is amongst the best in the industry. BQE outperforms 95.65% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.85%, BQE belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
Industry RankSector Rank
ROA 21.87%
ROE 27.35%
ROIC 13.85%
ROA(3y)13.04%
ROA(5y)13.87%
ROE(3y)16.68%
ROE(5y)17.54%
ROIC(3y)N/A
ROIC(5y)N/A
BQE.CA Yearly ROA, ROE, ROICBQE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

  • BQE has a better Profit Margin (22.86%) than 95.65% of its industry peers.
  • BQE's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 17.34%, BQE belongs to the top of the industry, outperforming 91.30% of the companies in the same industry.
  • BQE's Gross Margin of 41.38% is fine compared to the rest of the industry. BQE outperforms 69.57% of its industry peers.
  • In the last couple of years the Gross Margin of BQE has remained more or less at the same level.
Industry RankSector Rank
OM 17.34%
PM (TTM) 22.86%
GM 41.38%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.21%
PM growth 5Y45.58%
GM growth 3Y1.06%
GM growth 5Y-0.64%
BQE.CA Yearly Profit, Operating, Gross MarginsBQE.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

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9

2. BQE.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BQE is creating some value.
  • The number of shares outstanding for BQE has been increased compared to 1 year ago.
  • The number of shares outstanding for BQE has been increased compared to 5 years ago.
  • Compared to 1 year ago, BQE has an improved debt to assets ratio.
BQE.CA Yearly Shares OutstandingBQE.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200K 400K 600K 800K 1M
BQE.CA Yearly Total Debt VS Total AssetsBQE.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

2.2 Solvency

  • BQE has an Altman-Z score of 7.69. This indicates that BQE is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of BQE (7.69) is better than 100.00% of its industry peers.
  • The Debt to FCF ratio of BQE is 0.68, which is an excellent value as it means it would take BQE, only 0.68 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 0.68, BQE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • BQE has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
  • BQE's Debt to Equity ratio of 0.08 is amongst the best of the industry. BQE outperforms 91.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.68
Altman-Z 7.69
ROIC/WACC1.76
WACC7.85%
BQE.CA Yearly LT Debt VS Equity VS FCFBQE.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M 10M 15M 20M

2.3 Liquidity

  • BQE has a Current Ratio of 5.41. This indicates that BQE is financially healthy and has no problem in meeting its short term obligations.
  • BQE has a Current ratio of 5.41. This is amongst the best in the industry. BQE outperforms 95.65% of its industry peers.
  • BQE has a Quick Ratio of 5.41. This indicates that BQE is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 5.41, BQE belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.41
Quick Ratio 5.41
BQE.CA Yearly Current Assets VS Current LiabilitesBQE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

10

3. BQE.CA Growth Analysis

3.1 Past

  • BQE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 82.69%, which is quite impressive.
  • Measured over the past years, BQE shows a very strong growth in Earnings Per Share. The EPS has been growing by 79.78% on average per year.
  • BQE shows a strong growth in Revenue. In the last year, the Revenue has grown by 82.90%.
  • The Revenue has been growing by 24.95% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)82.69%
EPS 3Y21.13%
EPS 5Y79.78%
EPS Q2Q%-26.13%
Revenue 1Y (TTM)82.9%
Revenue growth 3Y31.75%
Revenue growth 5Y24.95%
Sales Q2Q%36.64%

3.2 Future

  • BQE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.89% yearly.
  • Based on estimates for the next years, BQE will show a very strong growth in Revenue. The Revenue will grow by 35.67% on average per year.
EPS Next Y61.3%
EPS Next 2Y29.17%
EPS Next 3Y23.89%
EPS Next 5YN/A
Revenue Next Year89.94%
Revenue Next 2Y50.23%
Revenue Next 3Y35.67%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BQE.CA Yearly Revenue VS EstimatesBQE.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10M 20M 30M 40M
BQE.CA Yearly EPS VS EstimatesBQE.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 2 4 6

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8

4. BQE.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.06, the valuation of BQE can be described as reasonable.
  • Based on the Price/Earnings ratio, BQE is valued cheaper than 95.65% of the companies in the same industry.
  • BQE is valuated cheaply when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 10.19 indicates a reasonable valuation of BQE.
  • BQE's Price/Forward Earnings ratio is rather cheap when compared to the industry. BQE is cheaper than 86.96% of the companies in the same industry.
  • BQE is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.06
Fwd PE 10.19
BQE.CA Price Earnings VS Forward Price EarningsBQE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 73.91% of the companies in the same industry are more expensive than BQE, based on the Enterprise Value to EBITDA ratio.
  • BQE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BQE is cheaper than 69.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.8
EV/EBITDA 10.95
BQE.CA Per share dataBQE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of BQE may justify a higher PE ratio.
  • A more expensive valuation may be justified as BQE's earnings are expected to grow with 23.89% in the coming years.
PEG (NY)0.18
PEG (5Y)0.14
EPS Next 2Y29.17%
EPS Next 3Y23.89%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BQE.CA Dividend Analysis

5.1 Amount

  • BQE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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BQE.CA Fundamentals: All Metrics, Ratios and Statistics

BQE WATER INC

TSX-V:BQE (3/24/2026, 7:00:00 PM)

63.05

+0.25 (+0.4%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-27
Earnings (Next)04-22
Inst Owners0.15%
Inst Owner ChangeN/A
Ins Owners42.57%
Ins Owner ChangeN/A
Market Cap81.97M
Revenue(TTM)32.47M
Net Income(TTM)7.42M
Analysts86.67
Price Target91.8 (45.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.76%
Min EPS beat(2)17.15%
Max EPS beat(2)20.37%
EPS beat(4)4
Avg EPS beat(4)186.44%
Min EPS beat(4)17.15%
Max EPS beat(4)616.51%
EPS beat(8)5
Avg EPS beat(8)60.3%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)33.51%
Min Revenue beat(2)-18.53%
Max Revenue beat(2)85.55%
Revenue beat(4)2
Avg Revenue beat(4)48.81%
Min Revenue beat(4)-18.53%
Max Revenue beat(4)133.2%
Revenue beat(8)3
Avg Revenue beat(8)21.49%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)12.5%
PT rev (3m)12.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.06
Fwd PE 10.19
P/S 2.52
P/FCF 23.8
P/OCF 21.78
P/B 3.02
P/tB 3.03
EV/EBITDA 10.95
EPS(TTM)5.7
EY9.04%
EPS(NY)6.19
Fwd EY9.82%
FCF(TTM)2.65
FCFY4.2%
OCF(TTM)2.9
OCFY4.59%
SpS24.98
BVpS20.88
TBVpS20.81
PEG (NY)0.18
PEG (5Y)0.14
Graham Number51.74
Profitability
Industry RankSector Rank
ROA 21.87%
ROE 27.35%
ROCE 19.23%
ROIC 13.85%
ROICexc 33.01%
ROICexgc 33.24%
OM 17.34%
PM (TTM) 22.86%
GM 41.38%
FCFM 10.61%
ROA(3y)13.04%
ROA(5y)13.87%
ROE(3y)16.68%
ROE(5y)17.54%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.21%
PM growth 5Y45.58%
GM growth 3Y1.06%
GM growth 5Y-0.64%
F-Score6
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.68
Debt/EBITDA 0.35
Cap/Depr 62%
Cap/Sales 0.98%
Interest Coverage 27.61
Cash Conversion 61.23%
Profit Quality 46.4%
Current Ratio 5.41
Quick Ratio 5.41
Altman-Z 7.69
F-Score6
WACC7.85%
ROIC/WACC1.76
Cap/Depr(3y)81.07%
Cap/Depr(5y)74.58%
Cap/Sales(3y)1.96%
Cap/Sales(5y)1.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)82.69%
EPS 3Y21.13%
EPS 5Y79.78%
EPS Q2Q%-26.13%
EPS Next Y61.3%
EPS Next 2Y29.17%
EPS Next 3Y23.89%
EPS Next 5YN/A
Revenue 1Y (TTM)82.9%
Revenue growth 3Y31.75%
Revenue growth 5Y24.95%
Sales Q2Q%36.64%
Revenue Next Year89.94%
Revenue Next 2Y50.23%
Revenue Next 3Y35.67%
Revenue Next 5YN/A
EBIT growth 1Y267.26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year74.07%
EBIT Next 3Y34.37%
EBIT Next 5YN/A
FCF growth 1Y500.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y654.67%
OCF growth 3YN/A
OCF growth 5YN/A

BQE WATER INC / BQE.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of BQE WATER INC (BQE.CA) stock?

ChartMill assigns a fundamental rating of 8 / 10 to BQE.CA.


What is the valuation status for BQE stock?

ChartMill assigns a valuation rating of 8 / 10 to BQE WATER INC (BQE.CA). This can be considered as Undervalued.


How profitable is BQE WATER INC (BQE.CA) stock?

BQE WATER INC (BQE.CA) has a profitability rating of 7 / 10.


What is the expected EPS growth for BQE WATER INC (BQE.CA) stock?

The Earnings per Share (EPS) of BQE WATER INC (BQE.CA) is expected to grow by 61.3% in the next year.