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

TSX-V:BQE • CA0556402059

69.5 CAD
+2 (+2.96%)
Last: Mar 10, 2026, 07:00 PM
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This BQE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

8

BQE gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 24 industry peers in the Commercial Services & Supplies industry. Both the health and profitability get an excellent rating, making BQE a very profitable company, without any liquidiy or solvency issues. An interesting combination arises when we look at growth and value: BQE is growing strongly while it also seems undervalued. These ratings would make BQE suitable for value and growth and quality investing!


Dividend Valuation Growth Profitability Health

7

1. BQE.CA Profitability Analysis

1.1 Basic Checks

  • In the past year BQE was profitable.
  • BQE had a positive operating cash flow in the past year.
  • BQE had positive earnings in each of the past 5 years.
  • 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 has a Return On Assets of 21.87%. This is amongst the best in the industry. BQE outperforms 100.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 27.35%, BQE belongs to the top of the industry, outperforming 95.83% of the companies in the same industry.
  • BQE has a better Return On Invested Capital (13.85%) than 95.83% of its industry peers.
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 Profit Margin of 22.86%. This is amongst the best in the industry. BQE outperforms 95.83% of its industry peers.
  • In the last couple of years the Profit Margin of BQE has grown nicely.
  • Looking at the Operating Margin, with a value of 17.34%, BQE belongs to the top of the industry, outperforming 91.67% 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 75.00% of its industry peers.
  • BQE's Gross Margin has been stable in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. BQE.CA Health Analysis

2.1 Basic Checks

  • BQE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, BQE has more shares outstanding
  • The number of shares outstanding for BQE has been increased compared to 5 years ago.
  • The debt/assets ratio for BQE has been reduced compared to a year ago.
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 8.43. This indicates that BQE is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of BQE (8.43) is better than 100.00% of its industry peers.
  • BQE has a debt to FCF ratio of 0.68. This is a very positive value and a sign of high solvency as it would only need 0.68 years to pay back of all of its debts.
  • The Debt to FCF ratio of BQE (0.68) is better than 100.00% of its industry peers.
  • BQE has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of BQE (0.08) is better than 95.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.68
Altman-Z 8.43
ROIC/WACC1.74
WACC7.95%
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

  • A Current Ratio of 5.41 indicates that BQE has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 5.41, BQE belongs to the top of the industry, outperforming 95.83% of the companies in the same industry.
  • A Quick Ratio of 5.41 indicates that BQE has no problem at all paying its short term obligations.
  • The Quick ratio of BQE (5.41) is better than 95.83% of its industry peers.
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.
  • The Earnings Per Share has been growing by 79.78% on average over the past years. This is a very strong growth
  • Looking at the last year, BQE shows a very strong growth in Revenue. The Revenue has grown by 82.90%.
  • Measured over the past years, BQE shows a very strong growth in Revenue. The Revenue has been growing by 24.95% on average per year.
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

  • The Earnings Per Share is expected to grow by 23.89% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 35.67% on average over the next years. This is a very strong growth
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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Find the best growth stocksShow best growing peers

8

4. BQE.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.19, which indicates a correct valuation of BQE.
  • Compared to the rest of the industry, the Price/Earnings ratio of BQE indicates a rather cheap valuation: BQE is cheaper than 95.83% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.25. BQE is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 11.23, the valuation of BQE can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, BQE is valued cheaper than 91.67% of the companies in the same industry.
  • BQE is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.39, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.19
Fwd PE 11.23
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BQE indicates a somewhat cheap valuation: BQE is cheaper than 66.67% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, BQE is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 26.23
EV/EBITDA 12.31
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.
  • BQE has a very decent profitability rating, which 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)0.2
PEG (5Y)0.15
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

  • No dividends for BQE!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

BQE.CA Fundamentals: All Metrics, Ratios and Statistics

BQE WATER INC

TSX-V:BQE (3/10/2026, 7:00:00 PM)

69.5

+2 (+2.96%)

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 Cap90.35M
Revenue(TTM)32.47M
Net Income(TTM)7.42M
Analysts86.67
Price Target91.8 (32.09%)
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 12.19
Fwd PE 11.23
P/S 2.78
P/FCF 26.23
P/OCF 24
P/B 3.33
P/tB 3.34
EV/EBITDA 12.31
EPS(TTM)5.7
EY8.2%
EPS(NY)6.19
Fwd EY8.91%
FCF(TTM)2.65
FCFY3.81%
OCF(TTM)2.9
OCFY4.17%
SpS24.98
BVpS20.88
TBVpS20.81
PEG (NY)0.2
PEG (5Y)0.15
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 8.43
F-Score6
WACC7.95%
ROIC/WACC1.74
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 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.