BQE WATER INC (BQE.CA) Fundamental Analysis & Valuation
TSX-V:BQE • CA0556402059
66.6 CAD
-2.4 (-3.48%)
Last: Mar 6, 2026, 07:00 PM
This BQE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, BQE scores 8 out of 10 in our fundamental rating. BQE was compared to 24 industry peers in the Commercial Services & Supplies industry. BQE has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. BQE is growing strongly while it also seems undervalued. This is an interesting combination With these ratings, BQE could be worth investigating further for value and growth and quality investing!.
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.
- BQE had positive earnings in each of the past 5 years.
- In multiple years BQE reported negative operating cash flow during the last 5 years.
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.
- The Return On Equity of BQE (27.35%) is better than 95.83% of its industry peers.
- BQE's Return On Invested Capital of 13.85% is amongst the best of the industry. BQE outperforms 95.83% of its industry peers.
| Industry Rank | Sector 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
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.
- BQE's Profit Margin has improved in the last couple of years.
- BQE has a Operating Margin of 17.34%. This is amongst the best in the industry. BQE outperforms 91.67% of its industry peers.
- 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 Rank | Sector 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%
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.
- BQE has more shares outstanding than it did 1 year ago.
- BQE has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for BQE has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 8.10 indicates that BQE is not in any danger for bankruptcy at the moment.
- BQE has a better Altman-Z score (8.10) 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.
- BQE has a Debt to FCF ratio of 0.68. This is amongst the best in the industry. BQE outperforms 100.00% of its industry peers.
- A Debt/Equity ratio of 0.08 indicates that BQE is not too dependend on debt financing.
- BQE's Debt to Equity ratio of 0.08 is amongst the best of the industry. BQE outperforms 95.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.68 | ||
| Altman-Z | 8.1 |
ROIC/WACC1.74
WACC7.95%
2.3 Liquidity
- A Current Ratio of 5.41 indicates that BQE has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 5.41, BQE belongs to the best of the industry, outperforming 95.83% of the companies in the same industry.
- 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.
- BQE has a better Quick ratio (5.41) than 95.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.41 | ||
| Quick Ratio | 5.41 |
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
- BQE shows a strong growth in Revenue. In the last year, 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
- Based on estimates for the next years, BQE will show a very strong growth in Earnings Per Share. The EPS will grow by 23.89% on average per year.
- 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.
4. BQE.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 11.68 indicates a reasonable 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.
- BQE is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 10.76, the valuation of BQE can be described as very reasonable.
- 91.67% of the companies in the same industry are more expensive than BQE, based on the Price/Forward Earnings ratio.
- BQE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.60.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | 10.76 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are more expensive than BQE, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, BQE is valued a bit cheaper than the industry average as 70.83% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.14 | ||
| EV/EBITDA | 11.7 |
4.3 Compensation for Growth
- BQE's 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.
- BQE's earnings are expected to grow with 23.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.19
PEG (5Y)0.15
EPS Next 2Y29.17%
EPS Next 3Y23.89%
5. BQE.CA Dividend Analysis
5.1 Amount
- BQE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
BQE.CA Fundamentals: All Metrics, Ratios and Statistics
TSX-V:BQE (3/6/2026, 7:00:00 PM)
66.6
-2.4 (-3.48%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-27 2025-11-27/amc
Earnings (Next)04-22 2026-04-22
Inst Owners0.15%
Inst Owner ChangeN/A
Ins Owners42.57%
Ins Owner ChangeN/A
Market Cap86.58M
Revenue(TTM)32.47M
Net Income(TTM)7.42M
Analysts86.67
Price Target91.8 (37.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | 10.76 | ||
| P/S | 2.67 | ||
| P/FCF | 25.14 | ||
| P/OCF | 23 | ||
| P/B | 3.19 | ||
| P/tB | 3.2 | ||
| EV/EBITDA | 11.7 |
EPS(TTM)5.7
EY8.56%
EPS(NY)6.19
Fwd EY9.29%
FCF(TTM)2.65
FCFY3.98%
OCF(TTM)2.9
OCFY4.35%
SpS24.98
BVpS20.88
TBVpS20.81
PEG (NY)0.19
PEG (5Y)0.15
Graham Number51.74
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 8.1 |
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.