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.
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. BQE is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make BQE suitable 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.
- 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.
1.2 Ratios
- BQE has a better Return On Assets (21.87%) than 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 95.83% of its industry peers.
- BQE has a Return On Invested Capital of 13.85%. This is amongst the best in 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's Operating Margin of 17.34% is amongst the best of the industry. BQE outperforms 91.67% of its industry peers.
- BQE has a Gross Margin of 41.38%. This is in the better half 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
- BQE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
- BQE has a better debt/assets ratio than last year.
2.2 Solvency
- BQE has an Altman-Z score of 8.10. This indicates that BQE is financially healthy and has little risk of bankruptcy at the moment.
- BQE has a better Altman-Z score (8.10) 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.
- 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.
- 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 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.
- The Current ratio of BQE (5.41) is better than 95.83% 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.
- BQE has a Quick ratio of 5.41. This is amongst the best in the industry. BQE outperforms 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.
- 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%.
- BQE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.95% yearly.
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.
- 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
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. BQE.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 11.68, the valuation of BQE can be described as very reasonable.
- Based on the Price/Earnings ratio, BQE is valued cheaply inside the industry as 95.83% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of BQE to the average of the S&P500 Index (26.29), we can say BQE is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 10.76, the valuation of BQE can be described as reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of BQE indicates a rather cheap valuation: BQE is cheaper than 91.67% of the companies listed in the same industry.
- 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
- BQE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BQE is cheaper than 66.67% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of BQE indicates a somewhat cheap valuation: BQE is cheaper than 70.83% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.14 | ||
| EV/EBITDA | 11.7 |
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.
- 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.