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BQE WATER INC (BQE.CA) Stock Fundamental Analysis

TSX-V:BQE - TSX Venture Exchange - CA0556402059 - Common Stock - Currency: CAD

54.01  -0.04 (-0.07%)

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to BQE. 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 not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, BQE could be worth investigating further for growth and quality investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

BQE had positive earnings in the past year.
In the past year BQE had a positive cash flow from operations.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M

1.2 Ratios

BQE has a better Return On Assets (24.29%) than 100.00% of its industry peers.
With an excellent Return On Equity value of 31.28%, BQE belongs to the best of the industry, outperforming 95.83% of the companies in the same industry.
The Return On Invested Capital of BQE (9.14%) is better than 91.67% of its industry peers.
Industry RankSector Rank
ROA 24.29%
ROE 31.28%
ROIC 9.14%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

BQE's Profit Margin of 31.73% is amongst the best of the industry. BQE outperforms 95.83% of its industry peers.
In the last couple of years the Profit Margin of BQE has grown nicely.
With an excellent Operating Margin value of 14.01%, BQE belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
BQE's Gross Margin of 47.52% is amongst the best of the industry. BQE outperforms 91.67% 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 14.01%
PM (TTM) 31.73%
GM 47.52%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

8

2. Health

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.
Compared to 5 years ago, BQE has more shares outstanding
Compared to 1 year ago, BQE has an improved debt to assets ratio.
BQE.CA Yearly Shares OutstandingBQE.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

2.2 Solvency

An Altman-Z score of 5.91 indicates that BQE is not in any danger for bankruptcy at the moment.
BQE has a better Altman-Z score (5.91) than 100.00% of its industry peers.
The Debt to FCF ratio of BQE is 2.09, which is a good value as it means it would take BQE, 2.09 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BQE (2.09) is better than 87.50% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that BQE is not too dependend on debt financing.
BQE's Debt to Equity ratio of 0.09 is amongst the best of the industry. BQE outperforms 91.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 2.09
Altman-Z 5.91
ROIC/WACC1.18
WACC7.75%
BQE.CA Yearly LT Debt VS Equity VS FCFBQE.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M 10M 15M 20M

2.3 Liquidity

BQE has a Current Ratio of 4.20. This indicates that BQE is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BQE (4.20) is better than 95.83% of its industry peers.
BQE has a Quick Ratio of 4.20. This indicates that BQE is financially healthy and has no problem in meeting its short term obligations.
BQE has a Quick ratio of 4.20. This is amongst the best in the industry. BQE outperforms 95.83% of its industry peers.
Industry RankSector Rank
Current Ratio 4.2
Quick Ratio 4.2
BQE.CA Yearly Current Assets VS Current LiabilitesBQE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 175.98% over the past year.
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 23.19%.
BQE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.95% yearly.
EPS 1Y (TTM)175.98%
EPS 3Y21.13%
EPS 5Y79.78%
EPS Q2Q%450%
Revenue 1Y (TTM)23.19%
Revenue growth 3Y31.75%
Revenue growth 5Y24.95%
Sales Q2Q%196.89%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
BQE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.65% yearly.
EPS Next Y27.99%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year22.91%
Revenue Next 2Y18.65%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
BQE.CA Yearly Revenue VS EstimatesBQE.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5M 10M 15M 20M 25M
BQE.CA Yearly EPS VS EstimatesBQE.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 1 2 3 4

6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 9.96, the valuation of BQE can be described as reasonable.
Based on the Price/Earnings ratio, BQE is valued cheaper than 95.83% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. BQE is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 11.37, which indicates a very decent valuation of BQE.
BQE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BQE is cheaper than 79.17% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, BQE is valued a bit cheaper.
Industry RankSector Rank
PE 9.96
Fwd PE 11.37
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 is on the same level as its industry peers.
BQE's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 64.88
EV/EBITDA 17.09
BQE.CA Per share dataBQE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
PEG (NY)0.36
PEG (5Y)0.12
EPS Next 2YN/A
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

BQE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

BQE WATER INC

TSX-V:BQE (7/11/2025, 7:00:00 PM)

54.01

-0.04 (-0.07%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)05-29 2025-05-29/amc
Earnings (Next)08-25 2025-08-25
Inst Owners0.34%
Inst Owner ChangeN/A
Ins Owners52.79%
Ins Owner ChangeN/A
Market Cap69.67M
Analysts86.67
Price Target81.6 (51.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)354.13%
Min EPS beat(2)91.75%
Max EPS beat(2)616.51%
EPS beat(4)3
Avg EPS beat(4)178.64%
Min EPS beat(4)-52.01%
Max EPS beat(4)616.51%
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)64.1%
Min Revenue beat(2)-5%
Max Revenue beat(2)133.2%
Revenue beat(4)1
Avg Revenue beat(4)26.26%
Min Revenue beat(4)-19.09%
Max Revenue beat(4)133.2%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.77%
Valuation
Industry RankSector Rank
PE 9.96
Fwd PE 11.37
P/S 3.15
P/FCF 64.88
P/OCF 41.59
P/B 3.11
P/tB 3.12
EV/EBITDA 17.09
EPS(TTM)5.42
EY10.04%
EPS(NY)4.75
Fwd EY8.79%
FCF(TTM)0.83
FCFY1.54%
OCF(TTM)1.3
OCFY2.4%
SpS17.14
BVpS17.39
TBVpS17.29
PEG (NY)0.36
PEG (5Y)0.12
Profitability
Industry RankSector Rank
ROA 24.29%
ROE 31.28%
ROCE 12.7%
ROIC 9.14%
ROICexc 16.76%
ROICexgc 16.92%
OM 14.01%
PM (TTM) 31.73%
GM 47.52%
FCFM 4.86%
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
ROICexcg growth 3YN/A
ROICexcg 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-Score4
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 2.09
Debt/EBITDA 0.55
Cap/Depr 129.54%
Cap/Sales 2.72%
Interest Coverage 21.18
Cash Conversion 47.03%
Profit Quality 15.3%
Current Ratio 4.2
Quick Ratio 4.2
Altman-Z 5.91
F-Score4
WACC7.75%
ROIC/WACC1.18
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)175.98%
EPS 3Y21.13%
EPS 5Y79.78%
EPS Q2Q%450%
EPS Next Y27.99%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)23.19%
Revenue growth 3Y31.75%
Revenue growth 5Y24.95%
Sales Q2Q%196.89%
Revenue Next Year22.91%
Revenue Next 2Y18.65%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y26.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.85%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y237.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y365.91%
OCF growth 3YN/A
OCF growth 5YN/A