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Updated 1d ago
BQE logo

BQE Water Inc.TSXV:BQE Stock Report

Market Cap CA$91.1m
Updated 1d ago
Share Price
n/a
1Y31.8%
7D-2.3%
1D-0.1%
Portfolio Value
​
View

BQE Water Inc.

TSXV:BQE Stock Report

Market Cap: CA$91.1m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

BQE Water (BQE) Stock Overview

A water treatment company, provides wastewater management services and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. More details

BQE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance1/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 72.2% below our estimate of its fair value

Earnings are forecast to grow 41.82% per year

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings

Profit margins (16.2%) are lower than last year (27.9%)

Does not have a meaningful market cap (CA$91M)


BQE Community Fair Values

Create Narrative

See what 16 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
35.3% undervalued intrinsic discount
AnalystConsensusTarget
•4mo ago

Recurring Water Treatment And Aquatic Toxicity Services Will Support Long Term Earnings Story

28
0
3

Top Community Narratives

BQE logo
BQE Water
13.7% undervalued intrinsic discount

The High-Growth engine in the mining industry trades at an unjustified discount.

View narrative
DA
DanielGC
DanielGC
Published 12 Sep 2025
Read Narrative

Top Community Narratives

BQE logo
BQE Water
13.7% undervalued intrinsic discount

The High-Growth engine in the mining industry trades at an unjustified discount.

View narrative
DA
DanielGC
DanielGC
Published 12 Sep 2025
Read Narrative

Top Analyst Narratives

BQE logo
BQE Water
35.3% undervalued intrinsic discount

Recurring Water Treatment And Aquatic Toxicity Services Will Support Long Term Earnings Story

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Published 26 Apr
Read Narrative
View all narratives

BQE Water Inc. Competitors

BioRem

Symbol: TSXV:BRM
Market cap: CA$54.8m

Anaergia

Symbol: TSX:ANRG
Market cap: CA$420.8m

Grafta Nanotech

Symbol: TSXV:GFTA
Market cap: CA$14.1m

Earthworks Industries

Symbol: TSXV:EWK
Market cap: CA$5.1m

Price History & Performance

Summary of share price highs, lows and changes for BQE Water
Historical stock prices
Current Share PriceCA$69.93
52 Week HighCA$88.50
52 Week LowCA$49.00
Beta0.20
1 Month Change1.35%
3 Month Change-1.35%
1 Year Change31.77%
3 Year Change136.65%
5 Year Change131.17%
Change since IPO39.86%

Recent News & Updates

Analysis Article • Aug 30

BQE Water Inc. Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next

It's shaping up to be a tough period for BQE Water Inc. ( CVE:BQE ), which a week ago released some disappointing...

Recent updates

Analysis Article • Aug 30

BQE Water Inc. Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next

It's shaping up to be a tough period for BQE Water Inc. ( CVE:BQE ), which a week ago released some disappointing...
Analysis Article • May 04

BQE Water's (CVE:BQE) Shareholders May Want To Dig Deeper Than Statutory Profit

The market for BQE Water Inc.'s ( CVE:BQE ) stock was strong after it released a healthy earnings report last week...
User avatar
New Narrative • Apr 26

Recurring Water Treatment And Aquatic Toxicity Services Will Support Long Term Earnings Story

Catalysts About BQE Water BQE Water provides water treatment services and technologies for the mining industry, with a focus on recurring operations and specialized process solutions. What are the underlying business or industry changes driving this perspective?
Analysis Article • Apr 14

Here's Why BQE Water (CVE:BQE) Has Caught The Eye Of Investors

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Dec 27

There's No Escaping BQE Water Inc.'s (CVE:BQE) Muted Earnings Despite A 26% Share Price Rise

BQE Water Inc. ( CVE:BQE ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article • Dec 19

Does BQE Water (CVE:BQE) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Sep 02

News Flash: One Analyst Just Made A Massive Upgrade To Their BQE Water Inc. (CVE:BQE) Forecasts

BQE Water Inc. ( CVE:BQE ) shareholders will have a reason to smile today, with the covering analyst making substantial...
Analysis Article • May 27

Returns Are Gaining Momentum At BQE Water (CVE:BQE)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • Apr 08

Here's Why BQE Water (CVE:BQE) Has Caught The Eye Of Investors

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Mar 12

Market Cool On BQE Water Inc.'s (CVE:BQE) Earnings

With a median price-to-earnings (or "P/E") ratio of close to 15x in Canada, you could be forgiven for feeling...
Analysis Article • Aug 11

Returns At BQE Water (CVE:BQE) Are On The Way Up

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
Analysis Article • May 03

BQE Water's (CVE:BQE) Earnings Are Of Questionable Quality

BQE Water Inc.'s ( CVE:BQE ) stock was strong after they recently reported robust earnings. However, we think that...
Analysis Article • Apr 10

Why Investors Shouldn't Be Surprised By BQE Water Inc.'s (CVE:BQE) 47% Share Price Surge

BQE Water Inc. ( CVE:BQE ) shares have continued their recent momentum with a 47% gain in the last month alone. The...
Analysis Article • Mar 14

BQE Water's (CVE:BQE) Returns On Capital Are Heading Higher

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article • Sep 19

Investors Will Want BQE Water's (CVE:BQE) Growth In ROCE To Persist

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Analysis Article • Apr 24

Does BQE Water (CVE:BQE) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Analysis Article • Sep 02

BQE Water's (CVE:BQE) Profits Appear To Have Quality Issues

Following the solid earnings report from BQE Water Inc. ( CVE:BQE ), the market responded by bidding up the stock...
Analysis Article • Mar 24

Here's Why I Think BQE Water (CVE:BQE) Is An Interesting Stock

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article • Feb 17

Do Its Financials Have Any Role To Play In Driving BQE Water Inc.'s (CVE:BQE) Stock Up Recently?

BQE Water (CVE:BQE) has had a great run on the share market with its stock up by a significant 26% over the last three...
Analysis Article • Dec 15

Here's Why We Think BQE Water (CVE:BQE) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Analysis Article • Nov 19

BQE Water Inc. (CVE:BQE) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

With its stock down 4.7% over the past week, it is easy to disregard BQE Water (CVE:BQE). However, the company's...

Shareholder Returns

BQECA Commercial ServicesCA Market
7D-2.3%-0.7%-1.6%
1Y31.8%-19.7%21.9%

Return vs Industry: BQE exceeded the Canadian Commercial Services industry which returned -18.6% over the past year.

Return vs Market: BQE exceeded the Canadian Market which returned 21.8% over the past year.

Price Volatility

Is BQE's price volatile compared to industry and market?
BQE volatility
BQE Average Weekly Movement5.5%
Commercial Services Industry Average Movement7.5%
Market Average Movement9.1%
10% most volatile stocks in CA Market16.1%
10% least volatile stocks in CA Market3.6%

Stable Share Price: BQE has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: BQE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aDavid Kratochvilbqewater.com

BQE Water Inc., a water treatment company, provides wastewater management services and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. It offers water treatment solutions for mine drainage, waste rock piles, tailings water, groundwater, and lime plant influent and/or effluent streams for treating metals, sulphate, selenium, nitrate, and cyanide in the mining sector; smelting and refining services for treating metals and sulphate; and hydrometallurgy services for the treatment of metals, cyanide, and acids. The company’s metal recovery and removal technologies include BioSulphide and ChemSulphide technologies, which use biological or chemical sources of sulphide to remove dissolved metals from mining wastewater; and Met-IX technology that treats wastewater.

BQE Water Inc. Fundamentals Summary

How do BQE Water's earnings and revenue compare to its market cap?
BQE fundamental statistics
Market capCA$91.07m
Earnings (TTM)CA$5.00m
Revenue (TTM)CA$30.86m
18.2x
P/E Ratio
2.9x
P/S Ratio

Is BQE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BQE income statement (TTM)
RevenueCA$30.86m
Cost of RevenueCA$17.07m
Gross ProfitCA$13.79m
Other ExpensesCA$8.79m
EarningsCA$5.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Sep 23, 2026

Earnings per share (EPS)3.85
Gross Margin44.68%
Net Profit Margin16.21%
Debt/Equity Ratio4.0%

How did BQE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 01:02
End of Day Share Price 2026/09/16 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BQE Water Inc. is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas CortellucciAtrium Research
Sara ElfordCanaccord Genuity
Massimo FioreCantor Fitzgerald Canada Corporation

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