company background image
BQE

BQE Water TSXV:BQE Stock Report

Last Price

CA$29.00

Market Cap

CA$36.2m

7D

-3.3%

1Y

-10.8%

Updated

29 Jun, 2022

Data

Company Financials
BQE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends0/6

BQE Stock Overview

BQE Water Inc., a water treatment company, provides wastewater management and treatment services to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally.

BQE Water Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BQE Water
Historical stock prices
Current Share PriceCA$29.00
52 Week HighCA$32.75
52 Week LowCA$24.00
Beta1.07
1 Month Change-10.77%
3 Month Change18.37%
1 Year Change-10.77%
3 Year Change332.84%
5 Year Change480.00%
Change since IPO-42.00%

Recent News & Updates

Apr 24
Does BQE Water (CVE:BQE) Deserve A Spot On Your Watchlist?

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...

Shareholder Returns

BQECA Commercial ServicesCA Market
7D-3.3%3.3%0.3%
1Y-10.8%-23.8%-3.7%

Return vs Industry: BQE exceeded the Canadian Commercial Services industry which returned -23.9% over the past year.

Return vs Market: BQE underperformed the Canadian Market which returned -2.9% over the past year.

Price Volatility

Is BQE's price volatile compared to industry and market?
BQE volatility
BQE Average Weekly Movementn/a
Commercial Services Industry Average Movement7.9%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.4%

Stable Share Price: Insufficient data to determine BQE's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine BQE's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aDavid Kratochvilhttps://www.bqewater.com

BQE Water Inc., a water treatment company, provides wastewater management and treatment services to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. It offers water treatment solutions for mine drainage, run-off, waste rock seepage, tailings water, groundwater, and lime plant influent and/or effluent streams for treating metals, sulphate, selenium, nitrate, ammonia, 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 precipitate dissolved metals from mining wastewater; and Met-IX technology that treats wastewater.

BQE Water Fundamentals Summary

How do BQE Water's earnings and revenue compare to its market cap?
BQE fundamental statistics
Market CapCA$36.20m
Earnings (TTM)CA$3.34m
Revenue (TTM)CA$9.00m

10.8x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BQE income statement (TTM)
RevenueCA$9.00m
Cost of RevenueCA$4.97m
Gross ProfitCA$4.03m
Other ExpensesCA$683.18k
EarningsCA$3.34m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.68
Gross Margin44.74%
Net Profit Margin37.15%
Debt/Equity Ratio2.9%

How did BQE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BQE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BQE?

Other financial metrics that can be useful for relative valuation.

BQE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.7x
Enterprise Value/EBITDA95.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BQE's PE Ratio compare to its peers?

BQE PE Ratio vs Peers
The above table shows the PE ratio for BQE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34x
VTX Vertex Resource Group
26.6xn/aCA$39.7m
KUT RediShred Capital
94.9x74.5%CA$63.8m
BLM BluMetric Environmental
3.5xn/aCA$9.9m
BRM BIOREM
7.7xn/aCA$12.4m
BQE BQE Water
10.8xn/aCA$36.2m

Price-To-Earnings vs Peers: BQE is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (34x).


Price to Earnings Ratio vs Industry

How does BQE's PE Ratio compare vs other companies in the North American Commercial Services Industry?

Price-To-Earnings vs Industry: BQE is good value based on its Price-To-Earnings Ratio (10.8x) compared to the Canadian Commercial Services industry average (27.4x)


Price to Earnings Ratio vs Fair Ratio

What is BQE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BQE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BQE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BQE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BQE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BQE's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BQE's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is BQE Water forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


76.3%

Forecasted Commercial Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BQE Water has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Check out BQE Water's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • BQE Water competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has BQE Water performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


69.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BQE has a high level of non-cash earnings.

Growing Profit Margin: BQE's current net profit margins (37.2%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: BQE has become profitable over the past 5 years, growing earnings by 69% per year.

Accelerating Growth: BQE's earnings growth over the past year (404.8%) exceeds its 5-year average (69% per year).

Earnings vs Industry: BQE earnings growth over the past year (404.8%) exceeded the Commercial Services industry -42.1%.


Return on Equity

High ROE: BQE's Return on Equity (29.2%) is considered high.


Discover strong past performing companies

Financial Health

How is BQE Water's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BQE's short term assets (CA$6.4M) exceed its short term liabilities (CA$2.0M).

Long Term Liabilities: BQE's short term assets (CA$6.4M) exceed its long term liabilities (CA$765.7K).


Debt to Equity History and Analysis

Debt Level: BQE has more cash than its total debt.

Reducing Debt: BQE's debt to equity ratio has reduced from 33.8% to 2.9% over the past 5 years.

Debt Coverage: BQE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BQE's interest payments on its debt are well covered by EBIT (13.6x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is BQE Water current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BQE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BQE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BQE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BQE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BQE has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

David Kratochvil

11.17yrs

Tenure

CA$300,279

Compensation

Dr. David Kratochvil, P.Eng., Ph D., has been Chief Executive Officer of BQE Water Inc. (formerly known as BioteQ Environmental Technologies Inc.) since December 2014 and has been its President since April...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD232.88K) is above average for companies of similar size in the Canadian market ($USD174.83K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BQE's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: BQE's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BQE insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BQE Water Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: BQE Water Inc.
  • Ticker: BQE
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Implied Market Cap: CA$36.196m
  • Shares outstanding: 1.25m
  • Website: https://www.bqewater.com

Location

  • BQE Water Inc.
  • 900 Howe Street
  • Suite 250
  • Vancouver
  • British Columbia
  • V6Z 2M4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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 here.