BQE Water Valuation

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

BQE (CA$55) is trading below our estimate of [[fair value]] (CA$574.51)

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

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: BQE (CA$55) is trading below our estimate of fair value (CA$574.51)

Significantly Below Fair Value: BQE is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As BQE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BQE. This is calculated by dividing BQE's market cap by their current earnings.
What is BQE's PE Ratio?
PE Ratio	28.7x
Earnings	CA$2.45m
Market Cap	CA$70.45m

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/Revenue	3.8x
Enterprise Value/EBITDA	64.4x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

How does BQE's PE Ratio compare to its 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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	18.2x
KUT RediShred Capital	35.9x	15.0%	CA$89.2m
BRM BioRem	8.4x	n/a	CA$43.7m
BLM BluMetric Environmental	25.3x	n/a	CA$27.5m
EWK Earthworks Industries	3.3x	n/a	CA$5.7m
BQE BQE Water	28.7x	61.5%	CA$70.4m

Price-To-Earnings vs Peers: BQE is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

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

8 Companies	Price / Earnings	Estimated Growth	Market Cap

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BQE is good value based on its Price-To-Earnings Ratio (28.7x) compared to the North American Commercial Services industry average (31.5x).

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 Ratio	28.7x
Fair PE Ratio	37.1x

Price-To-Earnings vs Fair Ratio: BQE is good value based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (37.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.