CNSX:QCA

Stock Analysis Report

Executive Summary

Quinsam Capital Corporation operates as an investment and merchant banking firm in small-cap market in Canada.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Quinsam Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QCA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.5%

QCA

-2.0%

CA Capital Markets

0.8%

CA Market


1 Year Return

-64.6%

QCA

16.7%

CA Capital Markets

7.2%

CA Market

Return vs Industry: QCA underperformed the Canadian Capital Markets industry which returned 16.7% over the past year.

Return vs Market: QCA underperformed the Canadian Market which returned 7.2% over the past year.


Shareholder returns

QCAIndustryMarket
7 Day4.5%-2.0%0.8%
30 Day-14.8%0.7%2.8%
90 Day-23.3%4.1%4.6%
1 Year-64.6%-64.6%22.1%16.7%10.8%7.2%
3 Year4.5%4.5%37.3%20.8%18.7%8.1%
5 Yearn/a33.1%5.2%26.9%8.3%

Price Volatility Vs. Market

How volatile is Quinsam Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Quinsam Capital undervalued compared to its fair value and its price relative to the market?

0.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: QCA (CA$0.12) is trading above our estimate of fair value (CA$0.07)

Significantly Below Fair Value: QCA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: QCA is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: QCA is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QCA is good value based on its PB Ratio (0.3x) compared to the CA Capital Markets industry average (0.9x).


Next Steps

Future Growth

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

31.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QCA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: QCA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: QCA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if QCA's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if QCA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if QCA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Quinsam Capital performed over the past 5 years?

63.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if QCA has high quality earnings.

Growing Profit Margin: QCA's current net profit margins (-1.8%) are lower than last year (77.6%).


Past Earnings Growth Analysis

Earnings Trend: QCA is unprofitable, but has reduced losses over the past 5 years at a rate of 63.9% per year.

Accelerating Growth: Unable to compare QCA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QCA is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (7.8%).


Return on Equity

High ROE: QCA has a negative Return on Equity (-0.25%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Quinsam Capital's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: QCA has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if QCA's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: QCA's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if QCA has a sufficient allowance for bad loans.

Low Risk Liabilities: QCA reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if QCA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: QCA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if QCA has an appropriate level of bad loans.


Next Steps

Dividend

What is Quinsam Capital's current dividend yield, its reliability and sustainability?

4.35%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%2.0%markettop25%5.7%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: QCA's dividend (4.35%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).

High Dividend: QCA's dividend (4.35%) is low compared to the top 25% of dividend payers in the Canadian market (5.68%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, QCA has been paying a dividend for less than 10 years.

Growing Dividend: QCA's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: QCA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Quinsam Capital's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Roger Dent 0

6.1yrs

Tenure

CA$606,342

Compensation

Mr. Roger Dent, B.Comm., MBA, has been the Chief Executive Officer and Executive Director of Quinsam Capital Corp. since October 29, 2013. Mr. Dent served as Interim Chief Financial Officer of Omni-Lite In ...


Management Age and Tenure

1.9yrs

Average Tenure

52yo

Average Age

Experienced Management: QCA's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: QCA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyCA$20,32528 Sep 19
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares135,500
Max PriceCA$0.15
BuyCA$24,81321 Sep 19
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares100,000
Max PriceCA$0.25
BuyCA$33,83530 Aug 19
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares197,500
Max PriceCA$0.18
BuyCA$38,00030 Jul 19
Eric Edward Szustak
EntityIndividual
Role
Chairman of the Board
Chairman & Corporate Secretary
Shares380,000
Max PriceCA$0.10
SellCA$45,73428 Jun 19
Eric Edward Szustak
EntityIndividual
Role
Chairman of the Board
Chairman & Corporate Secretary
Shares249,000
Max PriceCA$0.19
BuyCA$196,58221 Jun 19
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares1,020,000
Max PriceCA$0.20
BuyCA$18,06704 Jun 19
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares89,000
Max PriceCA$0.20
BuyCA$20,10003 Jun 19
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares100,000
Max PriceCA$0.20
BuyCA$62,00030 May 19
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares310,000
Max PriceCA$0.20
BuyCA$105,80020 Dec 18
Roger Dent
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares500,000
Max PriceCA$0.21
BuyCA$42,00003 Dec 18
Adam Szweras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares150,000
Max PriceCA$0.28

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 57.8%.


Management Team

  • Roger Dent

    CEO & Director

    • Tenure: 6.1yrs
    • Compensation: CA$606.34k
  • Eric Edward Szustak (59yo)

    Chairman & Corporate Secretary

    • Tenure: 1.9yrs
    • Compensation: CA$117.67k
  • Peter Bilodeau (60yo)

    President & Director

    • Tenure: 1.9yrs
    • Compensation: CA$151.19k
  • David Posner (45yo)

    Consultant

    • Tenure: 1.9yrs
  • Keith Li (39yo)

    Chief Financial Officer

    • Tenure: 1.7yrs
    • Compensation: CA$113.37k

Board Members

  • Tony Roodenburg

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: CA$40.72k
  • Roger Dent

    CEO & Director

    • Tenure: 6.1yrs
    • Compensation: CA$606.34k
  • Adam Szweras (47yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: CA$73.35k
  • Eric Edward Szustak (59yo)

    Chairman & Corporate Secretary

    • Tenure: 1.9yrs
    • Compensation: CA$117.67k
  • Peter Bilodeau (60yo)

    President & Director

    • Tenure: 1.9yrs
    • Compensation: CA$151.19k
  • Terry Booth (54yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: CA$38.92k
  • Ross Geddes

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: CA$40.72k

Company Information

Quinsam Capital Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Quinsam Capital Corporation
  • Ticker: QCA
  • Exchange: CNSX
  • Founded: 2004
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: CA$12.957m
  • Shares outstanding: 112.67m
  • Website: https://www.quinsamcapital.com

Location

  • Quinsam Capital Corporation
  • 77 King Street West
  • Suite 2905
  • Toronto
  • Ontario
  • M5K 1H1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QCACNSX (Canadian National Stock Exchange)YesCommon SharesCACADAug 2006
0Q4DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2006

Biography

Quinsam Capital Corporation operates as an investment and merchant banking firm in small-cap market in Canada. The company primarily focuses on cannabis-related investments. Its activities include acquisit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/14 00:23
End of Day Share Price2019/11/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.