Questor Technology (TSXV:QST) Stock Valuation, Peer Comparison & Price Targets

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

QST (CA$0.27) is trading below our estimate of [[fair value]] (CA$0.49)

Share Price vs Fair Value

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

Below Fair Value: QST (CA$0.27) is trading below our estimate of fair value (CA$0.49)

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

Key Valuation Metric

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

Key metric: As QST is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for QST. This is calculated by dividing QST's market cap by their current revenue.
What is QST's PS Ratio?
PS Ratio	1.6x
Sales	CA$4.74m
Market Cap	CA$7.44m

QST 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does QST's PS Ratio compare to its peers?

The above table shows the PS ratio for QST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.2x
HWO High Arctic Energy Services	0.2x	n/a	CA$14.3m
CTEK Cleantek Industries	0.3x	n/a	CA$3.7m
FLNT Flint	0.004x	n/a	CA$2.8m
ESN Essential Energy Services	0.3x	n/a	CA$49.5m
QST Questor Technology	1.6x	33.6%	CA$7.4m

Price-To-Sales vs Peers: QST is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does QST's PS Ratio compare vs other companies in the CA Energy Services Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
WEII.H Wolverine Energy and Infrastructure	0.08x	n/a	US$3.10m
FLNT Flint	0.004x	n/a	US$1.97m
DVG Divergent Energy Services	0.01x	n/a	US$134.21k

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: QST is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Canadian Energy Services industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

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

QST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.6x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: QST is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

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

The above table shows the analyst QST forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CA$0.27	CA$0.70 +159.3%	14.3%	CA$0.80	CA$0.60	n/a	2
Nov ’25	CA$0.38	CA$0.70 +84.2%	14.3%	CA$0.80	CA$0.60	n/a	2
Oct ’25	CA$0.36	CA$0.70 +91.8%	14.3%	CA$0.80	CA$0.60	n/a	2
Sep ’25	CA$0.42	CA$0.70 +66.7%	14.3%	CA$0.80	CA$0.60	n/a	2
Aug ’25	CA$0.64	CA$0.72 +13.3%	10.3%	CA$0.80	CA$0.65	n/a	2
Jul ’25	CA$0.51	CA$0.72 +42.2%	10.3%	CA$0.80	CA$0.65	n/a	2
Feb ’25	CA$0.59	CA$1.05 +78.0%	4.8%	CA$1.10	CA$1.00	n/a	2
Jan ’25	CA$0.72	CA$1.05 +45.8%	4.8%	CA$1.10	CA$1.00	n/a	2
Dec ’24	CA$0.78	CA$1.05 +34.6%	4.8%	CA$1.10	CA$1.00	n/a	2
Aug ’24	CA$0.85	CA$1.12 +31.4%	7.6%	CA$1.20	CA$1.00	CA$0.64	3
Jul ’24	CA$0.92	CA$1.12 +21.4%	7.6%	CA$1.20	CA$1.00	CA$0.51	3
Jun ’24	CA$0.93	CA$1.12 +20.1%	7.6%	CA$1.20	CA$1.00	CA$0.51	3
May ’24	CA$0.92	CA$1.10 +19.6%	7.4%	CA$1.20	CA$1.00	CA$0.63	3
Apr ’24	CA$0.92	CA$1.37 +48.6%	15.3%	CA$1.65	CA$1.15	CA$0.58	3
Mar ’24	CA$0.91	CA$1.37 +50.2%	15.3%	CA$1.65	CA$1.15	CA$0.57	3
Feb ’24	CA$0.97	CA$1.37 +40.9%	15.3%	CA$1.65	CA$1.15	CA$0.59	3
Jan ’24	CA$1.03	CA$1.37 +32.7%	15.3%	CA$1.65	CA$1.15	CA$0.72	3
Dec ’23	CA$1.14	CA$1.42 +24.3%	11.6%	CA$1.65	CA$1.30	CA$0.78	3
Nov ’23	CA$1.04	CA$1.40 +34.6%	12.7%	CA$1.65	CA$1.25	CA$0.83	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Questor Technology Valuation