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QRC

Queen's Road Capital InvestmentTSXV:QRC Stock Report

Last Price

CA$0.67

Market Cap

CA$194.1m

7D

-1.5%

1Y

-16.3%

Updated

23 Jan, 2022

Data

Company Financials
QRC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends2/6

QRC Stock Overview

Queen's Road Capital Investment Ltd., a resource focused investment company, invests in privately held and publicly traded resource companies.

Price History & Performance

Summary of all time highs, changes and price drops for Queen's Road Capital Investment
Historical stock prices
Current Share PriceCA$0.67
52 Week HighCA$0.94
52 Week LowCA$0.60
Beta2.44
1 Month Change-16.25%
3 Month Change-21.18%
1 Year Change-16.25%
3 Year Change737.50%
5 Year Change793.33%
Change since IPO-33.00%

Recent News & Updates

Nov 29
Queen's Road Capital Investment (CVE:QRC) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Queen's Road Capital Investment (CVE:QRC) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Queen's Road Capital Investment Ltd.'s ( CVE:QRC ) robust earnings report didn't manage to move the market for its...

Shareholder Returns

QRCCA Metals and MiningCA Market
7D-1.5%-0.05%-2.9%
1Y-16.3%-1.1%15.9%

Return vs Industry: QRC underperformed the Canadian Metals and Mining industry which returned -1.1% over the past year.

Return vs Market: QRC underperformed the Canadian Market which returned 15.9% over the past year.

Price Volatility

Is QRC's price volatile compared to industry and market?
QRC volatility
QRC Average Weekly Movement8.8%
Metals and Mining Industry Average Movement10.5%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: QRC is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: QRC's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aWarren Philip Gilmanhttps://queensrdcapital.com

Queen's Road Capital Investment Ltd., a resource focused investment company, invests in privately held and publicly traded resource companies. It acquires and holds securities of long-term capital appreciation with a focus on convertible debt securities and resource projects. The company was formerly known as Lithion Energy Corp. and changed its name to Queen's Road Capital Investment Ltd.

Queen's Road Capital Investment Fundamentals Summary

How do Queen's Road Capital Investment's earnings and revenue compare to its market cap?
QRC fundamental statistics
Market CapUS$154.90m
Earnings (TTM)US$85.59m
Revenue (TTM)US$88.09m

1.8x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QRC income statement (TTM)
RevenueUS$88.09m
Cost of RevenueUS$0
Gross ProfitUS$88.09m
ExpensesUS$2.50m
EarningsUS$85.59m

Last Reported Earnings

Nov 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin100.00%
Net Profit Margin97.17%
Debt/Equity Ratio9.9%

How did QRC perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

4%

Payout Ratio

Valuation

Is Queen's Road Capital Investment undervalued compared to its fair value and its price relative to the market?

1.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: QRC (CA$0.67) is trading above our estimate of fair value (CA$0.12)

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


Price To Earnings Ratio

PE vs Industry: QRC is good value based on its PE Ratio (1.8x) compared to the Canadian Metals and Mining industry average (10.3x).

PE vs Market: QRC is good value based on its PE Ratio (1.8x) compared to the Canadian market (12.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QRC is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (2.5x).


Future Growth

How is Queen's Road Capital Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

Forecasted Materials 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 Queen's Road Capital Investment 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.


Past Performance

How has Queen's Road Capital Investment performed over the past 5 years?

84.5%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: QRC's current net profit margins (97.2%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: QRC has become profitable over the past 5 years, growing earnings by 84.5% per year.

Accelerating Growth: QRC's earnings growth over the past year (13890.9%) exceeds its 5-year average (84.5% per year).

Earnings vs Industry: QRC earnings growth over the past year (13890.9%) exceeded the Metals and Mining industry 93.2%.


Return on Equity

High ROE: QRC's Return on Equity (52.2%) is considered outstanding.


Financial Health

How is Queen's Road Capital Investment's financial position?


Financial Position Analysis

Short Term Liabilities: QRC's short term assets ($4.6M) do not cover its short term liabilities ($16.6M).

Long Term Liabilities: QRC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: QRC's net debt to equity ratio (7.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if QRC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: QRC's debt is not well covered by operating cash flow (4%).

Interest Coverage: QRC's interest payments on its debt are well covered by EBIT (317.9x coverage).


Balance Sheet


Dividend

What is Queen's Road Capital Investment current dividend yield, its reliability and sustainability?

2.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QRC's dividend (2.17%) is higher than the bottom 25% of dividend payers in the Canadian market (1.61%).

High Dividend: QRC's dividend (2.17%) is low compared to the top 25% of dividend payers in the Canadian market (4.79%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether QRC's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if QRC's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (3.9%), QRC's dividend payments are thoroughly covered by earnings.


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

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

2.0yrs

Average management tenure


CEO

Warren Philip Gilman (61 yo)

1.92yrs

Tenure

US$316,413

Compensation

Mr. Warren Philip Gilman has been Independent Director of Gold Royalty Corp. since August 12, 2020 and serves as its Lead Independent Director since March 11, 2021. He serves as Non-Executive Director at L...


CEO Compensation Analysis

Compensation vs Market: Warren Philip's total compensation ($USD316.41K) is below average for companies of similar size in the Canadian market ($USD488.84K).

Compensation vs Earnings: Warren Philip's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: QRC's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

Experienced Board: QRC's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.


Top Shareholders

Company Information

Queen's Road Capital Investment Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Queen's Road Capital Investment Ltd.
  • Ticker: QRC
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$194.063m
  • Shares outstanding: 289.65m
  • Website: https://queensrdcapital.com

Location

  • Queen's Road Capital Investment Ltd.
  • Cheung Kong Centre
  • Suite 2006
  • Central
  • V5Z 4C2
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:21
End of Day Share Price2022/01/21 00:00
Earnings2021/11/30
Annual Earnings2021/08/31


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.