| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
QRC Stock Overview
Queen's Road Capital Investment Ltd., a resource focused investment company, invests in privately held and publicly traded resource companies.
Queen's Road Capital Investment Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.73 |
| 52 Week High | CA$0.90 |
| 52 Week Low | CA$0.60 |
| Beta | 2.29 |
| 1 Month Change | -1.35% |
| 3 Month Change | -5.20% |
| 1 Year Change | 14.06% |
| 3 Year Change | 62.22% |
| 5 Year Change | 440.74% |
| Change since IPO | -27.00% |
Recent News & Updates
Shareholder Returns
| QRC | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | 0% | -6.9% | -2.1% |
| 1Y | 14.1% | -21.5% | -5.7% |
Return vs Industry: QRC exceeded the Canadian Metals and Mining industry which returned -20.8% over the past year.
Return vs Market: QRC exceeded the Canadian Market which returned -5.3% over the past year.
Price Volatility
| QRC volatility | |
|---|---|
| QRC Average Weekly Movement | 9.6% |
| Metals and Mining Industry Average Movement | 11.1% |
| Market Average Movement | 10.1% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 4.4% |
Stable Share Price: QRC is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: QRC's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | n/a | Warren Philip Gilman | https://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
| QRC fundamental statistics | |
|---|---|
| Market Cap | US$249.16m |
| Earnings (TTM) | US$45.85m |
| Revenue (TTM) | US$53.35m |
5.4x
P/E Ratio4.7x
P/S RatioIs QRC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| QRC income statement (TTM) | |
|---|---|
| Revenue | US$53.35m |
| Cost of Revenue | US$0 |
| Gross Profit | US$53.35m |
| Other Expenses | US$7.50m |
| Earnings | US$45.85m |
Last Reported Earnings
Feb 28, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.10 |
| Gross Margin | 100.00% |
| Net Profit Margin | 85.94% |
| Debt/Equity Ratio | 6.5% |
How did QRC perform over the long term?
See historical performance and comparisonDividends
2.1%
Current Dividend Yield7%
Payout RatioValuation
Is QRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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 QRC?
Other financial metrics that can be useful for relative valuation.
| What is QRC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$249.16m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.5x |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does QRC's PE Ratio compare to its peers?
| QRC PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 32.2x | ||
AFM Alphamin Resources | 7.7x | n/a | CA$928.5m |
GMX Globex Mining Enterprises | 2.4x | n/a | CA$57.7m |
MAI Minera Alamos | 115.4x | 127.8% | CA$207.3m |
ARG Amerigo Resources | 3.4x | -23.8% | CA$192.6m |
QRC Queen's Road Capital Investment | 5.4x | n/a | CA$325.5m |
Price-To-Earnings vs Peers: QRC is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (32.2x).
Price to Earnings Ratio vs Industry
How does QRC's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Earnings vs Industry: QRC is good value based on its Price-To-Earnings Ratio (5.4x) compared to the Canadian Metals and Mining industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is QRC'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 5.4x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate QRC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of QRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: QRC (CA$0.73) is trading above our estimate of fair value (CA$0.25)
Significantly Below Fair Value: QRC is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate QRC's PEG Ratio to determine if it is good value.
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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?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
8.7%
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.
Discover growth companies
- Examine Queen's Road Capital Investment's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Queen's Road Capital Investment competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Queen's Road Capital Investment performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
79.2%
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 (85.9%) are higher than last year (83.7%).
Past Earnings Growth Analysis
Earnings Trend: QRC has become profitable over the past 5 years, growing earnings by 79.2% per year.
Accelerating Growth: QRC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: QRC had negative earnings growth (-8.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (-6%).
Return on Equity
High ROE: QRC's Return on Equity (18.3%) is considered low.
Discover strong past performing companies
Financial Health
How is Queen's Road Capital Investment's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: QRC's short term assets ($81.5M) exceed its short term liabilities ($17.0M).
Long Term Liabilities: QRC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: QRC has more cash than its total debt.
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 (4.3%).
Interest Coverage: QRC's interest payments on its debt are well covered by EBIT (84.2x coverage).
Balance Sheet
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Dividend
What is Queen's Road Capital Investment current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
2.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: QRC's dividend (2.06%) is higher than the bottom 25% of dividend payers in the Canadian market (1.99%).
High Dividend: QRC's dividend (2.06%) is low compared to the top 25% of dividend payers in the Canadian market (5.51%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (7.3%), QRC's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (727.6%), QRC's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Warren Philip Gilman (62 yo)
2.42yrs
Tenure
US$316,413
Compensation
Mr. Warren Philip Gilman has been Independent Director of Gold Royalty Corp. since August 12, 2020 and serves as its Lead Independent Director since March 11, 2021. He serves as Non-Executive Independent D...
CEO Compensation Analysis
Compensation vs Market: Warren Philip's total compensation ($USD316.41K) is below average for companies of similar size in the Canadian market ($USD762.78K).
Compensation vs Earnings: Warren Philip's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: QRC's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: QRC's board of directors are not considered experienced ( 2.4 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 substantially diluted in the past year, with total shares outstanding growing by 60.8%.
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$325.504m
- Shares outstanding: 445.90m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/06 00:00 |
| End of Day Share Price | 2022/06/28 00:00 |
| Earnings | 2022/02/28 |
| Annual Earnings | 2021/08/31 |
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.