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QRC

Queen's Road Capital Investment TSXV:QRC Stock Report

Last Price

CA$0.73

Market Cap

CA$325.5m

7D

0%

1Y

14.1%

Updated

06 Jul, 2022

Data

Company Financials
QRC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
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.

Queen's Road Capital Investment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Queen's Road Capital Investment
Historical stock prices
Current Share PriceCA$0.73
52 Week HighCA$0.90
52 Week LowCA$0.60
Beta2.29
1 Month Change-1.35%
3 Month Change-5.20%
1 Year Change14.06%
3 Year Change62.22%
5 Year Change440.74%
Change since IPO-27.00%

Recent News & Updates

Shareholder Returns

QRCCA Metals and MiningCA Market
7D0%-6.9%-2.1%
1Y14.1%-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

Is QRC's price volatile compared to industry and market?
QRC volatility
QRC Average Weekly Movement9.6%
Metals and Mining Industry Average Movement11.1%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market4.4%

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

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$249.16m
Earnings (TTM)US$45.85m
Revenue (TTM)US$53.35m

5.4x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QRC income statement (TTM)
RevenueUS$53.35m
Cost of RevenueUS$0
Gross ProfitUS$53.35m
Other ExpensesUS$7.50m
EarningsUS$45.85m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin100.00%
Net Profit Margin85.94%
Debt/Equity Ratio6.5%

How did QRC perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

7%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation 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.

QRC 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/Revenue3.5x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does QRC's PE Ratio compare to its peers?

QRC PE Ratio vs Peers
The above table shows the PE ratio for QRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.2x
AFM Alphamin Resources
7.7xn/aCA$928.5m
GMX Globex Mining Enterprises
2.4xn/aCA$57.7m
MAI Minera Alamos
115.4x127.8%CA$207.3m
ARG Amerigo Resources
3.4x-23.8%CA$192.6m
QRC Queen's Road Capital Investment
5.4xn/aCA$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.

QRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ration/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

0/6

Future 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

2/6

Past 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

4/6

Financial 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

2/6

Dividend 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.


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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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/02/28
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.