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Updated 1m ago
QTRH logo

Quarterhill Inc.TSX:QTRH Stock Report

Market Cap CA$377.1m
Updated 1m ago
Share Price
n/a
1Y129.2%
7D0.8%
1D-2.3%
Portfolio Value
​
View

Quarterhill Inc.

TSX:QTRH Stock Report

Market Cap: CA$377.1m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Quarterhill (QTRH) Stock Overview

Provides tolling and mobility systems and solutions in the United States, Thailand, Germany, Canada, South Korea, Belgium, France, Chile, and internationally. More details

QTRH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 76.2% below our estimate of its fair value

Revenue is forecast to grow 42.67% per year

Risk Analysis

Earnings have declined by 13.1% per year over past 5 years

Volatile share price over the past 3 months compared to the Canadian market

Shareholders have been diluted in the past year


QTRH Community Fair Values

Create Narrative

See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
47.2% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

AI And Data Analytics Will Transform Transportation Infrastructure

243
0
7
AN
AnalystHighTarget
64.3% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

AI Transportation Platform And Project Backlog Will Support Stronger Long Term Earnings Quality

13
0
0
AN
AnalystLowTarget
13.2% undervalued intrinsic discount
AnalystLowTarget
•2mo ago

Execution Risks In Intelligent Transportation Will Test Profitability Targets Yet Offer Long Term Upside

17
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
47.2% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

AI And Data Analytics Will Transform Transportation Infrastructure

243
0
7
AN
AnalystHighTarget
64.3% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

AI Transportation Platform And Project Backlog Will Support Stronger Long Term Earnings Quality

13
0
0
AN
AnalystLowTarget
13.2% undervalued intrinsic discount
AnalystLowTarget
•2mo ago

Execution Risks In Intelligent Transportation Will Test Profitability Targets Yet Offer Long Term Upside

17
0
0
View all narratives

Quarterhill Inc. Competitors

Vecima Networks

Symbol: TSX:VCM
Market cap: CA$295.7m

Sangoma Technologies

Symbol: TSX:STC
Market cap: CA$163.4m

Haivision Systems

Symbol: TSX:HAI
Market cap: CA$100.9m

Evertz Technologies

Symbol: TSX:ET
Market cap: CA$956.9m

Price History & Performance

Summary of share price highs, lows and changes for Quarterhill
Historical stock prices
Current Share PriceCA$2.59
52 Week HighCA$3.33
52 Week LowCA$0.89
Beta0.75
1 Month Change-10.07%
3 Month Change49.71%
1 Year Change129.20%
3 Year Change73.83%
5 Year Change-9.76%
Change since IPO1.57%

Recent News & Updates

User avatar
Narrative Update • Aug 11

QTRH: AI Tolling And Transport Contracts Will Drive Future Upside

Quarterhill's analyst price target has moved higher to CA$7.25, with analysts pointing to the company's role in AI driven intelligent tolling and transportation systems within a CA$50b intelligent transportation market opportunity as the key support for this change. What’s in the News for Quarterhill Quarterhill announced approximately $2.1 million in new weigh in motion orders for transportation projects in South Korea and Thailand, supplied through long standing partners SAT and TMS, supporting roadway safety and infrastructure management.

Recent updates

User avatar
Narrative Update • Aug 11

QTRH: AI Tolling And Transport Contracts Will Drive Future Upside

Quarterhill's analyst price target has moved higher to CA$7.25, with analysts pointing to the company's role in AI driven intelligent tolling and transportation systems within a CA$50b intelligent transportation market opportunity as the key support for this change. What’s in the News for Quarterhill Quarterhill announced approximately $2.1 million in new weigh in motion orders for transportation projects in South Korea and Thailand, supplied through long standing partners SAT and TMS, supporting roadway safety and infrastructure management.
User avatar
Narrative Update • Jul 28

QTRH: AI Tolling Contracts In Illinois And Utah Will Drive Future Upside

Analysts lifted their price target on Quarterhill to CA$7.25 from CA$2.75, citing the company's positioning in AI-driven intelligent tolling and transportation systems as a key driver for their updated view. What’s in the News for Quarterhill Quarterhill entered a long-term partnership with the Illinois Department of Transportation to install and maintain traffic data collection sites across District 1, covering northeastern Illinois and the Chicago metro area, in a contract valued at approximately US$2.5 million over an initial three-year term, with optional annual extensions for up to 10 years.
User avatar
Narrative Update • Jul 13

QTRH: Expanding Tolling And Transportation Contracts Will Drive Future Intelligent Systems Demand

Analysts have raised their price target for Quarterhill to CA$7.25, reflecting increased confidence in the company as a provider of AI-driven intelligent tolling and transportation systems within a CA$50b market that is expected to benefit from broader adoption of AI and cloud-based infrastructure. What’s in the News for Quarterhill Quarterhill entered a long-term partnership with the Illinois Department of Transportation to install and maintain traffic data collection sites across District 1.
User avatar
Narrative Update • Jun 23

QTRH: Expanding Long-Term Transport Contracts Will Support Future Upside

Analysts have kept their core assumptions on Quarterhill largely unchanged, but have modestly refined inputs such as the discount rate and future P/E. This has led to a small adjustment in their CA$ price target rather than a major reset of expectations.
User avatar
Narrative Update • Jun 07

QTRH: New Tolling And Weigh In Motion Deals Will Support Upside

Analysts have adjusted their CA$ fair value target for Quarterhill to reflect a lower forward P/E assumption. The updated estimate is now aligned at CA$2.43, based on largely unchanged discount rate, revenue growth, and profit margin inputs.
User avatar
Narrative Update • May 19

QTRH: Weigh In Motion Contracts Will Support Future Tolling Technology Upside

Quarterhill's analyst price target has been revised to CA$2.43 from CA$2.20. Analysts attribute the change to updated assumptions for the discount rate, revenue growth, profit margins, and future P/E.
User avatar
Narrative Update • Apr 22

QTRH: Weigh In Motion Contracts Will Drive Tolling Technology Upside

Analysts have nudged their price target on Quarterhill slightly higher to CA$2.20. This reflects small adjustments in fair value, discount rate, revenue growth, profit margin assumptions and a modestly higher future P/E of about 21.44x.
User avatar
New Narrative • Apr 21

AI Transportation Platform And Project Backlog Will Support Stronger Long Term Earnings Quality

Catalysts About Quarterhill Quarterhill provides Intelligent Transportation Systems focused on tolling, safety and enforcement solutions supported by an AI enabled software platform. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • Apr 07

Execution Risks In Intelligent Transportation Will Test Profitability Targets Yet Offer Long Term Upside

Catalysts About Quarterhill Quarterhill provides intelligent transportation systems focused on tolling, safety and enforcement solutions for government and transportation agencies. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Apr 06

QTRH: Weigh In Motion Contracts Will Support Future Tolling Technology Upside

Analysts have updated their view on Quarterhill with a higher CA$ price target. This reflects revised fair value estimates, a different mix of revenue growth and profit margin expectations, and a higher assumed future P/E multiple.
Analysis Article • Mar 26

Quarterhill Inc. (TSE:QTRH) Just Reported And Analysts Have Been Lifting Their Price Targets

Investors in Quarterhill Inc. ( TSE:QTRH ) had a good week, as its shares rose 2.8% to close at CA$1.12 following the...
Analysis Article • Dec 13

Quarterhill (TSE:QTRH) Is Carrying A Fair Bit Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Nov 08

Investors Continue Waiting On Sidelines For Quarterhill Inc. (TSE:QTRH)

When you see that almost half of the companies in the Communications industry in Canada have price-to-sales ratios (or...
User avatar
Narrative Update • Aug 16

Resolving Tolling Challenges And Advancing European Software Will Transform Operations

Despite higher consensus revenue growth forecasts for Quarterhill, a rising future P/E ratio appears to have outweighed this improvement, leading to a reduction in the consensus analyst price target from CA$1.98 to CA$1.84. What's in the News Quarterhill secured new international contracts in Djibouti, Thailand, and South Korea, marking its first deployment in Djibouti with a World Bank-funded overweight enforcement system and additional follow-on orders in established Asian markets.
User avatar
New Narrative • Apr 05

Resolving Tolling Challenges And Advancing European Software Will Transform Operations

Strategic focus on resolving legacy issues and software development aims to enhance margins and drive revenue growth through proprietary offerings.
Analysis Article • Mar 13

Is Quarterhill (TSE:QTRH) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 16

Quarterhill Inc.'s (TSE:QTRH) Shares May Have Run Too Fast Too Soon

There wouldn't be many who think Quarterhill Inc.'s ( TSE:QTRH ) price-to-sales (or "P/S") ratio of 0.8x is worth a...

Shareholder Returns

QTRHCA CommunicationsCA Market
7D0.8%-6.2%0.7%
1Y129.2%9.1%22.6%

Return vs Industry: QTRH exceeded the Canadian Communications industry which returned 9.1% over the past year.

Return vs Market: QTRH exceeded the Canadian Market which returned 22.6% over the past year.

Price Volatility

Is QTRH's price volatile compared to industry and market?
QTRH volatility
QTRH Average Weekly Movement13.6%
Communications Industry Average Movement7.5%
Market Average Movement9.1%
10% most volatile stocks in CA Market16.0%
10% least volatile stocks in CA Market3.6%

Stable Share Price: QTRH's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: QTRH's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
1992417Chuck Myerswww.quarterhill.com

Quarterhill Inc., together with its subsidiaries, provides tolling and mobility systems and solutions in the United States, Thailand, Germany, Canada, South Korea, Belgium, France, Chile, and internationally. The company offers in-road sensor and above-ground AVDC, performance measurement, system monitoring, business intelligence, image-based processing, and transit event processing and capture; self-service and ERP/CRM commerce and mobility platforms; and system performance audit, violation enforcement, and digital video audit. It also provides portable scales, WIM controllers, weigh-in-motion, over-dimension, and AI and machine vision; bicycle and vehicle data, radar speed signs, and vulnerable road user, vehicle, and radar detection; and TRS plus, traffic A.C.E.+, icoms analytics, and VI2M, as well as tire, bicycle, toll, and axle sensors.

Quarterhill Inc. Fundamentals Summary

How do Quarterhill's earnings and revenue compare to its market cap?
QTRH fundamental statistics
Market capCA$377.06m
Earnings (TTM)-CA$69.99m
Revenue (TTM)CA$222.93m
1.7x
P/S Ratio
-5.3x
P/E Ratio

Is QTRH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
QTRH income statement (TTM)
RevenueUS$159.33m
Cost of RevenueUS$113.91m
Gross ProfitUS$45.42m
Other ExpensesUS$95.44m
Earnings-US$50.02m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.35
Gross Margin28.51%
Net Profit Margin-31.39%
Debt/Equity Ratio88.4%

How did QTRH perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 23:01
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Quarterhill Inc. is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gavin FairweatherATB Cormark
Gabriel LeungBeacon Securities Limited
Douglas TaylorCanaccord Genuity

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