Added to YB: 2024-12-02
Pitch date: 2024-11-29
BQE.V [bullish]
BQE Water Inc.
-10.83%
current return
Author Info
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Company Info
BQE Water Inc., a water treatment company, provides wastewater management services and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally.
Market Cap
CAD 70.5M
Pitch Price
CAD 62.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.81
P/E
9.27
EV/Sales
1.69
Sector
Commercial Services and Supplies
Category
value
BQE.V’s High-Margin, Low-CapEx Business Suggests Strong Value Potential
BQE.V: Q3 beat w/ $10m prop rev (+28% YoY), China JVs +95%, recurring rev $3.9m (+23%). 40% core EBITDA margin, G&A/Sales down. $11m cash (+3m QoQ), no debt. $4.5m EBITDA (7.5% of $60m EV) in Q3. Mid single-digit EBITDA multiple for 20-30% growing recurring rev. Lumpy results expected in early stage.
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