Professional
Added to YB: 2024-03-13
Pitch date: 2024-03-12
BQE.V [bullish]
BQE Water Inc.
+52.05%
current return
Author Info
No bio for this author
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 36.50
Price Target
55.00 (-1%)
Dividend
N/A
EV/EBITDA
8.81
P/E
9.27
EV/Sales
1.69
Sector
Commercial Services and Supplies
Category
growth
BQE Water Inc.: Profitable & Growing Micro-Cap in the Water Treatment Industry
BQE.V at 5.5x 2025E EBITDA vs peers' higher multiples; growing stable recurring rev, 30%+ of proportional, EBITDA margins up to 22%. Buoyed by environmental reg tailwinds, asset-light model, tight cap structure, no debt & $6.7M cash. Initiating BUY, $55 PT by 2025 on 9.0x EBITDA multiple & catalysts like new contracts & potential share buybacks in 2024.
Read full article (2 min)