Added to YB: 2024-04-23
Pitch date: 2024-04-22
BQE.V [bullish]
BQE Water Inc.
+11%
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 50.00
Price Target
125.00 (+125%)
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. - $BQE.V
BQE.V: Water mgmt for mining. Recurring rev growing 60% CAGR to 40% of sales. 6 projects, adding 2/yr at $1.6M each for 15+ yrs. Pipeline of 'company maker' projects like new US Selen-IX plant could double EBITDA. $28M/project over 30 yrs. Scaling fast at 30%+ EBITDA margins. EV $56M or 6x NTM EBITDA. $125 PT on growth + re-rating. Risks: project failure, competition.
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