Professional
Added to YB: 2026-04-28
Pitch date: 2026-04-24
BQE.V [bullish]
BQE Water Inc.
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 94.9M
Pitch Price
CAD 80.00
Price Target
108.00 (+34%)
Dividend
N/A
EV/EBITDA
11.37
P/E
11.83
EV/Sales
2.19
Sector
Commercial Services and Supplies
Category
growth
BQE Water – Landmark Year Completed; Revenue Up 61%, Adj. EBITDA Up 47%
BQE.V (raised price target): 2025 rev $39.9M (+61% YoY), adj EBITDA $8.2M (21% margin, +47% YoY). Strong outlook: 3 new ops contracts (20yr Britannia, 3yr Nuvumiut, 2yr smelter), SART expertise gaining traction. 28% ROE, 25% ROIC, best in peer group. Trading 8.3x 2026E EBITDA despite 18% rev CAGR since 2013. PT raised to $108 (from $90) on 9.5x 2027E EBITDA, 13.7x P/E.
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