Queen's Road Capital Investment (QRC) AI Stock Analysis

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Queen's Road Capital Investment

(TSX:QRC)

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Rating:70Outperform

Price Target:CAD 16.50▲(22.40% Upside)

Action:reiterated

Date:07/14/26

The score is driven primarily by solid financial strength (low leverage and strong reported profitability) and very attractive valuation (low P/E with a dividend). These positives are tempered by weaker earnings quality due to limited cash flow relative to net income and only neutral-to-weak technical momentum.

Positive Factors

Conservative Balance SheetVery low leverage gives QRC financial flexibility to absorb borrower losses, fund new resource financings and manage portfolio volatility without relying heavily on additional debt.

Negative Factors

Weak Earnings-to-Cash ConversionThe large gap between accounting profit and operating cash flow reduces earnings quality and predictability, making reported results less reliable for funding distributions or sustaining new investments.

Queen's Road Capital Investment (QRC) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 722.02M
Dividend Yield: 2.63%
Average Volume (3M): 3,494
Price to Earnings (P/E): 2.1
Beta (1Y): 0.75
Revenue Growth: 33.16%
EPS Growth: ―
Country: Canada
Employees: 19
Sector: Financial
Sector Strength: 68
Industry: Asset Management

Queen's Road Capital Investment Business Overview & Revenue Model

Company Description

Queen's Road Capital Investment Ltd. operates as an investment firm dedicated to the resource sector, deploying capital into both privately held and publicly traded resource companies. Its investment strategy focuses on acquiring and retaining securi...

How the Company Makes Money

QRC primarily makes money by investing capital into financing structures (typically debt/credit or debt-like instruments) provided to resource companies. Its key revenue streams are: (1) interest income earned on loans or other lending instruments it...

Queen's Road Capital Investment Financial Statement Overview

Summary

Strong reported profitability and a conservatively levered balance sheet (low debt vs. equity) support a solid financial profile. However, earnings quality is a key concern: operating/free cash flow is positive but small relative to net income, and revenue/margins have been volatile—suggesting results are more dependent on investment/valuation gains than steady operating cash generation.

Income Statement

74Positive

Balance Sheet

82Very Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021
Income Statement
Total Revenue	29.89M	31.93M	23.20M	10.29M	8.51M	71.39M
Gross Profit	5.64M	-1.57M	21.28M	8.52M	6.36M	70.70M
EBITDA	233.85M	116.82M	20.06M	4.67M	-2.71M	67.02M
Net Income	231.84M	115.08M	18.04M	4.34M	-3.48M	67.02M
Balance Sheet
Total Assets	583.22M	409.63M	282.86M	237.24M	232.57M	149.22M
Cash, Cash Equivalents and Short-Term Investments	5.60M	3.08M	1.09M	14.75M	34.51M	2.16M
Total Debt	31.78M	29.58M	31.75M	316.09K	496.75K	0
Total Liabilities	37.50M	30.72M	32.86M	1.29M	1.50M	172.71K
Stockholders Equity	545.72M	378.91M	250.00M	235.95M	231.08M	149.05M
Cash Flow
Free Cash Flow	8.51M	8.19M	7.24M	3.61M	637.70K	627.69K
Operating Cash Flow	8.51M	8.19M	7.24M	3.61M	637.70K	627.69K
Investing Cash Flow	-32.61M	-17.29M	-47.86M	-21.02M	-45.61M	-23.57M
Financing Cash Flow	27.51M	11.15M	26.97M	-2.23M	77.68M	0

Queen's Road Capital Investment Technical Analysis

Technical Analysis SentimentNegative

Last Price13.48

Price Trends

50DMA13.91Negative

100DMA13.86Negative

200DMA14.18Negative

Market Momentum

MACD-0.12Positive

RSI41.44Neutral

STOCH18.94Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QRC, the sentiment is Negative. The current price of 13.48 is below the 20-day moving average (MA) of 13.82, below the 50-day MA of 13.91, and below the 200-day MA of 14.18, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 41.44 is Neutral, neither overbought nor oversold. The STOCH value of 18.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:QRC.

Queen's Road Capital Investment Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

TSE:QRC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:URB	80Outperform	CAD 346.16M	3.41	20.19%	1.56%	-115.29%	38.46%
TSE:ELC	78Outperform	CAD 15.22M	1.89	37.24%	5.56%	633.40%	120.57%
TSE:QRC	70Outperform	CAD 728.81M	2.08	47.52%	2.63%	33.16%	―
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TSE:STCK	63Neutral	CAD 242.28M	2.52	37.95%	―	834.12%	90.05%
TSE:OLY	61Neutral	CAD 258.90M	16.38	35.11%	6.23%	-11.15%	-31.72%
TSE:AIM	57Neutral	CAD 224.71M	119.72	1.45%	―	-39.01%	―

* Financial Sector Average

Performance Comparison

TSE:QRC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:QRC	Queen's Road Capital Investment Ltd.	13.48	4.89	57.00%
TSE:ELC	Elysee Development Corp.	0.54	0.06	11.80%
TSE:AIM	Aimia Inc.	2.55	-0.25	-8.93%
TSE:OLY	Olympia Financial	107.59	-4.75	-4.23%
TSE:URB	Urbana Corporation	8.95	1.06	13.48%
TSE:STCK	Stack Capital Group, Inc.	15.45	2.29	17.40%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Jul 14, 2026

Queen's Road Capital Investment AI Stock Analysis

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