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Queen's Road Capital Investment
(TSX:QRC)
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Rating:70Outperform
Price Target:
C$16.50
▲(16.20% 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 Sheet
Very 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 Conversion
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives QRC financial flexibility to absorb borrower losses, fund new resource financings and manage portfolio volatility without relying heavily on additional debt.
Read all positive factors
Queen's Road Capital Investment (QRC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$755.48M
Dividend Yield2.54%
Average Volume (3M)4.20K
Price to Earnings (P/E)2.2
Beta (1Y)0.84
Revenue Growth33.16%
EPS GrowthN/A
CountryCA
Employees19
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)4.63
Shares Outstanding53,962,902
10 Day Avg. Volume2,992
30 Day Avg. Volume4,197
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.01
Price to Sales (P/S)11.96
P/FCF Ratio46.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 sec...
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...
Queen's Road Capital Investment Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
48
Neutral
| 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 | 0.00 |
| 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 | 0.00 |
Queen's Road Capital Investment Technical Analysis
Neutral
14.20
Price Trends
13.96
Positive
14.29
Negative
13.45
Positive
Market Momentum
-0.02
Positive
47.28
Neutral
7.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QRC, the sentiment is Neutral. The current price of 14.2 is above the 20-day moving average (MA) of 14.12, above the 50-day MA of 13.96, and above the 200-day MA of 13.45, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.28 is Neutral, neither overbought nor oversold. The STOCH value of 7.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:QRC.
Queen's Road Capital Investment Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$16.63M | 2.07 | 37.24% | 4.88% | 633.40% | 120.57% | |
73 Outperform | C$363.75M | 3.35 | 20.19% | 1.56% | -115.29% | 38.46% | |
70 Outperform | C$755.48M | 2.19 | 47.52% | 2.54% | 33.16% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | C$211.28M | 13.57 | 35.11% | 7.74% | -11.15% | -31.72% | |
63 Neutral | C$289.80M | 2.79 | 37.95% | ― | 834.12% | 90.05% | |
57 Neutral | C$237.95M | 125.82 | 1.45% | 52.29% | -39.01% | ― |
* Financial Sector Average
TSE:QRC
Queen's Road Capital Investment
14.00
6.47
85.82%
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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.