Quinsam Capital Corporation (TSE:QCA)
:QCA
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Quinsam Capital
(QCA)
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Rating:57Neutral
Price Target:
C$0.06
▲(24.00% Upside)
Action:Reiterated
Date:05/29/26
Overall score reflects a high-variance financial profile (volatile earnings and recent negative free cash flow) partially offset by a low-leverage balance sheet. Technicals are moderately constructive with the price above major moving averages, and valuation looks favorable on a low P/E. The earnings call adds support due to recent NAV improvements and upcoming catalysts, but execution and realization risks remain.
Positive Factors
Conservative balance sheet (no debt)
Zero or minimal debt materially reduces solvency and refinancing risk, giving management optionality to hold investments through cycles or fund opportunistic financings. A low-leverage base supports durable capital preservation and strategic deployment without servicing constraints.
Negative Factors
Volatile earnings and inconsistent profitability
Large multi-year swings in earnings reduce predictability of returns and complicate capital allocation decisions. For an investment vehicle, inconsistent profitability implies reliance on irregular sale events and makes forecasting distributable income or sustainable performance challenging for investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (no debt)
Zero or minimal debt materially reduces solvency and refinancing risk, giving management optionality to hold investments through cycles or fund opportunistic financings. A low-leverage base supports durable capital preservation and strategic deployment without servicing constraints.
Read all positive factors
Quinsam Capital (QCA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.62M
Dividend YieldN/A
Average Volume (3M)20.38K
Price to Earnings (P/E)3.3
Beta (1Y)-0.05
Revenue Growth-769.13%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)<0.01
Shares Outstanding93,616,450
10 Day Avg. Volume17,075
30 Day Avg. Volume20,383
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.48
Price to Sales (P/S)-0.64
P/FCF Ratio-12.60
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
Quinsam Capital Business Overview & Revenue Model
Company Description
Quinsam Capital Corporation operates as a merchant banking firm in small-cap market in Canada. It primarily focuses on investments in technology, healthcare, mining exploration, e-sports, and cannabis markets. The company's activities include acqu...
How the Company Makes Money
Quinsam Capital primarily makes money from investment and financing returns generated by its portfolio and capital deployment activities. Key sources typically include: (1) gains on investments, such as realized gains from selling equity positions...
Quinsam Capital Earnings Call Summary
Earnings Call Date:May 19, 2026
(Q1-2026)
| Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive picture driven by strong recent realized and unrealized gains (notably Nevada Organic Phosphate and EDM Resources), a profitable exit from Saturn Oil & Gas, and an upcoming major liquidity catalyst with the Peninsula direct listing. Offsetting risks include permitting delays (EDM), commercialization uncertainty at California Nanotech, and dependence on listing prices for future NAV realization. Overall, the balance of material upside events and realized gains outweighs the highlighted risks.Positive Updates
Quarterly NAV Improvement
Q1 delivered the best quarter in a while with an addition of over $1.0M to NAV; NAV per share is now nearing $0.12. Early Q2 trends are positive with NAV advancing another few hundred thousand dollars since quarter-end.
Negative Updates
Dependence on Listing Prices and Liquidity Events
A meaningful portion of near-term NAV upside depends on how Peninsula and other private assets trade upon listing. Peninsula is carried at $1.30 vs. an internal NAV of ~$1.90; realized NAV impact will depend on listing price and market reception, introducing valuation risk.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly NAV Improvement
Q1 delivered the best quarter in a while with an addition of over $1.0M to NAV; NAV per share is now nearing $0.12. Early Q2 trends are positive with NAV advancing another few hundred thousand dollars since quarter-end.
Read all positive updates
Company Guidance
Guidance: management said Q1 added over $1.0M to NAV, bringing NAV to nearly $0.12 per share, and Q2 to date has improved NAV by “a few hundred thousand dollars” with six weeks remaining; key drivers include Nevada Organic Phosphate (from an initial ~$1M valuation to a recent financing of almost $5M and now sitting at an estimated $30–40M valuation) and EDM Resources (a $150,000 unit investment with $0.11 warrants now trading near $0.50, implying roughly an 8x return); Peninsula’s expected direct listing (likely June–July, carried at $1.30 vs. a stated NAV of ~$1.90 and a planned 3% dividend on the $1.90 NAV) could be worth about $0.02 of Quinsam’s NAV; Saturn Oil & Gas has been exited so the company currently has no oil & gas exposure; several small holdings (Longview Gold, Pelican AI, Bond Intelligence) may list but aren’t expected to be material; management’s ideal strategic transaction would target roughly a $50M company with Quinsam owning ~25%, acquired at ~4–5x EBITDA and hoping to realize 6–8x on listing (or smaller $2–3M financings/dividend outs), while avoiding large cash‑negative life‑science or single large resource bets; Cal Nano expects contract announcements in 2026 after work for Valar Atomics (which raised on the order of $300–400M).Quinsam Capital Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
70
Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -7.10M | -1.90M | -7.39M | -1.54M | -1.20M |
| Gross Profit | -7.10M | -2.13M | -7.63M | -1.78M | -1.42M |
| EBITDA | 450.68K | -2.98M | -2.92M | -16.18M | -2.11M |
| Net Income | 450.68K | -3.02M | -2.02M | -15.52M | -2.48M |
Balance Sheet | |||||
| Total Assets | 9.64M | 9.26M | 12.40M | 14.85M | 31.93M |
| Cash, Cash Equivalents and Short-Term Investments | 251.82K | 313.23K | 1.18M | 855.37K | 58.38K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 86.28K |
| Total Liabilities | 105.79K | 125.69K | 158.35K | 279.80K | 1.18M |
| Stockholders Equity | 9.54M | 9.13M | 12.24M | 14.57M | 30.75M |
Cash Flow | |||||
| Free Cash Flow | -363.07K | -472.08K | 326.98K | 1.51M | 347.54K |
| Operating Cash Flow | -363.07K | -472.08K | 326.98K | 1.51M | 347.54K |
| Investing Cash Flow | 346.66K | -211.95K | 324.31K | 2.25M | -86.86K |
| Financing Cash Flow | -45.00K | -181.91K | -327.48K | -717.54K | -1.40M |
Quinsam Capital Technical Analysis
Positive
0.05
Price Trends
0.05
Positive
0.04
Positive
0.05
Positive
Market Momentum
<0.01
Negative
64.13
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QCA, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.13 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:QCA.
Quinsam Capital Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$7.17M | 0.21 | 75.06% | ― | 286.87% | 234.97% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | C$7.69M | 4.23 | 42.23% | 7.52% | -51.64% | -29.34% | |
57 Neutral | C$5.62M | 3.27 | -45.81% | ― | -769.13% | ― | |
52 Neutral | C$10.84M | -0.56 | -70.07% | ― | ― | -34.67% | |
50 Neutral | C$4.82M | -2.24 | -735.40% | ― | 68.29% | 77.12% | |
45 Neutral | C$4.82M | -0.63 | -226.11% | ― | -353.26% | -152.00% |
* Financial Sector Average
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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.