Quinsam Capital (QCA) AI Stock Analysis

• Market Cap: C$4.68M
• Dividend Yield: N/A
• Average Volume (3M): 20.38K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• Revenue Growth: 26.42%
• EPS Growth: -1217.14%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): <0.01
• Shares Outstanding: 93,616,450
• 10 Day Avg. Volume: 17,075
• 30 Day Avg. Volume: 20,383
• PEG Ratio: -0.03
• Price to Book (P/B): 0.46
• Price to Sales (P/S): -2.21
• P/FCF Ratio: -8.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$0.05 ▼(-10.00% Downside)

The score is held back primarily by weak financial performance (recurring losses and recent cash burn) despite a supportive, debt-free balance sheet. Technical signals are largely neutral, and valuation is constrained by negative earnings. The earnings call adds moderate upside potential via expected listings and NAV improvement, but notable execution and regulatory/transaction risks remain.

Positive Factors

Debt-free balance sheet

Quinsam's zero total debt is a durable structural strength: it reduces solvency risk, preserves strategic optionality, and allows the firm to deploy capital or withstand portfolio drawdowns without immediate refinancing. This supports long-term survival while pursuing opportunistic investments.

Potential NAV uplift from listings

Planned listings for Peninsula (Renterz) and Electro Metals represent structural catalysts: successful IPOs would crystallize private asset values, improve portfolio liquidity, and sustainably raise NAV. Realized listings can materially shift long-term capital base and reduce valuation opacity.

Clinical-trial progress for A-Synaptic

Regulatory approval for a clinical trial and a material grant indicate substantive de-risking and external validation for A-Synaptic. As a portfolio company, successful clinical outcomes or milestone achievements would deliver durable value creation and potential material upside to Quinsam's investment realizations.

Negative Factors

Recurring net losses

Sustained multi-year net losses erode equity and reduce internal capital available for reinvestment. For an investment holding company without operating revenue, persistent losses increase dependency on successful exits or external funding and heighten the long-term risk to shareholder capital.

Negative operating cash flow

Recent cash burn reduces financial flexibility: negative operating and free cash flows force reliance on portfolio monetizations or financings. Without recurring operating income, ongoing negative cash flow over months could necessitate dilutive raises or asset sales, undermining long-term strategy execution.

Execution & regulatory transaction risk

Cease-trade events and tax complications on potential deals are structural execution risks for a merchant bank. Such regulatory or transactional impediments can delay value realization, depress valuations of holdings, and add uncertainty to NAV recovery timelines, affecting long-term returns.

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 acquisitions, advisory services, lending activities, and portfolio investments. Quinsam Capital Corporation was incorporated in 2004 and is based in Toronto, Canada.

How the Company Makes Money

Quinsam Capital makes money through a diversified revenue model primarily centered around investment income. The company generates revenue by deploying capital into public and private equity investments and realizing gains when these investments appreciate in value. Key revenue streams include dividends, interest income from debt investments, and capital gains from the sale of equity positions. Quinsam Capital's earnings are influenced by its ability to identify profitable investment opportunities and effectively manage its investment portfolio. Partnerships with emerging growth companies and strategic investments in high-potential sectors also contribute to its financial performance.

Quinsam Capital Financial Statement Overview

Summary

Overall fundamentals are weak due to recurring net losses and a recent shift back to negative operating cash flow/free cash flow, which has contributed to equity erosion. The main offsetting positive is a debt-free balance sheet with positive equity, reducing solvency risk despite ongoing volatility.

Income Statement

Profitability has deteriorated meaningfully: TTM (Trailing-Twelve-Months) shows negative revenue and a sizable net loss (net income -4.2M), following net losses in each of the last four annual periods (2021–2024). While the reported revenue growth rate is very high in TTM, results remain loss-making and earnings have been volatile over time (including an exceptionally large loss in 2022). The main strength is that losses have not been accompanied by financial leverage, but operating performance is currently weak.

Balance Sheet

The balance sheet is a relative bright spot: total debt is 0 in TTM (Trailing-Twelve-Months) and recent annual periods, resulting in no leverage pressure. Equity remains positive (~9.2M in TTM), and assets are broadly stable versus equity (assets ~9.25M). The key weakness is persistent negative returns on equity (TTM ROE about -46%), and equity has trended down from 2021–2023 levels, indicating capital erosion from ongoing losses.

Cash Flow

Cash generation has weakened: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both negative (~-0.4M), following a negative 2024 and a positive 2022–2023. A positive is that free cash flow has closely tracked reported earnings (free cash flow to net income ~1.0), suggesting limited non-cash distortions; however, cash burn in the most recent periods reduces financial flexibility and increases reliance on portfolio outcomes or financing alternatives if it persists.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-4.95M	-1.90M	-7.39M	-1.54M	-1.20M	3.10M
Gross Profit	-5.16M	-2.13M	-7.63M	-1.78M	-1.42M	2.73M
EBITDA	-4.20M	-2.98M	-2.92M	-16.18M	-2.11M	2.16M
Net Income	-4.20M	-3.02M	-2.02M	-15.52M	-2.48M	2.44M
Balance Sheet
Total Assets	9.25M	9.26M	12.40M	14.85M	31.93M	34.83M
Cash, Cash Equivalents and Short-Term Investments	365.04K	313.23K	1.18M	855.37K	58.38K	32.87M
Total Debt	0.00	0.00	0.00	0.00	86.28K	0.00
Total Liabilities	74.61K	125.69K	158.35K	279.80K	1.18M	659.45K
Stockholders Equity	9.17M	9.13M	12.24M	14.57M	30.75M	34.17M
Cash Flow
Free Cash Flow	-400.66K	-472.08K	326.98K	1.51M	347.54K	1.81M
Operating Cash Flow	-400.66K	-472.08K	326.98K	1.51M	347.54K	1.81M
Investing Cash Flow	326.05K	-211.95K	324.31K	2.25M	-86.86K	0.00
Financing Cash Flow	-120.10K	-181.91K	-327.48K	-717.54K	-1.40M	-1.37M

Quinsam Capital Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QCA, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.20 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:QCA.

Quinsam Capital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ZC	67 Neutral	C$8.81M	0.56	75.06%	―	486.23%	478.94%
PDV	66 Neutral	C$6.60M	3.39	42.23%	7.52%	-54.61%	273.14%
AAB	56 Neutral	C$4.02M	-0.35	-178.43%	―	82.65%	-70.88%
IDK	51 Neutral	C$8.01M	-0.32	-55.73%	―	53.55%	-289.42%
QCA	48 Neutral	C$4.68M	-0.98	-37.19%	―	26.42%	-1217.14%
BLGV	42 Neutral	C$4.13M	-0.59	-226.11%	―	19.82%	-51.61%

Quinsam Capital Corporate Events

Quinsam Capital Reports Decreased Q3 Earnings, Optimistic About Q4

Quinsam Capital Corporation reported a net income of $0.1 million for Q3 2025, a decrease from $1.2 million in Q3 2024. The company remains optimistic about Q4 due to potential public listings of two major investments, Peninsula (RentX) and Electro Metals, which could be funded at levels above their carrying values. Despite a flat performance in the summer, Quinsam notes an increase in trading prices for several investments and continues to trade at a discount from its net asset value. The company is searching for a value-creating transaction and has not repurchased any shares in its current issuer bid.