Queen's Road Capital Investment (TSE:QRC)
TSX:QRC
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Queen's Road Capital Investment
(TSX:QRC)
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Rating:76Outperform
Price Target:
C$18.00
▲(55.17% Upside)
Action:UpgradedDate:04/12/26
The score is driven primarily by solid financial strength (low leverage and strong recent profitability) but tempered by volatility and weak cash conversion versus reported earnings. Technicals are supportive with a clear uptrend and positive momentum, while valuation is very attractive due to the extremely low P/E and a modest dividend yield.
Positive Factors
Conservative leverage
Very low debt-to-equity (~0.09 TTM) and an expanded equity base provide durable financial flexibility. This conservatism reduces refinancing and solvency risk across commodity cycles, supports additional deal-making capacity, and cushions capital return programs during downturns.
Negative Factors
Earnings driven by non-core gains
Material reliance on fair-value adjustments and investment gains reduces earnings predictability. When much of reported net income is non-cash or event-driven, recurring profitability and the sustainability of margins are less certain, complicating capital allocation and dividend planning over multi-quarter horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low debt-to-equity (~0.09 TTM) and an expanded equity base provide durable financial flexibility. This conservatism reduces refinancing and solvency risk across commodity cycles, supports additional deal-making capacity, and cushions capital return programs during downturns.
Read all positive factors
Queen's Road Capital Investment (QRC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$824.39M
Dividend Yield2.2%
Average Volume (3M)19.02K
Price to Earnings (P/E)1.3
Beta (1Y)0.80
Revenue Growth-1.35%
EPS Growth496.34%
CountryCA
Employees19
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)3.73
Shares Outstanding51,045,666
10 Day Avg. Volume14,409
30 Day Avg. Volume19,016
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.01
Price to Sales (P/S)0.00
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., a resource focused investment company, invests in privately held and publicly traded resource companies. It acquires and holds securities of long-term capital appreciation with a focus on convertible debt secu...
How the Company Makes Money
QRC makes money primarily by deploying capital into financing transactions and earning returns from those investments. Its key revenue and return drivers typically include: (1) Interest income from loans and other credit investments, based on cont...
Queen's Road Capital Investment Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.10M | 0.00 | 23.20M | 10.29M | 8.51M | 71.39M |
| Gross Profit | 5.81M | -1.57M | 21.28M | 8.52M | 6.36M | 70.70M |
| EBITDA | 334.14M | 116.82M | 20.06M | 4.67M | -2.71M | 67.02M |
| Net Income | 332.32M | 115.08M | 18.04M | 4.34M | -3.48M | 67.02M |
Balance Sheet | ||||||
| Total Assets | 635.21M | 409.63M | 282.86M | 237.24M | 232.57M | 149.22M |
| Cash, Cash Equivalents and Short-Term Investments | 1.27M | 3.08M | 1.09M | 14.75M | 34.51M | 2.16M |
| Total Debt | 52.97M | 29.58M | 31.75M | 316.09K | 496.75K | 0.00 |
| Total Liabilities | 53.73M | 30.72M | 32.86M | 1.29M | 1.50M | 172.71K |
| Stockholders Equity | 581.47M | 378.91M | 250.00M | 235.95M | 231.08M | 149.05M |
Cash Flow | ||||||
| Free Cash Flow | 6.79M | 8.19M | 7.24M | 3.61M | 637.70K | 627.69K |
| Operating Cash Flow | 6.79M | 8.19M | 7.24M | 3.61M | 637.70K | 627.69K |
| Investing Cash Flow | -28.21M | -17.29M | -47.86M | -21.02M | -45.61M | -23.57M |
| Financing Cash Flow | 18.87M | 11.15M | 26.97M | -2.23M | 77.68M | 0.00 |
Queen's Road Capital Investment Technical Analysis
Positive
11.60
Price Trends
14.36
Positive
12.50
Positive
10.10
Positive
Market Momentum
0.23
Negative
67.47
Neutral
87.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QRC, the sentiment is Positive. The current price of 11.6 is below the 20-day moving average (MA) of 14.67, below the 50-day MA of 14.36, and above the 200-day MA of 10.10, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 67.47 is Neutral, neither overbought nor oversold. The STOCH value of 87.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | C$824.39M | 1.29 | 35.97% | 2.20% | -1.35% | 496.34% | |
71 Outperform | C$329.60M | 4.72 | 22.89% | ― | 550.81% | ― | |
70 Neutral | C$294.44M | 13.61 | 50.74% | 6.44% | -2.76% | -12.20% | |
69 Neutral | C$363.86M | 5.47 | 13.92% | 1.43% | -73.34% | 40.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$16.38M | 0.59 | 49.20% | 1.96% | ― | ― | |
54 Neutral | C$243.67M | -15.41 | -4.81% | ― | 8.11% | 97.99% |
* Financial Sector Average
TSE:QRC
Queen's Road Capital Investment
16.15
10.45
183.38%
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Queen's Road Capital Investment Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Queen’s Road Capital Hails Key Permit Win for Major NexGen Uranium Project
Positive
Mar 6, 2026
Queen’s Road Capital Investment has highlighted a major regulatory milestone for its portfolio company NexGen Energy, which has secured Canadian Nuclear Safety Commission approval of its environmental assessment and a licence to prepare and ...
Business Operations and StrategyPrivate Placements and Financing
Queen’s Road Capital Takes Initial 10.8% Potential Stake in ATHA Energy via US$25 Million Debenture
Positive
Feb 6, 2026
Queen’s Road Capital Investment Ltd. has acquired a US$25 million convertible debenture from ATHA Energy Corp., along with 1,552,900 common shares as an establishment fee, marking its initial position in the company. The debenture is convert...
Business Operations and StrategyPrivate Placements and Financing
Queen’s Road Capital Commits US$20 Million Convertible Debenture to ATHA Energy
Positive
Jan 13, 2026
Queen’s Road Capital Investment Ltd. has agreed to invest US$20 million in ATHA Energy Corp. through a five-year convertible debenture carrying a 12% coupon and convertible into ATHA shares at C$0.85, pending regulatory approval expected by ...
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.