Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
BQE.V
BUYAPPROVEBQE Water Inc. · Industrials · Canada · $77M · Avg Vol: $43K/d
BQE Water is an exceptional, asset-light compounder operating at a massive macro inflection point. It provides specialized wastewater treatment services to the mining industry, specifically removing toxic metals and sulfates. As copper and critical mineral mining accelerates to meet electrification demand, miners face unprecedented environmental regulatory scrutiny. BQE's proprietary technology is a critical enabler, allowing mines to operate. Its business model is highly recurring and royalty-like, generating exceptional ROIC with a long runway.
COMPANY DESCRIPTION
BQE Water Inc. is a Canadian environmental services firm specializing in water treatment solutions for the global mining and metallurgical industries. The company designs, builds, and operates plants utilizing proprietary technologies to remove toxic contaminants like selenium, sulfate, and heavy metals from industrial wastewater. BQE's competitive moat is its intellectual property portfolio and its recurring revenue model based on long-term operations and maintenance contracts with major global mining companies.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 9M | 13M | 12M | 26M | 43.0% |
| EPS | 0.67 | 1.54 | 2.74 | 4.51 | 88.5% |
| Shares | 1M | 1M | 1M | 1M | +3.3% |
| Debt | 395,390 | 1M | 1M | 2M | 61.8% |
| Equity | 9M | 11M | 15M | 21M | 31.6% |
| Op CF | -263,434 | 630,358 | 2M | 4M | 142.3% |
| Inv CF | 2M | 951,777 | 337,809 | 1M | — |
| Fin CF | -141,163 | -322,473 | 221,903 | 272,284 | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of BQE.V are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BQE.V | BQE Water Inc.(you) | $77M | 80 | BUY |
| BLM.V | BluMetric Environmental Inc. | $30M | 15 | STRONG SELL |
| YES.V | CHAR Technologies Ltd. | $28M | 9 | STRONG SELL |
| SES.TO | SECURE Waste Infrastructure Corp. | $3.3B | 63 | HOLD |
| SECU.V | SSC Security Services Corp. | $57M | 72 | BUY |
| DE.V | Decisive Dividend Corporation | $142M | 85 | STRONG BUY |
| APT | Alpha Pro Tech, Ltd. | $59M | 92 | STRONG BUY |
| DCM.TO | DATA Communications Management Corp. | $69M | 97 | STRONG BUY |
| BRM.V | BioRem Inc. | $37M | 94 | STRONG BUY |
| HMM-A.TO | Hammond Manufacturing Company Limited | $149M | 98 | STRONG BUY |
Peer medians: ROE 10.9% · P/E 26.6x · Gross margin 28.9%