BQE Water Inc. (BTQNF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 17.62 means the share price is 17.62 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $63.7M is the value of all shares combined. Beta 0.15: the stock has moved about 85% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerBQE Water Inc. (BTQNF) trades at $49.00. BQE Water Inc. specializes in wastewater treatment solutions for the mining and metallurgical industries, offering technologies for metal recovery, sulphate removal, and cyanide treatment. Market cap: $63.7M, Sector: Industrials.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for BTQNF: BTQNF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BTQNF against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
BTQNF: 2/2 scored disciplines lean bullish. Dominant signal: Izzy Englander bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
BQE Water Inc. (BTQNF) Industrial Operations Profile
BQE Water Inc. delivers specialized water treatment solutions for the mining and metallurgical sectors, focusing on metal recovery and contaminant removal. With proprietary technologies like BioSulphide and Selen-IX, the company addresses complex wastewater challenges globally, differentiating itself through tailored solutions for the industrial waste management market.
What Is the Investment Thesis for BTQNF?
BQE Water Inc. presents a focused investment opportunity within the industrial water treatment sector. The company's proprietary technologies for metal recovery and contaminant removal in mining wastewater offer a competitive edge. With a market capitalization of $63.7M and a P/E ratio of 17.62, BQE Water demonstrates profitability, supported by a profit margin of 22.9% and a gross margin of 41.4%. Growth catalysts include increasing environmental regulations and the rising demand for sustainable mining practices. The company's international presence and established client base provide a foundation for expansion. However, potential risks include fluctuations in commodity prices affecting mining activity and the competitive landscape of the water treatment industry. Investors should monitor the company's ability to secure new contracts and maintain its technological advantage.
Based on FMP financials and quantitative analysis
BTQNF Key Highlights
Market capitalization of $63.7M indicates a small-cap company with potential for growth.
- P/E ratio of 17.62 suggests the company is reasonably valued compared to its earnings.
- Profit margin of 22.9% demonstrates strong profitability in the industrial sector.
- Gross margin of 41.4% reflects efficient cost management in providing water treatment services.
- Beta of 0.15 indicates low volatility compared to the overall market, suggesting a relatively stable investment.
Who Are BTQNF's Competitors?
BTQNF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AFGVY Agfa-Gevaert N.V. | $2.29 | 0.00% | $177M | — |
| CEBUY Cebu Air, Inc. | $2.01 | 0.00% | $49.3M | — |
| CRKT Cirmaker Technology Corporation | $0.10 | -28.57% | $56.4M | — |
| DCMDF DATA Communications Management Corp. | $1.70 | -9.09% | $95.6M | — |
| DYFSF dynaCERT Inc. | $0.08 | 0.00% | $40.7M | — |
| YDDL One and one Green Technologies. Inc | $1.64 | -0.61% | $75.2M | 445-pillar |
| ENGS ENGS | $2.90 | +0.35% | $39.8M | 425-pillar |
| LNZA LanzaTech Global, Inc. | $5.88 | -0.68% | $12.9M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BTQNF's Key Strengths?
Proprietary water treatment technologies
- Expertise in mining and metallurgical wastewater
- Established client base
- Strong profit margin
What Are BTQNF's Weaknesses?
Small market capitalization
- Limited geographic diversification
- Dependence on the mining industry
- OTC market listing
What Could Drive BTQNF Stock Higher?
Increasing environmental regulations driving demand for wastewater treatment solutions.
- Growing adoption of sustainable mining practices.
- Potential new contracts for water treatment projects in emerging markets.
- Development and commercialization of new treatment technologies.
What Are the Key Risks for BTQNF?
Fluctuations in commodity prices affecting mining activity.
- Competition from larger water treatment companies.
- Economic downturn affecting mining activity.
- Limited liquidity due to OTC market listing.
- Dependence on the mining industry.
What Are the Growth Opportunities for BTQNF?
- Expansion into New Geographic Markets: BQE Water can leverage its established technologies and expertise to expand its presence in emerging markets with growing mining activities, such as Africa and Southeast Asia. These regions face increasing environmental challenges related to mining wastewater, creating a demand for BQE Water's specialized solutions. Successful expansion could significantly increase the company's revenue base within the next 3-5 years.
- Development of New Treatment Technologies: Investing in research and development to create new and innovative water treatment technologies can provide BQE Water with a competitive edge. Focusing on emerging contaminants and evolving environmental regulations can lead to the development of proprietary solutions that address unmet needs in the market. This ongoing innovation can attract new clients and strengthen the company's position as a technology leader.
- Strategic Partnerships and Acquisitions: Forming strategic alliances with mining companies, engineering firms, and other industry players can provide BQE Water with access to new projects and markets. Acquiring complementary technologies or companies can expand the company's service offerings and geographic reach. These partnerships can accelerate growth and enhance BQE Water's ability to deliver comprehensive water treatment solutions.
- Increased Adoption of Sustainable Mining Practices: The growing emphasis on environmental sustainability and responsible mining practices is driving demand for BQE Water's solutions. As mining companies face increasing pressure from investors, regulators, and the public to reduce their environmental footprint, they are more likely to adopt BQE Water's technologies for metal recovery and wastewater treatment. This trend creates a favorable environment for the company's growth.
- Stricter Environmental Regulations: Governments around the world are implementing stricter environmental regulations to protect water resources and minimize the impact of industrial activities. These regulations require mining companies to treat their wastewater to meet stringent standards, creating a demand for BQE Water's specialized treatment solutions. As regulations become more stringent, the company's expertise in metal recovery and contaminant removal will become increasingly valuable.
What Are BTQNF's Competitive Advantages?
- Proprietary Technologies: BQE Water's patented technologies like BioSulphide and Selen-IX provide a competitive advantage in treating specific contaminants.
- Specialized Expertise: The company's deep understanding of mining and metallurgical wastewater challenges allows it to offer tailored solutions.
- Established Client Base: Long-term relationships with mining companies provide recurring revenue and a strong foundation for growth.
- Regulatory Compliance: BQE Water's solutions help clients meet increasingly stringent environmental regulations, creating a demand for its services.
What Does BTQNF Do?
Founded in 1997 and headquartered in Vancouver, Canada, BQE Water Inc. has evolved into a key player in the industrial water treatment sector. Originally named BioteQ Environmental Technologies Inc., the company rebranded in 2017 to better reflect its focus on water solutions. BQE Water provides comprehensive wastewater management and treatment services, primarily targeting the mining and metallurgical industries. Its solutions address a wide range of contaminants, including metals, sulphate, selenium, nitrate, ammonia, and cyanide, found in mine drainage, run-off, tailings water, and other industrial wastewater sources. The company’s geographic reach extends across Canada, the United States, Latin America, China, and other international markets. BQE Water differentiates itself through its suite of proprietary technologies, such as BioSulphide, ChemSulphide, Met-IX, Sulf-IX, Sulf-IXC, and Selen-IX, which offer specialized treatment for various contaminants. These technologies enable the recovery of valuable metals and the removal of harmful substances, contributing to environmental sustainability and regulatory compliance for its clients.
What Products and Services Does BTQNF Offer?
- Provides wastewater management and treatment services.
- Offers water treatment solutions for mine drainage and run-off.
- Treats waste rock seepage, tailings water, and groundwater.
- Removes metals, sulphate, selenium, nitrate, ammonia, and cyanide from wastewater.
- Offers smelting and refining services for treating metals and sulphate.
- Provides hydrometallurgy services for the treatment of metals, cyanide, and acids.
How Does BTQNF Make Money?
- Provides water treatment solutions to mining and metallurgical industries.
- Offers proprietary technologies for metal recovery and contaminant removal.
- Generates revenue through contracts for wastewater treatment services.
- Provides on-site field testing and consulting services.
What Industry Does BTQNF Operate In?
BQE Water Inc. operates within the industrial water treatment sector, which is driven by increasing environmental regulations and the growing need for sustainable water management practices in industries like mining and metallurgy. The market is competitive, with players like AFGVY (Aqua Filtration Global), CEBUY (Clean Energy Building), CRKT (Crichton Corp), DCMDF (Deep Cooling), and DYFSF (Diversified Fluid Solutions) offering various water treatment solutions. BQE Water differentiates itself through its specialized technologies for metal recovery and contaminant removal, catering specifically to the complex wastewater challenges in the mining sector. The industry is expected to grow as companies face stricter environmental standards and seek cost-effective and sustainable water treatment solutions.
Who Are BTQNF's Key Customers?
- Mining companies
- Metallurgical companies
- Smelting and refining companies
- Hydrometallurgy companies
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in CAD, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 20 snapshots
| 2026-08-23 | 44 |
| 2026-08-27 | 44 |
| 2026-08-31 | 44 |
| 2026-09-04 | 44 |
| 2026-09-08 | 44 |
| 2026-09-11 | 44 |
What changed?
The score has stayed at 44.
Over the same 19 days the stock moved +0.0%.
BQE Water Inc. (BTQNF) Valuation Context
Valued at $63.7M, BTQNF is classified as a micro-cap stock.
BTQNF Revenue & Earnings Trend
In Q2 FY2026, BTQNF generated $6.7M in top-line revenue, marking a sequential increase of 92.2%. The company recorded net income of $1.3M, with diluted EPS of $1.02. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Industrials. Across the four most recent quarters, BTQNF averaged $0.69 in diluted EPS.
Company Profile
BQE Water Inc. operates in the Waste Management industry within the Industrials sector. It is headquartered in Vancouver, CA. The company is led by CEO David Kratochvil. BTQNF has traded publicly since 2010.
Key Financial Metrics
Return on equity for BQE Water Inc. stands at 18.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 14.5%, showing how much profit it generates from its asset base. BTQNF trades at a trailing price-to-earnings ratio of 17.62, below the Industrials sector average of ~28.00x. Its free cash flow yield is 4.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 6.41 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 5.7%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
BQE Water Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 6.74 places it in the safe zone, indicating low near-term bankruptcy risk.
Earnings Track Record
BQE Water Inc. has beaten Wall Street's EPS estimate in 5 of its last 8 reported quarters — more hits than misses. Reported results have landed about 158.8% below estimates on average.
BTQNF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Proprietary water treatment technologies
- Expertise in mining and metallurgical wastewater
- Established client base
- Strong profit margin
Bear Case
- Small market capitalization
- Limited geographic diversification
- Dependence on the mining industry
- OTC market listing
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $7M | $1M | $1.02 |
| Q1 FY2026 | $3M | -$922,889.011 | -$0.71 |
| Q4 FY2025 | $5M | $1M | $0.91 |
| Q3 FY2025 | $7M | $2M | $1.53 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from CAD at today's rate
BTQNF Latest News
-
BQE Water Announces Investor Call for Fall 2026
Yahoo! Finance: BTQNF News · Sep 2, 2026
-
BQE Water Reports Q2 2026 Results
newsfilecorp.com · Aug 27, 2026
BTQNF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for BTQNF.
Price Targets
Wall Street price target analysis for BTQNF.
BTQNF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for BTQNF; grades run from A+ (80-100) to F (below 30).
Leadership: David Kratochvil
CEO
David Kratochvil serves as the CEO of BQE Water Inc., bringing extensive experience in the water treatment and environmental technology sectors. His background includes a strong focus on developing and implementing sustainable solutions for industrial wastewater management. Kratochvil's expertise spans across various aspects of the business, from technology development to strategic partnerships and market expansion. He has a proven track record of driving growth and innovation in the environmental sector, with a commitment to delivering value to clients and stakeholders.
Track Record: Under David Kratochvil's leadership, BQE Water Inc. has focused on expanding its portfolio of proprietary technologies and strengthening its presence in key markets. He has overseen the successful implementation of several large-scale water treatment projects, demonstrating the effectiveness of the company's solutions. Kratochvil has also been instrumental in forging strategic partnerships and driving innovation in sustainable water management practices, contributing to the company's growth and reputation.
BTQNF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that BQE Water Inc. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk due to the potential for less transparency and liquidity.
- OTC Tier: OTC Other
- Limited financial disclosure
- Lower trading volume and liquidity
- Potential for wider bid-ask spreads
- Less regulatory oversight compared to major exchanges
- Higher risk of price volatility
- Verify the company's financial statements and disclosures.
- Assess the company's management team and track record.
- Evaluate the company's business model and competitive landscape.
- Review the company's legal and regulatory filings.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- Established presence in the water treatment industry
- Proprietary technologies for metal recovery and contaminant removal
- International operations in multiple countries
- Positive profit margin and gross margin
What Investors Ask About BQE Water Inc. (BTQNF) — Industrials
Is BTQNF a good stock?
Stock Expert AI does not rate BTQNF buy, sell or hold. BQE Water Inc. has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about BTQNF stock?
As of March 16, 2026, formal analyst ratings for BTQNF are not widely available, likely due to its OTC listing and smaller market capitalization. Key valuation metrics include a P/E ratio of 17.62, a profit margin of 22.9%, and a gross margin of 41.4%.
What are the main risks for BTQNF?
BQE Water Inc. faces several risks, including fluctuations in commodity prices, which can impact mining activity and demand for its services. Competition from larger water treatment companies with greater resources poses a threat.
What are the key factors to evaluate for BTQNF?
Evaluate BTQNF on fundamentals, analyst consensus, and risk factors. P/E: 17.62x vs the S&P 500's ~20-25x. BQE Water Inc. presents a focused investment opportunity within the industrial water treatment sector. Not financial advice.
How frequently does BTQNF data refresh on this page?
BTQNF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven BTQNF's recent stock price performance?
BQE Water Inc. (BTQNF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Proprietary water treatment technologies. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BTQNF overvalued or undervalued right now?
BQE Water Inc. (BTQNF) trades at 17.62x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of BTQNF?
Yes, most major brokerages offer fractional shares of BQE Water Inc. (BTQNF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- OTC market data may have limited transparency.