# Queen's Road Capital Investment Ltd. (QRC.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Financial Services / Capital Markets. Price C$13.27, market value C$716 million.

## Valuation
- **P/E (trailing): 2.2×** (5-yr avg 27.2×, 3-yr avg 27.2×). Queen's Road Capital Investment Ltd. trades at 2.2× trailing earnings, well below its own five-year average of 27.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 23.4×**. Each dollar of revenue is priced at 23.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 3.2×**. Enterprise value is 3.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 1.2%** (5-yr avg 1.4%). Free cash flow equals 1.2% of the market value, in line with its five-year average of 1.4%.
- **Earnings yield: 45.5%**. The inverse of the P/E: 45.5% of the price is earned each year.

## Profitability
- **Return on equity: 30.4%**. 30.4% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 57.4%**. Return on all capital, debt included, is 57.4%: comfortably above what that capital costs.
- **Return on assets: 56.4%**. Each dollar of assets produces 56.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -3.9%** (3-yr 39.1%/yr). Revenue fell 3.9% over the last year.
- **EPS growth (1 yr): 500.0%**. Earnings per share rose 500.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 134.2%/yr**. Free cash flow has compounded at 134.2% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: C$3 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 1.88%** (C$0.36 per share, trailing). Queen's Road Capital Investment Ltd. yields 1.88%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 1%**. 1% of earnings goes out as dividends, leaving room to keep raising it.
- **Shareholder yield: 2.6%**. Dividends plus net buybacks return 2.6% of the market value a year.

## Price and momentum
- **Total return (1 yr): 57.9%** (YTD 18.3%, 3-mo -3.7%). The shares are up 57.9% over twelve months including dividends.
- **From 52-week high: -32.3%** (56.1% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 0.20** (volatility 36%). Beta of 0.20 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=QRC.TO · Page: https://foliofundamentals.com/stocks/qrc.to

Not investment advice.