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Queen's Road Capital Investment Ltd (QRC) Fair Value & Analysis

Financial Services · CA · Market cap C$740M

QS Queen's Road Capital Investment Ltd QRC · TO
PriceC$12.98
Fair ValueC$10.40
Upside-19.9%
Quality95/100
Evidence: High Range C$7.80 – C$13.00

Fair value as of: Jun 26, 2026

From 23 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from C$22.07 to C$10.40 (−52.9%) since Jun 24, 2026. Share price −7.3% over the past month.

Price vs Fair Value (12 months)

C$16.03 C$6.54 Fair Value C$10.40 Jun 2025 Jun 2026

12‑month range C$6.54 – C$16.03 · fair‑value band C$7.80 – C$13.00 · the C$12.98 price screens above the C$10.40 fair value. As of Jun 26, 2026.

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Analysis

Queen's Road Capital Investment Ltd (QRC) currently trades at C$12.98, while our model-based Fair Value estimate is C$10.40 — implying the stock looks roughly 19.9% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Queen's Road Capital Investment Ltd generated revenue of C$336M at a net margin of 98.5%. Revenue grew 13.1% year over year. It earns a return on equity of 79.6%. Net debt stands at C$26.5M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) C$336M
Revenue growth (YoY) +13.1%
Net margin 98.5%
Return on equity 79.6%
Free cash flow C$8.2M FY2025
P/E ratio 1.7
More key figures
Operating margin 99.3%
EPS (TTM) C$8.78
Dividend yield 1.9%
EPS growth (YoY) +10.2%
Net debt C$26.5M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

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 securities and resource projects in advanced development or production located in safe jurisdictions. The company was formerly known as Lithion Energy Corp. and changed its name to Queen's Road Capital Investment Ltd. in January 2020. Queen's Road Capital Investment Ltd. was incorporated in 2011 and is based in Central, Hong Kong.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Queen's Road Capital Investment Ltd reported revenue of C$120M in FY2025 versus C$71.4M in FY2021, a compound +13.9%/yr. Reported net income was C$115M in FY2025, compounding +14.5%/yr from FY2021.

Revenue +13.9%/yr
FY21 C$71.4M
FY22 C$8.5M
FY23 C$10.3M
FY24 C$23.2M
FY25 C$120M
Net income +14.5%/yr
FY21 C$67.0M
FY22 −C$3.5M
FY23 C$4.3M
FY24 C$18.0M
FY25 C$115M

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Frequently asked questions

Is Queen's Road Capital Investment Ltd (QRC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of C$10.40 versus a price of C$12.98 — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of QRC?
Our 21-model fair value for Queen's Road Capital Investment Ltd is C$10.40 (as of Jun 26, 2026), built from audited fundamentals. The current price is C$12.98.
What is the quality score of QRC?
Queen's Road Capital Investment Ltd has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Queen's Road Capital Investment Ltd (QRC)?
Queen's Road Capital Investment Ltd reported trailing-twelve-month revenue of about C$336M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of QRC?
The net profit margin of Queen's Road Capital Investment Ltd is about 98.5%, meaning it keeps roughly 98.5% of revenue as net income. Based on the latest reported figures.
Does Queen's Road Capital Investment Ltd pay a dividend?
Queen's Road Capital Investment Ltd currently shows a dividend yield of about 1.85% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.