EN DE

Quarterhill Inc (QTRH) Fair Value & Analysis

Technology · CA · Market cap C$318M

QI Quarterhill Inc QTRH · TO
PriceC$3.20
Fair ValueC$0.3900
Upside-87.8%
Quality48/100
Watch Quarterhill Inc for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Loss-making · -32.1% net margin
Low debt · generates free cash flow
Trails peers (4/12)
Narrow moat 13/100
Evidence: Low Range C$0.1900 – C$0.6000 Share as image

Fair value as of: Jul 17, 2026

From 7 valuation models · updated 25 days ago

Share price +34.5% over the past month.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$0.6000). The favourable scenario is already priced in.
  • The model range is unusually wide (C$0.1900 to C$0.6000). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

C$3.20 C$0.8900 Fair Value C$0.3900 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range C$0.8900 – C$3.20 · fair‑value band C$0.1900 – C$0.6000 · the C$3.20 price screens above the C$0.3900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Quarterhill Inc (QTRH) currently trades at C$3.20, while our model-based Fair Value estimate is C$0.3900, implying the stock looks roughly 87.8% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology 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: low).

Over the trailing twelve months, Quarterhill Inc generated revenue of C$160M at a net margin of -32.1%. Revenue grew 13.9% year over year. It earns a return on equity of -50.3%. Net debt stands at C$34.9M. Fundamentals as of Jul 17, 2026

Our scenario range runs from C$0.1900 (bear case) to C$0.6000 (bull case); at C$3.20, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 260% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -88%, QTRH screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$0.8800 C$1.37 C$2.14 80
Rev-Margin DCF C$0.8500 C$1.34 C$2.35 74
NCAV (Graham) C$0.3500 C$0.4700 C$0.6900 50
All 7 models by family
DCF Models
FCF DCF C$0.9200 C$1.25 C$2.24 38
5Y Revenue Exit C$0.7900 C$1.19 C$2.03 39
10Y Revenue Exit C$0.8200 C$1.48 C$1.88 36
Multiples
EV/Revenue C$0.6900 C$0.8900 C$1.10 43
Asset-Based
NCAV (Graham) C$0.3500 C$0.4700 C$0.6900 50
Growth DCF
Growth DCF C$0.8800 C$1.37 C$2.14 80
Rev-Margin DCF C$0.8500 C$1.34 C$2.35 74

Widest divergence: Growth DCF (C$1.34) versus Asset-Based (C$0.4700). Highest evidence: Growth DCF (80).

Notify me when QTRH reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) C$160M
Revenue growth (YoY) +13.9%
Net margin -32.1%
Return on equity -50.3%
Free cash flow C$6.3M FY2025
Operating margin -9.5%
More key figures
EPS (TTM) C$-0.6300
EPS growth (YoY) +107%
Net debt C$34.9M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 82

Profitability 16
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Quarterhill Inc., together with its subsidiaries, provides tolling and mobility systems and solutions in the United States, Thailand, Germany, Canada, South Korea, Belgium, France, Chile, and internationally.

Full company description

Quarterhill Inc., together with its subsidiaries, provides tolling and mobility systems and solutions in the United States, Thailand, Germany, Canada, South Korea, Belgium, France, Chile, and internationally. The company offers in-road sensor and above-ground AVDC, performance measurement, system monitoring, business intelligence, image-based processing, and transit event processing and capture; self-service and ERP/CRM commerce and mobility platforms; and system performance audit, violation enforcement, and digital video audit. It also provides portable scales, WIM controllers, weigh-in-motion, over-dimension, and AI and machine vision; bicycle and vehicle data, radar speed signs, and vulnerable road user, vehicle, and radar detection; and TRS plus, traffic A.C.E.+, icoms analytics, and VI2M, as well as tire, bicycle, toll, and axle sensors. In addition, the company offers congestion charging, performance management, insights and analytics, processing systems, and lane configuration; toll interoperability, mobility marketplace, and back office; maintenance, e-screening, tire anomaly detection, weight compliance, and commercial roadside technologies; multi-modal data and intersection management; and video-based systems, traffic recording and in-road sensor systems, and cloud-based solutions. Its products are used in tolling, safety and enforcement, and logistics industries. The company was formerly known as Wi-LAN Inc. and changed its name to Quarterhill Inc. in June 2017. Quarterhill Inc. was incorporated in 1992 and is headquartered in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Quarterhill Inc reported revenue of C$158M in FY2025 versus C$126M in FY2021, a compound +5.9%/yr. Reported net income was −C$55.4M in FY2025.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$158M
Latest YoY
+48.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.8%
Avg. growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.3%
Revenue +5.9%/yr
FY21 C$126M
FY22 C$159M
FY23 C$194M
FY24 C$107M
FY25 C$158M
Net income
FY21 −C$22.2M
FY22 C$2.8M
FY23 −C$50.0M
FY24 −C$7.7M
FY25 −C$55.4M

QTRH screens 88% overvalued. Compare with Cisco Systems, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Quarterhill Inc Fair Value". https://www.fairvalue-calculator.com/stock/QTRH

Peer Group

Communication Equipment · 286 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −88% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -32% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth 14% · Above median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/B 2.74× · Pricier than median
P/S (TTM) 1.43× · Cheaper than median
P/FCF 36.1× · Pricier than 75% of peers
PEG 0.13× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 70 · sector 30
PAST 0 · sector 15
HEALTH 100 · sector 98
DIVIDEND 0 · sector 25

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

Compare Quarterhill Inc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Quarterhill Inc (QTRH) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of C$0.3900 versus a price of C$3.20, about −88% (overvalued).
What is the fair value of QTRH?
Our model-based fair value for Quarterhill Inc is C$0.3900 (as of Jul 17, 2026), built from audited fundamentals. The current price is C$3.20.
What is the quality score of QTRH?
Quarterhill Inc has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Quarterhill Inc (QTRH)?
Quarterhill Inc reported trailing-twelve-month revenue of about C$160M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of QTRH?
The net profit margin of Quarterhill Inc is about -32.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Quarterhill Inc and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.