TSX · Asset Management · CAD

Queen's Road Capital Investment Ltd. (QRC.TO) Stock Analysis

Queen's Road Capital Investment Ltd. (QRC.TO) is a Asset Management stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

QRC.TO

CA$13.99

+CA$0.24 (+1.75%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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QRC.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$14.15
Previous Close: CA$13.75
Day's Range: 13.99–14.15
52-Week Range: 8.50–19.60
Volume: 6.50K
Beta: 0.63

Valuation

Market Cap: CA$754.94M
P/E Ratio: 2.32
P/S ratio: 3.14
EPS (ttm): 6.04

Financials (FY)

Revenue (FY): CA$22.88M−3.91%
Net Income (FY): CA$115.08M+538.06%
Profit margin: 96.13%
Shares Outstanding: 53.96M
1-Year Return: +64.39%

Dividend and dates

Dividend: CA$0.36+2.58%
Ex-Dividend Date: May 20, 2026
Earnings Date: November 16, 2026estimated
Avg Volume: 3.83K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, QRC.TO closed at CA$13.99, +64.39% over 1 year.

Queen's Road Capital Investment Ltd. (QRC.TO) has a market capitalization of CA$754.94M.

In fiscal 2025, QRC.TO reported revenue of CA$22.88M.

QRC.TO Stock Return by Calendar Year

Queen's Road Capital Investment Ltd. (QRC.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$16,439; +64.39%
5 years: CA$10,000 CA$20,028; +100.28%
10 years: CA$10,000 CA$160,215; +1,502.15%

If you had invested CA$10,000 in Queen's Road Capital Investment Ltd. (QRC.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$160,215 at the close on October 21, 2026: +1,502.15% in total, +31.97% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−52.18%+754.62%+22.80%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+22.80%
2025	+70.93%
2024	−13.46%
2023	+24.16%
2022	−10.58%
2021	+3.19%
2020	+63.83%
2019	+754.62%
2018	−52.18%
2017	+53.32%
2016 (partial year)	−50.00%

As of October 21, 2026.

QRC.TO Revenue and Earnings by Fiscal Year

FY ends August

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$22.88M	CA$115.08M	503.0%
2024	CA$23.81M	CA$18.04M	75.7%
2023	CA$10.29M	CA$4.34M	42.2%
2022	CA$8.51M	−CA$3.48M	−40.9%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$22.88M	—	CA$116.75M	CA$115.08M	503.0%
2024	CA$23.81M	CA$21.28M	CA$19.96M	CA$18.04M	75.7%
2023	CA$10.29M	CA$8.52M	CA$4.67M	CA$4.34M	42.2%
2022	CA$8.51M	CA$6.36M	−CA$2.43M	−CA$3.48M	−40.9%

Annual figures as reported, in the company's reporting currency. As of August 31, 2025.

QRC.TO Dividend History

’21’22’23’24’25’26*

CA$0.23+9.5% vs 2024

Dividends per share, 2025 · 1 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.13	1	—
2025	CA$0.23	1	+9.5%
2024	CA$0.21	1	+10.5%
2023	CA$0.19	1	+11.8%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.13	1	—
2025	CA$0.23	1	+9.5%
2024	CA$0.21	1	+10.5%
2023	CA$0.19	1	+11.8%
2022	CA$0.17	1	+13.3%
2021	CA$0.15	1	—

Most recent payment: CA$0.13 per share, ex-dividend May 20, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

QRC.TO Valuation vs Asset Management Median

Median of 512 stocks

Metric	QRC.TO	Asset Management median	vs median
P/E	2.32	9.44	0.2x the median
P/S ratio	3.14	8.59	63% below
Profit margin	96.13%	74.97%	21.2 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Queen's Road Capital Investment Ltd. (QRC.TO) carries a market capitalisation of CA$754.94M. The company sits in the Financial Services sector, in the Asset Management industry.

The most recent close on file for QRC.TO is CA$13.99, dated October 21, 2026. That is +CA$0.24 (+1.75%) against the previous close. The 52-week range on file runs from CA$8.50 to CA$19.60. The latest close sits 64.59% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$22.88M. Against the prior fiscal year total of CA$23.81M, that is a change of −3.91%. The same year closed with net income of CA$115.08M. That is +538.06% against the prior fiscal year. Profit margin runs at 96.13%. That is 21.2 percentage points above the Asset Management median of 74.97%. Earnings per share on a trailing basis come to 6.04.

Across the 4 fiscal years on file, revenue moves from CA$8.51M in 2022 to CA$22.88M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

QRC.TO trades at a trailing price-to-earnings ratio of 2.32. That is 0.2 times the Asset Management median of 9.44. Measured against sales, the shares trade at 3.14 times revenue. On price-to-sales that is 63.41% below the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

The trailing one-year total return is +64.39%. Measured over 10 years, that is +31.97% a year compounded. The reported beta is 0.63. Daily returns over the trailing 10 years annualize to a volatility of 175.3%.

Growth & Income

The trailing dividend yield is 2.58%. That is 6.3 percentage points below the Asset Management median yield of 8.91%. At the indicated rate that is CA$0.36 a share a year. The ex-dividend date on file is May 20, 2026. Dividends are recorded for 6 calendar years; 2026 shows 1 payments totalling CA$0.13 a share. The year before, 2025, totalled CA$0.23 a share.

So far in 2026 the total return is +22.80%. The strongest complete calendar year on file is 2019 at +754.62%; the weakest is 2018 at −52.18%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Queen's Road Capital Investment Ltd. (QRC.TO) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Queen's Road Capital Investment Ltd.	QRC.TO	CA$754.94M	2.3
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Asset Management industry average P/E ratio is 9.4x. Queen's Road Capital Investment Ltd. trades at a P/E of 2.3.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Queen's Road Capital Investment Ltd.

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.

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