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Investor Insights

This summary was created by AI, based on 10 opinions in the last 12 months.

Multiple experts have expressed optimism about Quarterhill Inc, highlighting factors such as the company's focus on driving shareholder value, massive infrastructure spending in the intelligent transportation sector, and the company's backlog and improving margins. The company has undergone significant changes in the past 6 months, with a new board and management team, and has de-risked its balance sheet. Despite previous challenges with credit ratios, the company has secured a relief program to maintain its debt levels and create more working room for growth. Overall, Quarterhill Inc. is showing potential for a turnaround and has garnered interest from institutional investors.

Consensus
Optimistic
Valuation
Undervalued
PAST TOP PICK
Quarterhill Inc
(A Top Pick Jun 28/23, Up 26%)

One of his biggest positions. Huge backlog, growing addressable market. Divested one segment, so now a pure play in technology, and valuation should increase. Experienced management and strong board. Starting to attract institutional interest. Significant, hidden value through its massive amounts of data. Insider buying, very telling.

electrical / electronic
HOLD
Quarterhill Inc

"Thesis creep" is when you change your investment thesis to fit what the company's doing. Intelligent management systems for traffic. Buying businesses, winning contracts with US government. Unique small cap. You could hold. Outlook is generally positive, but not for him.

He owns the convertible debentures yielding 6%, gives defensiveness. Well capitalized, bunch of cash on balance sheet.

electrical / electronic
BUY
Quarterhill Inc
Adding to small- and mid-caps?

That's right. They've been severely beaten up over the last few years. Massive outflow of funds out of Canada, and it hits the smaller stocks even more. A lot of retail investors put in fund redemptions last year, so that created many bargains.

Over the last 6 months, he added to many of his small- and mid-cap positions. Companies like QTRH, JWEL, and EQB.

electrical / electronic
STRONG BUY
Quarterhill Inc

One of his biggest positions. Fantastic board, much-improved management team with wonderful expertise in a great space. Focused on driving shareholder value. Huge backlog. Should see improved margins. Insiders buying a lot of stock.

electrical / electronic
HOLD
Quarterhill Inc

Producer of intelligent transportation systems (toll booths etc.). Large growth in sector with electronic demand. Share price coming back down to reasonable levels. Management performing well. Would continue to hold shares if already hold. Not top pick, but good business. 

electrical / electronic
BUY
Quarterhill Inc

He was the lead activist investor. Since then, they have a brand new board and management board with serious experience. They're in a great space; huge infrastructure spending will happen in coming decades in intelligent transportation. They lead in electronic tolls in the US and lead in electronic weighing of vehicles. Insiders are buying a lot of stock in recent months, so they have a lot of confidence; this is rare and bodes well. Much upside ahead. 

electrical / electronic
PARTIAL BUY
Quarterhill Inc
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The company is seeing positive growth in the tolling and enforcement business, and it has a revenue backlog exceeding $500M. Its market cap is around $228M, and its price has begun to turnaround since the summer, where it announced a credit relief program for its subsidiary. The company expects a stronger Q4 as certain revenue from two of its tolling projects was pushed into subsequent periods due to scheduling adjustments. Its balance sheet is OK, profit margins have been improving (while still unprofitable), and its valuation is cheap (trading less than book value and a forward sales multiple of 1.2X). We feel this could be the beginnings of a turnaround for the company, but we would like to see sustained progress on its efforts towards profitability and growth.
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electrical / electronic
BUY
Quarterhill Inc

It has gone through tremendous changes in the past 6 months. He teamed up with others to buy 10% of the company and forced the board to make changes. It is in the Intelligent Transportation space and the board is now much more experienced in this area. Also the new CEO and Chairman have tremendous experience in this field and were part of a company that pioneered ITS. The balance sheet has been de-risked with the sale of Wi-Lan and the implementation stage of the transformed company is now over. There are also better margins now. It is very cheap so institutional investors may start to look at it again. 

electrical / electronic
BUY
Quarterhill Inc

Sold IP patent portfolio business, used proceeds to pay off debt. Now a pure-play transportation solutions provider, a great business. Leading technology. Record backlog. Great new Board members. Undervalued. Expects a massive re-rating when institutions come back in, especially once new CEO is chosen. Anticipates better execution and financial de-risking.

electrical / electronic
BUY ON WEAKNESS
Quarterhill Inc

Transportation services business (tech in infrastructure).
Not at large enough scale to justify in yet.
Will be successful for the long term, but waiting to buy.

electrical / electronic
DON'T BUY
Quarterhill Inc
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Earlier in the year, QTRH's subsidiary, Quarterhill ITS, had fallen outside of certain covenant ratios (covenants required to maintain credit with the bank), but this updated credit agreement will secure a covenant relief period till the end of the year. Essentially, it helps the company maintain its debt levels and it provides the company with more working room to attempt to grow its operations and bring those ratios back in line with its covenants. Without the company being in line with its covenants, additional debt cannot be taken on, and this hinders future growth opportunities, thus a relief program gives the company more time to bring those ratios in line.
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electrical / electronic
TOP PICK
Quarterhill Inc

World leaders in both electronic tolling and in weights and measures enforcement. Sold IP licensing, now pure-play intelligent transportation systems. This has piqued institutional interest. Huge backlog. Margins will improve. New Board members will bring new blood. Yield 3.97%.

(Analysts’ price target is $1.95)
electrical / electronic
COMMENT
Quarterhill Inc

It has two segments, Wi-Lan which is a patent portfolio, and intelligent transportation systems. It is trying to sell Wi-Lan and this would be a good catalyst if it did. It has had disappointing margins and needs to get through the implementation phase on some of the contracts. Costs have been out of control and the CEO has suddenly stepped down which means he was probably fired. A new CEO could add another catalyst to the company. They are very critical of the Board.

electrical / electronic
PAST TOP PICK
Quarterhill Inc
(A Top Pick Jan 20/22, Down 27%)

Expects them to sell a division so they become a pure play in intelligent transportation systems only like e-toll lanes. Now have an $800 million backlog, because governments need more ways to collect money from drivers to pay for highways. Should fetch $1 per share once that division is sold, and that's when instutional investors will come in.

electrical / electronic
PAST TOP PICK
Quarterhill Inc
(A Top Pick Jan 20/22, Down 42%) It has fallen with the tech sell-off. The licensing part of the business is up for sale. The other part is providing intelligent transportation systems and it is a global leader in this area with a backlog of more than $700 million. One of its technologies can measure the weight of vehicles while they are moving on the highway. It has about $2 billion in new opportunities ahead. If the licensing business sells for $1.00 per share, this makes the ITS part very undervalued. Also pays a dividend.
electrical / electronic
Showing 1 to 15 of 321 entries

Quarterhill Inc(QTRH-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 10

Stockchase rating for Quarterhill Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Quarterhill Inc(QTRH-T) Frequently Asked Questions

What is Quarterhill Inc stock symbol?

Quarterhill Inc is a Canadian stock, trading under the symbol QTRH-T on the Toronto Stock Exchange (QTRH-CT). It is usually referred to as TSX:QTRH or QTRH-T

Is Quarterhill Inc a buy or a sell?

In the last year, 10 stock analysts published opinions about QTRH-T. 8 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Quarterhill Inc.

Is Quarterhill Inc a good investment or a top pick?

Quarterhill Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Quarterhill Inc.

Why is Quarterhill Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Quarterhill Inc worth watching?

10 stock analysts on Stockchase covered Quarterhill Inc In the last year. It is a trending stock that is worth watching.

What is Quarterhill Inc stock price?

On 2024-07-25, Quarterhill Inc (QTRH-T) stock closed at a price of $1.65.