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
BUY
Quarterhill Inc
Tremendous value. Received massive settlement from AAPL last quarter, estimated at 100M USD. Patent portfolio is for sale. Will become a pure play intelligent transportation solutions company, which means tolls and weight in motion. Huge contracts in last 6 months. Will benefit from government infrastructure spending.
electrical / electronic
BUY
Quarterhill Inc
Patent portfolio currently for sale. Recent settlement with Apple will result in $100MM cash payment to QTRH. Growing company through mergers and acquisitions. World leaders in intelligent transportation. Bidding on contracts to build pipelines. Waiting for re-rating on stock soon. Current price presenting good buying opportunity.
electrical / electronic
BUY
Quarterhill Inc
last week they signed a huge announcement, a patent agreement (a jury had awarded over US$100 million), though the actual figure is sealed. The money will help a lot with a recent divestment. Great value creation is coming. It's a new position for him that he's been accumulating for six months.
electrical / electronic
HOLD
Quarterhill Inc
Not a good time to sell company. Lots of catalysts available for company to improve share price. Company announced that will divest WiLAN IP portfolio. Recently made some good acquisitions. Stock should be trading at $4.00 (currently trading at $2.00). Expecting new board of directors additions. Presenting good buying opportunity.
electrical / electronic
TOP PICK
Quarterhill Inc
Intelligent transportation, an area showing strong growth. Lots of cashflow. Recently bought into toll technology in US and weights/motion technology for traffic data collection. Very little downside. Sees upside from impending catalysts targeted for next 6 months. Yield is 1.91%.
electrical / electronic
TOP PICK
Quarterhill Inc
The have been a patent holding company that has been acquiring companies in the intelligent transportation space in road tolling and surface sensing. A real growth industry as governments invest in infrastructure. They are bidding on $4 billion worth of contracts. The patent business is worth $1-$2 per share and the transportation segment another $3.50. They also expect another $1 per share value company from a legal issue with Apple. Collectively its worth $6.50 per share. The CEO has bought a lot of shares personally. Yield 1.85% (Analysts’ price target is $3.68)
electrical / electronic
BUY
Quarterhill Inc

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their Q3 report was very positive and beat estimates. The revenue forecast is 40% compared to last year. The EBITDA forecast is nearly 75% of 2019 levels. The stock should start being more noticed. Unlock Premium - Try 5i Free

electrical / electronic
TOP PICK
Quarterhill Inc

A lawsuit with Apple resulted in $85.3 million settlement in their favour, but it is not all settled yet -- it could take years. All three of their divisions are earning well, but earnings are lumpy. Earnings come out February 27. They are searching for a new CEO. They have $70 million in the bank, which may lead to a special dividend. Yield 2.66% (Analysts’ price target is $2.43)

electrical / electronic
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Quarterhill Inc(QTRH-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

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, 5 stock analysts published opinions about QTRH-T. 4 analysts recommended to BUY the stock. 1 analyst 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?

5 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 2023-09-22, Quarterhill Inc (QTRH-T) stock closed at a price of $1.49.