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Quarterhill Inc QTRHF


Primary Symbol: T.QTRH Alternate Symbol(s):  T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. The Company provides end-to-end mobility systems to some of the tolling authorities in the United States, including in Texas, California and Illinois through Electronic Transaction Consultants, LLC (ETC). ETC’s core products comprise the riteSuite platform, a scalable and customizable cloud-based tolling and mobility solution. The platform has applications for the roadside and back office, with strengths in vehicle identification, tracking, dynamic pricing and interoperability amongst agencies. The Company’s wholly owned subsidiary is International Road Dynamics Inc. (IRD), is a multi-discipline, technology company and provider of Intelligent Transportation Systems. It provides integrate ITS technologies into systems designed to solve and challenging transportation problems.


TSX:QTRH - Post by User

Comment by cabbieJBJon Jun 05, 2024 12:16pm
201 Views
Post# 36073396

RE:RE:TTI digital magazine/Chuck Myers interview

RE:RE:TTI digital magazine/Chuck Myers interviewI agree DIYGuy. 

Here's the deal - analysts project 2024 QTRH revenue at +7.7% and 2025 at 11.4%. To meet management's goal QTRH needs +25% per annum.  At some point, provided QTRH is successful in building revenue above analysts' estimates, there will be upgrades.  Additionally there may be a case to increase the mutiple, which is currently hovering around 10x forward earnings.  This assumes continued progress on margin improvement.  Analysts' per share AEBITDA for 2024/2025 is C$0.12/$0.22.  2023's AEBITDA was C$0.03/share

FYIW, my revenue model projects 2024 and 2025 at +18.6% and 25.2% respectively and my AEBITDA is C$0.16/$0.33 per share for 2024/2025 respectively.  I believe there is upside in my model.
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