Overview
Quarterhill Inc. is a Canadian company primarily engaged in the acquisition, management, and licensing of intellectual property (IP). Headquartered in Ottawa, Ontario, Quarterhill operates predominantly through its subsidiaries in technology and patent licensing within the fields of communication and networking. The company strategically focuses on IP-related opportunities, leveraging its portfolio of patents and innovations developed in-house or acquired to generate revenue. Its business model emphasizes monetization strategies such as patent licensing deals, intellectual property rights management, and, if necessary, IP litigation to defend its assets. This approach allows Quarterhill to serve a diverse range of industries, including telecommunications, automotive, and digital media, capitalizing on advancements in technology and new applications of existing patents.
Basic Stats
The share price of Quarterhill Inc. as of June 7, 2024 is $1.27 / share. The market cap (or net worth) of Quarterhill Inc. as of September 5, 2025 is $148.41 MM.
The Factor Analysis chart (below right) shows a view of Quarterhill Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 148.41 MM |
| EV | 197.01 MM |
| Shares Out. | 116.86 MM |
| Earnings Date | |
| EPS (TTM) | -0.16 |
| Dividend Yield | |
| Ex-Dividend Date | 2023-03-30 |
| Borrow Rate | 2.05 |
| Short Shares Avail. | 0.01 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | -7.79 |
| Price/Book | 1.24 |
| Price/TBV | 13.05 |
| Book/Market | 0.81 |
| EBIT/EV | -0.10 |
| EBIT(3yr avg)/EV | -0.02 |
| ROA | -0.08 |
| ROE | -0.14 |
| ROIC | -0.10 |
| CROIC | -0.01 |
| OCROIC | -0.02 |
| Implied Volatility | |
| Put/Call OI Ratio |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Quarterhill Inc. is $1.33. The forecasts range from a low of $1.22 to a high of $1.49. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Quarterhill Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-20 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-11-08 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-08-10 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-09 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-09 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-08-08 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-06-16 | M PARTNERS | Buy | Buy | Maintains |
| 2023-06-15 | M PARTNERS | Buy | Buy | Maintains |
| 2023-05-10 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-05-10 | M PARTNERS | Buy | Buy | Maintains |
| 2023-05-09 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-05-09 | M PARTNERS | Buy | Buy | Maintains |
| 2023-03-23 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-03-22 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-03-21 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-02-02 | M PARTNERS | Buy | Buy | Maintains |
| 2023-02-01 | M PARTNERS | Buy | Buy | Maintains |
| 2022-11-14 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-11-13 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-10-28 | STA Research | Speculative Buy | Maintains | |
| 2022-05-16 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-05-15 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-04-08 | Raymond James Capital | Outperform | Initiate | |
| 2022-02-07 | Raymond James Financial | Outperform | Initiate | |
| 2021-12-16 | Raymond James Financial | Outperform | Initiate | |
| 2021-11-11 | RaymondJamesFinancial | Outperform | Initiate | |
| 2021-10-05 | Raymond James Financial | Outperform | Initiate | |
| 2021-08-26 | Raymond James Financial | Outperform | Initiate | |
| 2021-08-06 | CIBC World Markets | Outperform | Initiate | |
| 2021-05-21 | CIBC World Markets | Outperform | Maintains | |
| 2021-05-07 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2021-05-06 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2020-08-10 | CIBC World Markets | 3.47 | 4 | Upgrade |
| 2020-08-07 | Cormark Securities | 3 | 2.75 | Downgrade |
| 2020-01-27 | Canaccord Genuity | 1.75 | 2.4 | Upgrade |
| 2019-08-09 | Cormark Securities | 2 | 2.25 | Upgrade |
| 2019-01-07 | Cormark Securities | Buy | Market Perform | Downgrade |
| 2019-01-07 | Canaccord Genuity | Speculative Buy | Hold | Downgrade |
| 2018-11-09 | Canaccord Genuity | 2.5 | 2 | Downgrade |
| 2018-08-02 | Canaccord Genuity | Hold | Speculative Buy | Upgrade |
| 2018-05-11 | Cormark Securities | Buy | Market Perform | Downgrade |
| 2018-03-02 | Canaccord Genuity | Buy | Speculative Buy | Downgrade |
| 2024-05-13 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-05-12 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-12-19 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-11-07 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-03-17 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-03-16 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-03-16 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-11-24 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-11-07 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-06-23 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-05-15 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-05-14 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
