Stock fact sheet · data as of
BTQ Technologies Corp. (BTQ): fair value, margin of safety and Wheel Score
Ticker symbol BTQ · Technology · Software - Infrastructure · Canada · Speculative
Is BTQ undervalued?
At 1.94 (close of 5 Nov 2026), BTQ trades 1699% over the GLS average fair value of 0.1078, with 0 of 1 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
The average is built from just 1 models (DCF) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files BTQ under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for BTQ
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.1078 | -94% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.0987 | -95% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 6.00 | +209% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
BTQ Technologies Corp. scores only 2 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.3/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -77.8%, ROE -77.8%, ROA -72.8% - with debt at 0.00 times equity and negative free cash flow.
BTQ Technologies Corp. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 3/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | -77.8% |
|---|---|---|---|
| GLS Moat | 2.3 / 10 | ROE | -77.8% |
| Debt / equity | 0.00 | ROA | -72.8% |
| Free-cash-flow yield | -6.4% | Payout ratio | 0% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 12: Weak
With a Wheel Score of 12 BTQ Technologies Corp. sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 1699% above our fair value; and filter 4, financially healthy - Piotroski 2/9 (under 6); and filter 7, a premium worth selling - implied volatility 168% (over 80%); and filter 8, big enough - market cap $285M (under $1.0B); and filter 9, not a penny stock - price 1.94 (under $5); Value (weak) is its weakest part.
Implied volatility is 168%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 6,522 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.0M shares a day on a market cap of $285M, with a beta of -1.76 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 1699% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 2/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 168% (over 80%) |
| 8 | Big enough | Fails | market cap $285M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 1.94 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 1699% above fair value | |
| Premium | Weak | implied volatility 168% | |
| Moat | Weak | moat 2.3/10 | |
| Health | Weak | Piotroski 2/9 | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Weak | 106 contracts a day, 6,522 open interest | |
| Stability | Fair | beta -1.76, $285M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for BTQ in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to BTQ Technologies Corp. by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| LSAK Lesaka Technologies, Inc. | 4.14 | 1.07 | -288% | 18Weak | $355M |
| KDK Kodiak AI, Inc. Common Stock | 1.10 | 0.0780 | -1310% | 16Weak | $221M |
| BKKT Bakkt Holdings, Inc. | 4.77 | - | - | 7Weak | $215M |
| OWLS OBOOK Holdings Inc. | 2.34 | - | - | 13No options | $207M |
| CINT CI&T Inc | 3.10 | 7.43 | +58% | 43Weak | $397M |
| MOVE Corvex, Inc. | 6.40 | - | - | 10Weak | $202M |
| RPAY Repay Holdings Corporation | 4.75 | 16.36 | +71% | 30Weak | $419M |
| GRRR Gorilla Technology Group Inc. | 7.70 | - | - | 11Weak | $191M |
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Start free See the Sunday ScanQuestions about BTQ
Is BTQ undervalued right now?
No: at 1.94 the stock trades 1699% above the GLS average fair value of 0.1078 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of BTQ and what does it mean?
BTQ scores 12 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for BTQ?
0.1078 per share as of 5 Nov 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does BTQ Technologies Corp. report earnings next?
No upcoming earnings date is recorded for BTQ in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BTQ have listed options, and how liquid are they?
Yes. The nightly snapshot found 18 listed contracts with 6,522 open interest across all expiries and implied volatility of 168% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.