Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionArq Inc. Common Stock (ARQ)
Fair value
Not available
ACCE price target
$1.90
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $1.75 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
27
out of 100
Analysts
100% buy
4 covering
P/E
0.0x
forward 65.8x
1-year return
-74.5%
Dividend yield
0.00%
Arq Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Arq Inc. (ARQ) runs activated carbon manufacturing and regeneration, plus equipment services for removing mercury and other contaminants from industrial emissions, water and air. Its position rests on a narrow, specialized product line where switching costs are real but the customer base is concentrated in utilities and industrial plants, which limits its moat. Revenue grew 4.5%, but a 33.1% gross margin against a 0.7% operating margin and a -27.1% ROE points to a business that is barely covering its overhead, and the 65.8x forward P/E is priced for an earnings recovery the current figures do not yet show. At an $81M market cap with no index membership, the case for a deeper look depends on whether margins can expand toward the gross line, and that is the first question to test in the filings.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Cash burn against small market cap
Free cash flow was $-11,055,000 against an $80M market cap, so the company is burning roughly 14% of its equity value a year in cash. Net margin is -42.2% and ROE is -27.1%.
moderate
Growth stalled at the bottom line
Revenue grew 4.5% year on year but earnings were flat at 0.0%, with operating margin only +0.7%. Quarter on quarter revenue slipped 1.3%.
moderate
Score drifting lower
The ACCE score fell from 29 to 27 over 90 days, with the momentum sub-score at 17 out of 100, the weakest of the four components.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-21 · prices to Oct 23, 2026
Why it could do well
Analysts rate the stock Buy or Strong Buy, with all four covering it at that level.
Revenue grew 12.3% per year on average over five years, showing a long record of expansion.
The average analyst price target sits at $4.03, far above the current share price.
Why it could disappoint
The company lost money on every dollar of sales, with a net margin of -42.2%.
Free cash flow over the last twelve months was negative at -$11M, so the business is burning cash.
Diluted share count rose 15.2% last year, diluting existing shareholders' ownership of the business.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
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Valuation
INVESTOR
Where ARQ's valuation models land
Price
$1.75
Model fair valueConfidence: low
about $4.00
Model
Fair value
Upside
Analyst consensus
Sales comps
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores