| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
QHL Overview
Quickstep Holdings Limited manufactures advanced composites for the defense and commercial aerospace, and other industry sector customers in Australia and the United States.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.052 |
| 52 Week High | AU$0.042 |
| 52 Week Low | AU$0.095 |
| Beta | 1.13 |
| 1 Month Change | 13.04% |
| 3 Month Change | 0% |
| 1 Year Change | -28.77% |
| 3 Year Change | -31.58% |
| 5 Year Change | -52.73% |
| Change since IPO | -77.39% |
Recent News & Updates
Quickstep Holdings (ASX:QHL) Has A Somewhat Strained Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Shareholder Returns
| QHL | AU Aerospace & Defense | AU Market | |
|---|---|---|---|
| 7D | -5.5% | -0.8% | 0.6% |
| 1Y | -28.8% | -36.5% | 21.3% |
Return vs Industry: QHL exceeded the Australian Aerospace & Defense industry which returned -36.5% over the past year.
Return vs Market: QHL underperformed the Australian Market which returned 21.3% over the past year.
Price Volatility
| QHL volatility | |
|---|---|
| QHL Beta | 1.13 |
| Industry Beta | 0.85 |
| Market Beta | 1 |
Stable Share Price: QHL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: QHL's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 280 | Mark Burgess | https://www.quickstep.com.au |
Quickstep Holdings Limited manufactures advanced composites for the defense and commercial aerospace, and other industry sector customers in Australia and the United States. It produces aerospace-grade advanced composites. The company was incorporated in 2001 and is based in Bankstown, Australia.
Quickstep Holdings Fundamentals Summary
| QHL fundamental statistics | |
|---|---|
| Market Cap | AU$37.25m |
| Earnings (TTM) | -AU$271.00k |
| Revenue (TTM) | AU$85.10m |
0.4x
P/S Ratio-140.5x
P/E RatioIs QHL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| QHL income statement (TTM) | |
|---|---|
| Revenue | AU$85.10m |
| Cost of Revenue | AU$70.48m |
| Gross Profit | AU$14.62m |
| Expenses | AU$14.89m |
| Earnings | -AU$271.00k |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.00038 |
| Gross Margin | 17.18% |
| Net Profit Margin | -0.32% |
| Debt/Equity Ratio | 35.0% |
How did QHL perform over the long term?
See historical performance and comparisonValuation
Is Quickstep Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QHL (A$0.05) is trading below our estimate of fair value (A$0.19)
Significantly Below Fair Value: QHL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QHL is unprofitable, so we can't compare its PE Ratio to the Global Aerospace & Defense industry average.
PE vs Market: QHL is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate QHL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: QHL's PB Ratio (1.7x) is in line with the AU Aerospace & Defense industry average.
Future Growth
How is Quickstep Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
59.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QHL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: QHL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: QHL's is expected to become profitable in the next 3 years.
Revenue vs Market: QHL's revenue (3.2% per year) is forecast to grow slower than the Australian market (5.3% per year).
High Growth Revenue: QHL's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QHL's Return on Equity is forecast to be low in 3 years time (14.5%).
Past Performance
How has Quickstep Holdings performed over the past 5 years?
62.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QHL is currently unprofitable.
Growing Profit Margin: QHL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: QHL is unprofitable, but has reduced losses over the past 5 years at a rate of 62.2% per year.
Accelerating Growth: Unable to compare QHL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: QHL is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (23.7%).
Return on Equity
High ROE: QHL has a negative Return on Equity (-1.24%), as it is currently unprofitable.
Financial Health
How is Quickstep Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: QHL's short term assets (A$30.9M) exceed its short term liabilities (A$21.2M).
Long Term Liabilities: QHL's short term assets (A$30.9M) exceed its long term liabilities (A$26.1M).
Debt to Equity History and Analysis
Debt Level: QHL's debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: QHL's debt to equity ratio has reduced from 43.9% to 35% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable QHL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QHL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.9% per year.
Dividend
What is Quickstep Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QHL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QHL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if QHL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QHL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of QHL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Mark Burgess
4.42yrs
Tenure
AU$653,061
Compensation
Mr. Mark H. Burgess has been the Chief Executive Officer, Managing Director and Director of Quickstep Holdings Limited since May 18, 2017. Mr. Burgess serves as Vice President of Honeywell Aerospace Asia P...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD489.55K) is above average for companies of similar size in the Australian market ($USD302.38K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: QHL's management team is considered experienced (3.2 years average tenure).
Board Members
Experienced Board: QHL's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: QHL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Quickstep Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: Quickstep Holdings Limited
- Ticker: QHL
- Exchange: ASX
- Founded: 2001
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: AU$37.246m
- Shares outstanding: 716.27m
- Website: https://www.quickstep.com.au
Number of Employees
Location
- Quickstep Holdings Limited
- 361 Milperra Road
- Bankstown Airport
- Bankstown
- New South Wales
- 2200
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 16:49 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.