| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
QTRH Stock Overview
Quarterhill Inc. operates in the intelligent transportation system and intellectual property licensing industries worldwide.
Quarterhill Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$2.20 |
| 52 Week High | CA$2.98 |
| 52 Week Low | CA$2.03 |
| Beta | 0.28 |
| 1 Month Change | -9.84% |
| 3 Month Change | -5.58% |
| 1 Year Change | -6.78% |
| 3 Year Change | 51.72% |
| 5 Year Change | 14.58% |
| Change since IPO | -13.73% |
Recent News & Updates
Analysts Are Betting On Quarterhill Inc. (TSE:QTRH) With A Big Upgrade This Week
Shareholders in Quarterhill Inc. ( TSE:QTRH ) may be thrilled to learn that the analysts have just delivered a major...
Shareholder Returns
| QTRH | CA Communications | CA Market | |
|---|---|---|---|
| 7D | 2.3% | 9.3% | 0.8% |
| 1Y | -6.8% | -5.3% | 4.3% |
Return vs Industry: QTRH underperformed the Canadian Communications industry which returned -4.5% over the past year.
Return vs Market: QTRH underperformed the Canadian Market which returned 4.2% over the past year.
Price Volatility
| QTRH volatility | |
|---|---|
| QTRH Average Weekly Movement | 6.2% |
| Communications Industry Average Movement | 8.5% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in CA Market | 16.6% |
| 10% least volatile stocks in CA Market | 4.2% |
Stable Share Price: QTRH is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: QTRH's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 562 | Bret Kidd | https://www.quarterhill.com |
Quarterhill Inc. operates in the intelligent transportation system and intellectual property licensing industries worldwide. Its Licensing segment includes patents relating to wireless communications, memory interface technologies, semiconductor manufacturing and packaging technologies, wired connectivity, automotive applications, computer gaming, intelligent personal assistant technologies, enhanced image processing, streaming video technologies, non-volatile Flash memory, DRAM and other memory technologies, and semiconductor analog circuitry technologies. The company's Intelligent Systems segment provides international road dynamics products and services, such as red light and speed enforcement systems, automated truck weigh stations; toll road systems and equipment; traffic management and safety systems; VectorSense, a tire sensor suite; Vehicle Information-In-Motion, a traffic intelligence system; integrated traffic control systems; permanent and portable slow speed weigh-in-motion systems; portable wheel load scales; traffic data collection products; vehicle and axle detection equipment; and automated vehicle identification services and equipment, and other hardware and software products and offerings for the intelligent transportation systems industry.
Quarterhill Fundamentals Summary
| QTRH fundamental statistics | |
|---|---|
| Market Cap | CA$254.52m |
| Earnings (TTM) | CA$39.01m |
| Revenue (TTM) | CA$274.88m |
6.4x
P/E Ratio0.9x
P/S RatioIs QTRH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| QTRH income statement (TTM) | |
|---|---|
| Revenue | CA$274.88m |
| Cost of Revenue | CA$151.41m |
| Gross Profit | CA$123.47m |
| Other Expenses | CA$84.47m |
| Earnings | CA$39.01m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.34 |
| Gross Margin | 44.92% |
| Net Profit Margin | 14.19% |
| Debt/Equity Ratio | 36.5% |
How did QTRH perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield15%
Payout RatioDoes QTRH pay a reliable dividends?
See QTRH dividend history and benchmarks| Quarterhill dividend dates | |
|---|---|
| Ex Dividend Date | Jun 16 2022 |
| Dividend Pay Date | Jul 08 2022 |
| Days until Ex dividend | 29 days |
| Days until Dividend pay date | 51 days |
Does QTRH pay a reliable dividends?
See QTRH dividend history and benchmarksValuation
Is Quarterhill undervalued compared to its fair value and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QTRH (CA$2.2) is trading below our estimate of fair value (CA$7.83)
Significantly Below Fair Value: QTRH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QTRH is good value based on its PE Ratio (6.4x) compared to the Canadian Communications industry average (36.9x).
PE vs Market: QTRH is good value based on its PE Ratio (6.4x) compared to the Canadian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: QTRH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: QTRH is good value based on its PB Ratio (0.9x) compared to the CA Communications industry average (2.6x).
Future Growth
How is Quarterhill forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-78.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QTRH's earnings are forecast to decline over the next 3 years (-78.6% per year).
Earnings vs Market: QTRH's earnings are forecast to decline over the next 3 years (-78.6% per year).
High Growth Earnings: QTRH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: QTRH's revenue is expected to decline over the next 3 years (-11.7% per year).
High Growth Revenue: QTRH's revenue is forecast to decline over the next 3 years (-11.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if QTRH's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Quarterhill performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
7.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QTRH has a high level of non-cash earnings.
Growing Profit Margin: QTRH's current net profit margins (14.2%) are higher than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: QTRH has become profitable over the past 5 years, growing earnings by 7.7% per year.
Accelerating Growth: QTRH's earnings growth over the past year (668.9%) exceeds its 5-year average (7.7% per year).
Earnings vs Industry: QTRH earnings growth over the past year (668.9%) exceeded the Communications industry 38.2%.
Return on Equity
High ROE: QTRH's Return on Equity (13.3%) is considered low.
Financial Health
How is Quarterhill's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: QTRH's short term assets (CA$269.0M) exceed its short term liabilities (CA$92.2M).
Long Term Liabilities: QTRH's short term assets (CA$269.0M) exceed its long term liabilities (CA$125.3M).
Debt to Equity History and Analysis
Debt Level: QTRH's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: QTRH's debt to equity ratio has increased from 9.3% to 36.5% over the past 5 years.
Debt Coverage: QTRH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: QTRH's interest payments on its debt are well covered by EBIT (11.6x coverage).
Balance Sheet
Dividend
What is Quarterhill current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.27%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: QTRH's dividend (2.27%) is higher than the bottom 25% of dividend payers in the Canadian market (1.9%).
High Dividend: QTRH's dividend (2.27%) is low compared to the top 25% of dividend payers in the Canadian market (5.01%).
Stability and Growth of Payments
Stable Dividend: QTRH's dividend payments have been volatile in the past 10 years.
Growing Dividend: QTRH's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.6%), QTRH's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: QTRH is paying a dividend but the company has no free cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Bret Kidd (53 yo)
0.42
Tenure
CA$3,612,745
Compensation
Mr. Bret Kidd has been President and Chief Executive Officer at Quarterhill Inc. since December 15, 2021 and has been its Director since December 17, 2021. He had been Chief Executive Officer of Electronic...
CEO Compensation Analysis
Compensation vs Market: Bret's total compensation ($USD2.80M) is above average for companies of similar size in the Canadian market ($USD645.56K).
Compensation vs Earnings: Insufficient data to compare Bret's compensation with company performance.
Leadership Team
Experienced Management: QTRH's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: QTRH's board of directors are not considered experienced ( 1.6 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: Insufficient data to determine if 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
Quarterhill Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Quarterhill Inc.
- Ticker: QTRH
- Exchange: TSX
- Founded: 1992
- Industry: Communications Equipment
- Sector: Tech
- Implied Market Cap: CA$254.523m
- Shares outstanding: 114.14m
- Website: https://www.quarterhill.com
Number of Employees
Location
- Quarterhill Inc.
- 25 King Street West
- Suite 1101
- Toronto
- Ontario
- M5L 2A1
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/16 00:00 |
| End of Day Share Price | 2022/05/16 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.