Quarterhill Inc. focuses on acquisition and management of technology companies that provides products and services worldwide.
Flawless balance sheet and good value.
Share Price & News
How has Quarterhill's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QTRH has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: QTRH exceeded the Canadian Communications industry which returned -32.8% over the past year.
Return vs Market: QTRH exceeded the Canadian Market which returned -24.5% over the past year.
Price Volatility Vs. Market
How volatile is Quarterhill's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StQuarterhill Inc. (TSE:QTRH) Investors Should Think About This Before Buying It For Its Dividend
5 months ago | Simply Wall StIntroducing Quarterhill (TSE:QTRH), The Stock That Slid 54% In The Last Five Years
5 months ago | Simply Wall StIs Quarterhill Inc. (TSE:QTRH) Trading At A 43% Discount?
Is Quarterhill undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QTRH (CA$1.68) is trading below our estimate of fair value (CA$2.14)
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 (13.4x) compared to the Communications industry average (19.6x).
PE vs Market: QTRH is poor value based on its PE Ratio (13.4x) compared to the Canadian market (10.6x).
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 (0.7x) compared to the CA Communications industry average (1x).
How is Quarterhill forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
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 (-47.7% per year).
Earnings vs Market: QTRH's earnings are forecast to decline over the next 3 years (-47.7% 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 (-7.6% per year).
High Growth Revenue: QTRH's revenue is forecast to decline over the next 3 years (-7.6% 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
How has Quarterhill performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QTRH has a large one-off loss of $10.6M impacting its December 31 2019 financial results.
Growing Profit Margin: QTRH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: QTRH has become profitable over the past 5 years, growing earnings by -48.8% per year.
Accelerating Growth: QTRH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: QTRH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (-12.4%).
Return on Equity
High ROE: QTRH's Return on Equity (5%) is considered low.
How is Quarterhill's financial position?
Financial Position Analysis
Short Term Liabilities: QTRH's short term assets ($116.9M) exceed its short term liabilities ($30.4M).
Long Term Liabilities: QTRH's short term assets ($116.9M) exceed its long term liabilities ($6.6M).
Debt to Equity History and Analysis
Debt Level: QTRH's debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: QTRH's debt to equity ratio has reduced from 18.2% to 1.6% over the past 5 years.
Inventory Level: QTRH has a low level of unsold assets or inventory.
Debt Coverage by Assets: QTRH's debt is covered by short term assets (assets are 35x debt).
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: QTRH is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: QTRH is profitable, therefore cash runway is not a concern.
What is Quarterhill's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: QTRH's dividend (2.89%) is higher than the bottom 25% of dividend payers in the Canadian market (2.69%).
High Dividend: QTRH's dividend (2.89%) is low compared to the top 25% of dividend payers in the Canadian market (8.7%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.5%), QTRH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Quarterhill has no CEO, or we have no data on them.
|Interim Chief Financial Officer||0.50yr||US$936.73k||no data|
|Senior VP||5.08yrs||US$364.33k||0.056% $111.0k|
|President & CEO of New WiLAN||1.17yrs||US$390.48k||0.097% $194.5k|
|President & CEO of International Road Dynamics||1.75yrs||US$300.58k||0.0067% $13.4k|
|Senior Vice-President of Corporate Development||2.17yrs||US$529.51k||no data|
|Interim President & CEO of VIZIYA||0.42yr||no data||no data|
Experienced Management: QTRH's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
|Independent Director||13yrs||US$100.60k||0.048% $95.3k|
|Independent Director||4.92yrs||US$97.60k||0.032% $64.1k|
|Independent Chairman||1yr||US$171.65k||0.097% $193.8k|
|Vice Chairman of the Board||1yr||US$338.81k||0.38% $758.5k|
|Independent Director||9.83yrs||US$124.05k||0.054% $108.8k|
|Independent Director||4.92yrs||US$93.00k||0.083% $166.1k|
Experienced Board: QTRH's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: QTRH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Quarterhill Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Quarterhill Inc.
- Ticker: QTRH
- Exchange: TSX
- Founded: 1992
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: CA$199.680m
- Shares outstanding: 118.86m
- Website: https://www.quarterhill.com
Number of Employees
- Quarterhill Inc.
- 30 Duke Street West
- Suite 604
- N2H 3W5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|QTRH||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 1998|
|WJL||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 1998|
|QTRH.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 1998|
Quarterhill Inc. focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications. The company's Intelligent Systems segment provides integrated systems and solutions, such as 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, and other hardware and software products for the intelligent transportation systems industry. This segment serves through direct salespeople, distributors, agents, other contractors, and systems integrators. Its Enterprise Software segment provides enterprise asset management software solutions to asset intensive industries through its salesforce over the Internet. Its offerings include WorkAlign, a product suite, which consists of integrated products, such as scheduler, IIoT, mobile for EAM, maintenance budgeting, warranty tracker, and analytics; and consulting services. The company was formerly known as Wi-LAN Inc. and changed its name to Quarterhill Inc. in June 2017. Quarterhill Inc. was incorporated in 1992 and is headquartered in Kitchener, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 01:00|
|End of Day Share Price||2020/04/03 00:00|
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.