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Qt Group Oyj

HLSE:QTCOM
Snowflake Description

Exceptional growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QTCOM
HLSE
€275M
Market Cap
  1. Home
  2. FI
  3. Software
Company description

Qt Group Oyj, a software company, develops, productizes, and licenses software development tools under commercial and open source licenses in Finland, Norway, Germany, the United States, Russia, China, Japan, South Korea, France, and the United Kingdom. The last earnings update was 23 days ago. More info.


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QTCOM Share Price and Events
7 Day Returns
-0.4%
HLSE:QTCOM
0%
FI Software
1.8%
FI Market
1 Year Returns
67.4%
HLSE:QTCOM
-15.6%
FI Software
-6.7%
FI Market
QTCOM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Qt Group Oyj (QTCOM) -0.4% 6.5% 24.2% 67.4% 131% -
FI Software 0% 0.1% -8.4% -15.6% -11.2% -11.9%
FI Market 1.8% -3.2% -1.9% -6.7% 24.4% 27%
1 Year Return vs Industry and Market
  • QTCOM outperformed the Software industry which returned -15.6% over the past year.
  • QTCOM outperformed the Market in Finland which returned -6.7% over the past year.
Price Volatility
QTCOM
Industry
5yr Volatility vs Market

QTCOM Value

 Is Qt Group Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Qt Group Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Qt Group Oyj.

HLSE:QTCOM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:QTCOM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Software Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.148 (1 + (1- 20%) (1.94%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.111 * 6.51%)
7.77%

Discounted Cash Flow Calculation for HLSE:QTCOM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Qt Group Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

HLSE:QTCOM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.77%)
2019 2.10 Analyst x1 1.95
2020 9.20 Analyst x2 7.92
2021 15.80 Analyst x2 12.62
2022 16.50 Analyst x2 12.23
2023 15.95 Analyst x2 10.97
2024 15.60 Est @ -2.21% 9.95
2025 15.38 Est @ -1.39% 9.11
2026 15.26 Est @ -0.81% 8.38
2027 15.19 Est @ -0.4% 7.75
2028 15.18 Est @ -0.12% 7.18
Present value of next 10 years cash flows €88.06
HLSE:QTCOM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €15.18 × (1 + 0.54%) ÷ (7.77% – 0.54%)
€210.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €210.95 ÷ (1 + 7.77%)10
€99.79
HLSE:QTCOM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €88.06 + €99.79
€187.85
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €187.85 / 23.79
€7.9
HLSE:QTCOM Discount to Share Price
Calculation Result
Value per share (EUR) From above. €7.90
Current discount Discount to share price of €11.55
= -1 x (€11.55 - €7.90) / €7.90
-46.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Qt Group Oyj is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Qt Group Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Qt Group Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:QTCOM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-0.08
HLSE:QTCOM Share Price ** HLSE (2019-05-17) in EUR €11.55
Finland Software Industry PE Ratio Median Figure of 6 Publicly-Listed Software Companies 55.49x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 19.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Qt Group Oyj.

HLSE:QTCOM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:QTCOM Share Price ÷ EPS (both in EUR)

= 11.55 ÷ -0.08

-141.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Qt Group Oyj is loss making, we can't compare its value to the FI Software industry average.
  • Qt Group Oyj is loss making, we can't compare the value of its earnings to the Finland market.
Price based on expected Growth
Does Qt Group Oyj's expected growth come at a high price?
Raw Data
HLSE:QTCOM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -141.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
74.1%per year
Finland Software Industry PEG Ratio Median Figure of 5 Publicly-Listed Software Companies 1.79x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Qt Group Oyj, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Qt Group Oyj's assets?
Raw Data
HLSE:QTCOM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €0.65
HLSE:QTCOM Share Price * HLSE (2019-05-17) in EUR €11.55
Finland Software Industry PB Ratio Median Figure of 13 Publicly-Listed Software Companies 5.12x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.9x
HLSE:QTCOM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:QTCOM Share Price ÷ Book Value per Share (both in EUR)

= 11.55 ÷ 0.65

17.74x

* Primary Listing of Qt Group Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Qt Group Oyj is overvalued based on assets compared to the FI Software industry average.
X
Value checks
We assess Qt Group Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Qt Group Oyj has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

QTCOM Future Performance

 How is Qt Group Oyj expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
74.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Qt Group Oyj expected to grow at an attractive rate?
  • Qt Group Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Qt Group Oyj's earnings growth is expected to exceed the Finland market average.
  • Qt Group Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:QTCOM Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:QTCOM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 74.1%
HLSE:QTCOM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 20.8%
Finland Software Industry Earnings Growth Rate Market Cap Weighted Average 58%
Finland Software Industry Revenue Growth Rate Market Cap Weighted Average 15.1%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:QTCOM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:QTCOM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 25
2022-12-31 103 27 23 1
2021-12-31 84 26 15 2
2020-12-31 68 10 7 2
2019-12-31 54 3 0 2
HLSE:QTCOM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 48 -2
2018-12-31 46 -2 -2
2018-09-30 45 -2
2018-06-30 43 -1 -2
2018-03-31 38 -3
2017-12-31 36 -3 -3
2017-09-30 35 -3
2017-06-30 34 -1 -2
2017-03-31 34 -3
2016-12-31 32 -1 -2
2016-09-30 31 -2
2016-06-30 30 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Qt Group Oyj's earnings are expected to grow significantly at over 20% yearly.
  • Qt Group Oyj's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:QTCOM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Qt Group Oyj Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:QTCOM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.89 0.89 0.89 1.00
2021-12-31 0.59 0.78 0.40 2.00
2020-12-31 0.28 0.37 0.19 2.00
2019-12-31 0.01 0.02 -0.01 2.00
HLSE:QTCOM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -0.08
2018-12-31 -0.10
2018-09-30 -0.07
2018-06-30 -0.07
2018-03-31 -0.13
2017-12-31 -0.14
2017-09-30 -0.11
2017-06-30 -0.10
2017-03-31 -0.12
2016-12-31 -0.08
2016-09-30 -0.11
2016-06-30 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Qt Group Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Qt Group Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Qt Group Oyj has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

QTCOM Past Performance

  How has Qt Group Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Qt Group Oyj's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Qt Group Oyj does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Qt Group Oyj's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Qt Group Oyj's 1-year growth to the Europe Software industry average as it is not currently profitable.
Earnings and Revenue History
Qt Group Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Qt Group Oyj Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:QTCOM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 48.03 -2.06 4.23
2018-12-31 45.59 -2.39 4.23
2018-09-30 44.56 -1.67 3.99
2018-06-30 42.53 -1.60 3.99
2018-03-31 37.94 -3.08 3.99
2017-12-31 36.26 -3.22 3.99
2017-09-30 35.00 -2.64 2.28
2017-06-30 33.75 -2.23 2.28
2017-03-31 33.89 -2.91 2.28
2016-12-31 32.40 -1.75 2.28
2016-09-30 30.93 -2.16 1.01
2016-06-30 30.15 -0.90 1.01
2016-03-31 27.83 0.89 1.01
2015-12-31 26.93 0.98 1.01
2014-12-31 20.41 -2.06 0.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Qt Group Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Qt Group Oyj has efficiently used its assets last year compared to the FI Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Qt Group Oyj improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Qt Group Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Qt Group Oyj has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

QTCOM Health

 How is Qt Group Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Qt Group Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Qt Group Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Qt Group Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Qt Group Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Qt Group Oyj Company Filings, last reported 1 month ago.

HLSE:QTCOM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 17.94 5.34 8.93
2018-12-31 18.32 0.63 9.70
2018-09-30 19.75 0.67 8.99
2018-06-30 20.85 0.73 11.48
2018-03-31 19.53 0.62 10.71
2017-12-31 20.31 0.69 11.69
2017-09-30 21.04 0.20 12.84
2017-06-30 22.10 0.16 13.36
2017-03-31 7.39 6.20 5.42
2016-12-31 8.27 6.21 6.42
2016-09-30 8.31 6.30 6.20
2016-06-30 9.02 6.30 5.69
2016-03-31 9.09 1.34 3.27
2015-12-31 8.92 1.37 3.58
2014-12-31 7.82 1.67 2.86
  • Qt Group Oyj's level of debt (29.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Qt Group Oyj's debt level has increased without past 5-year debt data.
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.

  • Qt Group Oyj has sufficient cash runway for more than 3 years based on current free cash flow.
  • Qt Group Oyj has sufficient cash runway for 2.9 years if free cash flow continues to grow at historical rates of 47.6% each year.
X
Financial health checks
We assess Qt Group Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Qt Group Oyj has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

QTCOM Dividends

 What is Qt Group Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Qt Group Oyj dividends. Estimated to be 1.19% next year.
If you bought €2,000 of Qt Group Oyj shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Qt Group Oyj's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Qt Group Oyj's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:QTCOM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Software Industry Average Dividend Yield Market Cap Weighted Average of 83 Stocks 1.3%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:QTCOM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.40 1.00
2020-12-31 0.15 1.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Qt Group Oyj has not reported any payouts.
  • Unable to verify if Qt Group Oyj's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Qt Group Oyj's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Qt Group Oyj has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Qt Group Oyj's dividends in 3 years as they are not expected to pay a notable one for Finland.
X
Income/ dividend checks
We assess Qt Group Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Qt Group Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Qt Group Oyj has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

QTCOM Management

 What is the CEO of Qt Group Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Juha Varelius
COMPENSATION €443,722
AGE 55
TENURE AS CEO 3 years
CEO Bio

Mr. Juha Pekka Varelius, M.Sc. (Econ.), M.B.A., has been President and Chief Executive Officer at Qt Group Oyj since May 01, 2016. Mr. Varelius served as the Chief Executive Officer and President at Digia Oyj since January 1, 2008 until April 30, 2016. Mr. Varelius served as the Chief Executive Officer and President of Everypoint, Inc. since February 2, 2007. He served as Chief Executive Officer and Chairman at Digia Financial Software Oy from 2008 to 2012. He is an Admired Leader in the field of International Mobile Communications and Online Digital and Media Services. His track record of building successful mobile telecom companies shows an in-depth understanding of where the mobile industry is going, as well as how to leverage next-generation opportunities in that market. Mr. Varelius joined Everypoint from Yahoo! Europe, where he served in various senior executive positions from 2002 to 2006, including Vice President and Managing Director of Yahoo! Mobile International. Prior to Yahoo!, Mr. Varelius founded and successfully launched Zed, a mobile entertainment company that sells mobile added-value services such as ring tones, logos, wallpapers and java games for mobile phones. Within a year of starting Zed, he and his team closed over 20 deals with mobile operators worldwide, growing to over 400 employees in 10 countries. He served as an Executive Vice President of TeliaSonera Finland Oyj (Formerly Sonera Corporation) responsible for Sonera Services since April 1, 2000. He served as Management Board Member of leading Finnish telecom company Sonera. Mr. Varelius holds a Master of Science degree in Economics and Master’s Degree in Business Management.

CEO Compensation
  • Juha's compensation has increased whilst company is loss making.
  • Juha's remuneration is about average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Qt Group Oyj management team in years:

3
Average Tenure
47
Average Age
  • The tenure for the Qt Group Oyj management team is about average.
Management Team

Juha Varelius

TITLE
President & CEO
COMPENSATION
€444K
AGE
55
TENURE
3 yrs

Mika Harjuaho

TITLE
Chief Financial Officer
AGE
52

Lars Knoll

TITLE
Chief Technology Officer
AGE
47
TENURE
3 yrs

Mika Pälsi

TITLE
General Counsel
AGE
48
TENURE
3 yrs

Katja Kumpulainen

TITLE
Senior Vice President of Marketing
AGE
45
TENURE
3 yrs

Juhapekka Niemi

TITLE
Executive Vice President of Sales & Business Development
AGE
50
TENURE
3 yrs

Helena Telaranta

TITLE
Senior Vice President of Human Resources
AGE
45
TENURE
0.3 yrs

Petteri Holländer

TITLE
Senior Vice President of Product Management
AGE
44
TENURE
3 yrs

Tuukka Turunen

TITLE
Senior Vice President of Research & Development
AGE
44
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Qt Group Oyj board of directors in years:

3.3
Average Tenure
49
Average Age
  • The tenure for the Qt Group Oyj board of directors is about average.
Board of Directors

Robert Ingman

TITLE
Chairman of the Board of Directors
COMPENSATION
€72K
AGE
57
TENURE
3.3 yrs

Tommi Uhari

TITLE
Vice-Chairman
COMPENSATION
€52K
AGE
47
TENURE
3.3 yrs

Leena Saarinen

TITLE
Director
COMPENSATION
€37K
AGE
58
TENURE
3.3 yrs

Jaakko Koppinen

TITLE
Director
COMPENSATION
€27K
AGE
49
TENURE
1.2 yrs

Mikko Marsio

TITLE
Director
COMPENSATION
€27K
AGE
47
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Qt Group Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Qt Group Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

QTCOM News

Simply Wall St News

Is Qt Group Oyj (HEL:QTCOM) Expensive For A Reason? A Look At Its Intrinsic Value

by taking the foreast future cash flows of the company and discounting them back to today's value. … This is done using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

When Will Qt Group Oyj (HEL:QTCOM) Become Profitable?

Qt Group Oyj, a technology company, develops, productizes, and licenses software development tools under commercial and open source licenses in Finland, Norway, Germany, the United States, Russia, China, Japan, and South Korea. … The €226m market-cap company announced a latest loss of -€2.4m on 31 December 2018 for its most recent financial year result? … I’ve put together a brief outline of industry analyst expectations for QTCOM, its year of breakeven and its implied growth rate

Simply Wall St -

Estimating The Intrinsic Value Of Qt Group Oyj (HEL:QTCOM)

In this article I am going to calculate the intrinsic value of Qt Group Oyj (HEL:QTCOM). … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Estimating The Fair Value Of Qt Group Oyj (HEL:QTCOM)

How far off is Qt Group Oyj (HEL:QTCOM) from its intrinsic value? … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Interested In Qt Group Oyj (HLSE:QTCOM)? Here's How It Performed Recently

Analyzing Qt Group Oyj's (HLSE:QTCOM) track record of past performance is a valuable exercise for investors. … Today I will assess QTCOM's recent performance announced on 31 March 2018 and compare these figures to its long-term trend and industry movements. … Was QTCOM weak performance lately part of a long-term decline.

Simply Wall St -

Qt Group Oyj (HEL:QTCOM): Risks You Need To Consider Before Buying

Qt Group Oyj's beta of 0.07 indicates that the stock value will be less variable compared to the whole stock market. … QTCOM's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … This is an interesting conclusion, since both QTCOM’s size and industry indicates the stock should have a higher beta than it currently has.

Simply Wall St -

Why Qt Group Oyj (HEL:QTCOM) Could Be A Buy

According to my valuation model, Qt Group Oyj seems to be fairly priced at around 5.16% below my intrinsic value, which means if you buy Qt Group Oyj today, you’d be paying a fair price for it. … Furthermore, it seems like Qt Group Oyj’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued. … Currently, QTCOM appears to be trading around its fair value, but given the uncertainty from negative returns in the future, this could be the right time to de-risk your portfolio.

Simply Wall St -

Estimating The Intrinsic Value Of Qt Group Oyj (HEL:QTCOM)

I am going to run you through how I calculated the intrinsic value of Qt Group Oyj (HLSE:QTCOM) by taking the expected future cash flows and discounting them to their present value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €-0.50 €1.70 €8.00 €11.05 €13.70 Source Analyst x1 Analyst x2 Analyst x2 Analyst x2 Analyst x2 Present Value Discounted @ 8.15% €-0.46 €1.45 €6.32 €8.08 €9.26 Present Value of 5-year Cash Flow (PVCF)= €25 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €14 × (1 + 0.8%) ÷ (8.2% – 0.8%) = €187 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €187 / ( 1 + 8.2%)5 = €126 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is €151.

Simply Wall St -

What You Must Know About Qt Group Oyj's (HEL:QTCOM) Major Investors

Although QTCOM has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … Private Company Ownership Potential investors in QTCOM should also look at another important group of investors: private companies, with a stake of 21.60%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Should You Sell Qt Group Oyj (HEL:QTCOM) For This Reason?

See our latest analysis for Qt Group Oyj What is cash burn? … HLSE:QTCOM Income Statement Apr 5th 18 When will Qt Group Oyj need to raise more cash? … My cash burn analysis suggests that Qt Group Oyj has a cash runway of 2.5 years, given its current level of cash holdings.

Simply Wall St -

QTCOM Company Info

Description

Qt Group Oyj, a software company, develops, productizes, and licenses software development tools under commercial and open source licenses in Finland, Norway, Germany, the United States, Russia, China, Japan, South Korea, France, and the United Kingdom. It offers a framework of libraries and tools for designing, developing, and deploying software. The company also provides professional, training, and technical support services. It primarily serves consumer electronics, automotive, and automation industries. The company is headquartered in Espoo, Finland.

Details
Name: Qt Group Oyj
QTCOM
Exchange: HLSE
Founded:
€274,801,203
23,792,312
Website: http://www.qt.io
Address: Qt Group Oyj
Bertel Jungin aukio D3A,
Espoo,
Uusimaa, 02600,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE QTCOM Share Capital OMX Nordic Exchange Helsinki FI EUR 02. May 2016
DB 2QT Share Capital Deutsche Boerse AG DE EUR 02. May 2016
LSE 0RG5 Share Capital London Stock Exchange GB EUR 02. May 2016
Number of employees
Current staff
Staff numbers
322
Qt Group Oyj employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 22:42
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.