ENXTPA:QDT

Stock Analysis Report

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Executive Summary

Quadient SAS provides business solutions for customers through digital and physical channels worldwide.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Quadient SAS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QDT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.2%

QDT

1.1%

FR Tech

1.6%

FR Market


1 Year Return

-32.1%

QDT

-31.5%

FR Tech

-12.0%

FR Market

Return vs Industry: QDT matched the French Tech industry which returned -32.2% over the past year.

Return vs Market: QDT underperformed the French Market which returned -14.3% over the past year.


Shareholder returns

QDTIndustryMarket
7 Day5.2%1.1%1.6%
30 Day11.2%2.9%3.8%
90 Day-40.7%-23.0%-17.0%
1 Year-30.1%-32.1%-30.7%-31.5%-10.2%-12.0%
3 Year-63.3%-67.7%-41.5%-45.1%-0.6%-8.8%
5 Year-61.0%-70.9%-37.7%-46.0%16.9%-0.4%

Price Volatility Vs. Market

How volatile is Quadient SAS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Quadient SAS 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: QDT (€12.62) is trading below our estimate of fair value (€26.6)

Significantly Below Fair Value: QDT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: QDT is poor value based on its PE Ratio (83.1x) compared to the Tech industry average (35x).

PE vs Market: QDT is poor value based on its PE Ratio (83.1x) compared to the French market (14x).


Price to Earnings Growth Ratio

PEG Ratio: QDT is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: QDT is good value based on its PB Ratio (0.4x) compared to the FR Tech industry average (1x).


Next Steps

Future Growth

How is Quadient SAS forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

47.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QDT's forecast earnings growth (47% per year) is above the savings rate (0.6%).

Earnings vs Market: QDT's earnings (47% per year) are forecast to grow faster than the French market (13.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: QDT's revenue is expected to decline over the next 3 years (-0.7% per year).

High Growth Revenue: QDT's revenue is forecast to decline over the next 3 years (-0.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QDT's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Quadient SAS performed over the past 5 years?

-15.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QDT has a large one-off loss of €99.6M impacting its January 31 2020 financial results.

Growing Profit Margin: QDT's current net profit margins (0.5%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: QDT's earnings have declined by -15.7% per year over the past 5 years.

Accelerating Growth: QDT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: QDT had negative earnings growth (-93.7%) over the past year, making it difficult to compare to the Tech industry average (-25.6%).


Return on Equity

High ROE: QDT's Return on Equity (1.2%) is considered low.


Next Steps

Financial Health

How is Quadient SAS's financial position?


Financial Position Analysis

Short Term Liabilities: QDT's short term assets (€1.2B) exceed its short term liabilities (€646.7M).

Long Term Liabilities: QDT's short term assets (€1.2B) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: QDT's debt to equity ratio (86.9%) is considered high.

Reducing Debt: QDT's debt to equity ratio has reduced from 166.2% to 86.9% over the past 5 years.

Debt Coverage: QDT's debt is not well covered by operating cash flow (18%).

Interest Coverage: QDT's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Quadient SAS's current dividend yield, its reliability and sustainability?

4.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QDT's dividend (4.2%) is higher than the bottom 25% of dividend payers in the French market (1.79%).

High Dividend: QDT's dividend (4.2%) is low compared to the top 25% of dividend payers in the French market (5.46%).


Stability and Growth of Payments

Stable Dividend: QDT's dividend payments have been volatile in the past 10 years.

Growing Dividend: QDT's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (349.2%), QDT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: QDT's dividends in 3 years are forecast to be well covered by earnings (20.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Geoffrey Godet (41yo)

2.25yrs

Tenure

€1,603,400

Compensation

Mr. Geoffrey Godet serves as Group Chief Executive Officer and Director of Quadient SAS (formerly known as Neopost S.A.) since February 1, 2018 and June 29, 2018 respectively. He serves as the Chief Execut ...


CEO Compensation Analysis

Compensation vs Market: Geoffrey's total compensation ($USD1.75M) is above average for companies of similar size in the French market ($USD668.80K).

Compensation vs Earnings: Insufficient data to compare Geoffrey's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Geoffrey Godet
CEO & Director2.25yrs€1.60m0.076% 331.3k
Christelle Villadary
Chief Financial Officer0.25yrno datano data
Jean-François Labadie
Chief Operating Officer0.25yrno datano data
Gaële Le Men
Corporate & Financial Communication Directorno datano datano data
Tamir Sigal
Chief Marketing Officerno datano datano data
Stephanie Auchabie
Chief People Directorno datano datano data
Michael Stone
Managing Director of UK Operations9.17yrsno datano data
Thierry Jaoudour
Chief Technology Hardware Officerno datano datano data
Daniel Malouf
Chief Solution Officer of Parcel Locker Solutionsno datano datano data
Brandon Batt
Chief Transformation Officerno datano datano data

1.3yrs

Average Tenure

46.5yo

Average Age

Experienced Management: QDT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Geoffrey Godet
CEO & Director2.25yrs€1.60m0.076% 331.3k
Martha Bejar
Independent Director1.33yrsno data0.0020% 8.8k
Vincent Mercier
Independent Director10.83yrs€76.50k0.019% 82.0k
Didier Lamouche
Independent Chairman of the Board0.92yrno datano data
Richard Troksa
Independent Director3.83yrs€46.50k0.0044% 18.9k
Éric Courteille
Independent Director7.83yrs€51.50k0.00078% 3.4k
Virginie Fauvel
Independent Director2.83yrs€41.50k0.0021% 9.2k
William Hoover
Independent Director6.83yrs€36.33k0.00058% 2.5k
Nathalie Wright
Independent Director2.67yrs€31.33k0.0029% 12.8k
Hélène Boulet-Supau
Independent Director2.92yrs€46.50k0.0025% 10.7k

2.9yrs

Average Tenure

55yo

Average Age

Experienced Board: QDT's board of directors are not considered experienced ( 2.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Quadient SAS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Quadient SAS
  • Ticker: QDT
  • Exchange: ENXTPA
  • Founded: 1924
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: €434.437m
  • Shares outstanding: 34.42m
  • Website: https://www.quadient.com

Number of Employees


Location

  • Quadient SAS
  • 42-46 Avenue Aristide Briand
  • Bagneux
  • Ile-de-France
  • 92220
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NPAC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 1999
QDTENXTPA (Euronext Paris)YesOrdinary SharesFREURFeb 1999
0NQ5LSE (London Stock Exchange)YesOrdinary SharesGBEURFeb 1999
NEQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 1999
NPAC.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDNov 2008

Biography

Quadient SAS provides business solutions for customers through digital and physical channels worldwide. It operates through Customer Experience Management, Business Process Automation, Mail-related Solutions, and Parcel Locker Solutions segments. Its Customer Experience Management segment enables companies to design, manage, and provide omnichannel and personalized software solutions for customer experience management for enterprises. The company’s Business Process Automation segment offers a range of business process automation solutions in the field of invoicing flows, such as accounts receivable and accounts payable, as well as hybrid mail. These software solutions enable automated communications for small and medium size enterprises to streamline and digitize the management of documents and processes, primarily supplier and customer invoices. Its Mail-related solutions segment offers mail solutions comprising folders/inserters for the office, mailroom, and mail centers; franking machines and management software solutions, as well as accessories, such as postal scales, ink cartridges, and other supplies; and customized financing and postage financing solutions. This solution offers the hardware, software, and support required to deliver physical communications for organizations. The company’s Parcel Locker Solutions segment operates a pick-up, drop-off solution that offers businesses and people who need to manage their deliveries and returns. This solution operates automated parcel lockers system to solve ‘last-mile’ delivery issues. In addition, the company distributes print finishing equipment, such as guillotines, binding machines, laminating machines, and paper folding machines; and provides professional and maintenance services. It serves financial services, healthcare, insurance, education, public sectors/government, retail, service providers, shipping carriers, telecommunications, telco, and utilities industries. The company was formerly known as Neopost S.A. and changed its name to Quadient SAS in September 2019. Quadient SAS was founded in 1924 and is headquartered in Bagneux, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 21:11
End of Day Share Price2020/05/25 00:00
Earnings2020/01/31
Annual Earnings2020/01/31


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.