QinetiQ Group
Market Cap
UK£1.7b
Last Updated
2021/01/28 03:06 UTC
Data Sources
Company Financials +
Executive Summary
QinetiQ Group plc operates as a science and engineering company primarily in the defence, security, and aerospace markets in the United Kingdom and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has QinetiQ Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QQ. is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: QQ.'s weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-4.7%
QQ.
-2.7%
GB Aerospace & Defense
-2.4%
GB Market
1 Year Return
-15.3%
QQ.
-24.9%
GB Aerospace & Defense
-8.0%
GB Market
Return vs Industry: QQ. exceeded the UK Aerospace & Defense industry which returned -24.9% over the past year.
Return vs Market: QQ. underperformed the UK Market which returned -8% over the past year.
Shareholder returns
| QQ. | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.7% | -2.7% | -2.4% |
| 30 Day | -8.1% | -6.8% | -0.5% |
| 90 Day | 27.3% | 19.3% | 18.1% |
| 1 Year | -13.4%-15.3% | -22.3%-24.9% | -4.4%-8.0% |
| 3 Year | 56.7%46.6% | -1.5%-11.6% | 3.7%-9.0% |
| 5 Year | 49.6%33.0% | 13.0%-4.0% | 43.1%15.6% |
Long-Term Price Volatility Vs. Market
How volatile is QinetiQ Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Read This Before Selling QinetiQ Group plc (LON:QQ.) Shares3 weeks ago | Simply Wall St
Should Income Investors Look At QinetiQ Group plc (LON:QQ.) Before Its Ex-Dividend?1 month ago | Simply Wall St
QinetiQ Group (LON:QQ.) Shareholders Booked A 37% Gain In The Last Three YearsValuation
Is QinetiQ Group undervalued compared to its fair value and its price relative to the market?
40.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QQ. (£3.01) is trading below our estimate of fair value (£5.03)
Significantly Below Fair Value: QQ. is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QQ. is good value based on its PE Ratio (14.5x) compared to the GB Aerospace & Defense industry average (22.1x).
PE vs Market: QQ. is good value based on its PE Ratio (14.5x) compared to the UK market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: QQ. is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: QQ. is good value based on its PB Ratio (1.9x) compared to the GB Aerospace & Defense industry average (2.2x).
Next Steps
Future Growth
How is QinetiQ Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
3.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QQ.'s forecast earnings growth (3.3% per year) is above the savings rate (1%).
Earnings vs Market: QQ.'s earnings (3.3% per year) are forecast to grow slower than the UK market (24% per year).
High Growth Earnings: QQ.'s earnings are forecast to grow, but not significantly.
Revenue vs Market: QQ.'s revenue (3% per year) is forecast to grow slower than the UK market (6.4% per year).
High Growth Revenue: QQ.'s revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QQ.'s Return on Equity is forecast to be low in 3 years time (16.1%).
Next Steps
Past Performance
How has QinetiQ Group performed over the past 5 years?
0.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QQ. has high quality earnings.
Growing Profit Margin: QQ.'s current net profit margins (9.9%) are lower than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: QQ.'s earnings have grown by 0.3% per year over the past 5 years.
Accelerating Growth: QQ.'s has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: QQ. had negative earnings growth (-6%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (10.4%).
Return on Equity
High ROE: QQ.'s Return on Equity (12.8%) is considered low.
Next Steps
Financial Health
How is QinetiQ Group's financial position?
Financial Position Analysis
Short Term Liabilities: QQ.'s short term assets (£491.6M) exceed its short term liabilities (£395.8M).
Long Term Liabilities: QQ.'s short term assets (£491.6M) exceed its long term liabilities (£148.9M).
Debt to Equity History and Analysis
Debt Level: QQ. is debt free.
Reducing Debt: QQ. currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: QQ. has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: QQ. has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is QinetiQ Group current dividend yield, its reliability and sustainability?
2.19%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: QQ.'s dividend (2.19%) is higher than the bottom 25% of dividend payers in the UK market (1.52%).
High Dividend: QQ.'s dividend (2.19%) is low compared to the top 25% of dividend payers in the UK market (4.59%).
Stability and Growth of Payments
Stable Dividend: QQ.'s dividend payments have been volatile in the past 10 years.
Growing Dividend: QQ.'s dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.7%), QQ.'s dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: QQ.'s dividends in 3 years are forecast to be well covered by earnings (32.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Steve Wadey (54 yo)
5.75yrs
Tenure
UK£1,986,000
Compensation
Mr. Steve Wadey has been Chief Executive Officer of QinetiQ Group plc since April 27, 2015 and is responsible for its executive management and implementation of the strategy. Mr. Wadey has been an Executiv...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD2.72M) is above average for companies of similar size in the UK market ($USD1.75M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.75yrs | UK£1.99m | 0.096% £ 1.6m | |
| CFO & Corporate Governance and Director | 4yrs | UK£1.39m | 0.037% £ 627.4k | |
| Group Function Director Technical | 1yr | no data | no data | |
| Group Managing Director of Cyber & Information | 3.5yrs | no data | no data | |
| Group Head of Investor Relations | no data | no data | no data | |
| Company Secretary & Group General Counsel | 10yrs | no data | no data | |
| Group Function Director Human Resources | 5yrs | no data | no data | |
| Group Managing Director Air & Space | no data | no data | no data | |
| Group Function Director Business Development & Interim Group MD International | 1yr | no data | no data | |
| Group Managing Director of Maritime & Land | 3.5yrs | no data | no data | |
| President of United States | 1yr | no data | no data | |
| Treasurer | no data | no data | no data |
3.5yrs
Average Tenure
56yo
Average Age
Experienced Management: QQ.'s management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.75yrs | UK£1.99m | 0.096% £ 1.6m | |
| CFO & Corporate Governance and Director | 4yrs | UK£1.39m | 0.037% £ 627.4k | |
| Deputy Chairman & Senior Independent Non-Executive Director | 8.92yrs | UK£63.00k | 0.0071% £ 120.4k | |
| Independent Chairman of the Board | 1.5yrs | UK£188.00k | 0.0089% £ 150.5k | |
| Independent Non-Executive Director | 6.58yrs | UK£52.00k | 0.0018% £ 30.1k | |
| Independent Non-Executive Director | 5yrs | UK£85.00k | 0.0021% £ 36.2k | |
| Independent Non-Executive Director | 6.83yrs | UK£60.00k | 0.0077% £ 130.3k | |
| Independent Non-Executive Director | 0.67yr | no data | no data | |
| Independent Non-executive Director | 0.25yr | no data | no data |
5.0yrs
Average Tenure
59.5yo
Average Age
Experienced Board: QQ.'s board of directors are considered experienced (5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: QQ. 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
QinetiQ Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: QinetiQ Group plc
- Ticker: QQ.
- Exchange: LSE
- Founded: 2001
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: UK£1.699b
- Shares outstanding: 564.38m
- Website: https://www.qinetiq.com
Number of Employees
Location
- QinetiQ Group plc
- Cody Technology Park
- Ively Road
- Farnborough
- Hampshire
- GU14 0LX
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| QQ. | LSE (London Stock Exchange) | Yes | Ordinary Shares with Par Value 1P | GB | GBP | Feb 2006 |
| QY6 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares with Par Value 1P | DE | EUR | Feb 2006 |
| QNTQ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares with Par Value 1P | US | USD | Feb 2006 |
| QQL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares with Par Value 1P | GB | GBP | Feb 2006 |
| QNTQ.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jan 2007 |
Biography
QinetiQ Group plc operates as a science and engineering company primarily in the defence, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Servic...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/28 03:06 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.