AIM:QXT

Stock Analysis Report

Executive Summary

Quixant Plc engages in the design, development, and manufacture of PC based gaming platforms and display solutions for the gaming and slot machine industry worldwide.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

7.1%

QXT

0.08%

GB Hospitality

0.08%

GB Market


1 Year Return

-48.7%

QXT

20.5%

GB Hospitality

3.5%

GB Market

Return vs Industry: QXT underperformed the UK Hospitality industry which returned 20.5% over the past year.

Return vs Market: QXT underperformed the UK Market which returned 3.5% over the past year.


Shareholder returns

QXTIndustryMarket
7 Day7.1%0.08%0.08%
30 Day27.9%-0.5%-1.3%
90 Day-29.3%2.5%-2.2%
1 Year-48.1%-48.7%25.0%20.5%9.0%3.5%
3 Year-29.4%-31.0%30.8%16.9%18.1%3.1%
5 Year38.7%33.6%64.3%38.3%36.2%5.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Quixant undervalued compared to its fair value and its price relative to the market?

7.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QXT (£1.95) is trading below our estimate of fair value (£2.11)

Significantly Below Fair Value: QXT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: QXT is good value based on its PE Ratio (14.6x) compared to the Hospitality industry average (24.6x).

PE vs Market: QXT is good value based on its PE Ratio (14.6x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: QXT is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: QXT is overvalued based on its PB Ratio (2.8x) compared to the GB Hospitality industry average (1.6x).


Next Steps

Future Growth

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

23.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QXT's forecast earnings growth (23.1% per year) is above the savings rate (1.2%).

Earnings vs Market: QXT's earnings (23.1% per year) are forecast to grow faster than the UK market (12.4% per year).

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

Revenue vs Market: QXT's revenue (3.9% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: QXT's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if QXT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Quixant performed over the past 5 years?

19.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: QXT's earnings have grown by 19.1% per year over the past 5 years.

Accelerating Growth: QXT's earnings growth over the past year (6.3%) is below its 5-year average (19.1% per year).

Earnings vs Industry: QXT earnings growth over the past year (6.3%) exceeded the Hospitality industry 4.7%.


Return on Equity

High ROE: QXT's Return on Equity (19.4%) is considered low.


Return on Assets

ROA vs Industry: QXT has a higher Return on Assets than the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: QXT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Quixant's financial position?


Financial Position Analysis

Short Term Liabilities: QXT's short term assets ($63.2M) exceeds its short term liabilities ($24.6M)

Long Term Liabilities: QXT's short term assets (63.2M) exceeds its long term liabilities (3.0M)


Debt to Equity History and Analysis

Debt Level: QXT's debt to equity ratio (1.5%) is considered satisfactory

Reducing Debt: QXT's debt to equity ratio has reduced from 8.6% to 1.5% over the past 5 years.

Debt Coverage: QXT's debt is well covered by operating cash flow (1867%).

Interest Coverage: QXT's interest payments on its debt are well covered by EBIT (73.6x coverage).


Balance Sheet

Inventory Level: QXT has a high level of physical assets or inventory.

Debt Coverage by Assets: QXT's debt is covered by short term assets (assets are 73.475580x debt).


Next Steps

Dividend

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

1.48%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%2.0%markettop25%5.4%industryaverage2.7%forecastin3Years1.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: QXT's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.98%).

High Dividend: QXT's dividend (1.48%) is low compared to the top 25% of dividend payers in the UK market (5.37%).

Stable Dividend: Whilst dividend payments have been stable, QXT has been paying a dividend for less than 10 years.

Growing Dividend: QXT's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.9%), QXT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: QXT's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Jon Jayal (37yo)

1.6yrs

Tenure

US$420,000

Compensation

Mr. Jonathan Francis Jayal, also known as Jon, has been the Chief Executive Officer of Quixant Plc since March 2018 and served as its Chief Operating Officer from June 20, 2016 to March 2018. Mr. Jayal ser ...


CEO Compensation Analysis

Compensation vs. Market: Jon has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.3yrs

Average Tenure

54yo

Average Age

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


Board Age and Tenure

2.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: QXT's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: QXT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$65,25014 Oct 19
Chen-Tai Lin
EntityIndividual
Role
Member of the Board of Directors
Founder
Shares37,500
Max PriceUS$1.74
BuyUS$8,22523 Sep 19
Gaye Anne Hudson
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares5,000
Max PriceUS$1.65
BuyUS$2,83119 Sep 19
Guy Christopher Zwanenberg
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares1,750
Max PriceUS$1.62
BuyUS$16,30018 Sep 19
Michael Peagram
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares10,000
Max PriceUS$1.63
BuyUS$19,99818 Sep 19
Gary Mullins
EntityIndividual
Role
Member of the Board of Directors
Founder
Shares12,582
Max PriceUS$1.62
BuyUS$497,15018 Sep 19
Nicholas Charles Jarmany
EntityIndividual
Role
Vice Chairman
Founder & Executive Vice Chairman
Shares305,000
Max PriceUS$1.63
BuyUS$8,19318 Sep 19
Jonathan Jayal
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares5,000
Max PriceUS$1.65
BuyUS$42,90003 May 19
Michael Peagram
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares16,500
Max PriceUS$2.60
BuyUS$9,99910 Apr 19
Gary Mullins
EntityIndividual
Role
Member of the Board of Directors
Founder
Shares3,676
Max PriceUS$2.72
BuyUS$29,75027 Mar 19
Jonathan Jayal
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares10,000
Max PriceUS$2.98

Ownership Breakdown


Management Team

  • Guy Millward (54yo)

    CFO & Director

    • Tenure: 1yrs
    • Compensation: US$121.00k
  • Nick Jarmany (57yo)

    Founder & Executive Vice Chairman

    • Tenure: 1.6yrs
    • Compensation: US$164.00k
  • Gary Mullins (48yo)

    Founder

    • Tenure: 0yrs
    • Compensation: US$159.00k
  • JJ Lin (56yo)

    Founder

    • Tenure: 0yrs
    • Compensation: US$264.00k
  • Jon Jayal (37yo)

    CEO & Executive Director

    • Tenure: 1.6yrs
    • Compensation: US$420.00k
  • Louise Park

    Company Secretary

    • Tenure: 2.9yrs
  • Andrew Miller

    Head of Corporate Operations

    • Tenure: 0.6yrs

Board Members

  • Mike Peagram (76yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: US$113.00k
  • Guy Millward (54yo)

    CFO & Director

    • Tenure: 1yrs
    • Compensation: US$121.00k
  • Nick Jarmany (57yo)

    Founder & Executive Vice Chairman

    • Tenure: 1.6yrs
    • Compensation: US$164.00k
  • Guy Christopher Zwanenberg (65yo)

    Independent Non-Executive Director

    • Tenure: 6.6yrs
    • Compensation: US$61.00k
  • Gary Mullins (48yo)

    Founder

    • Tenure: 0yrs
    • Compensation: US$159.00k
  • JJ Lin (56yo)

    Founder

    • Tenure: 0yrs
    • Compensation: US$264.00k
  • Jon Jayal (37yo)

    CEO & Executive Director

    • Tenure: 1.6yrs
    • Compensation: US$420.00k
  • Gaye Anne Hudson (62yo)

    Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: US$54.00k

Company Information

Quixant Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Quixant Plc
  • Ticker: QXT
  • Exchange: AIM
  • Founded: 2005
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: UK£127.223m
  • Shares outstanding: 66.44m
  • Website: https://www.quixant.com

Number of Employees


Location

  • Quixant Plc
  • Aisle Barn
  • 100 High Street
  • Balsham
  • Cambridgeshire
  • CB21 4EP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QXTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2013

Biography

Quixant Plc engages in the design, development, and manufacture of PC based gaming platforms and display solutions for the gaming and slot machine industry worldwide. The company also designs, develops, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:27
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.