AIM:QXT

Stock Analysis Report

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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. More Details

Rewards

Trading at 8.9% below our estimate of its fair value

Revenue is forecast to grow 6.27% per year

Risk Analysis

No risks detected for QXT from our risk checks.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: QXT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

QXT

-0.7%

GB Hospitality

0.4%

GB Market


1 Year Return

-20.3%

QXT

-34.8%

GB Hospitality

-13.8%

GB Market

Return vs Industry: QXT exceeded the UK Hospitality industry which returned -34.8% over the past year.

Return vs Market: QXT underperformed the UK Market which returned -13.8% over the past year.


Shareholder returns

QXTIndustryMarket
7 Day0%-0.7%0.4%
30 Day-3.2%7.1%-0.3%
90 Day17.4%2.9%-1.7%
1 Year-20.3%-20.3%-32.8%-34.8%-10.4%-13.8%
3 Year-69.8%-70.4%-19.7%-27.0%-4.3%-15.8%
5 Year-14.5%-17.1%2.0%-16.1%22.8%-4.6%

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?

8.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QXT (£1.22) is trading below our estimate of fair value (£1.33)

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 (12.6x) compared to the GB Hospitality industry average (21.5x).

PE vs Market: QXT is good value based on its PE Ratio (12.6x) compared to the UK market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QXT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QXT is overvalued based on its PB Ratio (1.6x) compared to the GB Hospitality industry average (1.1x).


Next Steps

Future Growth

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

6.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if QXT's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if QXT's earnings are forecast to grow faster than the UK market

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

Revenue vs Market: QXT's revenue (6.3% per year) is forecast to grow faster than the UK market (6.3% per year).

High Growth Revenue: QXT's revenue (6.3% 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?

13.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QXT has high quality earnings.

Growing Profit Margin: QXT's current net profit margins (9%) are lower than last year (12.3%).


Past Earnings Growth Analysis

Earnings Trend: QXT's earnings have grown by 13% per year over the past 5 years.

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

Earnings vs Industry: QXT had negative earnings growth (-41.3%) over the past year, making it difficult to compare to the Hospitality industry average (-25.4%).


Return on Equity

High ROE: QXT's Return on Equity (12.7%) is considered low.


Next Steps

Financial Health

How is Quixant's financial position?


Financial Position Analysis

Short Term Liabilities: QXT's short term assets ($61.0M) exceed its short term liabilities ($18.2M).

Long Term Liabilities: QXT's short term assets ($61.0M) exceed its long term liabilities ($3.1M).


Debt to Equity History and Analysis

Debt Level: QXT's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: QXT's debt to equity ratio has reduced from 6.3% to 1.3% over the past 5 years.

Debt Coverage: QXT's debt is well covered by operating cash flow (1822.7%).

Interest Coverage: QXT's interest payments on its debt are well covered by EBIT (70.3x coverage).


Balance Sheet


Next Steps

Dividend

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

2.43%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate QXT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate QXT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if QXT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QXT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: QXT is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of QXT's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Jon Jayal (38 yo)

2.5yrs

Tenure

US$432,000

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's total compensation ($USD432.00K) is about average for companies of similar size in the UK market ($USD345.91K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Jayal
CEO & Executive Director2.5yrsUS$432.00k0.56%
$ 455.9k
Nicholas Charles Jarmany
Founder & Non-Executive Director15.5yrsUS$152.00k16.86%
$ 13.6m
Duncan Faithfull
Global Sales Director0.67yrUS$145.00kno data
Gary Mullins
Founder14.67yrsUS$159.00k3.34%
$ 2.7m
Andrew Jarvis
Interim Chief Financial Officer0.083yrno datano data
Andrew Miller
Head of Corporate Operations1.5yrsno datano data
Louise Park
Company Secretary3.83yrsno datano data

1.5yrs

Average Tenure

49yo

Average Age

Experienced Management: QXT's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jonathan Jayal
CEO & Executive Director2.5yrsUS$432.00k0.56%
$ 455.9k
Nicholas Charles Jarmany
Founder & Non-Executive Director15.5yrsUS$152.00k16.86%
$ 13.6m
Gary Mullins
Founder14.67yrsUS$159.00k3.34%
$ 2.7m
Michael Peagram
Independent Non-Executive Chairmanno dataUS$114.00k0.40%
$ 320.4k
Guy Christopher Zwanenberg
Independent Non-Executive Director7.5yrsUS$60.00k0.042%
$ 33.8k

11.1yrs

Average Tenure

58yo

Average Age

Experienced Board: QXT's board of directors are seasoned and experienced ( 11.1 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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£80.719m
  • Shares outstanding: 66.44m
  • Website: https://www.quixant.com

Number of Employees


Location

  • Quixant Plc
  • Aisle Barn
  • 100 High Street
  • Cambridge
  • 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 designs, develops, and del ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 05:30
End of Day Share Price2020/09/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.