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Quartix Holdings

AIM:QTX
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QTX
AIM
£124M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

Quartix Holdings plc designs, develops, markets, and delivers vehicle telematics services in the United Kingdom, France, the Republic of Ireland, and the United States. The last earnings update was 58 days ago. More info.


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QTX Share Price and Events
7 Day Returns
0%
AIM:QTX
73.2%
GB Software
1.5%
GB Market
1 Year Returns
-31.2%
AIM:QTX
102.4%
GB Software
2.1%
GB Market
QTX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Quartix Holdings (QTX) 0% 5.3% 1.2% -31.2% -20.2% -
GB Software 73.2% 77% 99.1% 102.4% 159.4% 267.6%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • QTX underperformed the Software industry which returned 102.4% over the past year.
  • QTX underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
QTX
Industry
5yr Volatility vs Market

Value

 Is Quartix Holdings 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 Quartix Holdings 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 Quartix Holdings.

AIM:QTX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:QTX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.137 (1 + (1- 19%) (0%))
1.092
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.092 * 6.65%)
8.49%

Discounted Cash Flow Calculation for AIM:QTX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Quartix Holdings 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.

AIM:QTX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.49%)
2019 5.35 Analyst x2 4.93
2020 5.65 Analyst x2 4.80
2021 6.10 Analyst x1 4.78
2022 6.23 Est @ 2.16% 4.50
2023 6.35 Est @ 1.88% 4.22
2024 6.46 Est @ 1.68% 3.96
2025 6.56 Est @ 1.55% 3.71
2026 6.65 Est @ 1.45% 3.47
2027 6.74 Est @ 1.38% 3.24
2028 6.83 Est @ 1.34% 3.03
Present value of next 10 years cash flows £40.63
AIM:QTX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £6.83 × (1 + 1.23%) ÷ (8.49% – 1.23%)
£95.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £95.27 ÷ (1 + 8.49%)10
£42.19
AIM:QTX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £40.63 + £42.19
£82.82
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £82.82 / 47.94
£1.73
AIM:QTX Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.73
Current discount Discount to share price of £2.58
= -1 x (£2.58 - £1.73) / £1.73
-49.3%

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

  • The current share price of Quartix Holdings 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 Quartix Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Quartix Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:QTX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.14
AIM:QTX Share Price ** AIM (2019-04-24) in GBP £2.58
United Kingdom of Great Britain and Northern Ireland Software Industry PE Ratio Median Figure of 33 Publicly-Listed Software Companies 30.16x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

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

** Primary Listing of Quartix Holdings.

AIM:QTX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:QTX Share Price ÷ EPS (both in GBP)

= 2.58 ÷ 0.14

17.94x

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

  • Quartix Holdings is good value based on earnings compared to the GB Software industry average.
  • Quartix Holdings is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Quartix Holdings's expected growth come at a high price?
Raw Data
AIM:QTX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-1.1%per year
United Kingdom of Great Britain and Northern Ireland Software Industry PEG Ratio Median Figure of 21 Publicly-Listed Software Companies 1.7x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

AIM:QTX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.94x ÷ -1.1%

-17.04x

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

  • Quartix Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Quartix Holdings's assets?
Raw Data
AIM:QTX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.36
AIM:QTX Share Price * AIM (2019-04-24) in GBP £2.58
United Kingdom of Great Britain and Northern Ireland Software Industry PB Ratio Median Figure of 72 Publicly-Listed Software Companies 2.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
AIM:QTX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:QTX Share Price ÷ Book Value per Share (both in GBP)

= 2.58 ÷ 0.36

7.1x

* Primary Listing of Quartix Holdings.

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

  • Quartix Holdings is overvalued based on assets compared to the GB Software industry average.
X
Value checks
We assess Quartix Holdings'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. Quartix Holdings has a total score of 1/6, 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.

Future Performance

 How is Quartix Holdings expected to perform in the next 1 to 3 years based on estimates from 3 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
-1.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Quartix Holdings expected to grow at an attractive rate?
  • Quartix Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Quartix Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Quartix Holdings's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:QTX Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:QTX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -1.1%
AIM:QTX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.9%
United Kingdom of Great Britain and Northern Ireland Software Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
United Kingdom of Great Britain and Northern Ireland Software Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
AIM:QTX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:QTX Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 26 7 6 2
2020-12-31 25 7 6 3
2019-12-31 24 7 5 3
AIM:QTX Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 26 6 7
2018-09-30 26 6 6
2018-06-30 25 7 6
2018-03-31 25 6 6
2017-12-31 25 6 6
2017-09-30 24 6 6
2017-06-30 24 6 7
2017-03-31 24 6 6
2016-12-31 23 6 6
2016-09-30 23 6 6
2016-06-30 22 6 6
2016-03-31 21 6 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Quartix Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Quartix Holdings's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (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
AIM:QTX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Quartix Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:QTX Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.12 0.12 0.12 2.00
2020-12-31 0.12 0.12 0.11 3.00
2019-12-31 0.11 0.11 0.11 3.00
AIM:QTX Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.14
2018-09-30 0.13
2018-06-30 0.12
2018-03-31 0.12
2017-12-31 0.12
2017-09-30 0.14
2017-06-30 0.14
2017-03-31 0.13
2016-12-31 0.13
2016-09-30 0.12
2016-06-30 0.12
2016-03-31 0.11

*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.
  • Quartix Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Quartix Holdings'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Quartix Holdings has a total score of 1/6, 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.

Past Performance

  How has Quartix Holdings 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 Quartix Holdings'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.
  • Quartix Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Quartix Holdings's 1-year earnings growth exceeds its 5-year average (17.3% vs 11.1%)
  • Quartix Holdings's earnings growth has exceeded the GB Software industry average in the past year (17.3% vs 14.8%).
Earnings and Revenue History
Quartix Holdings'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 Quartix Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:QTX Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 25.71 6.86 9.12
2018-09-30 25.53 6.37 9.06
2018-06-30 25.33 5.85 9.00
2018-03-31 24.91 5.83 8.63
2017-12-31 24.52 5.85 8.25
2017-09-30 24.44 6.42 7.93
2017-06-30 23.83 6.56 7.61
2017-03-31 23.59 6.33 7.57
2016-12-31 23.34 6.09 7.52
2016-09-30 22.70 5.83 7.24
2016-06-30 22.06 5.58 6.96
2016-03-31 20.87 5.30 6.53
2015-12-31 19.68 5.01 6.11
2015-09-30 18.40 4.38 5.88
2015-06-30 17.12 3.75 5.65
2015-03-31 16.22 3.89 5.35
2014-12-31 15.33 4.03 5.06
2014-09-30 14.86 4.32 4.70
2014-06-30 14.38 4.61 4.34
2014-03-31 13.78 4.23 4.11
2013-12-31 13.18 3.86 3.88
2012-12-31 8.31 2.33 3.09

*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.
  • Quartix Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Quartix Holdings used its assets more efficiently than the GB Software industry average last year based on Return on Assets.
  • Quartix Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Quartix Holdings'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.
Quartix Holdings has a total score of 6/6, 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.

Health

 How is Quartix Holdings'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 Quartix Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Quartix Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Quartix Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Quartix Holdings'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.
  • Quartix Holdings has no debt, it does not need to be covered by short term assets.
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 Quartix Holdings Company Filings, last reported 3 months ago.

AIM:QTX Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 17.39 0.00 6.78
2018-09-30 17.39 0.00 6.78
2018-06-30 14.88 0.00 4.89
2018-03-31 14.88 0.00 4.89
2017-12-31 16.81 0.00 7.31
2017-09-30 19.45 0.00 7.31
2017-06-30 17.25 0.00 4.78
2017-03-31 17.25 0.00 4.78
2016-12-31 18.33 0.00 6.25
2016-09-30 18.33 0.00 6.25
2016-06-30 16.05 0.50 4.60
2016-03-31 16.05 0.50 4.60
2015-12-31 15.20 1.00 4.04
2015-09-30 15.20 1.00 4.04
2015-06-30 13.10 1.49 2.31
2015-03-31 13.10 1.49 2.31
2014-12-31 12.15 1.99 1.81
2014-09-30 12.15 1.99 1.81
2014-06-30 10.48 1.49 0.41
2014-03-31 10.48 1.49 0.41
2013-12-31 10.66 2.98 0.78
2012-12-31 11.17 2.98 0.99
  • Quartix Holdings has no debt.
  • Quartix Holdings has no debt compared to 5 years ago when it was 27.8%.
  • Quartix Holdings has no debt, it does not need to be covered by operating cash flow.
  • Quartix Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Quartix Holdings'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. Quartix Holdings has a total score of 6/6, 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.

Dividends

 What is Quartix Holdings'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
4.81%
Current annual income from Quartix Holdings dividends. Estimated to be 4.08% next year.
If you bought £2,000 of Quartix Holdings shares you are expected to receive £96 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?
  • Quartix Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Quartix Holdings's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
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
AIM:QTX 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Software Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 1.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

AIM:QTX Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.11 2.00
2020-12-31 0.11 3.00
2019-12-31 0.10 3.00
AIM:QTX Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.124 4.768
2018-02-26 0.135 4.518
2017-02-27 0.065 1.774
2016-03-01 0.080 2.298
2016-02-29 0.080 2.372
2015-07-29 0.040 1.562
2015-03-03 0.030 1.730

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

  • Whilst dividend payments have been stable, Quartix Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Quartix Holdings only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Quartix Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Quartix Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Quartix Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Quartix Holdings has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Quartix Holdings'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
Andy Walters
COMPENSATION £87,182
AGE 62
CEO Bio

Mr. Andrew Walters, also knwon as Andy, Co-Founded Quartix Holdings plc in 2001 and has been its Chief Operating Officer since October 31, 2018. Mr. Walters serves as Chief Executive Officer of Quartix Holdings plc and has been its Executive Director since May 1, 2002. Mr. Walters serves as Chief Executive Officer, Managing Director and Director of Quartix Ltd. He held a number of senior management positions in the UK and internationally including Managing Director of Arcom Control Systems (a division of Spectris plc) with responsibility for the UK and US businesses and Marketing Director for Schlumberger Technologies' Smart Card and Payphone Division.

CEO Compensation
  • Andy's compensation has been consistent with company performance over the past year.
  • Andy's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Andy Walters

TITLE
CEO, COO & Executive Director
COMPENSATION
£87K
AGE
62

Daniel Mendis

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£99K
AGE
35
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Quartix Holdings board of directors in years:

4.7
Average Tenure
57.5
Average Age
  • The tenure for the Quartix Holdings board of directors is about average.
Board of Directors

Paul Boughton

TITLE
Non-Executive Chairman
COMPENSATION
£50K
AGE
62
TENURE
4.4 yrs

Andy Walters

TITLE
CEO, COO & Executive Director
COMPENSATION
£87K
AGE
62
TENURE
16.9 yrs

Daniel Mendis

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£99K
AGE
35
TENURE
1.3 yrs

Jim Warwick

TITLE
Non-Executive Director
COMPENSATION
£40K
AGE
53
TENURE
4.9 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 Quartix Holdings'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. Quartix Holdings 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.

News

Simply Wall St News

Is Quartix Holdings plc's (LON:QTX) CEO Pay Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Andy Walters's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Quartix Holdings plc has a market cap of UK£117m, and is paying total annual CEO compensation of UK£87k.

Simply Wall St -

Is Quartix Holdings plc's (LON:QTX) Balance Sheet Strong Enough To Weather A Storm?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is QTX right in choosing financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Quartix Holdings plc (LON:QTX): Commentary On Fundamentals

Quartix Holdings plc (LON:QTX) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

How Much Are Quartix Holdings plc (LON:QTX) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Quartix Holdings plc (LON:QTX). … The Last 12 Months Of Insider Transactions At Quartix Holdings. … In the last twelve months, the biggest single sale by an insider was when David Bridge sold UK£4.4m worth of shares at a price of UK£3.70 per share.

Simply Wall St -

What Should Investors Know About Quartix Holdings plc's (LON:QTX) Capital Returns?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Quartix Holdings is able to use capital to create earnings will help us understand your potential return. … Quartix Holdings's Return On Capital Employed

Simply Wall St -

Quartix Holdings plc (LON:QTX): Cash Is King

If you are currently a shareholder in Quartix Holdings plc (LON:QTX), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Quartix Holdings’s cash flow, which will help you understand the stock from a cash standpoint. … Quartix Holdings generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating.

Simply Wall St -

Estimating The Fair Value Of Quartix Holdings plc (LON:QTX)

I am going to run you through how I calculated the intrinsic value of Quartix Holdings plc (LON:QTX). … by taking the expected future cash flows and discounting them 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 -

Should You Buy Quartix Holdings plc (LON:QTX) For Its Dividend?

Quartix Holdings plc (LON:QTX) has paid a dividend to shareholders in the last few years. … Let's dig deeper into whether Quartix Holdings should have a place in your portfolio. … See our latest analysis for Quartix Holdings

Simply Wall St -

Can Quartix Holdings plc (LON:QTX) Continue To Outperform Its Industry?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Check out our latest analysis for Quartix Holdings

Simply Wall St -

Should Income Investors Buy Quartix Holdings plc (LON:QTX) Before Its Ex-Dividend?

If you are interested in cashing in on Quartix Holdings plc's (LON:QTX) upcoming dividend of UK£0.024 per share, you only have 2 days left to buy the shares before its ex-dividend date, 16 August 2018, in time for dividends payable on the 14 September 2018. … If you are a dividend investor, you should always assess these five key metrics:? … Has it paid dividend every year without dramatically reducing payout in the past?

Simply Wall St -

Company Info

Description

Quartix Holdings plc designs, develops, markets, and delivers vehicle telematics services in the United Kingdom, France, the Republic of Ireland, and the United States. It offers vehicle tracking devices, software, and services that provide real time vehicle tracking; timesheet reports; driving style reports; vehicle tracking reports and dashboards; fleet management; geofence that sends alerts when rules are broken; and customized tracking solutions and services. The company offers its products primarily to building and construction, trades and field services, transportation, security, and distribution industries. Quartix Holdings plc was founded in 2001 and is based in Cambridge, the United Kingdom.

Details
Name: Quartix Holdings plc
QTX
Exchange: AIM
Founded: 2001
£123,680,865
47,938,320
Website: http://www.quartix.net
Address: Quartix Holdings plc
9 Dukes Court,
44~62 Newmarket Road,
Cambridge,
Cambridgeshire, CB5 8DZ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM QTX Ordinary Shares London Stock Exchange AIM Market GB GBP 06. Nov 2014
Number of employees
Current staff
Staff numbers
136
Quartix Holdings employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 22:46
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/03/26
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
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.