OTCPK:QCKS.F

Stock Analysis Report

Executive Summary

Quickstep Holdings Limited manufactures advanced composites for the aerospace, defense, automotive, rail, and other manufacturing sectors in Australia, the United States, and internationally.

Snowflake

Fundamentals

Reasonable growth potential with questionable track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

QCKS.F

1.2%

US Aerospace & Defense

1.0%

US Market


1 Year Return

n/a

QCKS.F

7.8%

US Aerospace & Defense

6.7%

US Market


Shareholder returns

QCKS.FIndustryMarket
7 Day0%1.2%1.0%
30 Day0%-1.5%-1.8%
90 Day0%3.1%-1.8%
1 Yearn/a10.0%7.8%9.1%6.7%
3 Yearn/a61.7%52.9%46.1%36.6%
5 Year-68.2%-68.2%102.2%83.1%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

52.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate QCKS.F's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate QCKS.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: QCKS.F is poor value based on its PE Ratio (52.4x) compared to the Aerospace & Defense industry average (22.9x).

PE vs Market: QCKS.F is poor value based on its PE Ratio (52.4x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: QCKS.F is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: QCKS.F is overvalued based on its PB Ratio (5.6x) compared to the US Aerospace & Defense industry average (2.4x).


Next Steps

Future Growth

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

45.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QCKS.F's forecast earnings growth (45.7% per year) is above the savings rate (2.7%).

Earnings vs Market: QCKS.F's earnings (45.7% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: QCKS.F's revenue (7.1% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: QCKS.F's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Quickstep Holdings performed over the past 5 years?

29.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: QCKS.F has become profitable over the past 5 years, growing earnings by 29.8% per year.

Accelerating Growth: QCKS.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: QCKS.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (12.2%).


Return on Equity

High ROE: QCKS.F's Return on Equity (11%) is considered low.


Return on Assets

ROA vs Industry: QCKS.F's Return on Assets is below or equal to the Aerospace & Defense industry average last year.


Return on Capital Employed

ROCE Improving: QCKS.F has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Quickstep Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: QCKS.F's short term assets (A$26.9M) exceeds its short term liabilities (A$24.5M)

Long Term Liabilities: QCKS.F's short term assets (26.9M) exceeds its long term liabilities (6.7M)


Debt to Equity History and Analysis

Debt Level: QCKS.F's debt to equity ratio (184.5%) is considered high

Reducing Debt: QCKS.F's debt to equity ratio has increased from 125.2% to 184.5% over the past 5 years.

Debt Coverage: QCKS.F's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: QCKS.F's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Mark Burgess 0

2.2yrs

Tenure

AU$748,003

Compensation

Mr. Mark H. Burgess has been the Chief Executive Officer, Managing Director and Director of Quickstep Holdings Limited since May 18, 2017. Mr. Burgess serves as Vice President of Honeywell Aerospace Asia P ...


CEO Compensation Analysis

Information is not available.

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


Management Age and Tenure

2.2yrs

Average Tenure

Experienced Management: QCKS.F's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

3.9yrs

Average Tenure

67yo

Average Age

Experienced Board: QCKS.F's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$2,714,06926 Sep 19
AustralianSuper Pty Ltd
EntityCompany
Shares36,442,682
Max PriceAU$0.074
BuyAU$123,20724 Sep 19
Regal Funds Management Pty Limited
EntityCompany
Shares2,181,946
Max PriceAU$0.06
BuyAU$322,74420 May 19
Perpetual Limited
EntityCompany
Shares6,020,512
Max PriceAU$0.054
BuyAU$8,30407 Nov 18
Mark Burgess
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares150,000
Max PriceAU$0.055

Ownership Breakdown


Management Team

  • Jaime Pinto (48yo)

    Company Secretary

    • Tenure: 6.7yrs
    • Compensation: AU$60.00k
  • Alan Tilley

    Chief Financial Officer

    • Tenure: 1.1yrs
  • Mike Schramko

    GM of Business Development

    • Tenure: 2.2yrs
    • Compensation: AU$263.05k
  • Tim Olding

    General Manager of Systems

    • Tenure: 2.2yrs
    • Compensation: AU$294.86k
  • Michael Hau

    Director of European Operations

    • Tenure: 2.2yrs
    • Compensation: AU$90.65k
  • Jacque Courtney-Pitman

    Executive General Manager of Human Resources

    • Tenure: 0yrs
    • Compensation: AU$279.29k
  • Carl de Koning

    General Manager of Marketing & External Relations

    • Tenure: 2.2yrs
  • Mark Burgess

    CEO, MD & Director

    • Tenure: 2.2yrs
    • Compensation: AU$748.00k
  • Gary Robinson

    Executive General Manager of Operations

    • Tenure: 1.5yrs
  • David Doral

    CTO & Head of Engineering

    • Tenure: 0.5yrs

Board Members

  • Andrew Walker (67yo)

    Chairman of Technology Advisory Board

    • Tenure: 12.3yrs
  • James Douglas

    Non Executive Director

    • Tenure: 2.6yrs
    • Compensation: AU$66.97k
  • Bruce Griffiths (69yo)

    Independent Non-Executive Director

    • Tenure: 6.4yrs
    • Compensation: AU$66.25k
  • Lou Luedtke

    Member of Technology Advisory Board

    • Tenure: 0yrs
  • Tony Henry Quick (63yo)

    Chairman

    • Tenure: 5.2yrs
    • Compensation: AU$126.00k
  • Leanne Heywood

    Non-Executive Director

    • Tenure: 0.4yrs
  • Mark Burgess

    CEO, MD & Director

    • Tenure: 2.2yrs
    • Compensation: AU$748.00k

Company Information

Quickstep Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Quickstep Holdings Limited
  • Ticker: QCKS.F
  • Exchange: OTCPK
  • Founded: 2001
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: AU$59.666m
  • Listing Market Cap: AU$41.953m
  • Shares outstanding: 710.31m
  • Website: https://www.quickstep.com.au

Number of Employees


Location

  • Quickstep Holdings Limited
  • 361 Milperra Road
  • Bankstown
  • New South Wales
  • 2200
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QHLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2005
QCKS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2005
QHLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2005

Biography

Quickstep Holdings Limited manufactures advanced composites for the aerospace, defense, automotive, and other manufacturing sectors. It produces aerospace-grade composite components using autoclave-based m ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/16 00:35
End of Day Share Price2019/04/17 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.