Quad/Graphics
Market Cap
US$257.1m
Last Updated
2020/01/19 00:14 UTC
Data Sources
Company Financials +
Executive Summary
Quad/Graphics, Inc. provides marketing solutions worldwide.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Quad/Graphics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QUAD's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.0%
QUAD
2.6%
US Commercial Services
2.0%
US Market
1 Year Return
-64.9%
QUAD
22.9%
US Commercial Services
23.6%
US Market
Return vs Industry: QUAD underperformed the US Commercial Services industry which returned 23.7% over the past year.
Return vs Market: QUAD underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| QUAD | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 2.6% | 2.0% |
| 30 Day | 12.5% | 4.3% | 3.9% |
| 90 Day | -53.4% | 4.8% | 12.0% |
| 1 Year | -60.7%-64.9% | 27.5%22.9% | 26.2%23.6% |
| 3 Year | -76.6%-81.4% | 66.5%55.6% | 53.2%43.3% |
| 5 Year | -65.8%-76.3% | 108.1%86.9% | 75.7%56.3% |
Price Volatility Vs. Market
How volatile is Quad/Graphics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Quad/Graphics (NYSE:QUAD) Have A Healthy Balance Sheet?3 months ago | Simply Wall St
Is Quad/Graphics, Inc.'s (NYSE:QUAD) CEO Paid Enough Relative To Peers?4 months ago | Simply Wall St
Does The Quad/Graphics, Inc. (NYSE:QUAD) Share Price Fall With The Market?Valuation
Is Quad/Graphics undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QUAD ($4.73) is trading below our estimate of fair value ($19.27)
Significantly Below Fair Value: QUAD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QUAD is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.
PE vs Market: QUAD is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate QUAD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: QUAD is good value based on its PB Ratio (1.1x) compared to the US Commercial Services industry average (2.1x).
Next Steps
Future Growth
How is Quad/Graphics forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-13.0%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if QUAD's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if QUAD's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: QUAD's revenue is expected to decline over the next 3 years (-13% per year).
High Growth Revenue: QUAD's revenue is forecast to decline over the next 3 years (-13% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if QUAD's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Quad/Graphics performed over the past 5 years?
37.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QUAD is currently unprofitable.
Growing Profit Margin: QUAD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: QUAD is unprofitable, but has reduced losses over the past 5 years at a rate of 37% per year.
Accelerating Growth: Unable to compare QUAD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: QUAD is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-1.3%).
Return on Equity
High ROE: QUAD has a negative Return on Equity (-39.83%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Quad/Graphics's financial position?
Financial Position Analysis
Short Term Liabilities: QUAD's short term assets ($865.0M) exceed its short term liabilities ($818.9M).
Long Term Liabilities: QUAD's short term assets ($865.0M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: QUAD's debt to equity ratio (483.4%) is considered high.
Reducing Debt: QUAD's debt to equity ratio has increased from 132.3% to 483.4% over the past 5 years.
Balance Sheet
Inventory Level: QUAD has a high level of physical assets or inventory.
Debt Coverage by Assets: QUAD's debt is not covered by short term assets (assets are 0.7x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable QUAD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QUAD is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -33.3% per year.
Next Steps
Dividend
What is Quad/Graphics's current dividend yield, its reliability and sustainability?
12.32%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: QUAD's dividend (12.68%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: QUAD's dividend (12.68%) is in the top 25% of dividend payers in the US market (3.66%)
Stability and Growth of Payments
Stable Dividend: QUAD has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: QUAD's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: QUAD is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Quad/Graphics's salary, the management and board of directors tenure and is there insider trading?
4.6yrs
Average management tenure
CEO
J. Quadracci (50yo)
13.5yrs
Tenure
US$6,459,795
Compensation
Mr. J. Joel Quadracci serves as President of Quad/Greenfield, LLC and Graphic Imaging Technology, LLC. Mr. Quadracci has been the Chairman, Chief Executive Officer and President of Quad/Graphics, Inc. sinc ...
CEO Compensation Analysis
Compensation vs Market: J.'s total compensation ($USD6.46M) is above average for companies of similar size in the US market ($USD1.08M).
Compensation vs Earnings: J.'s compensation has increased whilst the company is unprofitable.
Management Age and Tenure
4.6yrs
Average Tenure
51.5yo
Average Age
Experienced Management: QUAD's management team is considered experienced (4.6 years average tenure).
Board Age and Tenure
6.1yrs
Average Tenure
60yo
Average Age
Experienced Board: QUAD's board of directors are considered experienced (6.1 years average tenure).
Insider Trading
Insider Buying: QUAD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Operating Officer Executive VP of Manufacturing & COO |
| Shares | 11,000 |
| Max Price | US$4.30 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | US$4.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 4,350 |
| Max Price | US$4.14 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 10,000 |
| Max Price | US$4.58 |
| Entity | Individual |
| Role | Chief Administrative Officer Executive VP of Administration |
| Shares | 10,000 |
| Max Price | US$4.57 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 4,974 |
| Max Price | US$10.67 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,000 |
| Max Price | US$11.53 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Product & Market Strategy |
| Shares | 15,000 |
| Max Price | US$13.14 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Tom Frankowski (58yo)
Executive VP of Manufacturing & COO
- Tenure: 5.8yrs
- Compensation: US$2.92m
J. Quadracci (50yo)
Chairman
- Tenure: 13.5yrs
- Compensation: US$6.46m
Renee Badura (55yo)
Executive Vice President of Sales & Marketing
- Tenure: 4.6yrs
Steve Jaeger (54yo)
Chief Information Officer
- Tenure: 5.8yrs
- Compensation: US$1.20m
Dave Honan (50yo)
Executive VP & CFO
- Tenure: 5.8yrs
- Compensation: US$2.01m
Eric Ashworth (53yo)
Executive Vice President of Product & Market Strategy
- Tenure: 3.8yrs
- Compensation: US$1.53m
Maura Packham (50yo)
Vice President of Corporate Communications
- Tenure: 3.1yrs
Jennifer Kent (47yo)
Executive VP of Administration
- Tenure: 4.6yrs
- Compensation: US$1.69m
Dana Gruen
Chief Compliance Officer
- Tenure: 3.1yrs
Kyle Egan
Director of Investor Relations & Assistant Treasurer
Board Members
John Fowler (68yo)
Director
- Tenure: 3.5yrs
- Compensation: US$252.18k
John Shiely (66yo)
Independent Director
- Tenure: 24yrs
- Compensation: US$248.69k
Mark Angelson (67yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$233.69k
Douglas Buth (64yo)
Independent Director
- Tenure: 15yrs
- Compensation: US$253.69k
Jay Rothman (60yo)
Independent Director
- Tenure: 2.7yrs
- Compensation: US$223.69k
Chris Harned (56yo)
Director
- Tenure: 15yrs
- Compensation: US$243.69k
J. Quadracci (50yo)
Chairman
- Tenure: 13.5yrs
- Compensation: US$6.46m
Kathryn Flores (51yo)
Director
- Tenure: 6.1yrs
- Compensation: US$233.69k
Steve Fuller (58yo)
Director
- Tenure: 4yrs
- Compensation: US$233.69k
Company Information
Quad/Graphics, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Quad/Graphics, Inc.
- Ticker: QUAD
- Exchange: NYSE
- Founded: 1971
- Industry: Commercial Printing
- Sector: Commercial Services
- Market Cap: US$257.119m
- Shares outstanding: 52.80m
- Website: https://www.quad.com
Number of Employees
Location
- Quad/Graphics, Inc.
- N61 W23044 Harry’s Way
- Sussex
- Wisconsin
- 53089
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| QUAD | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Jul 2010 |
| QGU | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jul 2010 |
Biography
Quad/Graphics, Inc. provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services. The company also provides marketing and other services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital and print execution, and logistics, as well as manufactures ink. It serves various blue chip companies that operate in various industries; and businesses and consumers comprising retailers, publishers, and direct marketers. Quad/Graphics, Inc. has a strategic partnership with the dtx company. The company was founded in 1971 and is headquartered in Sussex, Wisconsin.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/19 00:14 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.