NYSE:QUAD

Stock Analysis Report

Executive Summary

Quad/Graphics, Inc. provides marketing solutions worldwide.

Snowflake

Fundamentals

Fair value with moderate growth potential.

Risks

  • Quad/Graphics is covered by less than 3 analysts.

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


Market Performance


7 Day Return

-8.0%

NYSE:QUAD

-0.3%

US Commercial Services

-0.7%

US Market


1 Year Return

-58.9%

NYSE:QUAD

5.8%

US Commercial Services

-0.5%

US Market

QUAD underperformed the Commercial Services industry which returned 5.9% over the past year.

QUAD underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

QUADIndustryMarket
7 Day-8.0%-0.3%-0.7%
30 Day26.0%-0.9%-3.0%
90 Day-5.4%3.4%0.9%
1 Year-54.7%-58.9%9.9%5.8%1.7%-0.5%
3 Year-58.3%-66.3%64.3%53.2%39.5%30.4%
5 Year-38.1%-56.9%96.4%76.6%54.1%37.0%

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

Valuation

Is Quad/Graphics undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Quad/Graphics's share price is below the future cash flow value, and at a moderate discount (> 20%).

Quad/Graphics's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Quad/Graphics is loss making, we can't compare its value to the US Commercial Services industry average.

Quad/Graphics is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Quad/Graphics, we can't assess if its growth is good value.


Price Based on Value of Assets

Quad/Graphics is good value based on assets compared to the US Commercial Services industry average.


Next Steps

Future Growth

How is Quad/Graphics expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

24.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Quad/Graphics's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Quad/Graphics's earnings are expected to grow significantly at over 20% yearly.

Quad/Graphics's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Quad/Graphics's earnings growth is expected to exceed the United States of America market average.

Quad/Graphics's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Quad/Graphics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Quad/Graphics performed over the past 5 years?

32.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Quad/Graphics does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Quad/Graphics's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Quad/Graphics's 1-year growth to the US Commercial Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Quad/Graphics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Quad/Graphics used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Quad/Graphics improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Quad/Graphics's financial position?


Financial Position Analysis

Quad/Graphics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Quad/Graphics's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Quad/Graphics's level of debt (281.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (127.6% vs 281.7% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x 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.

Whilst loss making Quad/Graphics has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Quad/Graphics has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.


Next Steps

Dividend

What is Quad/Graphics's current dividend yield, its reliability and sustainability?

12.63%

Current Dividend Yield


Dividend Yield and Payments Analysis

Quad/Graphics's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Quad/Graphics's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, Quad/Graphics has been paying a dividend for less than 10 years.

Dividend payments have increased, but Quad/Graphics only paid a dividend in the past 9 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

J. Quadracci (50yo)

13.1yrs

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

J.'s remuneration is higher than average for companies of similar size in United States of America.

J.'s compensation has increased whilst company is loss making.


Management Age and Tenure

4.2yrs

Average Tenure

51.5yo

Average Age

The tenure for the Quad/Graphics management team is about average.


Board Age and Tenure

5.7yrs

Average Tenure

60yo

Average Age

The tenure for the Quad/Graphics board of directors is about average.


Insider Trading

Quad/Graphics individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$53,08312 Aug 19
Kathryn Flores
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,974
Max PriceUS$10.67
SellUS$111,92406 Aug 19
John Fowler
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$11.53
SellUS$197,06308 Mar 19
Eric Ashworth
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Product & Market Strategy
Shares15,000
Max PriceUS$13.14

Ownership Breakdown


Management Team

  • Tom Frankowski (58yo)

    Executive VP of Manufacturing & COO

    • Tenure: 5.4yrs
    • Compensation: US$2.92m
  • J. Quadracci (50yo)

    Chairman

    • Tenure: 13.1yrs
    • Compensation: US$6.46m
  • Renee Badura (55yo)

    Executive Vice President of Sales & Marketing

    • Tenure: 4.2yrs
  • Steve Jaeger (54yo)

    Chief Information Officer

    • Tenure: 5.4yrs
    • Compensation: US$1.20m
  • Dave Honan (50yo)

    Executive VP & CFO

    • Tenure: 5.4yrs
    • Compensation: US$2.01m
  • Eric Ashworth (53yo)

    Executive Vice President of Product & Market Strategy

    • Tenure: 3.3yrs
    • Compensation: US$1.53m
  • Maura Packham (50yo)

    Vice President of Corporate Communications

    • Tenure: 2.7yrs
  • Jennifer Kent (47yo)

    Executive VP of Administration

    • Tenure: 4.2yrs
    • Compensation: US$1.69m
  • Dana Gruen

    Chief Compliance Officer

    • Tenure: 2.7yrs
  • Kyle Egan

    Director of Investor Relations & Assistant Treasurer

    • Tenure: 0.0yrs

Board Members

  • John Fowler (68yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: US$252.18k
  • John Shiely (66yo)

    Independent Director

    • Tenure: 23.6yrs
    • Compensation: US$248.69k
  • Mark Angelson (67yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$233.69k
  • Douglas Buth (64yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: US$253.69k
  • Jay Rothman (60yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$223.69k
  • Chris Harned (56yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$243.69k
  • J. Quadracci (50yo)

    Chairman

    • Tenure: 13.1yrs
    • Compensation: US$6.46m
  • Kathryn Flores (51yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$233.69k
  • Steve Fuller (58yo)

    Director

    • Tenure: 3.6yrs
    • 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$502.073m
  • Shares outstanding: 52.85m
  • Website: https://www.quad.com

Number of Employees


Location

  • Quad/Graphics, Inc.
  • N61 W23044 Harry’s Way
  • Sussex
  • Wisconsin
  • 53089
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QUADNYSE (New York Stock Exchange)YesClass A Common StockUSUSDJul 2010
QGUDB (Deutsche Boerse AG)YesClass A Common StockDEEURJul 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 in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 00:28
End of Day Share Price2019/08/16 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.