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QQQ

Invesco QQQ Trust Series 1NasdaqGM:QQQ Stock Report

Market Cap

US$189.1b

7D

-1.4%

1Y

40.5%

Updated

23 Sep, 2021

Data

Company Financials
QQQ fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

QQQ Overview

Invesco QQQ Trust, Series 1 is an exchange traded fund launched by Invesco Ltd.

Invesco QQQ Trust Series 1 Competitors

State Street

NYSE:STT

US$30.4b

Vanguard World Fund - Vanguard Consumer Discretionary ETF

ARCA:VCR

US$5.1b

WisdomTree Investments

NasdaqGS:WETF

US$805.5m

ProShares Trust II - ProShares Ultra Yen

ARCA:YCL

US$0

Price History & Performance

Summary of all time highs, changes and price drops for Invesco QQQ Trust Series 1
Historical stock prices
Current Share PriceUS$372.98
52 Week HighUS$261.22
52 Week LowUS$382.78
Beta1.02
1 Month Change-0.37%
3 Month Change6.73%
1 Year Change40.54%
3 Year Change100.71%
5 Year Change216.51%
Change since IPO630.44%

Recent News & Updates

Sep 14

Is QQQ Overvalued Or Undervalued?

QQQ is generally perceived as tilting very heavily towards Tech Growth. Though many investors believe you can't use traditional valuation metrics to assess Tech Growth, I disagree. Invesco's valuation metrics don't include average 5-year EPS growth, a metric that is particularly useful when valuing mature but still aggressively growing stocks like those that dominate QQQ. We look at how the average 5 year EPS growth rate relates to P/E of the many QQQ stocks with 5+ years of earnings. We also look at how the current price of QQQ stocks compares to analysts' 5-year price targets. Valuation is a useful tool but must be used with caution, as crowd sentiment plays such a strong role in QQQ's pricing.

Aug 22

TQQQ: A Subtle Way Holding Long Can Go Wrong

TQQQ can underperform QQQ even if QQQ rises in the long run. This happens in volatile markets where volatility decay eats away at TQQQ returns. While most TQQQ investors primarily fear a bear market, volatility decay during bull markets accounts for a significant portion of TQQQ underperformance.

Aug 15

QQQ: Valuations Are High But Long-Term Holders Should Be Comfortable

While tech stock valuations appear high, QQQ is probably not in bubble territory. Given the high return on equity that the QQQ portfolio generates, the long-term IRR is likely to remain safely strong and positive. So, long-term buy-and-hold investors should be comfortable with holding QQQ, although admittedly there are valuation risks brewing for a correction of perhaps 10-20% in the medium term. Equally probable, however, is a situation in which we see a "flat market" with low volatility, as earnings pick up and "catch up" with valuations. I would therefore be optimistically neutral at present, but would not be pressed to sell, especially while monetary policy remains as accommodative as it is at present.

Jul 13

Apple And Amazon Are Leading The Stock Market To Extremely Overbought Levels

The Nasdaq 100 is now in rarely seen overbought levels. The majority of the time when the index was this overbought a sharp correction followed. Apple and Amazon appear to be leading the charge on the latest price movement.

Jun 29

QQQ: Borrowing From The Future

The QQQ's parabolic advance will undoubtedly come at the expense of dismal future returns. A dramatic increase in transfer payments and restrictions on the kind of spending that consumers have been able to engage in have led to an unsustainable boom in Nasdaq sales. The current high personal savings rate belies the ongoing decline in national savings which will come at the expense of future real GDP and consumption growth. With a dividend yield of just 0.7%, investors are likely to have to wait decades before the Nasdaq 100 offers a reasonable dividend yield.

May 28

Equity ETFs witnessed net inflows for fifteen of the past sixteen weeks

In this week's U.S. weekly fund flows insight report by Refinitiv Lipper ending May 26th, 2021, data points to the fact that market participants were net purchasers of fund assets, both traditional funds and exchange traded funds totaling +$77.9B.Dissecting the data and investors witness during the week that market participants pumped +$65.6B into money market funds and +$8.2B into equity funds. Additionally, investors were net purchasers of +$2.6B of taxable bond funds and +$1.5B of tax-exempt bond funds.Equity-based exchange traded

Shareholder Returns

QQQUS Capital MarketsUS Market
7D-1.4%-0.6%-0.5%
1Y40.5%68.1%37.5%

Return vs Industry: QQQ underperformed the US Capital Markets industry which returned 65.2% over the past year.

Return vs Market: QQQ exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is QQQ's price volatile compared to industry and market?
QQQ volatility
QQQ Beta1.02
Industry Beta1.19
Market Beta1

Stable Share Price: QQQ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: QQQ's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/an/ahttps://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=QQQ

Invesco QQQ Trust, Series 1 is an exchange traded fund launched by Invesco Ltd. The fund is managed by Invesco Capital Management LLC. The fund invests in public equity markets of global region.

Invesco QQQ Trust Series 1 Fundamentals Summary

How do Invesco QQQ Trust Series 1's earnings and revenue compare to its market cap?
QQQ fundamental statistics
Market CapUS$189.11b
Earnings (TTM)US$41.56b
Revenue (TTM)US$946.84m

4.6x

P/E Ratio

201.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QQQ income statement (TTM)
RevenueUS$946.84m
Cost of RevenueUS$82.32m
Gross ProfitUS$864.51m
Expenses-US$40.70b
EarningsUS$41.56b

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)85.19
Gross Margin91.31%
Net Profit Margin4,389.38%
Debt/Equity Ratio0.0%

How did QQQ perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

2%

Payout Ratio

Valuation

Is Invesco QQQ Trust Series 1 undervalued compared to its fair value and its price relative to the market?

23.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QQQ ($372.98) is trading below our estimate of fair value ($485.99)

Significantly Below Fair Value: QQQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: QQQ is good value based on its PE Ratio (4.6x) compared to the US Capital Markets industry average (14.8x).

PE vs Market: QQQ is good value based on its PE Ratio (4.6x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QQQ is good value based on its PB Ratio (1.4x) compared to the US Capital Markets industry average (61.3x).

Future Growth

How is Invesco QQQ Trust Series 1 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Invesco QQQ Trust Series 1 has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Invesco QQQ Trust Series 1 performed over the past 5 years?

44.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QQQ has a large one-off gain of $40.8B impacting its September 30 2020 financial results.

Growing Profit Margin: QQQ's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: QQQ's earnings have grown significantly by 44.2% per year over the past 5 years.

Accelerating Growth: QQQ's earnings growth over the past year (2406.7%) exceeds its 5-year average (44.2% per year).

Earnings vs Industry: QQQ earnings growth over the past year (2406.7%) exceeded the Capital Markets industry 77.4%.


Return on Equity

High ROE: QQQ's Return on Equity (30.6%) is considered high.

Financial Health

How is Invesco QQQ Trust Series 1's financial position?


Financial Position Analysis

Short Term Liabilities: QQQ's short term assets ($6.3B) exceed its short term liabilities ($3.0B).

Long Term Liabilities: QQQ's short term assets ($6.3B) exceed its long term liabilities ($3.2B).


Debt to Equity History and Analysis

Debt Level: QQQ is debt free.

Reducing Debt: QQQ has not had any debt for past 5 years.

Debt Coverage: QQQ has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: QQQ has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Invesco QQQ Trust Series 1 current dividend yield, its reliability and sustainability?

0.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QQQ's dividend (0.47%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: QQQ's dividend (0.47%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: QQQ is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: QQQ is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: QQQ is not paying a notable dividend for the US market.


Future Payout to Shareholders

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

Management

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


CEO

Invesco QQQ Trust Series 1 has no CEO, or we have no data on them.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.2%.


Top Shareholders

Company Information

Invesco QQQ Trust, Series 1's employee growth, exchange listings and data sources


Key Information


Location

  • Invesco QQQ Trust, Series 1
  • 3500 Lacey Road
  • Suite 700
  • Downers Grove
  • Illinois
  • 60515
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:02
End of Day Share Price2021/09/23 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.