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Invesco QQQ Trust Series 1

Nasdaq:QQQ
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QQQ
Nasdaq
$70B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Invesco QQQ Trust, Series 1 is an exchange traded fund launched by Invesco Ltd. The last earnings update was 89 days ago. More info.


Add to Portfolio Compare Print
  • Invesco QQQ Trust Series 1 is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
QQQ Share Price and Events
7 Day Returns
1.2%
NasdaqGM:QQQ
3.1%
US Capital Markets
1.6%
US Market
1 Year Returns
7.3%
NasdaqGM:QQQ
-11%
US Capital Markets
3.2%
US Market
QQQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Invesco QQQ Trust Series 1 (QQQ) 1.2% 4.1% 17.6% 7.3% 67% 104.9%
US Capital Markets 3.1% 1% 11.6% -11% 57.3% 58.2%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • QQQ outperformed the Capital Markets industry which returned -11% over the past year.
  • QQQ outperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
QQQ
Industry
5yr Volatility vs Market

QQQ Value

 Is Invesco QQQ Trust Series 1 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 Invesco QQQ Trust Series 1 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Invesco QQQ Trust Series 1.

NasdaqGM:QQQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $132.13 * 17.1%
$22.65
Book Value of Equity per Share Median Book Value from the past 5 years. $132.13
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGM:QQQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (0%))
1.104
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.104 * 5.96%)
9.31%

Discounted Cash Flow Calculation for NasdaqGM:QQQ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Invesco QQQ Trust Series 1 is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:QQQ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.1% – 9.31%) * $132.13)
$10.35
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $10.35 / (9.31% - 2.73%)
$157.20
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $132.13 + $157.20
$289.32
NasdaqGM:QQQ Discount to Share Price
Calculation Result
Value per share (USD) From above. $289.32
Current discount Discount to share price of $179.05
= -1 x ($179.05 - $289.32) / $289.32
38.1%

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

Current Discount
Amount off the current price Invesco QQQ Trust Series 1 is available for.
Intrinsic value
38%
Share price is $179.05 vs Future cash flow value of $289.32
Current Discount Checks
For Invesco QQQ Trust Series 1 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Invesco QQQ Trust Series 1's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Invesco QQQ Trust Series 1's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Invesco QQQ Trust Series 1's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Invesco QQQ Trust Series 1's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:QQQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $38.04
NasdaqGM:QQQ Share Price ** NasdaqGM (2019-03-19) in USD $179.05
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.96x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

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

** Primary Listing of Invesco QQQ Trust Series 1.

NasdaqGM:QQQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:QQQ Share Price ÷ EPS (both in USD)

= 179.05 ÷ 38.04

4.71x

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

  • Invesco QQQ Trust Series 1 is good value based on earnings compared to the US Capital Markets industry average.
  • Invesco QQQ Trust Series 1 is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Invesco QQQ Trust Series 1's expected growth come at a high price?
Raw Data
NasdaqGM:QQQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.21x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Invesco QQQ Trust Series 1, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Invesco QQQ Trust Series 1's assets?
Raw Data
NasdaqGM:QQQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $185.73
NasdaqGM:QQQ Share Price * NasdaqGM (2019-03-19) in USD $179.05
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGM:QQQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:QQQ Share Price ÷ Book Value per Share (both in USD)

= 179.05 ÷ 185.73

0.96x

* Primary Listing of Invesco QQQ Trust Series 1.

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

  • Invesco QQQ Trust Series 1 is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Invesco QQQ Trust Series 1'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Invesco QQQ Trust Series 1 has a total score of 4/6, 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.

QQQ Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Invesco QQQ Trust Series 1 expected to grow at an attractive rate?
  • Unable to compare Invesco QQQ Trust Series 1's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Invesco QQQ Trust Series 1's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Invesco QQQ Trust Series 1's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:QQQ Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGM:QQQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:QQQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 662 15,158
2017-09-30 565 9,803
2016-09-30 520 5,918

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Invesco QQQ Trust Series 1 is high growth as no earnings estimate data is available.
  • Unable to determine if Invesco QQQ Trust Series 1 is high growth as no revenue estimate data is available.
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
NasdaqGM:QQQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Invesco QQQ Trust Series 1 Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:QQQ Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 38.04
2017-09-30 27.34
2016-09-30 17.77

*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.
  • Unable to establish if Invesco QQQ Trust Series 1 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Invesco QQQ Trust Series 1'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Invesco QQQ Trust Series 1 has a total score of 0/6, 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.

QQQ Past Performance

  How has Invesco QQQ Trust Series 1 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 Invesco QQQ Trust Series 1's growth in the last year to its industry (Capital Markets).
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.
  • Invesco QQQ Trust Series 1's year on year earnings growth rate has been positive over the past 5 years.
  • Invesco QQQ Trust Series 1's 1-year earnings growth exceeds its 5-year average (54.6% vs 19.7%)
  • Invesco QQQ Trust Series 1's earnings growth has exceeded the US Capital Markets industry average in the past year (54.6% vs 34.2%).
Earnings and Revenue History
Invesco QQQ Trust Series 1'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 Invesco QQQ Trust Series 1 Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:QQQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 661.82 15,158.49 71.69
2017-09-30 564.85 9,803.42 52.56
2016-09-30 519.61 5,917.65 42.65
2015-09-30 512.92 1,234.42 42.37
2014-09-30 769.96 10,042.31 48.97
2013-09-30 554.15 5,108.68 37.56
2012-09-30 367.12 7,888.09 34.31

*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.
  • Invesco QQQ Trust Series 1 has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Invesco QQQ Trust Series 1 used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Invesco QQQ Trust Series 1's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Invesco QQQ Trust Series 1'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 Capital Markets 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.
Invesco QQQ Trust Series 1 has a total score of 5/6, 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.

QQQ Health

 How is Invesco QQQ Trust Series 1'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 Invesco QQQ Trust Series 1's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Invesco QQQ Trust Series 1 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Invesco QQQ Trust Series 1's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Invesco QQQ Trust Series 1'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.
  • Invesco QQQ Trust Series 1 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 Invesco QQQ Trust Series 1 Company Filings, last reported 5 months ago.

NasdaqGM:QQQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 74,002.28 0.00 190.03
2017-09-30 52,177.63 0.00 146.12
2016-09-30 39,535.82 0.00 126.10
2015-09-30 36,823.11 0.00 131.43
2014-09-30 42,057.80 0.00 132.08
2013-09-30 38,250.93 0.00 148.68
2012-09-30 34,629.13 0.00 112.70
  • Invesco QQQ Trust Series 1 has no debt.
  • Invesco QQQ Trust Series 1 has not taken on any debt in the past 5 years.
  • Invesco QQQ Trust Series 1 has no debt, it does not need to be covered by operating cash flow.
  • Invesco QQQ Trust Series 1 has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Invesco QQQ Trust Series 1'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. Invesco QQQ Trust Series 1 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.

QQQ Dividends

 What is Invesco QQQ Trust Series 1'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
0.73%
Current annual income from Invesco QQQ Trust Series 1 dividends.
If you bought $2,000 of Invesco QQQ Trust Series 1 shares you are expected to receive $15 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?
  • Invesco QQQ Trust Series 1's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Invesco QQQ Trust Series 1's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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
NasdaqGM:QQQ 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 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGM:QQQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-21 1.310 0.790
2018-01-03 1.330 0.781
2016-12-29 1.240 0.888
2016-01-06 1.150 1.036
2015-01-15 1.340 1.237
2014-01-17 0.990 1.049
2013-02-05 0.620 0.820
2013-01-28 0.620 0.924
2012-01-20 0.410 0.629
2010-12-30 0.330 0.586
2010-01-15 0.180 0.378
2009-03-23 0.150 0.388

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

  • Invesco QQQ Trust Series 1 is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Invesco QQQ Trust Series 1 is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Invesco QQQ Trust Series 1's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Invesco QQQ Trust Series 1's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Invesco QQQ Trust Series 1's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Invesco QQQ Trust Series 1 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Invesco QQQ Trust Series 1 has a total score of 0/6, see the detailed checks below.


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

QQQ Management

 What is the CEO of Invesco QQQ Trust Series 1'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
John Jacobs
AGE 59
CEO Bio

Mr. John L. Jacobs served as Strategic Advisor at Nasdaq Inc., since January 2, 2015 until January 2016. Mr. Jacobs served as an Executive Vice President of Global Information Services Group of Nasdaq OMX Group Inc. since January 2013 until January 2, 2015. Mr. Jacobs served as Executive Vice President of Global Index Group & Global Marketing Group at Nasdaq OMX Group Inc. until January 29, 2013 and served as its Chief Marketing Officer from July 2003 to January 29, 2013. Mr. Jacobs served as an Executive Vice President of World Wide Marketing and Financial Products at Nasdaq OMX Group Inc. since March 2008. Mr. Jacobs served as an Executive Vice President of Nasdaq Financial Products of Nasdaq Stock Market, Inc. since July 2002 and oversaw its Financial Products business and various marketing activities. He serves as Chief Executive Officer of Nasdaq Financial Products, Inc. and Nasdaq Financial Products Services, Inc. Prior to his current position, Mr. Jacobs served as Senior Vice President of Worldwide Marketing and Financial Products from January 26, 2000 to July 2002 and as Vice President of Investor Services and Worldwide Marketing from January 1997 to January 2000. He joined Nasdaq in 1983. He serves as Chairman and Director of Nasdaq Financial Product Services Ireland Limited. Mr. Jacobs serves as a Director of Nasdaq Financial Products Services Inc., a Sponsor of PowerShares QQQ Trust, Series 1 (formerly, The NASDAQ-100 Trust, Series 1). He serves as an Independent Trustee of Recon Capital Partners, LLC. He has taught Investment Banking and other graduate courses in the MBA programs at both Johns Hopkins University and Georgetown University. Mr. Jacobs earned his BS in accounting from the University of Maryland, is a certified public accountant (CPA), and holds an MBA from Loyola.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

John Jacobs

TITLE
CEO & Director of Nasdaq Financial Products Svcs - Sponsor
AGE
59
Board of Directors

Dave Warren

TITLE
Chairman of Nasdaq Financial Products Services - Sponsor
AGE
63

John Jacobs

TITLE
CEO & Director of Nasdaq Financial Products Svcs - Sponsor
AGE
59
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 Invesco QQQ Trust Series 1'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. Invesco QQQ Trust Series 1 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.

QQQ News

Simply Wall St News

Should You Buy PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) At This PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for QQQ Price per share = $166.34 Earnings per share = $27.342 ∴ Price-Earnings Ratio = $166.34 ÷ $27.342 = 6.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … QQQ’s P/E of 6.1x is lower than its industry peers (17.7x), which implies that each dollar of QQQ’s earnings is being undervalued by investors.

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Want To Invest In PowerShares QQQ Trust Series 1 (NASDAQ:QQQ)? Here's How It Performed Lately

In this article, I will take a look at PowerShares QQQ Trust Series 1's (NASDAQ:QQQ) most recent earnings update (30 September 2017) and compare these latest figures against its performance over the past few years, along with how the rest of QQQ's industry performed. … View our latest analysis for PowerShares QQQ Trust Series 1 Did QQQ's recent earnings growth beat the long-term trend and the industry? … For PowerShares QQQ Trust Series 1, its most recent trailing-twelve-month earnings is $9,803.4M, which, relative to last year’s level, has risen by an impressive 65.66%.

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Did PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) Create Value For Shareholders?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of PowerShares QQQ Trust Series 1’s equity capital deployed. … Currently, PowerShares QQQ Trust Series 1 has no debt which means its returns are driven purely by equity capital. … PowerShares QQQ Trust Series 1’s ROE is impressive relative to the industry average and also covers its cost of equity.

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Should You Have PowerShares QQQ Trust Series 1's (QQQ) In Your Portfolio?

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … PowerShares QQQ Trust Series 1 has a beta of 1.11, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

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Interested In Financials? Why PowerShares QQQ Trust Series 1 (QQQ) May Be The Entry Point

NasdaqGM:QQQ PE PEG Gauge Nov 7th 17 The capital markets industry is trading at a PE ratio of 18x, in-line with the US stock market PE of 22x. … On the stock-level, QQQ is trading at a lower PE ratio of 9x, making it cheaper than the average capital markets stock. … But before you make the decision to buy, I recommend you also look at other important fundamentals such as the health of the company, and see whether there is a significant reason why the stock may be trading at a discount in the capital markets sector.

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QQQ Company Info

Description

Invesco QQQ Trust, Series 1 is an exchange traded fund launched by Invesco Ltd. The fund is managed by Invesco Capital Management LLC. It invests in public equity markets of global region. It invests in stocks of companies operating across energy, real estate, materials, industrials, consumer discretionary, consumer staples, health care, information technology, communication services, utilities sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the NASDAQ-100 Index, by using full replication technique. Invesco QQQ Trust, Series 1 was formed on March 10, 1999 and is domiciled in the United States.

Details
Name: Invesco QQQ Trust, Series 1
QQQ
Exchange: NasdaqGM
Founded: 1999
$70,483,032,500
393,650,000
Website: http://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=QQQ
Address: Invesco QQQ Trust, Series 1
3500 Lacey Road,
Suite 700,
Downers Grove,
Illinois, 60515,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM QQQ Trust Units Nasdaq Global Market US USD 10. Mar 1999
DUSE NDQ Trust Units Dusseldorf Stock Exchange DE EUR 10. Mar 1999
LSE 0YIK Trust Units London Stock Exchange GB USD 10. Mar 1999
BMV QQQ * Trust Units Bolsa Mexicana de Valores MX MXN 10. Mar 1999
BVL QQQ Trust Units Bolsa de Valores de Lima PE USD 10. Mar 1999
Number of employees
Current staff
Staff numbers
0
Invesco QQQ Trust Series 1 employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:05
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/12/21
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


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.