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Market Cap

US$5.1b

Last Updated

2021/04/14 23:15 UTC

Data Sources

Company Financials +

Executive Summary

Qurate Retail, Inc., together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. More Details


Snowflake Analysis

Undervalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Qurate Retail's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QRTE.B is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: QRTE.B's weekly volatility has decreased from 27% to 8% over the past year.


Market Performance


7 Day Return

-0.1%

QRTE.B

3.5%

US Online Retail

1.3%

US Market


1 Year Return

74.9%

QRTE.B

50.9%

US Online Retail

53.9%

US Market

Return vs Industry: QRTE.B exceeded the US Online Retail industry which returned 50.9% over the past year.

Return vs Market: QRTE.B exceeded the US Market which returned 53.9% over the past year.


Shareholder returns

QRTE.BIndustryMarket
7 Day-0.1%3.5%1.3%
30 Day-1.6%4.5%2.8%
90 Day1.7%1.6%6.6%
1 Year247.2%74.9%51.1%50.9%56.6%53.9%
3 Yearn/a90.7%90.6%62.7%52.3%
5 Yearn/a312.5%311.9%120.5%95.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Qurate Retail undervalued compared to its fair value and its price relative to the market?

47.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QRTE.B ($12.69) is trading below our estimate of fair value ($24.76)

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


Price To Earnings Ratio

PE vs Industry: QRTE.B is good value based on its PE Ratio (4.1x) compared to the US Online Retail industry average (33.7x).

PE vs Market: QRTE.B is good value based on its PE Ratio (4.1x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: QRTE.B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: QRTE.B is good value based on its PB Ratio (1.4x) compared to the US Online Retail industry average (5.7x).


Future Growth

How is Qurate Retail forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QRTE.B's earnings are forecast to decline over the next 3 years (-9.3% per year).

Earnings vs Market: QRTE.B's earnings are forecast to decline over the next 3 years (-9.3% per year).

High Growth Earnings: QRTE.B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: QRTE.B's revenue (1.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: QRTE.B's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QRTE.B's Return on Equity is forecast to be low in 3 years time (16.5%).


Past Performance

How has Qurate Retail performed over the past 5 years?

-0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QRTE.B has a large one-off gain of $183.0M impacting its December 31 2020 financial results.

Growing Profit Margin: QRTE.B became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: QRTE.B's earnings have declined by 0.8% per year over the past 5 years.

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

Earnings vs Industry: QRTE.B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Online Retail industry (66.3%).


Return on Equity

High ROE: Whilst QRTE.B's Return on Equity (33.81%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Qurate Retail's financial position?


Financial Position Analysis

Short Term Liabilities: QRTE.B's short term assets ($4.6B) do not cover its short term liabilities ($4.7B).

Long Term Liabilities: QRTE.B's short term assets ($4.6B) do not cover its long term liabilities ($8.6B).


Debt to Equity History and Analysis

Debt Level: QRTE.B's debt to equity ratio (219.3%) is considered high.

Reducing Debt: QRTE.B's debt to equity ratio has increased from 126.8% to 219.3% over the past 5 years.

Debt Coverage: QRTE.B's debt is well covered by operating cash flow (30%).

Interest Coverage: QRTE.B's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Dividend

What is Qurate Retail current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if QRTE.B'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 QRTE.B's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Mike George (59 yo)

3.08yrs

Tenure

US$4,697,971

Compensation

Mr. Michael A. George, also known as Mike, has been the President and Chief Executive Officer of Liberty Interactive (now Qurate Retail, Inc) since April, 2018. He also serves as the President & CEO at Qur...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD4.70M) is about average for companies of similar size in the US market ($USD6.39M).

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


Leadership Team

Experienced Management: QRTE.B's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: QRTE.B's board of directors are considered experienced (9.6 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Qurate Retail, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Qurate Retail, Inc.
  • Ticker: QRTE.B
  • Exchange: NasdaqGS
  • Founded: 1991
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$5.072b
  • Shares outstanding: 410.41m
  • Website: https://www.qurateretail.com

Number of Employees


Location

  • Qurate Retail, Inc.
  • 12300 Liberty Boulevard
  • Englewood
  • Colorado
  • 80112
  • United States

Listings


Biography

Qurate Retail, Inc., together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primaril...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/14 23:15
End of Day Share Price2021/04/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.