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Qualys

Nasdaq:QLYS
Snowflake Description

Flawless balance sheet with solid track record.

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

Qualys, Inc. provides cloud-based security and compliance solutions in the United States and internationally. The last earnings update was 46 days ago. More info.


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QLYS Share Price and Events
7 Day Returns
-0.5%
NasdaqGS:QLYS
-0.5%
US Software
0.3%
US Market
1 Year Returns
-11%
NasdaqGS:QLYS
20.8%
US Software
0.7%
US Market
QLYS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Qualys (QLYS) -0.5% -2.6% 1.3% -11% 171.6% 246.4%
US Software -0.5% -0% 5.1% 20.8% 122.2% 149.6%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • QLYS underperformed the Software industry which returned 20.8% over the past year.
  • QLYS underperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
QLYS
Industry
5yr Volatility vs Market

Value

 Is Qualys 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 Qualys 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Qualys.

NasdaqGS:QLYS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
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 NasdaqGS:QLYS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.136 (1 + (1- 21%) (1.24%))
1.099
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% + (1.099 * 5.96%)
9.28%

Discounted Cash Flow Calculation for NasdaqGS:QLYS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Qualys is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:QLYS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.28%)
2019 112.96 Analyst x9 103.37
2020 131.71 Analyst x10 110.29
2021 164.80 Analyst x2 126.29
2022 211.80 Analyst x1 148.52
2023 256.00 Analyst x1 164.28
2024 291.98 Est @ 14.06% 171.46
2025 323.10 Est @ 10.66% 173.62
2026 349.85 Est @ 8.28% 172.04
2027 373.00 Est @ 6.61% 167.84
2028 393.32 Est @ 5.45% 161.96
Present value of next 10 years cash flows $1,499.67
NasdaqGS:QLYS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $393.32 × (1 + 2.73%) ÷ (9.28% – 2.73%)
$6,170.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,170.60 ÷ (1 + 9.28%)10
$2,540.94
NasdaqGS:QLYS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,499.67 + $2,540.94
$4,040.62
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,040.62 / 39.16
$103.19
NasdaqGS:QLYS Discount to Share Price
Calculation Result
Value per share (USD) From above. $103.19
Current discount Discount to share price of $85.66
= -1 x ($85.66 - $103.19) / $103.19
17%

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

Current Discount
Amount off the current price Qualys is available for.
Intrinsic value
17%
Share price is $85.66 vs Future cash flow value of $103.19
Current Discount Checks
For Qualys to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Qualys's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Qualys'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 Qualys's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Qualys's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:QLYS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.58
NasdaqGS:QLYS Share Price ** NasdaqGS (2019-06-17) in USD $85.66
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 50.61x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

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

** Primary Listing of Qualys.

NasdaqGS:QLYS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:QLYS Share Price ÷ EPS (both in USD)

= 85.66 ÷ 1.58

54.32x

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

  • Qualys is overvalued based on earnings compared to the US Software industry average.
  • Qualys is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Qualys's expected growth come at a high price?
Raw Data
NasdaqGS:QLYS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 54.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
3.2%per year
United States of America Software Industry PEG Ratio Median Figure of 67 Publicly-Listed Software Companies 3.02x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:QLYS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 54.32x ÷ 3.2%

16.81x

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

  • Qualys is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Qualys's assets?
Raw Data
NasdaqGS:QLYS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.54
NasdaqGS:QLYS Share Price * NasdaqGS (2019-06-17) in USD $85.66
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.75x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGS:QLYS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:QLYS Share Price ÷ Book Value per Share (both in USD)

= 85.66 ÷ 9.54

8.98x

* Primary Listing of Qualys.

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

  • Qualys is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess Qualys'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Qualys has a total score of 0/6, 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.

Future Performance

 How is Qualys expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

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
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Qualys expected to grow at an attractive rate?
  • Qualys's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Qualys's earnings growth is positive but not above the United States of America market average.
  • Qualys's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:QLYS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:QLYS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 3.2%
NasdaqGS:QLYS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 16%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGS:QLYS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:QLYS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 649 315 1
2022-12-31 525 262 2
2021-12-31 445 208 3
2020-12-31 375 166 60 15
2019-12-31 322 144 50 14
NasdaqGS:QLYS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 289 127 61
2018-12-31 279 125 57
2018-09-30 268 125 46
2018-06-30 255 126 31
2018-03-31 243 118 28
2017-12-31 231 108 40
2017-09-30 220 95 43
2017-06-30 212 83 40
2017-03-31 205 83 36
2016-12-31 198 69 19
2016-09-30 190 79 19
2016-06-30 182 75 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Qualys's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • Qualys's revenue is expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
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
NasdaqGS:QLYS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Qualys Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:QLYS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.36 3.36 3.36 1.00
2022-12-31 2.77 2.77 2.77 1.00
2021-12-31 2.24 2.24 2.24 1.00
2020-12-31 1.42 1.74 1.25 3.00
2019-12-31 1.17 1.43 1.03 3.00
NasdaqGS:QLYS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.58
2018-12-31 1.47
2018-09-30 1.18
2018-06-30 0.80
2018-03-31 0.73
2017-12-31 1.08
2017-09-30 1.18
2017-06-30 1.10
2017-03-31 1.02
2016-12-31 0.55
2016-09-30 0.54
2016-06-30 0.52

*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.
  • Qualys is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Qualys'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.
Qualys has a total score of 3/6, 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.

Past Performance

  How has Qualys 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 Qualys's growth in the last year to its industry (Software).
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.
  • Qualys has delivered over 20% year on year earnings growth in the past 5 years.
  • Qualys's 1-year earnings growth exceeds its 5-year average (122.1% vs 27.5%)
  • Qualys's earnings growth has exceeded the US Software industry average in the past year (122.1% vs 32.2%).
Earnings and Revenue History
Qualys'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 Qualys Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:QLYS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 289.35 61.43 108.82 56.54
2018-12-31 278.89 57.30 109.09 53.26
2018-09-30 267.60 45.76 105.83 49.76
2018-06-30 255.44 30.74 106.24 48.15
2018-03-31 242.59 27.65 103.86 45.55
2017-12-31 230.83 40.44 99.19 42.82
2017-09-30 220.14 43.49 93.59 40.48
2017-06-30 211.63 40.04 91.07 39.34
2017-03-31 204.80 36.37 89.74 38.31
2016-12-31 197.93 19.22 88.10 36.59
2016-09-30 190.15 18.74 85.99 34.89
2016-06-30 181.63 17.87 82.76 32.69
2016-03-31 173.04 17.65 79.67 30.41
2015-12-31 164.28 15.87 74.71 30.44
2015-09-30 156.41 36.35 73.75 28.93
2015-06-30 148.29 35.34 71.42 27.86
2015-03-31 140.72 33.68 69.14 27.07
2014-12-31 133.58 30.24 69.05 26.32
2014-09-30 126.05 4.29 67.57 25.24
2014-06-30 119.45 2.50 65.33 23.91
2014-03-31 113.44 1.71 62.62 22.79
2013-12-31 107.96 1.54 59.32 21.68
2013-09-30 103.58 2.39 56.14 20.61
2013-06-30 99.21 1.91 53.41 20.53
2013-03-31 95.11 0.76 51.82 20.39
2012-12-31 91.42 1.05 49.82 20.20
2012-09-30 87.42 0.12 48.26 20.28
2012-06-30 83.41 -0.60 46.54 20.12

*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.
  • Qualys has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Qualys used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • Qualys has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Qualys'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 Software 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.
Qualys 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.

Health

 How is Qualys'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 Qualys's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Qualys is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Qualys's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Qualys'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.
  • Debt is covered by short term assets, assets are 294x debt.
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 Qualys Company Filings, last reported 2 months ago.

NasdaqGS:QLYS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 373.40 41.65 298.14
2018-12-31 357.99 1.57 289.17
2018-09-30 374.14 0.00 326.51
2018-06-30 365.24 0.00 322.52
2018-03-31 366.32 0.00 328.53
2017-12-31 343.54 0.00 288.41
2017-09-30 327.64 0.00 302.73
2017-06-30 306.06 0.00 278.86
2017-03-31 284.47 0.00 244.78
2016-12-31 258.41 0.00 243.86
2016-09-30 241.39 0.00 209.98
2016-06-30 227.44 0.00 214.38
2016-03-31 210.50 0.00 205.71
2015-12-31 195.57 0.00 178.97
2015-09-30 181.90 0.00 174.15
2015-06-30 172.17 0.00 158.11
2015-03-31 162.27 0.00 142.95
2014-12-31 151.83 0.00 127.22
2014-09-30 119.69 0.00 113.42
2014-06-30 112.12 0.27 109.35
2014-03-31 106.13 0.54 105.61
2013-12-31 103.12 0.81 97.20
2013-09-30 100.50 1.07 100.87
2013-06-30 96.24 1.34 106.38
2013-03-31 92.74 1.66 92.65
2012-12-31 91.56 1.99 118.43
2012-09-30 4.87 2.63 25.80
2012-06-30 1.62 3.13 28.46
  • Qualys's level of debt (0.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.5% vs 0.3% today).
  • Debt is well covered by operating cash flow (9748%, greater than 20% of total debt).
  • Qualys earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Qualys'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. Qualys 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.

Dividends

 What is Qualys'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%
Current annual income from Qualys dividends.
If you bought $2,000 of Qualys shares you are expected to receive $0 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?
  • Unable to evaluate Qualys's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Qualys's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGS:QLYS 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 15 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:QLYS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Qualys has not reported any payouts.
  • Unable to verify if Qualys's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Qualys's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Qualys has not reported any payouts.
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 Qualys'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 Qualys afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Qualys 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.

Management

 What is the CEO of Qualys'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
Philippe Courtot
COMPENSATION $9,096,098
AGE 73
TENURE AS CEO 18.3 years
CEO Bio

Mr. Philippe F. Courtot has been the Chairman and Chief Executive Officer of Qualys, Inc. since March 2001 and has been its President since May 2014. Mr. Courtot has repeatedly demonstrated his talent for transforming small, innovative companies into industry leaders. He was a Strategic Advisor at Trident Capital Cybersecurity. He served as the President at Qualys, Inc. He served as Chief Executive Officer of Signio. Prior to Signio, he served as President and Chief Executive Officer of Verity. He reengineered Verity into the leader in enterprise knowledge retrievals solutions and directed Verity 's initial public offering in 1995. He also turned an unknown company of 12 people, cc:Mail, into the dominant e-mail platform provider, achieving a 40% market share while competing directly against IBM and Microsoft and successfully sold Verity to Lotus in 1991. He serves as a Director of Qualys Inc., LSF Network, Inc. and TechAmerica Inc. He served as an Advisor of The 41st Parameter Inc. In 2002, he was elected to serve on the Board of Trustees for The Internet Society (ISOC), an international non-profit that serves as the focal point for global cooperation and coordination on the development of the Internet. He served as a Director of AirPrism Inc. He also served as the Chairman of Signio. In 1977, as Chief Executive Officer of Thomson CGR Medical, he received the Benjamin Franklin award for his role in the creation of a nationwide advertising campaign promoting the life-saving benefits of mammography. Mr. Courtot holds a Masters degree in Physics from the University of Paris.

CEO Compensation
  • Philippe's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Philippe's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Qualys management team in years:

5
Average Tenure
45
Average Age
  • The average tenure for the Qualys management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Philippe Courtot

TITLE
Chairman
COMPENSATION
$9M
AGE
73
TENURE
18.3 yrs

Melissa Fisher

TITLE
CFO & Principal Accounting Officer
COMPENSATION
$4M
AGE
45
TENURE
3.2 yrs

Bruce Posey

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$3M
AGE
66
TENURE
7.1 yrs

Sumedh Thakar

TITLE
Chief Product Officer
COMPENSATION
$6M
AGE
42
TENURE
5 yrs

Nicolas Chaillan

TITLE
Federal Chief Technology Officer
AGE
34
TENURE
1.3 yrs

Vinayak Rao

TITLE
VP of Corporate Development & Investor Relations

Rima Touma-Bruno

TITLE
Chief Human Resource Officer
Board of Directors Tenure

Average tenure and age of the Qualys board of directors in years:

10.1
Average Tenure
59
Average Age
  • The average tenure for the Qualys board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Philippe Courtot

TITLE
Chairman
COMPENSATION
$9M
AGE
73
TENURE
18.3 yrs

Sandra Bergeron

TITLE
Lead Independent Director
COMPENSATION
$308K
AGE
59

Peter Pace

TITLE
Director
COMPENSATION
$296K
AGE
72
TENURE
10.1 yrs

Jeff Hank

TITLE
Director
COMPENSATION
$301K
AGE
58
TENURE
9.4 yrs

Emir Arslanagic

TITLE
Member of Technical Advisory Board

Becky Bace

TITLE
Member of Technical Advisory Board

Arn Schaeffer

TITLE
Member of Technical Advisory Board
AGE
52

David Mortman

TITLE
Member of Technical Advisory Board

Matthew Pemble

TITLE
Member of Technical Advisory Board

Mike Schiffman

TITLE
Member of Technical Advisory Board
Who owns this company?
Recent Insider Trading
  • Qualys insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Jun 19 Sell Kristi Rogers Individual 06. Jun 19 06. Jun 19 -4,982 $85.83 $-420,807
X
Management checks
We assess Qualys'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. Qualys 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.

News

Simply Wall St News

Qualys (NASDAQ:QLYS) Shareholders Have Enjoyed An Impressive 231% Share Price Gain

But on a lighter note, a good company can see its share price rise well over 100%. … See our latest analysis for Qualys In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

Is Qualys, Inc.'s (NASDAQ:QLYS) ROE Of 16% Impressive?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Qualys: 16% = US$61m ÷ US$373m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … In my book the highest quality companies have high return on equity, despite low debt. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Estimating The Intrinsic Value Of Qualys, Inc. (NASDAQ:QLYS)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $113.27 $131.28 $164.80 $211.80 $256.00 $291.98 $323.10 $349.85 $373.00 $393.32 Growth Rate Estimate Source Analyst x10 Analyst x11 Analyst x2 Analyst x1 Analyst x1 Est @ 14.06% Est @ 10.66% Est @ 8.28% Est @ 6.61% Est @ 5.45% Present Value ($, Millions) Discounted @ 9.35% $103.59 $109.80 $126.05 $148.16 $163.77 $170.83 $172.88 $171.19 $166.92 $160.97 Present Value of 10-year Cash Flow (PVCF)= $1.49b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$393m × (1 + 2.7%) ÷ (9.3% – 2.7%) = US$6.1b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$6.1b ÷ ( 1 + 9.3%)10 = $2.50b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $3.99b. … NasdaqGS:QLYS Intrinsic value, May 27th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Does Qualys, Inc. (NASDAQ:QLYS) Have A Volatile Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … The fact that this is well above 1 indicates that its share price movements have shown sensitivity to overall market volatility. … What this means for you: Since Qualys has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

What You Must Know About Qualys, Inc.'s (NASDAQ:QLYS) Financial Health

Help shape the future of investing tools and you could win a $250 gift card! … Today we will look at QLYS’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

Here's What Qualys, Inc.'s (NASDAQ:QLYS) P/E Is Telling Us

We'll show how you can use Qualys, Inc.'s (NASDAQ:QLYS) P/E ratio to inform your assessment of the investment opportunity. … Qualys has a price to earnings ratio of 59.26, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Qualys (NASDAQ:QLYS) Deserve A Spot On Your Watchlist?

So if you're like me, you might be more interested in profitable, growing companies, like Qualys (NASDAQ:QLYS). … One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. … You can take a look at the company's revenue and earnings growth trend, in the chart below.

Simply Wall St -

Should You Be Worried About Insider Transactions At Qualys, Inc. (NASDAQ:QLYS)?

Qualys Insider Transactions Over The Last Year. … The Director, Peter Pace, made the biggest insider sale in the last 12 months. … As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation.

Simply Wall St -

Qualys, Inc. (NASDAQ:QLYS) Earns Among The Best Returns In Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Much Money Does Qualys, Inc. (NASDAQ:QLYS) Make?

I’ve analysed below, the health and outlook of Qualys’s cash flow, which will help you understand the stock from a cash standpoint. … Qualys’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Qualys’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Company Info

Description

Qualys, Inc. provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall. Its integrated suite of security and compliance solutions delivered on its Qualys Cloud Platform enables customers to identify IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions, and verify the implementation of such actions. The company also provides core services, including asset tagging and management, reporting and dashboards, questionnaires and collaboration, remediation and workflow, big data correlation and analytics engine, and alerts and notifications, which enable integrated workflows, management and real-time analysis, and reporting across IT security and compliance solutions. The company markets and sells its IT security and compliance solutions to customers directly through its sales teams, as well as indirectly through its network of channel partners, such as security consulting organizations, managed service providers and resellers, and consulting firms. It serves enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities. The company was founded in 1999 and is headquartered in Foster City, California.

Details
Name: Qualys, Inc.
QLYS
Exchange: NasdaqGS
Founded: 1999
$3,354,282,503
39,158,096
Website: http://www.qualys.com
Address: Qualys, Inc.
919 East Hillsdale Boulevard,
4th Floor,
Foster City,
California, 94404,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS QLYS Common Stock Nasdaq Global Select US USD 28. Sep 2012
DB 3L7A Common Stock Deutsche Boerse AG DE EUR 28. Sep 2012
Number of employees
Current staff
Staff numbers
1,210
Qualys employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 00:42
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.