NasdaqCM:QBAK

Stock Analysis Report

Executive Summary

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide.

Snowflake

Fundamentals

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

QBAK

2.3%

US Tech

1.8%

US Market


1 Year Return

-19.5%

QBAK

8.1%

US Tech

7.3%

US Market

Return vs Industry: QBAK underperformed the US Tech industry which returned 8.1% over the past year.

Return vs Market: QBAK underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

QBAKIndustryMarket
7 Day-1.5%2.3%1.8%
30 Day-8.7%5.7%-0.7%
90 Day0.6%14.8%0.06%
1 Year-19.5%-19.5%9.9%8.1%9.7%7.3%
3 Year67.5%67.5%100.6%85.1%46.3%36.9%
5 Year-22.7%-22.7%121.4%99.0%64.5%46.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate QBAK's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate QBAK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: QBAK is poor value based on its PE Ratio (20.3x) compared to the Tech industry average (20.1x).

PE vs Market: QBAK is poor value based on its PE Ratio (20.3x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QBAK is overvalued based on its PB Ratio (1.6x) compared to the US Tech industry average (1.7x).


Next Steps

Future Growth

How is Qualstar forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QBAK's forecast earnings growth (12.7% per year) is above the savings rate (2.7%).

Earnings vs Market: QBAK's earnings (12.7% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: QBAK's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if QBAK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if QBAK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if QBAK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Qualstar performed over the past 5 years?

64.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: QBAK has become profitable over the past 5 years, growing earnings by 64.9% per year.

Accelerating Growth: QBAK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: QBAK had negative earnings growth (-65.2%) over the past year, making it difficult to compare to the Tech industry average (64%).


Return on Equity

High ROE: QBAK's Return on Equity (8%) is considered low.


Return on Assets

ROA vs Industry: QBAK has a higher Return on Assets than the Tech industry average last year.


Return on Capital Employed

ROCE Improving: QBAK's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Qualstar's financial position?


Financial Position Analysis

Short Term Liabilities: QBAK's short term assets ($9.6M) exceeds its short term liabilities ($2.9M)

Long Term Liabilities: QBAK's short term assets (9.6M) exceeds its long term liabilities (765.0K)


Debt to Equity History and Analysis

Debt Level: QBAK is debt free.

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

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

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


Balance Sheet

Inventory Level: QBAK has a high level of physical assets or inventory.

Debt Coverage by Assets: QBAK's debt is not covered by short term assets (assets are -8.6370033653708E+16x debt).


Next Steps

Dividend

What is Qualstar's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if QBAK's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

5.3yrs

Average board tenure


CEO

Steven Bronson (54yo)

6.3yrs

Tenure

US$341,516

Compensation

Mr. Steven Nathan Bronson has been the Chairman and Chief Executive Officer of Interlink Electronics, Inc. since July 13, 2010 and its President since March 2011. Mr. Bronson has been Acting Chief Financia ...


CEO Compensation Analysis

Compensation vs. Market: Steven's total compensation ($USD341.52K) is below average for companies of similar size in the US market ($USD491.38K).

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


Board Age and Tenure

5.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: QBAK's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$52,53724 Sep 19
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Shares19,194
Max PriceUS$5.08

Ownership Breakdown


Management Team

  • Steven Bronson (54yo)

    President

    • Tenure: 6.3yrs
    • Compensation: US$341.52k
  • Louann Negrete (59yo)

    Chief Financial Officer

    • Tenure: 5.8yrs
    • Compensation: US$158.63k
  • Randy Johnson (61yo)

    Vice President of Sales - N2Power

    • Tenure: 0yrs
    • Compensation: US$101.15k

Board Members

  • Steven Bronson (54yo)

    President

    • Tenure: 6.3yrs
    • Compensation: US$341.52k
  • Leonard Hagan (67yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$20.00k
  • Nick Yarymovych (55yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$18.00k
  • Dave Wolenski (58yo)

    Independent Chairman

    • Tenure: 5.3yrs
    • Compensation: US$25.50k

Company Information

Qualstar Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Qualstar Corporation
  • Ticker: QBAK
  • Exchange: NasdaqCM
  • Founded: 1984
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$10.796m
  • Shares outstanding: 1.92m
  • Website: https://www.qualstar.com

Number of Employees


Location

  • Qualstar Corporation
  • 130 West Cochran Street
  • Unit C
  • Simi Valley
  • California
  • 93065
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QBAKNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2000
QST1DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2000

Biography

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:41
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.