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IONQ

IonQ NYSE:IONQ Stock Report

Last Price

US$4.39

Market Cap

US$869.8m

7D

-14.1%

1Y

-58.1%

Updated

03 Jul, 2022

Data

Company Financials +
IONQ fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

IONQ Stock Overview

IonQ, Inc. engages in the development of general-purpose quantum computing systems.

IonQ Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IonQ
Historical stock prices
Current Share PriceUS$4.39
52 Week HighUS$35.90
52 Week LowUS$4.16
Beta0
1 Month Change-20.62%
3 Month Change-67.67%
1 Year Change-58.11%
3 Year Changen/a
5 Year Changen/a
Change since IPO-59.35%

Recent News & Updates

Jun 20

IonQ Is Building The Future Of Computing And Is Only $5/Share, Is It Enough?

IonQ stock has had a terrible year, declining over 71% as of the market close June 17, 2022. The company is pursuing development of practical quantum computing hardware systems, which could revolutionize any number of fields, from pharmaceuticals to finance. IonQ’s trapped-ion technology may have certain advantages over competing approaches. As it is still unknown whether practical quantum computing is even possible, this report considers if investors should consider IonQ with shares trading just over $5.

Shareholder Returns

IONQUS TechUS Market
7D-14.1%-2.1%-2.2%
1Y-58.1%-2.1%-21.2%

Return vs Industry: IONQ underperformed the US Tech industry which returned -2.1% over the past year.

Return vs Market: IONQ underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is IONQ's price volatile compared to industry and market?
IONQ volatility
IONQ Average Weekly Movement14.5%
Tech Industry Average Movement9.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: IONQ is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: IONQ's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201597Peter Chapmanhttps://www.ionq.com

IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services’ (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service.

IonQ Fundamentals Summary

How do IonQ's earnings and revenue compare to its market cap?
IONQ fundamental statistics
Market CapUS$869.84m
Earnings (TTM)-US$103.08m
Revenue (TTM)US$3.93m

221.6x

P/S Ratio

-8.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IONQ income statement (TTM)
RevenueUS$3.93m
Cost of RevenueUS$1.38m
Gross ProfitUS$2.55m
Other ExpensesUS$105.62m
Earnings-US$103.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.52
Gross Margin64.81%
Net Profit Margin-2,624.85%
Debt/Equity Ratio0%

How did IONQ perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IONQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IONQ?

Other financial metrics that can be useful for relative valuation.

IONQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue116.7x
Enterprise Value/EBITDA-9.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does IONQ's PB Ratio compare to its peers?

IONQ PB Ratio vs Peers
The above table shows the PB ratio for IONQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.4x
NNDM Nano Dimension
0.6xn/aUS$797.9m
SSYS Stratasys
1.3x51.6%US$1.2b
DDD 3D Systems
1.5x-54.5%US$1.3b
CRSR Corsair Gaming
2.2x40.0%US$1.3b
IONQ IonQ
1.5x2.6%US$869.8m

Price-To-Book vs Peers: IONQ is expensive based on its Price-To-Book Ratio (1.5x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does IONQ's PE Ratio compare vs other companies in the US Tech Industry?

Price-To-Book vs Industry: IONQ is expensive based on its Price-To-Book Ratio (1.5x) compared to the US Tech industry average (1.1x)


Price to Book Ratio vs Fair Ratio

What is IONQ's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IONQ PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate IONQ's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IONQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IONQ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IONQ's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is IonQ forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IONQ is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: IONQ is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: IONQ is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: IONQ's revenue (58.8% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: IONQ's revenue (58.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IONQ is forecast to be unprofitable in 3 years.


Discover growth companies

Past Performance

How has IonQ performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-428.7%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: IONQ is currently unprofitable.

Growing Profit Margin: IONQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if IONQ's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare IONQ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IONQ is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (67.6%).


Return on Equity

High ROE: IONQ has a negative Return on Equity (-17.48%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is IonQ's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IONQ's short term assets ($422.3M) exceed its short term liabilities ($11.4M).

Long Term Liabilities: IONQ's short term assets ($422.3M) exceed its long term liabilities ($26.3M).


Debt to Equity History and Analysis

Debt Level: IONQ is debt free.

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


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: IONQ has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: IONQ has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 48.1% each year


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Dividend

What is IonQ current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate IONQ'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 IONQ's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IONQ has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Peter Chapman (60 yo)

0.83

Tenure

US$364,500

Compensation

Mr. Peter Chapman is President, Chief Executive Officer & Director of IonQ, Inc. from September 2021. From September 2014 to May 2019, Mr. Chapman served as a director of engineering for Amazon Prime at Am...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD364.50K) is below average for companies of similar size in the US market ($USD4.03M).

Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: IONQ's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: IONQ's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

IonQ, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: IonQ, Inc.
  • Ticker: IONQ
  • Exchange: NYSE
  • Founded: 2015
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: US$869.837m
  • Shares outstanding: 198.14m
  • Website: https://www.ionq.com

Number of Employees


Location

  • IonQ, Inc.
  • 4505 Campus Drive
  • College Park
  • Maryland
  • 20740
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.