QinetiQ Group (QQ.)

Sector:

Defense and Aeronautics

Index:

FTSE 250

367.00p
   
  • Change Today:
    -0.40p
  • 52 Week High: 379.80p
  • 52 Week Low: 292.80p
  • Currency: UK Pounds
  • Shares Issued: 570.61m
  • Volume: 158,479
  • Market Cap: £2,094.13m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.2
Dividend Yield 2.4% 2.4% 3.6% 0.7% 2.2%
           
Continuing Operations          
PE Ratio - Adjusted 12.3 14.8 14.3 16.1 15.3
PE Ratio - Diluted 12.3
13.8		 19.6
16.4		 15.0
16.3		 17.3
16.2		 15.1
16.0
PEG - Adjusted 0.4 n/a 1.4 8.1 0.5
PEG - Diluted 0.2
0.5		 n/a
n/a		 1.2
n/a		 n/a
3.2		 1.9
8.0
Return on Capital Employed 27.07%
25.92%		 13.18%
14.27%		 0.20%
0.20%		 17.33%
19.63%		 4.63%
4.83%
Operating Margin 11.94%
11.43%		 9.30%
10.07%		 10.75%
10.74%		 10.96%
12.41%		 12.72%
13.28%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.3 14.8 1,416.5 16.1 61.2
PE Ratio - Diluted 12.3
13.8		 19.6
16.4		 1,483.7
1,618.1		 17.3
16.2		 60.3
63.9
PEG - Adjusted 0.4 0.0 n/a 0.1 n/a
PEG - Diluted 0.2
0.5		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Gearing 21.75% (22.18%) n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Price/Book Value 8.6 2.3 3.0 3.2 3.1
Price/Tangible Book Value 8.6 2.3 3.0 3.2 3.2
Price/ Cash Flow 9.1 9.2 10.1 11.7 13.8
Price/Revenue 1.18 1.32 139.53 1.70 7.49
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 37.56p 131.14p 106.42p 100.07p 95.74p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 1,580.70 1,320.40 12.90 1,072.90 227.62
EBITDA 263.30
255.30		 186.80
196.90		 2.00
2.00		 117.60
133.20		 40.17
41.45
Depreciation (74.60)
(74.60)		 (64.00)
(64.00)		 (0.62)
(0.62)		 n/a
n/a		 (11.22)
(11.22)
Net Interest 3.30
(6.60)		 3.10
(1.40)		 0.05
(0.02)		 5.50
(1.00)		 1.82
(0.22)
Profit Before Tax 192.00
174.10		 125.90
131.50		 1.44
1.37		 123.10
132.20		 30.78
30.00
           
Revenue per Share 274.48p 230.36p 2.27p 189.22p 40.22p
Pre-Tax Profit per Share 33.34p
30.23p		 21.96p
22.94p		 0.25p
0.24p		 21.71p
23.32p		 5.44p
5.30p
Market Capitalisation £ (Millions) 1,879.80 1,761.74 1,814.65 1,849.11 1,710.70
Enterprise Value (EV) £ (Millions) 2,231.90 1,776.94 1,813.05 1,842.21 1,708.30
EBITDA/EV 11.80%
11.44%		 10.51%
11.08%		 0.11%
0.11%		 6.38%
7.23%		 2.35%
2.43%
Operating Margin 11.94%
11.43%		 9.30%
10.07%		 10.75%
10.74%		 10.96%
12.41%		 12.72%
13.28%
Capital Employed £ (Millions) 697.20 931.60 703.80 678.40 625.30
Return on Capital Employed 27.07%
25.92%		 13.18%
14.27%		 0.20%
0.20%		 17.33%
19.63%		 4.63%
4.83%
Invested Equity Capital £ (Millions) 1,087.40 1,203.90 982.10 995.70 860.20
           
Earnings per Share - Basic 26.80p
23.84p		 15.70p
18.74p		 21.40p
19.55p		 18.70p
20.02p		 20.10p
19.01p
Earnings per Share - Diluted 26.50p
23.58p		 15.50p
18.53p		 21.10p
19.35p		 18.60p
19.83p		 20.00p
18.88p
Earnings per Share - Adjusted 26.50p 20.60p 22.10p 20.00p 19.70p
Earnings per Share Growth - Basic 71%
27%		 -27%
-4%		 14%
-2%		 -7%
5%		 8%
2%
Earnings per Share Growth - Diluted 71%
27%		 -26%
-4%		 13%
-2%		 -7%
5%		 8%
2%
Earnings per Share Growth - Adjusted 29% -7% 10% 2% 30%
PE Ratio - Diluted 12.3
13.8		 19.6
16.4		 15.0
16.3		 17.3
16.2		 15.1
16.0
PEG - Diluted 0.2
0.5		 n/a
n/a		 1.2
n/a		 n/a
3.2		 1.9
8.0
Tax Rate 19.58% 28.51% 14.52% 13.48% 7.55%
Dividend Cover 3.44
3.10		 2.82
2.57		 1.96
1.73		 9.09
9.10		 2.98
2.88
Interest Cover 15.33
13.99		 67.26
70.21		 65.82
62.55		 59.62
63.95		 59.67
58.19
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 26.80p
23.84p		 15.70p
18.74p		 0.22p
0.20p		 18.70p
20.02p		 5.02p
4.75p
Earnings per Share - Diluted 26.50p
23.58p		 15.50p
18.53p		 0.21p
0.20p		 18.60p
19.83p		 5.00p
4.72p
Earnings per Share - Adjusted 26.50p 20.60p 0.22p 20.00p 4.92p
Earnings per Share Growth - Basic 71%
27%		 7,168%
9,393%		 -99%
-99%		 272%
322%		 -70%
-75%
Earnings per Share Growth - Diluted 71%
27%		 7,178%
9,388%		 -99%
-99%		 272%
320%		 -70%
-75%
Earnings per Share Growth - Adjusted 29% 9,134% -99% 306% -68%
PE Ratio - Diluted 12.3
13.8		 19.6
16.4		 1,483.7
1,618.1		 17.3
16.2		 60.3
63.9
PEG - Diluted 0.2
0.5		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
n/a
Dividend Cover 3.44
3.10		 2.82
2.57		 0.02
0.02		 9.09
9.10		 0.75
0.72
Return on Equity (ROE) 14.20%
12.63%		 7.48%
8.92%		 0.13%
0.11%		 10.68%
11.40%		 3.31%
3.13%
Operating Cash Flow per Share 35.77p 32.92p 31.25p 27.51p 21.82p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (17.14p) 9.89p 0.13p (13.79p) (2.82p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 7.70p 7.30p 11.30p 2.20p 6.60p
Dividend per Share Growth 5.48% (35.40%) 413.64% (66.67%) 22.22%
Dividend Yield 2.4% 2.4% 3.6% 0.7% 2.2%
Shareholders Funds 968.30 1,041.20 884.60 884.70 776.80
Net Borrowings £ (Millions) 210.60 (230.90) (190.10) (105.80) (190.80)
Net Asset Value per Share (inc. Intangibles) 37.56p 131.11p 106.37p 99.65p 95.35p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Shareholders' Funds inc Intangibles 968.30 1,041.20 884.60 884.70 776.80
Net Borrowings £ (Millions) 210.60 (230.90) (190.10) (105.80) (190.80)
Net Gearing 21.75% (22.18%) n/a n/a n/a
Cash & Near Cash 151.20 248.10 190.10 105.80 190.80
Cash 15.61% 23.83% 21.49% 11.96% 24.56%
Gross Borrowings 361.80 17.20 n/a n/a n/a
Gross Gearing 37.36% 1.65% n/a n/a n/a
Borrowings Under 5 years 361.80 17.20 n/a n/a n/a
Under 5 years 37.36% 1.65% n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Shareholders' Funds exc Intangibles 216.30 751.50 606.00 565.00 539.70
Net Borrowings £ (Millions) 210.60 (230.90) (190.10) (105.80) (190.80)
Net Gearing 97.36% (30.73%) n/a n/a n/a
Cash & Near Cash 151.20 248.10 190.10 105.80 190.80
Cash 69.90% 33.01% 31.37% 18.73% 35.35%
Gross Borrowings 361.80 17.20 n/a n/a n/a
Gross Gearing 167.27% 2.29% n/a n/a n/a
Borrowings Under 5 years 361.80 17.20 n/a n/a n/a
Under 5 years 167.27% 2.29% n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Quick Ratio 1.01 1.23 1.22 0.92 1.08
Current Ratio 1.12 1.33 1.35 1.05 1.19

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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