QINETIQ GROUP ORD GBP0.01
Symbol: QQ.
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Company
Business Summary
QinetiQ Group plc is a United Kingdom-based integrated global defense and security company. The Company operates through two divisions: Europe, Middle East and Australasia (EMEA) Services and Global Products. EMEA Services division combines its facilities to provide capability generation and assurance, underpinned by long-term contracts. Global Products division delivers technology-based solutions to meet customer requirements. The Company serves sectors, which include defense, financial services, marine, aviation and aerospace, government, space, energy and utilities, law enforcement, and telecommunications. It manages and operates testing and evaluation capabilities for air, land, sea and target systems. The Company also specializes in air threat representation, test and evaluation, unmanned targets, and mission rehearsal. The Company's geographical location includes the United States, the United Kingdom, Australia, Europe and the Rest of the World.
Financial Summary
BRIEF: For the six months ended 30 September 2023, QinetiQ Group plc revenues increased 31% to £883.1M. Net income decreased 42% to £63.7M. Revenues reflect EMEA segment increase of 25% to £654.8M, Global Products segment increase of 53% to £228.3M, United Kingdom segment increase of 27% to £581.4M, US segment increase of 92% to £196.3M, Rest of World segment increase of 62% to £19.1M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/03/2023 |
31/03/2022 |
31/03/2021 |
31/03/2020 |
31/03/2019 |
31/03/2018 |
---|---|---|---|---|---|---|
Total Revenue | 1,580.70 | 1,320.40 | 1,278.20 | 1,072.90 | 911.10 | 833.00 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 198.60 | 122.00 | 119.40 | 124.10 | 123.10 | 145.20 |
Profit Before Tax | 192.00 | 119.70 | 146.20 | 123.10 | 123.20 | 144.80 |
Profit After Tax | 154.40 | 90.00 | 124.70 | 106.50 | 113.90 | 138.10 |
Equity Holders of Parent Company | 154.40 | 90.00 | 124.50 | 106.30 | 113.90 | 138.10 |
Minority Interest | NIL | 0.20 | 0.10 | 2.20 | 2.20 | 0.20 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/03/2023 |
31/03/2022 |
31/03/2021 |
31/03/2020 |
31/03/2019 |
31/03/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 1,389.80 | 1,090.50 | 913.80 | 1,022.90 | 807.40 | 736.70 |
Total Current Assets | 682.30 | 666.20 | 572.80 | 415.00 | 443.30 | 461.30 |
Total Assets | 2,072.10 | 1,756.70 | 1,486.60 | 1,437.90 | 1,250.70 | 1,198.00 |
Total Liabilities | 1,103.80 | 713.30 | 596.90 | 550.80 | 469.70 | 453.70 |
Total Net Assets | 968.30 | 1,043.40 | 889.70 | 887.10 | 781.00 | 744.30 |
Shareholders Funds | 968.30 | 1,043.20 | 889.40 | 884.70 | 778.80 | 744.10 |
Minority Interests | NIL | 0.20 | 0.10 | 2.20 | 2.20 | 0.20 |
Total Equity | 968.30 | 1,043.40 | 889.70 | 887.10 | 781.00 | 744.30 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy4 |
Buy2 |
Neutral2 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 4 | 2 | 2 | 0 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £1,869.69mn | £1,995.40mn | £2,130.50mn |
Pre-tax-Profit | £211.41mn | £228.99mn | £247.61mn |
EPS | £0.27p | £0.30p | £0.34p |
EPS Growth | 3.54% | 10.80% | 11.32% |
P/E | 12.31 | 11.09 | 9.95 |
PEG Ratio | 3.47 | 1.03 | 0.88 |
Dividend | 8.17p | 8.62p | 9.14p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
22nd Apr 2024 | Shore Capital | Reiteration | 343p | 0p | 0p | Buy |
22nd Jan 2024 | Berenberg Bank | Reiteration | 339p | 440p | 445p | Buy |
20th Nov 2023 | JP Morgan Cazenove | Reiteration | 315p | 420p | 390p | Neutral |
17th Nov 2023 | Barclays | Reiteration | 322p | 0p | 465p | Overweight |
16th Nov 2023 | Berenberg Bank | Reiteration | 321p | 0p | 450p | Buy |
16th Nov 2023 | Shore Capital | Reiteration | 321p | 0p | 0p | Buy |
16th Oct 2023 | JP Morgan Cazenove | Reiteration | 337p | 0p | 420p | Neutral |
11th Oct 2023 | Shore Capital | Reiteration | 329p | 0p | 0p | Buy |
20th Jul 2023 | JP Morgan Cazenove | Reiteration | 348p | 410p | 420p | Neutral |
7th Jun 2023 | Citigroup | Reiteration | 369p | 454p | 457p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
25 Apr 2024 | 11:25 | 341 | 64 | Sell |
25 Apr 2024 | 11:24 | 341.6 | 8 | Buy |
25 Apr 2024 | 11:24 | 341.433 | 1,300 | Buy |
25 Apr 2024 | 11:23 | 341.452 | 597 | Buy |
25 Apr 2024 | 11:21 | 341 | 5 | Sell |
25 Apr 2024 | 11:21 | 341 | 2 | Sell |
25 Apr 2024 | 11:20 | 341.547 | 200 | Buy |
25 Apr 2024 | 11:19 | 341.8 | 3 | Buy |
25 Apr 2024 | 11:18 | 341.4 | 117 | Buy |
25 Apr 2024 | 11:15 | 341.6 | 629 | Sell |
25 Apr 2024 | 11:15 | 341.4 | 176 | Sell |
25 Apr 2024 | 11:12 | 342 | 1 | Sell |
25 Apr 2024 | 11:11 | 341.8 | 724 | Sell |
25 Apr 2024 | 11:11 | 341.8 | 40 | Sell |
25 Apr 2024 | 11:11 | 341.8 | 89 | Sell |
25 Apr 2024 | 11:11 | 341.6 | 637 | Sell |
25 Apr 2024 | 11:11 | 342 | 61 | Buy |
25 Apr 2024 | 11:11 | 342 | 822 | Buy |
25 Apr 2024 | 11:11 | 342 | 213 | Buy |
25 Apr 2024 | 11:11 | 342 | 3 | Unknown |
Selected data supplied by Thomson Reuters © View restrictions.