Omfattende analyse
Qt Group: Perfection in performance and valuation
Af Inderes
We re-iterate our previous target price of 35.0 EUR for Qt Group and lower our recommendation to reduce (prev. Accumulate). Qt’s equity story combines a market with large growth potential, a product with proven competitiveness, demonstrated ability in strategy implementation, and a scalable business model. The company is also currently transitioning towards the strong and profitable growth phase of its strategy, which makes the investment profile highly appealing. The rise in share price does however limit share’s return potential, even if Qt executes excellently on its strategy to reach its goals.
QT Group operates in the IT sector. The group develops various development tools for the global market. The technology is based on QT technology and is used to develop multi-platform interfaces and associated applications. The services are used in, among other things, industrial robots, entertainment systems, and vehicle systems. Operations are conducted on a global level and customers are found in the automotive and aerospace industries.
Læs mere på virksomhedssideKey Estimate Figures10.08.2020
| 2019 | 20e | 21e | |
|---|---|---|---|
| Omsætning | 58,4 | 73,5 | 92,5 |
| vækst-% | 28,0 % | 25,9 % | 25,8 % |
| EBIT (adj.) | 0,2 | 10,8 | 19,2 |
| EBIT-% (adj.) | 0,4 % | 14,7 % | 20,8 % |
| EPS (adj.) | -0,01 | 0,37 | 0,70 |
| Udbytte | 0,00 | 0,00 | 0,25 |
| Udbytte % | 1,0 % | ||
| P/E (adj.) | neg. | 71,5 | 37,3 |
| EV/EBITDA | 175,3 | 45,9 | 28,4 |
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