Qt Group
69.55
EUR
+0.51 %
QTCOM
NASDAQ Helsinki
Software
Technology
15,476 following
+0.51%
+0.43%
-24.36%
-16.2%
+7.83%
+8.47%
-46.66%
+287.47%
+1,645.3%
investors.qt.io
QT Group is active 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. Businesses are conducted on a global level and customers are found in the automotive and aerospace industries.
P/E (adj.) (24e)
29.75
EV/EBIT (adj.) (24e)
22.75
EV/S (24e)
7.91
Dividend yield-% (24e)
-
Target price
90.00 EUR
Recommendation
Buy
Updated
31.10.2024
NASDAQ Helsinki
QTCOM
Daily low / high price
68.25 / 70.2
EUR
Market cap
1.77B EUR
Turnover
4.13M EUR
Volume
60K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Antti Luiro
Head of Nordic ER Development, Analyst
Financial calendar
Annual report
13.02.2025
General meeting
09.04.2025
Interim report
24.04.2025
Interim report
06.08.2025
Interim report
30.10.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79.4 | 121.1 | 155.3 | 180.7 | 214.2 | 258.2 | 307.9 | 362.3 |
| growth-% | 36.1 % | 52.5 % | 28.2 % | 16.4 % | 18.5 % | 20.5 % | 19.2 % | 17.7 % |
| EBITDA | 19.5 | 33.3 | 45.3 | 58.5 | 77.8 | 97.4 | 117.2 | 139.9 |
| EBIT (adj.) | 17.0 | 31.5 | 42.2 | 55.4 | 74.5 | 93.8 | 113.9 | 136.5 |
| EBIT | 17.0 | 28.8 | 36.9 | 47.3 | 66.4 | 85.8 | 105.9 | 128.4 |
| Profit before taxes | 16.4 | 29.3 | 37.6 | 44.8 | 68.3 | 86.2 | 105.7 | 128.2 |
| Net income | 12.8 | 22.4 | 34.3 | 35.5 | 54.0 | 68.5 | 83.0 | 100.0 |
| EPS (adj.) | 0.53 | 1.01 | 1.58 | 1.71 | 2.34 | 3.01 | 3.57 | 4.24 |
| growth-% | 91.1 % | 55.9 % | 8.6 % | 36.5 % | 28.6 % | 18.8 % | 18.8 % | |
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 24.5 % | 27.5 % | 29.1 % | 32.4 % | 36.3 % | 37.7 % | 38.1 % | 38.6 % |
| EBIT-% (adj.) | 21.4 % | 26.0 % | 27.2 % | 30.6 % | 34.8 % | 36.3 % | 37.0 % | 37.7 % |
| EBIT-% | 21.4 % | 23.8 % | 23.7 % | 26.2 % | 31.0 % | 33.2 % | 34.4 % | 35.4 % |
| ROE | 54.8 % | 55.0 % | 49.6 % | 33.9 % | 36.2 % | 32.5 % | 29.0 % | 26.5 % |
| ROI | 63.5 % | 57.0 % | 40.2 % | 36.7 % | 41.4 % | 40.4 % | 36.7 % | 33.8 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 57.60 | 133.60 | 42.50 | 64.50 | 69.55 | 69.55 | 69.55 | 69.55 |
| Shares | 24.2 | 24.8 | 25.3 | 25.4 | 25.4 | 25.5 | 25.5 | 25.5 |
| Market cap | 1,395.0 | 3,311.0 | 1,076.1 | 1,637.7 | 1,766.0 | 1,770.8 | 1,770.8 | 1,770.8 |
| Enterprise value | 1,375.6 | 3,310.6 | 1,095.4 | 1,624.7 | 1,693.9 | 1,634.2 | 1,552.4 | 1,454.4 |
| EV/S | 17.3 | 27.3 | 7.1 | 9.0 | 7.9 | 6.3 | 5.0 | 4.0 |
| EV/EBITDA | 70.7 | 99.3 | 24.2 | 27.8 | 21.8 | 16.8 | 13.2 | 10.4 |
| EV/EBIT (adj.) | 80.9 | 105.0 | 25.9 | 29.3 | 22.7 | 17.4 | 13.6 | 10.7 |
| EV/EBIT | 80.9 | 114.9 | 29.7 | 34.3 | 25.5 | 19.0 | 14.7 | 11.3 |
| P/E (adj.) | 108.8 | 132.1 | 27.0 | 37.7 | 29.8 | 23.1 | 19.5 | 16.4 |
| P/E | 108.8 | 147.2 | 31.2 | 46.2 | 32.7 | 25.8 | 21.3 | 17.7 |
| P/B | 46.7 | 64.2 | 12.4 | 13.4 | 10.0 | 7.2 | 5.4 | 4.1 |
| P/S | 17.6 | 27.3 | 6.9 | 9.1 | 8.2 | 6.9 | 5.8 | 4.9 |
| Dividend yield | ||||||||
| Equity ratio | 63.2 % | 49.7 % | 52.8 % | 64.4 % | 70.4 % | 75.7 % | 78.7 % | 81.1 % |
| Gearing ratio | -64.9 % | -0.7 % | 22.3 % | -10.7 % | -40.8 % | -55.8 % | -66.6 % | -73.9 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 59.3 | 180.7 | 45.1 | 53.3 | 42.2 | 73.7 | 214.2 | 53.9 | 63.9 |
| EBITDA | 26.8 | 58.5 | 11.7 | 19.4 | 11.2 | 35.5 | 77.8 | 14.9 | 23.9 |
| EBIT | 23.9 | 47.3 | 9.0 | 16.5 | 8.3 | 32.6 | 66.4 | 12.0 | 21.0 |
| Profit before taxes | 22.4 | 44.8 | 9.4 | 16.6 | 9.7 | 32.5 | 68.3 | 12.1 | 21.1 |
| Net income | 17.7 | 35.5 | 7.6 | 13.4 | 7.1 | 25.9 | 54.0 | 9.6 | 16.8 |
ShowingAll content types
Modular Finance IR Consensus: Qt Group – Consensus estimates Q3 2024
Publishing of Qt Group's Interim statement on October 31, 2024
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