Qt: Tolerance level of valuation tested
Qt’s operational performance continues as strong, the outlook is good, and the company progresses in line with its strategy in expanding to new areas. The share’s valuation is still tight, and we see no room to stretch the multiples, but if the strong performance continues as we predict time will adjust the valuation.
Qt Group
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.
Read more on company pageKey Estimate Figures23.04.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 79.4 | 113.5 | 149.0 |
growth-% | 36.10 % | 42.89 % | 31.22 % |
EBIT (adj.) | 17.0 | 25.9 | 49.4 |
EBIT-% (adj.) | 21.41 % | 22.79 % | 33.13 % |
EPS (adj.) | 0.53 | 0.86 | 1.55 |
Dividend | 0.00 | 0.51 | 0.55 |
Dividend % | 0.76 % | 0.82 % | |
P/E (adj.) | 108.84 | 77.68 | 43.06 |
EV/EBITDA | 70.69 | 56.95 | 32.27 |