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QinetiQ Group (QQ)

Business description

QinetiQ provides technical support services to customers in the global aerospace, defence and security markets. The group operates through two divisions: EMEA Services (78% of FY17 sales) and Global Products (22%).

Stock data

Market cap.£1526.5m
Last close269.10p
High / Low (52 weeks)287.1p / 195.5p
Stock market listingLN
Forecast net cash (£m)235.9
Forecast gearing ratio (%)N/A
SectorAerospace & Defence

Price performance

Relative *14.421.5(8.4)

* % Relative to local index

Other companies in sector Show

Company news

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 783.1 145.3 116.1 18.1 14.9 13.6
2018A 833.0 151.8 122.1 19.3 13.9 13.0
2019E 842.6 145.8 107.7 16.5 16.3 11.8
2020E 851.1 153.5 110.9 16.9 15.9 9.8

Last updated on 13/06/2018

Investment summary

QinetiQ holds a unique position in the global defence market, providing capability generation and assurance in challenging times. The company is working tirelessly with the UK MOD to provide world-class Test and Evaluation (T&E) facilities in the face of a tight budget environment. In addition, it is building its global footprint, leveraging both its technological expertise and global defence budget dynamics.

Last updated on 13/06/2018

Industry outlook

QinetiQ is adapting successfully to the changing demands of the global defence industry and is capable of delivering medium-term growth. Core to the strategy is delivering efficiencies for the UK MoD and investing for medium-term growth. The Air Strategic Enterprise and the first part of the LTPA amendment demonstrate a win-win for both parties and training is another area where further efficiencies can be delivered. In addition, QinetiQ is seeking to bolster its presence in international markets.

Last updated on 27/04/2018

Key management

Mark Elliot, Chairman
Steve Wadey, CEO
David Smith , CFO
David Bishop, Head of Investor Relations and External Commu

Company address

Cody Technology Park, Cody Building
Ively Road
GU14 0LX
United Kingdom
+44(0)8700 100 942
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