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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.£1621m
Last close285.40p
High / Low (52 weeks)292.8p / 195.5p
Stock market listingLN
Forecast net cash (£m)235.9
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorAerospace & Defence

Price performance

%1m3m12m
Actual5.18.426.6
Relative *6.09.322.2

* % Relative to local index

Other companies in sector Show

Company news

Volume Moving the Tape 0.15% For Ishares Plc (IDUS.L)

Thu, 17 May 2018 11:26:15 GMT

QinetiQ acquires Germany-based airborne training provider

Tue, 24 Apr 2018 07:07:30 GMT

QinetiQ to stop making pension top-up contributions

Thu, 08 Feb 2018 08:47:06 GMT

QinetiQ shares tank as new contracts slow in the first quarter

Wed, 19 Jul 2017 09:40:14 GMT

Qinetiq rebounds from 2-year low on defence optimism

Wed, 22 Nov 2017 18:00:00 GMT

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 15.8 14.4
2018A 833.0 151.8 122.1 19.3 14.8 13.8
2019E 842.6 145.8 107.7 16.5 17.3 12.6
2020E 851.1 153.5 110.9 16.9 16.9 10.4

Last updated on 22/06/2018

Investment summary

QinetiQ is actively embracing the UK defence environment to help the MoD achieve the cost savings that it needs. The Q3 statement highlights some of the modernisation developments under the amended Long-Term Partnering Agreement (LTPA) contract. These include the first flights of new aircraft and a £9m order to modernise and develop Electro Magnetic Open Sea Ranges. Innovation is at the core of QinetiQ’s operations while it is broadening its international reach.

Last updated on 27/07/2018

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 27/07/2018

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
Farnborough
Hampshire
GU14 0LX
United Kingdom
+44(0)8700 100 942
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