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IONQ INC (IONQ) Stock Fundamental Analysis

NYSE:IONQ - New York Stock Exchange, Inc. - US46222L1089 - Common Stock - Currency: USD

31.74  -2.01 (-5.96%)

After market: 31.8009 +0.06 (+0.19%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to IONQ. IONQ was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. While IONQ has a great health rating, there are worries on its profitability. IONQ is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year IONQ has reported negative net income.
In the past year IONQ has reported a negative cash flow from operations.
IONQ Yearly Net Income VS EBIT VS OCF VS FCFIONQ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 -50M -100M -150M

1.2 Ratios

With a Return On Assets value of -34.45%, IONQ is not doing good in the industry: 83.87% of the companies in the same industry are doing better.
IONQ has a Return On Equity (-39.38%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -34.45%
ROE -39.38%
ROIC N/A
ROA(3y)-17.72%
ROA(5y)N/A
ROE(3y)-19.68%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
IONQ Yearly ROA, ROE, ROICIONQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 -10 -20 -30

1.3 Margins

IONQ's Gross Margin of 50.71% is amongst the best of the industry. IONQ outperforms 87.10% of its industry peers.
The Profit Margin and Operating Margin are not available for IONQ so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 50.71%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
IONQ Yearly Profit, Operating, Gross MarginsIONQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 0 -1K -2K -3K -4K -5K

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8

2. Health

2.1 Basic Checks

IONQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, IONQ has more shares outstanding
IONQ has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
IONQ Yearly Shares OutstandingIONQ Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 50M 100M 150M 200M
IONQ Yearly Total Debt VS Total AssetsIONQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

An Altman-Z score of 68.62 indicates that IONQ is not in any danger for bankruptcy at the moment.
The Altman-Z score of IONQ (68.62) is better than 100.00% of its industry peers.
There is no outstanding debt for IONQ. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 68.62
ROIC/WACCN/A
WACC9.06%
IONQ Yearly LT Debt VS Equity VS FCFIONQ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 0 200M 400M

2.3 Liquidity

A Current Ratio of 12.23 indicates that IONQ has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 12.23, IONQ belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
IONQ has a Quick Ratio of 12.23. This indicates that IONQ is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of IONQ (12.23) is better than 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 12.23
Quick Ratio 12.23
IONQ Yearly Current Assets VS Current LiabilitesIONQ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 100M 200M 300M 400M 500M

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4

3. Growth

3.1 Past

IONQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.90%.
Looking at the last year, IONQ shows a very strong growth in Revenue. The Revenue has grown by 89.62%.
EPS 1Y (TTM)-20.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-9.09%
Revenue 1Y (TTM)89.62%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%102.09%

3.2 Future

The Earnings Per Share is expected to grow by 19.06% on average over the next years. This is quite good.
IONQ is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 87.30% yearly.
EPS Next Y-13.33%
EPS Next 2Y-11.75%
EPS Next 3Y-3.79%
EPS Next 5Y19.06%
Revenue Next Year91.98%
Revenue Next 2Y96.14%
Revenue Next 3Y90.07%
Revenue Next 5Y87.3%

3.3 Evolution

IONQ Yearly Revenue VS EstimatesIONQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
IONQ Yearly EPS VS EstimatesIONQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 -0.5 1

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for IONQ. In the last year negative earnings were reported.
Also next year IONQ is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
IONQ Price Earnings VS Forward Price EarningsIONQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IONQ Per share dataIONQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 1.5 2

4.3 Compensation for Growth

A cheap valuation may be justified as IONQ's earnings are expected to decrease with -3.79% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-11.75%
EPS Next 3Y-3.79%

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0

5. Dividend

5.1 Amount

IONQ does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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IONQ INC

NYSE:IONQ (2/21/2025, 8:04:00 PM)

After market: 31.8009 +0.06 (+0.19%)

31.74

-2.01 (-5.96%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)02-26 2025-02-26/amc
Inst Owners41.06%
Inst Owner Change9.92%
Ins Owners6.4%
Ins Owner Change-0.24%
Market Cap6.87B
Analysts78.33
Price Target43.64 (37.49%)
Short Float %12.06%
Short Ratio0.85
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.8%
Min EPS beat(2)-8.18%
Max EPS beat(2)19.79%
EPS beat(4)3
Avg EPS beat(4)9.45%
Min EPS beat(4)-8.18%
Max EPS beat(4)25.49%
EPS beat(8)4
Avg EPS beat(8)-6.09%
EPS beat(12)6
Avg EPS beat(12)5.3%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)21.99%
Min Revenue beat(2)15.11%
Max Revenue beat(2)28.88%
Revenue beat(4)4
Avg Revenue beat(4)13.24%
Min Revenue beat(4)3.9%
Max Revenue beat(4)28.88%
Revenue beat(8)8
Avg Revenue beat(8)15.54%
Revenue beat(12)10
Avg Revenue beat(12)14.1%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)25.79%
PT rev (3m)270.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.63%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.67%
Revenue NQ rev (1m)0.4%
Revenue NQ rev (3m)-0.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.64%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 183.3
P/FCF N/A
P/OCF N/A
P/B 15.76
P/tB 16.45
EV/EBITDA N/A
EPS(TTM)-0.81
EYN/A
EPS(NY)-0.97
Fwd EYN/A
FCF(TTM)-0.56
FCFYN/A
OCF(TTM)-0.43
OCFYN/A
SpS0.17
BVpS2.01
TBVpS1.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -34.45%
ROE -39.38%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 50.71%
FCFM N/A
ROA(3y)-17.72%
ROA(5y)N/A
ROE(3y)-19.68%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 164.95%
Cap/Sales 73.32%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 12.23
Quick Ratio 12.23
Altman-Z 68.62
F-Score3
WACC9.06%
ROIC/WACCN/A
Cap/Depr(3y)268.55%
Cap/Depr(5y)N/A
Cap/Sales(3y)226.23%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-9.09%
EPS Next Y-13.33%
EPS Next 2Y-11.75%
EPS Next 3Y-3.79%
EPS Next 5Y19.06%
Revenue 1Y (TTM)89.62%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%102.09%
Revenue Next Year91.98%
Revenue Next 2Y96.14%
Revenue Next 3Y90.07%
Revenue Next 5Y87.3%
EBIT growth 1Y-64.97%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year22.09%
EBIT Next 3Y10.22%
EBIT Next 5Y25.12%
FCF growth 1Y-150.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-169.39%
OCF growth 3YN/A
OCF growth 5YN/A