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D-WAVE QUANTUM INC (QBTS) Stock Fundamental Analysis

NYSE:QBTS - New York Stock Exchange, Inc. - US26740W1099 - Common Stock

6.25  -0.04 (-0.64%)

After market: 6.19 -0.06 (-0.96%)

Fundamental Rating

2

Overall QBTS gets a fundamental rating of 2 out of 10. We evaluated QBTS against 285 industry peers in the Software industry. Both the profitability and financial health of QBTS have multiple concerns. QBTS is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

QBTS had negative earnings in the past year.
In the past year QBTS has reported a negative cash flow from operations.
QBTS Yearly Net Income VS EBIT VS OCF VS FCFQBTS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 -20M -40M -60M -80M

1.2 Ratios

The Return On Assets of QBTS (-148.94%) is worse than 93.55% of its industry peers.
Industry RankSector Rank
ROA -148.94%
ROE N/A
ROIC N/A
ROA(3y)-142.44%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
QBTS Yearly ROA, ROE, ROICQBTS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 0 500 -500 -1K

1.3 Margins

Looking at the Gross Margin, with a value of 64.27%, QBTS is in line with its industry, outperforming 44.09% of the companies in the same industry.
QBTS's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for QBTS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 64.27%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-13.79%
GM growth 5YN/A
QBTS Yearly Profit, Operating, Gross MarginsQBTS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 0 -200 -400 -600 -800

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2. Health

2.1 Basic Checks

QBTS does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, QBTS has more shares outstanding
The debt/assets ratio for QBTS is higher compared to a year ago.
QBTS Yearly Shares OutstandingQBTS Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 50M 100M 150M
QBTS Yearly Total Debt VS Total AssetsQBTS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 20M 40M 60M

2.2 Solvency

Based on the Altman-Z score of -3.25, we must say that QBTS is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -3.25, QBTS is not doing good in the industry: 81.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -3.25
ROIC/WACCN/A
WACC9.73%
QBTS Yearly LT Debt VS Equity VS FCFQBTS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 0 20M -20M 40M -40M 60M -60M

2.3 Liquidity

A Current Ratio of 1.36 indicates that QBTS should not have too much problems paying its short term obligations.
QBTS's Current ratio of 1.36 is in line compared to the rest of the industry. QBTS outperforms 42.29% of its industry peers.
A Quick Ratio of 1.28 indicates that QBTS should not have too much problems paying its short term obligations.
QBTS has a Quick ratio (1.28) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.36
Quick Ratio 1.28
QBTS Yearly Current Assets VS Current LiabilitesQBTS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 10M 20M 30M 40M

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 41.94% over the past year.
The Revenue has grown by 14.23% in the past year. This is quite good.
QBTS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.28% yearly.
EPS 1Y (TTM)41.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.27%
Revenue 1Y (TTM)14.23%
Revenue growth 3Y19.28%
Revenue growth 5YN/A
Sales Q2Q%-27.01%

3.2 Future

QBTS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.55% yearly.
The Revenue is expected to grow by 47.33% on average over the next years. This is a very strong growth
EPS Next Y48.67%
EPS Next 2Y23.07%
EPS Next 3Y18.77%
EPS Next 5Y15.55%
Revenue Next Year-15.09%
Revenue Next 2Y17.98%
Revenue Next 3Y43.78%
Revenue Next 5Y47.33%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
QBTS Yearly Revenue VS EstimatesQBTS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 10M 20M 30M 40M 50M
QBTS Yearly EPS VS EstimatesQBTS Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 -0.2 -0.4 -0.6

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for QBTS. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for QBTS. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
QBTS Price Earnings VS Forward Price EarningsQBTS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
QBTS Per share dataQBTS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -0.1 -0.2 -0.3

4.3 Compensation for Growth

QBTS's earnings are expected to grow with 18.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y23.07%
EPS Next 3Y18.77%

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5. Dividend

5.1 Amount

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

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D-WAVE QUANTUM INC

NYSE:QBTS (1/22/2025, 8:04:01 PM)

After market: 6.19 -0.06 (-0.96%)

6.25

-0.04 (-0.64%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-14 2024-11-14/bmo
Earnings (Next)N/A N/A
Inst Owners52.59%
Inst Owner Change0.18%
Ins Owners1.36%
Ins Owner Change2.62%
Market Cap1.82B
Analysts81.67
Price Target5.15 (-17.6%)
Short Float %11.84%
Short Ratio0.47
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)-0.16%
Min EPS beat(2)-0.88%
Max EPS beat(2)0.56%
EPS beat(4)2
Avg EPS beat(4)-5.31%
Min EPS beat(4)-26.05%
Max EPS beat(4)5.12%
EPS beat(8)3
Avg EPS beat(8)-14.59%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-26%
Min Revenue beat(2)-27.66%
Max Revenue beat(2)-24.33%
Revenue beat(4)0
Avg Revenue beat(4)-28.23%
Min Revenue beat(4)-39.75%
Max Revenue beat(4)-21.2%
Revenue beat(8)0
Avg Revenue beat(8)-23.4%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)71.19%
PT rev (3m)92.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.23%
EPS NY rev (1m)0%
EPS NY rev (3m)13.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-39.54%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)-10.71%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 192.84
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.3
Fwd EYN/A
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)-0.2
OCFYN/A
SpS0.03
BVpS-0.06
TBVpS-0.06
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -148.94%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 64.27%
FCFM N/A
ROA(3y)-142.44%
ROA(5y)N/A
ROE(3y)N/A
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 3Y-13.79%
GM growth 5YN/A
F-Score4
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 157.92%
Cap/Sales 17.04%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.36
Quick Ratio 1.28
Altman-Z -3.25
F-Score4
WACC9.73%
ROIC/WACCN/A
Cap/Depr(3y)75.23%
Cap/Depr(5y)N/A
Cap/Sales(3y)15.34%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)41.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.27%
EPS Next Y48.67%
EPS Next 2Y23.07%
EPS Next 3Y18.77%
EPS Next 5Y15.55%
Revenue 1Y (TTM)14.23%
Revenue growth 3Y19.28%
Revenue growth 5YN/A
Sales Q2Q%-27.01%
Revenue Next Year-15.09%
Revenue Next 2Y17.98%
Revenue Next 3Y43.78%
Revenue Next 5Y47.33%
EBIT growth 1Y13.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1.64%
EBIT Next 3Y4.15%
EBIT Next 5Y13.71%
FCF growth 1Y13.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.06%
OCF growth 3YN/A
OCF growth 5YN/A