QUALYS INC (QLYS) Stock Fundamental Analysis
NASDAQ:QLYS - Nasdaq - US74758T3032 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to QLYS. QLYS was compared to 282 industry peers in the Software industry. QLYS has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. QLYS has a decent growth rate and is not valued too expensively. With these ratings, QLYS could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
QLYS had positive earnings in the past year.
In the past year QLYS had a positive cash flow from operations.
Each year in the past 5 years QLYS has been profitable.
QLYS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 18.21%, QLYS belongs to the best of the industry, outperforming 94.33% of the companies in the same industry.
QLYS's Return On Equity of 36.44% is amongst the best of the industry. QLYS outperforms 92.55% of its industry peers.
QLYS has a better Return On Invested Capital (28.84%) than 96.45% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for QLYS is significantly above the industry average of 12.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.21% | ||
| ROE | 36.44% | ||
| ROIC | 28.84% |
ROA(3y)17.3%
ROA(5y)14.61%
ROE(3y)38.31%
ROE(5y)30.77%
ROIC(3y)30.81%
ROIC(5y)24.74%
1.3 Margins
QLYS has a Profit Margin of 29.19%. This is amongst the best in the industry. QLYS outperforms 93.97% of its industry peers.
In the last couple of years the Profit Margin of QLYS has grown nicely.
Looking at the Operating Margin, with a value of 31.24%, QLYS belongs to the top of the industry, outperforming 95.04% of the companies in the same industry.
In the last couple of years the Operating Margin of QLYS has grown nicely.
With an excellent Gross Margin value of 81.79%, QLYS belongs to the best of the industry, outperforming 86.88% of the companies in the same industry.
QLYS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.24% | ||
| PM (TTM) | 29.19% | ||
| GM | 81.79% |
OM growth 3Y13.04%
OM growth 5Y6.51%
PM growth 3Y18.3%
PM growth 5Y5.81%
GM growth 3Y1.44%
GM growth 5Y0.82%
2. Health
2.1 Basic Checks
QLYS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
QLYS has less shares outstanding than it did 1 year ago.
The number of shares outstanding for QLYS has been reduced compared to 5 years ago.
QLYS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
QLYS has an Altman-Z score of 7.31. This indicates that QLYS is financially healthy and has little risk of bankruptcy at the moment.
QLYS has a Altman-Z score of 7.31. This is in the better half of the industry: QLYS outperforms 76.60% of its industry peers.
QLYS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 7.31 |
ROIC/WACC2.68
WACC10.76%
2.3 Liquidity
QLYS has a Current Ratio of 1.39. This is a normal value and indicates that QLYS is financially healthy and should not expect problems in meeting its short term obligations.
QLYS has a Current ratio (1.39) which is in line with its industry peers.
A Quick Ratio of 1.39 indicates that QLYS should not have too much problems paying its short term obligations.
QLYS has a Quick ratio (1.39) which is comparable to the rest of the industry.
QLYS does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
QLYS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.79%, which is quite good.
The Earnings Per Share has been growing by 21.24% on average over the past years. This is a very strong growth
The Revenue has grown by 9.15% in the past year. This is quite good.
QLYS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.57% yearly.
EPS 1Y (TTM)12.79%
EPS 3Y23.81%
EPS 5Y21.24%
EPS Q2Q%15.17%
Revenue 1Y (TTM)9.15%
Revenue growth 3Y13.9%
Revenue growth 5Y13.57%
Sales Q2Q%9.67%
3.2 Future
Based on estimates for the next years, QLYS will show a small growth in Earnings Per Share. The EPS will grow by 6.39% on average per year.
Based on estimates for the next years, QLYS will show a small growth in Revenue. The Revenue will grow by 7.70% on average per year.
EPS Next Y3.3%
EPS Next 2Y4.84%
EPS Next 3Y4.92%
EPS Next 5Y6.39%
Revenue Next Year8%
Revenue Next 2Y7.31%
Revenue Next 3Y6.83%
Revenue Next 5Y7.7%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
QLYS is valuated rather expensively with a Price/Earnings ratio of 21.69.
Based on the Price/Earnings ratio, QLYS is valued a bit cheaper than the industry average as 77.31% of the companies are valued more expensively.
QLYS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.51.
A Price/Forward Earnings ratio of 20.44 indicates a rather expensive valuation of QLYS.
75.89% of the companies in the same industry are more expensive than QLYS, based on the Price/Forward Earnings ratio.
QLYS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 35.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.69 | ||
| Fwd PE | 20.44 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QLYS is valued cheaper than 81.56% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, QLYS is valued cheaper than 81.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.55 | ||
| EV/EBITDA | 21.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates QLYS does not grow enough to justify the current Price/Earnings ratio.
QLYS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)6.57
PEG (5Y)1.02
EPS Next 2Y4.84%
EPS Next 3Y4.92%
5. Dividend
5.1 Amount
QLYS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
137.71
-1.48 (-1.06%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners98.74%
Inst Owner Change-0.01%
Ins Owners0.66%
Ins Owner Change-0.14%
Market Cap5.00B
Analysts66.9
Price Target139.93 (1.61%)
Short Float %7.68%
Short Ratio8.53
Dividend
| Industry Rank | Sector 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)2
Avg EPS beat(2)13.92%
Min EPS beat(2)11.67%
Max EPS beat(2)16.16%
EPS beat(4)4
Avg EPS beat(4)13.94%
Min EPS beat(4)11.67%
Max EPS beat(4)16.16%
EPS beat(8)8
Avg EPS beat(8)15.95%
EPS beat(12)12
Avg EPS beat(12)13.78%
EPS beat(16)16
Avg EPS beat(16)12.43%
Revenue beat(2)0
Avg Revenue beat(2)-0.15%
Min Revenue beat(2)-0.22%
Max Revenue beat(2)-0.08%
Revenue beat(4)1
Avg Revenue beat(4)-0.54%
Min Revenue beat(4)-1.95%
Max Revenue beat(4)0.1%
Revenue beat(8)1
Avg Revenue beat(8)-1.03%
Revenue beat(12)2
Avg Revenue beat(12)-1.08%
Revenue beat(16)2
Avg Revenue beat(16)-1.11%
PT rev (1m)0%
PT rev (3m)-4.19%
EPS NQ rev (1m)0.06%
EPS NQ rev (3m)3.16%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)6.37%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)0.76%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.69 | ||
| Fwd PE | 20.44 | ||
| P/S | 8.05 | ||
| P/FCF | 19.55 | ||
| P/OCF | 18.66 | ||
| P/B | 10.05 | ||
| P/tB | 10.33 | ||
| EV/EBITDA | 21.1 |
EPS(TTM)6.35
EY4.61%
EPS(NY)6.74
Fwd EY4.89%
FCF(TTM)7.04
FCFY5.11%
OCF(TTM)7.38
OCFY5.36%
SpS17.11
BVpS13.71
TBVpS13.33
PEG (NY)6.57
PEG (5Y)1.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.21% | ||
| ROE | 36.44% | ||
| ROCE | 34.4% | ||
| ROIC | 28.84% | ||
| ROICexc | 131.72% | ||
| ROICexgc | 148.04% | ||
| OM | 31.24% | ||
| PM (TTM) | 29.19% | ||
| GM | 81.79% | ||
| FCFM | 41.16% |
ROA(3y)17.3%
ROA(5y)14.61%
ROE(3y)38.31%
ROE(5y)30.77%
ROIC(3y)30.81%
ROIC(5y)24.74%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)36.76%
ROCE(5y)29.51%
ROICexcg growth 3Y9.17%
ROICexcg growth 5Y17.45%
ROICexc growth 3Y11.03%
ROICexc growth 5Y19.36%
OM growth 3Y13.04%
OM growth 5Y6.51%
PM growth 3Y18.3%
PM growth 5Y5.81%
GM growth 3Y1.44%
GM growth 5Y0.82%
F-Score6
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 70.6% | ||
| Cap/Sales | 1.98% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 126.71% | ||
| Profit Quality | 140.98% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | 7.31 |
F-Score6
WACC10.76%
ROIC/WACC2.68
Cap/Depr(3y)47.89%
Cap/Depr(5y)60.62%
Cap/Sales(3y)2.25%
Cap/Sales(5y)4.19%
Profit Quality(3y)152.97%
Profit Quality(5y)174.19%
High Growth Momentum
Growth
EPS 1Y (TTM)12.79%
EPS 3Y23.81%
EPS 5Y21.24%
EPS Q2Q%15.17%
EPS Next Y3.3%
EPS Next 2Y4.84%
EPS Next 3Y4.92%
EPS Next 5Y6.39%
Revenue 1Y (TTM)9.15%
Revenue growth 3Y13.9%
Revenue growth 5Y13.57%
Sales Q2Q%9.67%
Revenue Next Year8%
Revenue Next 2Y7.31%
Revenue Next 3Y6.83%
Revenue Next 5Y7.7%
EBIT growth 1Y12.49%
EBIT growth 3Y28.76%
EBIT growth 5Y20.96%
EBIT Next Year11.85%
EBIT Next 3Y8.13%
EBIT Next 5YN/A
FCF growth 1Y46.29%
FCF growth 3Y9.57%
FCF growth 5Y11.75%
OCF growth 1Y43.64%
OCF growth 3Y6.76%
OCF growth 5Y8.73%