Qnity Electronics, Inc. (NYSE: Q)

Sector: Technology Industry: Semiconductor Equipment & Materials CIK: 0002058873
Market Cap 0.00
P/B 0.00
P/E 0.00
P/S 0.00
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 11.15
Total Debt (Qtr) 1.72 Bn
Debt/Equity (Qtr) 0.19

About

Price action

Investment thesis

Bull case

  • Robust tangible asset base of 3.85B provides 5.42x coverage of working capital 711M, indicating strong operational backing.
  • Tangible assets of 3.85B provide robust 12.05x coverage of other current liabilities 320M, indicating strong asset backing.
  • Tangible assets of 3.85B provide robust 4.24x coverage of current liabilities 910M, showing strong asset backing.
  • Tangible assets of 3.85B provide robust 4.81x coverage of receivables 802M, showing strong asset quality.

Bear case

  • With cash reserves of 128M against inventory of 647M, the 0.20 cash-to-inventory ratio suggests potential liquidity risks if inventory turnover slows, particularly concerning given current supply chain volatilities.
  • Cash position of 128M provides weak coverage of payables of 590M, which is 0.22x, indicating potential working capital stress and supplier relationship risks.
  • Tax assets of 44M provide limited offset against tax liabilities of 343M, which is 0.13x, indicating potential future cash flow pressure from tax obligations.
  • Retained earnings of 0 provide limited buffer against comprehensive income items of (224M), which is -0x, indicating elevated exposure to market risks.
  • Other non-current assets of 179M provide minimal coverage for long-term debt of 1.72B, which is 0.10x, indicating potential asset-liability mismatch.

Peer comparison

Companies in the Semiconductor Equipment & Materials
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ASML Asml Holding Nv 545.55 Bn 81.60 25.80 3.18 Bn
2 LRCX Lam Research Corp 270.12 Bn 366.11 84.92 4.48 Bn
3 AMAT Applied Materials Inc /De 260.74 Bn 38.58 9.28 6.56 Bn
4 KLAC Kla Corp 207.40 Bn 64.64 19.12 5.89 Bn
5 TER Teradyne, Inc 47.70 Bn 421.67 28.58 0.27 Bn
6 ENTG Entegris Inc 15.99 Bn 199.19 14.79 3.91 Bn
7 NVMI Nova Ltd. 12.80 Bn 52.23 15.01 0.88 Bn
8 AMKR Amkor Technology, Inc. 11.99 Bn 21.67 2.07 1.89 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 3.68
EV to Cash from Ops. EV to Cash from Ops. 0.00 27.99
EV to Debt EV to Debt 0.00 2,137.46
EV to EBIT EV to EBIT 0.00 47.14
EV to EBITDA EV to EBITDA 0.00 30.10
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 68.49
EV to Market Cap EV to Market Cap 0.00 0.93
EV to Revenue EV to Revenue 0.00 55.25
Price to Book Value [P/B] Price to Book Value [P/B] 0.00 11.74
Price to Earnings [P/E] Price to Earnings [P/E] 0.00 58.42
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.93
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 667.25
Dividend per Basic Share Div per Share (Qtr) 0.00 0.62
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 8.52
Interest Coverage Int. cover (Qtr) 0.00 86.73
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -57.75
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 21.17
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 6.43
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 -69.60
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 -68.67
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 -68.41
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 -76.59
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 -164.09
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 70.63
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 43.70
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.54
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.04
Cash Ratio Cash Ratio (Qtr) 0.14 1.52
Current Ratio Curr Ratio (Qtr) 1.78 4.04
Debt to Equity Ratio Debt/Equity (Qtr) 0.19 0.30
Interest Cover Ratio Int Coverage (Qtr) 0.00 86.73
Times Interest Earned Times Interest Earned (Qtr) 0.00 86.73
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -1,802.55
EBIT Margin % EBIT Margin % (Qtr) 0.00 -1,926.38
EBT Margin % EBT Margin % (Qtr) 0.00 -1,932.94
Gross Margin % Gross Margin % (Qtr) 0.00 22.58
Net Profit Margin % Net Margin % (Qtr) 0.00 -2,101.05