QTCOM Stock Analysis: Qt | HE
Software - Application | HE, Finland | Market Cap: 617m EUR | 12M Return: -59.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.20M
EPS Trend: 7.8%
Qual. Beats: 0
Rev. Trend: 95.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.1 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Qt Group Oyj (HE: QTCOM) is a Finnish application software company that provides cross-platform tools for the software development lifecycle, serving customers across Europe, Asia Pacific, and North America. Its offering spans UI design (Qt Design Studio, Figma to Qt plugin), development (Qt Creator IDE, Qt Framework, Qt for MCUs, Qt AI Assistant), and quality assurance (Squish, Coco, Test Center, Axivion Static Code Analysis and Architecture Verification), supplemented by professional and support services.
End markets include automotive, aviation and aerospace, industrial vehicles, micro-mobility, consumer electronics, industrial automation, and medical devices. Founded in 1995 and headquartered in Espoo, Finland, the company operates in the developer tools segment, which commonly uses a dual-licensing model (commercial plus open-source) to monetize framework adoption across embedded and software-defined industries such as automotive and industrial automation.
- Automotive HMI demand drives Qt Framework license growth
- Professional services revenue expands with embedded customer wins
- AI Assistant adoption accelerates developer productivity subscriptions
| Net Income: 27.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -12.29 > 1.0 |
| NWC/Revenue: 20.58% < 20% (prev 51.88%; Δ -31.29% < -1%) |
| CFO/TA 0.09 > 3% & CFO 41.4m > Net Income 27.2m |
| Net Debt (95.9m) to EBITDA (52.9m): 1.81 < 3 |
| Current Ratio: 1.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (25.4m) vs 12m ago 2.26% < -2% |
| Gross Margin: 38.89% > 18% (prev 47.68%; Δ -8.79% > 0.5%) |
| Asset Turnover: 64.66% > 50% (prev 87.02%; Δ -22.36% > 0%) |
| Interest Coverage Ratio: 12.00 > 6 (EBIT TTM 37.6m / Interest Expense TTM 3.13m) |
| A: 0.10 (Total Current Assets 135.9m - Total Current Liabilities 90.2m) / Total Assets 443.3m |
| B: 0.37 (Retained Earnings 165.8m / Total Assets 443.3m) |
| C: 0.11 (EBIT TTM 37.6m / Avg Total Assets 343.0m) |
| D: 0.91 (Book Value of Equity 210.9m / Total Liabilities 232.3m) |
| Altman-Z'' = 3.58 = A |
| DSRI: 1.11 (Receivables 78.7m/67.6m, Revenue 221.8m/211.2m) |
| GMI: 1.23 (GM 47.68% / 38.89%) |
| AQI: 1.90 (AQ_t 0.67 / AQ_t-1 0.35) |
| SGI: 1.05 (Revenue 221.8m / 211.2m) |
| TATA: -0.03 (NI 27.2m - CFO 41.4m) / TA 443.3m) |
| Beneish M = -2.16 (Cap -4..+1) = BB |
As of July 01, 2026, the stock is trading at EUR 23.16 with a total of 78,286 shares traded. Over the past week, the price has changed by -4.69%, over one month by -23.87%, over three months by +22.28% and over the past year by -59.69%.
Current recommended Stop Loss: 19.80 (which is 14.5% or 2.7 ATR below the current price).
Qt has no consensus analysts rating.
P/E Trailing = 22.9245
P/S = 2.7822
P/B = 2.8508
Revenue TTM = 221.8m EUR
EBIT TTM = 37.6m EUR
EBITDA TTM = 52.9m EUR
Long Term Debt = 104.6m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 35.1m EUR (from shortTermDebt, last quarter)
Debt = 152.3m EUR (from shortLongTermDebtTotal, last quarter) + Leases 8.81m
Net Debt = 95.9m EUR (calculated: Debt 152.3m - CCE 56.4m)
Enterprise Value = 712.9m EUR (617.0m + Debt 152.3m - CCE 56.4m)
Interest Coverage Ratio = 12.00 (Ebit TTM 37.6m / Interest Expense TTM 3.13m)
EV/FCF = 17.85x (Enterprise Value 712.9m / FCF TTM 40.0m)
FCF Yield = 5.60% (FCF TTM 40.0m / Enterprise Value 712.9m)
FCF Margin = 18.01% (FCF TTM 40.0m / Revenue TTM 221.8m)
Net Margin = 12.25% (Net Income TTM 27.2m / Revenue TTM 221.8m)
Gross Margin = 38.89% ((Revenue TTM 221.8m - Cost of Revenue TTM 135.5m) / Revenue TTM)
Gross Margin QoQ = 24.15% (prev 51.38%)
Tobins Q-Ratio = 1.61 (Enterprise Value 712.9m / Total Assets 443.3m)
Interest Expense / Debt = 2.06% (Interest Expense 3.13m / Debt 152.3m)
Taxrate = 21.11% (7.27m / 34.5m)
NOPAT = 29.6m (EBIT 37.6m * (1 - 21.11%))
Current Ratio = 1.51 (Total Current Assets 135.9m / Total Current Liabilities 90.2m)
Debt / Equity = 0.72 (Debt 152.3m / totalStockholderEquity, last quarter 210.9m)
Debt / EBITDA = 1.81 (Net Debt 95.9m / EBITDA 52.9m)
Debt / FCF = 2.40 (Net Debt 95.9m / FCF TTM 40.0m)
Total Stockholder Equity = 200.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.92% (Net Income 27.2m / Total Assets 443.3m)
RoE = 13.57% (Net Income TTM 27.2m / Total Stockholder Equity 200.3m)
RoCE = 12.33% (EBIT 37.6m / Capital Employed (Equity 200.3m + L.T.Debt 104.6m))
RoIC = 7.86% (NOPAT 29.6m / Invested Capital 377.0m)
WACC = 8.17% (E(617.0m)/V(769.3m) * Re(9.79%) + D(152.3m)/V(769.3m) * Rd(2.06%) * (1-Tc(0.21)))
Discount Rate = 9.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -16.71 | Cagr: -0.39%
[DCF] Terminal Value 73.10% ; FCFF base≈44.7m ; Y1≈39.2m ; Y5≈31.6m
[DCF] Fair Price = 16.22 (EV 507.8m - Net Debt 95.9m = Equity 411.9m / Shares 25.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 7.81 | EPS CAGR: 2.08% | SUE: -0.54 | # QB: 0
Revenue Correlation: 95.94 | Revenue CAGR: 9.93% | SUE: -0.62 | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.01 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=0.77 | Chg30d=-22.92% | Revisions=-33% | GrowthEPS=-38.8% | GrowthRev=+9.1%
EPS next Year (2027-12-31): EPS=1.23 | Chg30d=-9.98% | Revisions=-20% | GrowthEPS=+61.2% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: -33%