(Q) Qnity Electronics - Overview
Sector: Technology | Industry: Semiconductor Equipment & Materials | Exchange: NYSE (USA) | Market Cap: 31.979m USD | Total Return: 64.9% in 12m
Avg Turnover: 274M
Rev. Trend: 99.7%
Warnings
No concerns identified
Tailwinds
Supp Ema20, Confidence
Qnity Electronics, Inc. (NYSE: Q) is a specialized materials provider for the global semiconductor and electronics industries. Operating through its Semiconductor Technologies and Interconnect Solutions segments, the company supplies critical consumables including chemical mechanical planarization (CMP) pads, photoresists, and thermal interface materials. These components are essential for advanced wafer fabrication and high-density packaging processes used in modern microelectronics.
The company operates within the specialty chemicals and materials sector, a capital-intensive industry where high barriers to entry are maintained through proprietary chemical formulations and deep integration into customer manufacturing workflows. As semiconductor nodes shrink, the demand for high-purity cleaning agents and advanced metallization solutions typically increases to ensure yield stability. For a deeper look into these technical market drivers, consider reviewing the comprehensive data on ValueRay.
Headquartered in Wilmington, Delaware, Qnity Electronics transitioned from its former identity as Novus SpinCo 1, Inc. in April 2025. Its business model relies on a global distribution network spanning the Americas, EMEA, and the Asia-Pacific region, positioning it as a key supplier to major foundries and integrated device manufacturers.
- Semiconductor manufacturing volumes drive demand for CMP pads and slurries
- Advanced packaging adoption accelerates revenue for Interconnect Solutions segment
- Global chip fabrication utilization rates directly impact consumable material sales
- R&D investment levels determine competitive positioning in next-generation photoresists
- Geopolitical trade restrictions on high-end chemical exports affect China revenues
| Net Income: 650.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.09 > 1.0 |
| NWC/Revenue: 28.66% < 20% (prev 10.42%; Δ 18.24% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.20b > Net Income 650.0m |
| Net Debt (3.17b) to EBITDA (1.44b): 2.20 < 3 |
| Current Ratio: 2.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (210.3m) vs 12m ago 0.41% < -2% |
| Gross Margin: 41.97% > 18% (prev 0.46%; Δ 4.15k% > 0.5%) |
| Asset Turnover: 36.55% > 50% (prev 59.12%; Δ -22.57% > 0%) |
| Interest Coverage Ratio: 5.86 > 6 (EBITDA TTM 1.44b / Interest Expense TTM 181.0m) |
| A: 0.10 (Total Current Assets 2.68b - Total Current Liabilities 1.26b) / Total Assets 14.1b |
| B: 0.01 (Retained Earnings 170.0m / Total Assets 14.1b) |
| C: 0.08 (EBIT TTM 1.06b / Avg Total Assets 13.5b) |
| D: -0.01 (Book Value of Equity -92.0m / Total Liabilities 6.60b) |
| Altman-Z'' = 1.21 = BB |
| DSRI: 1.86 (Receivables 1.04b/871.0m, Revenue 4.95b/7.70b) |
| GMI: 1.09 (GM 41.97% / 45.65%) |
| AQI: 0.92 (AQ_t 0.69 / AQ_t-1 0.75) |
| SGI: 0.64 (Revenue 4.95b / 7.70b) |
| TATA: -0.04 (NI 650.0m - CFO 1.20b) / TA 14.1b) |
| Beneish M = -2.59 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 156.93 with a total of 1,562,280 shares traded.
Over the past week, the price has changed by -0.19%,
over one month by +8.62%,
over three months by +34.46% and
over the past year by +64.90%.
Qnity Electronics has no consensus analysts rating.
P/E Trailing = 49.2774
P/E Forward = 38.7597
P/S = 6.459
P/B = 4.4514
P/EG = 2.5592
Revenue TTM = 4.95b USD
EBIT TTM = 1.06b USD
EBITDA TTM = 1.44b USD
Long Term Debt = 4.00b USD (from longTermDebt, last quarter)
Short Term Debt = 23.0m USD (from shortTermDebt, last quarter)
Debt = 4.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.17b USD (calculated: Debt 4.02b - CCE 857.0m)
Enterprise Value = 35.1b USD (32.0b + Debt 4.02b - CCE 857.0m)
Interest Coverage Ratio = 5.86 (Ebit TTM 1.06b / Interest Expense TTM 181.0m)
EV/FCF = 39.14x (Enterprise Value 35.1b / FCF TTM 898.0m)
FCF Yield = 2.56% (FCF TTM 898.0m / Enterprise Value 35.1b)
FCF Margin = 18.14% (FCF TTM 898.0m / Revenue TTM 4.95b)
Net Margin = 13.13% (Net Income TTM 650.0m / Revenue TTM 4.95b)
Gross Margin = 41.97% ((Revenue TTM 4.95b - Cost of Revenue TTM 2.87b) / Revenue TTM)
Gross Margin QoQ = 43.04% (prev 41.85%)
Tobins Q-Ratio = 2.50 (Enterprise Value 35.1b / Total Assets 14.1b)
Interest Expense / Debt = 4.50% (Interest Expense 181.0m / Debt 4.02b)
Taxrate = 25.69% (56.0m / 218.0m)
NOPAT = 788.4m (EBIT 1.06b * (1 - 25.69%))
Current Ratio = 2.12 (Total Current Assets 2.68b / Total Current Liabilities 1.26b)
Debt / Equity = 0.56 (Debt 4.02b / totalStockholderEquity, last quarter 7.19b)
Debt / EBITDA = 2.20 (Net Debt 3.17b / EBITDA 1.44b)
Debt / FCF = 3.53 (Net Debt 3.17b / FCF TTM 898.0m)
Total Stockholder Equity = 8.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.80% (Net Income 650.0m / Total Assets 14.1b)
RoE = 7.57% (Net Income TTM 650.0m / Total Stockholder Equity 8.58b)
RoCE = 8.43% (EBIT 1.06b / Capital Employed (Equity 8.58b + L.T.Debt 4.00b))
RoIC = 6.20% (NOPAT 788.4m / Invested Capital 12.7b)
WACC = 6.66% (E(32.0b)/V(36.0b) * Re(7.08%) + D(4.02b)/V(36.0b) * Rd(4.50%) * (1-Tc(0.26)))
Discount Rate = 7.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 71.91 | Cagr: 0.21%
[DCF] Terminal Value 76.61% ; FCFF base≈866.8m ; Y1≈938.8m ; Y5≈1.16b
[DCF] Fair Price = 69.54 (EV 17.7b - Net Debt 3.17b = Equity 14.6b / Shares 209.3m; r=8.35% [WACC [floored]]; 5y FCF grow 9.51% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.74 | Revenue CAGR: 8.54% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.05 | Chg30d=+17.11% | Revisions=+50% | Analysts=5
EPS next Quarter (2026-09-30): EPS=1.04 | Chg30d=+1.85% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=4.08 | Chg30d=+7.14% | Revisions=+60% | GrowthEPS=+21.9% | GrowthRev=+12.6%
EPS next Year (2027-12-31): EPS=4.76 | Chg30d=+8.48% | Revisions=+64% | GrowthEPS=+16.5% | GrowthRev=+9.3%
[Analyst] Revisions Ratio: +64%