Obermatt

QinetiQ

LSE:QQ. · GB00B0WMWD03
Aerospace & DefenseMedium

360

100
EV / EBIT95
Price / Owner Earnings69
Owner Earnings Yield96
Dividend Yield77
Price/Sales73
EV / Gross Profit76
Price/Book40
Return on Capital99
Cash Return on Capital100
Return on Equity88
EBIT Margin80
Gross Profitability71
Cash Conversion76
Accruals87
Owner Earnings Margin88
Sales growth44
Profit Growth46
Long-Term EPS Growth50
Reinvestment25
Price momentum22
Debt load25
Refinancing16
Debt Payback83
Liquidity51
Analyst ratings49
Opinion Changes71
Price Target Upside32
Market mood59
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

QinetiQ generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUK
IndustryAerospace & Defense
SizeMedium
TypePublic Company
ExchangeLSE
Founded2002
Employees4,166
ISINGB00B0WMWD03
Last UpdateApr 2, 2026
Themes
Machine LearningNetwork SecurityIndustrial AutomationAutonomous VehiclesSensorsArtificial IntelligenceDefenseTechAgentic AINavigationDetectors, Sensors and MemsAerospaceCyber SecurityNational SecuritySpace Travel

Description

Analysis

Hidden champion

QinetiQ Group plc fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns.

On valuation, the picture is fair. The owner-earnings multiple stands at 16.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 3% a year, against analyst forecasts of 9%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
17
2023202420252026

All-time high

100

Jan 2025

All-time low

11

Mar 2026

Average rank

80

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
73
75
79
69
Price/Earnings
63
89
89
82
Price/Book
40
49
67
71
Dividend Yield
77
86
79
72
Value (overall)
82
94
88
95

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →