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QANTM Intellectual Property

ASX:QIP
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QIP
ASX
A$178M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

QANTM Intellectual Property Limited provides intellectual property services for start-up technology businesses, multinationals, public research institutions, and universities in Australia and internationally. The last earnings update was 83 days ago. More info.


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QIP Share Price and Events
7 Day Returns
0%
ASX:QIP
0.4%
AU Professional Services
-0.1%
AU Market
1 Year Returns
2.3%
ASX:QIP
20.6%
AU Professional Services
16.5%
AU Market
QIP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
QANTM Intellectual Property (QIP) 0% 1.1% -0.7% 2.3% -39.9% -
AU Professional Services 0.4% 3% 7.6% 20.6% 37.9% 39.2%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • QIP underperformed the Professional Services industry which returned 20.6% over the past year.
  • QIP underperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
QIP
Industry
5yr Volatility vs Market
Related Companies

QIP Value

 Is QANTM Intellectual Property undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of QANTM Intellectual Property to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for QANTM Intellectual Property.

ASX:QIP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:QIP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.828 (1 + (1- 30%) (6.91%))
0.911
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.911 * 5.96%)
7.74%

Discounted Cash Flow Calculation for ASX:QIP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for QANTM Intellectual Property is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:QIP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.74%)
2020 15.40 Analyst x1 14.29
2021 15.80 Analyst x1 13.61
2022 17.60 Analyst x1 14.07
2023 18.88 Est @ 7.26% 14.01
2024 19.97 Est @ 5.78% 13.75
2025 20.91 Est @ 4.74% 13.37
2026 21.75 Est @ 4.01% 12.91
2027 22.51 Est @ 3.5% 12.40
2028 23.22 Est @ 3.14% 11.87
2029 23.89 Est @ 2.89% 11.33
Present value of next 10 years cash flows A$131.00
ASX:QIP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$23.89 × (1 + 2.31%) ÷ (7.74% – 2.31%)
A$450.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$450.13 ÷ (1 + 7.74%)10
A$213.52
ASX:QIP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$131.00 + A$213.52
A$344.52
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$344.52 / 133.05
A$2.59
ASX:QIP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.59
Current discount Discount to share price of A$1.34
= -1 x (A$1.34 - A$2.59) / A$2.59
48.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price QANTM Intellectual Property is available for.
Intrinsic value
48%
Share price is A$1.34 vs Future cash flow value of A$2.59
Current Discount Checks
For QANTM Intellectual Property to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • QANTM Intellectual Property's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • QANTM Intellectual Property's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for QANTM Intellectual Property's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are QANTM Intellectual Property's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:QIP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.08
ASX:QIP Share Price ** ASX (2019-11-19) in AUD A$1.34
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 21.51x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of QANTM Intellectual Property.

ASX:QIP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:QIP Share Price ÷ EPS (both in AUD)

= 1.34 ÷ 0.08

15.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QANTM Intellectual Property is good value based on earnings compared to the AU Professional Services industry average.
  • QANTM Intellectual Property is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does QANTM Intellectual Property's expected growth come at a high price?
Raw Data
ASX:QIP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
12.3%per year
Australia Professional Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Professional Services Companies 1.94x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

ASX:QIP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.91x ÷ 12.3%

1.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QANTM Intellectual Property is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on QANTM Intellectual Property's assets?
Raw Data
ASX:QIP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.53
ASX:QIP Share Price * ASX (2019-11-19) in AUD A$1.34
Australia Professional Services Industry PB Ratio Median Figure of 21 Publicly-Listed Professional Services Companies 2.08x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:QIP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:QIP Share Price ÷ Book Value per Share (both in AUD)

= 1.34 ÷ 0.53

2.53x

* Primary Listing of QANTM Intellectual Property.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QANTM Intellectual Property is overvalued based on assets compared to the AU Professional Services industry average.
X
Value checks
We assess QANTM Intellectual Property's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. QANTM Intellectual Property has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

QIP Future Performance

 How is QANTM Intellectual Property expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is QANTM Intellectual Property expected to grow at an attractive rate?
  • QANTM Intellectual Property's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • QANTM Intellectual Property's earnings growth is expected to exceed the Australia market average.
  • QANTM Intellectual Property's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:QIP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:QIP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 12.3%
ASX:QIP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.2%
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:QIP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:QIP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 127 19 17 1
2021-06-30 124 17 16 1
2020-06-30 119 17 15 1
2019-11-19
ASX:QIP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 112 15 11
2019-03-31 110 11 11
2018-12-31 108 6 10
2018-09-30 105 9 10
2018-06-30 102 12 10
2018-03-31 101 15 10
2017-12-31 101 19 11
2017-09-30 100 19 9
2017-06-30 100 19 7
2017-03-31 94 22 10
2016-12-31 88 25 13
2016-09-30 84 26 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • QANTM Intellectual Property's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • QANTM Intellectual Property's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:QIP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from QANTM Intellectual Property Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:QIP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.14 0.14 0.14 1.00
2021-06-30 0.13 0.13 0.13 1.00
2020-06-30 0.12 0.12 0.12 1.00
2019-11-19
ASX:QIP Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.08
2019-03-31 0.08
2018-12-31 0.08
2018-09-30 0.08
2018-06-30 0.07
2018-03-31 0.08
2017-12-31 0.08
2017-09-30 0.07
2017-06-30 0.05
2017-03-31 0.08
2016-12-31 0.10
2016-09-30 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • QANTM Intellectual Property is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess QANTM Intellectual Property's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
QANTM Intellectual Property has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

QIP Past Performance

  How has QANTM Intellectual Property performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare QANTM Intellectual Property's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • QANTM Intellectual Property's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • QANTM Intellectual Property's 1-year earnings growth exceeds its 5-year average (17.8% vs -7.5%)
  • QANTM Intellectual Property's earnings growth has not exceeded the AU Professional Services industry average in the past year (17.8% vs 26.7%).
Earnings and Revenue History
QANTM Intellectual Property's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from QANTM Intellectual Property Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:QIP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 112.17 11.21 57.15
2019-03-31 109.99 10.84 55.87
2018-12-31 107.81 10.47 54.58
2018-09-30 104.76 9.99 53.61
2018-06-30 101.72 9.51 52.64
2018-03-31 101.30 10.22 52.06
2017-12-31 100.88 10.92 51.48
2017-09-30 100.20 9.05 52.07
2017-06-30 99.52 7.18 52.65
2017-03-31 93.80 10.25 46.51
2016-12-31 88.07 13.31 40.38
2016-09-30 84.10 19.34 34.25
2016-06-30 80.13 25.36 28.13
2015-06-30 101.70 12.50 46.40
2014-06-30 92.90 9.00 45.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • QANTM Intellectual Property has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • QANTM Intellectual Property used its assets more efficiently than the AU Professional Services industry average last year based on Return on Assets.
  • Unable to establish if QANTM Intellectual Property improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess QANTM Intellectual Property's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
QANTM Intellectual Property has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

QIP Health

 How is QANTM Intellectual Property's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up QANTM Intellectual Property's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • QANTM Intellectual Property is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • QANTM Intellectual Property's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of QANTM Intellectual Property's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from QANTM Intellectual Property Company Filings, last reported 4 months ago.

ASX:QIP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 70.58 12.07 1.18
2019-03-31 70.58 12.07 1.18
2018-12-31 68.62 18.50 2.72
2018-09-30 68.62 18.50 2.72
2018-06-30 69.72 11.00 3.09
2018-03-31 69.72 11.00 3.09
2017-12-31 68.02 11.34 4.96
2017-09-30 68.02 11.34 4.96
2017-06-30 70.85 14.60 8.34
2017-03-31 70.85 14.60 8.34
2016-12-31 68.29 16.00 3.64
2016-09-30 68.29 16.00 3.64
2016-06-30 -23.61 34.61 0.52
2015-06-30
2014-06-30
  • QANTM Intellectual Property's level of debt (17.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if QANTM Intellectual Property's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (121.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.1x coverage).
X
Financial health checks
We assess QANTM Intellectual Property's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. QANTM Intellectual Property has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

QIP Dividends

 What is QANTM Intellectual Property's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.19%
Current annual income from QANTM Intellectual Property dividends. Estimated to be 6.97% next year.
If you bought A$2,000 of QANTM Intellectual Property shares you are expected to receive A$124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • QANTM Intellectual Property's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.37%).
  • QANTM Intellectual Property's dividend is above the markets top 25% of dividend payers in Australia (5.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:QIP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:QIP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.10 1.00
2021-06-30 0.09 1.00
2020-06-30 0.09 1.00
2019-11-19
ASX:QIP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-28 0.083 6.218
2019-02-21 0.078 5.568
2018-08-28 0.071 5.108
2018-02-21 0.081 6.990
2017-08-29 0.106 7.159
2017-02-23 0.072 4.689

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QANTM Intellectual Property has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but QANTM Intellectual Property only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of QANTM Intellectual Property's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess QANTM Intellectual Property's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can QANTM Intellectual Property afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. QANTM Intellectual Property has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

QIP Management

 What is the CEO of QANTM Intellectual Property's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Leon Allen
COMPENSATION A$662,177
TENURE AS CEO 3.5 years
CEO Bio

Mr. Leon Allen serves, BSc (Hons), M.A.I.C.D., Patent Attorney has been the Managing Director and Chief Executive Officer of Qantm Intellectual Property Limited since May 17, 2016. Mr. Allen joined DCC in 1995 and has worked as a patent attorney since 1981. He has been Managing Partner and Chairman of DCC’s national management board since 2011. He was Australian International Vice President and Australian President of Asian Patent Attorneys Association (APAA). He served as President of the Institute of Patent and Trade Marks Attorneys of Australia having served on its Council from 1992 to 2013. He has been an Executive Director of Qantm Intellectual Property Limited since May 17, 2016. He served as a Member of Advisory Board of Intellectual Property Research Institute of Australia (IPRIA). He serves as a Board Tutor, Academy of Education of Fédération Internationale des Conseilsen Propriété (FICPI). He has served two terms on the Advisory Council on Intellectual Property to the Federal Government, the second as chair. He was a Member of Australian Government Advisory Council on Intellectual Property (ACIP). He is Senior Fellow of University of Melbourne (Masters of Intellectual Property). He is a Fellow of the International Federation of Patent Attorneys Academy of Education, teaching patent drafting in Europe and is also a Senior Fellow of the University of Melbourne.

CEO Compensation
  • Leon's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Leon's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the QANTM Intellectual Property management team in years:

3.3
Average Tenure
  • The tenure for the QANTM Intellectual Property management team is about average.
Management Team

Leon Allen

TITLE
MD, CEO & Executive Director
COMPENSATION
A$662K
TENURE
3.5 yrs

Martin Cleaver

TITLE
CFO & Company Secretary
COMPENSATION
A$499K
TENURE
2.3 yrs

Jern Chuah

TITLE
Chief Executive Officer of Advanz Fidelis IP Sdn Bhd
COMPENSATION
A$3M

James Cherry

TITLE
Managing Principal of FPA
COMPENSATION
A$278K
TENURE
3.3 yrs

David Webber

TITLE
Patent Managing Principal of DCC
COMPENSATION
A$277K
TENURE
3.3 yrs

Adam Sears

TITLE
Trade Mark Managing Principal of DCC
COMPENSATION
A$275K
TENURE
3.3 yrs

Chris Jordan

TITLE
Law Managing Principal of DCC
COMPENSATION
A$275K
TENURE
3.3 yrs

Michael Wolnizer

TITLE
DCC Group Managing Principal
COMPENSATION
A$275K

Shane Murphy

TITLE
Chief Operating Officer
TENURE
2.3 yrs

Hasaka Martin

TITLE
Joint Company Secretary
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure of the QANTM Intellectual Property board of directors in years:

3.4
Average Tenure
  • The tenure for the QANTM Intellectual Property board of directors is about average.
Board of Directors

Richard Anthony England

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$193K
AGE
69
TENURE
3.5 yrs

Leon Allen

TITLE
MD, CEO & Executive Director
COMPENSATION
A$662K
TENURE
3.5 yrs

Cameron J. Judson

TITLE
Independent Non-Executive Director
COMPENSATION
A$116K
TENURE
3.4 yrs

Abigail Cheadle

TITLE
Independent Non-Executive Director
COMPENSATION
A$116K
TENURE
3.4 yrs

Sonia Petering

TITLE
Independent Non-Executive Director
COMPENSATION
A$116K
AGE
49
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Oct 19 Sell Investors Mutual Limited Company 22. Feb 19 09. Oct 19 -2,140,346 A$1.85 A$-3,384,256
13. Sep 19 Buy FIL Limited Company 08. Jul 19 11. Sep 19 3,843,365 A$1.50 A$5,107,730
14. Jun 19 Buy FIL Limited Company 26. Feb 19 12. Jun 19 1,726,063 A$1.76 A$2,641,808
14. Mar 19 Sell Renaissance Smaller Companies Pty Ltd Company 01. Dec 16 12. Mar 19 -1,869,664 A$1.58 A$-2,948,814
14. Mar 19 Buy Renaissance Smaller Companies Pty Ltd Company 01. Dec 16 12. Mar 19 636,037 A$1.86 A$1,183,470
26. Feb 19 Sell Perpetual Limited Company 08. Oct 18 15. Feb 19 -714,914 A$1.36 A$-972,598
26. Feb 19 Buy Perpetual Limited Company 23. Oct 18 22. Feb 19 2,242,020 A$1.51 A$3,380,718
X
Management checks
We assess QANTM Intellectual Property's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. QANTM Intellectual Property has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

QIP News

Simply Wall St News

Does QANTM Intellectual Property Limited's (ASX:QIP) November Stock Price Reflect Its Future Growth?

QANTM Intellectual Property Limited (ASX:QIP) is considered a high growth stock. … Check out our latest analysis for QANTM Intellectual Property? … The excitement around QANTM Intellectual Property's growth potential is not unfounded

Simply Wall St -

Why Qantm Intellectual Property Limited’s (ASX:QIP) Cash Is A Factor You Need To Consider

Qantm Intellectual Property Limited (ASX:QIP) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … Free cash flow (FCF) is the amount of cash Qantm Intellectual Property has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … The two ways to assess whether Qantm Intellectual Property’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

Simply Wall St -

Is Qantm Intellectual Property Limited (ASX:QIP) Attractive At Its Current PE Ratio?

Qantm Intellectual Property Limited (ASX:QIP) trades with a trailing P/E of 17.9, which is lower than the industry average of 23.1. … While this makes QIP appear like a good stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … See our latest analysis for Qantm Intellectual Property

Simply Wall St -

Taking A Look At Qantm Intellectual Property Limited's (ASX:QIP) ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding Qantm Intellectual Property Limited (ASX:QIP). … Over the last twelve months Qantm Intellectual Property has recorded a ROE of 14%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Qantm Intellectual Property Limited's (ASX:QIP) Insiders Just Sold Shares - Should You?

QANTM Intellectual Property Limited providing IP services for start-up technology businesses, multinationals, public research institutions, and universities in Australia and internationally. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal … The MIT Press (1998) published an article showing that stocks following insider selling underperformed the market by 2.7%

Simply Wall St -

Breaking Down Qantm Intellectual Property Limited's (ASX:QIP) Ownership Structure

In this article, I will take a quick look at Qantm Intellectual Property Limited’s (ASX:QIP) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … ASX:QIP Ownership Summary July 30th 18

Simply Wall St -

What Should You Know About the future of Qantm Intellectual Property Limited's (ASX:QIP)?

Qantm Intellectual Property Limited (ASX:QIP) to … earnings growth of 22.23% annualised … it's important to take a step back

Simply Wall St -

Reasons Why I Like Qantm Intellectual Property Limited (ASX:QIP)

Qantm Intellectual Property Limited (ASX:QIP) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

Should Qantm Intellectual Property Limited (ASX:QIP) Be Part Of Your Portfolio?

In the past, Qantm Intellectual Property Limited (ASX:QIP) has returned an average of 7.00% per year to investors in the form of dividend payouts. … Does Qantm Intellectual Property tick all the boxes of a great dividend stock? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

Interested In Qantm Intellectual Property Limited (ASX:QIP)? Here's How It Performed Recently

View our latest analysis for Qantm Intellectual Property Was QIP's recent earnings decline indicative of a tough track record? … For Qantm Intellectual Property, its latest earnings (trailing twelve month) is AU$10.92M, which, against last year’s level, has dropped by -18.00%. … Typically companies that face a prolonged period of decline in earnings are undergoing some sort of reinvestment phase Although, if the entire industry is struggling to grow over time, it may be a sign of a structural change, which makes Qantm Intellectual Property and its peers a higher risk investment.

Simply Wall St -

QIP Company Info

Description

QANTM Intellectual Property Limited provides intellectual property services for start-up technology businesses, multinationals, public research institutions, and universities in Australia and internationally. The company also offers services related to patents, designs, and trademarks, as well as DCC, a litigation service in patent and trademark protection. QANTM Intellectual Property Limited was founded in 1877 and is based in Melbourne, Australia.

Details
Name: QANTM Intellectual Property Limited
QIP
Exchange: ASX
Founded: 1877
A$178,287,970
133,050,724
Website: http://www.qantmip.com
Address: QANTM Intellectual Property Limited
1 Nicholson Street,
Level 15,
Melbourne,
Victoria, 3002,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX QIP Ordinary Shares Australian Securities Exchange AU AUD 31. Aug 2016
DB 1Q0 Ordinary Shares Deutsche Boerse AG DE EUR 31. Aug 2016
CHIA QIP Ordinary Shares Chi-X Australia AU AUD 31. Aug 2016
Number of employees
Current staff
Staff numbers
335
QANTM Intellectual Property employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:43
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/08/29
Last earnings filing: 2019/08/28
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.