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QSC

DB:QSC
Snowflake Description

Outstanding track record and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QSC
DB
€119M
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

QSC AG engages in the cloud, Internet of Things (IoT), consulting, telecommunications, and colocation businesses in Germany and internationally. The last earnings update was 136 days ago. More info.


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  • QSC has significant price volatility in the past 3 months.
QSC Share Price and Events
7 Day Returns
4.8%
DB:QSC
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
-24.4%
DB:QSC
-22.7%
DE Telecom
-14.1%
DE Market
QSC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
QSC (QSC) 4.8% -23.6% -11.8% -24.4% -39.5% -51.5%
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • QSC underperformed the Telecom industry which returned -22.7% over the past year.
  • QSC underperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
QSC
Industry
5yr Volatility vs Market

QSC Value

 Is QSC 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 QSC 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 QSC.

DB:QSC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:QSC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.359 (1 + (1- 30%) (16.33%))
0.598
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:QSC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for QSC 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.

DB:QSC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 3.96%)
2020 -17.17 Analyst x3 -16.51
2021 -7.37 Analyst x3 -6.82
2022 3.00 Analyst x1 2.67
2023 5.31 Est @ 76.84% 4.54
2024 8.15 Est @ 53.67% 6.71
2025 11.21 Est @ 37.45% 8.88
2026 14.13 Est @ 26.1% 10.77
2027 16.70 Est @ 18.15% 12.24
2028 18.80 Est @ 12.59% 13.25
2029 20.43 Est @ 8.7% 13.85
Present value of next 10 years cash flows €49.00
DB:QSC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €20.43 × (1 + -0.39%) ÷ (3.96% – -0.39%)
€467.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €467.67 ÷ (1 + 3.96%)10
€317.10
DB:QSC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €49.00 + €317.10
€366.10
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €366.10 / 124.17
€2.95
DB:QSC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:QSC represents 0.97916x of XTRA:QSC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97916x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.95 x 0.97916
€2.89
Value per share (EUR) From above. €2.89
Current discount Discount to share price of €0.94
= -1 x (€0.94 - €2.89) / €2.89
67.4%

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

Current Discount
Amount off the current price QSC is available for.
Intrinsic value
>50%
Share price is €0.94 vs Future cash flow value of €2.89
Current Discount Checks
For QSC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • QSC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • QSC'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 QSC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are QSC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:QSC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €1.28
XTRA:QSC Share Price ** XTRA (2020-03-27) in EUR €0.96
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

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

** Primary Listing of QSC.

DB:QSC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:QSC Share Price ÷ EPS (both in EUR)

= 0.96 ÷ 1.28

0.75x

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

  • QSC is good value based on earnings compared to the Europe Telecom industry average.
  • QSC is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does QSC's expected growth come at a high price?
Raw Data
DB:QSC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-80.6%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:QSC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 0.75x ÷ -80.6%

-0.01x

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

  • QSC earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on QSC's assets?
Raw Data
DB:QSC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €1.54
XTRA:QSC Share Price * XTRA (2020-03-27) in EUR €0.96
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:QSC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:QSC Share Price ÷ Book Value per Share (both in EUR)

= 0.96 ÷ 1.54

0.63x

* Primary Listing of QSC.

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

  • QSC is good value based on assets compared to the DE Telecom industry average.
X
Value checks
We assess QSC'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. QSC has a total score of 5/6, 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.

QSC Future Performance

 How is QSC expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
-80.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is QSC expected to grow at an attractive rate?
  • QSC's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • QSC's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • QSC's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:QSC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:QSC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -80.6%
DB:QSC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -2.8%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
DB:QSC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:QSC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 224 1
2023-12-31 205 1
2022-12-31 180 14 -19 2
2021-12-31 162 2 -20 3
2020-12-31 144 -7 -30 3
2020-03-27
2019-12-31 237 156 88 2
DB:QSC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 297 -6 105
2019-06-30 354 14 108
2019-03-31 360 41 2
2018-12-31 367 34 4
2018-09-30 368 34 4
2018-06-30 368 33 6
2018-03-31 363 33 6
2017-12-31 358 39 5
2017-09-30 357 39 -22
2017-06-30 364 38 -24
2017-03-31 376 41 -24
2016-12-31 386 40 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • QSC's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • QSC's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:QSC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from QSC Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QSC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 -0.16 -0.16 -0.16 1.00
2021-12-31 -0.12 -0.05 -0.21 3.00
2020-12-31 -0.24 -0.18 -0.30 2.00
2020-03-27
2019-12-31 0.71 0.71 0.71 2.00
DB:QSC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 1.28
2019-06-30 0.87
2019-03-31 0.02
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 -0.18
2017-06-30 -0.19
2017-03-31 -0.19
2016-12-31 -0.20

*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.
  • Unable to establish if QSC will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess QSC'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
QSC has a total score of 0/6, 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.

QSC Past Performance

  How has QSC 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 QSC's growth in the last year to its industry (Telecom).
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.
  • QSC has delivered over 20% year on year earnings growth in the past 5 years.
  • QSC's 1-year earnings growth exceeds its 5-year average (2322.3% vs 70.8%)
  • QSC's earnings growth has exceeded the Europe Telecom industry average in the past year (2322.3% vs 10.4%).
Earnings and Revenue History
QSC'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 QSC Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QSC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 296.55 104.96 66.81
2019-06-30 353.59 107.96 73.29
2019-03-31 360.16 2.33 62.27
2018-12-31 366.84 3.52 60.66
2018-09-30 368.27 4.33 60.66
2018-06-30 367.82 5.52 59.45
2018-03-31 363.22 5.56 58.55
2017-12-31 357.87 5.34 59.39
2017-09-30 356.89 -22.09 62.60
2017-06-30 363.85 -23.70 65.06
2017-03-31 375.85 -24.05 67.81
2016-12-31 385.98 -24.84 71.47
2016-09-30 390.69 -5.27 72.49
2016-06-30 394.83 -6.92 72.81
2016-03-31 396.59 -9.85 73.74
2015-12-31 402.44 -13.12 75.12
2015-09-30 412.01 -31.94 76.70
2015-06-30 418.63 -36.47 77.99
2015-03-31 427.09 -37.61 78.73
2014-12-31 431.44 -33.92 77.74
2014-09-30 440.52 -1.17 80.29
2014-06-30 447.71 9.77 83.60
2014-03-31 451.78 18.86 85.43
2013-12-31 455.72 23.61 86.72
2013-09-30 468.62 21.60 92.91
2013-06-30 475.31 24.07 92.92
2013-03-31 478.48 21.64 92.71

*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.
  • QSC made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • QSC used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • QSC has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess QSC'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 Telecom 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.
QSC has a total score of 6/6, 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.

QSC Health

 How is QSC'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 QSC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • QSC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • QSC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of QSC'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3988.4x 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 QSC Company Filings, last reported 5 months ago.

DB:QSC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 190.65 0.03 70.11
2019-06-30 193.43 0.03 81.92
2019-03-31 89.91 120.27 49.15
2018-12-31 90.16 119.97 53.62
2018-09-30 88.17 130.52 58.60
2018-06-30 91.29 130.10 57.98
2018-03-31 90.60 137.20 61.42
2017-12-31 89.53 136.45 61.88
2017-09-30 86.04 138.55 57.96
2017-06-30 84.36 137.97 55.29
2017-03-31 87.32 152.24 70.19
2016-12-31 86.35 151.87 67.34
2016-09-30 120.46 156.02 73.52
2016-06-30 120.29 155.96 71.32
2016-03-31 123.83 157.85 71.34
2015-12-31 113.77 160.41 73.98
2015-09-30 125.73 158.39 70.53
2015-06-30 127.53 160.38 66.00
2015-03-31 142.53 163.80 80.47
2014-12-31 145.63 163.36 89.29
2014-09-30 170.54 173.70 117.00
2014-06-30 177.50 235.69 176.50
2014-03-31 194.49 97.83 57.89
2013-12-31 193.17 85.58 59.91
2013-09-30 184.74 100.54 52.11
2013-06-30 179.71 98.42 43.51
2013-03-31 185.50 91.59 41.35
  • QSC's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (96% vs 0% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 16.5x coverage).
X
Financial health checks
We assess QSC'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. QSC 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.

QSC Dividends

 What is QSC'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
3.13%
Current annual income from QSC dividends. Estimated to be 3.47% next year.
If you bought €2,000 of QSC shares you are expected to receive €63 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?
  • QSC's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • QSC's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase QSC before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:QSC 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 3 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:QSC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.04 1.00
2021-12-31 0.03 3.00
2020-12-31 0.03 2.00
2020-03-27
2019-12-31 0.03 3.00
DB:QSC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.030 2.406
2019-02-27 0.030 2.389
2018-03-29 0.030 2.050
2017-03-30 0.030 1.808
2016-03-30 0.030 1.902
2016-02-29 0.030 2.387
2015-03-31 0.100 5.949
2015-02-23 0.100 5.324
2014-03-31 0.100 4.515
2014-02-26 0.100 2.703
2013-03-19 0.090 2.703
2013-03-04 0.090 3.385
2012-04-10 0.080 3.767
2012-03-05 0.080 3.636

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

  • QSC has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • QSC has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of QSC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (42.6x coverage).
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess QSC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 QSC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. QSC has a total score of 2/6, see the detailed checks below.


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

QSC Management

 What is the CEO of QSC'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
Jürgen Hermann
COMPENSATION €585,000
AGE 55
TENURE AS CEO 6.8 years
CEO Bio

Mr. Jürgen Hermann has been the Chief Executive Officer and Member of Management Board at QSC AG since May 30, 2013 and April 1, 2009 respectively. Mr. Hermann served as the Chief Financial Officer of QSC AG from May 2009 to May 30, 2013. He has years of expertise in the telecommunications market and extremely profound knowledge of all external and internal business processes. He began his career at QSC in 1997 and was In charge of the Finance department, responsible for helping to shape the entire build-up of it. During and after his studies, he continued his leadership career as an Officer in German Army Signal Corps in Germany and the United States. Until 1996, he served in an executive capacity in the Strategy department of Thyssen Telecom AG, where he was already working closely with the future founders of QSC. He serves as the Chairman of the Board at Info AG. He holds a Postgraduate degree in Business Administration. Mr. Hermann studied Economics at the University of the Bundeswehr in Hamburg until 1988.

CEO Compensation
  • Jürgen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jürgen's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the QSC management team in years:

15
Average Tenure
52
Average Age
  • The average tenure for the QSC management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bernd Schlobohm

TITLE
Co-Founder & Chairman of Supervisory Board
AGE
59
TENURE
23.2 yrs

Jürgen Hermann

TITLE
CEO & Member of Management Board
COMPENSATION
€585K
AGE
55
TENURE
6.8 yrs

Gerd Eickers

TITLE
Co-Founder & Member of Supervisory Board
TENURE
23.2 yrs

Christoph Reif

TITLE
Member of the Management
AGE
38
TENURE
0.2 yrs

Arne Thull

TITLE
Head of Investor Relations

Claudia Isringhaus

TITLE
Head of Corporate Communications

Martina Altheim

TITLE
Supervisory Board Member & Head of Corporate Social Responsibility
AGE
49
Board of Directors Tenure

Average tenure of the QSC board of directors in years:

6.8
Average Tenure
  • The tenure for the QSC board of directors is about average.
Board of Directors

Bernd Schlobohm

TITLE
Co-Founder & Chairman of Supervisory Board
AGE
59
TENURE
6.8 yrs

Frank Zurlino

TITLE
Deputy Chairman of Supervisory Board
TENURE
6.8 yrs

Gerd Eickers

TITLE
Co-Founder & Member of Supervisory Board
TENURE
15.8 yrs

Martina Altheim

TITLE
Supervisory Board Member & Head of Corporate Social Responsibility
AGE
49
TENURE
0.7 yrs

Ina Schlie

TITLE
Member of Supervisory Board
TENURE
7.5 yrs

Matthias Galler

TITLE
Employee Representative Member of Supervisory Board
TENURE
1.7 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 (€) Value (€)
X
Management checks
We assess QSC'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. QSC 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.

QSC News

Simply Wall St News

QSC Company Info

Description

QSC AG engages in the cloud, Internet of Things (IoT), consulting, telecommunications, and colocation businesses in Germany and internationally. It operates through four segments: Cloud, Outsourcing, Consulting, and Telecommunications. The Cloud segment provides cloud technologies, software solutions, and service components, as well as network and infrastructure services; and services, including transformation consulting, software and hardware competence, standard hardware, security solutions, and smart product manufacturing, as well as a proprietary IoT platform. The Outsourcing segment offers IT and data storage outsourcing services. The Consulting segment provides SAP services in the fields of basic operations, application management, implementations, user support, and maintenance, as well as in managing the necessary software licenses; and Microsoft consulting services, such as needs analysis, consulting, design, implementation, and operations and ongoing optimization measures. The Telecommunications segment offers a range of voice and data communication solutions, including asymmetric ADSL2+ lines, symmetric SDSL lines, and Internet access services via wireless local loop networks; IP telephony connections and related telephony systems; and open call-by-call and preselect voice telephony, as well as related value added services. The company serves medium-sized companies. QSC AG was founded in 1997 and is headquartered in Cologne, Germany.

Details
Name: QSC AG
QSC
Exchange: DB
Founded: 1997
€119,205,587
124,172,487
Website: http://www.qsc.de
Address: QSC AG
Mathias-Brüggen Strasse 55,
Cologne,
North Rhine-Westphalia, 50829,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA QSC Ordinary Shares XETRA Trading Platform DE EUR 19. Apr 2000
OTCPK QSCG.F Ordinary Shares Pink Sheets LLC US USD 19. Apr 2000
DB QSC Ordinary Shares Deutsche Boerse AG DE EUR 19. Apr 2000
LSE 0CHZ Ordinary Shares London Stock Exchange GB EUR 19. Apr 2000
BATS-CHIXE QSCD Ordinary Shares BATS 'Chi-X Europe' GB EUR 19. Apr 2000
Number of employees
Current staff
Staff numbers
896
QSC employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 21:06
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/04
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.