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Quest Patent Research Corporation, together with its subsidiaries, operates as an intellectual property asset management company in the United States. The last earnings update was 23 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Quest Patent Research (QPRC) | -9% | -26% | -39.3% | 75% | 203.3% | 468.8% |
US Professional Services | -0.4% | 4.1% | -0.6% | 26.8% | 49.7% | 76.4% |
US Market | -0.3% | 2.2% | 5.6% | 18.6% | 36.2% | 52.2% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for Quest Patent Research.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
Discount Rate (Cost of Equity) | See below | 9.3% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 1.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 1.7% |
Equity Risk Premium | S&P Global | 5.4% |
Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.83 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.827 (1 + (1- 21%) (114.18%)) |
1.384 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.38 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.384 * 5.44%) |
9.27% |
Discounted Cash Flow Calculation for OTCPK:QPRC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Quest Patent Research 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.
Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.27%) |
|
---|---|---|---|
2020 | 0.61 | Est @ 56.65% | 0.56 |
2021 | 0.85 | Est @ 40.18% | 0.71 |
2022 | 1.09 | Est @ 28.64% | 0.84 |
2023 | 1.32 | Est @ 20.57% | 0.93 |
2024 | 1.52 | Est @ 14.92% | 0.97 |
2025 | 1.68 | Est @ 10.97% | 0.99 |
2026 | 1.82 | Est @ 8.2% | 0.98 |
2027 | 1.93 | Est @ 6.26% | 0.95 |
2028 | 2.03 | Est @ 4.91% | 0.91 |
2029 | 2.11 | Est @ 3.96% | 0.87 |
Present value of next 10 years cash flows | $8.00 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $2.11 × (1 + 1.74%) ÷ (9.27% – 1.74%) |
$28.52 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $28.52 ÷ (1 + 9.27%)10 |
$11.75 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $8.00 + $11.75 |
$19.75 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $19.75 / 383.04 |
$0.05 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $0.05 |
Current discount | Discount to share price of
$0.01
= -1 x ($0.01 - $0.05) / $0.05 |
82.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2019-09-30) in USD | $-0.01 |
OTCPK:QPRC Share Price ** | OTCPK (2019-12-06) in USD | $0.01 |
United States of America Professional Services Industry PE Ratio | Median Figure of 37 Publicly-Listed Professional Services Companies | 19.82x |
United States of America Market PE Ratio | Median Figure of 2,924 Publicly-Listed Companies | 18.48x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Quest Patent Research.
Calculation | Outcome | |
---|---|---|
PE Ratio | = OTCPK:QPRC Share Price ÷ EPS (both in USD) = 0.01 ÷ -0.01 |
-1.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | -1.72x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
United States of America Professional Services Industry PEG Ratio | Median Figure of 31 Publicly-Listed Professional Services Companies | 1.98x |
United States of America Market PEG Ratio | Median Figure of 2,045 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2019-09-30) in USD | $-0.01 |
OTCPK:QPRC Share Price * | OTCPK (2019-12-06) in USD | $0.01 |
United States of America Professional Services Industry PB Ratio | Median Figure of 59 Publicly-Listed Professional Services Companies | 2.7x |
United States of America Market PB Ratio | Median Figure of 5,088 Publicly-Listed Companies | 1.78x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = OTCPK:QPRC Share Price ÷ Book Value per Share (both in USD) = 0.01 ÷ -0.01 |
-0.61x |
* Primary Listing of Quest Patent Research.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Quest Patent Research has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Data Point | Source | Value (per year) |
---|---|---|
United States of America Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 32.5% |
United States of America Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 6.5% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*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.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (2 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2019-09-30 | 2 | 0 | -2 |
2019-06-30 | 1 | 0 | -2 |
2019-03-31 | 7 | 0 | -2 |
2018-12-31 | 7 | 0 | -2 |
2018-09-30 | 7 | 0 | -2 |
2018-06-30 | 8 | 0 | -1 |
2018-03-31 | 2 | 0 | -1 |
2017-12-31 | 1 | 0 | -1 |
2017-09-30 | 1 | 0 | -1 |
2017-06-30 | 1 | 0 | -1 |
2017-03-31 | 1 | 0 | -1 |
2016-12-31 | 1 | 0 | -1 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (2 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Quest Patent Research Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * |
---|---|
2019-09-30 | -0.01 |
2019-06-30 | -0.01 |
2019-03-31 | -0.01 |
2018-12-31 | -0.01 |
2018-09-30 | 0.00 |
2018-06-30 | 0.00 |
2018-03-31 | 0.00 |
2017-12-31 | 0.00 |
2017-09-30 | 0.00 |
2017-06-30 | 0.00 |
2017-03-31 | 0.00 |
2016-12-31 | 0.00 |
*GAAP earnings excluding extraordinary items.
How has Quest Patent Research performed over the past 5 years?
All data from Quest Patent Research Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2019-09-30 | 2.03 | -2.02 | 1.15 | |
2019-06-30 | 1.39 | -2.32 | 1.06 | |
2019-03-31 | 6.59 | -2.20 | 0.98 | |
2018-12-31 | 7.07 | -2.11 | 0.96 | |
2018-09-30 | 7.07 | -1.73 | 1.08 | |
2018-06-30 | 7.64 | -1.43 | 1.07 | |
2018-03-31 | 2.07 | -1.36 | 1.04 | |
2017-12-31 | 1.23 | -1.17 | 0.94 | |
2017-09-30 | 1.30 | -0.86 | 0.77 | |
2017-06-30 | 1.43 | -0.72 | 0.76 | |
2017-03-31 | 1.12 | -0.85 | 0.68 | |
2016-12-31 | 1.26 | -0.96 | 0.77 | |
2016-09-30 | 1.37 | -0.95 | 0.77 | |
2016-06-30 | 0.81 | -0.99 | 0.69 | |
2016-03-31 | 0.54 | -0.63 | 0.66 | |
2015-12-31 | 0.50 | -0.33 | 0.56 | |
2015-09-30 | 0.67 | -0.11 | 0.49 | |
2015-06-30 | 0.85 | -0.12 | 0.59 | |
2015-03-31 | 0.85 | -0.23 | 0.70 | |
2014-12-31 | 0.94 | -0.16 | 0.71 | |
2014-09-30 | 0.61 | -0.46 | 0.86 | |
2014-06-30 | 0.29 | -0.62 | 0.86 | |
2014-03-31 | 0.28 | -0.65 | 0.88 | |
2013-12-31 | 0.07 | -0.87 | 0.90 | |
2013-09-30 | 0.08 | -0.83 | 0.87 | |
2013-06-30 | 0.21 | -0.71 | 0.84 | |
2013-03-31 | 0.17 | -0.75 | 0.82 | |
2012-12-31 | 0.26 | -0.64 | 0.80 |
*GAAP earnings excluding extraordinary items.
How is Quest Patent Research's financial health and their level of debt?
All data from Quest Patent Research Company Filings, last reported 2 months ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2019-09-30 | -5.72 | 4.59 | 0.34 |
2019-06-30 | -5.58 | 4.54 | 0.42 |
2019-03-31 | -5.08 | 4.50 | 0.12 |
2018-12-31 | -4.54 | 4.46 | 0.17 |
2018-09-30 | -3.70 | 4.02 | 0.04 |
2018-06-30 | -3.26 | 3.86 | 0.02 |
2018-03-31 | -2.88 | 3.70 | 0.02 |
2017-12-31 | -2.43 | 3.67 | 0.17 |
2017-09-30 | -2.04 | 2.26 | 0.14 |
2017-06-30 | -1.91 | 2.21 | 0.01 |
2017-03-31 | -1.60 | 2.19 | 0.07 |
2016-12-31 | -1.34 | 2.16 | 0.21 |
2016-09-30 | -0.99 | 2.02 | 0.16 |
2016-06-30 | -0.98 | 0.84 | 0.09 |
2016-03-31 | -0.55 | 0.80 | 0.24 |
2015-12-31 | -0.18 | 0.73 | 0.33 |
2015-09-30 | -0.48 | 0.16 | 0.01 |
2015-06-30 | -0.43 | 0.16 | 0.01 |
2015-03-31 | -0.36 | 0.16 | 0.05 |
2014-12-31 | -0.35 | 0.16 | 0.09 |
2014-09-30 | -4.60 | 0.22 | 0.05 |
2014-06-30 | -4.54 | 0.22 | 0.05 |
2014-03-31 | -4.35 | 0.22 | 0.12 |
2013-12-31 | -4.35 | 0.22 | 0.01 |
2013-09-30 | -4.12 | 0.22 | 0.00 |
2013-06-30 | -3.90 | 0.22 | 0.01 |
2013-03-31 | -3.71 | 0.22 | 0.00 |
2012-12-31 | -3.50 | 0.22 | 0.02 |
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
What is Quest Patent Research's current dividend yield, its reliability and sustainability?
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 0 Analyst Estimates (S&P Global) | See Below |
United States of America Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 1.1% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1959 Stocks | 2.3% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Jon C. Scahill has been Chief Executive Officer of Quest Patent Research Corporation since January 2014 and has been its Secretary since April 2014. Mr. Scahill has been President at Quest Patent Research Corporation since January 2014. and serves as its Acting Chief Financial Officer. He served as President of Quest Patent Research Corporation (formerly Quest Products Corp.), since May 2007 until December 2013. Mr. Scahill served as President and Chief Executive Officer of Urban-Rigney Group, LLC. He served as Chief Operating Officer of Quest Products Corp., since May 2007 until December 2013. He has been a Director of Quest Patent Research Corporation since June 26, 2007. He holds an Engineering Degree and a Masters Degree in Business Administration from the University of Rochester.
Quest Patent Research Corporation, together with its subsidiaries, operates as an intellectual property asset management company in the United States. The company operates in two segments, Intellectual Property Licensing and Licensed Packaging Sales. It engages in the development, acquisition, licensing, and enforcement of intellectual property rights. The company owns, controls, or manages 11 intellectual property portfolios, which principally consist of patent rights. Quest Patent Research Corporation was incorporated in 1986 and is based in Rye, New York.
Name: | Quest Patent Research Corporation |
QPRC | |
Exchange: | OTCPK |
Founded: | 1986 |
$4,021,902 | |
383,038,334 | |
Website: | http://www.qprc.com |
Address: |
Quest Patent Research Corporation 411 Theodore Fremd Avenue, Suite 206S, Rye, New York, 10580, United States |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
OTCPK | QPRC | Common Stock | Pink Sheets LLC | US | USD | 02. Aug 1994 |
Research and Consulting Services | |
Commercial Services |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/12/07 23:41 |
End of day share price update: | 2019/12/06 00:00 |
Last earnings filing: | 2019/11/14 |
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.