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Qualstar

Nasdaq:QBAK
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QBAK
Nasdaq
$10M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. The last earnings update was 11 days ago. More info.


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QBAK Share Price and Events
7 Day Returns
-4.6%
NasdaqCM:QBAK
2%
US Tech
0.7%
US Market
1 Year Returns
2.3%
NasdaqCM:QBAK
35.3%
US Tech
13.7%
US Market
QBAK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Qualstar (QBAK) -4.6% -5.5% 18.1% 2.3% 77.5% -28.9%
US Tech 2% 11.9% 25.6% 35.3% 116.8% 102.6%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • QBAK underperformed the Tech industry which returned 35.3% over the past year.
  • QBAK underperformed the Market in United States of America which returned 13.7% over the past year.
Price Volatility
QBAK
Industry
5yr Volatility vs Market

QBAK Value

 Is Qualstar 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 Qualstar 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 Qualstar.

NasdaqCM:QBAK Discounted Cash Flow Data Sources
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 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqCM:QBAK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.168 (1 + (1- 21%) (7.59%))
1.16
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.16 * 5.96%)
9.64%

Discounted Cash Flow Calculation for NasdaqCM:QBAK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Qualstar 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.

NasdaqCM:QBAK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.64%)
2020 0.07 Est @ -65.96% 0.06
2021 0.04 Est @ -45.35% 0.03
2022 0.03 Est @ -30.93% 0.02
2023 0.02 Est @ -20.83% 0.01
2024 0.02 Est @ -13.76% 0.01
2025 0.02 Est @ -8.81% 0.01
2026 0.02 Est @ -5.35% 0.01
2027 0.01 Est @ -2.93% 0.01
2028 0.01 Est @ -1.23% 0.01
2029 0.01 Est @ -0.04% 0.01
Present value of next 10 years cash flows $0.00
NasdaqCM:QBAK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $0.01 × (1 + 2.73%) ÷ (9.64% – 2.73%)
$0.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.21 ÷ (1 + 9.64%)10
$0.09
NasdaqCM:QBAK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.00 + $0.09
$0.09
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.09 / 1.91
$0.04
NasdaqCM:QBAK Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.04
Current discount Discount to share price of $5.29
= -1 x ($5.29 - $0.04) / $0.04
-11730.7%

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

  • The current share price of Qualstar is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Qualstar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Qualstar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:QBAK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.10
NasdaqCM:QBAK Share Price ** NasdaqCM (2019-11-18) in USD $5.29
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 22.21x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

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

** Primary Listing of Qualstar.

NasdaqCM:QBAK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:QBAK Share Price ÷ EPS (both in USD)

= 5.29 ÷ 0.10

53.15x

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

  • Qualstar is overvalued based on earnings compared to the US Tech industry average.
  • Qualstar is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Qualstar's expected growth come at a high price?
Raw Data
NasdaqCM:QBAK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 53.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.5%per year
United States of America Tech Industry PEG Ratio Median Figure of 7 Publicly-Listed Tech Companies 1.18x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Qualstar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Qualstar's assets?
Raw Data
NasdaqCM:QBAK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $3.59
NasdaqCM:QBAK Share Price * NasdaqCM (2019-11-18) in USD $5.29
United States of America Tech Industry PB Ratio Median Figure of 33 Publicly-Listed Tech Companies 1.56x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:QBAK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:QBAK Share Price ÷ Book Value per Share (both in USD)

= 5.29 ÷ 3.59

1.47x

* Primary Listing of Qualstar.

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

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

QBAK Future Performance

 How is Qualstar expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Qualstar, future earnings growth has been estimated based on fundamentals.
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
18.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Qualstar expected to grow at an attractive rate?
  • Qualstar's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Qualstar's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Qualstar's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:QBAK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:QBAK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.5%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:QBAK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:QBAK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 13 0 0
2019-06-30 12 0 1
2019-03-31 12 0 1
2018-12-31 12 0 1
2018-09-30 13 0 2
2018-06-30 12 1 2
2018-03-31 11 1 1
2017-12-31 11 1 1
2017-09-30 10 1 0
2017-06-30 10 1 0
2017-03-31 10 0 -1
2016-12-31 9 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Qualstar's earnings are expected to grow by 18.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Qualstar is high growth as no revenue estimate data is available.
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
NasdaqCM:QBAK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Qualstar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:QBAK Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.10
2019-06-30 0.28
2019-03-31 0.52
2018-12-31 0.73
2018-09-30 1.05
2018-06-30 0.78
2018-03-31 0.57
2017-12-31 0.31
2017-09-30 -0.21
2017-06-30 -0.17
2017-03-31 -0.36
2016-12-31 -0.59

*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 Qualstar will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Qualstar'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Qualstar has a total score of 2/6, 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.

QBAK Past Performance

  How has Qualstar 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 Qualstar's growth in the last year to its industry (Tech).
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.
  • Qualstar has delivered over 20% year on year earnings growth in the past 5 years.
  • Qualstar's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Qualstar's 1-year earnings growth is negative, it can't be compared to the US Tech industry average.
Earnings and Revenue History
Qualstar'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 Qualstar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:QBAK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 12.91 0.20 2.85 0.60
2019-06-30 12.36 0.55 2.78 0.60
2019-03-31 12.15 1.04 3.00 0.50
2018-12-31 12.23 1.49 3.05 0.50
2018-09-30 12.50 2.14 2.87 0.48
2018-06-30 12.10 1.59 3.22 0.49
2018-03-31 11.14 1.17 3.13 0.47
2017-12-31 10.64 0.64 3.06 0.54
2017-09-30 9.69 -0.44 3.14 0.57
2017-06-30 9.60 -0.34 2.65 0.67
2017-03-31 9.71 -0.74 2.79 0.78
2016-12-31 9.42 -1.21 2.82 0.99
2016-09-30 9.79 -1.23 3.26 1.20
2016-06-30 9.44 -2.64 3.76 1.31
2016-03-31 10.32 -2.55 3.92 1.44
2015-12-31 10.98 -2.63 4.31 1.36
2015-09-30 11.90 -2.44 4.35 1.33
2015-06-30 12.90 -1.31 4.56 1.35
2015-03-31 12.40 -1.73 4.96 1.48
2014-12-31 12.16 -3.41 5.18 1.67
2014-09-30 12.07 -3.42 5.04 1.95
2014-06-30 10.94 -5.62 5.98 2.46
2014-03-31 11.07 -8.39 6.93 3.01
2013-12-31 11.47 -9.52 8.18 3.36
2013-09-30 11.38 -10.94 8.77 3.50
2013-06-30 12.64 -10.36 7.91 3.29
2013-03-31 14.05 -9.56 7.23 2.93
2012-12-31 15.71 -6.81 5.90 2.77

*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.
  • Qualstar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Qualstar used its assets less efficiently than the US Tech industry average last year based on Return on Assets.
  • Qualstar 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 Qualstar'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 Tech 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.
Qualstar 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.

QBAK Health

 How is Qualstar'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 Qualstar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Qualstar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Qualstar's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Qualstar'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.
  • Qualstar has no debt, it does not need to be covered by short term assets.
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 Qualstar Company Filings, last reported 1 month ago.

NasdaqCM:QBAK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 6.87 0.00 4.27
2019-06-30 6.94 0.00 4.38
2019-03-31 7.14 0.00 4.67
2018-12-31 7.33 0.00 4.78
2018-09-30 7.40 0.00 4.83
2018-06-30 7.00 0.00 5.55
2018-03-31 6.52 0.00 5.23
2017-12-31 5.90 0.00 4.70
2017-09-30 5.22 0.00 4.66
2017-06-30 4.96 0.00 4.46
2017-03-31 4.90 0.00 3.74
2016-12-31 4.84 0.00 3.69
2016-09-30 5.25 0.00 3.65
2016-06-30 5.30 0.00 3.50
2016-03-31 5.63 0.00 3.75
2015-12-31 6.05 0.00 3.86
2015-09-30 6.47 0.00 4.70
2015-06-30 7.91 0.00 4.70
2015-03-31 8.14 0.00 5.45
2014-12-31 8.61 0.00 5.24
2014-09-30 8.84 0.00 6.72
2014-06-30 9.12 0.00 7.23
2014-03-31 9.79 0.00 7.54
2013-12-31 11.97 0.00 9.27
2013-09-30 12.23 0.00 8.52
2013-06-30 14.75 0.00 8.27
2013-03-31 18.19 0.00 8.51
2012-12-31 21.47 0.00 13.92
  • Qualstar has no debt.
  • Qualstar has not taken on any debt in the past 5 years.
  • Qualstar has no debt, it does not need to be covered by operating cash flow.
  • Qualstar has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Qualstar'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. Qualstar has a total score of 6/6, 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.

QBAK Dividends

 What is Qualstar'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
0%
Current annual income from Qualstar dividends.
If you bought $2,000 of Qualstar shares you are expected to receive $0 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?
  • Unable to evaluate Qualstar's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Qualstar's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqCM:QBAK 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 0 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 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 3.6%

Industry and Market average data is calculated daily.

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

NasdaqCM:QBAK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2011-11-10 0.000 0.000
2011-08-31 0.000 0.000
2011-05-11 0.000 0.000
2011-02-15 0.000 0.000
2011-02-14 0.000 0.000
2010-11-12 0.000 0.000
2010-11-11 0.000 0.000
2010-09-23 0.000 0.000
2010-05-13 0.000 0.000
2009-11-06 1.440 12.024
2009-09-02 1.440 11.515
2009-05-11 1.440 11.372
2009-02-23 1.440 12.632

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

  • Unable to perform a dividend volatility check as Qualstar has not reported any payouts.
  • Unable to verify if Qualstar's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Qualstar's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Qualstar has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Qualstar's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Qualstar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Qualstar has a total score of 0/6, see the detailed checks below.


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

QBAK Management

 What is the CEO of Qualstar'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
Steven Bronson
COMPENSATION $341,516
AGE 54
TENURE AS CEO 6.3 years
CEO Bio

Mr. Steven Nathan Bronson has been the Chairman and Chief Executive Officer of Interlink Electronics, Inc. since July 13, 2010 and its President since March 2011. Mr. Bronson has been Acting Chief Financial Officer of Interlink Electronics, Inc. since August 17, 2018. He serves as Chief Executive Officer of BKF Capital Group, Inc. since September 2008. He serves as the Chairman of BKF Capital Group, Inc. since September 19, 2008. He has been the Chief Executive Officer of Qualstar Corp. since July 3, 2013 and has been its President since January 01, 2016. Mr. Bronson has over 35 years of business and entrepreneurial experience with a strong background in investment banking, operations and management. He has been the Chief Executive Officer and President of Ridgefield Acquisition Corp. since September 1996 and serves as its Principal Financial Officer. He serves as the Chairman, President, Treasurer and Secretary of Bio-Medical NV, a subsidiary of Ridgefield Acquisition Corp. He serves as an Officer of Bio-Medical Automation Inc. Mr. Bronson served as the Chief Financial Officer and Secretary of Interlink Electronics, Inc. since July 7, 2016 until August 24, 2016. He served as the Chief Executive Officer and President at Regional Brands Inc. from September 1998 to May 16, 2016. He has over 26 years of Wall Street experience and securities industry contacts. He Founded Bronson & Co., LLC (Catalyst Financial LLC) in 1996 and served as its President and Chief Executive Officer until November 2014. He served as President of Qualstar Corp since July 3, 2013 until May 15, 2015. He served as Mikron's Chairman and Chief Executive Officer from August 1998 to May 1999. He served as the Interim President and Interim Chief Operating Officer of Interlink Electronics, Inc. until October 25, 2010. He is a successful value investor who has been personally involved in over $300 million in financings, mergers and acquisition transactions for small and middle market companies. He served as the President of BKF Capital Group, Inc. since September 19, 2008. He served as Treasurer of BKF Capital Group Inc. since October 2008. He served as Sole Officer of 4net Software Inc. from September 1998 to August 11, 2000. From 1991 to September 23, 1998, he served as the President of Barber & Bronson Incorporated. He served as Chairman of 4net Software Inc. until April 8, 2016. He served as the Chairman of Ridgefield Acquisition Corp since September 1996. He served as Chairman of the Board of Catalyst Financial LLC until November 2014. He served as the Chairman of Qualstar Corp. since June 30, 2013 until June 27, 2014. He has been a Director of Ridgefield Acquisition Corp. since June 1996 and Qualstar Corp. since June 30, 2013. He is the Owner of Qualstar. He served as a Director of 4net Software Inc. from June 1996 to April 8, 2016. He has been a Director of Bio-Medical NV since March 3, 2003. He has been a Director of Interlink Electronics, Inc. since July 13, 2010. He serves as a Director of Bio-Medical Automation Inc. Mr. Bronson served as a Board Member of NIBA from 1993 to 1996. He serves as a Director of BKF Capital Group, Inc. since September 19, 2008. He is Chairman and President of the BKF Asset Holdings, Inc. Mr. Bronson served on the board of Mikron Infrared Instruments, Inc. from September 1996 to July 2000.

CEO Compensation
  • Steven's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steven's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Steven Bronson

TITLE
President
COMPENSATION
$342K
AGE
54
TENURE
6.3 yrs

Louann Negrete

TITLE
Chief Financial Officer
COMPENSATION
$159K
AGE
59
TENURE
5.9 yrs

Randy Johnson

TITLE
Vice President of Sales - N2Power
COMPENSATION
$101K
AGE
61
Board of Directors Tenure

Average tenure and age of the Qualstar board of directors in years:

5.4
Average Tenure
56.5
Average Age
  • The tenure for the Qualstar board of directors is about average.
Board of Directors

Dave Wolenski

TITLE
Independent Chairman
COMPENSATION
$26K
AGE
58
TENURE
5.4 yrs

Steven Bronson

TITLE
President
COMPENSATION
$342K
AGE
54
TENURE
6.3 yrs

Nick Yarymovych

TITLE
Independent Director
COMPENSATION
$18K
AGE
55
TENURE
5.4 yrs

Leonard Hagan

TITLE
Independent Director
COMPENSATION
$20K
AGE
67
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Sep 19 Buy BKF Asset Management, Inc. Company 20. Sep 19 23. Sep 19 8,285 $6.39 $52,537
17. Sep 19 Buy BKF Asset Management, Inc. Company 22. Aug 19 16. Sep 19 35,167 $6.13 $212,284
09. Sep 19 Buy BKF Asset Management, Inc. Company 05. Sep 19 09. Sep 19 25,340 $5.57 $140,283
04. Sep 19 Buy BKF Asset Management, Inc. Company 29. Aug 19 03. Sep 19 23,930 $5.04 $119,961
28. Aug 19 Buy BKF Asset Management, Inc. Company 26. Aug 19 28. Aug 19 6,996 $4.63 $32,223
23. Aug 19 Buy BKF Asset Management, Inc. Company 21. Aug 19 23. Aug 19 2,068 $4.75 $9,694
20. Aug 19 Buy BKF Asset Management, Inc. Company 16. Aug 19 20. Aug 19 6,500 $4.55 $29,381
04. Jun 19 Buy BKF Asset Management, Inc. Company 31. May 19 31. May 19 3,958 $5.95 $23,535
30. May 19 Buy BKF Asset Management, Inc. Company 28. May 19 30. May 19 9,451 $6.00 $55,990
23. May 19 Buy BKF Asset Management, Inc. Company 21. May 19 23. May 19 1,409 $5.75 $8,067
20. May 19 Buy BKF Asset Management, Inc. Company 16. May 19 20. May 19 17,903 $5.73 $100,680
15. May 19 Buy BKF Asset Management, Inc. Company 13. May 19 15. May 19 19,194 $5.08 $91,977
X
Management checks
We assess Qualstar'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. Qualstar 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.

QBAK News

Simply Wall St News

Are Qualstar Corporation’s (NASDAQ:QBAK) Returns Worth Your While?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Qualstar: 0.094 = US$725k ÷ (US$11m - US$2.9m) (Based on the trailing twelve months to June 2019.) Therefore, Qualstar has an ROCE of 9.4%. … What Are Current Liabilities, And How Do They Affect Qualstar's ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Why Qualstar Corporation's (NASDAQ:QBAK) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for Qualstar How Does Steven Bronson's Compensation Compare With Similar Sized Companies? … According to our data, Qualstar Corporation has a market capitalization of US$9.8m, and pays its CEO total annual compensation worth US$342k.

Simply Wall St -

Does Qualstar Corporation's (NASDAQ:QBAK) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … See our latest analysis for Qualstar How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Qualstar: P/E of 10.81 = $5.58 ÷ $0.52 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Investors Who Bought Qualstar (NASDAQ:QBAK) Shares Three Years Ago Are Now Up 44%

Notably, the Qualstar Corporation (NASDAQ:QBAK) share price has gained 44% in three years, which is better than the average market return. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Qualstar moved from a loss to profitability.

Simply Wall St -

Can We See Significant Institutional Ownership On The Qualstar Corporation (NASDAQ:QBAK) Share Register?

Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … View our latest analysis for Qualstar NasdaqCM:QBAK Ownership Summary, June 10th 2019 What Does The Institutional Ownership Tell Us About Qualstar? … Insider Ownership Of Qualstar While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Should You Be Impressed By Qualstar Corporation's (NASDAQ:QBAK) ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Qualstar: 15% = US$1.0m ÷ US$7.1m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Shareholders' equity can be calculated by subtracting the total liabilities of the company from the total assets of the company. … In the latter case, the debt used for growth will improve returns, but won't affect the total equity.

Simply Wall St -

Does Qualstar Corporation's (NASDAQ:QBAK) CEO Pay Reflect Performance?

In 2013 Steven Bronson was appointed CEO of Qualstar Corporation (NASDAQ:QBAK). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Steven Bronson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do You Know What Qualstar Corporation's (NASDAQ:QBAK) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Qualstar Corporation's (NASDAQ:QBAK) P/E ratio and reflect on what it tells us about the company's share price. … Qualstar has a price to earnings ratio of 7.64, based on the last twelve months.

Simply Wall St -

Why I Like Qualstar Corporation (NASDAQ:QBAK)

I've been keeping an eye on Qualstar Corporation (NASDAQ:QBAK) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe QBAK has a lot to offer. … company with a

Simply Wall St -

Did You Miss Qualstar's 94% Share Price Gain?

For example, the Qualstar Corporation (NASDAQ:QBAK) share price is up 94% in the last three years, clearly besting than the market return of around 41% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … So we would expect a higher share price over the period.

Simply Wall St -

QBAK Company Info

Description

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to convert AC line voltage to DC voltages, or DC voltages to other DC voltages for use in various electronic equipment, such as telecommunications equipment, machine tools, routers, switches, wireless systems and gaming devices. It also designs, manufactures, supports, and sells data storage devices used to store, retrieve, and manage electronic data primarily in network computing environments. The company serves original equipment manufacturers, information technology departments, and lower and middle market companies through distributor and reseller network, distributors, and independent outside sales representatives. Qualstar Corporation was founded in 1984 and is headquartered in Simi Valley, California.

Details
Name: Qualstar Corporation
QBAK
Exchange: NasdaqCM
Founded: 1984
$10,089,363
1,907,252
Website: http://www.qualstar.com
Address: Qualstar Corporation
130 West Cochran Street,
Unit C,
Simi Valley,
California, 93065,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM QBAK Common Stock Nasdaq Capital Market US USD 23. Jun 2000
DB QST1 Common Stock Deutsche Boerse AG DE EUR 23. Jun 2000
Number of employees
Current staff
Staff numbers
19
Qualstar employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 23:43
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/11/07
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.