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QinetiQ Group plcLSE:QQ. Stock Report

Market Cap UK£2.6b
Share Price
UK£5.04
UK£6.35
20.7% undervalued intrinsic discount
1Y1.3%
7D5.6%
1D
Portfolio Value
View

QinetiQ Group plc

LSE:QQ. Stock Report

Market Cap: UK£2.6b

QinetiQ Group (QQ.) Stock Overview

Provides science and technology solution in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. More details

QQ. fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends4/6

QQ. Community Fair Values

Create Narrative

See what 164 others think this stock is worth. Follow their fair value or set your own to get alerts.

QinetiQ Group plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for QinetiQ Group
Historical stock prices
Current Share PriceUK£5.04
52 Week HighUK£5.80
52 Week LowUK£3.98
Beta0.31
1 Month Change13.71%
3 Month Change-1.95%
1 Year Change1.27%
3 Year Change41.04%
5 Year Change42.07%
Change since IPO136.39%

Recent News & Updates

Analysis Article May 28

We Like QinetiQ Group's (LON:QQ.) Earnings For More Than Just Statutory Profit

Shareholders appeared to be happy with QinetiQ Group plc's ( LON:QQ. ) solid earnings report last week. According to...
Narrative Update May 02

QQ.: Higher Margin Outlook Will Support Repriced Shares

Analysts have maintained their fair value estimate for QinetiQ Group at £6.35. The updated price target reflects a slightly higher discount rate, a lower assumed revenue growth rate, a higher projected profit margin and a lower future P/E multiple.
Narrative Update Apr 16

QQ.: Contract Execution And Funding Shifts Will Restrain Upside Despite Higher 565 GBp Assumptions

Analysts have increased their QinetiQ Group price target by £0.50, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E that refine their view of the company’s valuation profile. Analyst Commentary While the higher price target reflects updated modelling of discount rates, revenue assumptions and P/E, not all commentary is positive.

Recent updates

Analysis Article May 28

We Like QinetiQ Group's (LON:QQ.) Earnings For More Than Just Statutory Profit

Shareholders appeared to be happy with QinetiQ Group plc's ( LON:QQ. ) solid earnings report last week. According to...
Narrative Update May 02

QQ.: Higher Margin Outlook Will Support Repriced Shares

Analysts have maintained their fair value estimate for QinetiQ Group at £6.35. The updated price target reflects a slightly higher discount rate, a lower assumed revenue growth rate, a higher projected profit margin and a lower future P/E multiple.
Narrative Update Apr 16

QQ.: Contract Execution And Funding Shifts Will Restrain Upside Despite Higher 565 GBp Assumptions

Analysts have increased their QinetiQ Group price target by £0.50, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E that refine their view of the company’s valuation profile. Analyst Commentary While the higher price target reflects updated modelling of discount rates, revenue assumptions and P/E, not all commentary is positive.
Narrative Update Apr 01

QQ.: Contract Execution Risk Will Cap Returns Despite Raised 565 GBp Assumptions

QinetiQ Group’s analyst price target has increased to £5.65, with recent upward revisions from banks reflecting analysts’ updated views on its risk profile, revenue trajectory, margins and P/E assumptions. Analyst Commentary Recent research updates point to a more cautious tone around QinetiQ Group, even where headline price targets are higher.
Narrative Update Mar 18

QQ.: Execution Risk On Contracts Will Limit Returns Despite Higher Price Assumptions

QinetiQ Group’s analyst price targets have moved higher, with recent Street research citing refined assumptions on discount rates, revenue growth, profit margins and future P/E as key reasons for raising fair value estimates. This includes price target increases of £0.25 and £0.50 per share from major banks.
Narrative Update Mar 04

QQ.: Higher Discount Rate And Execution Risk Will Constrain Future Share Returns

Analysts have lifted their price targets on QinetiQ Group to about £5.65 per share, up from around £5.40. They cite updated assumptions on revenue growth, profit margins, a slightly higher discount rate, and a modestly lower future P/E multiple.
Narrative Update Feb 18

QQ.: Raised EPS Guidance And Order Execution Will Support Repriced Shares

QinetiQ Group’s updated analyst price targets, now clustering around £4.90 to £5.65 per share, reflect a mix of higher fair value assumptions and revised discount rates as analysts weigh stronger revenue and margin expectations against more moderate future P/E multiples. Analyst Commentary Recent Street research leans constructive on QinetiQ Group, with several bullish analysts lifting price targets into the £5.20 to £5.65 range and framing the current set up as supported by both execution and valuation arguments.
Narrative Update Feb 04

QQ.: Dividend And Buyback Support Will Drive Future Share Upside

Analysts have trimmed their overall fair value estimate for QinetiQ Group to £5.49 from £5.55. This reflects updated assumptions around a slightly lower revenue growth outlook, a small improvement in profit margins, a modestly lower discount rate and a marginally reduced future P/E, in the context of recent price target revisions across the Street.
Narrative Update Jan 21

QQ.: Execution And Dividend Policy Will Limit Share Returns Despite Guidance

QinetiQ Group's analyst fair value has been trimmed slightly to £4.29 from £4.32, as analysts factor in updated long term assumptions. Street price targets have shifted in a tight range, with some houses raising targets to £5.65 and others easing them to around £4.90 to £5.50.
Narrative Update Jan 06

QQ.: Dividend Policy And Delivery Risks Will Constrain Share Upside

Analysts have lowered their average price targets on QinetiQ Group to a range of about £4.90 to £5.50 per share. This reflects recent target reductions alongside an upgrade to Buy that points to valuation support following the latest share price pullback.
Narrative Update Dec 15

QQ.: Dividend Policy And Execution Risks Will Shape Near-Term Share Performance

QinetiQ Group's analyst price target has edged lower, with a modest recalibration of fair value to about £4.32 per share. Analysts are weighing softer target cuts from several brokers against improving revenue growth and profit margin assumptions, partly offset by a slightly lower future P/E multiple.
Narrative Update Nov 30

QQ.: Dividend Momentum And Entry Point Will Support Share Upside

Analysts have slightly reduced their price targets for QinetiQ Group. Recent research cites valuation adjustments and moderate expectations for near-term upside as the main factors behind the downward revision of a few pence per share.
Analysis Article Nov 30

QinetiQ Group (LON:QQ.) Is Due To Pay A Dividend Of £0.03

The board of QinetiQ Group plc ( LON:QQ. ) has announced that it will pay a dividend on the 6th of February, with...
Narrative Update Nov 16

QQ.: Revenue Momentum and Dividends Will Drive Shares Higher

Narrative Update on QinetiQ Group Analysts have revised their price target for QinetiQ Group upward from £5.53 to £5.57. This change is attributed to improved revenue growth and profit margin expectations.
Analysis Article Nov 16

QinetiQ Group's (LON:QQ.) Dividend Will Be £0.03

QinetiQ Group plc ( LON:QQ. ) will pay a dividend of £0.03 on the 6th of February. Based on this payment, the dividend...
Narrative Update Nov 01

QQ.: Future Performance To Stay Stable Amid Limited Near-Term Upside

Analysts have lowered their outlook on QinetiQ Group and are maintaining the price target at £5.30 per share as they see limited short-term upside, despite stable company fundamentals. Analyst Commentary Bullish Takeaways Analysts acknowledge that QinetiQ's long-term fundamentals remain stable, which could provide a base for future growth opportunities.
Narrative Update Oct 17

Defense Contracts And DragonFire Laser To Propel Growth Under Martin Cooper's Leadership

Narrative Update on QinetiQ Group Analysts have modestly increased their price target for QinetiQ Group, raising it from £5.39 to £5.53 per share. They cite tempered near-term expectations along with steady long-term fundamentals.
Analysis Article Oct 13

QinetiQ Group (LON:QQ.) Has Some Way To Go To Become A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article Jul 17

QinetiQ Group (LON:QQ.) Will Pay A Larger Dividend Than Last Year At £0.0605

The board of QinetiQ Group plc ( LON:QQ. ) has announced that it will be paying its dividend of £0.0605 on the 21st of...
Analysis Article Jul 10

Shareholders May Not Be So Generous With QinetiQ Group plc's (LON:QQ.) CEO Compensation And Here's Why

Key Insights QinetiQ Group to hold its Annual General Meeting on 17th of July CEO Steve Wadey's total compensation...
Analysis Article Jun 11

QinetiQ Group (LON:QQ.) Is Increasing Its Dividend To £0.0605

QinetiQ Group plc ( LON:QQ. ) has announced that it will be increasing its dividend from last year's comparable payment...
Analysis Article May 29

QinetiQ Group plc's (LON:QQ.) Shares Climb 30% But Its Business Is Yet to Catch Up

QinetiQ Group plc ( LON:QQ. ) shareholders would be excited to see that the share price has had a great month, posting...
Analysis Article May 25

QinetiQ Group's (LON:QQ.) Upcoming Dividend Will Be Larger Than Last Year's

QinetiQ Group plc's ( LON:QQ. ) dividend will be increasing from last year's payment of the same period to £0.0605 on...
Analysis Article Apr 06

QinetiQ Group plc's (LON:QQ.) Popularity With Investors Under Threat As Stock Sinks 27%

QinetiQ Group plc ( LON:QQ. ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article Mar 15

Is Now The Time To Put QinetiQ Group (LON:QQ.) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Feb 28

Does QinetiQ Group (LON:QQ.) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Feb 10

Earnings Tell The Story For QinetiQ Group plc (LON:QQ.)

With a median price-to-earnings (or "P/E") ratio of close to 16x in the United Kingdom, you could be forgiven for...
Analysis Article Jan 10

QinetiQ Group (LON:QQ.) Is Experiencing Growth In Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
User avatar
New Narrative Dec 30

Defense Contracts And DragonFire Laser To Propel Growth Under Martin Cooper's Leadership

The strategic focus on international defense contracts and partnerships showcases QinetiQ's strong revenue visibility and potential market expansion.
Analysis Article Nov 17

QinetiQ Group (LON:QQ.) Is Due To Pay A Dividend Of £0.028

The board of QinetiQ Group plc ( LON:QQ. ) has announced that it will pay a dividend of £0.028 per share on the 7th of...
Analysis Article Nov 12

Is There An Opportunity With QinetiQ Group plc's (LON:QQ.) 46% Undervaluation?

Key Insights QinetiQ Group's estimated fair value is UK£8.76 based on 2 Stage Free Cash Flow to Equity QinetiQ Group is...
Analysis Article Sep 30

Getting In Cheap On QinetiQ Group plc (LON:QQ.) Is Unlikely

It's not a stretch to say that QinetiQ Group plc's ( LON:QQ. ) price-to-earnings (or "P/E") ratio of 18.2x right now...
Analysis Article Sep 11

Is QinetiQ Group (LON:QQ.) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 06

Is QinetiQ Group plc (LON:QQ.) Trading At A 49% Discount?

Key Insights The projected fair value for QinetiQ Group is UK£8.94 based on 2 Stage Free Cash Flow to Equity QinetiQ...
Analysis Article Jul 19

QinetiQ Group's (LON:QQ.) Upcoming Dividend Will Be Larger Than Last Year's

QinetiQ Group plc ( LON:QQ. ) will increase its dividend on the 22nd of August to £0.0565, which is 6.6% higher than...
Analysis Article Jun 14

QinetiQ Group (LON:QQ.) Will Pay A Larger Dividend Than Last Year At £0.0565

QinetiQ Group plc ( LON:QQ. ) will increase its dividend on the 22nd of August to £0.0565, which is 6.6% higher than...
Analysis Article Jun 01

QinetiQ Group plc (LON:QQ.) Looks Just Right With A 28% Price Jump

QinetiQ Group plc ( LON:QQ. ) shareholders would be excited to see that the share price has had a great month, posting...
Analysis Article May 26

These 4 Measures Indicate That QinetiQ Group (LON:QQ.) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Apr 30

QinetiQ Group plc (LON:QQ.) Shares Could Be 45% Below Their Intrinsic Value Estimate

Key Insights QinetiQ Group's estimated fair value is UK£6.43 based on 2 Stage Free Cash Flow to Equity QinetiQ Group is...
Analysis Article Mar 06

QinetiQ Group plc's (LON:QQ.) P/E Is On The Mark

QinetiQ Group plc's ( LON:QQ. ) price-to-earnings (or "P/E") ratio of 20x might make it look like a sell right now...
Analysis Article Feb 19

QinetiQ Group (LON:QQ.) Could Be Struggling To Allocate Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jan 18

Are Investors Undervaluing QinetiQ Group plc (LON:QQ.) By 49%?

Key Insights QinetiQ Group's estimated fair value is UK£6.51 based on 2 Stage Free Cash Flow to Equity QinetiQ Group's...

Shareholder Returns

QQ.GB Aerospace & DefenseGB Market
7D5.6%4.6%-0.3%
1Y1.3%30.9%18.3%

Return vs Industry: QQ. underperformed the UK Aerospace & Defense industry which returned 30.9% over the past year.

Return vs Market: QQ. underperformed the UK Market which returned 18.3% over the past year.

Price Volatility

Is QQ.'s price volatile compared to industry and market?
QQ. volatility
QQ. Average Weekly Movement4.9%
Aerospace & Defense Industry Average Movement5.6%
Market Average Movement5.7%
10% most volatile stocks in GB Market11.9%
10% least volatile stocks in GB Market3.2%

Stable Share Price: QQ. has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: QQ.'s weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20017,500Steve Wadeywww.qinetiq.com

QinetiQ Group plc provides science and technology solution in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and emerging technologies; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.

QinetiQ Group plc Fundamentals Summary

How do QinetiQ Group's earnings and revenue compare to its market cap?
QQ. fundamental statistics
Market capUK£2.62b
Earnings (TTM)UK£107.50m
Revenue (TTM)UK£1.92b
24.4x
P/E Ratio
1.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
QQ. income statement (TTM)
RevenueUK£1.92b
Cost of RevenueUK£1.61b
Gross ProfitUK£313.60m
Other ExpensesUK£206.10m
EarningsUK£107.50m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin16.31%
Net Profit Margin5.59%
Debt/Equity Ratio60.5%

How did QQ. perform over the long term?

See historical performance and comparison

Dividends

2.2%
Current Dividend Yield
55%
Payout Ratio

Does QQ. pay a reliable dividends?

See QQ. dividend history and benchmarks
When do you need to buy QQ. by to receive an upcoming dividend?
QinetiQ Group dividend dates
Ex Dividend DateJul 23 2026
Dividend Pay DateAug 20 2026
Days until Ex dividend52 days
Days until Dividend pay date80 days

Does QQ. pay a reliable dividends?

See QQ. dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 22:21
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

QinetiQ Group plc is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph CampbellBarclays
Milene KernerBarclays
George McwhirterBerenberg