Fundamental Analysis of D-WAVE QUANTUM INC(NYSE:QBTS) stock

Fundamental Rating

Overall QBTS gets a fundamental rating of 2 out of 10. We evaluated QBTS against 277 industry peers in the Software industry. QBTS has a bad profitability rating. Also its financial health evaluation is rather negative. QBTS is quite expensive at the moment. It does show a decent growth rate.

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1. Profitability

1.1 Basic Checks

In the past year QBTS has reported negative net income.

In the past year QBTS has reported a negative cash flow from operations.

1.2 Ratios

QBTS has a Return On Assets of -138.75%. This is amonst the worse of the industry: QBTS underperforms 92.70% of its industry peers.

		Industry Rank	Sector Rank
ROA	-138.75%
ROE	N/A
ROIC	N/A

ROA(3y)-142.44%

ROA(5y)N/A

ROE(3y)N/A

ROE(5y)N/A

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

QBTS's Gross Margin of 52.84% is on the low side compared to the rest of the industry. QBTS is outperformed by 64.96% of its industry peers.

In the last couple of years the Gross Margin of QBTS has declined.

QBTS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	52.84%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-13.79%

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

QBTS does not have a ROIC to compare to the WACC, probably because it is not profitable.

The number of shares outstanding for QBTS has been increased compared to 1 year ago.

The debt/assets ratio for QBTS is higher compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of -13.38, we must say that QBTS is in the distress zone and has some risk of bankruptcy.

QBTS's Altman-Z score of -13.38 is on the low side compared to the rest of the industry. QBTS is outperformed by 90.51% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	N/A
Debt/FCF	N/A
Altman-Z	-13.38

ROIC/WACCN/A

WACC8.9%

2.3 Liquidity

QBTS has a Current Ratio of 4.18. This indicates that QBTS is financially healthy and has no problem in meeting its short term obligations.

The Current ratio of QBTS (4.18) is better than 83.58% of its industry peers.

QBTS has a Quick Ratio of 4.00. This indicates that QBTS is financially healthy and has no problem in meeting its short term obligations.

With an excellent Quick ratio value of 4.00, QBTS belongs to the best of the industry, outperforming 82.48% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	4.18
Quick Ratio	4

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The earnings per share for QBTS have decreased strongly by -44.52% in the last year.

Looking at the last year, QBTS shows a very strong growth in Revenue. The Revenue has grown by 21.95%.

QBTS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.28% yearly.

EPS 1Y (TTM)-44.52%

EPS 3YN/A

EPS 5YN/A

EPS growth Q2Q37.5%

Revenue 1Y (TTM)21.95%

Revenue growth 3Y19.28%

Revenue growth 5YN/A

Revenue growth Q2Q21.08%

3.2 Future

Based on estimates for the next years, QBTS will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.62% on average per year.

The Revenue is expected to grow by 65.70% on average over the next years. This is a very strong growth

EPS Next Y40.92%

EPS Next 2Y19.64%

EPS Next 3Y26.86%

EPS Next 5Y16.62%

Revenue Next Year56.84%

Revenue Next 2Y83.41%

Revenue Next 3Y153.73%

Revenue Next 5Y65.7%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

QBTS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

Also next year QBTS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A more expensive valuation may be justified as QBTS's earnings are expected to grow with 26.86% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y19.64%

EPS Next 3Y26.86%

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5. Dividend

5.1 Amount

No dividends for QBTS!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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D-WAVE QUANTUM INC

NYSE:QBTS (5/6/2024, 5:04:36 PM)

After market: 1.45 +0.04 (+2.84%)

1.41

+0.01 (+0.71%)

Chartmill FA Rating

GICS SectorInformation Technology

GICS IndustryGroupSoftware & Services

GICS IndustrySoftware

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap227.97M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

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Avg EPS beat(4)

Min EPS beat(4)

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EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

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Revenue beat(8)

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Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-138.75%
ROE	N/A
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	52.84%
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.15

Health

		Industry Rank	Sector Rank
Debt/Equity	N/A
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	4.18
Quick Ratio	4
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

Growth

EPS 1Y (TTM)-44.52%

EPS 3YN/A

EPS 5Y

EPS growth Q2Q

EPS Next Y40.92%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)21.95%

Revenue growth 3Y19.28%

Revenue growth 5Y

Revenue growth Q2Q

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

D-WAVE QUANTUM INC (QBTS)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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