Qualys, Inc.

Technology
Computer Software: Prepackaged Software
www.qualys.com

Earnings Score
Moat Score

Market Cap $5.69B
PE 33
Debt $NaN
Cash $235.43M
EV $NaN
FCF $222.19M

Earnings

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Sales & Net Margins

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Earnings	$170.31M
EBIT	$203.58M
ROE	38%
ROA	22%
FCF	$222.19M
Equity	$449.60M
Growth Stability	98%
PE	33.43
PEG	1.59
PB	12.66
P/FCF	25.62
P/S	9.6
Price/Cash	0.04
Net Margins	29%
Gross Margins	82%
Op. Margins	34%
Earnings CAGR	28%
Sales Growth YoY	8%
Sales Growth QoQ	3%
Sales CAGR	16%
FCF CAGR	22%
Equity CAGR	8%
Earnings Stability	0.9
Earnings Growth YoY	-1%

Earnings Growth QoQ	6%
Earnings CAGR 5Y	21%
Sales CAGR 5Y	15%
FCF CAGR 5Y	15%
Equity CAGR 5Y	-2%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	15%
Equity CAGR 3Y	1%
Market Cap	$5.69B
Revenue	$592.95M
Assets	$908.32M
Cash	$235.43M
Shares Outstanding	36.64M
Earnings Score	95%
Moat Score	97%
Working Capital	148.08M
Current Ratio	1.38
Gross Profit	$483.38M
Shares Growth 3y	-2%
Equity Growth QoQ	5%
Equity Growth YoY	39%

Assets & ROA

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Stockholders Equity & ROE

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Qualys Inc is a provider of cloud-based security and compliance solutions to enterprises, government entities, and small- and medium-sized businesses. The firm's solutions are delivered through the Qualsys Cloud Platform and provide security intelligence by automating the life cycle of IT asset discovery, security assessment, and compliance management. Its solutions enable customers to collect and analyze large amounts of IT security data, discover and prioritize vulnerabilities, and recommend actions. The company derives revenue from subscriptions to its cloud-based solutions, typically on an annual basis. A large majority of the firm's revenue is generated in the United States.

SEC Filings

Direct access to Qualys, Inc. (QLYS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Qualys, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Qualys, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 28%

Stability 90%

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Qualys, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Qualys, Inc..

Years

Calculation mode

= $10B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$222M	$271M	$329M	$401M	$488M	$595M	$724M	$881M	$1.1B	$1.3B	$1.6B	$16B
DCF		$246M	$272M	$301M	$334M	$369M	$409M	$452M	$501M	$554M	$613M	$6.1B
Value	$10B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	23%	10%	10%	18%	21%	22%	25%	17%	22%	27%	29%
ROA	-	8%	7%	7%	10%	12%	14%	11%	19%	22%	22%
ROE	-	8%	7%	12%	16%	18%	23%	16%	37%	41%	38%

Good Net Margins (28.93%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	98%	100%	100%	98%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (98%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	23%	20%	17%	21%	15%	13%	13%	19%	13%	15%
Earnings YoY growth	-	-48%	21%	110%	42%	21%	32%	-23%	52%	40%	21%
Equity YoY growth	-	29%	32%	33%	4%	8%	5%	8%	-34%	27%	-2%
FCF YoY growth	-	67%	-2%	56%	47%	30%	13%	17%	4%	29%	15%