‘Defence and technology services’ group QinetiQ (QQ.) has issued a “Q1 Trading Update” headlined “First quarter performance consistent with expectations; record backlog and Defence Investment Plan support outlook”. What does that suggest in terms of upside potential from the valuation at an around 453p share price?
With recently-announced results for its year-ended 31st March 2026 including noting adjusted earnings per share up 21% to 31.5p and dividend per share up 24% to 11p - including 8p to be paid on 20th August with an ex-dividend date of 23rd July - we suggest there is value in shares in this group “playing a critical role in the modernisation of defence platforms and technologies”.
Commissioned researcher Edison has published a post results note on Fully Listed Qinetiq (QQ.) flagging up its massive cash backing and strong cashflows. It argues that the shares, now at 196.5p, are worth 230p.
