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Q NYSE

Qnity Electronics, Inc.
1W: +0.4% 1M: -4.9% 3M: -3.7% YTD: +39.9%
$118.75
+4.68 (+4.10%)
 
Weekly Expected Move ±6.2%
$96 $103 $110 $117 $124
NYSE · Technology · Semiconductors · Tech Score Sell · Power 45 · $24.8B mcap · 209M float · 0.883% daily turnover · Short 34% of daily vol
Credit Risk of going bust: higher than 52% of companies Debt: 13.9% of company value Bonds: $239.1M held by 298 funds, 146 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.12 (down 98%), Qnity Electronics, Inc. would be worth roughly what it owes.
Total debt $4.02B against a stock market value of $24.84B.
Distance to default 4.89 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.02B (short-term plus half of long-term), stock volatility 55.0%; Altman Z 2.95. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE
54.5 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: 5.3%
Cost Advantage ★
72
Intangibles
47
Switching Cost
64
Network Effect
27
Scale
55
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. Q shows a Weak competitive edge (54.5/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 5.3% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$160
Low
$175
Avg Target
$211
High
Based on 4 analysts since Aug 4, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 4Hold: 0Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$175.25
Analysts4
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-10-15 RBC Capital Arun Viswanathan $189 $160 -29 +36.4% $117.34
2026-10-14 Truist Financial Peter Osterland Initiated $170 — +38.3% $122.95
2026-10-12 Barclays Aleksey Yefremov Initiated $211 — +71.3% $123.21
2026-10-01 Mizuho Securities — $180 $160 -20 +27.3% $125.72
2026-07-14 RBC Capital — $200 $189 -11 +34.1% $140.98
2026-07-06 BMO Capital Bhavesh Lodaya $180 $185 +5 +30.5% $141.75
2026-07-01 Mizuho Securities — $170 $180 +10 +10.2% $163.40
2026-05-13 RBC Capital Arun Viswanathan $150 $200 +50 +20.8% $165.62
2026-05-13 Goldman Sachs — $110 $165 +55 +0.3% $164.55
2026-05-13 BMO Capital — $109 $180 +71 +6.9% $168.36
2026-05-13 Mizuho Securities — $150 $170 +20 +1.0% $168.36
2026-05-13 Deutsche Bank — $170 $180 +10 +6.9% $168.36
2026-05-07 Deutsche Bank Melissa Weathers $126 $170 +44 +16.1% $146.48
2026-04-24 RBC Capital — $133 $150 +17 +4.5% $143.50
2026-04-08 Mizuho Securities John Roberts $120 $150 +30 +16.0% $129.34
2026-02-26 Wolfe Research Chris Parkinson Initiated $134 — +7.4% $124.78
2026-02-25 RBC Capital — $118 $133 +15 +11.6% $119.22
2026-02-23 Mizuho Securities — $100 $120 +20 +5.8% $113.46
2026-02-20 Deutsche Bank Melissa Weathers $92 $126 +34 +11.6% $112.86
2026-01-21 RBC Capital — $110 $118 +8 +19.8% $98.53
2025-12-16 Oppenheimer — Initiated $100 — +30.5% $76.63
2025-11-25 RBC Capital — $120 $110 -10 +42.9% $76.95
2025-11-24 Deutsche Bank — Initiated $92 — +21.4% $75.80
2025-11-20 Mizuho Securities — Initiated $100 — +27.5% $78.44
2025-11-03 New Street — Initiated $110 — +6.3% $103.48
2025-11-03 Fermium Research Frank Mitsch Initiated $105 — +1.5% $103.48
2025-10-29 RBC Capital — Initiated $120 — +16.0% $103.48
2025-10-29 KeyBanc — Initiated $117 — +13.1% $103.48
2025-10-28 BMO Capital — Initiated $109 — +5.3% $103.48
2025-10-28 Goldman Sachs James Schneider Initiated $110 — +6.3% $103.48

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+
Oct 27, 2026
DCF
2
ROE
3
ROA
3
D/E
2
P/E
1
P/B
2
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. Q receives an overall rating of C+. Areas of concern: DCF (2/5), D/E (2/5), P/E (1/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-12 B- C+
2026-08-04 B B-
2026-05-14 B+ B
2026-05-04 B B+
2026-04-24 B- B
2026-04-08 B B-
2026-04-01 B+ B
2026-03-02 C- B+
2026-02-27 B+ C-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 54 Grade B
Profitability
39
Balance Sheet
56
Earnings Quality
68
Growth
—
Value
43
Momentum
—
Safety
90
Cash Flow
58
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. Q scores highest in Safety (90/100) and lowest in Profitability (39/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
3.64
Safe Zone
Piotroski F-Score
4/9
✓ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗
Beneish M-Score
—
—
Ohlson O-Score
-8.91
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
BBB+
Score: 64.2/100
Earnings Quality
100/100
OCF/NI: 2.31x
Accruals: -3.4%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. Q scores 3.64, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. Q scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. Q's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. Q receives an estimated rating of BBB+ (score: 64.2/100). The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). Q's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
42.41x
PEG
0.79x
P/S
4.77x
P/B
3.43x
P/FCF
58.81x
P/OCF
39.61x
EV/EBITDA
34.96x
EV/Revenue
9.51x
EV/EBIT
48.01x
EV/FCF
64.05x
Earnings Yield
1.09%
FCF Yield
1.70%
Shareholder Yield
0.28%
Graham Number
$37.22
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 42.4x earnings, Q is priced for high growth expectations. Graham's intrinsic value formula yields $37.22 per share, 219% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.619
NI / EBT
×
Interest Burden
0.778
EBT / EBIT
×
EBIT Margin
0.198
EBIT / Rev
×
Asset Turnover
0.275
Rev / Assets
×
Equity Multiplier
1.974
Assets / Equity
=
ROE
5.2%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. Q's ROE of 5.2% is driven by Asset Turnover (0.275), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
$15.16
Price/Value
10.77x
Margin of Safety
-977.46%
Premium
977.46%
Assessment
Overvalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with Q's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. Q trades at a 977% premium to its adjusted intrinsic value of $15.16, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 42.4x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 252 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$118.80
Median 1Y
$127.59
5th Pctile
$52.32
95th Pctile
$313.17
Ann. Volatility
55.0%
Analyst Target
$175.25
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Jon Kemp
Chief Executive Officer
$808,333 $12,553,872 $20,646,678
Matthew Harbaugh Financial
ief Financial Officer
$466,667 $3,466,198 $6,264,870
Chuck Xu President,
Interconnect Solutions
$496,185 $2,388,518 $4,825,077
Peter Hennessey Counsel
Counsel
$441,667 $1,630,350 $3,341,485
Kathleen Fortebuono People
People Officer
$422,500 $1,111,053 $2,456,898

CEO Pay Ratio

754:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $20,646,678
Avg Employee Cost (SGA/emp): $27,400
Employees: 10,000

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
10,000
Revenue / Employee
$475,400
Rev: $4,754,000,000
Profit / Employee
$69,200
NI: $692,000,000
SGA / Employee
$27,400
Avg labor cost proxy
R&D / Employee
$22,200
Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q4'25 Q1'26 Q2'26 Current
ROE 1.4% 3.5% 5.2% 5.16%
ROA 0.7% 1.8% 2.6% 2.62%
ROIC 1.2% 3.5% 5.3% 5.31%
ROCE 1.9% 4.1% 6.0% 6.04%
Gross Margin 41.8% 43.0% 46.6% 46.61%
Operating Margin 20.3% 22.7% 19.3% 19.31%
Net Margin 8.4% 11.5% 8.7% 8.68%
EBITDA Margin 28.2% 28.7% 25.0% 24.98%
FCF Margin 35.3% 17.3% 14.8% 14.84%
OCF Margin 41.3% 25.0% 22.0% 22.04%
ROIC Economic snapshot only 4.89%
Cash ROA snapshot only 6.05%
Cash ROIC snapshot only 8.40%
CROIC snapshot only 5.66%
NOPAT Margin snapshot only 13.93%
Pretax Margin snapshot only 15.40%
R&D / Revenue snapshot only 7.17%
SGA / Revenue snapshot only 13.73%
SBC / Revenue snapshot only 0.64%
Valuation
Metric Trend Q4'25 Q1'26 Q2'26 Current
P/E Ratio 171.04 96.67 91.58 42.411
P/S Ratio 14.37 9.69 8.73 4.768
P/B Ratio 2.41 3.38 4.73 3.428
P/FCF 40.72 56.04 58.81 58.808
P/OCF 34.83 38.76 39.61 39.613
EV/EBITDA 63.00 38.47 34.96 34.956
EV/Revenue 17.79 10.95 9.51 9.508
EV/EBIT 88.20 52.85 48.01 48.014
EV/FCF 50.40 63.35 64.05 64.046
Earnings Yield 0.6% 1.0% 1.1% 1.09%
FCF Yield 2.5% 1.8% 1.7% 1.70%
PEG Ratio snapshot only 0.788
EV/OCF snapshot only 43.141
EV/Gross Profit snapshot only 21.620
Acquirers Multiple snapshot only 45.837
Shareholder Yield snapshot only 0.28%
Graham Number snapshot only $37.22
Leverage & Solvency
Metric Trend Q4'25 Q1'26 Q2'26 Current
Current Ratio 1.95 2.12 2.01 2.008
Quick Ratio 1.46 1.57 1.50 1.502
Debt/Equity 0.70 0.56 0.55 0.554
Net Debt/Equity 0.57 0.44 0.42 0.421
Debt/Assets 0.35 0.29 0.28 0.281
Debt/EBITDA 14.82 5.64 3.76 3.757
Net Debt/EBITDA 12.10 4.44 2.86 2.859
Interest Coverage 4.71 4.63 4.50 4.503
Equity Multiplier 1.98 1.96 1.97 1.974
Cash Ratio snapshot only 0.666
Debt Service Coverage snapshot only 6.185
Cash to Debt snapshot only 0.239
FCF to Debt snapshot only 0.145
Defensive Interval snapshot only 838.2 days
Efficiency & Turnover
Metric Trend Q4'25 Q1'26 Q2'26 Current
Asset Turnover 0.08 0.18 0.27 0.275
Inventory Turnover 1.05 2.07 3.02 3.019
Receivables Turnover 1.20 2.41 3.46 3.457
Payables Turnover 1.02 2.06 2.79 2.790
DSO 304 151 106 105.6 days
DIO 349 176 121 120.9 days
DPO 359 177 131 130.8 days
Cash Conversion Cycle 294 151 96 95.6 days
Fixed Asset Turnover snapshot only 2.214
Operating Cycle snapshot only 226.5 days
Cash Velocity snapshot only 4.094
Capital Intensity snapshot only 3.643
Growth Quality
Metric Trend Q4'25 Q1'26 Q2'26 Current
Revenue Stability — — — —
Earnings Stability — — — —
Margin Stability — — — —
Rev. Growth Consistency 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0
Earnings Persistence — — — —
Earnings Smoothness — — — —
ROE Trend — — — —
Gross Margin Trend — — — —
FCF Margin Trend — — — —
Sustainable Growth Rate 1.2% 3.1% 4.5% 4.52%
Internal Growth Rate 0.6% 1.6% 2.3% 2.34%
Cash Flow Quality
Metric Trend Q4'25 Q1'26 Q2'26 Current
OCF/Net Income 4.91 2.49 2.31 2.312
FCF/OCF 0.86 0.69 0.67 0.674
FCF/Net Income snapshot only 1.557
OCF/EBITDA snapshot only 0.810
CapEx/Revenue 6.0% 7.7% 7.2% 7.19%
CapEx/Depreciation snapshot only 0.973
Accruals Ratio -0.03 -0.03 -0.03 -0.034
Sloan Accruals snapshot only 0.016
Cash Flow Adequacy snapshot only 2.627
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q4'25 Q1'26 Q2'26 Current
Dividend Yield 0.1% 0.1% 0.1% 0.25%
Dividend/Share $0.06 $0.14 $0.22 $0.30
Payout Ratio 13.0% 12.0% 12.5% 12.53%
FCF Payout Ratio 3.1% 6.9% 8.0% 8.05%
Total Payout Ratio 13.0% 21.9% 25.9% 25.87%
Div. Increase Streak 0 0 0 0
Chowder Number — — — —
Buyback Yield 0.0% 0.1% 0.1% 0.15%
Net Buyback Yield -0.0% 0.1% 0.1% 0.14%
Total Shareholder Return 0.1% 0.2% 0.3% 0.27%
DuPont Factors
Metric Trend Q4'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.53 0.62 0.62 0.619
Interest Burden (EBT/EBIT) 0.79 0.78 0.78 0.778
EBIT Margin 0.20 0.21 0.20 0.198
Asset Turnover 0.08 0.18 0.27 0.275
Equity Multiplier 1.98 1.96 1.97 1.974
Per Share
Metric Trend Q4'25 Q1'26 Q2'26 Current
EPS (Diluted TTM) $0.48 $1.19 $1.78 $1.78
Book Value/Share $33.87 $34.17 $34.53 $36.00
Tangible Book/Share $-7.34 $-6.60 $-6.05 $-6.05
Revenue/Share $5.68 $11.91 $18.71 $24.86
FCF/Share $2.00 $2.06 $2.78 $3.94
OCF/Share $2.34 $2.98 $4.12 $5.58
Cash/Share $4.37 $4.08 $4.57 $4.58
EBITDA/Share $1.60 $3.39 $5.09 $5.09
Debt/Share $23.77 $19.13 $19.12 $19.12
Net Debt/Share $19.41 $15.05 $14.55 $14.55
Academic Models
Metric Trend Q4'25 Q1'26 Q2'26 Current
Altman Z-Score — — — 3.638
Altman Z-Prime snapshot only 6.405
Piotroski F-Score 4 4 4 4
Beneish M-Score — — — —
Ohlson O-Score snapshot only -8.907
Net-Net WC snapshot only $-18.49
EVA snapshot only $-483960396.04
Credit
Metric Trend Q4'25 Q1'26 Q2'26 Current
Credit Rating snapshot only BBB+
Credit Score 37.84 54.01 64.15 64.154
Credit Grade snapshot only 8
Implied Spread (bps) snapshot only 225.000
Industry Credit Rank snapshot only 40
Sector Credit Rank snapshot only 53

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms