Qualitas Limited (QAL) AI Stock Analysis

• Market Cap: AU$1.04B
• Dividend Yield: 2.87%
• Average Volume (3M): 515.22K
• Price to Earnings (P/E): 30.4
• Beta (1Y): 0.75
• Revenue Growth: 12.50%
• EPS Growth: 27.40%
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.07
• Shares Outstanding: 300,173,980
• 10 Day Avg. Volume: 686,257
• 30 Day Avg. Volume: 515,215
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$4.08
• Price Target Upside: 15.25% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: AU$4.00 ▲(12.99% Upside)

Qualitas Limited's overall stock score is driven by strong financial performance and positive technical indicators, although the valuation appears high. The company's ability to generate cash efficiently and maintain profitability supports its financial health, while the technical analysis suggests a positive market trend. However, the high P/E ratio indicates that the stock may be overvalued, which could limit upside potential.

Qualitas Limited Business Overview & Revenue Model

Company Description

Qualitas Limited (QAL) is a diversified investment company focused on providing high-quality real estate and infrastructure solutions. Operating primarily in the sectors of property investment, development, and management, QAL specializes in creating value through strategic acquisitions and enhancements of its assets. The company offers a range of services including property management, asset development, and advisory services, catering to both institutional and retail investors.

How the Company Makes Money

Qualitas Limited generates revenue through multiple streams, primarily from its property investment and management activities. The company earns income through rental yields from its real estate portfolio, which includes commercial, residential, and industrial properties. Additionally, QAL profits from development projects by selling newly developed properties or through fees associated with project management. The company also engages in capital raising activities, securing funds from investors for specific projects, which provides further revenue opportunities. Significant partnerships with institutional investors and joint ventures enhance its funding capabilities and broaden its investment reach, contributing to overall earnings.

Qualitas Limited Financial Statement Overview

Summary

Qualitas Limited exhibits strong financial performance with robust profitability and effective cash flow management. The company has a high gross profit margin and a solid net profit margin, although the revenue growth rate has slowed. The balance sheet is stable, but the level of debt requires careful monitoring.

Income Statement

Qualitas Limited has demonstrated strong revenue growth with a 8.9% increase from 2023 to 2024. The company maintains impressive profitability, evidenced by a high gross profit margin of 99.9% and a net profit margin of 25.6% in 2024. EBIT and EBITDA margins are also robust at 56.9% and 57.7%, respectively, indicating efficient cost management. However, the revenue growth rate has slowed compared to previous years, which could be a point of concern.

Balance Sheet

The company's balance sheet shows a stable financial position with a debt-to-equity ratio of 0.80, indicating a balanced approach to leverage. The return on equity is healthy at 7.1%, reflecting effective use of shareholder funds. The equity ratio of 51.8% suggests a strong equity base relative to total assets. However, the total debt remains significant, which could pose risks if not managed carefully.

Cash Flow

Qualitas Limited has shown remarkable improvement in cash flow management, with a significant turnaround in operating cash flow from negative to positive $72.4 million in 2024. The free cash flow growth rate is substantial, and the free cash flow to net income ratio is strong, indicating efficient cash generation relative to profits. The operating cash flow to net income ratio is also favorable, highlighting effective conversion of earnings into cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	102.42M	94.13M	36.41M	70.88M	49.45M
Gross Profit	102.31M	71.13M	28.68M	56.04M	31.17M
EBITDA	59.11M	34.28M	14.37M	17.08M	3.64M
Net Income	26.18M	22.54M	12.12M	10.97M	3.68M
Balance Sheet
Total Assets	708.13M	742.79M	812.76M	815.87M	539.80M
Cash, Cash Equivalents and Short-Term Investments	196.50M	192.37M	309.01M	308.63M	17.01M
Total Debt	295.29M	340.74M	416.49M	453.40M	481.26M
Total Liabilities	341.12M	380.74M	458.20M	479.46M	496.01M
Stockholders Equity	367.01M	362.06M	354.57M	336.42M	40.34M
Cash Flow
Free Cash Flow	72.06M	-23.36M	38.52M	6.51M	1.06M
Operating Cash Flow	72.39M	-22.89M	38.85M	6.57M	1.30M
Investing Cash Flow	-333.00K	-467.00K	9.47M	11.61M	-2.57M
Financing Cash Flow	-70.05M	-93.28M	260.69M	-30.61M	41.78M

Qualitas Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.54
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QAL, the sentiment is Negative. The current price of 3.54 is above the 20-day moving average (MA) of 3.52, above the 50-day MA of 3.53, and above the 200-day MA of 2.86, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.39 is Neutral, neither overbought nor oversold. The STOCH value of 52.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QAL.

Qualitas Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QAL	75 Outperform	AU$1.04B	30.42	8.94%	2.87%	12.50%	27.40%
CWP	75 Outperform	627.94M	12.97	9.84%	3.53%	14.95%	18.79%
CNI	65 Neutral	1.89B	22.87	5.58%	5.77%	38.64%	-21.14%
ABG	57 Neutral	1.12B	41.53	1.72%	6.83%	4.69%	0.00%
CMW	56 Neutral	1.24B	-21.65	-1.55%	6.19%	-5.64%	89.16%
COF	53 Neutral	737.71M	-37.31	-1.99%	8.14%	-4.50%	88.28%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Qualitas Limited Corporate Events

Qualitas Limited to Release Shares from Voluntary Escrow, Boosting Market Liquidity

Qualitas Limited has announced the release of 30,123,526 shares from voluntary escrow, increasing the proportion of shares available for trade on a free float basis to 72.4% as of July 29, 2025. This decision, approved by the Board, allows for the early release of shares initially set to be released in December 2026, aiming to prevent potential incorrect calculations of free float and improve market liquidity.

The most recent analyst rating on (AU:QAL) stock is a Buy with a A$3.75 price target. To see the full list of analyst forecasts on Qualitas Limited stock, see the AU:QAL Stock Forecast page.

Qualitas Director Increases Stake in Real Estate Income Fund

Qualitas Limited has announced a change in the director’s interest notice concerning Darren Steinberg. The change involves the acquisition of 62,500 units in the Qualitas Real Estate Income Fund by DJS Investment Holdings Pty Ltd on behalf of the Steinberg Family Trust, with no disposals reported. This on-market acquisition reflects an increase in the director’s indirect interest in the company’s securities, potentially indicating confidence in the company’s financial products and market position.

The most recent analyst rating on (AU:QAL) stock is a Buy with a A$3.75 price target. To see the full list of analyst forecasts on Qualitas Limited stock, see the AU:QAL Stock Forecast page.

Qualitas Limited Announces Cessation of Securities

Qualitas Limited announced the cessation of certain securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation affects a total of 111,538 securities, including options and share rights, with expiration dates ranging from 2033 to 2035. The announcement may impact Qualitas Limited’s capital structure and could influence stakeholder perceptions regarding the company’s future financial strategies.

The most recent analyst rating on (AU:QAL) stock is a Buy with a A$3.75 price target. To see the full list of analyst forecasts on Qualitas Limited stock, see the AU:QAL Stock Forecast page.

Qualitas Limited Showcases Strength at 2025 Macquarie Conference

Qualitas Limited has presented at the 2025 Macquarie Conference, highlighting its strong position in the real estate investment sector. With a broad platform and deep industry knowledge, Qualitas continues to drive performance and create long-term value for shareholders and communities, managing assets valued at over A$27 billion across all real estate sectors.