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q.beyond AG (DE:QBY)
XETRA:QBY
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q.beyond AG
(XETRA:QBY)
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Rating:44Neutral
Price Target:
€0.50
▼(-29.58% Downside)
q.beyond AG's overall stock score is primarily impacted by its challenging financial performance and bearish technical indicators. While the earnings call provided some positive developments, the underlying financial and valuation issues weigh heavily on the stock's attractiveness.
Positive Factors
Strong Equity Position
A low debt-to-equity ratio indicates prudent leverage management, providing financial stability and flexibility for future investments.
Partnerships with Major Cloud Providers
Collaborations with leading cloud providers strengthen QBY's market position and expand its service capabilities, supporting long-term growth.
Recurring Revenue Model
A subscription-based model ensures steady cash flow and revenue predictability, contributing to financial stability and growth potential.
Negative Factors
Negative Profitability
Negative profitability and cash flow issues can hinder reinvestment in the business and affect long-term operational sustainability.
Declining Revenue Growth
Decreasing revenue growth can indicate market challenges or competitive pressures, affecting the company's ability to expand and innovate.
Operational Inefficiencies
Negative EBIT margins suggest inefficiencies in operations, which can impact profitability and require strategic adjustments for improvement.
q.beyond AG (QBY) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€105.64M
Dividend YieldN/A
Average Volume (3M)59.12K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth-3.43%
EPS Growth78.06%
CountryDE
Employees1,094
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.00
Shares Outstanding124,579,490
10 Day Avg. Volume76,828
30 Day Avg. Volume59,124
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)0.98
Price to Sales (P/S)0.47
P/FCF Ratio13.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1.30Price Target Upside83.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
q.beyond AG Business Overview & Revenue Model
Company Descriptionq.beyond AG (QBY) is a Germany-based digital transformation company that provides a range of IT services and solutions. Operating primarily in the sectors of cloud computing, IT infrastructure, and digital services, QBY focuses on helping businesses transition to modern technology environments. Its core offerings include application development, cloud migration, and managed services, enabling organizations to enhance their operational efficiency and innovate using advanced technologies.
How the Company Makes Moneyq.beyond AG generates revenue through multiple streams, primarily by providing IT services and solutions to enterprises. Key revenue streams include consulting services, software development projects, managed services, and cloud solutions. The company often engages in long-term contracts with clients, providing a steady flow of income. Additionally, QBY benefits from partnerships with major technology providers, allowing it to offer integrated solutions that drive client value and satisfaction. These strategic alliances bolster its market position and contribute to the company's overall earnings.
q.beyond AG Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 26, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While the return to profitability, increased order entry, and growth in the consulting segment highlight positive developments, challenges such as economic underperformance and reliance on a tax windfall for positive EBITDA indicate areas of concern.Q3-2025 Updates
Positive Updates
Return to Profitability
The company reported a positive net income for Q3 2025, marking a significant milestone in returning to profitability.
Increase in Order Entry
Order entry almost doubled compared to the last quarter of 2024, with an 8% increase year-to-date, setting a strong basis for the next year.
Consulting Segment Growth
Consulting segment earnings doubled in Q3, with a remarkable improvement in margin due to upskilling and new customer contracts.
Investment in AI and Digitalization
Significant progress in AI solutions and digitalization projects, including a new ERP system, with over EUR 1 billion invested.
Positive Free Cash Flow
Year-to-date free cash flow increased to EUR 3.6 million, with net liquidity at EUR 41.3 million.
Negative Updates
Economic Underperformance
The company is affected by economic underperformance, particularly due to the situation of German SMEs delaying and stopping tenders.
Data Center Sales Slowdown
Sales in the data center segment did not meet expectations, attributed to reluctance among SMEs to make decisions.
Impact of Tax Windfall
The Q3 results were positively impacted by a EUR 2.8 million tax windfall, raising concerns about the underlying strength of EBITDA and EBIT without this one-off.
Company Guidance
In the Q3 2025 earnings call, q.beyond AG reported a return to profitability, driven by a positive net income and increased free cash flow. Despite challenges such as economic underperformance and hesitancy among German SMEs to engage in tenders, the company managed a significant improvement in EBITDA and order entry, which almost doubled compared to Q4 2024, with a year-to-date increase of 8%. The revenue was strategically stabilized by waiving low-margin business, although the data center sales lagged expectations. The company noted a tax windfall from the Plusnet transaction that contributed EUR 2.8 million to the EBITDA and EBIT figures. Investments in AI and digitalization were emphasized, with over EUR 1 million invested in AI and ERP system advancements, laying the groundwork for future revenue growth. The company remains optimistic about Q4, expecting strong results and confirming guidance with revenue at the lower end, while EBITDA and net income are as expected.q.beyond AG Financial Statement Overview
Summary
q.beyond AG faces significant profitability and cash flow challenges, with negative margins and declining revenue growth. Despite a strong equity position and low leverage, the company struggles with operational efficiency and cash generation.Income Statement
q.beyond AG's income statement shows a challenging financial position with negative net profit margins and declining revenue growth in the TTM period. The gross profit margin is relatively low at 12.63%, and the EBIT margin is negative, indicating operational inefficiencies. However, there is a slight improvement in EBITDA margin, suggesting some operational cost control.45
Neutral
Balance Sheet
The balance sheet reflects a stable financial structure with a low debt-to-equity ratio of 0.09, indicating prudent leverage management. However, the return on equity is negative, highlighting profitability challenges. The equity ratio is healthy, showing a strong equity base relative to total assets.55
Neutral
Cash Flow
Cash flow analysis reveals a negative free cash flow growth rate in the TTM period, indicating cash flow challenges. The operating cash flow to net income ratio is low, suggesting limited cash generation from operations. Despite these challenges, the free cash flow to net income ratio is positive, indicating some ability to convert earnings into cash.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 189.00M | 192.59M | 189.28M | 173.02M | 155.16M | 143.42M |
| Gross Profit | 25.09M | 23.54M | 16.81M | 14.67M | 19.12M | 11.62M |
| EBITDA | 11.79M | 9.06M | 3.97M | -10.79M | 31.38M | -1.99M |
| Net Income | -3.26M | -4.95M | -17.48M | -33.30M | 9.71M | -19.90M |
Balance Sheet | ||||||
| Total Assets | 138.90M | 152.89M | 154.34M | 161.06M | 200.30M | 190.86M |
| Cash, Cash Equivalents and Short-Term Investments | 39.62M | 39.09M | 37.64M | 36.39M | 56.70M | 44.92M |
| Total Debt | 12.42M | 8.71M | 8.64M | 8.25M | 14.19M | 17.87M |
| Total Liabilities | 44.67M | 58.28M | 54.95M | 45.41M | 52.93M | 54.31M |
| Stockholders Equity | 91.85M | 92.56M | 97.85M | 115.14M | 147.07M | 136.56M |
Cash Flow | ||||||
| Free Cash Flow | -686.00K | 6.96M | 3.90M | -4.78M | -14.94M | -10.55M |
| Operating Cash Flow | 2.80M | 10.53M | 6.47M | -1.26M | -7.66M | -4.97M |
| Investing Cash Flow | 5.26M | -3.41M | -1.70M | -13.99M | 24.70M | -7.09M |
| Financing Cash Flow | -7.44M | -5.67M | -3.52M | -5.07M | -5.26M | -9.05M |
q.beyond AG Technical Analysis
Negative
0.71
Price Trends
0.79
Negative
0.85
Negative
0.85
Negative
Market Momentum
-0.03
Negative
38.16
Neutral
38.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:QBY, the sentiment is Negative. The current price of 0.71 is below the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.79, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 38.16 is Neutral, neither overbought nor oversold. The STOCH value of 38.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:QBY.
q.beyond AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €56.82M | 16.22 | 10.88% | 1.68% | 2.84% | 21.48% | |
66 Neutral | €216.72M | 18.75 | ― | 3.68% | -1.51% | -37.04% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | €209.90M | 44.79 | 0.37% | 2.59% | -26.34% | -101.49% | |
49 Neutral | €18.31M | ― | -31.92% | ― | -15.56% | -100.13% | |
44 Neutral | €105.64M | -32.37 | -1.93% | ― | -3.43% | 78.06% |
* Technology Sector Average
DE:QBY
q.beyond AG
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3.37%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.