Quartix Holdings PLC (GB:QTX)
LSE:QTX
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Quartix Holdings
(LSE:QTX)
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Rating:73Outperform
Price Target:
282.00 p
▲(2.55% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by strong financial performance (notably a very low-debt balance sheet and improved profitability) and supportive valuation (low P/E with a dividend). These positives are partially offset by weak technical signals, with the stock trading below key moving averages and negative MACD indicating subdued momentum.
Positive Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~3–4% historically) gives the company durable financial flexibility. Limited debt reduces solvency risk, supports investment or M&A optionality, and helps absorb downturns without forcing distress-driven cuts—beneficial over the next 2–6 months.
Negative Factors
Uneven cash generation
Irregular operating cash flow and periods of negative free-cash-flow growth imply working-capital swings or lumpy reinvestment needs. This variability can constrain funding for capex, dividends or M&A and raises execution risk if customers or costs shift unfavorably in the near term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~3–4% historically) gives the company durable financial flexibility. Limited debt reduces solvency risk, supports investment or M&A optionality, and helps absorb downturns without forcing distress-driven cuts—beneficial over the next 2–6 months.
Read all positive factors
Quartix Holdings (QTX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£121.14M
Dividend Yield2%
Average Volume (3M)53.03K
Price to Earnings (P/E)20.9
Beta (1Y)0.59
Revenue Growth10.20%
EPS Growth33.81%
CountryUK
Employees173
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.08
Shares Outstanding48,455,280
10 Day Avg. Volume39,459
30 Day Avg. Volume53,033
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)4.05
Price to Sales (P/S)3.73
P/FCF Ratio29.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£330.00Price Target Upside20.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.16
Revenue Forecast (FY)£40.53M
Quartix Holdings Business Overview & Revenue Model
Company Description
Quartix Technologies Plc engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and the European Territories. The company offers vehicle tracking system for busi...
How the Company Makes Money
Quartix makes money primarily through recurring subscription fees for its fleet telematics and vehicle tracking services. Customers typically pay ongoing fees to access Quartix’s cloud software platform (including dashboards, reporting, and fleet/...
Quartix Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.71M | 32.40M | 29.88M | 27.52M | 25.51M |
| Gross Profit | 26.13M | 22.52M | 16.98M | 19.70M | 18.75M |
| EBITDA | 11.92M | 6.66M | -813.00K | 5.82M | 5.76M |
| Net Income | 6.38M | 4.77M | -908.00K | 5.04M | 4.98M |
Balance Sheet | |||||
| Total Assets | 43.15M | 30.44M | 29.28M | 30.10M | 28.56M |
| Cash, Cash Equivalents and Short-Term Investments | 5.57M | 3.10M | 2.38M | 5.06M | 5.41M |
| Total Debt | 505.00K | 559.00K | 660.00K | 748.00K | 763.00K |
| Total Liabilities | 10.25M | 10.84M | 12.93M | 9.21M | 8.51M |
| Stockholders Equity | 32.90M | 19.60M | 16.35M | 20.90M | 20.05M |
Cash Flow | |||||
| Free Cash Flow | 4.49M | 2.74M | 3.27M | 3.79M | 3.27M |
| Operating Cash Flow | 10.52M | 2.77M | 3.28M | 3.86M | 3.33M |
| Investing Cash Flow | -5.35M | -202.00K | -1.99M | -68.00K | -61.00K |
| Financing Cash Flow | -2.88M | -1.62M | -3.95M | -4.26M | -8.36M |
Quartix Holdings Technical Analysis
Positive
275.00
Price Trends
252.45
Positive
266.20
Positive
265.34
Positive
Market Momentum
7.07
Negative
68.25
Neutral
85.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:QTX, the sentiment is Positive. The current price of 275 is above the 20-day moving average (MA) of 235.12, above the 50-day MA of 252.45, and above the 200-day MA of 265.34, indicating a bullish trend. The MACD of 7.07 indicates Negative momentum. The RSI at 68.25 is Neutral, neither overbought nor oversold. The STOCH value of 85.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:QTX.
Quartix Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £121.14M | 20.87 | 23.66% | 2.00% | 10.20% | 33.81% | |
70 Neutral | £81.57M | 12.03 | 9.07% | ― | 7.36% | 31.93% | |
68 Neutral | £97.86M | 8.13 | 3.91% | 1.56% | 8.75% | -54.73% | |
68 Neutral | £90.95M | 20.27 | 16.76% | ― | -3.41% | 58.10% | |
67 Neutral | £234.84M | 25.56 | 3.10% | 2.19% | 10.66% | 23.08% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £111.76M | -24.70 | -5.90% | ― | -2.20% | 68.24% |
* Technology Sector Average
GB:QTX
Quartix Holdings
252.50
53.31
26.76%
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GB:KETL
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-2.71%
Quartix Holdings Corporate Events
Business Operations and StrategyShareholder Meetings
Quartix Shareholders Back All Resolutions at AGM
Positive
Apr 22, 2026
Quartix Technologies plc reported that all resolutions proposed at its Annual General Meeting were duly passed, confirming shareholder support for the company’s current governance structure and strategic direction. The smooth approval of AGM...
Business Operations and StrategyFinancial Disclosures
Quartix lifts recurring revenue and cash flow despite slower new customer growth
Positive
Apr 22, 2026
Quartix Technologies reported a solid start to 2026, with annualised recurring revenue rising £1.6m in the first quarter to £38.6m on a constant-currency basis and trailing twelve‑month ARR up 12%. Net revenue retention improved to...
Business Operations and StrategyRegulatory Filings and Compliance
Quartix Issues New Shares on Director Option Exercise and Confirms AIM Voting Rights
Positive
Apr 8, 2026
Quartix Technologies has issued 25,125 new ordinary shares following the exercise of share options by Commercial and Operations Director Daniel Mendis, increasing his holding to 63,103 shares, or about 0.13% of the enlarged share capital. Followin...
Business Operations and StrategyDividendsFinancial Disclosures
Quartix lifts profit and cash flow on record recurring revenue growth
Positive
Mar 25, 2026
Quartix Technologies reported strong 2025 results, with revenue up 12% to £35.7m and profit before tax rising 34% to £8.7m, driven by record growth in annualised recurring revenue and an 11% expansion of its fleet subscription base to ne...
Financial DisclosuresRegulatory Filings and Compliance
Quartix delays 2025 annual results release by two days
Neutral
Mar 20, 2026
Quartix Technologies plc has announced a revised timetable for publishing its audited Annual Report and Financial Statements for the year ended 31 December 2025. The company had previously indicated a release date of 23 March 2026 but now expects ...
Financial Disclosures
Quartix Sets Date to Publish 2025 Full-Year Results
Neutral
Feb 23, 2026
Quartix Technologies plc has announced that it will publish its financial results for the year ended 31 December 2025 on Monday 23 March 2026. The annual results and accompanying presentations will be made available on the company’s investor...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Quartix Profit to Rise Modestly After FRC-Driven Accounting Change
Positive
Feb 11, 2026
Quartix Technologies said the UK’s Financial Reporting Council has completed its review of the company’s accounting for tracking systems and associated costs, concluding they should be classified as property, plant and equipment under ...
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.