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Qvc Group, Inc. (A) (QVCGA)
:QVCGA
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QVC Group
(NASDAQ:QVCGA)
48Neutral
QVC Group (QVCGA) vs. S&P 500 (SPY)
Market Cap
$113.87M
Dividend YieldN/A
Average Volume (3M)3.69M
Price to Earnings (P/E)―
Beta (1Y)2.31
Revenue Growth-8.04%
EPS Growth-791.84%
CountryUS
Employees18,984
SectorConsumer Cyclical
Sector Strength55
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-3.31
Shares Outstanding394,184,800
10 Day Avg. Volume3,054,161
30 Day Avg. Volume3,694,329
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.01
Price to Cash Flow (P/CF)1.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
QVC Group Business Overview & Revenue Model
Company DescriptionQVC Group (QVCGA) is a leading global video and e-commerce retailer, specializing in televised home shopping. It operates through a variety of multimedia platforms, including broadcast television, online streaming, and mobile applications, to sell a wide range of consumer products. These products encompass categories such as home goods, electronics, beauty, apparel, and jewelry. QVC is known for its engaging and interactive shopping experience, which allows customers to learn about products from hosts and guest experts.
How the Company Makes MoneyQVC Group generates revenue primarily through the sale of consumer goods via its various platforms. The company leverages its television broadcasting reach to showcase products directly to consumers, creating a direct-to-consumer sales model. This approach is complemented by its e-commerce platforms, including websites and mobile applications, which facilitate online shopping. Key revenue streams include product sales, shipping and handling fees, and advertising partnerships with brands that wish to feature their products on QVC's platforms. Additionally, QVC benefits from strategic partnerships with various brands and manufacturers, enabling it to offer exclusive products and special deals to its audience. This multi-channel retail strategy helps QVC maintain a robust revenue model, driven by a combination of direct sales and supportive ancillary services.
QVC Group Financial Statement Overview
Summary
QVC Group is facing financial challenges, with declining revenues and negative net margins. The balance sheet shows negative equity, indicating high leverage and financial instability. Positive cash flows provide some operational efficiency, but overall financial health demands significant improvement.Income Statement
QVC Group's revenue has been declining annually, with a significant drop in revenue from 2022 to 2024. The company also reported a negative net profit margin in recent years, indicating persistent losses. The gross profit margin has decreased over time, reflecting reduced cost efficiency. Negative EBIT and EBITDA in the latest year further highlight operational challenges.45
Neutral
Balance Sheet
The balance sheet of QVC Group reveals a concerning financial position with negative stockholders' equity in 2024, indicating liabilities exceed assets. The debt-to-equity ratio is non-calculable due to negative equity, and the equity ratio is negative. Such leverage risks could affect financial stability.30
Negative
Cash Flow
On a positive note, QVC Group generated positive operating cash flow and free cash flow in the latest year, suggesting some operational efficiency. However, the free cash flow growth rate has been inconsistent, and the free cash flow to net income ratio is skewed by negative net income.55
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 10.04B | 10.91B | 12.11B | 14.04B | 14.18B | Gross Profit |
| 3.51B | 3.69B | 3.69B | 4.81B | 4.89B | EBIT |
| -809.00M | 590.00M | -2.04B | 1.09B | 1.57B | EBITDA |
| -440.00M | 924.00M | -1.37B | 1.64B | 2.02B | Net Income Common Stockholders |
| -1.29B | -145.00M | -2.59B | 340.00M | 1.20B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 905.00M | 1.12B | 1.27B | 587.00M | 806.00M | Total Assets |
| 9.24B | 11.37B | 12.57B | 16.20B | 17.00B | Total Debt |
| 5.57B | 5.96B | 6.87B | 7.29B | 6.94B | Net Debt |
| 4.66B | 4.83B | 5.60B | 6.71B | 6.13B | Total Liabilities |
| 10.13B | 10.88B | 12.05B | 13.22B | 13.27B | Stockholders Equity |
| -971.00M | 385.00M | 412.00M | 2.85B | 3.60B |
| Cash Flow | Free Cash Flow | |||
| 289.00M | 576.00M | -119.00M | 794.00M | 2.14B | Operating Cash Flow |
| 525.00M | 919.00M | 194.00M | 1.23B | 2.46B | Investing Cash Flow |
| -225.00M | -54.00M | 601.00M | -501.00M | -161.00M | Financing Cash Flow |
| -498.00M | -1.01B | -72.00M | -914.00M | -2.18B |
QVC Group Technical Analysis
Negative
0.15
Price Trends
0.28
Negative
0.32
Negative
0.47
Negative
Market Momentum
-0.03
Negative
35.26
Neutral
23.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QVCGA, the sentiment is Negative. The current price of 0.15 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.28, and below the 200-day MA of 0.47, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 35.26 is Neutral, neither overbought nor oversold. The STOCH value of 23.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QVCGA.
QVC Group Risk Analysis
QVC Group disclosed 38 risk factors in its most recent earnings report. QVC Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
QVC Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.03T | 32.82 | 24.29% | ― | 10.99% | 91.61% | |
77 Outperform | $140.81B | 29.59 | 61.98% | 1.19% | 3.95% | 10.34% | |
72 Outperform | $145.42B | 50.89 | 19.58% | ― | 27.85% | 1400.97% | |
69 Neutral | $3.31B | 5.74 | 13.40% | 7.02% | -3.60% | 442.87% | |
63 Neutral | $13.45B | 14.87 | 31.63% | 5.92% | -4.43% | -24.58% | |
59 Neutral | $11.76B | 10.11 | -0.70% | 3.92% | 1.27% | -16.30% | |
48 Neutral | $113.87M | ― | ― | -8.04% | -791.84% |
* Consumer Cyclical Sector Average
Performance Comparison
QVCGA
QVC Group
0.15
-0.85
-85.00%
AMZN
Amazon
181.22
-7.83
-4.14%
BBY
Best Buy Co
59.75
-16.90
-22.05%
M
Macy's
11.45
-7.60
-39.90%
TJX
TJX Companies
127.47
32.88
34.76%
TSE:SHOP
Shopify
118.26
20.37
20.81%
QVC Group Earnings Call Summary
Earnings Call Date: Feb 27, 2025 | % Change Since: -62.50% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted successful completion of Project Athens and strategic initiatives to grow social commerce, but was overshadowed by revenue declines and challenges in the Cornerstone business. The company is actively managing costs but faces headwinds from cord-cutting and a declining customer base.Highlights
Completion of Project Athens
Successfully concluded Project Athens in 2024, generating more than $500 million of run-rate OIBDA improvement compared to the objective of $300 million to $600 million.
QVC International's Performance
QVC International was the best-performing business in Q4 with OIBDA increasing 12% year-on-year and adjusted OIBDA margin up 170 basis points.
Debt Reduction Achievements
Improved the balance sheet by reducing gross debt by $442 million and extending the maturity profile.
Social and Streaming Strategy
Introduced a new strategy to grow the social commerce segment to a $1.5 billion revenue run rate within 3 years.
Lowlights
Significant Revenue Decline
Total revenue declined by 6% in Q4 and 8% at QxH due to lower unit volume, average selling price, and shipping and handling revenue.
Challenges in the Cornerstone Business
Cornerstone brands experienced a revenue decline of 7% in Q4 due to soft demand and competitive promotional pressure, with an outsized margin impact on consolidated results.
Customer Count Decline
QxH customer count declined 9% in Q4, with a 17% drop in new customers.
Impact of Cord-Cutting
Cord-cutting led to significant declines in linear TV viewership, affecting the company's ability to maintain stable revenue.
Company Guidance
During the QVC Group 2024 Q4 earnings call, the company provided guidance and detailed metrics about their performance and future strategies. They reported a total revenue decline of 6% in Q4, with a 4% drop in QxH TV minutes viewed due to linear TV declines and reduced consumer spending. Despite these challenges, QVC International's adjusted OIBDA increased 12% year-over-year, with a 170 basis point margin expansion. The company achieved $500 million in run rate OIBDA improvement through Project Athens, surpassing their target of $300-$600 million. For 2024, they expanded OIBDA margins by 220 basis points and improved free cash flow by over $500 million compared to 2022. QVC also reduced operating expenses by 8% and SG&A costs by 9%. Looking forward, they aim for $1.5 billion in run rate revenue from social and streaming within three years while maintaining a stable double-digit adjusted OIBDA margin.QVC Group Corporate Events
Financial Disclosures
QVC Group to Host Q1 Results Conference Call
Neutral
Apr 9, 2025
On April 9, 2025, QVC Group, Inc. announced it will host a conference call on May 7, 2025, to discuss its first-quarter results. The call will cover the company’s financial performance and outlook, with the results being released after market close on the same day. This announcement is part of QVC’s ongoing commitment to transparency and engagement with stakeholders.
Spark’s Take on QVCGA Stock
According to Spark, TipRanks’ AI Analyst, QVCGA is a Neutral.
QVC Group’s overall stock score reflects significant financial challenges, with a high leverage and declining revenues. Positive cash flows and strategic initiatives, like Project Athens, provide some stability. However, technical analysis shows a bearish trend, and valuation metrics are unattractive. While leadership extension and strategic shifts offer potential, the stock remains under pressure.
To see Spark’s full report on QVCGA stock, click here.
Executive/Board ChangesBusiness Operations and Strategy
QVC Group Extends CEO David Rawlinson II’s Term
Positive
Feb 28, 2025
QVC Group has announced a new employment agreement with its President and CEO, David Rawlinson II, extending his term through December 31, 2027. The agreement includes a substantial base salary, bonuses, and stock units, reflecting confidence in his leadership following successful navigation of challenges like a fire and market shifts. Under Rawlinson’s leadership, QVC Group aims to transform into a live social shopping company, leveraging its content creation capabilities to capture market share in the growing social and streaming shopping sectors.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.