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Quartix Technologies plc (QTX) Fair Value & Analysis

Technology · GB · Market cap 106M GBX

QT Quartix Technologies plc QTX · LSE
Price£2.18
Fair Value£1.94
Upside-10.8%
Quality69/100
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Healthy Growth
Solidly profitable · 17.9% net margin
Low debt · generates free cash flow
4.65% dividend yield
Ranks above peers (11/14)
Wide moat 77/100
Evidence: High Range £1.21 – £2.89 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from £1.95 to £1.94 (−0.5%) since Jun 24, 2026. Share price +3.4% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • A fairly wide model range (£1.21 to £2.89) leaves room in how you read the outcome.
  • Our model range runs from £1.21 (bear) to £2.89 (bull), base £1.94. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£4.29 £1.22 Fair Value £1.94 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £1.22 – £4.29 · fair‑value band £1.21 – £2.89 · the £2.18 price screens above the £1.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Quartix Technologies plc (QTX) currently trades at £2.18, while our model-based Fair Value estimate is £1.94, implying the stock looks roughly 10.8% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Quartix Technologies plc generated revenue of £35.7M at a net margin of 17.9%. Revenue grew 15.1% year over year. It earns a return on equity of 20.7%. The balance sheet holds a net cash position of £5.1M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £1.21 (bear case) to £2.89 (bull case); at £2.18, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -11%, QTX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £0.8900 £1.22 £1.63 80
Residual Income £0.6800 £0.8800 £2.04 76
Rev-Margin DCF £1.14 £1.83 £2.66 74
All 26 models by family
DCF Models
FCF DCF £0.8900 £1.26 £1.73 38
Owner Earnings £0.7300 £1.02 £1.40 31
5Y Revenue Exit £1.14 £1.84 £2.76 39
5Y EBITDA Exit £1.66 £2.84 £4.26 41
5Y P/E Exit £1.44 £2.42 £3.49 38
10Y Revenue Exit £0.9900 £1.54 £2.32 36
10Y EBITDA Exit £1.30 £2.15 £3.34 37
10Y P/E Exit £1.18 £1.90 £2.82 35
Earnings-Based
Graham-Dodd £0.9000 £3.25 £4.38 54
Lynch FV £0.7700 £1.10 £1.43 50
PEG = 1.0 £0.7700 £1.10 £1.43 46
EPV £1.04 £1.15 £1.24 59
Dividend Discount
Gordon GGM £0.3800 £0.6400 £0.8300 70
DDM Multi-Stage £0.3800 £0.6100 £0.6900 61
Multiples
P/E Multiple £1.98 £2.63 £3.29 63
P/S Multiple £1.38 £1.84 £2.30 58
P/B Multiple £1.53 £2.04 £2.55 55
EV/EBIT £2.51 £3.32 £4.12 53
EV/EBITDA £2.49 £3.29 £4.09 54
EV/Revenue £1.38 £1.94 £2.49 43
Asset-Based
NCAV (Graham) £0.3400 £0.4500 £0.6800 50
Growth DCF
Growth DCF £0.8900 £1.22 £1.63 80
Rev-Margin DCF £1.14 £1.83 £2.66 74
Economic Profit
Residual Income £0.6800 £0.8800 £2.04 76
ROIC Compounder £1.10 £1.30 £1.52 72
Growth Earnings
Growth-Adj P/E £1.42 £2.02 £2.63 68

Widest divergence: Multiples (£2.04) versus Asset-Based (£0.4500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 35.7M GBX
Revenue growth (YoY) +15.1%
Net margin 17.9%
Return on equity 20.7%
Free cash flow 4.5M GBX FY2025
P/E ratio 20.4
More key figures
Operating margin 28.4%
EPS (TTM) £0.1300
Dividend yield 3.7%
EPS growth (YoY) +25.8%
Net cash 5.1M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 69 · Market factors (momentum, volatility) 32

Profitability 78
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Quartix Technologies plc designs, develops, markets, and delivers vehicle telematics services in the United Kingdom, France, the United States, and other European Territories. The company offers GPS Vehicle Tracking system that locate vehicles in real-time to improve routes, security, and dispatch activities.

Full company description

Quartix Technologies plc designs, develops, markets, and delivers vehicle telematics services in the United Kingdom, France, the United States, and other European Territories. The company offers GPS Vehicle Tracking system that locate vehicles in real-time to improve routes, security, and dispatch activities. It also provides Fleet Management software that consist of live tracking, timesheets, driver behavior, management tools, alerts, IFTA mileage reporting, and track devices. In addition, the company offers Electric vehicle Tracking solution for monitoring electric vehicles and optimizing battery use and range. It serves its products primarily to building and construction; specialized site and field services; transportation; security; and product distribution industries. The company was formerly known as Quartix Holdings plc and changed its name to Quartix Technologies plc in June 2021. Quartix Technologies plc was founded in 2001 and is based in Cambridge, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Quartix Technologies plc reported revenue of £35.7M in FY2025 versus £25.5M in FY2021, a compound +8.8%/yr. Reported net income was £6.4M in FY2025, compounding +6.4%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£35.7M
Latest YoY
+10.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Avg. growth/yr (14Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.6%
Revenue +8.8%/yr
FY21 £25.5M
FY22 £27.5M
FY23 £29.9M
FY24 £32.4M
FY25 £35.7M
Net income +6.4%/yr
FY21 £5.0M
FY22 £5.0M
FY23 −£908K
FY24 £4.8M
FY25 £6.4M
Character of growth · EPS growth decomposed (2014-2025) +0.8 % p.a.
Revenue per share +5.8 pp

of which total revenue +6.1 pp · buybacks/dilution −0.2 pp

EBIT margin −3.1 pp
Tax rate −1.5 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

QTX screens 11% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Quartix Technologies plc Fair Value". https://www.fairvalue-calculator.com/stock/QTX

Peer Group

Scientific & Technical Instruments · 161 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside −11% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 15% · Above median
Dividend yield (TTM) 4.7% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 16.8× · Cheaper than 75% of peers
P/B 4.34× · Pricier than median
P/S (TTM) 4.00× · Pricier than median
P/FCF 31.8× · Pricier than 75% of peers
EV/EBITDA 11.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 19 · sector 0
FUTURE 76 · sector 34
PAST 83 · sector 25
HEALTH 99 · sector 98
DIVIDEND 93 · sector 24

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Quartix Technologies plc (QTX) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £1.94 versus a price of £2.18, about −11% (overvalued).
What is the fair value of QTX?
Our model-based fair value for Quartix Technologies plc is £1.94 (as of Jul 16, 2026), built from audited fundamentals. The current price is £2.18.
What is the quality score of QTX?
Quartix Technologies plc has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Quartix Technologies plc (QTX)?
Quartix Technologies plc reported trailing-twelve-month revenue of about £35.7M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of QTX?
The net profit margin of Quartix Technologies plc is about 17.9%, meaning it keeps roughly 17.9% of revenue as net income. Based on the latest reported figures.
Does Quartix Technologies plc pay a dividend?
Quartix Technologies plc currently shows a dividend yield of about 3.70% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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