Education
About Us
Working with TipRanks
Follow Us
Qurate Retail Group (QRTEA)
NASDAQ:QRTEA
Top Page
Qurate Retail Group
(NASDAQ:QRTEA)
43Neutral
Qurate Retail Group (QRTEA) vs. S&P 500 (SPY)
Market Cap
$157.08M
Dividend YieldN/A
Average Volume (3M)1.34M
Price to Earnings (P/E)―
Beta (1Y)2.19
Revenue Growth-9.40%
EPS Growth-461.92%
CountryUS
Employees20,386
SectorConsumer Cyclical
Sector Strength67
IndustryRetail - Discretionary
Share Statistics
EPS (TTM)-0.71
Shares Outstanding388,022,200
10 Day Avg. Volume1,153,566
30 Day Avg. Volume1,344,955
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.09
Price to Sales (P/S)0.01
P/FCF Ratio0.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$0.50Price Target Upside31.58% Upside
Rating ConsensusHold
Number of Analyst Covering1
Qurate Retail Group Business Overview & Revenue Model
Company DescriptionQurate Retail, Inc. engages in the business of video and on-line commerce industries. It operates through the following segments: QxH; QVC International; and Corporate and Others. The QxH segment include distribution of live programming, 20 hours per day, 364 days per year, to television households. The QVC International segment focuses in Germany, Austria, Japan, the U.K., the Republic of Ireland, and Italy to distribute shopping experience via broadcast networks, websites, mobile applications, and social pages. The Corporate and Other segment comprises subsidiary Cornerstone, along with various cost and equity method investments. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.
How the Company Makes MoneyQurate Retail Group makes money primarily through sales of consumer products via its television networks and digital platforms. The company's revenue model is centered around direct-to-consumer sales, leveraging its extensive multimedia presence to reach a broad audience. Key revenue streams include product sales from its various brands, advertising revenues from its TV networks, and commissions from third-party vendors featured on its platforms. Significant partnerships with popular brands and exclusive product offerings also contribute to its earnings, alongside a focus on customer engagement and personalized shopping experiences to drive repeat purchases and customer loyalty.
Qurate Retail Group Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| 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 | 1.10B | 1.09B | 1.57B | EBITDA |
| -440.00M | 924.00M | -1.37B | 1.99B | 2.13B | Net Income Common Stockholders |
| -1.29B | -145.00M | -2.53B | 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 | 16.25B | 17.00B | Total Debt |
| 5.57B | 7.27B | 6.87B | 6.99B | 6.94B | Net Debt |
| 4.66B | 6.13B | 5.60B | 6.40B | 6.13B | Total Liabilities |
| 10.13B | 10.88B | 12.05B | 13.22B | 13.27B | Stockholders Equity |
| -971.00M | 385.00M | 412.00M | 2.89B | 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 |
Qurate Retail Group Technical Analysis
Negative
0.38
Price Trends
0.36
Negative
0.42
Negative
0.54
Negative
Market Momentum
>-0.01
Positive
34.45
Neutral
10.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QRTEA, the sentiment is Negative. The current price of 0.38 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.36, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.45 is Neutral, neither overbought nor oversold. The STOCH value of 10.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QRTEA.
Qurate Retail Group Risk Analysis
Qurate Retail Group disclosed 38 risk factors in its most recent earnings report. Qurate Retail 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
Qurate Retail Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $146.06B | 30.71 | 61.98% | 1.15% | 3.95% | 10.34% | |
73 Outperform | $2.21T | 34.47 | 25.24% | ― | 10.08% | 71.88% | |
72 Outperform | $3.46B | 6.01 | 13.40% | 5.66% | -3.60% | 442.87% | |
69 Neutral | $15.53B | 17.14 | 31.63% | 5.11% | -4.43% | -24.58% | |
61 Neutral | $6.93B | 11.84 | 2.89% | 3.91% | 2.59% | -21.68% | |
43 Neutral | $157.08M | ― | -56.13% | ― | -9.40% | -461.92% |
* Consumer Cyclical Sector Average
Performance Comparison
QRTEA
Qurate Retail Group
0.28
-0.47
-62.67%
AMZN
Amazon
210.25
24.26
13.04%
BBY
Best Buy Co
73.39
3.13
4.45%
M
Macy's
12.10
-6.41
-34.63%
TJX
TJX Companies
131.25
33.71
34.56%
SHOP
Shopify
111.45
52.68
89.64%
Qurate Retail Group Earnings Call Summary
Earnings Call Date:Nov 07, 2024
(Q4-2024)
| % Change Since: -5.00%|
Next Earnings Date:Feb 27, 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.Q4-2024 Updates
Positive Updates
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.
Negative Updates
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.Qurate Retail Group Corporate Events
Delistings and Listing ChangesStock Split
Qurate Retail Moves to Nasdaq Capital Market
Neutral
Dec 3, 2024
Qurate Retail, Inc. has shifted its equity listing from the Nasdaq Global Select Market to the Nasdaq Capital Market due to not meeting the minimum bid price requirement. This move allows the company until December 9, 2024, to regain compliance or face a potential extension. Qurate plans to implement a reverse stock split if necessary to align with Nasdaq’s requirements, although success is not guaranteed. Despite the transfer, Qurate does not foresee significant impacts on its equity trading or intentions to relist on the Global Select Market soon.
Dividends
Qurate Retail Declares Dividend for Preferred Stockholders
Positive
Nov 20, 2024
Qurate Retail, Inc. has announced a regular quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock, payable on December 16, 2024. This decision highlights Qurate Retail’s commitment to rewarding its investors, reflecting the company’s strong position as a leading player in the video commerce sector, reaching over 200 million homes globally.
Shareholder MeetingsFinancial Disclosures
Qurate Retail’s Investor Meeting Set for November 2024
Neutral
Oct 22, 2024
Qurate Retail, Inc. is set to host its annual Investor Meeting on November 14, 2024, alongside Liberty Media Corporation, featuring presentations on financial performance and future prospects. This event, taking place in New York, invites shareholders and analysts to engage in discussions about key business insights. Interested parties can attend in person or via webcast, with a Q&A session to follow the presentations, promising valuable updates for those invested in financial markets.
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.