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Quartix Holdings
(LSE:QTX)
Select Model
Select Model
Rating:75Outperform
Price Target:
262.00 p
▼(-4.73% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial fundamentals—especially a conservatively financed balance sheet and improved profitability—offset by some volatility in cash generation. Valuation is supportive due to a solid dividend yield with a mid-range P/E, while technical indicators remain mixed with a weaker longer-term trend.
Positive Factors
Recurring SaaS Revenue Model
Subscription revenue creates a recurring base tied to the installed vehicle fleet, while tracking, compliance and analytics features can support retention and expansion within existing customers.
Negative Factors
Uneven Cash Generation
Although free cash flow remains positive, volatility in operating cash flow and the gap between operating and free cash flow may reflect working-capital swings or reinvestment, reducing cash-flow visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS Revenue Model
Subscription revenue creates a recurring base tied to the installed vehicle fleet, while tracking, compliance and analytics features can support retention and expansion within existing customers.
Read all positive factors
Quartix Holdings (QTX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£111.45M
Dividend Yield4.43%
Average Volume (3M)28.51K
Price to Earnings (P/E)17.4
Beta (1Y)0.87
Revenue Growth10.31%
EPS Growth21.25%
CountryUK
Employees178
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.13
Shares Outstanding48,455,280
10 Day Avg. Volume24,031
30 Day Avg. Volume28,510
Financial Highlights & Ratios
PEG Ratio0.66
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)£40.20M
Quartix Holdings Business Overview & Revenue Model
Company Description
Quartix Technologies Plc, established in 2001 and headquartered in Cambridge, UK, specializes in the development, promotion, and provision of advanced vehicle telematics solutions. Operating across the United Kingdom, France, the United States, an...
How the Company Makes Money
Quartix makes money primarily through recurring subscription fees for its software-as-a-service (SaaS) telematics platform, typically charged per vehicle (or per tracking unit) on a monthly basis. Customers pay to access Quartix’s web and app-base...
Quartix Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.43M | 35.71M | 32.40M | 29.88M | 27.52M | 25.51M |
| Gross Profit | 29.36M | 26.13M | 22.52M | 16.98M | 19.70M | 18.75M |
| EBITDA | 14.88M | 11.92M | 6.66M | -813.00K | 5.82M | 5.76M |
| Net Income | 6.38M | 6.38M | 4.77M | -908.00K | 5.04M | 4.98M |
Balance Sheet | ||||||
| Total Assets | 43.62M | 43.15M | 30.44M | 29.28M | 30.10M | 28.56M |
| Cash, Cash Equivalents and Short-Term Investments | 4.77M | 5.57M | 3.10M | 2.38M | 5.06M | 5.41M |
| Total Debt | 487.00K | 686.00K | 559.00K | 660.00K | 748.00K | 763.00K |
| Total Liabilities | 11.43M | 10.25M | 10.84M | 12.93M | 9.21M | 8.51M |
| Stockholders Equity | 32.19M | 32.90M | 19.60M | 16.35M | 20.90M | 20.05M |
Cash Flow | ||||||
| Free Cash Flow | 4.59M | 4.49M | 2.74M | 3.27M | 3.79M | 3.27M |
| Operating Cash Flow | 14.20M | 10.52M | 2.77M | 3.28M | 3.86M | 3.33M |
| Investing Cash Flow | -8.58M | -5.35M | -202.00K | -1.99M | -68.00K | -61.00K |
| Financing Cash Flow | -5.08M | -2.88M | -1.62M | -3.95M | -4.26M | -8.36M |
Quartix Holdings Technical Analysis
Positive
275.00
Price Trends
223.67
Positive
236.42
Negative
249.82
Negative
Market Momentum
-1.05
Negative
58.00
Neutral
37.50
Neutral
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 222.24, above the 50-day MA of 223.67, and above the 200-day MA of 249.82, indicating a neutral trend. The MACD of -1.05 indicates Negative momentum. The RSI at 58.00 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | £107.07M | 26.18 | 6.51% | 1.37% | 23.25% | 700.00% | |
75 Outperform | £111.45M | 17.45 | 19.61% | 4.43% | 10.31% | 21.25% | |
65 Neutral | £94.12M | 19.15 | 9.24% | ― | 12.56% | 23.36% | |
62 Neutral | £329.82M | 81.69 | 3.33% | 0.81% | 12.73% | -26.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £105.73M | -50.75 | -3.80% | 4.56% | 4.27% | 81.19% | |
53 Neutral | £66.69M | 1.30 | 79.45% | 5.97% | ― | ― |
* Technology Sector Average
GB:QTX
Quartix Holdings
230.00
-39.37
-14.62%
GB:GHH
Gooch & Housego
1,205.00
652.34
118.04%
GB:SDI
SDI Group
90.00
-10.00
-10.00%
GB:SOLI
Solid State
188.50
32.90
21.14%
GB:XAR
Xaar plc
135.00
-9.50
-6.57%
GB:KETL
Strix Group
33.70
-10.55
-23.84%
Quartix Holdings Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Quartix lifts profits on recurring revenue and fleet growth
Positive
Jul 27, 2026
Quartix Technologies reported a strong first half, with revenue up 12% to £19.4m and profit before tax rising 21% to £4.8m, underpinned by an 11% increase in annualised recurring revenue to £38.9m. EBITDA grew 16% and free cash flow...
Business Operations and StrategyDividendsFinancial Disclosures
Quartix lifts H1 revenue and ARR, backs 2026 outlook despite softer new sales
Positive
Jul 8, 2026
Quartix Technologies plc said it expects to report first-half 2026 revenue of £19.4m, up from restated £17.3m a year earlier, with EBITDA rising to £6.9m and adjusted EBIT to £4.6m. Free cash flow is estimated at £2.6m des...
Regulatory Filings and Compliance
Quartix PDMR Glen Middleton and Wife Trim Holdings in AIM-Listed Telematics Group
Neutral
Jun 2, 2026
Quartix Technologies has disclosed that Glen Middleton, a person discharging managerial responsibilities at the company, and his wife Georgina sold 1,100 and 5,262 ordinary shares respectively on 1 June 2026 at 266p per share. Following these tran...
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.