Added to YB: 2026-06-26
Pitch date: 2026-06-24
QQ.L [bullish]
QinetiQ Group plc
Author Info
No bio for this author
Company Info
QinetiQ Group plc provides science and technology solution in the defense, security, and infrastructure markets in the United States, Australia, Canada, and Germany.
Market Cap
GBP 2.2B
Pitch Price
N/A
Price Target
5.45 (+22%)
Dividend
2.57%
EV/EBITDA
7.21
P/E
21.66
EV/Sales
1.24
Sector
Aerospace and Defense
Category
special_situation
QinetiQ Group (QQ.L): We meet again my old friend
QQ.L: UK defense tech misclassified as services, ~430p at 14x fwd P/E vs peers 22-188x. 6 verticals: test infra monopoly (LTPA to 2033), drones, counter-UAS, lasers, hypersonics, AI. Catalysts: likely US divestment (cleaner story, +20-30%), pro-defense UK govt shift. £4.8B backlog, 21% ROCE, buybacks. PT 545p (+27%), high 635p.
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