Financials Quad/Graphics, Inc.

Equities

QUAD

US7473011093

Commercial Printing Services

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
4.52 ^USD	-1.53%		-2.38%	-16.61%

Apr. 23	Quad Graphics Keeps Quarterly Dividend at $0.05 per Share, Payable June 7 to Shareholders of Record as of May 22	MT
Apr. 23	Quad/Graphics, Inc. Declares Quarterly Dividend, Payable on June 7, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2022	2023	2024	2025
Capitalization ¹	246.6	205	215	278.1	231	-
Enterprise Value (EV) ¹	246.6	205	215	278.1	231	231
P/E ratio	-	-1.51 x	22.7 x	-4.75 x	-17.4 x	7.79 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	0.06 x	-	-	0.09 x	0.08 x	0.08 x
EV / Revenue	0.06 x	-	-	0.09 x	0.08 x	0.08 x
EV / EBITDA	0.74 x	-	-	1.19 x	1.03 x	0.99 x
EV / FCF	5,540,661 x	-	-	-	-	-
FCF Yield	0%	-	-	-	-	-
Price to Book	1.05 x	-	-	-	-	-
Nbr of stocks (in thousands)	52,796	53,657	52,687	51,308	51,104	-
Reference price ²	4.670	3.820	4.080	5.420	4.520	4.520
Announcement Date	2/18/20	2/24/21	2/21/23	2/20/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2022	2023	2024	2025
Net sales ¹	3,923	-	-	2,958	2,738	2,733
EBITDA ¹	334.9	-	-	233.7	225	232.3
EBIT ¹	154.6	-	-	25.7	60.8	92.2
Operating Margin	3.94%	-	-	0.87%	2.22%	3.37%
Earnings before Tax (EBT) ¹	-	-	-	-42.6	-2	39.2
Net income ¹	-	-128.3	9.3	-55.4	-12.7	28.8
Net margin	-	-	-	-1.87%	-0.46%	1.05%
EPS ²	-	-2.530	0.1800	-1.140	-0.2600	0.5800
Free Cash Flow	44.5	-	-	-	-	-
FCF margin	1.13%	-	-	-	-	-
FCF Conversion (EBITDA)	13.29%	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	2/18/20	2/24/21	2/21/23	2/20/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	703.1	700.2	787.9	648.3	645.7	678.6	765.2
EBITDA ¹	-	50.4	57.4	65.7	48.3	50.3	59.7	66.7
EBIT ¹	-	8.4	13.7	3.5	-7.2	9	22.6	36.4
Operating Margin	-	1.19%	1.96%	0.44%	-1.11%	1.39%	3.33%	4.76%
Earnings before Tax (EBT) ¹	-	-8.2	-3.5	-15.1	-23.9	-6.7	7.9	20.7
Net income ¹	-24.6	-6.1	-2.7	-22	-27.5	-7.7	5.9	16.6
Net margin	-	-0.87%	-0.39%	-2.79%	-4.24%	-1.19%	0.87%	2.17%
EPS ²	-0.5000	-0.1200	-0.0600	-0.4700	-0.5800	-0.1600	0.1200	0.3300
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	5/2/23	8/1/23	10/31/23	2/20/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	44.5	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	-	-	-	-
ROA (Net income/ Total Assets)	1.23%	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share	4.450	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	2/18/20	2/24/21	2/21/23	2/20/24	-	-

¹USD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Quad/Graphics, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.52 USD

Average target price

8 USD

Spread / Average Target

+76.99%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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