Qnity Electronics, Inc. · Semiconductors

Q

Moderate riskNext report: Around Nov 5 (est.)

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The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 22% in the latest quarter vs a year ago
Profitable, keeps 15% of sales as profit
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 4.6% to their holdings in the quarter ending June 2026 (635 bought, 518 sold)
Held by Ray Dalio (Bridgewater), Stanley Druckenmiller (Duquesne)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$114.06+3.9% that day

Company value: $23.9B; Share price times all shares
Price vs profit (P/E): 40.9x; You pay about $41 for each $1 of yearly profit
Price vs sales: 4.6x; Company value is 4.6 times a year of sales
Dividend yield: 0.1%; Yearly dividend as a share of today's price
Cash vs value: 4%; Cash as a share of company value
Debt vs value: 17%; Debt as a share of company value

From Q's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 8 quarters, from SEC filings

Sales, Jun '26

$1.4B+22% vs a year earlier

Sep '24Tap a barJun '26

Last 12 months: $5.2B, up 15% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of Q. Starting points are the company's recent numbers.

Sales growth+15% a yearRecently: +15% a yearProfit margin12%Last 12 months: 12.4%P/E at the end40xToday: 40.9x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$10.5B

Profit in 5 years$1.3B

Price these guesses point to$240.43+111% vs $114.06 todayAbout +16% a year, before dividends

What today's price needs: with a 12% margin and a 40x P/E, sales could shrink about 0.9% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/4Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.8.2%
MissDebt under half of equityNot relying on borrowed money.0.58x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.15.3%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.3B

Revenue: $4.8B; +9.7% vs prior year
Total debt: $4.1B; 0.58x equity
Current ratio: 1.95x; short-term assets / bills due
Free cash flow: $1.3B; 26.8% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.