Stock · Q · Technology

Qnity Electronics, Inc

United States · Large Cap · listed since 2013 · Revenue 12 mo. $5.2B

Price as of 11/06/2026

StockScorer score
3.6
of 10 4 of 11 points Low Match To the score
Price
$117.00
1 Y +15.8%
Market cap
$24.8B
Phase
Mature
core business profitable, revenue barely moving
Revenue 0.0% a year (3 years)EBIT margin 21.3%Payout 5.0% of operating cash flow

Qnity Electronics, Inc. provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

moreless

Qnity Electronics, Inc. provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally. The company operates in two segments, Semiconductor Technologies and Interconnect Solutions. Its Semiconductor Technologies segment offers chemical mechanical planarization (CMP) pads and slurries, photoresists, functional sub-layers, advanced overcoats, post-CMP cleaners, post-etch residue removers, and emerging cleans. The Interconnect Solutions segment provides copper pillar plating, copper redistribution layer, solder bump plating, under bump metallization, photoresists, packaging dielectrics, gap fillers, phase change, specialty thermal interface materials, thermally conductive insulators, copper plating solutions, dry film photoresists, and laminates and polyimide films. The company was formerly known as Novus SpinCo 1, Inc. and changed its name to Qnity Electronics, Inc. in April 2025. The company was incorporated in 2024 and is headquartered in Wilmington, Delaware.

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Summary

Qnity Electronics, Inc is around the middle of the Technology sector overall

44.2 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 11.4% FCF growth a year. There are not enough years to compare it with the company's own past.

If free cash flow stays at €886.6M (2025), it supports €9.9B. The remaining €12.4B of the market value assume it grows 11.4% a year for 10 years and not at all afterwards.

Required FCF growth per year

11.4%

no growth afterwards

Market value breakdown€22.2B market value, price as of 11/06/2026

€9.9B without growth
€12.4B priced-in growth

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 2 figures better, 2 worse.

  • Revenue, 12 mo.$5.0B → $5.2B+5.2%better
  • FCF, 12 mo.$898.0M → $825.0M−8.1%worse
  • Gross margin42.0% → 43.3%+1.3 ppbetter
  • FCF margin18.1% → 15.8%−2.3 ppworse

4 more unchanged: EBIT margin, Net debt, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability47.3around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity9.75%14.60%Rank 35
Return on capital (Greenblatt)22.87%29.77%Rank 41
EBIT margin21.33%17.40%Rank 63
FCF margin20.78%18.54%Rank 61
Gross margin41.82%48.47%Rank 36
Growth36.2below the middleGrows more slowly than the sector: Earnings growth, 5 years per year −3.67%, sector 14.07%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year9.67%12.70%Rank 40
Earnings growth, 3 years per year−3.67%9.54%Rank 23
Earnings growth, 5 years per year−3.67%14.07%Rank 12
Sustainable growth (ROE × retained earnings)5.99%2.87%Rank 70
Valuation51.2around the middleValued about like the sector.
MetricStockSector medianPosition in sector
Earnings yield2.82%2.64%Rank 53
FCF yield3.99%3.06%Rank 62
EV/saleslower is better6.065.18Rank 44
EV/EBITlower is better28.4226.24Rank 46
Momentum49.3around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year15.76%−0.59%Rank 72
Share price, 6 months−20.10%−4.46%Rank 32
Share price, 3 months−10.09%−5.84%Rank 44
Distance from 52-week high−33.39%−33.23%Rank 50
Quality51.9around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−2.25%1.65%Rank 75
Change in share countlower is better0.02%−0.17%Rank 36
Dividend streak in years–8Rank 18
Price reaction to results, market-adjusted4.63%−1.57%Rank 79
Balance sheet & risk29.4below the middleMore risk than the sector: Net debt/EBITDA 2.90, sector −0.20.
MetricStockSector medianPosition in sector
Equity ratio50.43%53.98%Rank 43
Net debt/EBITDAlower is better2.90−0.20Rank 8
Debt to equitylower is better0.700.33Rank 24
Volatility, 1 yearlower is better55.17%50.37%Rank 43

Ten years in figures

Revenue from $4.8B (2022) to $4.8B (2025), 0.0% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $MSharesNet debt
20224.821.8%951.0209M–
20234.016.3%651.0209M$83.0M
20244.319.5%861.0209M$25.0M
20254.821.3%988.0209M$4.1B
3.6 / 10Low MatchStockScorer score4 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

Qnity Electronics, Inc mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 33%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Qnity Electronics, Inc's score is built

Qnity Electronics, Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

4 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Qnity Electronics, Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Altman Z-Score: Stress Test
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Moat Quality
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Growth Momentum (CAN SLIM principle)

Qnity Electronics, Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Qnity Electronics, Inc.

MetricStockSector
P/E ratio35.435.1
P/B ratio3.55.5
Return on equity (ROE)9.8%14.6%
Equity ratio50.4%54.0%
Debt-to-equity (D/E)0.700.33
Dividend yield0.3%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
QQnity Electronics, Incthis page
ENTGEntegris Inclocked
TERTeradyne IncLow2.7
688072.SSPiotech Inc. Alocked
6920.TLasertec Corplocked
6146.TDisco Corporationlocked

Frequently asked questions about Qnity Electronics, Inc stock

How does Qnity Electronics, Inc stock (Q) score in the StockScorer model?
Qnity Electronics, Inc stock reaches a StockScorer score of 3.6 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is Qnity Electronics, Inc's P/E ratio?
Qnity Electronics, Inc's P/E ratio is 35.4. The Technology sector median is 35.1.
What sector is Qnity Electronics, Inc in?
Qnity Electronics, Inc is assigned to the Technology sector. Its rank within the sector is 44.2 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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