Quad/Graphics, Inc.

Quad/Graphics, Inc.

QUAD·NYSE

$7.34

-2.5%
IndustrialsSpecialty Business Services

Quad/Graphics, Inc. provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services. The company also provides marketing and other services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital and print execution, and logistics, as well as manufactures ink. It serves blue chip companies that operate in various industries, and serve businesses and consumers comprising retailers, publishers, and direct marketers. The company was founded in 1971 and is headquartered in Sussex, Wisconsin.

At a Glance

Live Snapshot
Market Cap$378.45M
EPS0.5700
P/E Ratio12.88
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is compressed (P/E 12.9).

Valuation inputs: P/E 12.9, earnings yield +7.8%, momentum -2.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +21.0%, ROIC +14.1%).

Profitability stack: net margin +1.1%, ROE +21.0%, ROIC +14.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +89.7%, momentum -2.5%, net margin +1.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Quad/Graphics, Inc. Market vs Earnings Trajectory

QUAD · NYSE

Loading price and EPS data...

Quad/Graphics, Inc.

Quad/Graphics, Inc. Fair Value Envelope

QUAD · NYSE

Our analysis suggests that QUAD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $7.34, this represents a potential HIDDEN relative to our calculated worth for Quad/Graphics, Inc..

Intrinsic Value
Current Price: $7.34
3Y+217.0%
5Y-122.0%
10Y-39.0%
3Y-25.0%
5Y-17.0%
10Y-44.0%
3Y+190.0%
5Y-121.0%
10Y-40.0%
3Y-38.0%
5Y-50.0%
10Y-73.0%
3Y-46.0%
5Y-61.0%
10Y-79.0%
3Y-26.0%
5Y-35.0%
10Y-51.0%
Quad/Graphics, Inc.

Quad/Graphics, Inc. Profit Bridge

QUAD · NYSE
Revenue2.42B
Cost of Goods Sold (1.98B)
Gross Profit444.70M
Operating Expenses (325.90M)
Operating Income118.80M
Interest Expense (50.50M)
Other Income/Expense-86.30M
Pretax Income32.50M
Income Tax (5.50M)
Net Income27.00M
Net Income
27.00M

Profitability Analysis

Gross Margin

18.4%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

4.9%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

1.1%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

16.9%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

18.38%
Gross Profit Margin
2%
3Y+28.0%
5Y+29.0%
10Y-15.0%
4.91%
Operating Profit Margin
3%
3Y+57.0%
5Y+75.0%
10Y+74.0%
1.12%
Net Profit Margin
-159%
3Y+286.0%
5Y-125.0%
10Y+8.0%
21.00%
Return on Equity
-121%
3Y+290.0%
5Y-114.0%
10Y+106.0%
2.15%
Return on Assets
-155%
3Y+294.0%
5Y-132.0%
10Y+23.0%
14.12%
Return on Invested Capital
-27%
3Y+174.0%
5Y+122.0%
10Y+179.0%
QUAD

Quad/Graphics, Inc. Cash Conversion Engine

QUAD · NYSE
Net Income27.00M
Depreciation & Amortization78.60M
Stock-Based Compensation6.60M
Change in Working Capital-18.60M
Others1.70M
Capital Expenditures-45.20M
Free Cash Flow50.70M

Cash Flow Quality Analysis

FCF Conversion Rate

187.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

47.1%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-9.0%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$18.60M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Quad/Graphics, Inc. Funding & Solvency Profile

QUAD · NYSE
Cash & Cash Equivalents7.00M
Net Receivables311.60M
Inventory164.70M
Other Current Assets39.30M
Total Current Assets523 M
Property, Plant & Equipment523.40M
Goodwill & Intangible Assets120.10M
Long-Term Investments15.20M
Other Non-Current Assets49.60M
Total Non-Current Assets588 M
Total Assets
1.23B

Financial Health Analysis

Current Ratio

0.94x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

8.72x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-31700000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

42% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

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Quad/Graphics, Inc. Street Expectations Map

QUAD · NYSE

Wall Street analysts project that QUAD stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 8.00, with estimates ranging from a low of 7.50 to a high of 8.50.

Lowest Target
7.50
2.18%
Consensus Target
8.00
8.99%
Highest Target
8.50
15.80%

The consensus 1-year price target stands at 8.00, with estimates ranging from a low of 7.50 to a high of 8.50.

Analyst Consensus Analysis

Upside Potential

+9.0%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

12.5% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Quad/Graphics, Inc. Insider Positioning

QUAD · NYSE

During the last 12 months, there has been no insider trading activity reported for QUAD.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

1.74%
Dividend Yield
48%
3Y+3580.0%
5Y+126.0%
10Y+37.0%
 

quad Dividend History

QUAD
10Y CAGR 9%
Latest $0.1
Annual $0.425
Stable dividend payments
Last Period: +0%