Qt Group
QTCOM.HE Small CapTechnology · Software - Application
Updated: Jul 6, 2026, 22:20 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Qt Group Oyj offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America. The company offers Qt Design Studio, which turns design visions into production-ready UIs; Qt Creator IDE, a cross-platform integrated development environment for software development; Qt Framework, a comprehensive set of libraries and APIs; Qt AI Assistant that offloads developers from tasks to free time for coding; Qt for MCUs designs, develops, and tests modern applications for microcontrollers; and Figma to Qt, a plugin that helps to reduce iterations and ensure design comes to life. It also provides quality assurance tools comprising Squish, an automated GUI testing for cross-platform desktop, mobile, embedded, and web applications; Coco
Qt Group Stock at a Glance
Qt Group (QTCOM.HE) is currently trading at €23.68 with a market capitalization of $601.3M. The trailing P/E ratio stands at 22.34x, with a forward P/E of 19.3x. The 52-week range spans from €18.04 to €63.95; the current price is 63% below the yearly high. Year-over-year revenue growth stands at +11.6%. The net profit margin stands at 12.25%.
💰 Dividend
Qt Group currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.
📊 Analyst Rating
3 analysts rate Qt Group (QTCOM.HE) on consensus: Buy. The average price target is €28.50, implying +20.35% from the current price. Analyst price targets range from €15.50 to €38.00.
Qt Group: The Investment Case in Detail
Qt Group (QTCOM.HE) operates in the Technology — specifically Software - Application — and is headquartered in Finland. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Revenue is growing at a healthy 11.6% pace year-over-year, suggesting the business model continues to find new customers and pricing power. Wall Street consensus sits at Buy with an average price target implying roughly 20.35% upside from current levels — analyst sentiment is firmly constructive.
What to Watch Next
- The forward P/E of 19.3x is meaningfully below the trailing 22.34x — analysts expect earnings to step up; the next earnings release is the test.
- The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
- The analyst consensus price target implies 20.35% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.
Investment Thesis: Strengths & Weaknesses
- Analyst consensus: Buy
- Positive free cash flow
No significant red flags in current metrics.
Technical Snapshot
Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).
Risk Profile
The data points to market-like volatility.
Trading Data
Related Stocks in the Same Sector
Qt Group (QTCOM.HE) 2026: 23,06 EUR Finnish C++ Cross-Platform Application Development Framework Specialist with Auto-and-Industrial-Embedded Tailwind
The Real Story
Qt Group Oyj (Helsinki: QTCOM) is an Espoo, Finland-headquartered cross-platform-software-development-framework specialist. Lead products: Qt Framework (C++ UI-and-application-development), Qt Design Studio, Qt Creator IDE, plus design-and-development tools. Customer base includes automotive (BMW, Mercedes, GM in-car-infotainment), industrial-automation (Bosch, Siemens), medical-devices, broader-embedded-systems.
What Smart Money Thinks
Qt Group has Finnish institutional base. Founder Lars Knoll and aligned holders. Berenberg at approximately 5,2 percent, Capital Group at approximately 4,4 percent. Short-interest sits at approximately 4 percent of float as of May 2026.
Explore the BMI Smart-Money Tracker →
📈 The 3 Real Bull Points
Qt Framework in-car-infotainment-and-instrument-cluster adoption drives structural growth approximately 12-15 percent annually. Auto-customer base includes BMW, Mercedes, GM.
Qt's recurring-subscription-license-model approximately 85 percent of revenue provides defensive recurring base.
Re-rating to 18-22x on continued automotive-and-embedded growth supports 30-37 EUR.
📉 The 3 Real Bear Points
Open-source Qt-community-edition creates pricing-power tension on Qt's commercial-license business.
Auto-customer concentration creates cycle exposure. Auto-cycle compression compresses Qt Group revenue.
Google Flutter, React Native compete on mobile-app-development. Qt's C++ desktop-and-embedded strength is more defensible.
Valuation in Context
Qt Group at 23,06 EUR per share with approximately 25,4 million shares outstanding has a market capitalization of approximately 586 million EUR. Forward-P/E 13,9x.
Re-rating to 18-22x on fiscal-2027 EPS approximately 2,00 EUR supports 36-44 EUR — 56-91 percent upside. Bear-case 15-17 EUR. Bull-case 50-60 EUR.
🗓️ Next 3 Catalyst Dates
-
2026 Q3:
H1 2026 earnings. Watch-items: automotive segment growth, recurring revenue.
-
2027 Q1:
Fiscal-2026 full-year results plus fiscal-2027 guidance.
-
2027 H2:
Continued automotive embedded growth milestones.
💬 Daniel's Take
Qt Group is a quality-growth Finnish C++ cross-platform-framework specialist with automotive-and-embedded structural tailwind, 85 percent recurring-subscription base and 13,9x forward-earnings fair-value. Position-sizing: 0,5–1,2 percent.
Sources (3)
Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.
More Technology stocks
Top peers in the same sector — ranked by market cap.
Where can I buy Qt Group?
Compare top-rated brokers — low fees, trusted providers, fully regulated.
📊 Prefer a fund over a single stock? Compare ETFs:
Live Market Data
Real-time chart, financials, earnings, analysts, insider trades, events & news