Qatar Electricity & Water Company Q.P.S.C. (QEWS.QA) stock analysis

In our weekly check, Qatar Electricity & Water Company Q.P.S.C. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 6, red flags: 5.

About Qatar Electricity & Water Company Q.P.S.C.

Qatar Electricity & Water Company Q.P.S.C. is an Utilities company (Diversified Utilities), listed on DOH as QEWS.QA.

What our checks show for QEWS.QA

Red flags

• Net debt is 7.7x a year of EBITDA (debt/equity 0.43). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 1.4 times: a weak year could make the payments hard.
• The net margin fell by 15.2 points over 5 years, to 44.1%: the company keeps less of each sale as profit.
• The gross margin fell by 6.4 points, to 32.6%: costs are rising faster than prices.
• Return on capital (ROCE) is only 2.7%.

Warning signs

• Analysts expect only about 3.3% a year of growth in revenue.
• Revenue grew only 4.5% a year over the last 3 years.
• Earnings per share fell 7.4% a year over the last 3 years.
• Net profit fell 7.2% a year over the last 3 years.
• The stock has fallen as much as 58% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 2.3 years.

Strengths

• The company keeps 44.1% of its revenue as net profit.
• Free cash flow is 18.2% of revenue: cash for dividends, buybacks or growth.
• The price moves calmly: 18.9% annual volatility.
• Beta 0.08: the stock usually moves less than the market.
• Pay in shares is only 0% of free cash flow.

Similar companies

BIP · EDP.LS · ORG.AX · AES · A2A.MI · SSE.L

Questions

What grade does Qatar Electricity & Water Company Q.P.S.C. (QEWS.QA) have?

In our weekly check, Qatar Electricity & Water Company Q.P.S.C. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 6, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of QEWS.QA stock?

This week's biggest flags for Qatar Electricity & Water Company Q.P.S.C.: High debt, Weak interest cover, Margins falling. In total 11 of 25 checks show a warning or a red flag.

What does Qatar Electricity & Water Company Q.P.S.C. do?

Qatar Electricity & Water Company Q.P.S.C. is an Utilities company (Diversified Utilities), listed on DOH as QEWS.QA.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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