Stock analysis · Bull Rankings model

QBTS analysis

D-Wave Quantum Inc.Computer Hardware. Scored on the same transparent model behind the daily rankings.

Quantum Computing
QBTS
D-Wave Quantum Inc. · Computer Hardware
FCF-$102mF
Rev+178.5%A
D/E0.04A-
P/S
PEG
25.4Score
$16.21$6.0B
1Y Target$37.05Analyst consensus · 15 analysts
5Y Target$64.80Compound horizon
10Y Target$115.82Long-dated conviction
FCF-$102mTTM
F
FCF is negative (-$102m) — cash-burning phase; acceptable only for pre-profit spec names
Rev+178.5%FY YoY
A
Revenue +178.5% — hypergrowth, top decile · Computed from last two annual revenue figures (FY YoY).
D/E0.04
A-
D/E 0.04 — less debt than most Technology peers (≈25th pctile)
P/S
P/S unavailable
PEG
PEG not meaningful — earnings growth negative or data unavailable

Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.

Quality-growth score · 25.4
Quality0.18
Growth1.00
Value0.09
Why this score
  • Diluting shareholders
Entry · Margin of safety
52-week rangeNear 52-week low
65% off the 12-month high
Quality signals · context only
Gross profitability1% · Cgross profit ÷ total assets (Novy-Marx)
ROIC-9.5% · Freturn on invested capital — not score-weighted
Why now
Computer Hardware · market cap $6.0b. Down 65% from 52-week high of $46.75 — deep drawdown territory. Revenue growing +179% — in hypergrowth territory. 15 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $37.05 (implying +129% upside).
Moat
Higher-variance name — the moat signals on the quantitative card are modest, so the durability case rests on execution (turning current growth into durable earnings power) or an un-monetized asset (IP / network effects / first-mover position) rather than an entrenched competitive position.
Risk
Free cash flow is negative (-$102m) — capital raises or debt issuance likely required; dilution / leverage risk. Down 65% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.16 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Horizon
1-3 yr $37.05 (15-analyst consensus) — catalyst-driven; binary events dominate. 5 yr $64.80 — requires the platform / technology to reach commercial scale. 10 yr $115.82 — return distribution heavily skewed.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.

QBTS vs the Top Picks average

PillarQBTSBook avgDiff
Quality0.180.83-0.64
Growth1.000.91+0.09
Value0.090.75-0.66

Averaged across the 30 names in today's Top Picks (mean score 81.8). A name can beat these averages and still be absent from the book — it also applies concentration limits.

Trend
-1.9 over 34 daily scores
From 27.3 (Jun 22) → 25.4 (now)

One point per daily model run. The range autoscales, so a flat-looking line can still hide 1–2 point moves — read the From → To values for the actual range.

Shares to buy
123
Position size
$1,994
4.0% of portfolio
Stop price
$12.16
25% below $16.21
$ at risk if stopped
$498.46
budget $500.00 · 1% of portfolio

Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.

D-Wave Quantum Inc. (QBTS): score, valuation & FAQ

D-Wave Quantum Inc. (QBTS) is a Computer Hardware company that scores 25.4 out of 100 on the Bull Rankings quality-growth model — a weak reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.

Its strongest graded signals are Rev (A) and D/E (A-), while FCF (F) rate weaker.

Is QBTS a good stock to buy?

Bull Rankings scores QBTS 25.4 out of 100 on its quality-growth model, which is a weak reading. That is driven by Rev (A) and D/E (A-). A score is a quantitative screen of D-Wave Quantum Inc.'s fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.

Why does QBTS score 25.4 on Bull Rankings?

The quality-growth score blends three pillars — quality (returns on capital, margins, leverage, earnings quality), growth (revenue and earnings expansion), and value (valuation versus sector peers). QBTS earns its highest marks on Rev (A) and D/E (A-), and is held back by FCF (F). Each pillar is graded against sector-aware thresholds, then combined into the single 0–100 score.

Is QBTS overvalued or undervalued?

We don't compute a reliable discounted-cash-flow value for QBTS — typically because it is not yet consistently profitable or free-cash-flow positive — so its valuation rests on growth and price-to-sales rather than on earnings-based intrinsic value. Judge it on the trajectory of the business, not a single multiple.

What are the main risks of investing in QBTS?

Free cash flow is negative (-$102m) — capital raises or debt issuance likely required; dilution / leverage risk. Down 65% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.16 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.

New to these metrics? The guides explain free cash flow, how the score works, and more in the learn hub — or run another name through the screener.

Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial adviser.

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