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QFR

Q-FreeOB:QFR Stock Report

Market Cap

kr1.1b

7D

4.7%

1Y

115.1%

Updated

27 Sep, 2021

Data

Company Financials
QFR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

QFR Overview

Q-Free ASA supplies intelligent transportation system products and solutions worldwide.

Q-Free Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Q-Free
Historical stock prices
Current Share Pricekr9.42
52 Week Highkr4.16
52 Week Lowkr11.80
Beta0.82
1 Month Change8.28%
3 Month Change-12.37%
1 Year Change115.07%
3 Year Change19.85%
5 Year Change17.90%
Change since IPO-42.56%

Recent News & Updates

Shareholder Returns

QFRNO ElectronicNO Market
7D4.7%-0.8%1.2%
1Y115.1%32.9%26.4%

Return vs Industry: QFR exceeded the Norwegian Electronic industry which returned 32.9% over the past year.

Return vs Market: QFR exceeded the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is QFR's price volatile compared to industry and market?
QFR volatility
QFR Beta0.82
Industry Beta1.22
Market Beta1

Stable Share Price: QFR is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: QFR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984360Hakon Volldalhttps://www.q-free.com

Q-Free ASA supplies intelligent transportation system products and solutions worldwide. The company offers tolling products, such as dedicated short-range communication tags and readers, parking access control software and image based solutions, and electronic toll collection systems; parking guidance and parking access control systems; traffic, bicycle, and pedestrian detection and counting products, as well as weigh in motion, journey time monitoring, and weather and air-quality monitoring systems; local intersection/traffic controllers, and centralized traffic controller SW and cooperative ITS solutions; and advanced traffic management, traffic information, ramp metering, and truck parking products. It also provides service and maintenance services.

Q-Free Fundamentals Summary

How do Q-Free's earnings and revenue compare to its market cap?
QFR fundamental statistics
Market Capkr1.05b
Earnings (TTM)-kr12.25m
Revenue (TTM)kr909.18m

1.2x

P/S Ratio

-85.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QFR income statement (TTM)
Revenuekr909.18m
Cost of Revenuekr345.37m
Gross Profitkr563.82m
Expenseskr576.07m
Earnings-kr12.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)-0.11
Gross Margin62.01%
Net Profit Margin-1.35%
Debt/Equity Ratio57.2%

How did QFR perform over the long term?

See historical performance and comparison

Valuation

Is Q-Free undervalued compared to its fair value and its price relative to the market?

2.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: QFR (NOK9.48) is trading above our estimate of fair value (NOK3.78)

Significantly Below Fair Value: QFR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: QFR is unprofitable, so we can't compare its PE Ratio to the European Electronic industry average.

PE vs Market: QFR is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QFR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QFR is good value based on its PB Ratio (2.7x) compared to the NO Electronic industry average (3.9x).


Future Growth

How is Q-Free forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

35.7%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Q-Free has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Q-Free performed over the past 5 years?

31.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QFR is currently unprofitable.

Growing Profit Margin: QFR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: QFR is unprofitable, but has reduced losses over the past 5 years at a rate of 31.7% per year.

Accelerating Growth: Unable to compare QFR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QFR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (30.6%).


Return on Equity

High ROE: QFR has a negative Return on Equity (-3.12%), as it is currently unprofitable.


Financial Health

How is Q-Free's financial position?


Financial Position Analysis

Short Term Liabilities: QFR's short term assets (NOK428.0M) exceed its short term liabilities (NOK258.0M).

Long Term Liabilities: QFR's short term assets (NOK428.0M) exceed its long term liabilities (NOK252.2M).


Debt to Equity History and Analysis

Debt Level: QFR's debt to equity ratio (57.2%) is considered high.

Reducing Debt: QFR's debt to equity ratio has increased from 55.2% to 57.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable QFR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: QFR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41% per year.


Dividend

What is Q-Free current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate QFR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate QFR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if QFR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QFR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of QFR's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Hakon Volldal (45 yo)

5.08yrs

Tenure

kr3,548,000

Compensation

Mr. Hakon Rypern Volldal has been the Chief Executive Officer of Q-Free ASA since August 1, 2016 and serves as its President. Mr. Volldal served as the Head of Business Area Collection Solutions at Tomra S...


CEO Compensation Analysis

Compensation vs Market: Hakon's total compensation ($USD412.01K) is about average for companies of similar size in the Norwegian market ($USD342.22K).

Compensation vs Earnings: Hakon's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: QFR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: QFR's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.7%.


Top Shareholders

Company Information

Q-Free ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Q-Free ASA
  • Ticker: QFR
  • Exchange: OB
  • Founded: 1984
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr1.055b
  • Shares outstanding: 111.24m
  • Website: https://www.q-free.com

Number of Employees


Location

  • Q-Free ASA
  • Strindfjordvegen 1
  • Ranheim
  • Trondheim
  • Sør-Trøndelag
  • 7053
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 16:20
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.