OB:QFR

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Q-Free's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QFR is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: QFR's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

0%

QFR

-6.5%

NO Electronic

1.1%

NO Market


1 Year Return

19.8%

QFR

114.3%

NO Electronic

39.7%

NO Market

Return vs Industry: QFR underperformed the Norwegian Electronic industry which returned 105.4% over the past year.

Return vs Market: QFR underperformed the Norwegian Market which returned 26.1% over the past year.


Shareholder returns

QFRIndustryMarket
7 Day0%-6.5%1.1%
30 Day15.5%2.4%2.9%
90 Day27.0%10.8%13.0%
1 Year19.8%19.8%119.2%114.3%45.1%39.7%
3 Year-19.6%-19.6%-31.6%-33.0%19.5%5.7%
5 Year-35.6%-35.6%-58.5%-59.1%78.0%43.7%

Long-Term Price Volatility Vs. Market

How volatile is Q-Free's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.8x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: QFR (NOK6.35) is trading above our estimate of fair value (NOK0.45)

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 XE 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 (1.8x) compared to the NO Electronic industry average (4.2x).


Next Steps

Future Growth

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

16.2%

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.


Next Steps

Past Performance

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

41.2%

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 41.2% 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 (-2%).


Return on Equity

High ROE: QFR has a negative Return on Equity (-13.16%), as it is currently unprofitable.


Next Steps

Financial Health

How is Q-Free's financial position?


Financial Position Analysis

Short Term Liabilities: QFR's short term assets (NOK432.3M) exceed its short term liabilities (NOK265.4M).

Long Term Liabilities: QFR's short term assets (NOK432.3M) exceed its long term liabilities (NOK269.5M).


Debt to Equity History and Analysis

Debt Level: QFR's debt to equity ratio (90.5%) is considered high.

Reducing Debt: QFR's debt to equity ratio has increased from 36.2% to 90.5% 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 32.8% per year.


Next Steps

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?

2.8yrs

Average management tenure


CEO

Håkon Volldal (44 yo)

4.58yrs

Tenure

kr5,059,000

Compensation

Mr. Håkon 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: Håkon's total compensation ($USD591.12K) is above average for companies of similar size in the Norwegian market ($USD368.03K).

Compensation vs Earnings: Håkon's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Håkon Volldal
CEO & President4.58yrskr5.06m0.20%
NOK 1.5m
Jan-Erik Sandberg
Chief Technology Officer2.17yrskr1.63mno data
Morten Andersson
Executive Vice President of Traffic Management9yrskr3.91mno data
Fredrik Nordh
Executive Vice President of Tolling3.5yrskr3.26m0.036%
NOK 264.0k
Trond Christensen
Interim Chief Financial Officer1.33yrsno datano data
Idunn Bjelland de Garcia
Senior Vice President of Brand1.17yrsno datano data
Steinar Furan
Advisor to Chief Executive Officerno datakr1.94mno data

2.8yrs

Average Tenure

46yo

Average Age

Experienced Management: QFR's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Trond Valvik
Chairman of the Board1.17yrskr340.00k0.22%
NOK 1.6m
Snorre Kjesbu
Independent Vice Chair of the Board1.17yrskr256.00k0.076%
NOK 557.7k
Ingeborg Hegstad
Independent Director3.17yrsno data0.038%
NOK 280.2k
Trine Strømsnes
Director1.83yrsno datano data
Geir Bjørlo
Directorno datano data0.11%
NOK 773.2k
Brage Blekken
Employee Elected Director1.17yrsno datano data
Yngve Halmø
Employee Elected Director1.17yrsno datano data

1.2yrs

Average Tenure

44yo

Average Age

Experienced Board: QFR's board of directors are not considered experienced ( 1.2 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: QFR 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 company bio, 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: kr734.213m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QFROB (Oslo Bors)YesOrdinary SharesNONOKApr 2002
0JXGLSE (London Stock Exchange)YesOrdinary SharesGBNOKApr 2002
QFRE.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2002
8UGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2002
QFROBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKApr 2002

Biography

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 con...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 17:22
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
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.