Q-Free ASA supplies intelligent transportation system products and solutions worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr9.42|
|52 Week High||kr4.16|
|52 Week Low||kr11.80|
|1 Month Change||8.28%|
|3 Month Change||-12.37%|
|1 Year Change||115.07%|
|3 Year Change||19.85%|
|5 Year Change||17.90%|
|Change since IPO||-42.56%|
Recent News & Updates
|QFR||NO Electronic||NO Market|
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.
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
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
|QFR fundamental statistics|
Is QFR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|QFR income statement (TTM)|
|Cost of Revenue||kr345.37m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||-0.11|
|Net Profit Margin||-1.35%|
How did QFR perform over the long term?See historical performance and comparison
Is Q-Free undervalued compared to its fair value and its price relative to the market?
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).
How is Q-Free forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Q-Free performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hakon Volldal (45 yo)
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.
Experienced Management: QFR's management team is considered experienced (3.3 years average tenure).
Experienced Board: QFR's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.7%.
Q-Free ASA's employee growth, exchange listings and data sources
- 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
- Q-Free ASA
- Strindfjordvegen 1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 16:20|
|End of Day Share Price||2021/09/27 00:00|
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.