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Q-Free

BATS-CHIXE:QFRO
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QFRO
BATS-CHIXE
NOK321M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Q-Free ASA supplies intelligent transportation system products and solutions worldwide. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Q-Free has significant price volatility in the past 3 months.
QFRO Share Price and Events
7 Day Returns
-7.9%
BATS-CHIXE:QFRO
0%
GB Electronic
1.7%
GB Market
1 Year Returns
-
BATS-CHIXE:QFRO
-5.1%
GB Electronic
-21.8%
GB Market
QFRO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Q-Free (QFRO) -7.9% -38.1% - - -57% -73.9%
GB Electronic 0% -5.2% -14.2% -5.1% 23.9% 64.7%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • No trading data on QFRO.
  • No trading data on QFRO.
Price Volatility
QFRO
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Q-Free undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Q-Free. This is due to cash flow or dividend data being unavailable. The share price is NOK3.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Q-Free's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Q-Free's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:QFRO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK-0.26
OB:QFR Share Price ** OB (2020-04-06) in NOK NOK3.6
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.39x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Q-Free.

BATS-CHIXE:QFRO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:QFR Share Price ÷ EPS (both in NOK)

= 3.6 ÷ -0.26

-13.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Q-Free is loss making, we can't compare its value to the GB Electronic industry average.
  • Q-Free is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Q-Free's expected growth come at a high price?
Raw Data
BATS-CHIXE:QFRO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.08x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Q-Free, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Q-Free's assets?
Raw Data
BATS-CHIXE:QFRO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK4.24
OB:QFR Share Price * OB (2020-04-06) in NOK NOK3.6
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:QFRO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:QFR Share Price ÷ Book Value per Share (both in NOK)

= 3.6 ÷ 4.24

0.85x

* Primary Listing of Q-Free.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Q-Free is good value based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Q-Free's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Q-Free has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Q-Free expected to grow at an attractive rate?
  • Unable to compare Q-Free's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Q-Free's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Q-Free's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:QFRO Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:QFRO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:QFRO Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BATS-CHIXE:QFRO Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 962 25 -24
2019-09-30 958 12 -6
2019-06-30 933 -8 -37
2019-03-31 908 184 -22
2018-12-31 889 158 -8
2018-09-30 912 135 8
2018-06-30 927 131 -5
2018-03-31 942 -21 -15
2017-12-31 973 -51 -11
2017-09-30 947 -38 -24
2017-06-30 911 -80 -45
2017-03-31 899 -113 -46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Q-Free is high growth as no earnings estimate data is available.
  • Unable to determine if Q-Free is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:QFRO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Q-Free Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:QFRO Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BATS-CHIXE:QFRO Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 -0.26
2019-09-30 -0.06
2019-06-30 -0.42
2019-03-31 -0.25
2018-12-31 -0.09
2018-09-30 0.08
2018-06-30 -0.05
2018-03-31 -0.16
2017-12-31 -0.13
2017-09-30 -0.27
2017-06-30 -0.54
2017-03-31 -0.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Q-Free will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Q-Free's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Q-Free's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Q-Free's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Q-Free has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Q-Free's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Q-Free does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Q-Free's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Q-Free's 1-year growth to the GB Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Q-Free's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Q-Free Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:QFRO Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 962.32 -23.53 337.91
2019-09-30 958.04 -5.64 355.34
2019-06-30 932.88 -37.29 358.45
2019-03-31 907.68 -22.47 353.62
2018-12-31 888.65 -8.08 351.48
2018-09-30 911.72 7.56 350.66
2018-06-30 927.47 -4.84 342.53
2018-03-31 942.03 -14.72 336.75
2017-12-31 973.48 -11.26 341.14
2017-09-30 946.67 -24.22 306.68
2017-06-30 910.93 -45.37 320.93
2017-03-31 898.84 -45.91 323.91
2016-12-31 873.46 -53.42 318.20
2016-09-30 807.07 -202.89 317.63
2016-06-30 832.25 -173.19 307.82
2016-03-31 782.99 -166.75 293.98
2015-12-31 763.65 -188.09 279.90
2015-09-30 846.08 -59.19 299.81
2015-06-30 799.33 -51.99 276.14
2015-03-31 807.25 -58.15 260.68
2014-12-31 784.64 -28.76 249.19
2014-09-30 680.16 -74.95 198.32
2014-06-30 674.03 -67.24 188.45
2014-03-31 635.28 -69.76 182.10
2013-12-31 604.99 -112.09 203.86
2013-09-30 659.72 -29.40 222.12
2013-06-30 643.55 -53.20 219.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Q-Free has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Q-Free has efficiently used its assets last year compared to the GB Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Q-Free improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Q-Free's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Q-Free has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Q-Free's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Q-Free's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Q-Free is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Q-Free's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Q-Free's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Q-Free Company Filings, last reported 3 months ago.

BATS-CHIXE:QFRO Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 383.95 232.02 31.05
2019-09-30 408.81 257.81 31.87
2019-06-30 368.95 277.05 24.85
2019-03-31 378.28 255.29 102.16
2018-12-31 402.40 215.52 89.70
2018-09-30 393.85 229.96 85.89
2018-06-30 400.80 232.23 81.20
2018-03-31 399.82 355.18 94.38
2017-12-31 414.23 328.69 113.63
2017-09-30 408.63 338.52 129.26
2017-06-30 434.00 315.42 103.59
2017-03-31 430.82 277.66 74.97
2016-12-31 426.90 229.46 101.47
2016-09-30 330.40 273.89 19.20
2016-06-30 394.76 216.76 17.69
2016-03-31 406.40 182.26 52.91
2015-12-31 416.50 150.00 65.35
2015-09-30 461.15 150.00 62.13
2015-06-30 479.89 150.00 97.75
2015-03-31 473.29 100.00 130.36
2014-12-31 529.40 100.00 164.13
2014-09-30 524.96 100.00 141.48
2014-06-30 520.62 100.00 192.13
2014-03-31 505.16 100.00 226.56
2013-12-31 504.53 100.00 292.24
2013-09-30 581.97 100.00 270.53
2013-06-30 579.56 100.00 255.18
  • Q-Free's level of debt (60.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.9% vs 60.4% today).
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.

  • Q-Free has sufficient cash runway for 2.9 years based on current free cash flow.
  • Q-Free has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of -18.8% each year.
X
Financial health checks
We assess Q-Free's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Q-Free has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Q-Free dividends.
If you bought NOK2,000 of Q-Free shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Q-Free's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Q-Free's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:QFRO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:QFRO Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Q-Free has not reported any payouts.
  • Unable to verify if Q-Free's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Q-Free's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Q-Free has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Q-Free's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Q-Free afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Q-Free has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Q-Free's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Håkon Volldal
COMPENSATION NOK4,522,000
AGE 43
TENURE AS CEO 3.7 years
CEO Bio

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 Systems ASA from November 2008 to August 2016 and served as its Executive Vice President until August 1, 2016 and its Senior Vice President. He served as Senior Vice President of Business Development at Tomra Systems ASA since November 2008. Mr. Volldal joined TOMRA in 2004 as its Director Mergers & Acquisitions. He served as Management Consultant of McKinsey & Company from 2000 to 2004. Mr. Volldal serves as Chairman of Bright Future AS. He holds a Master of Science in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU), Norway.

CEO Compensation
  • Håkon's compensation has increased whilst company is loss making.
  • Håkon's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Q-Free management team in years:

1.3
Average Tenure
44
Average Age
  • The average tenure for the Q-Free management team is less than 2 years, this suggests a new team.
Management Team

Håkon Volldal

TITLE
CEO & President
COMPENSATION
NOK5M
AGE
43
TENURE
3.7 yrs

Jan-Erik Sandberg

TITLE
Chief Technology Officer
COMPENSATION
NOK3M
AGE
41
TENURE
1.3 yrs

Morten Andersson

TITLE
Executive Vice President of Traffic Management
COMPENSATION
NOK3M
AGE
62

Fredrik Nordh

TITLE
Executive Vice President of Tolling
COMPENSATION
NOK3M
AGE
45
TENURE
2.6 yrs

Trond Christensen

TITLE
Interim Chief Financial Officer
TENURE
0.4 yrs

Idunn Bjelland de Garcia

TITLE
Senior Vice President of Brand
AGE
36
TENURE
0.3 yrs

Steinar Furan

TITLE
Advisor to Chief Executive Officer
COMPENSATION
NOK2M
AGE
56
Board of Directors Tenure

Average tenure and age of the Q-Free board of directors in years:

2.3
Average Tenure
42.5
Average Age
  • The average tenure for the Q-Free board of directors is less than 3 years, this suggests a new board.
Board of Directors

Trond Valvik

TITLE
Acting Chairman of the Board
COMPENSATION
NOK680K
AGE
39
TENURE
0.3 yrs

Snorre Kjesbu

TITLE
Independent Director
COMPENSATION
NOK512K
AGE
50
TENURE
4.2 yrs

Rune Jøraandstad

TITLE
Employee Director
COMPENSATION
NOK160K
AGE
42
TENURE
3.9 yrs

Ingeborg Hegstad

TITLE
Members of the Board of Directors
AGE
43
TENURE
2.3 yrs

Olav Gulling

TITLE
Employee Director
AGE
39
TENURE
2.3 yrs

Trine Strømsnes

TITLE
Director
AGE
50
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
13. Feb 20 Buy Rieberg & Soen AS Company 12. Feb 20 12. Feb 20 1,538,196 NOK6.50 NOK9,998,276
12. Jul 19 Buy Rieberg & Soen AS Company 12. Jul 19 12. Jul 19 1,000,000 NOK7.22 NOK7,219,998
05. Jun 19 Buy Håkon Volldal Individual 05. Jun 19 05. Jun 19 27,500 NOK7.54 NOK207,350
16. May 19 Buy Rieberg & Soen AS Company 16. May 19 16. May 19 494,111 NOK7.49 NOK3,700,892
X
Management checks
We assess Q-Free's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Q-Free has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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/ ANPR solutions, electronic toll collection systems, and congestion charging systems; parking guidance and parking access control systems; weigh in motion, cycle and pedestrian detection, journey time monitoring, and weather and air-quality monitoring products, as well as traffic counters; traffic controllers, and centralized traffic controller SW and co-operative ITS products; and advanced traffic management, traffic information, ramp metering, and truck parking products. It also provides service and maintenance services. The company was formerly known as Micro Design AS and changed its name to Q-Free ASA in 1998. Q-Free ASA was founded in 1984 and is headquartered in Trondheim, Norway.

Details
Name: Q-Free ASA
QFRO
Exchange: BATS-CHIXE
Founded: 1984
NOK321,204,405
89,223,446
Website: http://www.q-free.com
Address: Q-Free ASA
Strindfjordvegen 1,
Ranheim,
Trondheim,
Sør-Trøndelag, 7053,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB QFR Ordinary Shares Oslo Bors NO NOK 03. Apr 2002
OTCPK QFRE.F Ordinary Shares Pink Sheets LLC US USD 03. Apr 2002
LSE 0JXG Ordinary Shares London Stock Exchange GB NOK 03. Apr 2002
BATS-CHIXE QFRO Ordinary Shares BATS 'Chi-X Europe' GB NOK 03. Apr 2002
Number of employees
Current staff
Staff numbers
396
Q-Free employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 20:04
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2019/04/29
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.