Q-Free ASA
Q-Free ASA supplies intelligent transportation system products and solutions worldwide. The company operates through two segments, Tolling and Traffic Management. It offers tolling products, including dedicated short-range communication (DSRC)on-board units/transponders, DSRC transceivers, handheld transceivers, security servers, and automated license plate recognition (ALPR) cameras/imaging syst… Read more
Q-Free ASA (QFREF) - Net Assets
Latest net assets as of September 2023: $544.60 Million USD
Based on the latest financial reports, Q-Free ASA (QFREF) has net assets worth $544.60 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.10 Billion) and total liabilities ($557.12 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $544.60 Million |
| % of Total Assets | 49.43% |
| Annual Growth Rate | -0.89% |
| 5-Year Change | 22.52% |
| 10-Year Change | N/A |
| Growth Volatility | 18.39 |
Q-Free ASA - Net Assets Trend (2014–2022)
This chart illustrates how Q-Free ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Q-Free ASA (2014–2022)
The table below shows the annual net assets of Q-Free ASA from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $493.03 Million | +10.11% |
| 2021-12-31 | $447.75 Million | +43.00% |
| 2020-12-31 | $313.12 Million | -12.42% |
| 2019-12-31 | $357.50 Million | -11.16% |
| 2018-12-31 | $402.40 Million | -2.86% |
| 2017-12-31 | $414.23 Million | -2.97% |
| 2016-12-31 | $426.90 Million | +2.50% |
| 2015-12-31 | $416.50 Million | -21.33% |
| 2014-12-31 | $529.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Q-Free ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1585.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $42.27 Million | 8.57% |
| Other Comprehensive Income | $12.18 Million | 2.47% |
| Other Components | $658.69 Million | 133.60% |
| Total Equity | $493.03 Million | 100.00% |
Q-Free ASA Competitors by Market Cap
The table below lists competitors of Q-Free ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Runa Smart Equipment Co. Ltd.
SHE:301129
|
$128.30 Million |
|
Hangzhou Hota M&E Holdings Co. Ltd. A
SHE:001225
|
$128.32 Million |
|
HyVision System. Inc
KQ:126700
|
$128.35 Million |
|
PRIORITY TECH. HL.DL-001
F:60W
|
$128.39 Million |
|
Chengdu Dahongli Machinery Co Ltd
SHE:300865
|
$128.29 Million |
|
Biofarm Bucure
RO:BIO
|
$128.28 Million |
|
CN EVERBRIGHT WATER HD 1
F:BIU2
|
$128.27 Million |
|
Shanghai Rightongene Biotechnology Co. Ltd. A
SHG:688217
|
$128.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Q-Free ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 447,754,000 to 493,031,000, a change of 45,277,000 (10.1%).
- Net income of 2,779,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,506,148.
- Other factors increased equity by 38,991,852.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.78 Million | +0.56% |
| Other Comprehensive Income | $3.51 Million | +0.71% |
| Other Changes | $38.99 Million | +7.91% |
| Total Change | $- | 10.11% |
Book Value vs Market Value Analysis
This analysis compares Q-Free ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.29x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $4.64 | $1.26 | x |
| 2018-12-31 | $4.51 | $1.26 | x |
| 2019-12-31 | $3.90 | $1.26 | x |
| 2020-12-31 | $2.91 | $1.26 | x |
| 2021-12-31 | $4.00 | $1.26 | x |
| 2022-12-31 | $4.42 | $1.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Q-Free ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.29%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.20x
- Recent ROE (0.56%) is above the historical average (-10.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -5.43% | -3.67% | 0.80x | 1.86x | $-81.70 Million |
| 2015 | -46.75% | -25.50% | 0.77x | 2.39x | $-236.35 Million |
| 2016 | -19.59% | -9.57% | 0.88x | 2.32x | $-126.32 Million |
| 2017 | -5.00% | -2.13% | 0.91x | 2.58x | $-62.15 Million |
| 2018 | -2.01% | -0.91% | 0.95x | 2.34x | $-48.32 Million |
| 2019 | -13.98% | -5.19% | 1.09x | 2.47x | $-85.73 Million |
| 2020 | -13.09% | -4.61% | 1.05x | 2.71x | $-72.31 Million |
| 2021 | 13.09% | 6.82% | 0.91x | 2.12x | $13.85 Million |
| 2022 | 0.56% | 0.29% | 0.88x | 2.20x | $-46.52 Million |
Industry Comparison
This section compares Q-Free ASA's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $4,335,936,661,567
- Average return on equity (ROE) among peers: 9.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Q-Free ASA (QFREF) | $544.60 Million | -5.43% | 1.02x | $128.29 Million |
| Mobile Infrastructure Corporation (BEEP) | $167.61 Million | -4.64% | 0.93x | $36.57 Million |
| Yuexiu Transport Infrastructure Limited (GZITF) | $10.44 Billion | 5.83% | 0.68x | $388.13 Million |
| Jiangsu Expressway Company Limited (JEXYF) | $32.68 Billion | 12.85% | 0.70x | $2.03 Billion |
| Atlas Arteria Limited (MAQAF) | $6.49 Billion | 4.11% | 0.28x | $4.64 Billion |
| PT Jasa Marga (Persero) Tbk (PTJSF) | $38.91 Trillion | 17.46% | 2.32x | $448.70 Million |
| Promotora y Operadora de Infraestructura S. A. B. de C. V (PYOIF) | $33.03 Billion | 14.49% | 0.24x | $1.91 Billion |
| Shenzhen Expressway Company Limited (SHZNF) | $10.87 Billion | 6.30% | 1.23x | $529.41 Million |
| Shenzhen Investment Bay Area Co Ltd (SIHBY) | $7.39 Billion | 3.77% | 0.65x | $560.29 Million |
| Transurban Group (TRAUF) | $11.15 Billion | 29.62% | 2.20x | $24.79 Billion |