Quantafuel AS (QFUEL.OL) Stock Price

Quantafuel AS Price

Delisted·Feb 6, 2024
5.83NOK
Last traded price

Revenue has compounded at 86.3% per year over the past 7 years to 81.06 M NOK. Quantafuel AS's net margin stands at -516.6%, up from -30,615.1% several years earlier.

Quantafuel AS stock price

Volume
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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Quantafuel AS over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Quantafuel AS stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Quantafuel AS's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Quantafuel AS Stock Price History
DateQuantafuel AS Price
Access this data via the Eulerpool API

Quantafuel AS Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
497,000.00 NOK
-63.67 M NOK
-152.16 M NOK
Jan 1, 2020
8.39 M NOK
-123.63 M NOK
-496.70 M NOK
Jan 1, 2021
5.16 M NOK
-186.89 M NOK
-3.88 M NOK
Jan 1, 2022
53.44 M NOK
-396.96 M NOK
-384.44 M NOK
Jan 1, 2023
81.06 M NOK
-304.32 M NOK
-418.74 M NOK
Jan 1, 2024 (e)
1.06 B NOK
19.57 M NOK
0.00 NOK
Jan 1, 2025 (e)
1.18 B NOK
-236.29 M NOK
102.10 M NOK
Jan 1, 2026 (e)
5.05 B NOK
132.40 M NOK
595,256.30 NOK

Quantafuel AS Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 4, 2026, 8:19 PM
 
REVENUEB NOK
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM NOK
EBITM NOK
EBIT MARGIN%
NET INCOMEM NOK
NET INCOME GROWTH%
SHARESM
201620172018201920202021202220232024e2025e2026e
0.010.010.050.081.061.185.05
100.00-37.50960.0052.831,204.9411.73327.18
100.00-50.00-75.00-1,000.00-73.58-9.88-9.88-9.88-9.88
1.00-1.00-167.00-8.00-6.00-50.00-39.00-8.00-104.40-116.64-498.27
-26.00-29.00-208.00-63.00-123.00-186.00-396.00-304.0019.00-236.00132.00
-2,600.00-1,450.00-1,537.50-3,720.00-747.17-375.311.80-19.982.62
-27.00-34.00-217.00-152.00-496.00-3.00-384.00-418.00102.00
25.93538.24-29.95226.32-99.4012,700.008.85
40.6140.6140.61111.67134.5440.6140.6140.6140.6140.6140.61
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Quantafuel AS generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Quantafuel AS retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Quantafuel AS's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Quantafuel AS has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Quantafuel AS's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Quantafuel AS stock margins

The Quantafuel AS margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Quantafuel AS. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Quantafuel AS.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
-173.44 %
-12,810.86 %
-30,615.09 %
Jan 1, 2020
-76.52 %
-1,474.02 %
-5,922.25 %
Jan 1, 2021
-982.23 %
-3,621.10 %
-75.24 %
Jan 1, 2022
-73.09 %
-742.76 %
-719.33 %
Jan 1, 2023
-10.07 %
-375.42 %
-516.57 %
Jan 1, 2024 (e)
-10.07 %
1.85 %
0.00 %
Jan 1, 2025 (e)
-10.07 %
-20.00 %
8.64 %
Jan 1, 2026 (e)
-10.07 %
2.62 %
0.01 %

Quantafuel AS Stock Revenue, EBIT, Earnings per Share

The Quantafuel AS earnings per share therefore indicates how much revenue Quantafuel AS has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2019
0.00 NOK
-0.57 NOK
-1.36 NOK
Jan 1, 2020
0.06 NOK
-0.92 NOK
-3.69 NOK
Jan 1, 2021
0.13 NOK
-4.60 NOK
-0.10 NOK
Jan 1, 2022
0.00 NOK
0.00 NOK
0.00 NOK
Jan 1, 2023
0.00 NOK
0.00 NOK
0.00 NOK
Jan 1, 2024 (e)
6.46 NOK
0.48 NOK
0.00 NOK
Jan 1, 2025 (e)
7.22 NOK
-5.82 NOK
0.62 NOK
Jan 1, 2026 (e)
30.82 NOK
3.26 NOK
0.00 NOK

Quantafuel AS business model & stock analysis

Quantafuel AS is a leading company in the field of circular economy utilization of plastic waste and other organic residues. The company is headquartered in Norway and was founded in 2014 by Kjetil Bøhn and Frederik Lund with the aim of combating plastic pollution and promoting a sustainable future. The history of Quantafuel began with the development of an efficient technology that allows for the sorting of any plastic material and its conversion into recyclable raw materials. This process produces chemical raw materials that can be used to manufacture polymers and other oil-based products. With this unique technology, Quantafuel has ushered in a new era in the circular economy. Quantafuel's business model is based on processing waste into higher-value products. Full recycling of plastic waste saves resources such as petroleum and simultaneously reduces environmental pollution by avoiding the use of newly produced plastic. The applications of the products range from fuels to new plastic products. Quantafuel is divided into three different segments. The first segment is the production of chemical raw materials, where valuable raw materials are extracted from plastic waste and organic residues. The second segment is the production of fuels, where the same raw materials are processed to produce environmentally friendly fuels. The third segment is the production of plastic granules, where these chemical raw materials can be used as a substitute for new petroleum to promote the production of plastic products. Quantafuel has already filed several patent applications related to the technology and products. The company collaborates with various partners and organizations to implement the circular economy in practice. Through innovative solutions, Quantafuel aims to transform plastic waste from a byproduct into a raw material that can be used in many different applications. Quantafuel has carried out several successful projects in recent years. The company has received investments from renowned companies such as BASF, Vitol, and HSBC TMT. It is also positively perceived in politics and business. Mr. Ola Elvestuen, Minister of Climate and Environment in Norway, described Quantafuel as an important contribution to the future and one of the cornerstones of the new sustainable economy. Quantafuel's unique technology enables the upgrading of plastic waste and organic residues into valuable raw materials. The company's products have enormous potential for environmental protection and are an important addition for a more sustainable future. Since its founding, Quantafuel has made a significant contribution to improving the environment and will continue to play an important role in the fight against plastic pollution.

Quantafuel AS SWOT Analysis

Strengths

One of the major strengths of Quantafuel AS is its innovative technology that enables the production of high-quality synthetic fuels, chemicals, and waxes from various types of waste materials. This not only helps in waste management but also reduces the dependence on fossil fuels, making it environmentally friendly.

The company has a strong emphasis on research and development, resulting in continuous improvement and advancement of their technology. This not only gives them a competitive edge but also opens up opportunities for collaboration and partnerships with other organizations.

Weaknesses

One of the weaknesses of Quantafuel AS is the high capital investment required to build and operate their production facilities. This poses challenges in scaling up their operations and expanding into new markets. Additionally, the company is highly dependent on waste material suppliers and any disruptions in the supply chain could negatively impact their production.

Opportunities

With increasing global focus on sustainability and renewable energy sources, Quantafuel AS has significant opportunities for growth. Governments and industries worldwide are actively seeking alternatives to traditional fossil fuels, which opens up a potentially large market for the company's synthetic fuels and chemicals.

The company also has the opportunity to expand its operations internationally and establish strategic partnerships with waste management companies or energy producers. This can help them leverage each other's expertise and resources, leading to mutual benefits in terms of market penetration and technology transfer.

Threats

One of the main threats for Quantafuel AS is the competition from other companies working on similar technologies or alternative renewable energy solutions. The market for synthetic fuels and chemicals is highly dynamic and constantly evolving, making it crucial for the company to stay ahead in terms of innovation and cost-effectiveness.

Regulatory changes and government policies can also pose a threat to the company's operations. Changes in waste management regulations, subsidies, or environmental standards can impact the demand and profitability of their products, requiring constant adaptability and compliance.

Quantafuel AS Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Quantafuel AS historical P/E ratio, EBIT multiple, and P/S ratio

Quantafuel AS annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Quantafuel AS shares outstanding

The number of shares of Quantafuel AS was 40.61 M in 2025. This indicates how many shares Quantafuel AS is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
111.67 M Stocks
Jan 1, 2020
134.54 M Stocks
Jan 1, 2021
40.61 M Stocks
Jan 1, 2022
40.61 M Stocks
Jan 1, 2023
40.61 M Stocks
Jan 1, 2024 (e)
40.61 M Stocks
Jan 1, 2025 (e)
40.61 M Stocks
Jan 1, 2026 (e)
40.61 M Stocks

Quantafuel AS stock splits

In Quantafuel AS's history, there have been no stock splits.
Price targets and forecasts for Quantafuel AS are not yet available.

Quantafuel AS Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
2/26/2024-0.13NOK-71.07 MNOK-2023 Q4
8/29/2023-0.26NOK-52.78 MNOK-2023 Q2
5/11/2023-0.36NOK-26.39 MNOK-2023 Q1
2/28/2023-0.40NOK-16.75 MNOK-2022 Q4
11/15/2022-0.43NOK-8.12 MNOK-2022 Q3
8/31/2022-0.26NOK-20.81 MNOK-2022 Q2
11/11/2021-0.09NOK-25.37 MNOK-2021 Q3
8/31/2021-0.12NOK-11.16 MNOK-2021 Q2
4/28/2021-0.29NOK-10.15 MNOK-2021 Q1
2/23/2021-0.18NOK-7.10 MNOK-2020 Q4

Quantafuel AS shareholder structure

% Name
5.13808%
Deka Investment GmbH
Deka Investment GmbH
0.15415%
Raiffeisen Kapitalanlage-Gesellschaft mbH
Raiffeisen Kapitalanlage-Gesellschaft mbH
0.08570%
MK LUXINVEST S.A.
MK LUXINVEST S.A.
0.08570%
DFP Deutsche Finanz Portfolioverwaltung GmbH
DFP Deutsche Finanz Portfolioverwaltung GmbH
0.00000%
Odey Asset Management LLP
Odey Asset Management LLP
0.00000%
Bantleon Bank AG
Bantleon Bank AG

Quantafuel AS Beneficial Ownership Filings (SEC 13D/G)

Free Float
53.1%
Float Shares
-
Shares Outstanding
-

Quantafuel AS Executives and Management Board

14 members · avg. age 62 · 7 % women

Management

LR

Mr. Lars Rosenlov (53)

Chief Executive Officer

JF

Mr. Jorgen Faerevaag

Chief Financial Officer

TE

Mr. Terje Eiken

Chief Operating Officer

AN

Dr. Arnstein Norheim

Chief Technology Officer

IB

Mr. Inge Berge (51)

CSO

CL

Dr. Christian Lach

Chief Commercial Officer

Board of Directors

AA

Ms. Ann-Christin Andersen (56)

Executive Chairman of the Board · since 2019

TE

Dr. Thorleif Enger (75)

Director

JE

Mr. Jens Engwall (66)

Director

PH

Mr. Per-Anders Hjort

Director

BM

Mr. Bard Mikkelsen (74)

Director

DR

Mr. Dag Rasmussen (57)

Director

Frequently asked questions about Quantafuel AS

The business model of Quantafuel AS revolves around transforming plastic waste into low-carbon synthetic fuels and chemical products. By utilizing their proprietary technology, Quantafuel AS aims to contribute towards reducing plastic pollution while also providing an alternative to fossil fuels. Through continuous research and development, the company focuses on increasing the efficiency and scalability of their processes. With its sustainable approach, Quantafuel AS aims to create a circular economy by converting plastic waste into valuable resources.

Quantafuel AS is primarily active in the industries of waste management and circular economy.

The main competitors of Quantafuel AS in the market include companies such as Neste Corporation, Plastic Energy Ltd, and Agilyx Corporation. These companies also focus on the production of sustainable fuels and chemicals from waste plastics, competing in the same space as Quantafuel AS.

Quantafuel AS is a Norwegian company specializing in advanced waste-to-energy solutions. Founded in 2014, Quantafuel aims to address the global waste problem by converting plastic waste and other hydrocarbons into valuable products like synthetic fuels. The company utilizes its proprietary technology, Quantafuel Technology, to produce high-quality, low-emission fuels from non-recyclable plastic waste. Quantafuel's innovative approach and commitment to sustainability have garnered significant attention and partnerships with various industry players. As a frontrunner in the circular economy, Quantafuel AS continues to revolutionize waste management and contribute towards a greener and more sustainable future.

Quantafuel AS has achieved several significant milestones. In recent years, the company successfully developed and commercialized its innovative plastic-to-chemical recycling technology. This breakthrough has allowed them to convert various types of plastic waste into high-quality, low-carbon chemicals and fuels. Moreover, Quantafuel AS has established strategic partnerships with leading global corporations, enabling them to expand their operations and reach a wider market. The company has also received numerous awards and recognition for its sustainable approach to waste management and circular economy solutions. Overall, Quantafuel AS continues to make remarkable strides in revolutionizing the recycling industry through their innovative technologies and impactful achievements.

Quantafuel AS is primarily present in Norway, with its headquarters located in Oslo.

Quantafuel AS represents the values of innovation, sustainability, and circular economy. The company's corporate philosophy revolves around the belief that waste should be seen as a resource rather than a problem. By developing and implementing advanced technology, Quantafuel AS aims to transform non-recyclable plastic waste into high-quality, low-carbon fuels and chemical products. This approach promotes a more environmentally-friendly and economically-viable solution for waste management. Quantafuel AS strives to contribute to a cleaner and more sustainable future by continuously improving their processes and collaborating with various stakeholders in the industry.

8 analysts currently rate the Quantafuel AS stock: 0 recommend buying, 2 holding and 6 selling. For 2026, analysts expect Quantafuel AS to generate revenue of 5.05 B NOK and earnings per share of 0.01 NOK.

Converted at the current exchange rate, the Quantafuel AS share trades at 0.53 EUR (5.83 NOK).

The Quantafuel AS share (QFUEL.OL) is listed on 6 stock exchanges, including: Frankfurt (49Q.F), München (49Q.MU), Düsseldorf (49Q.DU), Berlin (49Q.BE).

The Norwegian company Quantafuel AS has developed a business model based on the recycling of plastic waste and other waste products. The company utilizes an innovative technology called QF-Technology, which reduces waste as much as possible and yields high-quality products. Quantafuel's business model consists of three main areas: waste recycling, production of environmentally friendly fuel, and recycling of plastics into granules. In waste recycling, Quantafuel works closely with municipal waste disposal companies and industrial customers. The company collects and sorts plastic waste and other waste products in its own development facility, assigning different compositions and classifications to the materials. This facility is a crucial part of the business model as it not only disposes of waste but also effectively recycles it, achieving a high recycling rate of up to 95%. The obtained plastics are then processed further in the recycling division. Quantafuel produces high-quality plastic granules that can be used to manufacture new products. This leads to a significant reduction in CO2 emissions by using recycled granules instead of new materials. The third pillar of Quantafuel's business model is the production of environmentally friendly fuel. Using the QF-Technology, the company is able to produce synthetic fuels from the collected waste products, biomass, and other feedstocks. The resulting fuel is not only renewable but also environmentally friendly, serving as an alternative to fossil fuels. Quantafuel's business model is therefore part of a circular economy, where waste is no longer considered useless but valuable raw materials. By utilizing the QF-Technology, the company elevates waste treatment to a new level, benefiting both the company and the environment by conserving resources and reducing CO2 emissions. Overall, Quantafuel's focus on sustainability and environmental protection is a central element of its business model. The company offers products and services that are not only environmentally sensible but also economically viable. By combining the different areas, Quantafuel is able to recover raw materials, economically exploit waste, and simultaneously reduce environmental impact.

The expected revenue of Quantafuel AS is 5.05 B NOK. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Quantafuel AS is 595,256.30 NOK. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Quantafuel AS is currently 397.71. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Quantafuel AS stock.

The price-to-sales ratio (P/S) of Quantafuel AS is currently 0.05. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Quantafuel AS stock.

The Eulerpool Quality Score for Quantafuel AS is 3/10.

The ISIN of Quantafuel AS is NO0010785967. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Quantafuel AS is A2PQT6. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Quantafuel AS is QFUEL.OL. The ticker symbol is used to trade Quantafuel AS shares on the stock exchange.

Quantafuel AS paid dividends every year for the past 0 years.

Quantafuel AS is assigned to the 'Industry' sector.

The dividends of Quantafuel AS are distributed in NOK.

All fundamentals and in-depth analysis of Quantafuel AS

Our stock analysis for Quantafuel AS stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Quantafuel AS. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.