ONESPAN INC (OSPN) Fundamental Analysis & Valuation

NASDAQ:OSPN • US68287N1000

Current stock price

10.41 USD
-0.04 (-0.38%)
Last:

This OSPN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. OSPN Profitability Analysis

1.1 Basic Checks

  • In the past year OSPN was profitable.
  • In the past year OSPN had a positive cash flow from operations.
  • In multiple years OSPN reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: OSPN reported negative operating cash flow in multiple years.
OSPN Yearly Net Income VS EBIT VS OCF VS FCFOSPN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M

1.2 Ratios

  • With an excellent Return On Assets value of 18.33%, OSPN belongs to the best of the industry, outperforming 95.67% of the companies in the same industry.
  • OSPN's Return On Equity of 26.82% is amongst the best of the industry. OSPN outperforms 91.34% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.97%, OSPN belongs to the top of the industry, outperforming 91.34% of the companies in the same industry.
Industry RankSector Rank
ROA 18.33%
ROE 26.82%
ROIC 13.97%
ROA(3y)8.29%
ROA(5y)2.33%
ROE(3y)11.65%
ROE(5y)2.79%
ROIC(3y)N/A
ROIC(5y)N/A
OSPN Yearly ROA, ROE, ROICOSPN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • OSPN has a better Profit Margin (29.98%) than 92.06% of its industry peers.
  • The Operating Margin of OSPN (20.59%) is better than 88.09% of its industry peers.
  • Looking at the Gross Margin, with a value of 73.75%, OSPN is in the better half of the industry, outperforming 60.65% of the companies in the same industry.
  • In the last couple of years the Gross Margin of OSPN has remained more or less at the same level.
Industry RankSector Rank
OM 20.59%
PM (TTM) 29.98%
GM 73.75%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.91%
GM growth 5Y1.5%
OSPN Yearly Profit, Operating, Gross MarginsOSPN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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7

2. OSPN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OSPN is still creating some value.
  • Compared to 1 year ago, OSPN has less shares outstanding
  • The number of shares outstanding for OSPN has been reduced compared to 5 years ago.
  • OSPN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
OSPN Yearly Shares OutstandingOSPN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
OSPN Yearly Total Debt VS Total AssetsOSPN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.2 Solvency

  • OSPN has an Altman-Z score of 3.81. This indicates that OSPN is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.81, OSPN is doing good in the industry, outperforming 71.84% of the companies in the same industry.
  • There is no outstanding debt for OSPN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 3.81
ROIC/WACC1.29
WACC10.8%
OSPN Yearly LT Debt VS Equity VS FCFOSPN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M 250M

2.3 Liquidity

  • OSPN has a Current Ratio of 1.50. This is a normal value and indicates that OSPN is financially healthy and should not expect problems in meeting its short term obligations.
  • OSPN's Current ratio of 1.50 is in line compared to the rest of the industry. OSPN outperforms 45.49% of its industry peers.
  • OSPN has a Quick Ratio of 1.41. This is a normal value and indicates that OSPN is financially healthy and should not expect problems in meeting its short term obligations.
  • OSPN has a Quick ratio (1.41) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.5
Quick Ratio 1.41
OSPN Yearly Current Assets VS Current LiabilitesOSPN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. OSPN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.98% over the past year.
  • The Earnings Per Share has been growing by 56.04% on average over the past years. This is a very strong growth
  • The Revenue has decreased by 0.00% in the past year.
  • Measured over the past years, OSPN shows a small growth in Revenue. The Revenue has been growing by 2.43% on average per year.
EPS 1Y (TTM)12.98%
EPS 3YN/A
EPS 5Y56.04%
EPS Q2Q%50%
Revenue 1Y (TTM)0%
Revenue growth 3Y3.55%
Revenue growth 5Y2.43%
Sales Q2Q%2.85%

3.2 Future

  • OSPN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.62% yearly.
  • OSPN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.92% yearly.
EPS Next Y-12.06%
EPS Next 2Y-4.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.41%
Revenue Next 2Y2.92%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
OSPN Yearly Revenue VS EstimatesOSPN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
OSPN Yearly EPS VS EstimatesOSPN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

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8

4. OSPN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 7.03, which indicates a rather cheap valuation of OSPN.
  • Compared to the rest of the industry, the Price/Earnings ratio of OSPN indicates a rather cheap valuation: OSPN is cheaper than 93.86% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of OSPN to the average of the S&P500 Index (25.73), we can say OSPN is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.00, which indicates a rather cheap valuation of OSPN.
  • OSPN's Price/Forward Earnings ratio is rather cheap when compared to the industry. OSPN is cheaper than 88.09% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.72. OSPN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.03
Fwd PE 8
OSPN Price Earnings VS Forward Price EarningsOSPN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, OSPN is valued cheaper than 96.03% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of OSPN indicates a rather cheap valuation: OSPN is cheaper than 92.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.74
EV/EBITDA 5.34
OSPN Per share dataOSPN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The decent profitability rating of OSPN may justify a higher PE ratio.
  • OSPN's earnings are expected to decrease with -4.62% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.13
EPS Next 2Y-4.62%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. OSPN Dividend Analysis

5.1 Amount

  • OSPN has a Yearly Dividend Yield of 4.58%, which is a nice return.
  • Compared to an average industry Dividend Yield of 0.59, OSPN pays a better dividend. On top of this OSPN pays more dividend than 96.75% of the companies listed in the same industry.
  • OSPN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 4.58%

5.2 History

  • OSPN is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
OSPN Yearly Dividends per shareOSPN Yearly Dividends per shareYearly Dividends per share 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 25.32% of the earnings are spent on dividend by OSPN. This is a low number and sustainable payout ratio.
DP25.32%
EPS Next 2Y-4.62%
EPS Next 3YN/A
OSPN Yearly Income VS Free CF VS DividendOSPN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M
OSPN Dividend Payout.OSPN Dividend Payout, showing the Payout Ratio.OSPN Dividend Payout.PayoutRetained Earnings

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OSPN Fundamentals: All Metrics, Ratios and Statistics

ONESPAN INC

NASDAQ:OSPN (3/20/2026, 2:43:58 PM)

10.41

-0.04 (-0.38%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-26
Earnings (Next)04-29
Inst Owners98.25%
Inst Owner Change-5.17%
Ins Owners1.91%
Ins Owner Change3.49%
Market Cap390.06M
Revenue(TTM)243.18M
Net Income(TTM)72.90M
Analysts80
Price Target16.83 (61.67%)
Short Float %5.37%
Short Ratio2.86
Dividend
Industry RankSector Rank
Dividend Yield 4.58%
Yearly Dividend0.49
Dividend Growth(5Y)N/A
DP25.32%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.11%
Min EPS beat(2)12.18%
Max EPS beat(2)20.05%
EPS beat(4)4
Avg EPS beat(4)20.36%
Min EPS beat(4)12.18%
Max EPS beat(4)35.33%
EPS beat(8)7
Avg EPS beat(8)47.84%
EPS beat(12)9
Avg EPS beat(12)72.64%
EPS beat(16)12
Avg EPS beat(16)75.88%
Revenue beat(2)1
Avg Revenue beat(2)-0.34%
Min Revenue beat(2)-3.86%
Max Revenue beat(2)3.18%
Revenue beat(4)1
Avg Revenue beat(4)-0.5%
Min Revenue beat(4)-3.86%
Max Revenue beat(4)3.18%
Revenue beat(8)5
Avg Revenue beat(8)2.71%
Revenue beat(12)8
Avg Revenue beat(12)2.67%
Revenue beat(16)11
Avg Revenue beat(16)2.68%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-4.16%
EPS NQ rev (3m)-4.16%
EPS NY rev (1m)-9.79%
EPS NY rev (3m)-9.79%
Revenue NQ rev (1m)1.96%
Revenue NQ rev (3m)1.96%
Revenue NY rev (1m)0.45%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 7.03
Fwd PE 8
P/S 1.6
P/FCF 7.74
P/OCF 6.56
P/B 1.43
P/tB 2.46
EV/EBITDA 5.34
EPS(TTM)1.48
EY14.22%
EPS(NY)1.3
Fwd EY12.5%
FCF(TTM)1.35
FCFY12.92%
OCF(TTM)1.59
OCFY15.24%
SpS6.49
BVpS7.25
TBVpS4.22
PEG (NY)N/A
PEG (5Y)0.13
Graham Number15.54
Profitability
Industry RankSector Rank
ROA 18.33%
ROE 26.82%
ROCE 17.69%
ROIC 13.97%
ROICexc 18.6%
ROICexgc 39.94%
OM 20.59%
PM (TTM) 29.98%
GM 73.75%
FCFM 20.73%
ROA(3y)8.29%
ROA(5y)2.33%
ROE(3y)11.65%
ROE(5y)2.79%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.91%
GM growth 5Y1.5%
F-Score6
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 89.82%
Cap/Sales 3.72%
Interest Coverage 250
Cash Conversion 98.85%
Profit Quality 69.14%
Current Ratio 1.5
Quick Ratio 1.41
Altman-Z 3.81
F-Score6
WACC10.8%
ROIC/WACC1.29
Cap/Depr(3y)131.56%
Cap/Depr(5y)98.02%
Cap/Sales(3y)4.29%
Cap/Sales(5y)3.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.98%
EPS 3YN/A
EPS 5Y56.04%
EPS Q2Q%50%
EPS Next Y-12.06%
EPS Next 2Y-4.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0%
Revenue growth 3Y3.55%
Revenue growth 5Y2.43%
Sales Q2Q%2.85%
Revenue Next Year2.41%
Revenue Next 2Y2.92%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1.68%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-0.59%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y8.73%
FCF growth 3YN/A
FCF growth 5Y33.65%
OCF growth 1Y6.8%
OCF growth 3YN/A
OCF growth 5Y31.85%

ONESPAN INC / OSPN Fundamental Analysis FAQ

What is the fundamental rating for OSPN stock?

ChartMill assigns a fundamental rating of 6 / 10 to OSPN.


What is the valuation status of ONESPAN INC (OSPN) stock?

ChartMill assigns a valuation rating of 8 / 10 to ONESPAN INC (OSPN). This can be considered as Undervalued.


How profitable is ONESPAN INC (OSPN) stock?

ONESPAN INC (OSPN) has a profitability rating of 6 / 10.


What is the valuation of ONESPAN INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ONESPAN INC (OSPN) is 7.03 and the Price/Book (PB) ratio is 1.43.


How financially healthy is ONESPAN INC?

The financial health rating of ONESPAN INC (OSPN) is 7 / 10.