WAVESTONE (WAVE.PA) Stock Fundamental Analysis
EPA:WAVE • FR0013357621
48.35 EUR
-0.45 (-0.92%)
Last: Feb 27, 2026, 07:00 PM
We assign a fundamental rating of 6 out of 10 to WAVE. WAVE was compared to 65 industry peers in the IT Services industry. Both the health and profitability get an excellent rating, making WAVE a very profitable company, without any liquidiy or solvency issues. WAVE is not valued too expensively and it also shows a decent growth rate. This makes WAVE very considerable for quality investing!
1. Profitability
1.1 Basic Checks
- WAVE had positive earnings in the past year.
- In the past year WAVE had a positive cash flow from operations.
- WAVE had positive earnings in each of the past 5 years.
- Each year in the past 5 years WAVE had a positive operating cash flow.
1.2 Ratios
- WAVE has a better Return On Assets (8.42%) than 84.62% of its industry peers.
- WAVE's Return On Equity of 12.21% is in line compared to the rest of the industry. WAVE outperforms 50.77% of its industry peers.
- The Return On Invested Capital of WAVE (11.36%) is better than 73.85% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for WAVE is in line with the industry average of 11.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.42% | ||
| ROE | 12.21% | ||
| ROIC | 11.36% |
ROA(3y)7.66%
ROA(5y)7.8%
ROE(3y)12.97%
ROE(5y)14.22%
ROIC(3y)11.44%
ROIC(5y)12.28%
1.3 Margins
- Looking at the Profit Margin, with a value of 8.33%, WAVE belongs to the top of the industry, outperforming 83.08% of the companies in the same industry.
- WAVE's Profit Margin has improved in the last couple of years.
- The Operating Margin of WAVE (11.74%) is better than 84.62% of its industry peers.
- WAVE's Operating Margin has declined in the last couple of years.
- WAVE has a better Gross Margin (85.44%) than 75.38% of its industry peers.
- WAVE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.74% | ||
| PM (TTM) | 8.33% | ||
| GM | 85.44% |
OM growth 3Y-9.16%
OM growth 5Y-1.75%
PM growth 3Y-9.65%
PM growth 5Y1.65%
GM growth 3Y-4.64%
GM growth 5Y-2.67%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WAVE is still creating some value.
- WAVE has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, WAVE has more shares outstanding
- The debt/assets ratio for WAVE has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 4.59 indicates that WAVE is not in any danger for bankruptcy at the moment.
- WAVE's Altman-Z score of 4.59 is amongst the best of the industry. WAVE outperforms 93.85% of its industry peers.
- The Debt to FCF ratio of WAVE is 0.39, which is an excellent value as it means it would take WAVE, only 0.39 years of fcf income to pay off all of its debts.
- WAVE has a better Debt to FCF ratio (0.39) than 96.92% of its industry peers.
- A Debt/Equity ratio of 0.03 indicates that WAVE is not too dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.03, WAVE belongs to the best of the industry, outperforming 95.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.39 | ||
| Altman-Z | 4.59 |
ROIC/WACC1.47
WACC7.71%
2.3 Liquidity
- WAVE has a Current Ratio of 1.37. This is a normal value and indicates that WAVE is financially healthy and should not expect problems in meeting its short term obligations.
- WAVE has a better Current ratio (1.37) than 64.62% of its industry peers.
- A Quick Ratio of 1.37 indicates that WAVE should not have too much problems paying its short term obligations.
- WAVE has a Quick ratio of 1.37. This is in the better half of the industry: WAVE outperforms 70.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
- WAVE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.20%, which is quite impressive.
- The Earnings Per Share has been growing by 14.55% on average over the past years. This is quite good.
- WAVE shows a small growth in Revenue. In the last year, the Revenue has grown by 7.00%.
- Measured over the past years, WAVE shows a quite strong growth in Revenue. The Revenue has been growing by 17.46% on average per year.
EPS 1Y (TTM)22.2%
EPS 3Y6.62%
EPS 5Y14.55%
EPS Q2Q%11.64%
Revenue 1Y (TTM)7%
Revenue growth 3Y26.15%
Revenue growth 5Y17.46%
Sales Q2Q%0.06%
3.2 Future
- WAVE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.42% yearly.
- Based on estimates for the next years, WAVE will show a small growth in Revenue. The Revenue will grow by 3.67% on average per year.
EPS Next Y10.61%
EPS Next 2Y11.85%
EPS Next 3Y11.42%
EPS Next 5YN/A
Revenue Next Year1.71%
Revenue Next 2Y2.92%
Revenue Next 3Y3.67%
Revenue Next 5YN/A
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.02, WAVE is valued correctly.
- Based on the Price/Earnings ratio, WAVE is valued a bit cheaper than 63.08% of the companies in the same industry.
- WAVE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.10.
- WAVE is valuated correctly with a Price/Forward Earnings ratio of 12.26.
- WAVE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WAVE is cheaper than 61.54% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of WAVE to the average of the S&P500 Index (28.06), we can say WAVE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.02 | ||
| Fwd PE | 12.26 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, WAVE is valued a bit more expensive than 61.54% of the companies in the same industry.
- WAVE's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.53 | ||
| EV/EBITDA | 9.65 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- WAVE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.41
PEG (5Y)1.03
EPS Next 2Y11.85%
EPS Next 3Y11.42%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.76%, WAVE is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 2.72, WAVE is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.80, WAVE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
5.2 History
- On average, the dividend of WAVE grows each year by 10.75%, which is quite nice.
Dividend Growth(5Y)10.75%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- 14.36% of the earnings are spent on dividend by WAVE. This is a low number and sustainable payout ratio.
- WAVE's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP14.36%
EPS Next 2Y11.85%
EPS Next 3Y11.42%
EPA:WAVE (2/27/2026, 7:00:00 PM)
48.35
-0.45 (-0.92%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-02 2026-02-02
Earnings (Next)04-30 2026-04-30
Inst Owners15.79%
Inst Owner ChangeN/A
Ins Owners44.17%
Ins Owner ChangeN/A
Market Cap1.20B
Revenue(TTM)943.94M
Net Income(TTM)78.64M
Analysts83.64
Price Target67.32 (39.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
Yearly Dividend0.38
Dividend Growth(5Y)10.75%
DP14.36%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)6.25%
PT rev (3m)3.22%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)4.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.02 | ||
| Fwd PE | 12.26 | ||
| P/S | 1.28 | ||
| P/FCF | 11.53 | ||
| P/OCF | 11.09 | ||
| P/B | 1.87 | ||
| P/tB | 23.21 | ||
| EV/EBITDA | 9.65 |
EPS(TTM)3.22
EY6.66%
EPS(NY)3.94
Fwd EY8.16%
FCF(TTM)4.19
FCFY8.67%
OCF(TTM)4.36
OCFY9.02%
SpS37.89
BVpS25.86
TBVpS2.08
PEG (NY)1.41
PEG (5Y)1.03
Graham Number43.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.42% | ||
| ROE | 12.21% | ||
| ROCE | 15.59% | ||
| ROIC | 11.36% | ||
| ROICexc | 11.36% | ||
| ROICexgc | 68.23% | ||
| OM | 11.74% | ||
| PM (TTM) | 8.33% | ||
| GM | 85.44% | ||
| FCFM | 11.07% |
ROA(3y)7.66%
ROA(5y)7.8%
ROE(3y)12.97%
ROE(5y)14.22%
ROIC(3y)11.44%
ROIC(5y)12.28%
ROICexc(3y)13%
ROICexc(5y)22.97%
ROICexgc(3y)170.44%
ROICexgc(5y)N/A
ROCE(3y)15.72%
ROCE(5y)16.86%
ROICexgc growth 3YN/A
ROICexgc growth 5Y-18.03%
ROICexc growth 3Y-39.81%
ROICexc growth 5Y-10.07%
OM growth 3Y-9.16%
OM growth 5Y-1.75%
PM growth 3Y-9.65%
PM growth 5Y1.65%
GM growth 3Y-4.64%
GM growth 5Y-2.67%
F-Score9
Asset Turnover1.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.39 | ||
| Debt/EBITDA | 0.13 | ||
| Cap/Depr | 21.21% | ||
| Cap/Sales | 0.43% | ||
| Interest Coverage | 95.53 | ||
| Cash Conversion | 83.42% | ||
| Profit Quality | 132.85% | ||
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z | 4.59 |
F-Score9
WACC7.71%
ROIC/WACC1.47
Cap/Depr(3y)28.68%
Cap/Depr(5y)20.92%
Cap/Sales(3y)0.55%
Cap/Sales(5y)0.39%
Profit Quality(3y)107.99%
Profit Quality(5y)141.92%
High Growth Momentum
Growth
EPS 1Y (TTM)22.2%
EPS 3Y6.62%
EPS 5Y14.55%
EPS Q2Q%11.64%
EPS Next Y10.61%
EPS Next 2Y11.85%
EPS Next 3Y11.42%
EPS Next 5YN/A
Revenue 1Y (TTM)7%
Revenue growth 3Y26.15%
Revenue growth 5Y17.46%
Sales Q2Q%0.06%
Revenue Next Year1.71%
Revenue Next 2Y2.92%
Revenue Next 3Y3.67%
Revenue Next 5YN/A
EBIT growth 1Y17.7%
EBIT growth 3Y14.59%
EBIT growth 5Y15.41%
EBIT Next Year23.85%
EBIT Next 3Y14.66%
EBIT Next 5YN/A
FCF growth 1Y93%
FCF growth 3Y14.75%
FCF growth 5Y10.08%
OCF growth 1Y87.14%
OCF growth 3Y16.59%
OCF growth 5Y10.05%
WAVESTONE / WAVE.PA FAQ
What is the ChartMill fundamental rating of WAVESTONE (WAVE.PA) stock?
ChartMill assigns a fundamental rating of 6 / 10 to WAVE.PA.
Can you provide the valuation status for WAVESTONE?
ChartMill assigns a valuation rating of 4 / 10 to WAVESTONE (WAVE.PA). This can be considered as Fairly Valued.
Can you provide the profitability details for WAVESTONE?
WAVESTONE (WAVE.PA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of WAVESTONE (WAVE.PA) stock?
The Price/Earnings (PE) ratio for WAVESTONE (WAVE.PA) is 15.02 and the Price/Book (PB) ratio is 1.87.
Can you provide the financial health for WAVE stock?
The financial health rating of WAVESTONE (WAVE.PA) is 8 / 10.