WEBSTEP ASA (WSTEP.OL) Fundamental Analysis & Valuation

OSL:WSTEP • NO0010609662

Current stock price

18.55 NOK
-0.35 (-1.85%)
Last:

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

6

1. WSTEP.OL Profitability Analysis

1.1 Basic Checks

  • WSTEP had positive earnings in the past year.
  • In the past year WSTEP had a positive cash flow from operations.
  • In the past 5 years WSTEP has always been profitable.
  • WSTEP had a positive operating cash flow in each of the past 5 years.
WSTEP.OL Yearly Net Income VS EBIT VS OCF VS FCFWSTEP.OL 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 20M 40M 60M 80M 100M

1.2 Ratios

  • WSTEP has a Return On Assets of 6.80%. This is in the better half of the industry: WSTEP outperforms 77.14% of its industry peers.
  • WSTEP has a Return On Equity (12.18%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 11.56%, WSTEP belongs to the top of the industry, outperforming 81.43% of the companies in the same industry.
Industry RankSector Rank
ROA 6.8%
ROE 12.18%
ROIC 11.56%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
WSTEP.OL Yearly ROA, ROE, ROICWSTEP.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • The Profit Margin of WSTEP (4.83%) is better than 61.43% of its industry peers.
  • WSTEP's Profit Margin has declined in the last couple of years.
  • The Operating Margin of WSTEP (6.70%) is comparable to the rest of the industry.
  • WSTEP's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 92.09%, WSTEP belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WSTEP has remained more or less at the same level.
Industry RankSector Rank
OM 6.7%
PM (TTM) 4.83%
GM 92.09%
OM growth 3Y1.79%
OM growth 5Y-1.56%
PM growth 3Y3.76%
PM growth 5Y-1.93%
GM growth 3Y0.18%
GM growth 5Y0.78%
WSTEP.OL Yearly Profit, Operating, Gross MarginsWSTEP.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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5

2. WSTEP.OL Health Analysis

2.1 Basic Checks

  • WSTEP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • WSTEP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
WSTEP.OL Yearly Shares OutstandingWSTEP.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
WSTEP.OL Yearly Total Debt VS Total AssetsWSTEP.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • An Altman-Z score of 3.21 indicates that WSTEP is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of WSTEP (3.21) is better than 75.71% of its industry peers.
  • The Debt to FCF ratio of WSTEP is 0.57, which is an excellent value as it means it would take WSTEP, only 0.57 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.57, WSTEP belongs to the top of the industry, outperforming 95.71% of the companies in the same industry.
  • WSTEP has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.14, WSTEP is doing good in the industry, outperforming 78.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.57
Altman-Z 3.21
ROIC/WACC1.39
WACC8.31%
WSTEP.OL Yearly LT Debt VS Equity VS FCFWSTEP.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

  • WSTEP has a Current Ratio of 0.99. This is a bad value and indicates that WSTEP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.99, WSTEP is doing worse than 68.57% of the companies in the same industry.
  • A Quick Ratio of 0.99 indicates that WSTEP may have some problems paying its short term obligations.
  • WSTEP has a worse Quick ratio (0.99) than 65.71% of its industry peers.
Industry RankSector Rank
Current Ratio 0.99
Quick Ratio 0.99
WSTEP.OL Yearly Current Assets VS Current LiabilitesWSTEP.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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

4

3. WSTEP.OL Growth Analysis

3.1 Past

  • The earnings per share for WSTEP have decreased strongly by -14.36% in the last year.
  • WSTEP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.27% yearly.
  • The Revenue for WSTEP has decreased by -24.33% in the past year. This is quite bad
  • The Revenue has been growing slightly by 3.89% on average over the past years.
EPS 1Y (TTM)-14.36%
EPS 3Y3.45%
EPS 5Y2.27%
EPS Q2Q%-54.17%
Revenue 1Y (TTM)-24.33%
Revenue growth 3Y-2.04%
Revenue growth 5Y3.89%
Sales Q2Q%-8.91%

3.2 Future

  • The Earnings Per Share is expected to grow by 31.32% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 6.61% on average over the next years.
EPS Next Y47.19%
EPS Next 2Y31.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.86%
Revenue Next 2Y6.61%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WSTEP.OL Yearly Revenue VS EstimatesWSTEP.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
WSTEP.OL Yearly EPS VS EstimatesWSTEP.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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9

4. WSTEP.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • WSTEP is valuated reasonably with a Price/Earnings ratio of 11.97.
  • Based on the Price/Earnings ratio, WSTEP is valued cheaply inside the industry as 82.86% of the companies are valued more expensively.
  • WSTEP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.54.
  • The Price/Forward Earnings ratio is 8.13, which indicates a very decent valuation of WSTEP.
  • WSTEP's Price/Forward Earnings ratio is rather cheap when compared to the industry. WSTEP is cheaper than 82.86% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.68. WSTEP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.97
Fwd PE 8.13
WSTEP.OL Price Earnings VS Forward Price EarningsWSTEP.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • WSTEP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WSTEP is cheaper than 67.14% of the companies in the same industry.
  • WSTEP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WSTEP is cheaper than 90.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.24
EV/EBITDA 6.63
WSTEP.OL Per share dataWSTEP.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • WSTEP has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as WSTEP's earnings are expected to grow with 31.32% in the coming years.
PEG (NY)0.25
PEG (5Y)5.28
EPS Next 2Y31.32%
EPS Next 3YN/A

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

5

5. WSTEP.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 8.51%, WSTEP is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.71, WSTEP pays a better dividend. On top of this WSTEP pays more dividend than 97.14% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, WSTEP pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.51%

5.2 History

  • The dividend of WSTEP decreases each year by -8.63%.
Dividend Growth(5Y)-8.63%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 154.42% of the earnings are spent on dividend by WSTEP. This is not a sustainable payout ratio.
DP154.42%
EPS Next 2Y31.32%
EPS Next 3YN/A
WSTEP.OL Yearly Income VS Free CF VS DividendWSTEP.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
WSTEP.OL Dividend Payout.WSTEP.OL Dividend Payout, showing the Payout Ratio.WSTEP.OL Dividend Payout.PayoutRetained Earnings

More info and screens

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WSTEP.OL Fundamentals: All Metrics, Ratios and Statistics

WEBSTEP ASA

OSL:WSTEP (4/30/2026, 3:03:53 PM)

18.55

-0.35 (-1.85%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-12
Earnings (Next)05-20
Inst Owners29.21%
Inst Owner ChangeN/A
Ins Owners0.56%
Ins Owner ChangeN/A
Market Cap522.92M
Revenue(TTM)835.20M
Net Income(TTM)40.36M
Analysts84
Price Target30.6 (64.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.51%
Yearly Dividend1.02
Dividend Growth(5Y)-8.63%
DP154.42%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-59.73%
Min EPS beat(2)-61.75%
Max EPS beat(2)-57.7%
EPS beat(4)1
Avg EPS beat(4)-33.37%
Min EPS beat(4)-61.75%
Max EPS beat(4)4.41%
EPS beat(8)2
Avg EPS beat(8)-17.21%
EPS beat(12)2
Avg EPS beat(12)-26.72%
EPS beat(16)3
Avg EPS beat(16)-30.23%
Revenue beat(2)0
Avg Revenue beat(2)-9.22%
Min Revenue beat(2)-9.33%
Max Revenue beat(2)-9.11%
Revenue beat(4)0
Avg Revenue beat(4)-8.01%
Min Revenue beat(4)-9.33%
Max Revenue beat(4)-4.38%
Revenue beat(8)0
Avg Revenue beat(8)-7.01%
Revenue beat(12)0
Avg Revenue beat(12)-5.63%
Revenue beat(16)0
Avg Revenue beat(16)-5.11%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.97
Fwd PE 8.13
P/S 0.63
P/FCF 5.24
P/OCF 5.12
P/B 1.58
P/tB 29.49
EV/EBITDA 6.63
EPS(TTM)1.55
EY8.36%
EPS(NY)2.28
Fwd EY12.3%
FCF(TTM)3.54
FCFY19.09%
OCF(TTM)3.62
OCFY19.51%
SpS29.63
BVpS11.75
TBVpS0.63
PEG (NY)0.25
PEG (5Y)5.28
Graham Number20.2453 (9.14%)
Profitability
Industry RankSector Rank
ROA 6.8%
ROE 12.18%
ROCE 14.86%
ROIC 11.56%
ROICexc 16.07%
ROICexgc N/A
OM 6.7%
PM (TTM) 4.83%
GM 92.09%
FCFM 11.95%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y1.79%
OM growth 5Y-1.56%
PM growth 3Y3.76%
PM growth 5Y-1.93%
GM growth 3Y0.18%
GM growth 5Y0.78%
F-Score4
Asset Turnover1.41
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.57
Debt/EBITDA 0.62
Cap/Depr 13%
Cap/Sales 0.27%
Interest Coverage 250
Cash Conversion 139.68%
Profit Quality 247.32%
Current Ratio 0.99
Quick Ratio 0.99
Altman-Z 3.21
F-Score4
WACC8.31%
ROIC/WACC1.39
Cap/Depr(3y)14.01%
Cap/Depr(5y)28.49%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.7%
Profit Quality(3y)640.77%
Profit Quality(5y)436.74%
High Growth Momentum
Growth
EPS 1Y (TTM)-14.36%
EPS 3Y3.45%
EPS 5Y2.27%
EPS Q2Q%-54.17%
EPS Next Y47.19%
EPS Next 2Y31.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-24.33%
Revenue growth 3Y-2.04%
Revenue growth 5Y3.89%
Sales Q2Q%-8.91%
Revenue Next Year3.86%
Revenue Next 2Y6.61%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-36.54%
EBIT growth 3Y-0.29%
EBIT growth 5Y2.27%
EBIT Next Year34.78%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y307.29%
FCF growth 3Y16.41%
FCF growth 5Y10.95%
OCF growth 1Y262.64%
OCF growth 3Y11.31%
OCF growth 5Y10.01%

WEBSTEP ASA / WSTEP.OL Fundamental Analysis FAQ

What is the fundamental rating for WSTEP stock?

ChartMill assigns a fundamental rating of 6 / 10 to WSTEP.OL.


Can you provide the valuation status for WEBSTEP ASA?

ChartMill assigns a valuation rating of 9 / 10 to WEBSTEP ASA (WSTEP.OL). This can be considered as Undervalued.


How profitable is WEBSTEP ASA (WSTEP.OL) stock?

WEBSTEP ASA (WSTEP.OL) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for WSTEP stock?

The Earnings per Share (EPS) of WEBSTEP ASA (WSTEP.OL) is expected to grow by 47.19% in the next year.


Is the dividend of WEBSTEP ASA sustainable?

The dividend rating of WEBSTEP ASA (WSTEP.OL) is 5 / 10 and the dividend payout ratio is 154.42%.