WEBSTEP ASA (WSTEP.OL) Stock Fundamental Analysis

OSL:WSTEP • NO0010609662

18.2 NOK
-0.3 (-1.62%)
Last: Feb 20, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, WSTEP scores 6 out of 10 in our fundamental rating. WSTEP was compared to 71 industry peers in the IT Services industry. Both the profitability and the financial health of WSTEP get a neutral evaluation. Nothing too spectacular is happening here. WSTEP is valued quite cheap, while showing a decent growth score. This is a good combination! This makes WSTEP very considerable for value investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • WSTEP had positive earnings in the past year.
  • WSTEP had a positive operating cash flow in the past year.
  • WSTEP had positive earnings in 4 of the past 5 years.
  • Of the past 5 years WSTEP 4 years had a positive operating cash flow.
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 20M 40M 60M 80M

1.2 Ratios

  • The Return On Assets of WSTEP (7.99%) is better than 80.28% of its industry peers.
  • WSTEP has a Return On Equity of 14.49%. This is in the better half of the industry: WSTEP outperforms 67.61% of its industry peers.
  • The Return On Invested Capital of WSTEP (9.86%) is better than 60.56% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for WSTEP is below the industry average of 11.09%.
  • The last Return On Invested Capital (9.86%) for WSTEP is above the 3 year average (7.26%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.99%
ROE 14.49%
ROIC 9.86%
ROA(3y)4.7%
ROA(5y)5.56%
ROE(3y)8.36%
ROE(5y)9.41%
ROIC(3y)7.26%
ROIC(5y)7.18%
WSTEP.OL Yearly ROA, ROE, ROICWSTEP.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • WSTEP's Profit Margin of 5.51% is fine compared to the rest of the industry. WSTEP outperforms 64.79% of its industry peers.
  • In the last couple of years the Profit Margin of WSTEP has remained more or less at the same level.
  • With a Operating Margin value of 7.64%, WSTEP perfoms like the industry average, outperforming 54.93% of the companies in the same industry.
  • In the last couple of years the Operating Margin of WSTEP has remained more or less at the same level.
  • The Gross Margin of WSTEP (92.59%) is better than 91.55% of its industry peers.
  • In the last couple of years the Gross Margin of WSTEP has remained more or less at the same level.
Industry RankSector Rank
OM 7.64%
PM (TTM) 5.51%
GM 92.59%
OM growth 3Y-3.54%
OM growth 5Y0.53%
PM growth 3Y-3.26%
PM growth 5Y0.73%
GM growth 3Y0.74%
GM growth 5Y1.28%
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 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WSTEP 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

  • WSTEP has an Altman-Z score of 3.24. This indicates that WSTEP is financially healthy and has little risk of bankruptcy at the moment.
  • WSTEP has a Altman-Z score of 3.24. This is in the better half of the industry: WSTEP outperforms 66.20% of its industry peers.
  • The Debt to FCF ratio of WSTEP is 0.62, which is an excellent value as it means it would take WSTEP, only 0.62 years of fcf income to pay off all of its debts.
  • WSTEP has a better Debt to FCF ratio (0.62) than 88.73% of its industry peers.
  • A Debt/Equity ratio of 0.15 indicates that WSTEP is not too dependend on debt financing.
  • WSTEP has a better Debt to Equity ratio (0.15) than 80.28% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 0.62
Altman-Z 3.24
ROIC/WACC1.21
WACC8.12%
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 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 0.96 indicates that WSTEP may have some problems paying its short term obligations.
  • WSTEP has a Current ratio of 0.96. This is in the lower half of the industry: WSTEP underperforms 70.42% of its industry peers.
  • WSTEP has a Quick Ratio of 0.96. This is a bad value and indicates that WSTEP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • WSTEP's Quick ratio of 0.96 is on the low side compared to the rest of the industry. WSTEP is outperformed by 63.38% of its industry peers.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.96
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. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 14.56% over the past year.
  • The Earnings Per Share has been growing slightly by 5.69% on average over the past years.
  • The Revenue for WSTEP has decreased by -24.99% in the past year. This is quite bad
  • WSTEP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.76% yearly.
EPS 1Y (TTM)14.56%
EPS 3Y0.31%
EPS 5Y5.69%
EPS Q2Q%-50%
Revenue 1Y (TTM)-24.99%
Revenue growth 3Y4.09%
Revenue growth 5Y5.76%
Sales Q2Q%-5.84%

3.2 Future

  • Based on estimates for the next years, WSTEP will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.88% on average per year.
  • Based on estimates for the next years, WSTEP will show a small growth in Revenue. The Revenue will grow by 2.23% on average per year.
EPS Next Y13.53%
EPS Next 2Y12.27%
EPS Next 3Y13.88%
EPS Next 5YN/A
Revenue Next Year-5.99%
Revenue Next 2Y-1.19%
Revenue Next 3Y2.23%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less 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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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.06, the valuation of WSTEP can be described as reasonable.
  • 90.14% of the companies in the same industry are more expensive than WSTEP, based on the Price/Earnings ratio.
  • WSTEP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.99.
  • The Price/Forward Earnings ratio is 7.98, which indicates a rather cheap valuation of WSTEP.
  • Based on the Price/Forward Earnings ratio, WSTEP is valued cheaply inside the industry as 85.92% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, WSTEP is valued rather cheaply.
Industry RankSector Rank
PE 10.06
Fwd PE 7.98
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WSTEP indicates a somewhat cheap valuation: WSTEP is cheaper than 66.20% of the companies listed in the same industry.
  • WSTEP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WSTEP is cheaper than 90.14% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.32
EV/EBITDA 6.31
WSTEP.OL Per share dataWSTEP.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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 13.88% in the coming years.
PEG (NY)0.74
PEG (5Y)1.77
EPS Next 2Y12.27%
EPS Next 3Y13.88%

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

5

5. Dividend

5.1 Amount

  • WSTEP has a Yearly Dividend Yield of 12.37%, which is a nice return.
  • WSTEP's Dividend Yield is rather good when compared to the industry average which is at 2.65. WSTEP pays more dividend than 98.59% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, WSTEP pays a better dividend.
Industry RankSector Rank
Dividend Yield 12.37%

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

  • WSTEP pays out 132.13% of its income as dividend. This is not a sustainable payout ratio.
DP132.13%
EPS Next 2Y12.27%
EPS Next 3Y13.88%
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 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

Find the best dividend stocksShow peers with best dividend

WEBSTEP ASA

OSL:WSTEP (2/20/2026, 7:00:00 PM)

18.2

-0.3 (-1.62%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-12
Earnings (Next)05-20
Inst Owners29.21%
Inst Owner ChangeN/A
Ins Owners0.56%
Ins Owner ChangeN/A
Market Cap513.06M
Revenue(TTM)855.31M
Net Income(TTM)47.17M
Analysts84
Price Target30.6 (68.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 12.37%
Yearly Dividend1.02
Dividend Growth(5Y)-8.63%
DP132.13%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-28.67%
Min EPS beat(2)-61.75%
Max EPS beat(2)4.41%
EPS beat(4)1
Avg EPS beat(4)-19.67%
Min EPS beat(4)-61.75%
Max EPS beat(4)4.41%
EPS beat(8)2
Avg EPS beat(8)-13.83%
EPS beat(12)2
Avg EPS beat(12)-25.89%
EPS beat(16)4
Avg EPS beat(16)-26.26%
Revenue beat(2)0
Avg Revenue beat(2)-9.17%
Min Revenue beat(2)-9.23%
Max Revenue beat(2)-9.11%
Revenue beat(4)0
Avg Revenue beat(4)-6.98%
Min Revenue beat(4)-9.23%
Max Revenue beat(4)-4.38%
Revenue beat(8)0
Avg Revenue beat(8)-6.44%
Revenue beat(12)0
Avg Revenue beat(12)-5.08%
Revenue beat(16)0
Avg Revenue beat(16)-4.8%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.62%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.67%
Valuation
Industry RankSector Rank
PE 10.06
Fwd PE 7.98
P/S 0.6
P/FCF 5.32
P/OCF 5.16
P/B 1.58
P/tB 42.96
EV/EBITDA 6.31
EPS(TTM)1.81
EY9.95%
EPS(NY)2.28
Fwd EY12.54%
FCF(TTM)3.42
FCFY18.79%
OCF(TTM)3.53
OCFY19.37%
SpS30.34
BVpS11.55
TBVpS0.42
PEG (NY)0.74
PEG (5Y)1.77
Graham Number21.69
Profitability
Industry RankSector Rank
ROA 7.99%
ROE 14.49%
ROCE 17.49%
ROIC 9.86%
ROICexc 11.84%
ROICexgc N/A
OM 7.64%
PM (TTM) 5.51%
GM 92.59%
FCFM 11.27%
ROA(3y)4.7%
ROA(5y)5.56%
ROE(3y)8.36%
ROE(5y)9.41%
ROIC(3y)7.26%
ROIC(5y)7.18%
ROICexc(3y)8.81%
ROICexc(5y)8.53%
ROICexgc(3y)457.53%
ROICexgc(5y)353.79%
ROCE(3y)12.88%
ROCE(5y)13.16%
ROICexgc growth 3Y20.13%
ROICexgc growth 5Y43.18%
ROICexc growth 3Y7.75%
ROICexc growth 5Y12.22%
OM growth 3Y-3.54%
OM growth 5Y0.53%
PM growth 3Y-3.26%
PM growth 5Y0.73%
GM growth 3Y0.74%
GM growth 5Y1.28%
F-Score7
Asset Turnover1.45
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 0.62
Debt/EBITDA 0.59
Cap/Depr 17.62%
Cap/Sales 0.35%
Interest Coverage 250
Cash Conversion 120.76%
Profit Quality 204.4%
Current Ratio 0.96
Quick Ratio 0.96
Altman-Z 3.24
F-Score7
WACC8.12%
ROIC/WACC1.21
Cap/Depr(3y)26.24%
Cap/Depr(5y)31.6%
Cap/Sales(3y)0.75%
Cap/Sales(5y)0.77%
Profit Quality(3y)613.2%
Profit Quality(5y)419.59%
High Growth Momentum
Growth
EPS 1Y (TTM)14.56%
EPS 3Y0.31%
EPS 5Y5.69%
EPS Q2Q%-50%
EPS Next Y13.53%
EPS Next 2Y12.27%
EPS Next 3Y13.88%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.99%
Revenue growth 3Y4.09%
Revenue growth 5Y5.76%
Sales Q2Q%-5.84%
Revenue Next Year-5.99%
Revenue Next 2Y-1.19%
Revenue Next 3Y2.23%
Revenue Next 5YN/A
EBIT growth 1Y42.13%
EBIT growth 3Y0.4%
EBIT growth 5Y6.32%
EBIT Next Year27.41%
EBIT Next 3Y16.23%
EBIT Next 5YN/A
FCF growth 1Y286.68%
FCF growth 3Y-19.48%
FCF growth 5Y-8.42%
OCF growth 1Y212.2%
OCF growth 3Y-19.87%
OCF growth 5Y-7.57%

WEBSTEP ASA / WSTEP.OL 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.


What is the profitability of WSTEP stock?

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


What are the PE and PB ratios of WEBSTEP ASA (WSTEP.OL) stock?

The Price/Earnings (PE) ratio for WEBSTEP ASA (WSTEP.OL) is 10.06 and the Price/Book (PB) ratio is 1.58.


How financially healthy is WEBSTEP ASA?

The financial health rating of WEBSTEP ASA (WSTEP.OL) is 5 / 10.