WEBSTEP ASA (WSTEP.OL) Fundamental Analysis & Valuation

OSL:WSTEP • NO0010609662

Current stock price

17.3 NOK
-0.2 (-1.14%)
Last:

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

5

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.
  • Each year in the past 5 years WSTEP has been profitable.
  • Each year in the past 5 years WSTEP 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 2025 20M 40M 60M 80M 100M

1.2 Ratios

  • The Return On Assets of WSTEP (6.80%) is better than 70.42% of its industry peers.
  • WSTEP has a Return On Equity of 12.18%. This is comparable to the rest of the industry: WSTEP outperforms 56.34% of its industry peers.
  • The Return On Invested Capital of WSTEP (11.56%) is better than 78.87% of its industry peers.
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

  • WSTEP's Profit Margin of 4.83% is in line compared to the rest of the industry. WSTEP outperforms 59.15% 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.
  • In the last couple of years the Operating Margin of WSTEP has declined.
  • WSTEP has a Gross Margin of 92.09%. This is amongst the best in the industry. WSTEP outperforms 88.73% 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 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WSTEP is still creating some value.
  • There is no outstanding debt for WSTEP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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 3.12 indicates that WSTEP is not in any danger for bankruptcy at the moment.
  • WSTEP has a Altman-Z score of 3.12. This is in the better half of the industry: WSTEP outperforms 67.61% 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.
  • With an excellent Debt to FCF ratio value of 0.57, WSTEP belongs to the best of the industry, outperforming 90.14% of the companies in the same industry.
  • A Debt/Equity ratio of 0.14 indicates that WSTEP is not too dependend on debt financing.
  • WSTEP's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. WSTEP outperforms 76.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.57
Altman-Z 3.12
ROIC/WACC1.4
WACC8.28%
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.
  • WSTEP's Current ratio of 0.99 is on the low side compared to the rest of the industry. WSTEP is outperformed by 67.61% of its industry peers.
  • A Quick Ratio of 0.99 indicates that WSTEP may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.99, WSTEP is doing worse than 63.38% of the companies in the same industry.
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

  • WSTEP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.36%.
  • The Earnings Per Share has been growing slightly by 2.27% on average over the past years.
  • 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
  • Based on estimates for the next years, WSTEP will show a small growth in Revenue. The Revenue will grow by 6.61% on average per year.
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

  • 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 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 11.16.
  • WSTEP's Price/Earnings ratio is rather cheap when compared to the industry. WSTEP is cheaper than 85.92% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, WSTEP is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 7.58, the valuation of WSTEP can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, WSTEP is valued cheaply inside the industry as 81.69% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of WSTEP to the average of the S&P500 Index (22.19), we can say WSTEP is valued rather cheaply.
Industry RankSector Rank
PE 11.16
Fwd PE 7.58
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WSTEP is valued a bit cheaper than 67.61% of the companies in the same industry.
  • 88.73% of the companies in the same industry are more expensive than WSTEP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.89
EV/EBITDA 6.09
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.
  • A more expensive valuation may be justified as WSTEP's earnings are expected to grow with 31.32% in the coming years.
PEG (NY)0.24
PEG (5Y)4.92
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

  • 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 2.81. WSTEP pays more dividend than 97.18% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, 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 154.42% of its income as dividend. 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

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WSTEP.OL Fundamentals: All Metrics, Ratios and Statistics

WEBSTEP ASA

OSL:WSTEP (3/27/2026, 7:00:00 PM)

17.3

-0.2 (-1.14%)

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 Cap487.69M
Revenue(TTM)835.20M
Net Income(TTM)40.36M
Analysts84
Price Target30.6 (76.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 12.37%
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)-4.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.94%
Valuation
Industry RankSector Rank
PE 11.16
Fwd PE 7.58
P/S 0.58
P/FCF 4.89
P/OCF 4.78
P/B 1.47
P/tB 27.51
EV/EBITDA 6.09
EPS(TTM)1.55
EY8.96%
EPS(NY)2.28
Fwd EY13.19%
FCF(TTM)3.54
FCFY20.47%
OCF(TTM)3.62
OCFY20.92%
SpS29.63
BVpS11.75
TBVpS0.63
PEG (NY)0.24
PEG (5Y)4.92
Graham Number20.25
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 3.12
F-Score4
WACC8.28%
ROIC/WACC1.4
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 5 / 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 5 / 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 11.16 and the Price/Book (PB) ratio is 1.47.


How financially healthy is WEBSTEP ASA?

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