WEBSTEP ASA (WSTEP.OL) Stock Fundamental Analysis

OSL:WSTEP • NO0010609662

18.2 NOK
-0.1 (-0.55%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

WSTEP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 75 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 has a bad growth rate and is valued cheaply. These ratings could make WSTEP a good candidate 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

  • WSTEP has a Return On Assets of 7.99%. This is amongst the best in the industry. WSTEP outperforms 81.33% of its industry peers.
  • The Return On Equity of WSTEP (14.49%) is better than 65.33% of its industry peers.
  • The Return On Invested Capital of WSTEP (9.86%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for WSTEP is below the industry average of 11.55%.
  • The 3 year average ROIC (7.26%) for WSTEP is below the current ROIC(9.86%), indicating increased profibility in the last year.
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 has a better Profit Margin (5.51%) than 65.33% of its industry peers.
  • WSTEP's Profit Margin has been stable in the last couple of years.
  • WSTEP has a Operating Margin of 7.64%. This is comparable to the rest of the industry: WSTEP outperforms 54.67% of its industry peers.
  • In the last couple of years the Operating Margin of WSTEP has remained more or less at the same level.
  • WSTEP has a Gross Margin of 92.59%. This is amongst the best in the industry. WSTEP outperforms 92.00% of its industry peers.
  • WSTEP's Gross Margin has been stable in the last couple of years.
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

  • 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 3.22 indicates that WSTEP is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.22, WSTEP is in the better half of the industry, outperforming 69.33% of the companies in the same industry.
  • 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.
  • With an excellent Debt to FCF ratio value of 0.62, WSTEP belongs to the best of the industry, outperforming 89.33% of the companies in the same industry.
  • WSTEP has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
  • WSTEP has a Debt to Equity ratio of 0.15. This is in the better half of the industry: WSTEP outperforms 77.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 0.62
Altman-Z 3.22
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

  • WSTEP has a Current 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 has a Current ratio of 0.96. This is in the lower half of the industry: WSTEP underperforms 69.33% 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.
  • With a Quick ratio value of 0.96, WSTEP is not doing good in the industry: 62.67% of the companies in the same industry are doing better.
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

More info and screens

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

3

3. Growth

3.1 Past

  • WSTEP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.36%.
  • WSTEP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.45% yearly.
EPS 1Y (TTM)-14.36%
EPS 3Y3.45%
EPS 5YN/A
EPS Q2Q%-54.17%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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

  • The EPS 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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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.74, the valuation of WSTEP can be described as reasonable.
  • WSTEP's Price/Earnings ratio is a bit cheaper when compared to the industry. WSTEP is cheaper than 78.67% of the companies in the same industry.
  • WSTEP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.13.
  • The Price/Forward Earnings ratio is 7.98, which indicates a rather cheap valuation of WSTEP.
  • WSTEP's Price/Forward Earnings ratio is rather cheap when compared to the industry. WSTEP is cheaper than 86.67% of the companies in the same industry.
  • WSTEP is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.74
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

  • Based on the Enterprise Value to EBITDA ratio, WSTEP is valued a bit cheaper than 66.67% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, WSTEP is valued cheaper than 90.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.32
EV/EBITDA 6.2
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.
  • The decent profitability rating of WSTEP may justify a higher PE ratio.
  • WSTEP's earnings are expected to grow with 31.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y31.32%
EPS Next 3YN/A

More info and screens

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 12.37%, WSTEP is a good candidate for dividend investing.
  • WSTEP's Dividend Yield is rather good when compared to the industry average which is at 2.39. WSTEP pays more dividend than 98.67% of the companies 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 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 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 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 (2/27/2026, 7:00:00 PM)

18.2

-0.1 (-0.55%)

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)N/A
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 11.74
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 6.2
EPS(TTM)1.55
EY8.52%
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)0.25
PEG (5Y)N/A
Graham Number20.07
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 3.22
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)-14.36%
EPS 3Y3.45%
EPS 5YN/A
EPS Q2Q%-54.17%
EPS Next Y47.19%
EPS Next 2Y31.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.91%
Revenue Next Year3.86%
Revenue Next 2Y6.61%
Revenue Next 3YN/A
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 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 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 11.74 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.