WAVESTONE (WAVE.PA) Fundamental Analysis & Valuation

EPA:WAVE • FR0013357621

Current stock price

46.95 EUR
-1.15 (-2.39%)
Last:

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

7

1. WAVE.PA Profitability Analysis

1.1 Basic Checks

  • WAVE had positive earnings in the past year.
  • WAVE had a positive operating cash flow in the past year.
  • Each year in the past 5 years WAVE has been profitable.
  • Each year in the past 5 years WAVE had a positive operating cash flow.
WAVE.PA Yearly Net Income VS EBIT VS OCF VS FCFWAVE.PA 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

  • WAVE's Return On Assets of 8.42% is amongst the best of the industry. WAVE outperforms 84.51% of its industry peers.
  • Looking at the Return On Equity, with a value of 12.21%, WAVE is in line with its industry, outperforming 53.52% of the companies in the same industry.
  • WAVE has a better Return On Invested Capital (11.36%) than 71.83% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WAVE is in line with the industry average of 11.27%.
Industry RankSector 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%
WAVE.PA Yearly ROA, ROE, ROICWAVE.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • WAVE has a better Profit Margin (8.33%) than 81.69% of its industry peers.
  • WAVE's Profit Margin has improved in the last couple of years.
  • WAVE has a Operating Margin of 11.74%. This is amongst the best in the industry. WAVE outperforms 81.69% of its industry peers.
  • WAVE's Operating Margin has declined in the last couple of years.
  • WAVE's Gross Margin of 85.44% is fine compared to the rest of the industry. WAVE outperforms 77.46% of its industry peers.
  • In the last couple of years the Gross Margin of WAVE has declined.
Industry RankSector 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%
WAVE.PA Yearly Profit, Operating, Gross MarginsWAVE.PA 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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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. WAVE.PA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WAVE is creating some value.
  • WAVE has less shares outstanding than it did 1 year ago.
  • WAVE has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, WAVE has an improved debt to assets ratio.
WAVE.PA Yearly Shares OutstandingWAVE.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
WAVE.PA Yearly Total Debt VS Total AssetsWAVE.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 4.56 indicates that WAVE is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 4.56, WAVE belongs to the best of the industry, outperforming 92.96% of the companies in the same industry.
  • WAVE has a debt to FCF ratio of 0.39. This is a very positive value and a sign of high solvency as it would only need 0.39 years to pay back of all of its debts.
  • WAVE has a better Debt to FCF ratio (0.39) than 97.18% 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 94.37% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.39
Altman-Z 4.56
ROIC/WACC1.48
WACC7.69%
WAVE.PA Yearly LT Debt VS Equity VS FCFWAVE.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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 66.20% of its industry peers.
  • A Quick Ratio of 1.37 indicates that WAVE should not have too much problems paying its short term obligations.
  • The Quick ratio of WAVE (1.37) is better than 73.24% of its industry peers.
Industry RankSector Rank
Current Ratio 1.37
Quick Ratio 1.37
WAVE.PA Yearly Current Assets VS Current LiabilitesWAVE.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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

5

3. WAVE.PA Growth Analysis

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 10.89% yearly.
  • The Revenue is expected to grow by 3.48% on average over the next years.
EPS Next Y11.13%
EPS Next 2Y11.19%
EPS Next 3Y10.9%
EPS Next 5YN/A
Revenue Next Year1.69%
Revenue Next 2Y2.92%
Revenue Next 3Y3.48%
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
WAVE.PA Yearly Revenue VS EstimatesWAVE.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
WAVE.PA Yearly EPS VS EstimatesWAVE.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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5

4. WAVE.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • WAVE is valuated correctly with a Price/Earnings ratio of 14.58.
  • Based on the Price/Earnings ratio, WAVE is valued a bit cheaper than 66.20% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.96. WAVE is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 12.05, which indicates a correct valuation of WAVE.
  • WAVE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WAVE is cheaper than 60.56% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.04. WAVE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.58
Fwd PE 12.05
WAVE.PA Price Earnings VS Forward Price EarningsWAVE.PA 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 WAVE is on the same level as its industry peers.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as WAVE.
Industry RankSector Rank
P/FCF 11.19
EV/EBITDA 9.51
WAVE.PA Per share dataWAVE.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of WAVE may justify a higher PE ratio.
PEG (NY)1.31
PEG (5Y)1
EPS Next 2Y11.19%
EPS Next 3Y10.9%

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

3

5. WAVE.PA Dividend Analysis

5.1 Amount

  • WAVE has a yearly dividend return of 0.76%, which is pretty low.
  • WAVE's Dividend Yield is slightly below the industry average, which is at 2.88.
  • Compared to an average S&P500 Dividend Yield of 1.91, WAVE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.76%

5.2 History

  • The dividend of WAVE is nicely growing with an annual growth rate of 10.75%!
Dividend Growth(5Y)10.75%
Div Incr Years0
Div Non Decr Years3
WAVE.PA Yearly Dividends per shareWAVE.PA Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • WAVE pays out 14.36% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of WAVE is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP14.36%
EPS Next 2Y11.19%
EPS Next 3Y10.9%
WAVE.PA Yearly Income VS Free CF VS DividendWAVE.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
WAVE.PA Dividend Payout.WAVE.PA Dividend Payout, showing the Payout Ratio.WAVE.PA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

WAVE.PA Fundamentals: All Metrics, Ratios and Statistics

WAVESTONE

EPA:WAVE (3/16/2026, 7:00:00 PM)

46.95

-1.15 (-2.39%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-02
Earnings (Next)04-30
Inst Owners15.97%
Inst Owner ChangeN/A
Ins Owners44.17%
Ins Owner ChangeN/A
Market Cap1.17B
Revenue(TTM)943.94M
Net Income(TTM)78.64M
Analysts83.64
Price Target67.93 (44.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)0.91%
PT rev (3m)7.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.47%
EPS NY rev (3m)4.82%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 14.58
Fwd PE 12.05
P/S 1.24
P/FCF 11.19
P/OCF 10.77
P/B 1.82
P/tB 22.54
EV/EBITDA 9.51
EPS(TTM)3.22
EY6.86%
EPS(NY)3.9
Fwd EY8.3%
FCF(TTM)4.19
FCFY8.93%
OCF(TTM)4.36
OCFY9.28%
SpS37.89
BVpS25.86
TBVpS2.08
PEG (NY)1.31
PEG (5Y)1
Graham Number43.28
Profitability
Industry RankSector 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 RankSector 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 4.56
F-Score9
WACC7.69%
ROIC/WACC1.48
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 Y11.13%
EPS Next 2Y11.19%
EPS Next 3Y10.9%
EPS Next 5YN/A
Revenue 1Y (TTM)7%
Revenue growth 3Y26.15%
Revenue growth 5Y17.46%
Sales Q2Q%0.06%
Revenue Next Year1.69%
Revenue Next 2Y2.92%
Revenue Next 3Y3.48%
Revenue Next 5YN/A
EBIT growth 1Y17.7%
EBIT growth 3Y14.59%
EBIT growth 5Y15.41%
EBIT Next Year21.89%
EBIT Next 3Y14.11%
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 Fundamental Analysis 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 5 / 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 14.58 and the Price/Book (PB) ratio is 1.82.


Can you provide the financial health for WAVE stock?

The financial health rating of WAVESTONE (WAVE.PA) is 8 / 10.