WAVESTONE (WAVE.PA) Fundamental Analysis & Valuation
EPA:WAVE • FR0013357621
Current stock price
45.45 EUR
-1 (-2.15%)
Last:
This WAVE.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. WAVE.PA Profitability Analysis
1.1 Basic Checks
- WAVE had positive earnings in the past year.
- In the past year WAVE had a positive cash flow from operations.
- Each year in the past 5 years WAVE has been profitable.
- In the past 5 years WAVE always reported a positive cash flow from operatings.
1.2 Ratios
- WAVE's Return On Assets of 8.42% is amongst the best of the industry. WAVE outperforms 85.71% of its industry peers.
- Looking at the Return On Equity, with a value of 12.21%, WAVE is in line with its industry, outperforming 57.14% of the companies in the same industry.
- WAVE has a Return On Invested Capital of 11.36%. This is in the better half of the industry: WAVE outperforms 74.03% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for WAVE is in line with the industry average of 11.58%.
| Industry Rank | Sector 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%
1.3 Margins
- WAVE's Profit Margin of 8.33% is amongst the best of the industry. WAVE outperforms 84.42% of its industry peers.
- In the last couple of years the Profit Margin of WAVE has grown nicely.
- WAVE's Operating Margin of 11.74% is amongst the best of the industry. WAVE outperforms 84.42% of its industry peers.
- WAVE's Operating Margin has declined in the last couple of years.
- WAVE has a Gross Margin of 85.44%. This is in the better half of the industry: WAVE outperforms 77.92% of its industry peers.
- In the last couple of years the Gross Margin of WAVE has declined.
| Industry Rank | Sector 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%
2. WAVE.PA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WAVE is still creating some value.
- WAVE has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, WAVE has more shares outstanding
- WAVE has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.42 indicates that WAVE is not in any danger for bankruptcy at the moment.
- WAVE's Altman-Z score of 4.42 is amongst the best of the industry. WAVE outperforms 92.21% of its industry peers.
- 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 Debt to FCF ratio of 0.39. This is amongst the best in the industry. WAVE outperforms 97.40% of its industry peers.
- A Debt/Equity ratio of 0.03 indicates that WAVE is not too dependend on debt financing.
- The Debt to Equity ratio of WAVE (0.03) is better than 93.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.39 | ||
| Altman-Z | 4.42 |
ROIC/WACC1.5
WACC7.56%
2.3 Liquidity
- A Current Ratio of 1.37 indicates that WAVE should not have too much problems paying its short term obligations.
- WAVE has a Current ratio of 1.37. This is in the better half of the industry: WAVE outperforms 64.94% of its industry peers.
- WAVE has a Quick 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.
- Looking at the Quick ratio, with a value of 1.37, WAVE is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 |
3. WAVE.PA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 22.20% over the past year.
- 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.
- WAVE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.48% yearly.
EPS Next Y11.13%
EPS Next 2Y11.19%
EPS Next 3Y10.9%
EPS Next 5YN/A
Revenue Next Year1.67%
Revenue Next 2Y2.92%
Revenue Next 3Y3.48%
Revenue Next 5YN/A
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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.
4. WAVE.PA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.11 indicates a correct valuation of WAVE.
- WAVE's Price/Earnings ratio is a bit cheaper when compared to the industry. WAVE is cheaper than 75.32% of the companies in the same industry.
- WAVE is valuated rather cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 11.66 indicates a reasonable valuation of WAVE.
- Based on the Price/Forward Earnings ratio, WAVE is valued a bit cheaper than the industry average as 66.23% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of WAVE to the average of the S&P500 Index (22.24), we can say WAVE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.11 | ||
| Fwd PE | 11.66 |
4.2 Price Multiples
- WAVE's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, WAVE is valued a bit cheaper than the industry average as 67.53% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.84 | ||
| EV/EBITDA | 9.01 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- WAVE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.27
PEG (5Y)0.97
EPS Next 2Y11.19%
EPS Next 3Y10.9%
5. WAVE.PA Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.99%, WAVE is not a good candidate for dividend investing.
- In the last 3 months the price of WAVE has falen by -25.86%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
- Compared to an average industry Dividend Yield of 2.59, WAVE has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.81, WAVE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.99% |
5.2 History
- On average, the dividend of WAVE grows each year by 10.75%, which is quite nice.
Dividend Growth(5Y)10.75%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
- WAVE pays out 14.36% of its income as dividend. This is a sustainable payout ratio.
- WAVE's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP14.36%
EPS Next 2Y11.19%
EPS Next 3Y10.9%
WAVE.PA Fundamentals: All Metrics, Ratios and Statistics
EPA:WAVE (4/24/2026, 7:00:00 PM)
45.45
-1 (-2.15%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-02 2026-02-02
Earnings (Next)04-30 2026-04-30
Inst Owners16.52%
Inst Owner ChangeN/A
Ins Owners44.17%
Ins Owner ChangeN/A
Market Cap1.13B
Revenue(TTM)943.94M
Net Income(TTM)78.64M
Analysts83.64
Price Target66.91 (47.22%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.99% |
Yearly Dividend0.38
Dividend Growth(5Y)10.75%
DP14.36%
Div Incr Years1
Div Non Decr Years4
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)-1.5%
PT rev (3m)5.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.11 | ||
| Fwd PE | 11.66 | ||
| P/S | 1.2 | ||
| P/FCF | 10.84 | ||
| P/OCF | 10.43 | ||
| P/B | 1.76 | ||
| P/tB | 21.82 | ||
| EV/EBITDA | 9.01 |
EPS(TTM)3.22
EY7.08%
EPS(NY)3.9
Fwd EY8.57%
FCF(TTM)4.19
FCFY9.23%
OCF(TTM)4.36
OCFY9.59%
SpS37.89
BVpS25.86
TBVpS2.08
PEG (NY)1.27
PEG (5Y)0.97
Graham Number43.2812 (-4.77%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.42 |
F-Score9
WACC7.56%
ROIC/WACC1.5
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 Year1.67%
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.
What is the profitability of WAVE stock?
WAVESTONE (WAVE.PA) has a profitability rating of 7 / 10.
What is the earnings growth outlook for WAVESTONE?
The Earnings per Share (EPS) of WAVESTONE (WAVE.PA) is expected to grow by 11.13% in the next year.
How sustainable is the dividend of WAVESTONE (WAVE.PA) stock?
The dividend rating of WAVESTONE (WAVE.PA) is 4 / 10 and the dividend payout ratio is 14.36%.