WAVESTONE (WAVE.PA) Fundamental Analysis & Valuation
EPA:WAVE • FR0013357621
Current stock price
46.2 EUR
-0.9 (-1.91%)
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
- In the past year WAVE was profitable.
- In the past year WAVE had a positive cash flow from operations.
- WAVE had positive earnings in each of the past 5 years.
- Each year in the past 5 years WAVE had a positive operating cash flow.
1.2 Ratios
- WAVE has a better Return On Assets (8.42%) than 87.67% of its industry peers.
- WAVE has a Return On Equity of 12.21%. This is comparable to the rest of the industry: WAVE outperforms 54.79% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 11.36%, WAVE is in the better half of the industry, outperforming 72.60% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for WAVE is in line with the industry average of 12.44%.
| 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 has a better Profit Margin (8.33%) than 83.56% of its industry peers.
- WAVE's Profit Margin has improved in the last couple of years.
- WAVE's Operating Margin of 11.74% is amongst the best of the industry. WAVE outperforms 83.56% of its industry peers.
- WAVE's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 85.44%, WAVE is in the better half of the industry, outperforming 78.08% of the companies in the same industry.
- 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WAVE is creating some value.
- The number of shares outstanding for WAVE has been reduced compared to 1 year ago.
- Compared to 5 years ago, WAVE has more shares outstanding
- The debt/assets ratio for WAVE has been reduced compared to a year ago.
2.2 Solvency
- WAVE has an Altman-Z score of 4.50. This indicates that WAVE is financially healthy and has little risk of bankruptcy at the moment.
- WAVE has a better Altman-Z score (4.50) than 91.78% of its industry peers.
- The Debt to FCF ratio of WAVE is 0.39, which is an excellent value as it means it would take WAVE, only 0.39 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 0.39, WAVE belongs to the best of the industry, outperforming 95.89% of the companies in the same industry.
- WAVE has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
- WAVE has a better Debt to Equity ratio (0.03) than 94.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.39 | ||
| Altman-Z | 4.5 |
ROIC/WACC1.5
WACC7.57%
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.
- Looking at the Current ratio, with a value of 1.37, WAVE is in the better half of the industry, outperforming 64.38% of the companies in the same industry.
- 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.
- WAVE's Quick ratio of 1.37 is fine compared to the rest of the industry. WAVE outperforms 72.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 |
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%.
- WAVE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.46% yearly.
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
- The Earnings Per Share is expected to grow by 10.89% on average over the next years. This is quite good.
- 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 Year1.69%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. WAVE.PA Valuation Analysis
4.1 Price/Earnings Ratio
- WAVE is valuated correctly with a Price/Earnings ratio of 14.35.
- Based on the Price/Earnings ratio, WAVE is valued a bit cheaper than the industry average as 67.12% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.21, WAVE is valued a bit cheaper.
- With a Price/Forward Earnings ratio of 11.86, the valuation of WAVE can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, WAVE is valued a bit cheaper than 60.27% of the companies in the same industry.
- WAVE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.35 | ||
| Fwd PE | 11.86 |
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.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of WAVE indicates a somewhat cheap valuation: WAVE is cheaper than 63.01% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.02 | ||
| EV/EBITDA | 9.32 |
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)1.29
PEG (5Y)0.99
EPS Next 2Y11.19%
EPS Next 3Y10.9%
5. WAVE.PA Dividend Analysis
5.1 Amount
- WAVE has a Yearly Dividend Yield of 1.03%.
- Compared to an average industry Dividend Yield of 2.76, WAVE has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.89, WAVE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
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 Years1
Div Non Decr Years4
5.3 Sustainability
- 14.36% of the earnings are spent on dividend by WAVE. This is a low number and 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 Fundamentals: All Metrics, Ratios and Statistics
EPA:WAVE (4/7/2026, 7:00:00 PM)
46.2
-0.9 (-1.91%)
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 Owners15.97%
Inst Owner ChangeN/A
Ins Owners44.17%
Ins Owner ChangeN/A
Market Cap1.15B
Revenue(TTM)943.94M
Net Income(TTM)78.64M
Analysts83.64
Price Target66.91 (44.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
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)2.02%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.35 | ||
| Fwd PE | 11.86 | ||
| P/S | 1.22 | ||
| P/FCF | 11.02 | ||
| P/OCF | 10.6 | ||
| P/B | 1.79 | ||
| P/tB | 22.18 | ||
| EV/EBITDA | 9.32 |
EPS(TTM)3.22
EY6.97%
EPS(NY)3.9
Fwd EY8.43%
FCF(TTM)4.19
FCFY9.08%
OCF(TTM)4.36
OCFY9.43%
SpS37.89
BVpS25.86
TBVpS2.08
PEG (NY)1.29
PEG (5Y)0.99
Graham Number43.28
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 | 4.5 |
F-Score9
WACC7.57%
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 Year1.69%
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.
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%.