WAVESTONE (WAVE.PA) Stock Fundamental Analysis
EPA:WAVE • FR0013357621
48.35 EUR
-0.45 (-0.92%)
Last: Feb 27, 2026, 07:00 PM
WAVE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 75 industry peers in the IT Services industry. WAVE gets an excellent profitability rating and is at the same time showing great financial health properties. WAVE has a decent growth rate and is not valued too expensively. With these ratings, WAVE could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
- In the past year WAVE was profitable.
- In the past year WAVE had a positive cash flow from operations.
- In the past 5 years WAVE has always been profitable.
- Each year in the past 5 years WAVE had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 8.42%, WAVE belongs to the top of the industry, outperforming 85.33% of the companies in the same industry.
- WAVE's Return On Equity of 12.21% is in line compared to the rest of the industry. WAVE outperforms 49.33% of its industry peers.
- With a decent Return On Invested Capital value of 11.36%, WAVE is doing good in the industry, outperforming 72.00% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for WAVE is in line with the industry average of 11.55%.
| 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
- With an excellent Profit Margin value of 8.33%, WAVE belongs to the best of the industry, outperforming 82.67% of the companies in the same industry.
- 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 84.00% of its industry peers.
- In the last couple of years the Operating Margin of WAVE has declined.
- Looking at the Gross Margin, with a value of 85.44%, WAVE is in the better half of the industry, outperforming 78.67% 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. Health
2.1 Basic Checks
- WAVE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, WAVE has less shares outstanding
- The number of shares outstanding for WAVE has been increased compared to 5 years ago.
- WAVE has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.57 indicates that WAVE is not in any danger for bankruptcy at the moment.
- WAVE has a Altman-Z score of 4.57. This is amongst the best in the industry. WAVE outperforms 92.00% 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's Debt to FCF ratio of 0.39 is amongst the best of the industry. WAVE outperforms 96.00% 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 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.39 | ||
| Altman-Z | 4.57 |
ROIC/WACC1.47
WACC7.71%
2.3 Liquidity
- A Current Ratio of 1.37 indicates that WAVE should not have too much problems paying its short term obligations.
- The Current ratio of WAVE (1.37) is better than 64.00% 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.
- WAVE has a better Quick ratio (1.37) than 70.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 |
3. Growth
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.
- WAVE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.55% yearly.
- The Revenue has been growing slightly by 7.00% in the past year.
- 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
- The Earnings Per Share is expected to grow by 11.42% on average over the next years. This is quite good.
- Based on estimates for the next years, WAVE will show a small growth in Revenue. The Revenue will grow by 3.67% on average per year.
EPS Next Y10.61%
EPS Next 2Y11.85%
EPS Next 3Y11.42%
EPS Next 5YN/A
Revenue Next Year1.69%
Revenue Next 2Y2.92%
Revenue Next 3Y3.67%
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. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 15.02 indicates a correct valuation of WAVE.
- Based on the Price/Earnings ratio, WAVE is valued a bit cheaper than the industry average as 64.00% of the companies are valued more expensively.
- WAVE is valuated rather cheaply when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 12.26, which indicates a correct valuation of WAVE.
- 65.33% of the companies in the same industry are more expensive than WAVE, based on the Price/Forward Earnings ratio.
- WAVE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.05.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.02 | ||
| Fwd PE | 12.26 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, WAVE is valued a bit more expensive than 61.33% of the companies in the same industry.
- 61.33% of the companies in the same industry are more expensive than WAVE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.53 | ||
| EV/EBITDA | 9.56 |
4.3 Compensation for Growth
- WAVE's 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)1.41
PEG (5Y)1.03
EPS Next 2Y11.85%
EPS Next 3Y11.42%
5. Dividend
5.1 Amount
- WAVE has a yearly dividend return of 0.76%, which is pretty low.
- Compared to an average industry Dividend Yield of 2.39, WAVE has a dividend in line with its industry peers.
- With a Dividend Yield of 0.76, WAVE pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
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 Years0
Div Non Decr Years3
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 2Y11.85%
EPS Next 3Y11.42%
EPA:WAVE (2/27/2026, 7:00:00 PM)
48.35
-0.45 (-0.92%)
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 Owners15.79%
Inst Owner ChangeN/A
Ins Owners44.17%
Ins Owner ChangeN/A
Market Cap1.20B
Revenue(TTM)943.94M
Net Income(TTM)78.64M
Analysts83.64
Price Target67.93 (40.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)7.21%
PT rev (3m)10.82%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)4.33%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.02 | ||
| Fwd PE | 12.26 | ||
| P/S | 1.28 | ||
| P/FCF | 11.53 | ||
| P/OCF | 11.09 | ||
| P/B | 1.87 | ||
| P/tB | 23.21 | ||
| EV/EBITDA | 9.56 |
EPS(TTM)3.22
EY6.66%
EPS(NY)3.94
Fwd EY8.16%
FCF(TTM)4.19
FCFY8.67%
OCF(TTM)4.36
OCFY9.02%
SpS37.89
BVpS25.86
TBVpS2.08
PEG (NY)1.41
PEG (5Y)1.03
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 | 4.57 |
F-Score9
WACC7.71%
ROIC/WACC1.47
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 Y10.61%
EPS Next 2Y11.85%
EPS Next 3Y11.42%
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 3Y3.67%
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 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 15.02 and the Price/Book (PB) ratio is 1.87.
Can you provide the financial health for WAVE stock?
The financial health rating of WAVESTONE (WAVE.PA) is 8 / 10.