WAVESTONE (WAVE.PA) Fundamental Analysis & Valuation

EPA:WAVE • FR0013357621

Current stock price

45.75 EUR
+0.85 (+1.89%)
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 88.57% of its industry peers.
  • With a Return On Equity value of 12.21%, WAVE perfoms like the industry average, outperforming 55.71% of the companies in the same industry.
  • WAVE has a better Return On Invested Capital (11.36%) than 74.29% of its industry peers.
  • WAVE had an Average Return On Invested Capital over the past 3 years of 11.44%. This is in line with the industry average of 11.52%.
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

  • With an excellent Profit Margin value of 8.33%, WAVE belongs to the best of the industry, outperforming 84.29% of the companies in the same industry.
  • In the last couple of years the Profit Margin of WAVE has grown nicely.
  • The Operating Margin of WAVE (11.74%) is better than 84.29% of its industry peers.
  • In the last couple of years the Operating Margin of WAVE has declined.
  • The Gross Margin of WAVE (85.44%) is better than 77.14% of its industry peers.
  • WAVE's Gross Margin has declined in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WAVE is still creating some value.
  • Compared to 1 year ago, WAVE has less shares outstanding
  • WAVE has more shares outstanding than it did 5 years ago.
  • WAVE has a better debt/assets ratio than last year.
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

  • WAVE has an Altman-Z score of 4.39. This indicates that WAVE is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of WAVE (4.39) is better than 92.86% 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.
  • Looking at the Debt to FCF ratio, with a value of 0.39, WAVE belongs to the top of the industry, outperforming 98.57% of the companies in the same industry.
  • 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 92.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.39
Altman-Z 4.39
ROIC/WACC1.5
WACC7.56%
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 Current ratio of 1.37. This is in the better half of the industry: WAVE outperforms 65.71% 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 Quick ratio of 1.37. This is in the better half of the industry: WAVE outperforms 72.86% 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.
  • Looking at the last year, WAVE shows a small growth in Revenue. The Revenue has grown by 7.00% in the last 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 10.89% on average over the next years. This is quite good.
  • 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 Year1.67%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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Find the best growth stocksShow best growing peers

5

4. WAVE.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.21, which indicates a correct valuation of WAVE.
  • Based on the Price/Earnings ratio, WAVE is valued a bit cheaper than 72.86% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.54, WAVE is valued a bit cheaper.
  • WAVE is valuated reasonably with a Price/Forward Earnings ratio of 11.74.
  • 68.57% of the companies in the same industry are more expensive than WAVE, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of WAVE to the average of the S&P500 Index (21.68), we can say WAVE is valued slightly cheaper.
Industry RankSector Rank
PE 14.21
Fwd PE 11.74
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as WAVE.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WAVE indicates a somewhat cheap valuation: WAVE is cheaper than 65.71% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.91
EV/EBITDA 8.9
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

  • WAVE's 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)1.28
PEG (5Y)0.98
EPS Next 2Y11.19%
EPS Next 3Y10.9%

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

4

5. WAVE.PA Dividend Analysis

5.1 Amount

  • WAVE has a yearly dividend return of 0.99%, which is pretty low.
  • In the last 3 months the price of WAVE has falen by -24.46%. 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 2.71, WAVE has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.99, WAVE pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector 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
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

  • 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 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 (4/29/2026, 7:00:00 PM)

45.75

+0.85 (+1.89%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Industry Strength16.22
Industry Growth46
Earnings (Last)02-02
Earnings (Next)04-30
Inst Owners16.52%
Inst Owner ChangeN/A
Ins Owners44.17%
Ins Owner ChangeN/A
Market Cap1.14B
Revenue(TTM)943.94M
Net Income(TTM)78.64M
Analysts83.64
Price Target66.91 (46.25%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector Rank
PE 14.21
Fwd PE 11.74
P/S 1.21
P/FCF 10.91
P/OCF 10.5
P/B 1.77
P/tB 21.96
EV/EBITDA 8.9
EPS(TTM)3.22
EY7.04%
EPS(NY)3.9
Fwd EY8.52%
FCF(TTM)4.19
FCFY9.17%
OCF(TTM)4.36
OCFY9.53%
SpS37.89
BVpS25.86
TBVpS2.08
PEG (NY)1.28
PEG (5Y)0.98
Graham Number43.2812 (-5.4%)
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 4.39
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%.