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Market Cap

kr914.9m

Last Updated

2021/05/08 16:23 UTC

Data Sources

Company Financials

Executive Summary

Webstep ASA, together with its subsidiaries, provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Webstep's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WSTEP is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: WSTEP's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

5.3%

WSTEP

-2.3%

NO IT

0.6%

NO Market


1 Year Return

80.9%

WSTEP

48.7%

NO IT

37.3%

NO Market

Return vs Industry: WSTEP exceeded the Norwegian IT industry which returned 48.7% over the past year.

Return vs Market: WSTEP exceeded the Norwegian Market which returned 37.3% over the past year.


Shareholder returns

WSTEPIndustryMarket
7 Day5.3%-2.3%0.6%
30 Day17.2%-0.2%0.9%
90 Day39.3%5.2%5.2%
1 Year103.6%80.9%50.0%48.7%43.2%37.3%
3 Year57.8%30.8%29.3%21.2%14.0%1.4%
5 Yearn/a103.4%84.1%79.6%46.4%

Long-Term Price Volatility Vs. Market

How volatile is Webstep's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Webstep undervalued compared to its fair value and its price relative to the market?

24.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WSTEP (NOK34) is trading above our estimate of fair value (NOK26.14)

Significantly Below Fair Value: WSTEP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WSTEP is good value based on its PE Ratio (24.7x) compared to the XE IT industry average (25.7x).

PE vs Market: WSTEP is poor value based on its PE Ratio (24.7x) compared to the Norwegian market (15.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WSTEP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WSTEP is good value based on its PB Ratio (2.4x) compared to the XE IT industry average (3.5x).


Future Growth

How is Webstep forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.5%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Webstep has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Webstep performed over the past 5 years?

-2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WSTEP has high quality earnings.

Growing Profit Margin: WSTEP's current net profit margins (5.3%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: WSTEP's earnings have declined by 2.4% per year over the past 5 years.

Accelerating Growth: WSTEP's earnings growth over the past year (2%) exceeds its 5-year average (-2.4% per year).

Earnings vs Industry: WSTEP earnings growth over the past year (2%) underperformed the IT industry 12.3%.


Return on Equity

High ROE: WSTEP's Return on Equity (9.7%) is considered low.


Financial Health

How is Webstep's financial position?


Financial Position Analysis

Short Term Liabilities: WSTEP's short term assets (NOK159.5M) do not cover its short term liabilities (NOK185.6M).

Long Term Liabilities: WSTEP's short term assets (NOK159.5M) exceed its long term liabilities (NOK25.8M).


Debt to Equity History and Analysis

Debt Level: WSTEP is debt free.

Reducing Debt: WSTEP has no debt compared to 5 years ago when its debt to equity ratio was 50.9%.

Debt Coverage: WSTEP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: WSTEP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Webstep current dividend yield, its reliability and sustainability?

4.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WSTEP's dividend (4.71%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.91%).

High Dividend: WSTEP's dividend (4.71%) is low compared to the top 25% of dividend payers in the Norwegian market (4.95%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, WSTEP has been paying a dividend for less than 10 years.

Growing Dividend: WSTEP's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (116.2%), WSTEP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

Save Asmervik

0.25

Tenure

Mr. Save Asmervik has been Chief Executive Officer at Webstep ASA since February 15, 2021. Mr. Asmervik has since 2011 served as regional director of Webstep in Trondheim. Mr. Asmervik has a long and stro...


Leadership Team

Experienced Management: WSTEP's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: WSTEP's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WSTEP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Webstep ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Webstep ASA
  • Ticker: WSTEP
  • Exchange: OB
  • Founded: 2000
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: kr914.854m
  • Shares outstanding: 26.91m
  • Website: https://www.webstep.com

Number of Employees


Location

  • Webstep ASA
  • Epicenter
  • Edvard Storms gate 2
  • Oslo
  • Oslo
  • 166
  • Norway

Listings


Biography

Webstep ASA, together with its subsidiaries, provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden. The company offers digitalization, cloud migrat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/08 16:23
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.