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
Rewards
Risk Analysis
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
| WSTEP | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.3% | -2.3% | 0.6% |
| 30 Day | 17.2% | -0.2% | 0.9% |
| 90 Day | 39.3% | 5.2% | 5.2% |
| 1 Year | 103.6%80.9% | 50.0%48.7% | 43.2%37.3% |
| 3 Year | 57.8%30.8% | 29.3%21.2% | 14.0%1.4% |
| 5 Year | n/a | 103.4%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
1 week ago | Simply Wall St
Why It Might Not Make Sense To Buy Webstep ASA (OB:WSTEP) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Have Insiders Been Buying Webstep ASA (OB:WSTEP) Shares This Year?1 month ago | Simply Wall St
Investors Could Be Concerned With Webstep's (OB:WSTEP) Returns On CapitalValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/08 16:23 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.