WSTEP Stock Overview
Webstep ASA, together with its subsidiaries, provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr34.80|
|52 Week High||kr38.80|
|52 Week Low||kr27.30|
|1 Month Change||6.10%|
|3 Month Change||16.39%|
|1 Year Change||25.63%|
|3 Year Change||45.00%|
|5 Year Change||n/a|
|Change since IPO||28.89%|
Recent News & Updates
Webstep (OB:WSTEP) Has Announced That It Will Be Increasing Its Dividend To kr1.70
Webstep ASA's ( OB:WSTEP ) dividend will be increasing to kr1.70 on 9th of May. This takes the dividend yield from 5.5...
|WSTEP||NO IT||NO Market|
Return vs Industry: WSTEP exceeded the Norwegian IT industry which returned -23.3% over the past year.
Return vs Market: WSTEP exceeded the Norwegian Market which returned 8.7% over the past year.
|WSTEP Average Weekly Movement||4.2%|
|IT Industry Average Movement||5.3%|
|Market Average Movement||6.8%|
|10% most volatile stocks in NO Market||12.5%|
|10% least volatile stocks in NO Market||3.7%|
Stable Share Price: WSTEP is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WSTEP's weekly volatility (4%) has been stable over the past year.
About the Company
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 migration and integration, Internet of Things, machine learning, IT security, robotics, and analytics. Its services include consulting, digitalization,
Webstep Fundamentals Summary
|WSTEP fundamental statistics|
Is WSTEP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WSTEP income statement (TTM)|
|Cost of Revenue||kr680.71m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 24, 2022
|Earnings per share (EPS)||1.92|
|Net Profit Margin||6.48%|
How did WSTEP perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is WSTEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WSTEP?
Other financial metrics that can be useful for relative valuation.
|What is WSTEP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does WSTEP's PE Ratio compare to its peers?
|WSTEP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: WSTEP is good value based on its Price-To-Earnings Ratio (18.1x) compared to the peer average (28x).
Price to Earnings Ratio vs Industry
How does WSTEP's PE Ratio compare vs other companies in the European IT Industry?
Price-To-Earnings vs Industry: WSTEP is good value based on its Price-To-Earnings Ratio (18.1x) compared to the Norwegian IT industry average (21.4x)
Price to Earnings Ratio vs Fair Ratio
What is WSTEP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.1x|
|Fair PE Ratio||22.3x|
Price-To-Earnings vs Fair Ratio: WSTEP is good value based on its Price-To-Earnings Ratio (18.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).
Share Price vs Fair Value
What is the Fair Price of WSTEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WSTEP (NOK34.8) is trading below our estimate of fair value (NOK93.01)
Significantly Below Fair Value: WSTEP is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
How is Webstep forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WSTEP's forecast earnings growth (15.3% per year) is above the savings rate (1.1%).
Earnings vs Market: WSTEP's earnings (15.3% per year) are forecast to grow faster than the Norwegian market (0.3% per year).
High Growth Earnings: WSTEP's earnings are forecast to grow, but not significantly.
Revenue vs Market: WSTEP's revenue (8.2% per year) is forecast to grow faster than the Norwegian market (-0.9% per year).
High Growth Revenue: WSTEP's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WSTEP's Return on Equity is forecast to be low in 3 years time (17.7%).
Discover growth companies
How has Webstep performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WSTEP has high quality earnings.
Growing Profit Margin: WSTEP's current net profit margins (6.5%) are higher than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: WSTEP's earnings have declined by 0.3% per year over the past 5 years.
Accelerating Growth: WSTEP's earnings growth over the past year (29.2%) exceeds its 5-year average (-0.3% per year).
Earnings vs Industry: WSTEP earnings growth over the past year (29.2%) exceeded the IT industry 18.5%.
Return on Equity
High ROE: WSTEP's Return on Equity (12.8%) is considered low.
Discover strong past performing companies
How is Webstep's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: WSTEP's short term assets (NOK239.9M) exceed its short term liabilities (NOK234.8M).
Long Term Liabilities: WSTEP's short term assets (NOK239.9M) exceed its long term liabilities (NOK48.3M).
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 111.9%.
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.
Discover healthy companies
What is Webstep current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WSTEP's dividend (4.89%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.67%).
High Dividend: WSTEP's dividend (4.89%) is low compared to the top 25% of dividend payers in the Norwegian market (6.77%).
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 4 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (87.4%), WSTEP's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (77.6%), WSTEP's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: WSTEP's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: WSTEP's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WSTEP insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Webstep ASA's employee growth, exchange listings and data sources
- Name: Webstep ASA
- Ticker: WSTEP
- Exchange: OB
- Founded: 2000
- Industry: IT Consulting and Other Services
- Sector: Software
- Implied Market Cap: kr953.797m
- Shares outstanding: 27.41m
- Website: https://www.webstep.com
Number of Employees
- Webstep ASA
- Universitetsgata 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 00:00|
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.