Webstep ASA

OB:WSTEP Stock Report

Market Cap: NOK 595.6m

Webstep Valuation

Is WSTEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (NOK22) is trading below our estimate of fair value (NOK68.58)

Significantly Below Fair Value: WSTEP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WSTEP?

Key metric: As WSTEP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WSTEP. This is calculated by dividing WSTEP's market cap by their current earnings.
What is WSTEP's PE Ratio?
PE Ratio60.5x
EarningsNOK 9.84m
Market CapNOK 595.56m

Price to Earnings Ratio vs Peers

How does WSTEP's PE Ratio compare to its peers?

The above table shows the PE ratio for WSTEP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
ITERA Itera
17.9x34.5%NOK 728.7m
BOUV Bouvet
20.9x7.7%NOK 7.9b
ATEA Atea
20.5x18.9%NOK 15.8b
MNTR Mintra Holding
17.6x-3.5%NOK 891.0m
WSTEP Webstep
60.5x43.2%NOK 595.6m

Price-To-Earnings vs Peers: WSTEP is expensive based on its Price-To-Earnings Ratio (60.5x) compared to the peer average (19.2x).

Price to Earnings Ratio vs Industry

How does WSTEP's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WSTEP 60.5xIndustry Avg. 17.5xNo. of Companies27PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WSTEP is expensive based on its Price-To-Earnings Ratio (60.5x) compared to the European IT industry average (17.6x).

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.

WSTEP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio60.5x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: WSTEP is expensive based on its Price-To-Earnings Ratio (60.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 06:11
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Webstep ASA is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fridtjof FredricssonPareto Securities
Olav RødevandPareto Securities