Waystream Holding AB (publ)

OM:WAYS Stock Report

Market Cap: SEK 342.0m

Waystream Holding Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of WAYS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: WAYS (SEK39) is trading below our estimate of future cash flow value (SEK81.31)

Significantly Below Future Cash Flow Value: WAYS is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WAYS. This is calculated by dividing WAYS's market cap by their current earnings.
What is WAYS's PE Ratio?
PE Ratio56.1x
EarningsSEK 6.10m
Market CapSEK 342.00m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WAYS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.3x
TAGM B TagMaster
17.3xn/aSEK 597.6m
LUMEN LumenRadio
31.7xn/aSEK 752.4m
HMS HMS Networks
51.9x21.85%SEK 25.0b
FRACTL Fractal Gaming Group
52.2x78.35%SEK 409.0m
WAYS Waystream Holding
56.1x53.22%SEK 342.0m

Price-To-Earnings vs Peers: WAYS is expensive based on its Price-To-Earnings Ratio (56.1x) compared to the peer average (38.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does WAYS's PE Ratio compare vs other companies in the European Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WAYS 56.1xIndustry Avg. 29.8xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WAYS is expensive based on its Price-To-Earnings Ratio (56.1x) compared to the European Communications industry average (30.6x).

Price to Earnings Ratio vs Fair Ratio

What is WAYS'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.

WAYS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.1x
Fair PE Ratio36.7x

Price-To-Earnings vs Fair Ratio: WAYS is expensive based on its Price-To-Earnings Ratio (56.1x) compared to the estimated Fair Price-To-Earnings Ratio (36.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WAYS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 39.00
SEK 59.00
+51.28%
10.17%SEK 65.00SEK 53.00n/a2
Jun ’27SEK 41.70
SEK 59.00
+41.49%
10.17%SEK 65.00SEK 53.00n/a2
May ’27SEK 40.90
SEK 59.00
+44.25%
10.17%SEK 65.00SEK 53.00n/a2
Apr ’27SEK 41.70
SEK 41.00
-1.68%
9.76%SEK 45.00SEK 37.00n/a2
Mar ’27SEK 38.80
SEK 40.00
+3.09%
7.50%SEK 43.00SEK 37.00n/a2
Feb ’27SEK 42.40
SEK 40.00
-5.66%
7.50%SEK 43.00SEK 37.00n/a2
Jan ’27SEK 40.80
SEK 40.00
-1.96%
7.50%SEK 43.00SEK 37.00n/a2
Dec ’26SEK 33.80
SEK 39.50
+16.86%
6.33%SEK 42.00SEK 37.00n/a2
Nov ’26SEK 34.80
SEK 39.50
+13.51%
6.33%SEK 42.00SEK 37.00n/a2
Oct ’26SEK 37.60
SEK 38.50
+2.39%
3.90%SEK 40.00SEK 37.00n/a2
Sep ’26SEK 39.30
SEK 38.50
-2.04%
3.90%SEK 40.00SEK 37.00n/a2
Aug ’26SEK 41.30
SEK 38.50
-6.78%
3.90%SEK 40.00SEK 37.00n/a2
Jul ’26SEK 36.00
SEK 35.75
-0.69%
3.50%SEK 37.00SEK 34.50SEK 39.002
Jun ’26SEK 29.10
SEK 34.25
+17.70%
8.03%SEK 37.00SEK 31.50SEK 41.702
May ’26SEK 26.80
SEK 33.50
+25.00%
7.41%SEK 37.00SEK 31.50SEK 40.903
Apr ’26SEK 21.75
SEK 31.33
+44.06%
10.53%SEK 35.00SEK 27.00SEK 41.703
Mar ’26SEK 16.40
SEK 33.33
+103.25%
17.38%SEK 41.00SEK 27.00SEK 38.803
Feb ’26SEK 14.94
SEK 32.00
+114.19%
22.96%SEK 41.00SEK 23.00SEK 42.403
Jan ’26SEK 16.68
SEK 36.50
+118.82%
12.33%SEK 41.00SEK 32.00SEK 40.802
Dec ’25SEK 15.06
SEK 36.50
+142.36%
12.33%SEK 41.00SEK 32.00SEK 33.802
Nov ’25SEK 18.78
SEK 38.00
+102.34%
15.79%SEK 44.00SEK 32.00SEK 34.802
Oct ’25SEK 18.90
SEK 38.00
+101.06%
15.79%SEK 44.00SEK 32.00SEK 37.602
Sep ’25SEK 20.60
SEK 38.00
+84.47%
15.79%SEK 44.00SEK 32.00SEK 39.302
Aug ’25SEK 22.35
SEK 38.25
+71.14%
12.42%SEK 43.00SEK 33.50SEK 41.302
Jul ’25SEK 19.68
SEK 38.25
+94.36%
12.42%SEK 43.00SEK 33.50SEK 36.002
SEK 59
Fair Value
33.9% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 10:37
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Waystream Holding AB (publ) is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Orjan RodenDNB Carnegie Commissioned Research
Mattias EhrenborgRedeye