PAR:WAVE

Wavestone S.A. · PAR · Technology · EUR · FY for 2026

Figures on this page computed 2026-11-07 17:30 UTC

Last close

n/aEUR

Market data

We are not showing closes for this listing. A line drawn through points we do not hold would look exactly like a listing that did not move.

  • 10.0xP/E

    Price / Earnings per Share (diluted)

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
    • Computed from the filing for 2026
  • 14.1%ROIC

    NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • 8.6%Net margin

    Net Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • 13.5%FCF margin

    Free Cash Flow / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • 0.03Debt/equity

    Total Debt / Shareholders' Equity

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • 1.4%Dividend yield
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed

A find tonight

The business including its debt costs 6.69 times the operating profit it filed, the earnings in its last filed year are 9.6 percent of what the whole company costs, and sits at 3.85 on Altman's Z, clear of the distress band.

Value
69
Cheap
74
Sound
63
Unwatched
76

What stands out

  • Safety: sits at 3.85 on Altman's Z, clear of the distress band, which is better than 84 percent of the companies we rank in Euronext Paris.
  • Returns: earns 14.1 percent on the capital it has invested, which is better than 75 percent of the companies we rank in Euronext Paris.
  • Price: the business including its debt costs 6.69 times the operating profit it filed, which is better than 92 percent of the companies we rank in Euronext Paris.

What could make it a trap

  • Beneish's M is -1.51, above the -1.78 his model treats as worth reading the accruals for.
  • It is down 32.2 percent over the last year, and the market may be reading something the last filing does not show.

Why it is cheap

Except where said otherwise: Computed from the filing for 2026

  • Earnings yield9.6%

    Filed net income for the last annual period, over market value

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    EUR
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Free cash flow yield15.0%

    Filed operating cash flow less capital expenditure, over market value

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    EUR
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Price to book1.2x

    Market value over filed total equity

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    EUR
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • EV to EBIT multiple6.7x

    Market value plus filed net debt, over filed operating profit

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    EUR
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Cash and equivalents against market value14.2%

    Filed cash and equivalents, over market value

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    EUR
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Return on invested capital14.1%Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    EUR
  • Altman Z-Score3.85Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    EUR
  • Piotroski F-Score6.00Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    EUR
  • Earnings quality (Sloan accruals)1.05Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    EUR
  • Consecutive profitable filed years10Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    EUR

Last close: Market data, 2026-11-04

The filed years, as a table

10

Each line is 100 at 2017-03-31, the first year we hold.

Filed yearSalesProfitShares in issue
2017-03-31100.0100.0100.0
2018-03-31106.3132.8102.2
2019-03-31115.6153.4101.7
2020-03-31124.6155.3101.3
2021-03-31123.3126.5101.6
2022-03-31138.8254.5102.0
2023-03-31157.1249.7101.7
2024-03-31207.0290.2109.3
2025-03-31278.6376.8125.3
2026-03-31281.7408.8125.1
How sales was got
Source
computed
Statement
income
Fiscal year
2026
Reported in
EUR
How profit was got
Source
computed
Statement
income
Fiscal year
2026
Reported in
EUR
How shares in issue was got
Source
computed
Statement
income
Fiscal year
2026
Reported in
EUR

Figures behind the shape

Growth

18.0%

faster is higher, placed against 4,950 companies as of 2026-11-06

  • Five-year revenue growth rate18.0%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
  • Five-year EPS growth rate21.3%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
  • One-year change in net income8.5%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed

Returns on capital

14.1%

higher is higher, placed against 5,089 companies as of 2026-11-06

  • Return on invested capital14.1%

    NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Return on equity11.7%

    Net Income / Shareholders' Equity x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Return on assets8.2%

    Net Income / Total Assets x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026

Margins

12.6%

wider is higher, placed against 3,412 companies as of 2026-11-06

  • Gross margin12.6%

    Gross Profit / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Operating margin11.8%

    Operating Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Net margin8.6%

    Net Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Free cash flow margin13.5%

    Free Cash Flow / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026

Price

10.0x

cheaper is higher, placed against 4,362 companies as of 2026-11-06

  • Price to earnings10.0x

    Price / Earnings per Share (diluted)

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
    • Computed from the filing for 2026
  • Price to book1.2x

    Price / Book Value per Share, where BVPS = Shareholders' Equity / Diluted Shares

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
    • Computed from the filing for 2026
    • computed
    • Computed from the filing for 2026
  • EV to EBITDA5.4x

    Enterprise Value / EBITDA, where EV = Market Cap + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Price to sales ratio0.9x

    Market Cap / Revenue, where Market Cap = Price x Diluted Shares

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
    • Computed from the filing for 2026
    • Computed from the filing for 2026

Safety

0.03

safer is higher, placed against 3,227 companies as of 2026-11-06

  • Debt to equity0.03

    Total Debt / Shareholders' Equity

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Current ratio1.59

    Current Assets / Current Liabilities

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Interest coverage72.5x

    Operating Income / Interest Expense

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Altman Z-Score3.79

    1.2 x A + 1.4 x B + 3.3 x C + 0.6 x D + 1.0 x E (A=WC/TA, B=RE/TA, C=EBIT/TA, D=MktCap/TL, E=Rev/TA)

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026

What it pays out

1.4%

more, and better covered, is higher, placed against 1,091 companies as of 2026-11-06

  • Dividend yield1.4%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed
  • Payout ratio13.8%

    Common Dividends Paid / Net Income x 100, both from the latest filed fiscal year

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Dividend cover ratio11.4x
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    EUR
    • computed

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