A Business at a Glance
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WAVESTONE operates in the Information Technology Services industry, Technology sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 757M | 495M | 493M |
| Net Income | 86M | 86M | 63M | 54M | 30M |
| EPS | $3.50 | $3.50 | $2.93 | $2.68 | $1.50 |
| Free Cash Flow | 101M | 101M | 90M | 59M | 84M |
| ROIC | 14.5% | 14.5% | 17.3% | 27.9% | 18.6% |
| Gross Margin | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.08 | 0.10 | 0.19 | 0.27 |
| Dividends/Share | $0.43 | $0.52 | $0.38 | $0.24 | - |
| Operating Income | 124M | 124M | 93M | 77M | 51M |
| Operating Margin | 11.6% | 11.6% | 12.2% | 15.5% | 10.4% |
| ROE | 12.0% | 12.9% | 14.2% | 20.9% | 12.3% |
| Shares Outstanding | 24M | 24M | 21M | 20M | 20M |
| Metric | 2021 | 2022 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 493M | 495M | 757M | 1.1B | 1.1B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 51M | 77M | 93M | 124M | 124M |
| Op. Margin | 10.4% | 15.5% | 12.2% | 11.6% | 11.6% |
| Net Income | 30M | 54M | 63M | 86M | 86M |
| Net Margin | 6.1% | 10.9% | 8.3% | 8.0% | 8.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | 18.6% | 27.9% | 17.3% | 14.5% | 14.5% |
| ROE | 12.3% | 20.9% | 14.2% | 12.9% | 12.0% |
| ROA | 5.7% | 10.3% | 8.0% | 7.9% | 7.7% |
| Cash Flow | |||||
| Op. Cash Flow | 84M | 59M | 90M | 101M | 101M |
| Free Cash Flow | 84M | 59M | 90M | 101M | 101M |
| Owner Earnings | 81M | 57M | 85M | 95M | 95M |
| CapEx | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 4.9M | 8.2M | 11M | 11M |
| Dividend Yield | N/A | 0.5% | 0.7% | 0.8% | 0.9% |
| Share Buybacks | 0 | 2.6M | 6.4M | 14M | 14M |
| Buyback Yield | 0.0% | 0.3% | 0.7% | 0.9% | 1.2% |
| Stock-Based Comp | 2.7M | 2.2M | 4.8M | 6.4M | 6.4M |
| Debt Repayment | 45M | 8.9M | 6.1M | 52M | 52M |
| Balance Sheet | |||||
| Net Debt | -38M | -64M | -21M | -29M | -89M |
| Cash & Equiv. | 104M | 114M | 84M | 89M | 89M |
| Long-Term Debt | 57M | 42M | 56M | 51M | 51M |
| Debt/Equity | 0.27 | 0.19 | 0.10 | 0.08 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A |
| Equity | 243M | 271M | 615M | 715M | 715M |
| Total Assets | 527M | 520M | 1.1B | 1.1B | 1.1B |
| Total Liabilities | N/A | N/A | N/A | N/A | N/A |
| Intangibles | 7.3M | 4.5M | 81M | 75M | 75M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A |
| Working Capital | 96M | 115M | 63M | 131M | 131M |
| Current Assets | 276M | 294M | 372M | 397M | 397M |
| Current Liabilities | 180M | 179M | 309M | 266M | 266M |
| Per Share Data | |||||
| EPS | 1.50 | 2.68 | 2.93 | 3.50 | 3.50 |
| Owner EPS | 4.05 | 2.86 | 3.96 | 3.87 | 3.87 |
| Book Value | 12.17 | 13.52 | 28.65 | 29.26 | 29.26 |
| Cash Flow/Share | 4.18 | 2.96 | 4.18 | 4.13 | 3.50 |
| Dividends/Share | N/A | 0.24 | 0.38 | 0.52 | 0.43 |
| Shares Out. | 20.0M | 20.0M | 21.5M | 24.5M | 24.5M |
| Valuation | |||||
| P/E Ratio | 38.5 | 16.9 | 15.0 | 18.4 | 13.4 |
| P/FCF | 13.8 | 15.3 | 10.5 | 15.6 | 11.4 |
| EV/EBIT | 21.9 | 11.0 | 9.9 | 12.5 | 8.6 |
| Price/Book | 4.7 | 3.3 | 1.5 | 2.2 | 1.6 |
| Price/Sales | 2.3 | 1.8 | 1.2 | 1.5 | 1.1 |
| FCF Yield | 7.2% | 6.5% | 9.5% | 6.4% | 8.8% |
| Market Cap | 1.2B | 906M | 942M | 1.6B | 1.1B |
| Avg. Price | 47.96 | 49.24 | 58.41 | 57.89 | 47.00 |
| Year-End Price | 57.76 | 45.27 | 43.86 | 64.49 | 47.00 |
WAVESTONE passes 4 of 9 quality checks, suggesting mixed fundamentals.
WAVESTONE trades at 13.4x trailing earnings, compared to its 15-year median P/E of 17.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.4x vs a median of 14.5x. The company's 5-year average ROIC is 19.6%. Total shareholder yield (dividends + buybacks) is 2.1%. At current prices, the estimated annualized return to fair value is -1.7%.
WAVESTONE (WAVE-PA) has a current P/E ratio of 13.4, compared to its historical median P/E of 17.6. The stock is currently considered Fair based on its historical valuation range.
WAVESTONE (WAVE-PA) has a 5-year average return on invested capital (ROIC) of 19.6%. This indicates strong capital allocation and a potential competitive advantage.
WAVESTONE (WAVE-PA) has a market capitalization of $1.1B. It is classified as a small-cap stock.
Yes, WAVESTONE (WAVE-PA) pays a dividend with a trailing twelve-month yield of 0.92%. The company also returns capital through share buybacks, with a buyback yield of 1.19%.
Based on historical P/E analysis, WAVESTONE (WAVE-PA) appears fair. The current P/E of 13.4 is 24% below its historical median of 17.6. The estimated fair value CAGR (P/E method) is 14.9%.
WAVESTONE (WAVE-PA) operates in the Information Technology Services industry, within the Technology sector.
WAVESTONE (WAVE-PA) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
WAVESTONE (WAVE-PA) has a net profit margin of 8.0%. This is a modest margin.
WAVESTONE (WAVE-PA) generated $101 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WAVESTONE (WAVE-PA) has a debt-to-equity ratio of 0.08. This indicates a conservatively financed balance sheet.
WAVESTONE (WAVE-PA) reported earnings per share (EPS) of $3.50 in its most recent fiscal year.
WAVESTONE (WAVE-PA) has a return on equity (ROE) of 12.9%. This indicates moderate shareholder returns.
The Ledger Terminal provides 4 years of financial data for WAVESTONE (WAVE-PA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WAVESTONE (WAVE-PA) has a book value per share of $29.26, based on its most recent annual SEC filing.