Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Webstep ASA is a Norway-based technology and consulting company specializing in high-end information technology (IT) consultancy services for private and public sector clients. Its primary function is to drive digital transformation through expertise in digitalization, cloud migration, integration, Internet of Things (IoT), machine learning, IT security, robotics, analytics, and system development. The company delivers tailored solutions such as software development, IT infrastructure, mobility, DevOps, project management, and security, serving diverse industries including healthcare, transportation, finance, public administration, banking, insurance, energy, agriculture, and telecommunications. Operating mainly in Norway and Sweden with approximately 530 employees, Webstep ASA generates the majority of its revenue from these Nordic markets. Founded in 2000 and headquartered in Oslo, it upholds strong corporate governance aligned with the Norwegian Code of Practice, featuring dedicated committees for audit, remuneration, and mergers & acquisitions. As a small value stock in the information technology services sector, Webstep ASA supports organizations in navigating complex IT challenges and adopting advanced digital strategies.
€1.14
€0.01 (-0.44%)
EOD Jul 1, 2026
Operating margin is thin at 6.70%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.5% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 10x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
9.5x earnings, 7.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 809M
▼ -4.5% YoY
Net Income (TTM)
NOK 35M
▼ -18.5% YoY
Op. Margin
6.09%
▼ -0.9pp YoY
ROIC
10.81%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 45M
▲ +307.3% YoY
Op. Cash Flow (TTM)
NOK 58M
▲ +259.5% YoY
Net Debt
-NOK 48M
Net Cash Position
Cash & Equiv.
NOK 105M
3Y CAGR: -2.0%
3Y CAGR: +16.4%
Continue Research
At a P/E of 9.5 and a price-to-free-cash-flow of 7.5, Webstep ASA (WSTEP.XOSL) trades below a two-stage DCF intrinsic value of about NOK 31.71 per share, so at NOK 1.14 the stock looks undervalued (2,681.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Webstep ASA scores 54/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 18.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 31.71 per share for WSTEP.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 23.78. At today's NOK 1.14, that puts the stock about 2,681.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Webstep ASA scores 54 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 6.1% operating margin and a 10.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Webstep ASA pays a regular dividend of about NOK 2.38 per share per year (typically in quarterly installments), a yield of roughly 18.5% at the current price. That is a payout ratio of about 177.0% of earnings, so the dividend is stretched at this level. Webstep ASA has grown the dividend at roughly 9.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For WSTEP.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. WSTEP.XOSL currently trades below its estimated intrinsic value and scores 54/100 on quality (mixed). It also yields about 18.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.