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Webstep

OB:WSTEP
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WSTEP
OB
NOK641M
Market Cap
  1. Home
  2. NO
  3. Software
Company description

Webstep ASA, together with its subsidiaries, provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden. The last earnings update was 24 days ago. More info.


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WSTEP Share Price and Events
7 Day Returns
1.7%
OB:WSTEP
2.1%
NO IT
2.6%
NO Market
1 Year Returns
-19.3%
OB:WSTEP
-0.5%
NO IT
-9.1%
NO Market
WSTEP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Webstep (WSTEP) 1.7% 0.8% 2.5% -19.3% - -
NO IT 2.1% 5.3% 2.8% -0.5% 48% 99%
NO Market 2.6% 8% 2.6% -9.1% 31.3% 13.2%
1 Year Return vs Industry and Market
  • WSTEP underperformed the IT industry which returned -0.5% over the past year.
  • WSTEP underperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

WSTEP Value

 Is Webstep undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Webstep to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Webstep.

OB:WSTEP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:WSTEP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.964 (1 + (1- 23%) (8.6%))
1.018
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.018 * 5.96%)
7.83%

Discounted Cash Flow Calculation for OB:WSTEP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Webstep is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OB:WSTEP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 7.83%)
2020 49.60 Est @ -3.02% 45.99
2021 48.81 Est @ -1.59% 41.98
2022 48.52 Est @ -0.58% 38.70
2023 48.58 Est @ 0.12% 35.93
2024 48.88 Est @ 0.61% 33.53
2025 49.34 Est @ 0.96% 31.39
2026 49.94 Est @ 1.2% 29.46
2027 50.62 Est @ 1.37% 27.69
2028 51.37 Est @ 1.48% 26.06
2029 52.17 Est @ 1.57% 24.55
Present value of next 10 years cash flows NOK335.00
OB:WSTEP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK52.17 × (1 + 1.76%) ÷ (7.83% – 1.76%)
NOK874.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK874.71 ÷ (1 + 7.83%)10
NOK411.61
OB:WSTEP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK335.00 + NOK411.61
NOK746.61
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK746.61 / 26.48
NOK28.19
OB:WSTEP Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK28.19
Current discount Discount to share price of NOK24.20
= -1 x (NOK24.20 - NOK28.19) / NOK28.19
14.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Webstep is available for.
Intrinsic value
14%
Share price is NOK24.2 vs Future cash flow value of NOK28.19
Current Discount Checks
For Webstep to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Webstep's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Webstep's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Webstep's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Webstep's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:WSTEP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK1.81
OB:WSTEP Share Price ** OB (2019-09-13) in NOK NOK24.2
Norway IT Industry PE Ratio Median Figure of 6 Publicly-Listed IT Companies 18.12x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Webstep.

OB:WSTEP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:WSTEP Share Price ÷ EPS (both in NOK)

= 24.2 ÷ 1.81

13.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Webstep is good value based on earnings compared to the NO IT industry average.
  • Webstep is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Webstep's expected growth come at a high price?
Raw Data
OB:WSTEP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.4%per year
Europe IT Industry PEG Ratio Median Figure of 85 Publicly-Listed IT Companies 1.32x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.72x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Webstep, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Webstep's assets?
Raw Data
OB:WSTEP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK13.63
OB:WSTEP Share Price * OB (2019-09-13) in NOK NOK24.2
Norway IT Industry PB Ratio Median Figure of 6 Publicly-Listed IT Companies 4.62x
Norway Market PB Ratio Median Figure of 238 Publicly-Listed Companies 1.13x
OB:WSTEP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:WSTEP Share Price ÷ Book Value per Share (both in NOK)

= 24.2 ÷ 13.63

1.78x

* Primary Listing of Webstep.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Webstep is good value based on assets compared to the NO IT industry average.
X
Value checks
We assess Webstep's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Webstep has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WSTEP Future Performance

 How is Webstep expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Webstep, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Webstep expected to grow at an attractive rate?
  • Webstep's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Webstep's earnings growth is positive but not above the Norway market average.
  • Unable to compare Webstep's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:WSTEP Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:WSTEP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.4%
Norway IT Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
Norway Market Earnings Growth Rate Market Cap Weighted Average 15.1%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:WSTEP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:WSTEP Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 660 57 48
2019-03-31 673 62 54
2018-12-31 663 92 56
2018-09-30 654 56 49
2018-06-30 641 22 45
2018-03-31 610 17 36
2017-12-31 597 8 34
2017-09-30 581 13 43
2017-06-30 575 60 44
2017-03-31 577 67 44
2016-12-31 563 50 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Webstep's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Webstep is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:WSTEP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Webstep Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:WSTEP Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 1.81
2019-03-31 2.04
2018-12-31 2.13
2018-09-30 1.86
2018-06-30 1.82
2018-03-31 1.53
2017-12-31 1.55
2017-09-30 2.10
2017-06-30 2.12
2017-03-31 2.14
2016-12-31 2.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Webstep will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Webstep's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Webstep has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WSTEP Past Performance

  How has Webstep performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Webstep's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Webstep's year on year earnings growth rate has been positive over the past 5 years.
  • Webstep's 1-year earnings growth is less than its 5-year average (6.3% vs 11.4%)
  • Webstep's earnings growth has not exceeded the NO IT industry average in the past year (6.3% vs 28.5%).
Earnings and Revenue History
Webstep's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Webstep Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:WSTEP Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 659.82 47.93 5.90
2019-03-31 672.72 53.98 5.90
2018-12-31 663.15 56.22 5.90
2018-09-30 653.74 48.73 6.10
2018-06-30 640.62 45.09 6.10
2018-03-31 610.37 35.75 6.10
2017-12-31 596.52 33.85 6.10
2017-09-30 580.51 43.42 5.90
2017-06-30 574.63 43.71 5.90
2017-03-31 576.73 44.23 5.90
2016-12-31 562.52 40.52 5.90
2015-12-31 549.06 36.55
2014-12-31 533.75 27.24
2013-12-31 459.80 28.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Webstep has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Webstep used its assets more efficiently than the NO IT industry average last year based on Return on Assets.
  • Webstep's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Webstep's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Webstep has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WSTEP Health

 How is Webstep's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Webstep's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Webstep's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Webstep's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Webstep's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Webstep Company Filings, last reported 2 months ago.

OB:WSTEP Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 360.97 30.94 5.69
2019-03-31 389.10 0.00 25.55
2018-12-31 376.57 0.00 33.48
2018-09-30 357.33 41.52 4.24
2018-06-30 350.54 43.78 6.56
2018-03-31 371.06 3.03 7.54
2017-12-31 357.74 24.29 6.58
2017-09-30 228.03 172.37 1.76
2017-06-30 226.68 177.50 40.82
2017-03-31 196.92 221.23 80.31
2016-12-31 196.92 221.23 80.31
2015-12-31 166.65 84.08 67.76
2014-12-31 297.56 122.04 73.30
2013-12-31 277.51 168.75 58.29
  • Webstep's level of debt (8.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (50.6% vs 8.6% today).
  • Debt is well covered by operating cash flow (182.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.6x coverage).
X
Financial health checks
We assess Webstep's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Webstep has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WSTEP Dividends

 What is Webstep's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.61%
Current annual income from Webstep dividends.
If you bought NOK2,000 of Webstep shares you are expected to receive NOK132 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Webstep's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • Webstep's dividend is above the markets top 25% of dividend payers in Norway (6.47%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:WSTEP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Norway IT Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 5.1%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:WSTEP Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-22 1.600 6.654
2018-03-21 1.500 5.723
2017-11-16 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Webstep has stable dividend payments.
  • Webstep only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Webstep's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Webstep's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Webstep afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Webstep has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WSTEP Management

 What is the CEO of Webstep's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Arne Norheim
TENURE AS CEO 0.3 years
CEO Bio

Mr. Arne Norheim has been Chief Executive Officer of Webstep ASA since May 02, 2019. Mr. Norheim has served as Country General Manager of IBM Norge AS since July 2013. He started his career in IBM US in 1996 and has over the last 22 years held various positions within finance and general business management in different parts of the IBM organisation; in the USA, Sweden, France, Denmark and Norway. Arne Norheim has a long and strong track record and is recognised as a solid technology and consultancy leader within the IBM system.

CEO Compensation
  • Insufficient data for Arne to compare compensation growth.
  • Insufficient data for Arne to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure

Average tenure of the Webstep management team in years:

1
Average Tenure
  • The average tenure for the Webstep management team is less than 2 years, this suggests a new team.
Management Team

Liv Kverneland

TITLE
Chief Financial Officer
COMPENSATION
NOK2M
TENURE
1 yrs

Arnt Aasen

TITLE
Director of Communications
COMPENSATION
NOK1M

Rolf Helle

TITLE
Director of Business Development
COMPENSATION
NOK2M
TENURE
1 yrs

Arne Norheim

TITLE
Chief Executive Officer
TENURE
0.3 yrs

Hans Hansen

TITLE
Chief Operating Officer of Norway
TENURE
1 yrs

Jakob Cardell

TITLE
Chief Operating Officer - Sweden
Board of Directors Tenure

Average tenure and age of the Webstep board of directors in years:

2.7
Average Tenure
53
Average Age
  • The average tenure for the Webstep board of directors is less than 3 years, this suggests a new board.
Board of Directors

Klaus-Anders Nysteen

TITLE
Chairman of the Board
COMPENSATION
NOK360K
AGE
53
TENURE
2.7 yrs

Bjørn Danielsen

TITLE
Board Member
COMPENSATION
NOK239K
AGE
71
TENURE
2.7 yrs

Terje Bakken

TITLE
Board Member
COMPENSATION
NOK229K
AGE
53
TENURE
2.7 yrs

Siw Ødegaard

TITLE
Board Member
COMPENSATION
NOK235K
AGE
53
TENURE
2.7 yrs

Toril Nag

TITLE
Board Member
COMPENSATION
NOK210K
AGE
55
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Webstep individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
27. Aug 19 Buy Liv Kverneland Individual 27. Aug 19 27. Aug 19 5,285 NOK23.96 NOK126,629
03. Jul 19 Sell Reiten & Co Company 03. Jul 19 03. Jul 19 -3,844,255 NOK25.00 NOK-96,106,360
22. May 19 Buy Arne Norheim Individual 22. May 19 22. May 19 6,406 NOK23.56 NOK150,925
14. Mar 19 Buy Liv Kverneland Individual 14. Mar 19 14. Mar 19 14,500 NOK24.00 NOK348,000
22. Feb 19 Sell Arnt Aasen Individual 22. Feb 19 22. Feb 19 -150,000 NOK24.00 NOK-3,600,000
15. Feb 19 Buy Liv Kverneland Individual 15. Feb 19 15. Feb 19 11,375 NOK25.20 NOK286,650
22. Jan 19 Buy Arctic Securities ASA, Asset Management Arm Company 22. Jan 19 22. Jan 19 3,844,255 NOK25.00 NOK96,106,370
22. Jan 19 Sell Reiten & Co Company 22. Jan 19 22. Jan 19 -3,844,255 NOK25.00 NOK-96,106,370
30. Nov 18 Buy Ole Kirkeluten Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
30. Nov 18 Buy Morten Evenrud Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
30. Nov 18 Buy Anders Bjørnestad Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
30. Nov 18 Buy Arnt Aasen Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
30. Nov 18 Buy Marianne Styrman Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
30. Nov 18 Buy Liv Kverneland Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
30. Nov 18 Buy Rolf Helle Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
30. Nov 18 Buy Kjetil Eriksen Individual 26. Nov 18 26. Nov 18 591 NOK25.38 NOK15,000
X
Management checks
We assess Webstep's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Webstep has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WSTEP News

Simply Wall St News

Webstep ASA (OB:WSTEP) Delivered A Weaker ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each NOK1 of shareholders' equity it has, the company made NOK0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Webstep ASA (OB:WSTEP)'s Return on Capital

As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand Webstep’s capital returns we will look at a useful metric called return on capital employed.

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Who Owns Webstep ASA (OB:WSTEP)?

Today, I will be analyzing Webstep ASA’s (OB:WSTEP) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … OB:WSTEP Ownership Summary August 22nd 18

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Is Webstep ASA (OB:WSTEP) Attractive At This PE Ratio?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Check out our latest analysis for Webstep

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With An ROE Of 9.64%, Can Webstep ASA (OB:WSTEP) Catch Up To The Industry?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Webstep ASA (OB:WSTEP). … Webstep ASA’s (OB:WSTEP) most recent return on equity was a substandard 9.64% relative to its industry performance of 16.69% over the past year.

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Webstep ASA (OB:WSTEP): Should The Recent Earnings Drop Worry You?

See our latest analysis for Webstep Did WSTEP perform worse than its track record and industry? … I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Looking at growth from a sector-level, the NO it industry has been growing, albeit, at a subdued single-digit rate of 7.47% in the past year, and 8.72% over the past five.

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Is It Time To Buy Webstep ASA (OB:WSTEP) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for WSTEP Price per share = NOK26.5 Earnings per share = NOK1.547 ∴ Price-Earnings Ratio = NOK26.5 ÷ NOK1.547 = 17.1x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with WSTEP, then investors would naturally value WSTEP at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with WSTEP, investors would also value WSTEP at a lower price since it is a lower growth investment.

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Will Webstep ASA (OB:WSTEP) Continue To Underperform Its Industry?

View our latest analysis for Webstep Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … ROE can be dissected into three distinct ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OB:WSTEP Last Perf Apr 16th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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Is Webstep ASA's (OB:WSTEP) Balance Sheet Strong Enough To Weather A Storm?

How does WSTEP’s operating cash flow stack up against its debt? … Additionally, WSTEP has produced ØRE8.04M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 33.12%, indicating that WSTEP’s debt is appropriately covered by operating cash. … In WSTEP's, case, the ratio of 8.62x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving WSTEP ample headroom to grow its debt facilities.Next Steps: WSTEP’s high cash coverage and conservative debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

Simply Wall St -

WSTEP Company Info

Description

Webstep ASA, together with its subsidiaries, provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden. It offers digitalization, cloud migration and integration, Internet of Things, machine learning, robotics, and analytics. The company also provides cloud computing and infrastructure, security and mobility, sensor technology, product and service development, enterprise user experience, Web analysis, designing, Amazon Web, Azure, big data, prediction, AI, predictive modelling, hackathon, business analysis, and search engine optimization services, as well as IT advisory and management solutions. It serves customers in food, banking and financial, oil and offshore, power and energy, telecom, and software industries. The company was founded in 2000 and is headquartered in Oslo, Norway.

Details
Name: Webstep ASA
WSTEP
Exchange: OB
Founded: 2000
NOK640,830,278
26,480,590
Website: http://www.webstep.com
Address: Webstep ASA
Lilleakerveien 8,
Oslo,
Oslo, 0283,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB WSTEP Ordinary Shares Oslo Bors NO NOK 11. Oct 2017
LSE 0TCZ Ordinary Shares London Stock Exchange GB NOK 11. Oct 2017
Number of employees
Current staff
Staff numbers
386
Webstep employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 21:48
End of day share price update: 2019/09/13 00:00
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.