Want to see FR:WAVE full AI Analyst Report?
Top Page
Wavestone
(WAVE)
Select Model
Select Model
Rating:74Outperform
Price Target:
€36.00
▼(-7.46% Downside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial fundamentals (growth, profitability, improving balance-sheet strength, and solid free cash flow) and attractive valuation (low P/E, supported by a modest dividend). These positives are tempered by weak technicals, with the stock trading below all major moving averages, signaling a sustained downtrend.
Positive Factors
Very strong balance sheet and ultra-low leverage
Substantially lower debt and a large equity base give the firm durable financial flexibility: less interest burden, higher resilience to downturns, capacity to fund organic growth or selective M&A, and lower refinancing risk — all structural positives over the next several months.
Negative Factors
Sharp gross-margin step-down in 2026
A sudden gross-margin decline materially reduces earnings quality and visibility. If driven by structural pricing pressure, delivery cost inflation, or adverse mix, it can compress long-term profitability and require sustained margin recovery to maintain returns and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong balance sheet and ultra-low leverage
Substantially lower debt and a large equity base give the firm durable financial flexibility: less interest burden, higher resilience to downturns, capacity to fund organic growth or selective M&A, and lower refinancing risk — all structural positives over the next several months.
Read all positive factors
Wavestone (WAVE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€801.16M
Dividend Yield1.42%
Average Volume (3M)19.23K
Price to Earnings (P/E)9.7
Beta (1Y)0.77
Revenue Growth1.13%
EPS Growth8.32%
CountryFR
Employees5,875
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)3.34
Shares Outstanding24,906,332
10 Day Avg. Volume31,173
30 Day Avg. Volume19,233
Financial Highlights & Ratios
PEG Ratio1.63
Price to Book (P/B)1.61
Price to Sales (P/S)1.18
P/FCF Ratio8.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€72.00Price Target Upside85.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.68
Revenue Forecast (FY)€977.94M
Wavestone Business Overview & Revenue Model
Company Description
Wavestone S.A. specializes in offering strategic and digital advisory services, primarily serving clients within France but also maintaining a notable international footprint. The firm extends its expertise across a broad spectrum of industries, e...
How the Company Makes Money
Wavestone makes money primarily by selling professional services (consulting and project delivery) to client organizations. Revenue is generated from consulting engagements that are typically billed on a time-and-materials basis (e.g., daily rates...
Wavestone Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 954.35M | 943.67M | 701.06M | 532.26M | 470.06M |
| Gross Profit | 119.87M | 344.64M | 167.79M | 116.41M | 215.94M |
| EBITDA | 132.76M | 127.84M | 95.55M | 77.61M | 80.33M |
| Net Income | 81.99M | 75.56M | 58.20M | 50.07M | 51.03M |
Balance Sheet | |||||
| Total Assets | 996.89M | 979.95M | 977.74M | 536.79M | 494.24M |
| Cash, Cash Equivalents and Short-Term Investments | 121.44M | 78.35M | 77.48M | 70.82M | 108.25M |
| Total Debt | 20.27M | 80.77M | 84.39M | 59.46M | 65.97M |
| Total Liabilities | 294.43M | 346.55M | 406.35M | 237.74M | 237.25M |
| Stockholders Equity | 701.31M | 631.96M | 569.47M | 299.05M | 256.98M |
Cash Flow | |||||
| Free Cash Flow | 128.46M | 84.44M | 78.67M | 35.36M | 55.23M |
| Operating Cash Flow | 130.77M | 89.28M | 81.77M | 41.15M | 56.34M |
| Investing Cash Flow | -12.72M | -48.74M | -69.02M | -52.73M | -12.48M |
| Financing Cash Flow | -76.10M | -40.18M | -7.41M | -25.85M | -23.96M |
Wavestone Technical Analysis
Negative
38.90
Price Trends
41.02
Negative
43.52
Negative
48.13
Negative
Market Momentum
-0.80
Negative
45.92
Neutral
55.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:WAVE, the sentiment is Negative. The current price of 38.9 is above the 20-day moving average (MA) of 38.66, below the 50-day MA of 41.02, and below the 200-day MA of 48.13, indicating a bearish trend. The MACD of -0.80 indicates Negative momentum. The RSI at 45.92 is Neutral, neither overbought nor oversold. The STOCH value of 55.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:WAVE.
Wavestone Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €702.51M | 18.40 | 13.47% | 2.55% | 11.35% | 2.20% | |
77 Outperform | €3.55B | 12.02 | 14.63% | 3.42% | 1.62% | 12.95% | |
74 Outperform | €801.16M | 9.70 | 12.19% | 1.18% | 1.13% | 8.32% | |
69 Neutral | €928.14M | 17.83 | 13.51% | 3.67% | 5.78% | -1.04% | |
64 Neutral | €17.38B | 12.58 | 10.95% | 3.78% | 6.23% | -11.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | €631.21M | -0.44 | 319.82% | ― | -14.39% | -173.10% |
* General Sector Average
FR:WAVE
Wavestone
32.40
-23.30
-41.83%
FR:ATO
Atos SE
31.96
-0.84
-2.56%
FR:AUB
Aubay Société Anonyme
55.20
7.10
14.76%
FR:CAP
Capgemini SE
102.50
-17.54
-14.61%
FR:NRO
Neurones
38.15
-2.12
-5.27%
FR:SOP
Sopra Steria
183.00
5.55
3.13%
Wavestone Corporate Events
Wavestone Publishes Corporate Governance Parity Compliance Disclosure
Jul 30, 2026
Wavestone has published regulated information concerning its corporate governance practices, focusing on a standard declaration form related to compliance with gender parity rules on its boards and leadership structures. The disclosure is made ava...
Wavestone Launches Targeted Share Buyback to Fund Employee Ownership
Jul 30, 2026
Wavestone’s board has approved the implementation of a share buyback program authorized by shareholders, mandating BNP Paribas Portzamparc to repurchase up to 300,000 shares at a maximum price of €50 each. The buyback window runs from ...
Wavestone Cuts Guidance and Buys AI Builders as Revenue Dips
Jul 29, 2026
Wavestone reported a challenging start to its 2026/27 financial year, with first-quarter revenue slipping 2% to €227 million and utilization falling to 71%, while average daily rates edged down and profitability guidance was cut to an 11%...
Wavestone Reports Active Liquidity Contract Trading in First Half of 2026
Jul 22, 2026
Wavestone reported the status of its share liquidity contract with Portzamparc – Groupe BNP Paribas as of June 30, 2026, holding 20,220 shares and €612,221.06 in cash, compared with 17,782 shares and €717,758.02 at the end of 202...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.