Wavestone (WAVE) AI Stock Analysis

• Market Cap: €1.18B
• Dividend Yield: 0.84%
• Average Volume (3M): 19.23K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.84
• Revenue Growth: 7.00%
• EPS Growth: 20.56%
• Country: FR
• Employees: 5,875
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 1.24
• Shares Outstanding: 24,906,332
• 10 Day Avg. Volume: 31,173
• 30 Day Avg. Volume: 19,233
• PEG Ratio: 1.16
• Price to Book (P/B): 1.89
• Price to Sales (P/S): 1.26
• P/FCF Ratio: 14.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €72.00
• Price Target Upside: 48.61% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 3.81
• Revenue Forecast (FY): €990.16M

• Rating: 76 Outperform
• Price Target: €52.00 ▲(7.33% Upside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

Wavestone's strong financial performance and positive technical indicators are the primary drivers of its stock score. The company's solid revenue growth, profitability, and cash flow generation provide a stable foundation. While the technical analysis suggests bullish momentum, the valuation is fair but not particularly compelling. The absence of significant earnings call insights or corporate events limits additional influences on the score.

Positive Factors

Cash generation

A 17.23% rise in free cash flow and operating cash flow to net income of 1.18 indicate durable cash conversion. Strong, repeatable cash generation supports reinvestment in talent and offerings, funds dividends or buybacks, and provides buffer for cyclical downturns in consulting demand.

Negative Factors

Net margin pressure

The noted decline in net profit margin implies rising cost or mix pressures. For a consulting firm, persistent margin erosion can reduce free cash flow growth and limit ability to fund investments or returns, requiring sustained cost discipline or higher‑value project mix to reverse.

Wavestone Business Overview & Revenue Model

Company Description

Wavestone (WAVE) is a leading consulting firm based in France, specializing in digital transformation, IT strategy, and operational excellence. The company operates primarily in the consulting sector, catering to a diverse client base that include...

Read more

Wavestone (WAVE) is a leading consulting firm based in France, specializing in digital transformation, IT strategy, and operational excellence. The company operates primarily in the consulting sector, catering to a diverse client base that include...

How the Company Makes Money

Wavestone primarily makes money by billing clients for professional consulting services delivered by its consultants on transformation and technology-related engagements. Revenue is mainly generated through (1) time-and-materials consulting, where...

Read more

Wavestone primarily makes money by billing clients for professional consulting services delivered by its consultants on transformation and technology-related engagements. Revenue is mainly generated through (1) time-and-materials consulting, where...

Wavestone Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	943.94M	943.67M	701.06M	532.26M	470.06M	417.61M
Gross Profit	119.78M	344.64M	167.79M	116.41M	215.94M	93.49M
EBITDA	128.29M	127.84M	95.55M	77.61M	80.33M	53.03M
Net Income	78.64M	75.56M	58.20M	50.07M	51.03M	25.38M
Balance Sheet
Total Assets	934.48M	979.95M	977.74M	536.79M	494.24M	446.47M
Cash, Cash Equivalents and Short-Term Investments	33.52M	78.35M	77.48M	70.82M	108.25M	88.01M
Total Debt	40.52M	80.77M	84.39M	59.46M	65.97M	86.44M
Total Liabilities	289.06M	346.55M	406.35M	237.74M	237.25M	240.41M
Stockholders Equity	644.07M	631.96M	569.47M	299.05M	256.98M	206.06M
Cash Flow
Free Cash Flow	101.83M	84.44M	78.67M	35.36M	55.23M	69.19M
Operating Cash Flow	105.93M	89.28M	81.77M	41.15M	56.34M	70.82M
Investing Cash Flow	-22.99M	-48.74M	-69.02M	-52.73M	-12.48M	-849.00K
Financing Cash Flow	-101.77M	-40.18M	-7.41M	-25.85M	-23.96M	-47.17M

Wavestone Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 48.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:WAVE, the sentiment is Neutral. The current price of 48.45 is above the 20-day moving average (MA) of 46.64, below the 50-day MA of 49.18, and below the 200-day MA of 52.20, indicating a neutral trend. The MACD of -0.69 indicates Negative momentum. The RSI at 51.72 is Neutral, neither overbought nor oversold. The STOCH value of 65.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:WAVE.

Wavestone Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WAVE	76 Outperform	€1.18B	9.75	12.87%	0.84%	7.00%	20.56%
AUB	72 Outperform	€579.70M	19.04	12.71%	2.54%	1.02%	6.31%
NRO	72 Outperform	€884.35M	20.10	14.08%	3.07%	7.39%	4.58%
SOP	67 Neutral	€2.54B	10.15	14.39%	3.03%	-4.12%	43.37%
CAP	64 Neutral	€17.50B	15.05	10.95%	2.35%	-0.76%	-6.99%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ATO	41 Neutral	€671.89M	-0.69	319.82%	―	-14.60%	―

Wavestone Corporate Events