Waystream Group AB (SE:WAYS)
:WAYS
Top Page
Waystream Group AB
(WAYS)
Select Model
Select Model
Rating:60Neutral
Price Target:
kr41.00
▲(3.54% Upside)
Action:ReiteratedDate:02/20/26
The score is supported by a strong, low-debt balance sheet and an earnings rebound in 2025, but it is held back by inconsistent cash flow conversion and an extremely high P/E valuation. Technicals are mixed, with short-term weakness despite a still-favorable longer-term trend.
Positive Factors
Conservative balance sheet / very low debt
Near-zero reported debt and materially positive equity give Waystream long-term financial flexibility. This reduces refinancing and solvency risk, supports capex or product investment without reliance on external debt, and preserves the ability to withstand telecom spending cycles for 2–6 months and beyond.
Negative Factors
Inconsistent cash flow conversion
Material volatility in OCF and FCF suggests working-capital swings or reinvestment needs that can absorb operating profits. This inconsistent cash conversion constrains discretionary spending, increases reliance on careful cash management, and raises execution risk when scaling deployments or funding new product work.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low debt
Near-zero reported debt and materially positive equity give Waystream long-term financial flexibility. This reduces refinancing and solvency risk, supports capex or product investment without reliance on external debt, and preserves the ability to withstand telecom spending cycles for 2–6 months and beyond.
Read all positive factors
Waystream Group AB (WAYS) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr347.11M
Dividend YieldN/A
Average Volume (3M)8.07K
Price to Earnings (P/E)93.7
Beta (1Y)0.24
Revenue Growth10.55%
EPS GrowthN/A
CountrySE
Employees19
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.10
Shares Outstanding8,304,063
10 Day Avg. Volume7,621
30 Day Avg. Volume8,071
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)4.49
Price to Sales (P/S)2.41
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.45
Revenue Forecast (FY)kr157.35M
Waystream Group AB Business Overview & Revenue Model
Company Description
Waystream Holding AB (publ) provides routers and switches that are used in the field of high-speed broadband service networks in Sweden. The company offers ASR 8000, MS 8000, and MS 7000, a hybrid architecture access switches for Internet, TV, who...
How the Company Makes Money
Waystream Group AB generates revenue through the sale of its networking hardware and software solutions to telecommunications operators and service providers. The company's key revenue streams include the direct sales of its routers and switches, ...
Waystream Group AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 136.87M | 115.15M | 100.31M | 140.34M | 91.60M |
| Gross Profit | 15.76M | 53.75M | 62.83M | 87.34M | 65.43M |
| EBITDA | 24.16M | -5.76M | 1.39M | 27.47M | 20.18M |
| Net Income | 10.30M | -11.79M | -4.81M | 20.56M | 14.77M |
Balance Sheet | |||||
| Total Assets | 147.15M | 113.25M | 128.59M | 127.18M | 78.40M |
| Cash, Cash Equivalents and Short-Term Investments | 21.30M | 5.07M | 2.80M | 27.21M | 26.24M |
| Total Debt | 1.00K | 11.17M | 12.84M | 2.01M | 1.99M |
| Total Liabilities | 73.68M | 56.26M | 62.04M | 51.78M | 24.05M |
| Stockholders Equity | 73.47M | 56.98M | 66.56M | 75.40M | 54.35M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 3.91M | -29.02M | 978.00K | 17.62M |
| Operating Cash Flow | 37.64M | 15.09M | -17.99M | 10.10M | 27.00M |
| Investing Cash Flow | -15.54M | -11.18M | -11.02M | -9.12M | -9.39M |
| Financing Cash Flow | -5.92M | -1.67M | 4.78M | -52.00K | 740.00K |
Waystream Group AB Technical Analysis
Positive
39.60
Price Trends
40.98
Positive
38.51
Positive
38.00
Positive
Market Momentum
0.56
Positive
51.49
Neutral
29.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WAYS, the sentiment is Positive. The current price of 39.6 is below the 20-day moving average (MA) of 41.73, below the 50-day MA of 40.98, and above the 200-day MA of 38.00, indicating a bullish trend. The MACD of 0.56 indicates Positive momentum. The RSI at 51.49 is Neutral, neither overbought nor oversold. The STOCH value of 29.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:WAYS.
Waystream Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr372.05M | 4.18 | 8.82% | ― | 14.89% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | kr347.11M | 93.66 | ― | ― | 10.55% | ― | |
57 Neutral | kr806.41M | -55.21 | ― | ― | -7.91% | -33.91% | |
47 Neutral | kr270.84M | -18.80 | -5.81% | ― | -9.79% | -144.24% | |
44 Neutral | kr59.20M | -2.29 | -24.59% | ― | -48.24% | -48.99% |
* Technology Sector Average
SE:WAYS
Waystream Group AB
41.80
21.10
101.93%
SE:TAGM.B
TagMaster AB Class B
25.40
12.95
104.02%
SE:MAVEN
Maven Wireless Sweden AB
5.10
-3.30
-39.29%
SE:INCOAX
InCoax Networks AB
0.45
-1.01
-69.11%
SE:ALCA
Alcadon Group AB
32.90
9.90
43.04%
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.