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Waystream Group AB
(WAYS)
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Rating:58Neutral
Price Target:
kr39.00
▼(-2.50% Downside)
Action:Reiterated
Date:07/09/26
The score is primarily supported by the improved financial trajectory and a strong, low-leverage balance sheet. It is held back by weak technical momentum (price below key moving averages and negative MACD) and a high P/E with no dividend yield provided, which increases sensitivity to any earnings or margin volatility.
Positive Factors
Balance sheet strength
Very low leverage and rebuilt equity give Waystream financial flexibility to fund R&D, support customers through long procurement cycles, and absorb demand variability. A strong balance sheet reduces refinancing risk and supports investments or opportunistic deals over the medium term.
Negative Factors
Margin deterioration & volatility
Margins have fallen from prior peaks and remain volatile, reducing the company's earnings cushion. Lower, unstable margins weaken capacity to absorb cost shocks, constrain reinvestment, and raise execution risk around product mix and component sourcing over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and rebuilt equity give Waystream financial flexibility to fund R&D, support customers through long procurement cycles, and absorb demand variability. A strong balance sheet reduces refinancing risk and supports investments or opportunistic deals over the medium term.
Read all positive factors
Waystream Group AB (WAYS) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr342.87M
Dividend YieldN/A
Average Volume (3M)8.07K
Price to Earnings (P/E)186.2
Beta (1Y)-0.01
Revenue Growth11.87%
EPS GrowthN/A
CountrySE
Employees19
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.21
Shares Outstanding8,769,175
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 Ratio14.91
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)1.37
Revenue Forecast (FY)kr165.00M
Waystream Group AB Business Overview & Revenue Model
Company Description
Waystream Group AB (WAYS) is a Swedish telecommunications equipment company that develops and sells network access products for broadband and fiber networks. The company’s offering is focused on Ethernet-based access solutions used by network oper...
How the Company Makes Money
Waystream makes money primarily by selling networking hardware used in broadband/fiber access networks, especially Ethernet access switches deployed at the network edge (e.g., in access nodes and aggregation points). Revenue is generated mainly fr...
Waystream Group AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
82
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 133.50M | 136.87M | 115.15M | 100.31M | 140.34M | 91.60M |
| Gross Profit | 23.30M | 23.82M | 53.75M | 62.83M | 87.34M | 65.43M |
| EBITDA | 14.74M | 24.16M | -5.76M | 1.39M | 27.47M | 20.18M |
| Net Income | 1.65M | 10.30M | -11.79M | -4.81M | 20.56M | 14.77M |
Balance Sheet | ||||||
| Total Assets | 164.44M | 147.15M | 113.25M | 128.59M | 127.18M | 78.40M |
| Cash, Cash Equivalents and Short-Term Investments | 21.75M | 21.30M | 5.07M | 2.80M | 27.21M | 26.24M |
| Total Debt | 6.34M | 1.00K | 11.17M | 12.84M | 2.01M | 1.99M |
| Total Liabilities | 69.66M | 73.68M | 56.26M | 62.04M | 51.78M | 24.05M |
| Stockholders Equity | 94.78M | 73.47M | 56.98M | 66.56M | 75.40M | 54.35M |
Cash Flow | ||||||
| Free Cash Flow | 24.45M | 22.10M | 3.91M | -29.02M | 978.00K | 17.62M |
| Operating Cash Flow | 18.69M | 37.64M | 15.09M | -17.99M | 10.10M | 27.00M |
| Investing Cash Flow | -23.25M | -15.54M | -11.18M | -11.02M | -9.12M | -9.39M |
| Financing Cash Flow | 11.84M | -5.92M | -1.67M | 4.78M | -52.00K | 740.00K |
Waystream Group AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr769.65M | -87.22 | ― | ― | -10.58% | -127.66% | |
66 Neutral | kr572.72M | 16.02 | 13.17% | ― | 8.40% | 495.11% | |
58 Neutral | kr342.87M | 186.19 | ― | ― | 11.87% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | kr293.49M | -13.36 | -17.78% | ― | -31.42% | -179.35% | |
42 Neutral | kr143.22M | -2.65 | -39.36% | ― | -65.31% | -56.81% |
* General Sector Average
SE:WAYS
Waystream Group AB
39.10
-1.70
-4.17%
SE:TAGM.B
TagMaster AB Class B
39.10
22.70
138.41%
SE:MAVEN
Maven Wireless Sweden AB
5.20
-4.50
-46.39%
SE:INCOAX
InCoax Networks AB
0.96
-0.39
-28.92%
SE:ALCA
Alcadon Group AB
31.40
11.40
57.00%
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.